The Sales Evangelist

Metrics for B2B, Darrell Amy There are many metrics in measuring B2B success. In this episode, Darrell Amy brings us some of the best metrics for B2B companies. 

Getting to know Darrell Amy 

Darrel Amy helps companies grow their revenue. He started his career in 1993 and was in the office technology world. He got involved in sales training and launched a sales training company in 2004. Darrell has already helped thousands of people through his sales training programs for global technology companies. He’s also been involved in the digital marketing journey. 

Growing revenue for B2B companies

  • There are two metrics for growth: 
  1. Net new clients 
  2. Cross-sell. 
  • Net new growth is the number of clients you have this month versus last month. 
  • The measurement for cross-sell is revenue per client. 
  • Different companies, sales teams, and different industries have sales reps who are good at either netting new clients or cross-selling. 
  • Your goal is to drive reasonable growth in each area simultaneously to get magical things happening. 
  • For one of their clients, Darrell’s company grew both simultaneously and were able to increase their revenue within 3 years.
  • There’s only one metric to know: How many clients do I have? 
  • These are the two drivers of revenue: The number of clients you have and the revenue per client. These are the things you need to track. 
  • If you look at the business from its most basic levels, you’re left with people and processes. Every business is a combination of the two.
  • Sales teams need to learn the processes after the sale. 

The importance of knowing the process

  • It’s important to do periodic business reviews and put a process in place to do it. 
  • The lack of a cross sell metrics is a big red flag for a company. 
  • There are so many opportunities inside your client base, especially your ideal clients. 
  • Your ideal clients are clients that are a perfect fit for the business. They are the ones who will buy everything that you offer and they represent your business for you. 
  • Most companies have the 80/20 rule, where 80% of their revenue comes from 20% of their clients. When you identify what this 20% looks like, then you’ll be able to identify your ideal prospects. 
  • Get close to your ideal clients, write down their characteristics, and hang out with them. Find out what they really want. 

“Best Metrics to Help B2B Companies Gauge Success” episode resources 

Follow  Darrell Amy on LinkedIn or text revenue to 210-00 to get their free tool kit. You can also check out this book from the website. 

Speak with Donald directly for more sales talks. Reach him via these channels: LinkedIn, Instagram, Twitter, and Facebook about any sales concerns. Try Pipedrive today for FREE! As a TSE listener, PipeDrive is offering you an EXTEND trial beyond the typical 30 days + 25% off your first three months after trial. Try it today at  https://pipedrive.live/tse use your code: pipedrivetse. 

This episode is also partly brought to you by Wingman. Wingman uses AI-software to empower remote sales teams with conversation intelligence, actionable insights on successful playbooks, and delivers real-time coaching.

This course is brought to you in part by TSE Certified Sales Training Program. It’s a course designed to help new and struggling sellers to master the fundamentals of sales and close more deals. It will help them elevate their sales game. Sign up now and get the first two modules free! You can go and visit www.donaldk4.sg-host.com/closemoredeals also call us at (561) 570-5077. “We value your opinion and always want to improve the quality of our show. Complete our 2 mins survey here: donaldk4.sg-host.com/survey

We’d love for you to join us for our next episodes so tune in on Apple Podcast, Google Podcast, Stitcher, and Spotify. You can also leave comments, suggestions, and ratings to every episode you listen to. 

You can also read more about sales or listen to audiobooks on Audible and explore this huge online library. Register now to get a free book and a 30-day free trial. 

Audio provided by Free SFX and Bensound. Other songs used in the episodes are as follows: The Organ Grinder written by Bradley Jay Hill, performed by Bright Seed, and Produced by Brightseed and Hill.

Watch the video on YouTube: 

WAtc

Leave a Reply

Your email address will not be published. Required fields are marked

{"email":"Email address invalid","url":"Website address invalid","required":"Required field missing"}