If you found a surefire way to make your company grow, you would have to consider the ROI potential of the program, initiative, solution, right?
Well, I did a little digging today with a couple of clients to find recent ROI success stories. The results were surprising. I’ll share a couple of experiences here:
We did a round of win loss analysis with Primary Intelligence. The process included interviews with our newly won accounts and lost prospects from the past 6 months. Primary Intelligence provided us with individual opportunity profiles for each sales engagement.
After we (sales leadership) received the profiles, we identified the 10 biggest losses (based on opportunity size). We reviewed the feedback, needs and perceptions that caused the prospect to choose our competitor. Then, we created a plan to reengage each of those 10 lost prospects. Since this was our first attempt at a formal post-sales reengagement, we didnt have any expectations of success. We just wanted to see what was possible.
So far, based on the intelligence we received, we have won 3 of those 10 losses. These were multi-million dollar accounts that potentially stretch out over long-term
This is just one way we are using our Sales Intelligence provided by Primary Intelligence. The ROI potential of this sales intelligence is mind-boggling.
A second client of Primary Intelligence described their ROI experience in this manner:
When we perform win loss analysis with Primary Intelligence, we provide PI with a list of our recent wins and losses. These sales opportunities are pulled from our SFA and are based on the best information that our sales reps have.
Primary Intelligence calls through the list of opportunities, setting up appointments for interviews and weeding out opportunities that don’t qualify for analysis. While engaged in this activity, PI regularly finds a few opportunities that were categorized by our company as losses, but are still in consideration. These opportunities may be lukewarm to very warm, but they are not dead.
PI immediately calls us to let us know when they have discovered a nugget, or a potential opportunity that needs immediate attention. We send that information directly back to the sales rep and our conversion rates in these instances is surprisingly high.
We more than pay for our entire sales intelligence effort based on these nuggets alone. The strategic and tactical data we use to create new business is actually just frosting on the cake after you consider the revenue that PI creates for us.
Primary Intelligence provides data and consulting to help companies in over 45 industries create strategic and tactical improvement. Our work extends from the executive boardroom to sales, marketing and product leadership and down to each individual sales rep. We have a methodology to improve the performance of the most key departments in your company.
If you would like to know a little more about these experiences or specific information about the companies that have achieved these results, call me. (801-838-9600 x5050, [email protected])