The 6 Questions That Will Make Your Sales Strategy Successful
Itâs not uncommon for company leaders to start a sales strategy with a big sales number. Itâs usually a number that is larger than the year before and a percent of growth they or the investors deem attainable (not always within reason).Â
Having a sales goal is important, but a sales strategy doesnât start with the number of sales you need to hit your goal. In fact, a sales strategy ends with hitting sales goals. Itâs the strategy that allows you to hit the goal.Â
There is a lot that happens before you can look at a sales team and say, âHit these numbers.â
The ânumberâ should be set based on the growth available in the market (based on research) and not on the growth your leadership wishes was available. It should be selected based on the resources you are able to apply.Â
Iâve seen many company leaders who want to move from incremental growth to exponential growth without understanding what it will take.Â
Simply giving salespeople a larger quota and telling them to sell doesnât work. Your team may have figured that out by now.Â
Before setting the number for the year, examine the market and your resources.Â
Answer These Questions!
Setting a big hairy audacious revenue goal wonât result in the long-term strategic sales you need to sustain growth. But, building a great sales strategy will.
Assuming you have sized the market correctly, your leadership team must answer these six questions to create a great sales strategy and effectively execute it. (Iâm sure there are more, but these will get you started.)
Hereâs some help answering each question to build your strategy and position your sales team for success.
Whatâs the big picture?
We tend to think that salespeople should just sell what we tell them to sell. But, to truly grow your business, your reps need to understand your company vision. They need to understand the bigger picture and your âwhyâ so they are motivated and bring that to their conversations with customers. And donât think you can tell them once, and theyâve got it. Remind them regularly and provide information as things change.Â
To do this, your leadership team has to agree and align the sales strategy with the company strategy.Â
What is your position in the market?
Your position in the market drives your marketing and your sales efforts. Misunderstanding your position makes it very difficult to generate leads. We all know what happens when the top of the pipeline isnât full.Â
For your sales reps to effectively sell, they need to understand your position or how you are viewed by those most likely to buy from you. It can be difficult to take the right approach with a customer when you donât understand your market position. Are you the low-price leader? Are you seen as the low price leader? Are you seen as the best solution? The most expensive? The most unique? What do they think of your competitors?
Once youâve completed your analysis, provide your team with a summary of your findings and a positioning statement they can use.
What Ideal Customer Criteria will you use to prioritize prospecting?
Some of your teams are lucky enough to have plenty of inbound leads, but from my research, many are not followed up on or only receive one attempt. Sure, some of those leads may be unqualified or may not be worth your sales teamâs effortsâbut what about the ones that are? If your sales team has a glut of leads and no way to prioritize them, you need to be sure they understand and use the Ideal Customer Criteria youâve built. Itâs not about the persona until you know that the company meets the criteria. They need to do the research and prioritize those leads.Â
If they are doing outbound in a territory, the same criteria are applied to determine where to put the time and effort. If they have a named account list, they should research every company before adding them to the list.Â
So much time is wasted, and numbers are missed when salespeople spend time chasing people at companies that are not the most likely to buy.
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Thereâs a lot of confusion between Ideal Customer Criteria and Buyer Persona that you need to iron out. This will prevent a lot of wasted time.Â
Which are the top companies you need to sell to successfully?
Who decides which companies are a top priority for prospecting? In many cases, itâs left to the salespeople. This should be very strategic, and sales and marketing leaders need to work together based on the greater strategy to choose. Once chosen, mark the top 10 (or top 100) as strategic accounts and build a team around them.Â
The days of the Lone Ranger salesperson are long gone in the enterprise sale. Teams must be formed, and the strategic accounts landed.
Salespeople need specific strategies for the companies on their list that are most important to your overall success. Â
What value propositions and messages are needed to intrigue and engage each buyer persona?
Once you know your position in the market, the marketing team needs to develop the value propositions that support that. The value propositions flip the positioning statement from your point of view to the customers. Then the messaging gets built from there.Â
Every point made has to help the customer recognize that you understand their need and can solve it. It all has to be stated from their perspective in what they receive, not what you sell.Â
Without this, your salespeople send messages all about your company and product, which are considered spam and an instant DELETE.Â
Check your inbox; Iâm sure you have dozens of these emails from people trying to sell you something.Â
Instead, the messages sent should intrigue the buyer. Those writing the messages need to think like Netflix producers and write messages that are âBinge-worthy, not cringe-worthy.â
To write a good value proposition, start with the answers to these two questions:
The right messaging will provide your sellers with needed conversations. They canât sell anything unless they have sales conversations, and this is what most salespeople are lacking these days.Â
What support can sales depend on from every department in the company?
Even with the answers to all of the above questions, your sales team will still be unsuccessful if they do not have buy-in from every department in the company. Many companies have at least one sales prevention department. It could be a production department that canât fulfill the orders that the reps sell or legal holding up contracts.Â
Remember, sales is not about the sellers; itâs about how the customer wants to buy. Thatâs why every department needs to rally around the customer and ensure there is an exceptional customer experience.Â
Every member of your company needs to understand the sales teamâs goals and how they are expected to achieve them. They canât reach them without the internal team or the customersâ attention. So how do your other departments support sales? What role do they play?
Remove the silos and have cross-functional discussions about the customerâs journey and how you can meet the customer where they are and who is best suited to do that, marketing, subject matter experts, customer success, sales?
Remember, the journey starts when they learn you can solve their problem and continues through the deal, and closes with them becoming a loyal customer.Â
Sales Strategy Doesnât Start with the Sales Number
As I said initially, sales strategy doesnât start with a sales numberâit ends with it. If your sales team only receives a number to hit, how will they be able to hit it? They will fail and get blamed for it when, in fact, that failure is on the leadership team. Set them up for success by building a winning sales strategy.
To learn more about the author, visit https://aliceheiman.com/
B2B Sales Coach
2y"Simply giving salespeople a larger quota and telling them to sell doesnât work. Your team may have figured that out by now." Great quote from the article Alice Heiman - it's a shame that it even has to be said, but it really, really does!
Helping Organisations achieve Better Outcomes by making Smarter Decisions | Executive Sales Leader Business Transformation Evangelist | Driving Customer Success | Digital Twin Specialist
2yGreat insights Alice . It's easy to come up with a number but to actually come up with an executable strategy plan is another.
President, Winalytics | Author, The Revenue Acceleration Playbook
2yLove this Alice Heiman. To be successful in sales we have often have to "slow down to speed up", activity for its own sake rarely works! "Sales strategy doesn't start with a sales number -- it ends with it" is a really clever way to capture that!
| Trusted Advisor | President- Elect | Zero Trust Architecture | Kind and Funny (self-reported)
2yThis is a fantastic read, clearly laid out and actionable. As a sales leader I want every leader that has a sales dept as a direct report to read this. (and then hash out the real strategic number supported by research together) thank you Alice Heiman