intentional business development for local online publishers

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INTENTIONAL BUSINESS DEVELOPMENT Cold Calls Needs Analysis Proposals Report Campaign Iteration Referral s Prospect Retain ©Intentional Seller Program / Cippel Consulting

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Slides from a presentation Eleanor Cippel of Coats 2 Coats gave at the LION Publishers 2015 Summit in Chicago Oct. 1-3.

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Page 1: Intentional Business Development for Local Online Publishers

INTENTIONAL

BUSINESS DEVELOPMENT

Cold Calls

Needs Analysis

Proposals

Report

Campaign Iteration

Referrals

Prospect

Retain

©Intentional Seller Program / Cippel Consulting

Page 2: Intentional Business Development for Local Online Publishers

Sales Activity

• Consistent

• Deliberate

• Urgent

• Focused

• Persistent

INTENTIONAL

©Intentional Seller Program / Cippel Consulting

Page 3: Intentional Business Development for Local Online Publishers

Critical Sales Activities

New Business Development

• In-person/Telephone Prospecting

• Pre-call Planning

• Needs Analysis Meetings

• Idea Generation & Strategizing

• Presentations to Prospects

Account Development

• Current Client Calls

• Reporting/ follow up

• Campaign Iteration

• Creative Redesign, Swaps and Promotional Creative Strategy

• Presentations to Grow Revenue

• Referrals

Account Management

• Contact Management

• Procuring Testimonials

• Presentation Development

• Business/Industry Trends

• Networking

Top sellers make every minute of every day count.

©Intentional Seller Program / Cippel Consulting

Page 4: Intentional Business Development for Local Online Publishers

Sales Activity Everyday

Monday Tuesday Wednesday Thursday Friday

8:00

In office

8-8:15

Sales training

8:15-9:30

Email

Voice mail

CRM input

9:30-4:30

Field Calls- 3 sales calls

- 2 current client calls

- 10 cold calls

8:00

In office

8-8:15

Sales training

8:15-9:30

Email

Voice mail

CRM input

9:30-11:00

Power Hour

11:00-4:30

Field Calls- 3 sales calls

- 2 current client calls

- 10 cold calls

8:00

In office

8-8:15

Sales training

8:15-9:30

Email

Voice mail

CRM input

9:30-4:30

Field Calls- 3 sales calls

- 2 current client calls

- 10 cold calls

8:00

In office

8-8:15

Sales training

8:15-9:30

Email

Voice mail

CRM input

9:30-3:30

Field Calls- 3 sales calls

- 2 current client calls

- 10 cold calls

3:30-5:00

Power Hour

8:00

In office

8-8:15

Sales training

8:15-9:30

Email, VM, CRM

9:30-3:30

Field Calls- 3 sales calls

- 2 current client calls

- 10 cold calls

3:30-5:00

Sales Meeting- Cover the numbers

- Monthly projections

- Celebrate weekly wins

-Address any issues

10,3,2 = 10 Cold Calls, 3 Sales Calls , 2 Current Client Calls

©Intentional Seller Program / Cippel Consulting

Page 5: Intentional Business Development for Local Online Publishers

Simple Sales Activity Summary

10 cold call door knocks. Used to gather info, build your database makes the phone calls warm.

3 Sales calls per day in pursuit of business, needs analysis and proposal appointments

2 Current client calls a day (10 per week) quick follow up to report, iterate, check in on results and measure/manage expectations

3 Referrals per month

3 Testimonials per month

180 Dials a week - Selling the appointment

©Intentional Seller Program / Cippel Consulting

Page 6: Intentional Business Development for Local Online Publishers

Work the Activity Numbers

• 15 sales calls per week (3 a day)

• 20% average close rate

• 3 contracts/deals per week

• 4 weeks in a month

• 12 contracts a month

• Average or minimum contract amount of X$

• The result = High Impact Revenue Growth

©Intentional Seller Program / Cippel Consulting

Page 7: Intentional Business Development for Local Online Publishers

The Numbers

• 15 sales calls w/ 20% close rate

• 3 deals a week = 12 deals per month

• An average sale of $250 per month annualized = $3000 per year

• 12 deals per month at $3000 per yr. = $36,000 in gross contract value

• 12 months of consistent sales activity = $36,000 x 12 = $432,000 in

gross contract sales

• What does this really mean?

• Year 2 = $36,000 per month in actual recognized revenue!

©Intentional Seller Program / Cippel Consulting

Page 8: Intentional Business Development for Local Online Publishers

Reverse Engineer Commission Earnings

With Your Reps

• Help them see the path to earning $

• Ask them to determine their personal earnings goal for the

next 12 months

• Reverse engineer the number back based on commission

paid each month to determine what they have to sell to

get there

• Have them design their 100 day plan to take action and

get there

©Intentional Seller Program / Cippel Consulting

Page 9: Intentional Business Development for Local Online Publishers

Consistent Sales Activities

YOU - Set the expectation with sellers for full throttle sales

activity

YOU - Provide the structure and measurement for success

from the start

YOU - Set the structure for:

oPower Hour

oCold calls

oSales calls

oClient calls

oAdmin work

oTraining and Team time

Manage the numbers, Mange the numbers, Manage the

numbers!

©Intentional Seller Program / Cippel Consulting

Page 10: Intentional Business Development for Local Online Publishers

Track Interactions and Contacts

Customer relationship management is an approach to

managing a company’s interactions with current and future

customers

• Every contact matters

• Every touch point matters

©Intentional Seller Program / Cippel Consulting

Page 11: Intentional Business Development for Local Online Publishers

Tracking Interactions

• With customers, potential customers and contacts

• What happened on the call?

• When should you follow up?

• What are the action steps?

• Activity/history

• Appointments

• Proposals

• Meaningful phone calls

• Emails with sales intent

• Key notes, follow up actions, business relevant insight

©Intentional Seller Program / Cippel Consulting

Page 12: Intentional Business Development for Local Online Publishers

Without A system To Track

• When sales reps are asked how they manage business

contacts and revenue accounts for follow up, tracking and

renewal without a system the responses sound like:

• The info is in my notebook

• I just try and remember

• I put post it notes on my desk and my wall

• Sometimes I write it down, sometimes I remember it, sometimes I

set a reminder

• If I don’t call them they call me

©Intentional Seller Program / Cippel Consulting

Page 13: Intentional Business Development for Local Online Publishers

Insight Into Account Opportunities

• Account details

• Opportunity created date

• Projected close date

• Last activity/modified

• Type of revenue (new, ongoing,

reactivated, up-sell, political, seasonal,

house or trade)

• Products presented / closed

• Notes about the presentation, products,

schedule and fluctuation

©Intentional Seller Program / Cippel Consulting

Page 14: Intentional Business Development for Local Online Publishers

Pipeline and Forecasting • Revenue pipeline and forecast

• by period (month, quarter, yr)

• Revenue projection by month for up to 12 months

• Revenue fluctuations by season

©Intentional Seller Program / Cippel Consulting

Page 15: Intentional Business Development for Local Online Publishers

Lens Into Your Sales Operation

• Number of calls

• Number of appointments

• Number of proposals

• Who, what, where,how much

• How to coach

• How to help

• What is key to be involved in

• A sales pipeline takes 90

days to build - you have to

have a lens into your sales

activity and operation!!

©Intentional Seller Program / Cippel Consulting

Page 16: Intentional Business Development for Local Online Publishers

Revenue Insight Reporting

• Type of revenue • New business

• Upsold

• Renewed

• Contract

• One time

• Account retention

• Products purchased

• Products retained

• Products purchased together

• Products with highest retention rate

Most CRM systems offer the ability to build views or reports (exportable to excel or in CSV format) that can be filtered upon a variety of data inputs

©Intentional Seller Program / Cippel Consulting

Page 17: Intentional Business Development for Local Online Publishers

Questions

©Intentional Seller Program / Cippel Consulting

Page 18: Intentional Business Development for Local Online Publishers

Eleanor Cippel

Business, Marketing and Startup Consulting,

Organizational Development and Sales Training

865.712.3656

[email protected]

©Intentional Seller Program / Cippel Consulting