4 Components of a Repeatable Sales Process
Henry Ford is credited with creating production lines allowing cars to be built consistently regardless of the staff that assembled them. I’ve worked with consulting companies that wanted to “cookie cutter” engagements because repetition makes people more competent and efficient. It provides the added benefit of being able to identify and share best practices.
That said, many people feel sales calls are like snowflakes in that no two are identical. While calls are never identical, there are ways organizations can make them more consistent by defining parameters to provide context.
4 Components of a Repeatable Sales Process
1. One of the key components is creating sales ready messaging®.
- As sellers go higher in org charts, calls become more predictable, largely because the primary focus shifts from offerings/products to desired business outcomes.
- By leveraging the collective expertise of internal resources, vendors can identify the high-level titles sellers must call on to sell, fund and implement a given offering. Many sellers find it helpful to understand what titles they should target.
- Once titles have been identified, menus of business outcomes or goals can be created for each potential member of buying committees. Ideally the value of achieving the desired outcomes should exceed the cost of the offering. The start of buying cycles can now be defined as a particular title sharing one of more goals from the menus that were created.
- Each title/goal becomes a conversation sellers should be able to execute. To help them position offerings consistently, Sales and Marketing (and other departments with relevant input) can map only those features/capabilities that are relevant to a title achieving a specific goal.
- Once the features/capabilities have been defined, packets of diagnostic questions can be created for each capability. These questions allow sellers to uncover needs based upon buyer answers to diagnostic questions. Sellers can then offer only capabilities relevant to achieving the desired outcome. This approach allows sellers to clarify buyer needs and avoid discussing extraneous features/capabilities that would actually be distractions.
I’ve briefly described the process of creating sales ready messaging® to gain more consistent positioning of offerings.
Once messaging has been created, three other components are needed to facilitate consistent execution:
2. Sellers need a common set of skills.
The elephant in many offices when managers try coaching sellers is that they ask them to perform tasks they don’t know how to execute. This makes them likely to fail.
3. Milestones for different types of transactions should be defined.
The steps should vary based upon the size and complexity of offerings. One size does not fit all. Whenever possible, achievement of milestones (based upon sellers executing messaging) should be determined by buyer actions rather than seller opinions.
4. After executing sales ready messaging® prompters, sellers can embed answers to five debriefing questions in correspondence to buyers.
These letters or emails allow managers to ensure opportunities are qualified and grade the pipeline.
In order to have sales process defined milestones, consistent positioning of offerings, a standard skill set and the ability of managers to audit pipeline by reviewing correspondence with buyers are required. Sharing best practices can provide organizations sustainable competitive advantages.
How to Win at a Higher Price Report
Your chances of losing a sales deal are greater when you have the higher priced offering. But that isn’t always the case. Our research uncovered that in 25% of sales wins, buyers choose the more expensive solution. Why? Buyers say these higher priced winners provide the best value with minimum risk. Get the report to learn how you can win the sale without changing your price.
- Customer Success: How to Make CX a Strategic Priority at Your Organization
- Buyer Evaluation Process: What Every Sales & Marketing Leader Needs to Know
- Sales Insights: How to Respond to “Best and Final” Pricing Requests
- Win Loss Best Practice Series: Four Ways to Eliminate Bias in Your Win Loss Analysis Surveys
- How to Position Your Business to Win RFPs