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Delivering the H2 Pipeline Tim Foster - Sales Director EMEA [email protected] @tgfoster

Sales Webinar | Delivering The H2 Pipeline

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Page 1: Sales Webinar | Delivering The H2 Pipeline

Delivering the H2 Pipeline

Tim Foster - Sales Director [email protected]@tgfoster

Page 2: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Tim Foster

Page 3: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Don't Sleep Walk through your Deals

Page 4: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Does this Happen to You?

We struggle to gain and keep “C” level

relationships

Managers only get involved late

in deals We always use the same competitive

strategy

We have poordeal qualification

We’re not uncovering pains

We struggle to prove the value

We’re not selling to the right people

We can’t articulatecompetitive advantage Deals getting stuck

in the pipeline

Our managers chase, and don’t coach

Page 5: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Use the Force….

Page 6: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Impact of Methodology on Win Rate

100%

40%

60%

20%

What percentage of the sales team regularly use the Sales Methodology?

<25% 25-50% 50-75% 75-100%% Qualified

OpportunitiesConvert To Sale

80% <25%

<25% <25%<25%

25 – 50%

25 – 50%

25 – 50%

50 – 75%

50 – 75%

50 – 75%

50 – 75%

75 – 100%75 – 100%

75 – 100%

75 – 100%

25 – 50%

Source:• 2012 Dealmaker Index survey, 615 respondents

Page 7: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Target Account Selling – Create a Plan to Win

Page 8: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

TAS – Opportunity Assessment

Compelling Event

Is There an Opportunity?

Customer’sApplication or Project

1

Customer’sBusiness Profile

2

Customer’sFinancial Condition

3

5

Access to Funds4

Can We Win?

Inside Support

Executive Credibility

Cultural Compatibility

Political Alignment

Informal Decision Criteria

11

12

13

15

14

Is It Worth Winning?

Short-Term Revenue16

Future Revenue17

Profitability18

Strategic Value 20

Degree of Risk19

10

Can We Compete?

Formal Decision Criteria 6

Solution Fit7

Sales ResourceRequirements

8

Unique Business Value

Current Relationship9

Page 9: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

• No competitors are listed

• Compelling Event (#5) poorly defined, with no specific date for customer action

• Unique Business Value (#10) not genuinely unique and specific

• Solution fit (#7) is positive, even when decision criteria (#6) are unknown

• Political alignment (#11 – #15) is positive, without executive credibility

Assessment Concerns

Page 10: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Competitive Strategies

Develop

Flanking

Defend

Fra

gmen

t

Frontal

No compelling event

or Not in a position to

compete

Compelling eventexists

or You can create one

Position

Attack

Page 11: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

• Attack strategy used when Compelling Event is poorly defined or does not exist

• Underestimating the competitors’ strategy

• Competitor’s strengths and weaknesses are very product- focused

• Flanking strategy with no criteria defined that can be changed

Competitive Strategy Concerns

Page 12: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

TAS - Political Analysis/Relationship Strategy

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© The TAS Group 2012

• Everyone is in the political structure or inner circle

• Low level coverage in the opportunity

• Many mentors, no enemies or non-supporters

• Not looking outside the ‘official’ decision process for people who can impact the decision

• Decision criteria priorities are all the same

• No understanding of informal decision criteria

Political Analysis Concerns

Page 14: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Decision Criteria

Page 15: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

• Not linked to Unique Business Value

• Don’t contain any of our strong points

• Not knowing the criteria of the decision maker(s)

• Contain strengths of the competition

• Generic and not Specific and Measurable

• Narrow and all based around Technology, for example

Decision Criteria Concerns

Page 16: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Target Account Selling – Create a Plan to Win

Page 17: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

The Test and Improve Process

1 Understand the Plan

2 Review, test and add ideas to the Plan

3 Improve and update the Plan

Page 18: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Team

Atta

inmen

t of Q

uota

Reps

Achiev

ing Q

uota

0

20

40

60

80

The TAS Group All Other Companies

n= 984

63% 41%

The TAS Group - 54% More Reps on Target

Source : Aberdeen Group September 2011

Cur

rent

Per

cent

age

,sal

es

trai

ning

res

earc

h

73% 61%

Page 19: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

• From Vendor to Trusted Advisor

• Wednesday 5th September 2012, 12 noon BST, 1pm CET

• Register http://www.thetasgroup.com/events.php

Register for our Next EMEA Webinar

Page 20: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

• www.dealmakerindex.comScore your sales effectiveness. Get advice. See how you compare.

• www.dealmakergenius.comCreate a customized sales process.

• www.dealmaker365.comRead our blog featuring insights on sales effectiveness.

• @dealmaker365

@thetasgroupFollow us on Twitter.

• www.thetasgroup.comLearn more on our website.

Free Resources

Page 21: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

Page 22: Sales Webinar | Delivering The H2 Pipeline

© The TAS Group 2012

www.thetasgroup.com• UK 01189 880149

• International +353 1 678 8900

[email protected]

[email protected]

• @thetasgroup

• @tgfoster

Where You Can Find Us

Page 23: Sales Webinar | Delivering The H2 Pipeline

Delivering the H2 Pipeline

Tim Foster - Sales Director [email protected]@tgfoster