lessons from the pitcher’s mound on sales team development by paul rafferty for @datadotcom

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Lessons from the Pitcher’s Mound on Sales Team Development January 26, 2012

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To get top performance from your Sales and Marketing Organizations, today’s companies need to deploy their resources in the correct “roles”. In “the good old days” of selling, one talented Sales Professional ran the entire Sales Cycle (Prospecting, Qualifying, Presenting, Closing). In baseball terminology, they “pitched a complete game”. In today’s Sales 2.0 world, most companies are wasteful and ineffective in this model. The game of baseball was revolutionized by the introduction of the closer role. Today’s CEO’s and Sales VPs must look to that success and reinvent the way they attack the market. Join Paul Rafferty, CEO and Founder of Sales Engine International, for this webinar in which he will discuss how the world of selling has changed and what steps sales and marketing execs need to take to leverage the value of new marketing automation tools to complement the right types of sales talent to reach their organization goals. You will learn how to: * Understand how to staff in the Sales 2.0 paradigm * Understand the difference between a SQL (Sales Qualified Lead) and an MQL (Marketing Qualified Lead) * Leverage the tools that tell you exactly who is most interested in you and your products * Systematically Grow Sales Paul Rafferty is the Founding Partner of Sales Engine International and Chief Executive Officer. Paul is a richly experienced Senior Sales Executive whose unique insights and "steady hands" are greatly valued by all Sales Engine clients. Paul provides the Executive Leadership and is responsible for Sales Engine's Sales and Administrative Teams. Prior to founding Sales Engine, Paul spent 20 years with a Fortune 500 company, rising from Field Sales Rep to Regional VP of Sales and finally National VP of Sales Operations with responsibility for a sales organization exceeding 600 people. To learn more about Sales Engine International, visit www.salesengineintl.com

TRANSCRIPT

Page 1: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Lessons from the Pitcher’s Mound on Sales Team Development January 26, 2012

Page 2: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Today’s presenter Paul Rafferty, CEO Sales Engine International

Page 3: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Ask your questions via Twitter

Tweet: @datadotcom #jigsawcontacts

Or in the Question’s box on your screen

Page 4: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

About Sales Engine International

Page 5: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Agenda

• Baseball 1.0 vs. Baseball 2.0

• Sales 1.0

• Sales 2.0

• Demand Generation Stages & Process

• Building a Team for the Sales 2.0 World

• Case Study

Page 6: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Baseball 1.0 vs. Baseball 2.0

Page 7: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Polling Question

Cy Young holds the record for most Complete

Games pitched in Major League Baseball

history (749).

How many does the current ACTIVE leader have: a) 347

b) 125

c) 66

d) I don’t like baseball or sports analogies!

Page 8: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Answer: 66

Roy Halladay

Page 9: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Why the Big Difference

• Cy Young at 749 vs. Roy Halladay at 66

– Was Cy “Super Human”

– Are we getting weaker?

• Or, are we approaching things differently

– Adjusting to what we learn?

• Statistics? Matchups? Change Momentum?

– Has the economic landscape changed?

• TV Contracts? Bigger Staffs? Specialization?

Page 10: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Accelerating Change

Year Games Started

Games Completed

% Games Completed

1904 2496 2186 87.6%

1914 3758 2067 55.0%

1924 2462 1198 48.7%

1934 2446 1061 43.4%

1944 2484 1123 45.2%

1954 2472 840 34.0%

1964 3252 797 24.5%

1974 3890 1089 28.0%

1984 4210 632 15.0%

1994 3200 255 8.0%

2004 4854 150 3.1%

The game has changed

Page 11: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

SO What’s the Point

• Circumstances have changed

• Must revisit “long held” assumptions

• Build a Model for the “New Normal”

“You can't do today's job with yesterday's methods and be in business tomorrow”

Page 12: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

The Sales World We Grew Up In

Page 13: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

The World of Selling has Changed

- 85% of Cold Calls Go to Voice Mail

- 80% of B2B Buyers “Find” the Sellers

Page 14: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

How would you describe your current

sales model?

a) Sales Rep Pitches “Complete Game”

b) Inside Sales Feeds Outside Sales

c) Integrated Marketing Inside Sales/Nurture

Feeds “Closer”

Polling Question #2

Page 15: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Demand Generation Stages

Suspect • SEO / PPC

• Events

• Campaigns

MQL (Marketing

Qualified Lead)

• Fit Score >X

• Interest Score >Y

• Total Lead Score >Z

SQL (Sales Qualified

Lead)

• Budget • Authority • Need • Timeframe

Opportunity • Sales Stage; or

• Opportunity Scorecard

Win/Loss • Won

• Lost – Competitor

• Lost – No-decision

Page 16: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Today’s Starting Pitcher

Integrated Marketing • Prospect Database • Rich Content • Marketing Automation • Execution • Lead Scoring

Page 17: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Goals of the “Starter”

Page 18: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Today’s Middle Reliever

Nurture Resource:

• Converts MQL’s…(Marketing Qualified

Leads)

• Into SQL’s (Sales Qualified Leads)

• Key Success Factors:

– Defined Process

– Situational Fluency

– Patience & Persistence

Page 19: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Copyright © 2009 Sales Engine International. All rights reserved

Timing is everything

• 100x more likely to ‘connect’ with lead within

5 minutes vs. 30 minutes

• 21x more likely to ‘convert’ leads contacted

within 5 minutes vs. 30 minutes

• 7x more likely to have “meaningful

conversations” w/decision makers” in 1st hour

• Only 37% of companies respond within hour

Page 20: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Today’s “Closer”

Sales Executive:

• Rich Industry Experience

• Problem Solver /Adds Value

• Highly Compensated

• Large Quota and Pressure

• Focused on the “Now Deal”

• Not “wired” to nurture

Page 21: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Demand-Gen Engagement Process

Suspect

MQL (Marketing Qualified Lead)

SQL (Sales Qualified Lead)

Opportunity

Win/Loss

Lead

score

>X

Yes

Call Sales

Ready

Yes

Campaign response,

Trigger event, etc.

Opportunity record

Contact record

No

• First “Stage” of sales process; or

• First action in “Opportunity Scorecard”

Page 22: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Baseball 1.0 & Sales 1.0

Page 23: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Baseball 2.0 & Sales 2.0

Page 24: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Starter / Nurture Case Study

• Sent eNewsletter to

18,000 recipients

• Directed inside sales reps

to IMMEDIATELY follow

up after launch

• Split their calling into

groups based on lead

score, click activity

Page 25: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

• No lead score • No opens or clicks

• Lead score = Low • Merely opened email(s).. But no ‘clicks’

• Lead score = Medium • Clicked through on 1+ outbound campaign

• Lead score = High • Opened & clicked on campaigns for several

months and visited web

Cold

MQL #3

MQL #2

MQL #1

Starting Pitcher– Metrics

Page 26: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Conclusions 878% Better Than Cold Calling

878%

321%

124%

0%

100%

200%

300%

400%

500%

600%

700%

800%

900%

1000%

Rating 1 Rating 2 Rating 3

% Conversations convert to Appointment

• Phone conversations with

1,216 leads – 495 cold leads

– 721 scored leads

• % Leads converted – Cold = 0.6%

– MQL #3 = 0.7%

– MQL #2 = 1.9%

– MQL #1 = 5.3%

Page 27: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Sales Engine’s Growth in Sales

Opportunities / Month

Page 28: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Sales Engine’s Growth in Sales

Opportunities / Month

Page 29: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Baseball 2.0 & Sales 2.0

Page 30: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Map Offer

In the survey at the conclusion of today’s presentation you will have an opportunity to request a copy of the Sales Acceleration Map.

Page 31: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Find us anytime:

@datadotcom

http://data.com/facebook

Page 32: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

Questions

• Thank you for attending.

• We will now begin the Q&A portion of our

presentation.

Page 33: Lessons from the Pitcher’s Mound on Sales Team Development by Paul Rafferty for @datadotcom

About today’s speaker