intentional business development for local online publishers
DESCRIPTION
Slides from a presentation Eleanor Cippel of Coats 2 Coats gave at the LION Publishers 2015 Summit in Chicago Oct. 1-3.TRANSCRIPT
INTENTIONAL
BUSINESS DEVELOPMENT
Cold Calls
Needs Analysis
Proposals
Report
Campaign Iteration
Referrals
Prospect
Retain
©Intentional Seller Program / Cippel Consulting
Sales Activity
• Consistent
• Deliberate
• Urgent
• Focused
• Persistent
INTENTIONAL
©Intentional Seller Program / Cippel Consulting
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
Sales Activity Everyday
Monday Tuesday Wednesday Thursday Friday
8:00
In office
8-8:15
Sales training
8:15-9:30
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
Questions
©Intentional Seller Program / Cippel Consulting
Eleanor Cippel
Business, Marketing and Startup Consulting,
Organizational Development and Sales Training
865.712.3656
©Intentional Seller Program / Cippel Consulting