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This post is written for CEO’s who need to increase demand for their products. Demandgeneration is the science of stimulating latent demand. A definition of latent demand is a prospect is unaware of a problem. You need an org chart, headcount plan, compensation plans , and role descriptions for this department.
For new customers, build it into the DemandGeneration phase. compensation, personal promotion, and job security). Build the job aid into specific points of your Sales Process. For existing customers, make it a part of the Account Management phase of the Buyer Process. You can’t specifically prepare for these. External Pressure.
Compensation Planning. DemandGeneration and Lead Management. Your 2014 revenue number is already on the line. Let’s look at a few other areas you must strategically evaluate before Independence Day. For a more complete list, download the Thought Leadership Guide to Next Year. It makes no sense.
For example, you may recognize that you have a massive demandgeneration problem. Fixing the compensation plan first was incorrect. There are three dimensions across which you should assess potential initiatives: Level of Effort. Probability of Success. Possible Return. You may have developed a plan to close the gap.
The biggest drivers include: Changes to compensation payouts. Content creation & demandgeneration. The merit increase is nearly meaningless as a behavior modifier. For sales people, it is dwarfed by the impact of changes that dramatically impact income. Changes to Territory coverage. New products added to the portfolio.
Start at the highest level and work your way down to make sure that both you and your CMO get to enjoy this success: Productivity Costs (DemandGeneration, Lead Management, Training, Sales Ops). Sales Cost (Sales and Marketing Compensation). Management Cost (People). The example illustrates the use of an independent benchmark.
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