Monday, June 29, 2020

What Is Sales Enablement

If you're anything like me, when you see a new business or marketing vocabulary word, you skim over it and make a few assumptions based on context for what it means. I recently learned how this habit is not only holding me back, but my business ventures as well. Related: How to create engaging assets for your sales team The term that got me? Sales enablement. This concept is fairly new and has been trending in the sales industry for a few years, but what does it mean and how is it implemented? In this guide, I will explain what sales enablement is and how you can incorporate it into your company’s sales process. What is sales enablement? When I first saw this phrase, I interpreted it to mean 'the act of enabling sales.' Real deep, I know. Then I actually did the due diligence of conducting research and immediately felt regret for not initially recognizing the importance of sales enablement and its rightful place in sales content and the sales process itself. It's more than a fancy buzzword — it's a real tactic that can be formalized and followed, whether your company has one or one thousand employees. It is the responsibility of sales managers to facilitate the success of the sales team. Part of this is done by building a sales content strategy — one that, after reading this, hopefully includes sales enablement. It's very likely that you as a sales manager or sales trainer have already enacted some form of this in one way or another, but by taking a deep dive into its meaning and practice, you'll have a better defined and self-helping strategy that efficiently delivers success. So what is sales enablement? Simply put, sales enablement is the process of providing your salespeople with sufficient tools, resources and game plans to sell effectively. This buyer-focused strategy gives the sales rep tools to engage the prospect. It is made up of outward-facing content the sales rep will provide the buyer at some point during the sales process, and inward-facing content such as information, sales training, best practice guidelines and branding. Benefits of sales enablement 1. Maintain and improve revenue growth A study from Aberdeen found that companies with great sales enablement strategies see a 13.7% annual increase in deal size or contract value. Sales teams benefit from having continued support and education on who their buyers are and the message that will be most impactful for that buyer. With a sales enablement program, companies offer their salespeople a constant resource for training and support rather than trying to get by with occasional training meetings. 2. Shorter sales cycles A 2015 study found sales reps can spend up to 43 hours every month searching for information they need to make a sale. Sales enablement reduces that lost productivity and can even shorten sales cycles by allowing sales teams to focus on speaking with prospects instead of looking up case studies and finding product one-pagers. 3. Improve sales and marketing alignment Companies with great sales and marketing alignment have 36% higher customer retention rates and 38% higher sales win rates. Yet, many organizations fail to bridge the divide between sales and marketing. Sales enablement helps bridge this gap by creating a collaborative environment for marketing to understand the needs of sales and for sales to be trained on how to use the research and content marketing provides. Sales enablement platforms also provide analytics data on what content is being used, providing instant feedback to marketing on the quality of their sales enablement materials. 4. Relevant, personalized touch points Sales reps dealing with a long sales cycle need to establish multiple touch points with a prospect without always hopping on a call or emailing the same information over and over. Sales enablement provides relevant content for every part of the buyer’s journey, so sales reps can stay in touch by providing content that moves a prospect closer to a deal. Sales enablement also makes it easier to personalize outreach by providing a library of content tailored to various personas and industries. 5. Consistent brand messaging Sales enablement also ensures that the messaging leads read while engaging with the website is the same messaging they hear when they get on a sales call. Given that presenting a brand consistently is attributed to a 23% increase in revenue, marketing and sales leaders would be wise to take this benefit seriously. Who owns sales enablement? Typically marketing and sales jointly own sales enablement. During the production process, the sales team acts as an adviser to the marketing team on what content they need and the types of questions prospects have. Marketing provides content and messaging materials based on persona research and strategic messaging and train the sales team on how to use the content. Overtime, both departments develop a continuous feedback loop to improve the sales enablement process. Where to start with sales enablement The first step is to define the sales objective. Because this is a buyer-focused method, this means defining your target audience. Ask yourself, who wants your product or service? Who needs it? Create marketing personas to identify your prospects’ buying habits, traits, income and expectations. (Pro tip: your marketing team may already have these ready to go.) Next, identify what information a sales rep will need to engage the buyer. What information does your team need about your company, its products, mission or background? How do you start the initial conversation? What will push a prospect into becoming a buyer? In today's digital world, the most successful companies do this through compelling storytelling methods like blogs, research papers, webinars and other high-quality sales content. Remember that sales and marketing go hand-in-hand! Your sales team must have a clear grasp on when to wield each tool. Education workshops, training sessions, best practice tipsheets, and one-on-one coaching should occur regularly to foster growth and success. Because using the right resource at the right time is an important part of sales enablement, team members must know where to find what they are looking for quickly in the heat of battle — or rather, in the heat of a sale. How to create sales enablement content This may seem like a hefty (or even overwhelming) task to take on. Work smarter by taking advantage of a brand templating platform, such as Lucidpress. As sales managers and sales trainers, I know you wear several hats — and expert graphic designer isn't usually one of them. Brand templates will help your team maintain brand consistency, build content quickly and easily, and store it all in one location. You will then have access to a large library of marketing and sales content templates, which are all customizable. For example, if you wanted to create a sales enablement starter pack using only Lucidpress templates, you could edit these to showcase your company's branding, information and guidance. For internal use: Essential branding infographic Blue icons marketing proposal Business pitch presentation infographic Target demographics & personas infographic For external use: Contempo modern tri-fold brochure Standard advertising poster Airy sales presentation Software & templates like these are extremely helpful when defining your sales content strategy, as they already include space for sections you don't want to miss, while still letting you control the direction your sales content takes. How to measure sales enablement results Lastly, it is critical to enforce and measure various outcomes in the sales process. How long is the sales cycle for each sales rep? What is the value of each sale? How many people on your team are meeting the quota? If done well, each one of these metrics should show steady growth. If you are not receiving the desired results, find the weak points in the strategy. Reevaluate both the new hire sales training and routine training, determine if there is any content prospects are asking for but not receiving, and ensure sales members are leveraging resources at the correct time. Key takeaways To summarize, sales enablement is a formalized sales content strategy that focuses on the buyer. It consists of a series of steps: First, outline the sales objective. Second, create and provide your sales team with both internal & external sales content. Third, train your sales reps regularly. Lastly, analyze the outcome and adjust if necessary. Now that you have a better understanding of sales enablement — well past 'the act of enabling sales' — you should feel more confident and prepared to build or strengthen your sales content strategy. With a strong strategy in place, your sales reps will feel empowered to achieve. Ready to get started? Consider Lucidpress your sales enablement solution and join more than 6 million professionals already designing stunning visual content. Sales enablement, elevated: Learn how you can lead your organization to creating an effective sales enablement program with consistent storytelling across your sales org.

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