<ol><li>“Hire the same successful salesperson every time.” (The Sales Hiring Formula)</li><li>“Train every salesperson in the same way.” (The Sales Training Formula)</li><li>“Hold our salespeople accountable to the same sales process.” (The Sales Management Formula)</li><li>“Provide our salespeople with the same quality and quantity of leads every month.” (The Demand Generation Formula)</li></ol>

The four components of making sales scalable

Marketing and sales can measure their performance and hold each other accountable. <ul><li>Marketing teams should define how many leads in each buyer persona they are passing on to sales and should be able to calculate the implied value.</li><li>The sales team must decide how to follow up with each lead and work toward the conversion goal.</li></ul>

Marketing and Sales Service Level Agreement (SLA)

<ul><li>Find quality passive sales candidates on LinkedIn. Use filters to improve search results, such as Zip code, job title, school, company. Screen the search results using the candidate’s LinkedIn Profile. Look at longevity at their employers, alignment between the prospect’s current buyer context and our buyer context, school and major, quality of the LinkedIn profile.</li><li>Engage with the prescreened candidates.</li><li>Understand the sales talent pool in your area. Find all the companies with inside sales teams in your area. Interview at least one person from each team.</li></ul>

How to find top-performing salespeople

Three elements of the sales methodology:<ul><li>The buyer journey: It increases the likelihood that the buyer’s need will remain centre during all aspects of the selling process. </li><li>Sales process: The sales team can step back and reflect on how to accelerate the buying journey.</li><li>Qualifying matrix: It defines the information you need from a potential buyer to understand if you can help the prospective buyer. Use the BANT matrix (Budget, Authority, Need, and Timing)</li></ul>

Sales training formula

<ol><li>Coachability: The ability to absorb and apply coaching.</li><li>Curiosity: Understanding a potential customer’s context through effective questioning and listening.</li><li>Prior Success: Does the candidate have a history of top performance or remarkable achievement?</li><li>Intelligence: The ability to learn complex concepts quickly and to easily communicate those concepts.</li><li>Work ethic: Pursuing the company mission with a high degree of energy and activity.</li></ol>

The five traits great salespeople have

Sales coaching is vital to drive sales productivity.<ul><li>Start with the buying journey. Look into examples of the questions buyers ask at each stage of the buying journey.</li><li>Add exams that focus on factual information, such as product knowledge and certifications to the training process.</li><li>When a hire is on the job for six months, ask him to complete a review of the sales training program. </li><li>Give salespeople an in-depth understanding of your buyer’s day-to-day existence.</li><li>Salespeople should take some time to engage in social media.</li></ul>

Create a training curriculum

Sales face unprecedented challenges for organisations and salespeople.  <ul><li>One reason is the massive increase in competition. The average company today has twice as many competitors as five years ago. </li><li>The other reason is that relying on innovation to beat competition has a diminishing window of opportunity. In previous years, innovation could give you a year or two advantage. Now, you’re lucky if you have a few months at most.</li></ul> That is why many leading companies focus on organic growth by using sales and marketing. However, the trick is how to pull it off successfully.

Sales is in a strategic spotlight

Metrics-driven sales coaching. Pick one skill at a time to focus on. Use metrics to find which skill will have the biggest impact on a salesperson’s performance.Motivate through sales compensation plans and contests. There are many ways you can develop your commission plan. However, it is best to let it evolve as your business grows. To keep salespeople motivated, run monthly contests.

The sales management formula

<ul><li>Create a theory of the ideal sales characteristics, then score every candidate for each characteristic on a scale of 1 to 10.</li><li>Define an evaluation strategy for each characteristic. Consider what behavioural questions to ask.</li><li>Score candidates against the ideal sales characteristics. For example, fill out the interview scorecards after each interview.</li><li>Learn and iterate on the model while engineering the sales hiring formula. Which characteristics do top performers have in common and will it predict success at your company?</li></ul>

The sales hiring formula

Convert from cold calling to inbound. To make this transition, salespeople should position themselves as thought leaders using blogs and social media. Once the leads come, do not send every lead to sales. Instead, create a buyer matrix to understand who is interested in your product and how they journey before purchasing. When you understand your buyer's journey, you can create a customised experience.

The demand generation formula

A useful book to figure out a framework for the sales process.

Use data, technology, and inbound selling to build a remarkable team and accelerate sales The Sales Acceleration Formula provides a scalable, predictable approach to growing revenue and building a winning sales team. Everyone wants to build the next $100 million business and author Mark Roberge has actually done it using a unique methodology that he shares with his readers. As an MIT alum with an engineering background, Roberge challenged the conventional methods of scaling sales utilizing the metrics-driven, process-oriented lens through which he was trained to see the world. In this book, he reveals his formulas for success. Readers will learn how to apply data, technology, and inbound selling to every aspect of accelerating sales, including hiring, training, managing, and generating demand. As SVP of Worldwide Sales and Services for software company HubSpot, Mark led hundreds of his employees to the acquisition and retention of the company's first 10,000 customers across more than 60 countries. This book outlines his approach and provides an action plan for others to replicate his success, including the following key elements: Hire the same successful salesperson every time — The Sales Hiring Formula Train every salesperson in the same manner — The Sales Training Formula Hold salespeople accountable to the same sales process — The Sales Management Formula Provide salespeople with the same quality and quantity of leads every month — The Demand Generation Formula Leverage technology to enable better buying for customers and faster selling for salespeople Business owners, sales executives, and investors are all looking to turn their brilliant ideas into the next $100 million revenue business. Often, the biggest challenge they face is the task of scaling sales. They crave a blueprint for success, but fail to find it because sales has traditionally been referred to as an art form, rather than a science. You can't major in sales in college. Many people question whether sales can even be taught. Executives and entrepreneurs are often left feeling helpless and hopeless. The Sales Acceleration Formula completely alters this paradigm. In today's digital world, in which every action is logged and masses of data sit at our fingertips, building a sales team no longer needs to be an art form. There is a process. Sales can be predictable. A formula does exist.

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Use data, technology, and inbound selling to build a remarkable team and accelerate sales The Sales Acceleration Formula provides a scalable, predictable approach to growing revenue and building a winning sales team. Everyone wants to build the next $100 million business and author Mark Roberge has actually done it using a unique methodology that he shares with his readers. As an MIT alum with an engineering background, Roberge challenged the conventional methods of scaling sales utilizing the metrics-driven, process-oriented lens through which he was trained to see the world. In this book, he reveals his formulas for success. Readers will learn how to apply data, technology, and inbound selling to every aspect of accelerating sales, including hiring, training, managing, and generating demand. As SVP of Worldwide Sales and Services for software company HubSpot, Mark led hundreds of his employees to the acquisition and retention of the company's first 10,000 customers across more than 60 countries. This book outlines his approach and provides an action plan for others to replicate his success, including the following key elements: <ul> <li>Hire the same successful salesperson every time — The Sales Hiring Formula</li> <li>Train every salesperson in the same manner — The Sales Training Formula</li> <li>Hold salespeople accountable to the same sales process — The Sales Management Formula</li> <li>Provide salespeople with the same quality and quantity of leads every month — The Demand Generation Formula</li> <li>Leverage technology to enable better buying for customers and faster selling for salespeople</li> </ul> Business owners, sales executives, and investors are all looking to turn their brilliant ideas into the next $100 million revenue business. Often, the biggest challenge they face is the task of scaling sales. They crave a blueprint for success, but fail to find it because sales has traditionally been referred to as an art form, rather than a science. You can't major in sales in college. Many people question whether sales can even be taught. Executives and entrepreneurs are often left feeling helpless and hopeless. The Sales Acceleration Formula completely alters this paradigm. In today's digital world, in which every action is logged and masses of data sit at our fingertips, building a sales team no longer needs to be an art form. There is a process. Sales can be predictable. A formula does exist.

The sales hiring formula

Similar ideas to The sales hiring formula

Phase II — Get Out Of The Building And Sell