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4 WAY S T H E B E S T S A L E S T E A M S B E AT T H E M A R K E T
By Daniel Birke, David Sprengel, Jochen Ulrich, Michael Viertler
Mansi Kulkarni 14020241033 Div A MBA IB (2014-16)
THE CURRENT MARKET
Sales leaders must rethink how they source leads, manage pipelines, and sell more effectively
Customers today use an average of six channels during the buying
process Number of channels available to them is only increasing Emergence of Digital channels Most B2B purchases are done digitally Competition is increasing
HOW SALES TEAMS ACHIEVE
THE SUCCESS
They measure sales ROI differently
Measure sales cost against gross margin or profit (EBIT) A strong quality instead of quantity focus on their highest-performing partners They keep sales costs low The best of them keep their costs lower than their peers do They also invest in processes and training that cut costs They free up their salespeople for selling Front lines sales reps are three times more productive than their peers They also need to have a look at their sales support systems automate, streamline, delegate, Close They use as many channels as they can Sell across multiple channels and achieve more than 40% higher sales ROI than companies wedded to a single channel model Recognizing that not every channel is optimal for every product
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