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Improve Sales Productivity & Revenue Performance with Digital and Data

Digital sales coverage, joe

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Your buyers have changed how and when they want to engage with your Sales Team and now wait until their buying decision is 2/3 made before they engage. When they do engage, 70% of the time your Sales Reps are not properly prepared for the conversation and only 7% will earn a second conversation with your customer. Meanwhile, sales team productivity is falling off the cliff as reps continue to use traditional engagement methods with prospects and customers, customers who simply don’t want to spend their time with sales. The future of sales productivity lies in combining digital customer engagement with analytics, enabling sales teams to target, prepare, and engage far more effectively.

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Improve Sales Productivity & Revenue Performance with

Digital and Data

©2014 MarketBridge Corp.– 2 –

©2014 MarketBridge Corp.– 3 –

“57% of a typical purchase decision is made before a customer even talks to a supplier.”

CEB

“67% of the buyer’s journey is now done digitally”

Sirius Decisions

“B2B buyers complain that only 29% of sales reps are well prepared to engaged

with them” IDC

MARKET RESEARC

H

“76% of B2B customers prefer to receive content unique to their stage in the buying process”

Pardot/SFDC

©2014 MarketBridge Corp.– 4 –

How Do You Sell to Buyers in the Digital Age?

TraditionalMarketing Spend(media buy, direct mail, e-mail, teleprospecting, events)

TraditionalSales Spend(field sales, inside sales, resellers, agents, retail, e-commerce)

“Old School” engagement is declining. Prospects… Take fewer sales meetings Attend fewer events Don’t answer telesales calls Block emails

“New School” engagement allows for self-education Search Social Media On-line media 3rd party sites Content-rich vendor sites Authentic online communities

DigitalEngagement• Search, mobile, social

media• Content marketing, digital

communities• Sales enablement

©2014 MarketBridge Corp.– 5 –

“The State of the Union” for Sales

1 The Bridge Group; 2 National Sales Executive Association

❶ Goals Up, Headcount Down

• Corporate mandates prevent the old formula of More Headcount = More Revenue

• Even less expensive sales channels like Inside Sales need to prove value more than ever before

❷ Increasingly Inefficient “Talk Time”

• Required sales call volume has doubled to make contact with a targeted prospect

• For Inside Sales…1,000 outbound calls generates only 32 real leads1

❸ Ignored Accounts = Ignored Revenue Opportunity

• 48% of sellers never follow up after first touch2

• Disqualified leads (“Not Ready to Buy”, “Insufficient Funds”, “Insufficient Authority” ) are too expensive and too consuming to nurture

• Yet, these leads represent too much revenue potential to be left untouched by sales

©2012 MarketBridge Corp.– 6 –

The New Revenue Equation:Digital Engagement + Data Analytics = Sales Productivity

CUSTOMER PROFILE & DATABASE

Richer Customer DataConnected Marketing & Sales “Engine”

Social/Mobile↓

Direct Marketing↓

Lead Management↓

Sales Management↓

Loyalty & Retention Deeper, Predictive Customer Data &

“Dashboards”

Smarter Marketing & Sales

©2014 MarketBridge Corp.– 7 –

Lifting Sales Productivity Through Digital Engagement and Data Analytics

STEP 1Prioritize SalesCall Patterns

STEP 2Digital Customer

Engagement

•Analytics driven•Sales-ready•Likelihood to convert

• “Not ready to buy” prospects

• Low cost coverage• Systematic lead

qualification and scoring

STEP 3Feed Sales

Quality Leads

• Trigger-based• Fed into SFDC• History of digital

engagement

©2012 MarketBridge Corp.– 8 –

Benefits of Digital + Data Programs

Increased Revenues and Customer Lifetime Value

Expanded Customer Reach and Response

Reduced Cost-to-Sell

Deeper Customer Insight

Improved Customer Experience

©2014 MarketBridge Corp.– 9 –

The Economic Potential

For every 100 inside reps…

$1.4M+ in potential labor savings

60%+ increase in per rep quality talk time

17,600 more quality conversation hours

25% increase in rep sales productivity

20% lower cost-to-sell

Lower cost per conversation by $5

Up to 20-25% lift in overall sales production

2.5X more touches of nurtured prospects at 81% lower cost

©2012 MarketBridge Corp.– 10 –

.

The Prescriptive Path

RevenueEnginesTM for Sales

STEP 2

TargetHighest Value

Customer Interactions

through Analytics

STEP 1

Quantify the Business Case

& Build the Launch Plan

STEP 3

Launch Digital Engagement Programs to Engage Early

Stage Prospects

STEP 4

DeploySMART™

Analytics to Continually Feed

Reps the Best Prospects

STEP 5

Engage Prospects in aContent-Rich

Community and Build Data Asset

©2012 MarketBridge Corp.– 12 –

Step 2 - Driving Revenues w/ Predictive Analytics

On-demand social media, CRM, email collaboration at the individual or customer

level …

…delivered on Sales desktop

Monthly/weekly up-to-date profile of customer/prospect

cohorts social media usage and demographics

?

ExistingCustomers

New Prospects

Target Industry, Title, Geo, etc.

Individual Buyer Profile

Prospect Profiling SMART Customer Profiling

On-going opportunity scoring and segmentation to predict high propensity, high value, and

timing of target buyersHigh Value Prospects

Ready-to-Buy Customers

TargetedCross-Sell

SMART Predictive Analytics

©2014 MarketBridge Corp.– 18 –

The Digital + Data Customer Funnel

Digital and Data Funnel

Campaigns

Prospecting

Research

First Contact

Relationship

Predictability

Analytics

Targeted Buyer Personas

Leads Lists By Persona

Score & Enrich Opportunities

Social Selling / Warm Intros

Updates CRM, Full Relationship

More Accurate Pipeline Value

Analyze & Group Customers

©2013 MarketBridge Corp.– 19 –

“Digital Sales Coverage” Example

•Digitally recruited 660,000 not-ready-to-buy prospects

•$5-$6 total cost per acquisition

•Engagement through online community and social media…not field/inside sales

•Buyer persona-based content marketing

•Ongoing conversion campaigns to Sales•New and existing clients purchase at a 3X higher conversion rate

•Omni-channel analytics and program dashboards

•Performance reported weekly

• Field Agents• Online Ads• Social Media

• Direct Mail• Viral Marketing• Public Relations

INTEGRATED PROGRAM• Inside Sales• Live Events• Co-Promotions

MEASURE

CONVERT

ENGAGE

REACH

From Field Sales only….to Digital Nurture + Field Sales

©2014 MarketBridge Corp.– 20 –

Offer:

What’s The Economic Potential for Your Business?

For your sales force… ?

Potential labor savings

Increase in rep time selling

Increase of quality interactions

Growth in rep sales productivity

Decrease in cost-to-sell

Cost per interaction savings

Lift in overall sales production

ROI CalculatorInputs:

1. Average Deal Size

2. Rep Selling Time

3. Conversion Rates

4. Sales Rep Cost

5. Sales Headcount

6. Calls per Week

Provide 6 Metrics and MarketBridge Will Deliver a Digital Sales Coverage ROI Estimate

©2014 MarketBridge Corp.– 21 –

Improve Sales Productivity & Revenue Performance with Digital and Data

Joe Bisagna Senior Director of Client Development [email protected](240) 752-1896

market-bridge.com

MarketBridge delivers digital customer

engagement and analytics solutions to improve the Sales productivity and Marketing ROI of the Fortune 1000.