I read a quote the other day attributed to Sirius Decisions, the sales research organization. It stated, “71% of sales leaders attribute difficulty in revenue growth to the lack of ability of their sales people to connect their solutions to the business issues of their customers.”
If you’re in the 71% struggling to get over the goal line, there’s good news and bad news. The bad news is that sales training doesn’t solve the problem – as if that’s news to you. The good news is that Selling Forensics can.
Selling Forensics is the science of examining the work product produced by your sales team. Work products are the distinct communication vehicles developed and delivered to the customer during the sales process. They include presentations, email confirmations, proposals and the like. Just like fingerprints can reveal who was at the scene of a crime, the work product captures the customer conversation of your sales team for each individual account opportunity, revealing insight into the selling mechanics of the sales person or the entire team if taken in whole.
However, the interesting aspect is that just observing work products can produce positive results. In applied physics, there’s a principle that comes into play whenever anything is measured. It’s called invasive testing, where the test itself can alter the results. For example, consider a scientist trying to measure the temperature of a liquid in a vat. Placing a thermometer into the solution can actually change the temperature of the liquid. If the thermometer is colder than the solution, when inserted it robs some of the energy of the liquid as predicted by the second law of thermodynamics, producing a different reading than the temperature of the liquid prior to measurement.
When a sales leader initiates a work product review, the work product will change. Instead of the laws of thermodynamics, I call this the laws of selling. They are:
- The energy exhibited by a sales person is equal to the amount of energy need to just barely get the job done plus the level of oversight on the activity. To improve a sales effort, oversight has to be applied.
- When two closed systems come in contact, a buyer’s organization and a seller’s organization, the resulting entropy is equal to the quality of communication exchanged between the two. Buyers are more motivated to change if the seller connects their solution to the buyer’s business issues and challenges.
- The entropy of a minimum selling effort is zero if the buyer doesn’t recognize a reason to change. This is why so many sales organizations have 40-60% no decision outcomes. Minimum selling efforts will result in fewer buying decisions.
All kidding aside, inspecting work product and identifying short falls will improve the work product, the quality of communication and ultimately the number of buying decisions made in your favor.
Years ago, a software company called Cadence Design Systems was undergoing a sales transformation. As part of the transformation a decree was made that no proposals could be submitted to a customer until it was inspected and passed the test for three criteria: the business issues of the customer were identified, the underlying people, process and technology problems were reiterated, and the impact of the customer taking or not taking action was cited. The thought was that while the sales person may not be able to access the decision maker, the proposal probably could. They wanted the proposal to sell for them in their absence.
At the beginning of this initiative, almost all proposals failed the test. By day 60, almost all proposals passed the test. The testing itself changed the outcome of the test. But even better, their average contract value (ACV) increased 38% in just 90 days. They didn’t just close more deals, they closed bigger deals as well.
On a side note, you can imagine the number of conversations this caused that went like this: “My boss won’t let me submit a proposal until I get three questions answered that I forgot to ask. Accompanied by the reply, “ok, what do you need to know?”
If you’re one of those sales leaders that could benefit from your team’s ability to connect the customer’s business issues to your solution, then I recommend an initiative to test your work product. Ultimately, the proposal is the final communication that either captures the compelling reason to change, or demonstrates a minimum selling effort with a price quote wrapped in a gracious thank you.
Your inspection should include evidence of:
- The current business issues identified and confirmed with the customer.
- The top three to five underlying challenges or problems that you can solve better than other solutions.
- The impact of making the decision in their terms, not yours. We’re trying to cite their metrics for achievement, not ours reflecting other customer successes.
I’ve implemented this Selling Forensics initiative at a variety of companies and the result is always the same: average contract values improve and no decision outcomes decrease.
Kevin Temple guides sales teams to be more agile and improve revenue outcomes. He can be contacted at email@example.com. The Enterprise Selling Group is a leader in delivering training, coaching and project oversight to improve the agility of sales teams around the world.
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