15 min
Sales Force Optimization: The Secret to Long-Term Selling Success Selling Made Simple And Salesman Podcast
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- Management
You have a good sales process in place. Prospecting, lead qualification, closing deals… everything is clearly laid out, and your sales team follows it to the T.
You're doing well, but you know they can get more prospects and win more deals—they can be more.
So what's the issue? Where's the loophole?
It's your sales process—or more specifically, it's your stagnant sales process.
You cannot just “set and forget” your sales process. You have to update it regularly according to your customers' changing requirements and preferences.
This is where sales force optimization comes into the picture.
Sales force optimization ensures your sales process stays dynamic. It involves figuring out what's working and what isn't with your current sales strategy and then fine-tuning your sales process to win more long-term customers.
What Is Sales Optimization?
To create a world-class sales organization, you need three things:
* The right people on the right jobs in the right territory
* Lean and effective sales and sales management processes
* Regular sales training to polish and update selling skills
Sales optimization involves improving and refining all the above three factors. It's the process of helping you maximize sales performance and increase close rates.
You analyze past customer interactions and sales data and then use the insights to sell more effectively and manage future sales incentives.
Sales Force Optimization Case Study: TAMI
TAMI (formerly known as SalesOptimize) hired Simon Drew as the sales manager to scale their sales function.
Upon auditing the sales process, Simon quickly identified the company's biggest challenge: finding quality prospects and opportunities. While TAMI's sales team had an endless list of contacts to target, they didn't know how to process them. In addition, reps were also having a hard time handling a large volume of prospects.
Simon decided to build a team of business development reps, who would carry out all sales functions. This included prospecting, sending follow-ups, demoing, sending proposal follow-ups, negotiating… the whole shebang.
Simon and his team then realized the workflow was still manual, inefficient, and clunky. It's why they decided to introduce a sales engagement solution into their system to streamline workflows and reduce sales tech stack costs.
The result? TAMI's reps are currently executing 3,400-4,900 activities each month, 5x the original 1,000-1,400 activities. Also, the productivity skyrocketed to more than 300%!
Modifying and refining your workflows can optimize your sales process—just like how it helped Simon and his team.
6 Strategies to Optimize Sales Process
Examining sales processes, sales culture, and establishing an effective communication strategy is an excellent place to start optimizing your sales performance.
There are six steps to increase sales force optimization:
* Building ICP
* Defining Goals
* Fine-Tuning Sales Pipeline
* Analyzing Sales Data
* Automating Sales
* Reducing Churn Rate
Read on as we cover the six best strategies to help you implement effective sales force optimization.
#1 Build an Ideal Customer Profile
Building an ideal customer profile or buyer persona is critical for effective prospecting. This way, you can get past demographics and dive deeper into buying behaviors and emotional characteristics, such as:
* Buying patterns
* Likes and dislikes
* Motivating factors behind purchase decisions
* a href="https://salesman.
You have a good sales process in place. Prospecting, lead qualification, closing deals… everything is clearly laid out, and your sales team follows it to the T.
You're doing well, but you know they can get more prospects and win more deals—they can be more.
So what's the issue? Where's the loophole?
It's your sales process—or more specifically, it's your stagnant sales process.
You cannot just “set and forget” your sales process. You have to update it regularly according to your customers' changing requirements and preferences.
This is where sales force optimization comes into the picture.
Sales force optimization ensures your sales process stays dynamic. It involves figuring out what's working and what isn't with your current sales strategy and then fine-tuning your sales process to win more long-term customers.
What Is Sales Optimization?
To create a world-class sales organization, you need three things:
* The right people on the right jobs in the right territory
* Lean and effective sales and sales management processes
* Regular sales training to polish and update selling skills
Sales optimization involves improving and refining all the above three factors. It's the process of helping you maximize sales performance and increase close rates.
You analyze past customer interactions and sales data and then use the insights to sell more effectively and manage future sales incentives.
Sales Force Optimization Case Study: TAMI
TAMI (formerly known as SalesOptimize) hired Simon Drew as the sales manager to scale their sales function.
Upon auditing the sales process, Simon quickly identified the company's biggest challenge: finding quality prospects and opportunities. While TAMI's sales team had an endless list of contacts to target, they didn't know how to process them. In addition, reps were also having a hard time handling a large volume of prospects.
Simon decided to build a team of business development reps, who would carry out all sales functions. This included prospecting, sending follow-ups, demoing, sending proposal follow-ups, negotiating… the whole shebang.
Simon and his team then realized the workflow was still manual, inefficient, and clunky. It's why they decided to introduce a sales engagement solution into their system to streamline workflows and reduce sales tech stack costs.
The result? TAMI's reps are currently executing 3,400-4,900 activities each month, 5x the original 1,000-1,400 activities. Also, the productivity skyrocketed to more than 300%!
Modifying and refining your workflows can optimize your sales process—just like how it helped Simon and his team.
6 Strategies to Optimize Sales Process
Examining sales processes, sales culture, and establishing an effective communication strategy is an excellent place to start optimizing your sales performance.
There are six steps to increase sales force optimization:
* Building ICP
* Defining Goals
* Fine-Tuning Sales Pipeline
* Analyzing Sales Data
* Automating Sales
* Reducing Churn Rate
Read on as we cover the six best strategies to help you implement effective sales force optimization.
#1 Build an Ideal Customer Profile
Building an ideal customer profile or buyer persona is critical for effective prospecting. This way, you can get past demographics and dive deeper into buying behaviors and emotional characteristics, such as:
* Buying patterns
* Likes and dislikes
* Motivating factors behind purchase decisions
* a href="https://salesman.
15 min