June, 2024

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How to Motivate Your Sales Team

Anthony Cole Training

Most sales managers say that one of their greatest challenges is their ability to motivate and set goals for their salespeople. If a sales manager can figure out what makes their people “tick,” they can better help them hit their goal numbers. Sales motivation seems like hard work because salespeople often value different things. There are, however, several steps a sales manager can take to establish a motivating environment.

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Best Way to Open a Closing Call

Mr. Inside Sales

Want the best way to open your closing presentations? Some reps have an entire presentation planned in advance, and then they launch into it, only latter getting to questions and comments. I used to do it that way, until I found that if I got to initial questions or comments (and yes, even objections!) first, I could save myself A LOT of time and energy.

Closing 255
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3 Keys to Increase Customer Acquisition & Deposit Growth

Anthony Cole Training

Working with community banks across the country, we understand that now is an important time to have the right people in the right place, asking the right questions, to address the flow of deposits. In this high interest rate environment, consumers are moving excess amounts from checking accounts to higher yielding CDs and alternative products. This presents problems and opportunities for every bank.

Banking 248
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Four Great Uses for Generative AI in Complex Sales

Membrain

A couple of weeks ago, I wrote about what AI is and what it’s not. This area of technology is constantly evolving and still fairly fresh, but it’s been out long enough, and there’s a body of research emerging such that we can begin to understand and implement it in ways that are practical and appropriate beyond the initial flush of excitement.

Research 145
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The Trends You Need to Succeed This Holiday Season

October Prime Day is usually an early sign of how consumer spending trends ahead of the holidays. This one was no exception. Our October Prime Day Report breaks down what’s working: the products flying off the shelves, the categories winning big, big brands, and the search terms defining demand. All brought to you via Similarweb’s Shopper Intelligence platform.

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Is Your Sales Team Operating at Just Half Their Potential?

SBI Growth

Based on SBI’s observations, most Sales teams operate at just half of their potential—and yours could be one of them. Data from our Q1 2024 CEO Survey found a significant gap in the percentage of CEOs who deemed talent factors critical to their value creation goals compared to their level of confidence in the ability of their commercial talent to deliver on those goals.

Survey 194

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Accelerating Sales with AI: Transforming the Sales Process

SBI Growth

In addition to uncertain economic conditions, the rise in the number of stakeholders and the complexity of buying decisions have introduced new challenges and friction for sales professionals. According to SBI’s recent research report, " Revive Commercial Productivity by Easing Buying Friction, " overcoming this buyer friction requires sellers to demonstrate their organization’s ability to understand and evolve with buyers as their conditions change.

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Assumptive Questions: The Quick Way to Improve Your Selling Skills

Mr. Inside Sales

If you would like to instantly improve your selling skills—and so your open and close rate—you can do so by taking just a few minutes to complete the following exercise (don’t worry, it’s easy and fun!). What you’ll do is make a list of all the common closed ended questions you ask, and then turn them into assumptive questions instead! I’ll get you started: For the Gatekeeper: Closed ended: “Is _ available?

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Sales Data Insights: Understanding Pull-Through Rate

Anthony Cole Training

In our business, one of the greatest sales challenges that most companies face is how to properly gain insight from the data. Some companies chase a bunch of data without any regard for the story that the data tells. Others struggle when they launch sales coaching without any data at all. One “must-have” sales data insight that all companies should understand is the “pull-through rate.

Data 216
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Incentivize Your Sales Reps to Pursue Higher Quality Deals

SBI Growth

Most companies fail to realize that they could be generating an uplift of two to five percent from every sales rep just by adjusting their compensation plan to focus on incentivizing the right behaviors , which—spoiler alert—many companies do not.

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AI Strategies for Sales Managers: How to Cut Down on Tedious Admin Work

What if you could help your sellers stop wasting 72% of their day on non-selling activities and focus on bringing in revenue? Incorporating AI in your enablement workflows can help you cut down on busy work, get projects done faster, and let your team (and you!) focus on making a bigger impact. We put together this guide to show you how to use AI to cut time and costs for projects, including collateral creation, development of training videos, and automating tedious processes.

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Leveraging Leadership Skills and Collaboration to Drive Marketing Success

Sales and Marketing Management

Leveraging your leadership skills effectively can empower your B2B marketing team and help you connect with prospective clients The post Leveraging Leadership Skills and Collaboration to Drive Marketing Success appeared first on Sales & Marketing Management.

Marketing 296
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3 Fail Proof Ways To Embrace Deliberate Disruption

Bernadette McClelland

3 Fail Proof Ways To Embrace Deliberate Disruption Deliberate Disruption This time last year in New York City, I realised a dream and launched my last book, “Shift and Disrupt: Stop Selling Widgets. Start Selling Wisdom,” and I could not have been more proud of the book and the feedback. The feedback focussed on the need for salespeople to have more deeper conversations with buyers and of course one aspect is the need for all of us to address the internal stories we all tell ourselve

Lead Rank 195
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Cold email template (with AI help)

Sales 2.0

How do you best approach someone if you don’t have any connections? It’s far from ideal, and you will have a much better hit rate with a “ social calling ” approach, but sometimes “it is what it is” and you must go in cold. Most people I know will opt for an email as the first attempt to reach somebody. I get it. Emails are free and you don’t get the same mental battering as having the phone hung up on you.

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Best Way to Spend the Fourth of July

Mr. Inside Sales

Happy Fourth of July! If you’re looking forward to an extended holiday and want to know the best way to spend it, then I’ve got a suggestion: Why not spend some of it learning and getting better at your craft of sales? Why not come back to the office after the holiday better than you left it? Better than the other sales reps competing with you? Years ago, I made a commitment to be one of the best reps in my company, to make more money than I ever had before, and to make my job easier and enjoy i

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Buyer’s Guide: 5 Tough Questions To Ask a Salesforce Managed Services Provider

This guide is for leaders who recognize the importance of Salesforce but would rather trust a team of external experts to do the heavy lifting. Choosing the right managed services provider is a significant decision that impacts your business's efficiency and success. In this 10-minute read, you'll find 5 essential questions to ask any potential provider.

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Why Your Salespeople are Not Selling as Expected

Anthony Cole Training

Some of your salespeople are selling as expected… and some of them are not. If we buy into the theories of Italian economist, Pareto, then we buy into the concept that 80% of the effects come from 20% of the causes. This application of Pareto Principle can help to answer the question: Why Are Your Sales People Not Selling as Expected?

Sales 216
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Why White Space Analysis is Critical to Account Growth

SBI Growth

Boost revenue by using white space analysis to identify unmet demand in existing accounts. Selling to current customers has a 60-70% success rate.

Analysis 194
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5 Best Practices for Building a Cybersecure Sales Force

Sales and Marketing Management

Sales data is among the most important to secure from cyber attacks. Sales managers and their team members have important roles in safeguarding businesses and stakeholder relationships. The post 5 Best Practices for Building a Cybersecure Sales Force appeared first on Sales & Marketing Management.

Data 295
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Stop the Dysfunction in the Sales Function

Understanding the Sales Force

On Father’s Day I found myself thinking about how our son has grown from a little boy to a 22-year-old man. Back then, he was in awe: Of how strong I was; but now he is significantly stronger than me and does the heavy lifting Of how hard and far I could throw a baseball; but now he throws it three times further than I can and at twice the speed O how I knew everything; but now he knows more about more topics than I can fathom About my ability to easily navigate lane switches, turns and p

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Beyond the Basics: How to Develop and Retain a Top-Performing Sales Team

Speaker: Brendan Sweeney, VP of Sales at Allego

Maximizing sales rep performance is no easy task. 📈 Traditional sales training methods focus heavily on the first few weeks in the sales role. Companies dedicate time, resources, and budget to onboarding new hires, only for them to forget what was learned in those first few weeks, lose motivation, and struggle to come to grips with their role.

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E-Commerce Tips for Branding and Business Growth

Smooth Sale

Photo by Geralt via Pixabay Attract the Right Job or Clientele: E-Commerce Tips for Branding and Business Growth For firms hoping to succeed in 2024, being ahead of the curve will be essential as the e-commerce landscape changes. Firms must implement creative approaches that adapt to their customers’ constantly shifting tastes to maintain their competitive edge and gain market share.

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Get Joanne’s Kindle Books for $1.99 Each [Plus, Referral Selling Insights]

No More Cold Calling

Here’s what you might have missed from No More Cold Calling so far this year. I founded No More Cold Calling in 2006, with a mission to show salespeople how powerful (and scalable) referrals can be, and to ensure no one ever had to cold call again. This month, in celebration of 28 years of referral selling, both my books are on Kindle for $1.99 each until July 4, 2024.

Referrals 156
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Leadership is The Key to Succeed

Steven Rosen

In markets where competition is fierce, and evolution is rapid, the demands on sales teams to not only meet but exceed expectations are greater than ever. While daunting, these challenges offer a unique opportunity to redefine leadership strategies that are crucial for staying ahead. Adopting a new leadership approach – specifically BOLD leadership – becomes essential as organizations experience significant shifts in structure, product lines, or leadership roles.

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How to Ease Buying Friction and Capture More Commercial Wins

SBI Growth

For commercial leaders looking to make 2024 their benchmark year, winning over buyers seems increasingly difficult. They’re not alone in thinking so: most CEOs we spoke to agree that external buyer factors are the biggest challenges to commercial productivity. They cite unpredictable changes that occur in the buying process, threatening to reset all buying progress.

How To 177
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How to Optimize Call Monitoring: Automate QA and Elevate Customer Experience

Speaker: Laura Noonan, Chief Revenue Officer at CallFinder + Angie Kronlage, Director of Program Success at Working Solutions + April Wiita, Vice President of Program Success at Working Solutions

Are you still manually reviewing calls? 🤔 It's time for a change! The traditional method of manual call monitoring is no longer cutting it in today's fast-paced call center environment. Industry experts Angie Kronlage and April Wiita from Working Solutions are here to explore the power of innovative automation to revolutionize outdated call review processes!

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Safeguarding Sales: Navigating the Security Landscape of Sales Automation

Sales and Marketing Management

Security and revenue intelligence are closely intertwined, and an effective security strategy is fundamental to the success of revenue generation. The post Safeguarding Sales: Navigating the Security Landscape of Sales Automation appeared first on Sales & Marketing Management.

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Being Present

Partners in Excellence

This is one of those knee jerk reaction posts. Two things happened in the past few days. I attended a conference. I was sitting toward the back of the room, there were about 100 people arrayed around tables watching the speaker. The speaker was a noted expert in the subject area. People had paid a lot of money just to hear that speaker (over $1K). As I looked around the audience, few eyes were on the speaker.

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10 Reasons Why You Can’t Outsell an Incumbent

Understanding the Sales Force

It seems that nearly every time we (and our friends and colleagues) do business with a company, there is a problem and we must contact customer service. It always seems to go bad, as reps are unable to handle the simplest of issues, don’t care, display no common sense, behave with incompetence and struggle to when forced off the script. My personal list of recent grievances includes: Home Depot (finally resolved when I contacted the C Suite) StubHub (unresolved and I gave up) Ferrari Poo

Banking 149
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How to Write Effective AI Prompts for B2B Sales

Force Management

Whether you’re a sales leader, manager, or seller, we’ve all been hearing a lot about the potential of AI for sales. You may already be incorporating some AI-powered tools in your sales stack. Like any new technology, generative AI tools require a learning curve to be most effective. Generative AI tools like ChatGPT, Microsoft Copilot, Google Gemini or Claude in particular can give very different quality outputs depending on the input they’re given.

Microsoft 132
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Secrets of a Successful Sale: Optimizing Your Checkout Process

Speaker: David Nisbet, Everett Zufelt, and Michaela Weber

Once upon a time, in the vast realm of online commerce, there lived a humble checkout button overlooked by many. Yet, within its humble click lay the power to transform a mere visitor into a loyal customer. 🧐 💡 Getting checkout right can mark the difference between a successful sale and an abandoned cart, yet many businesses fail to make payments a part of their commerce strategy even when it has a direct impact on revenue.

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What is Sales Acceleration and Why Does it Matter?

Zoominfo

Tried everything to optimize your sales processes but still need new ways to drive growth? We have one simple phrase to add to the mix: sales acceleration. With a high-quality sales acceleration formula, you’ll develop a more skilled sales team, greatly refine your sales processes, and modernize and automate your sales tools. The result? Speedier sales and rapid revenue growth.

Lead Rank 130
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How to Build a Sustainable and Resilient Business Model

SBI Growth

Amidst pressure from the board and an increasingly volatile market, many CEOs today make the mistake of pursuing growth at all costs when they should be building a resilient and sustainable go-to-market (GTM) model for their business instead. The key to success? Find the right balance between growth and profitability, then build up the talent to drive sustainable revenue streams.

How To 177
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Stretch Your Incentive Budget with Channel Partner Co-Sponsorship

Sales and Marketing Management

Co-sponsoring an incentive program with a channel partner not only distributes the financial load but also enhances the program’s impact. The post Stretch Your Incentive Budget with Channel Partner Co-Sponsorship appeared first on Sales & Marketing Management.