{"id":1702,"date":"2019-05-16T02:24:02","date_gmt":"2019-05-16T02:24:02","guid":{"rendered":"http:\/\/kusuaks7\/?p=1307"},"modified":"2023-06-28T16:06:40","modified_gmt":"2023-06-28T16:06:40","slug":"everything-you-need-to-know-about-sales-management","status":"publish","type":"post","link":"https:\/\/www.experfy.com\/blog\/consumer-tech\/everything-you-need-to-know-about-sales-management\/","title":{"rendered":"Everything You Need to Know About Sales Management"},"content":{"rendered":"<p>Sales is an integral function of any tech companies, especially enterprise software ones. If your company is building a consumer product, strong marketing strategies will help you gain customers. But if your company is SaaS-based, then strong salespeople are a must to get clients. I have been interested in B2B companies for a while, and learning about sales is the perfect way to know more about the enterprise industry.<\/p>\n<p>The talk I recently went to is called\u00a0<strong>\u201cHas Sales Tech Diminished the Need for Sales Savvy?\u201d\u00a0<\/strong>Essentially a lot of CRM technologies such as Salesforce, Infusionsoft, Pipedrive\u2026 have automated the sales process, making it easier for salespeople to do their job. However, is it a substitute for hard work, study, and team building? As demand generation consultants, it is possible that, because of sales automation tools, salespeople may abdicate their responsibility as mentors, coaches, and learners. The talk is a discussion on how traditional methods of sales development \u2013 research, determination, and collaboration \u2013 continue to be critical factors in a team\u2019s and company\u2019s success. It was hosted in the office of\u00a0<a href=\"https:\/\/www.mulesoft.com\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">MuleSoft<\/a>, a software company that provides integration platform for connecting applications, data sources, and APIs, in the cloud or on-premises. The panel consists of 5 industry experts:<\/p>\n<ul>\n<li><a href=\"https:\/\/twitter.com\/falonfatemi\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Falon Fatemi<\/a>, CEO + Founder at Node<\/li>\n<li><a href=\"https:\/\/twitter.com\/davidsill\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">David Sill<\/a>, SVP of Customer Success at DiscoverOrg<\/li>\n<li><a href=\"https:\/\/twitter.com\/stevenbroudy\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Steven Broudy<\/a>, Head of Account Development, Americas at MuleSoft<\/li>\n<li><a href=\"https:\/\/twitter.com\/richiliu\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Rich Liu<\/a>, VP of Corporate Sales at MuleSoft<\/li>\n<li>Moderator\u00a0<a href=\"https:\/\/twitter.com\/salesnerdo\" target=\"_blank\" rel=\"nofollow noopener noreferrer\">Chris Ortolano<\/a>, Manager of Customer Enablement at DiscoverOrg<\/li>\n<\/ul>\n<p>As mentioned above, the context of the talk focuses on sales tech (competence) and sales savviness (confidence).<\/p>\n<ul>\n<li><strong>Sales Tech:\u00a0<\/strong>With many tools to learn and several automated tasks to tackle, salespeople increasingly encounter solution fatigue \u2013 not knowing what to utilize with the vast amount of resources given to them.<\/li>\n<li><strong>Sales Savviness:\u00a0<\/strong>Good salespeople are also strategic account managers. They understand the narrative to deliver from a company\u2019s perspective and their role value.<\/li>\n<\/ul>\n<p>The big topic here is \u201c<strong>How can technology strategically support sales narrative?\u201d\u00a0<\/strong>Below are my notes on the question asked and responses from the panel.<\/p>\n<h3><strong>How do you describe the art of sales?<\/strong><\/h3>\n<p>The 2 most important skills that a salesman needs to learn are\u00a0<strong>deliberate practice<\/strong>\u00a0and\u00a0<strong>teamwork + accountability<\/strong>. If that\u2019s too general for you, there are a few other more specific approaches:<\/p>\n<ul>\n<li>Instead of only relying on data sources, try to become a\u00a0<em>data partner<\/em>\u00a0\u2013 analyze the data and draw conclusions yourself.<\/li>\n<li>Master the essential CRM (Customer Relationship Management) and Marketing tools.<\/li>\n<li>Apply a\u00a0<em>scientific approach<\/em>\u00a0to tweak the sales funnel metrics.<\/li>\n<li><em>Invest in pipeline management<\/em>\u00a0\u2013 your sales pipeline is the key to evaluating, managing, and ultimately improving your sales process so you can close more deals.<\/li>\n<li><em>Understand the sales stack<\/em>\u00a0\u2013 the totality of sales software (typically cloud-based) that a particular sales team utilizes.<\/li>\n<li>Differentiate between\u00a0<strong>account sales\u00a0<\/strong>(the SDR work on specific accounts) and\u00a0<strong>people sales\u00a0<\/strong>(the SDR are assigned work based on their attributes).<\/li>\n<\/ul>\n<p style=\"text-align: center;\">\n<h3><strong>What is an ideal salesperson?<\/strong><\/h3>\n<p>An ideal salesperson has to have a growth mindset \u2013 that dedication and hard work can extend his\/her abilities. He also should have a high level of intellectual horsepower as well as a solid degree of intellectual curiosity. Finally, coachability and likability count as important factors because an ideal salesperson is respected by his mentors and colleagues.<\/p>\n<h3><strong>How can a salesperson learn from failure?<\/strong><\/h3>\n<p>It is neat that he prefers short-term memory over long-term memory, so he can quickly heal from failed attempts. It is more important that he pays crucial attention to figuring what went wrong and solving that issue. It is encouraged that he is an experimenter, testing and iterating different ways while persuading a client. Finally, it is vital that a safe environment is enforced within the team\u2019s culture so that every team member is willing to be vulnerable and share his lessons that benefit the rest of the team.<\/p>\n<p style=\"text-align: center;\">\n<h3><strong>As a sales manager, how do you resolve competitiveness inside your team?<\/strong><\/h3>\n<p>Internal competition is healthy only if it coexists with trust. Thus, a manager needs to think of the team as a family, in which there\u2019s a shared bond between each member. Setting up a system so that everyone can be successful is the best way to have that family-like team. To do that, a manager should create team goals \u2013 the big thing that the whole team has to work together to achieve and set up incentives for individuals who perform exceptionally.<\/p>\n<h3><strong>What is the best way to transfer sales knowledge from an A player (top performer) to B players (mid performer)?<\/strong><\/h3>\n<p>This is a tricky thing because everyone is different: some people are natural salesmen, who can easily close deals; while others find it harder to convince people into buying products. Leveling up the B-players in a team can take 2 ways:<\/p>\n<ul>\n<li><em>Create a process that works for most people<\/em>. This way there\u2019s not much a performance gap between people with different level of sales expertise.<\/li>\n<li><em>Borrow the good traits from A players and implement them to B players<\/em>. Harder said than done, this will take real responsibility from the A players to provide mentorship to their colleagues, in addition to maintaining their job performance.<\/li>\n<\/ul>\n<h3><strong>What is the single one thing that salespeople need to focus on?<\/strong><\/h3>\n<p>This goes back to the\u00a0<strong>growth mindset\u00a0<\/strong>piece, in which any salesperson should possess. Additional things to focus on are learning to be compelling and being introspective about how to hone one\u2019s craft. A more technical thing is thinking about how to maintain the sales funnel.<\/p>\n<h3><strong>How long does it take to train a new hire?<\/strong><\/h3>\n<p>This, of course, varies from organizations to organizations, mainly depending on 2 factors:<\/p>\n<ul>\n<li><em>Product complexity<\/em>: retail, small or mid-size market, enterprise solutions.<\/li>\n<li><em>Business maturity<\/em>: founders\u2019 experience, hiring process, technology adoption.<\/li>\n<\/ul>\n<p style=\"text-align: center;\">\n<h3><strong>How can a salesperson master storytelling?<\/strong><\/h3>\n<p>The best structure for storytelling is the\u00a0<a href=\"http:\/\/thewritepractice.com\/once-upon-a-time-pixar-prompt\/\" target=\"_blank\" rel=\"nofollow noopener noreferrer\"><strong>Pixar Once Upon a Time formula<\/strong><\/a>, which is adopted by hundreds of big and small companies around the world. If the salespeople can learn that and have the opportunities to practice, then the storytelling process will be very sustainable and repeatable with full emotional engagement. It is advised that the salesperson doesn\u2019t take the formula too literally, and instead breaks it down into specific components and see how it can apply to a specific prospect he is talking to.<\/p>\n<h3><strong>Is it possible to scale the best sales practice?<\/strong><\/h3>\n<p>Technology surely helps in this realm, as long as the sales team can instill confidence in data. However, no matter how advanced the technology can be, the core sales training skill (research, determination, collaboration) still triumphs at the end.<\/p>\n<p>And that\u2019s the wrap of the talk!<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Sales is an integral function of any tech companies, especially enterprise software ones. If your company is building a consumer product, strong marketing strategies will help you gain customers. But if your company is SaaS-based, then strong salespeople are a must to get clients, and learning about sales is the perfect way to know more about the enterprise industry.&nbsp;The 2 most important skills that a salesman needs to learn are&nbsp;deliberate practice&nbsp;and&nbsp;teamwork + accountability.<\/p>\n","protected":false},"author":86,"featured_media":2768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"content-type":"","footnotes":""},"categories":[196],"tags":[96],"ppma_author":[1842],"class_list":["post-1702","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-consumer-tech","tag-marketing"],"authors":[{"term_id":1842,"user_id":86,"is_guest":0,"slug":"james-le","display_name":"James Le","avatar_url":"https:\/\/secure.gravatar.com\/avatar\/?s=96&d=mm&r=g","user_url":"","last_name":"Le","first_name":"James","job_title":"","description":"James Le is a Software Developer with experiences in Product Management and Data Analytics. He played a pivotal role in the operation of a start-up organization at Denison University."}],"_links":{"self":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/1702","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/users\/86"}],"replies":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/comments?post=1702"}],"version-history":[{"count":4,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/1702\/revisions"}],"predecessor-version":[{"id":28919,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/posts\/1702\/revisions\/28919"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media\/2768"}],"wp:attachment":[{"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/media?parent=1702"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/categories?post=1702"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/tags?post=1702"},{"taxonomy":"author","embeddable":true,"href":"https:\/\/www.experfy.com\/blog\/wp-json\/wp\/v2\/ppma_author?post=1702"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}