When I wrote my EBook: 50 Ugly Truths About Owning and Running Your Own Business…and 5 reasons why you should do it anyway I was responding to a number of misperceptions I was hearing from entrepreneurs. Historically, at any given time six out of ten US adults is thinking about starting their own business. A number of new entrepreneurs are emerging that I refer to as “necessity-preneurs “who were downsized and can not find new employment, are deciding to launch their own businesses as they want a much more active role in the security of their careers. The last group are cashing in their 401k and or borrowing from friends or family to buy an existing business and in a short amount of time realize they really just bought a job and they are quickly running out of cash.
Post Series: voice of customer
- 1.Fix Sales: Knowing Buyer’s Journey is like Creating a GPS for Your Sales Process
- 2.Fix Sales Problems With The Power in the “Voice of the Customer”
- 3.Leverage Customer Voice into “Explosive Sales Growth”
- 4.Who Owns the Voice of Your Market and Voice of Your Customer? ..Hint (not sales!)
- 5.Voice of Market Identifies “Roundabouts” in your Sales Process
- 6.Voice of the Market Identifies Key Buying Triggers
- 7.Increase Sales: Key Buying Seasons Surface in “Voice of Market” Work
- 8.“Voice of the Customer” Increases Profits…Lesson from a Christmas Ham
- 9.Voice of Customer Finds “Sales Secret Weapons”
- 10.Voice of Customer: Understanding the Entire Iceberg of Purchase Decisions Today
- 11.Improve Sales Productivity With Voice of the Customer Research
- 12.What is The Biggest Threat to Customer Voice Research? (It may surprise you!)
- 13.Give Salespeople More Time to Sell With Voice of The Customer Research
- 14.Customer Voice Research Identifies Content Buyers Need Today
- 15.Identify Purchase Influencers with VOC
- 16.The End Of The Greatest Show On Earth and What We Can Learn About Training
- 17.Voice of Customer Identifies New Markets and New Product Applications
- 18.17 Benefits Of Voice Of Customer
In my recent post I shared that capturing the current voice of your customers has many benefits as listed below. One of those benefits is improved sales efficiency. In this post I will share how understanding the current voice of your customers reduces non-selling time for your salespeople and gives them more time to sell.
Capturing the current voice of your customers has many benefits as I shared in a guest post recently.
- Increased sales
- Increased Profits
- Increase in market share
- Improved sales close rate %’s
- Identify new product needs
- Improved operational efficiencies
- Increase in current customer sales
- Increase in new customer sales
- Strong overall buying experience for your customers
One side benefit I failed to share is customer voice work reduces non-selling activity for your salespeople freeing more time to do what you pay them to do…sell.
With the various Internet tools and social networks there is no excuse for a salesperson not to be prepared for a sales call with a current or potential new customer, and your salespeople know this.
When you study what salespeople do with their time as I do, I would argue all of the social networks and Internet search capabilities actually hinders their sales performance. It’s human nature to feel overwhelmed when we have too many options. In my experience salespeople are spending way too much time searching for information your company should already have.
In a recent report the authors shared the average salesperson spends approximately 30% of their time selling today. I have helped teams where I observed sales was spending less than 15% of their time in what would consider sales activity so I guess this report did not surprise me…but it was still disturbing.
What was the next time allocation? The next one surprised me in a way and confirmed my fears at the same time.
Salespeople today spend 30% of their time search for and or creating content to help them sell. (As much time as they spend selling)
Is that really how you want your sales teams spending time? …Yah, I didn’t think so.
I am a huge believer in sales having prep time before making a sales call. As leaders I see this as an opportunity to serve our salespeople and help them become more effective and efficient.
My what if questions are …
What if you had a repeatable sales process that mirrored the buyer journey your buyers take today?
What if your company had a content library, a library of tools, your sales teams knew how to find, and you trained them when and where to use those tools based on your customer voice research?
What if you clearly understood common problems your customers and prospects like your customers had today?
What impact would it have on your sales if your salespeople spent 15%-25% more time selling?
When my family moved back to Ohio from Arizona (yes on purpose) we found a beautiful older home built back the 1970’s. It has as the TV shows say “great curb appeal” but the inside was dated. Back in the 1970’s dark oak wood must have been the main design feature. Over the past couple of years we have been slowly bringing the interior of our home up to date. We took our dark oak kitchen and painted it white. We painted all the woodwork white.
I saved the painting jobs that take a lot of time for last like our stairway spindles. Anyone who has done painting will tell you just like sales the most important part of painting is prepping the area to be painted.
I had put this stairway off too long so imagine my surprise when I returned home from meetings to find my wife prepped the stairway as the picture above illustrates. A project that probably would have taken me 4-5 hours I now completed in two hours!
This reminded me how market-leading team’s work as a team. Sales sells and marketing owns understanding the voice of the customer and how buyers buy today.
What if marketing did the sales prep work through voice of the customer research and created the needed sales tools for your team?
What if your research shared how your buyers buy today and the criteria they must have to buy?
What if your salespeople where trained in a repeatable sales processes that helped buyers buy?
When conducting voice of the customer research you want to answer the following questions:
Why do buyers buy from your company?
Why don’t buyers buy from your company?
What does the buying journey look like today?
What criteria must you buyers have today to make a purchase?
In addition you are listening for common roundabouts as I call them where a sale stalls and or spins away from you. Each roundabout is a place you need a new sales tool.
Once you have completed your customer voice work I highly recommend you adjust your repeatable sales process to mirror how your buyers want to buy.
Create a digital library of sales tools based on what buyers told you in your research.
Train your teams to use the new sales process and where to find the tools quickly.
Monitor and coach salespeople to insure the new sales process and tools stick.
Salespeople will still need to do some research and prep prior to the sales call but you will increase selling time between 15%-25%.
What would your sales results look like if your team spent 45%-55% of their time selling?