Today, we have Chris Orlob on the show. He works for Gong.io that provides data that help sellers become better at sales. In this episode, he’s dishing out top B2B sales trends they’ve seen in 2017 (some of which are going to roll over to 2018).
It’s the #1 conversation intelligence platform for sales teams. What they do:
Whether or not you purchase a technology like this, become familiar with it because it’s probably the most impactful technology on the organization next to the CRM.
Since 2011, sales quota attainment has steadily been dropping year to year. It’s continuing to decline over time.
Annual quotas are being increased on average 7.5% a year.
So one one hand, there’s declining quota attainment and on the other hand, there’s this increased total quotas.
During the same time period, the VP of Sales average tenure has declined from 26 months in 2011 to 19 months in 2016.
There is a big and wide sales performance gap between the top 10%-20% of the performance on your sales team and the middle of the pack (80%-90% average performers who make up the rest of your entire salesforce)
The reason for the gap is in how they conduct their sales conversations. There is almost always a stark difference in how the A players conduct their sales conversations compared to their mediocre peers.
Sales leaders are blind to sales conversations.
Allows you to design a sales training program based on reality versus just generic.
Allows you to follow through to make sure sales training is being implemented in a live setting.
The talk to listen ration that leads to the most closed deals is different for each type of call:
For Sales Leaders:
Prioritize shifting your bell curve or closing the sales effectiveness gap and the middle of the pack as your number one priority.
If you want to know more about sales effectiveness, check out Gong.io.
The Power of Habit by Charles Duhigg
Think Fast Think Slow by Daniel Kahneman
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