Sales Enablement is booming ● According to a CSO Insights Survey, 59% of the respondents had a dedicated enablement function. That number is up from only 19% in 2013 ● Over $66B is spent annually on sales training and sales enablement technology in an attempt to support sales reps. (Hubspot)
But there’s a disconnect. ● 77% of survey respondents say salespeople don't understand their company's value to prospects (Source: CSO Insights) ● 71% of sales reps say they don't have enough knowledge to move deals forward (Source: TOPO) ● Only 58% of sales reps are making quota (Source: CSO Insights)
Sales enablement is a strategic, ongoing process that equips all client-facing employees with the ability to consistently and systematically have a valuable conversation.
The power of conversations ● Salespeople spend just one-third of their day actually talking to prospects. ● 41.2% of buyers say the phone is the most effective sales tool. Yet... ● 85% of prospects and customers are dissatisfied with their on-the-phone experience
What’s changed? 2009 ● Desktop is king ● We adapted rep behavior to fit software design ● Ship code every quarter ● Sellers use content to educate buyers ● Web browser king ● Software adapts its design to fit rep behavior ● Ship code every week ● Buyers 60% down the buyer’s journey by the time they talk to you 2019
Measuring Conversational Success ● Cohort analysis is critical ● Time to second deal ● Deal velocity ● Number of calls held per closed-won opportunity ● Scorecard sales calls using conversational intelligence
What’s next for enablement? 1. The rise of the customer facing teams and enablement opportunity 2. Conversational tools to help drive rep productivity “in-the-moment” 3. The role of real-time knowledge for “just-in-time” enablement”