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Added for You - Technology Adds ROI to CRM
Communicating Your Strategic Plan With Employees , “the way of the future is that people who have expertise in delivering the components that salespeople or sales managers need, right when they need it, will propel the movement forward.”It's critically important that employees understand your strategy. Employees who understand your strategy will be able to make better day-to-day decisions that will support your vision. But, while most of us understand this — at least intellectually — we often have difficulty effectively communicating our strategies to people outside of the strategic planning team. This may be especially difficult if you feel that parts of your strategy are sensitive and should not be shared with people outside of your management team. In addition, it may be undesirable to load employees with the task of thoroughly understanding all of your strategic planning documents when many employees only touch on one small operational area. How can we reconcile these difficul The Implications For Sales Leaders “Sales leaders focus on two questions: What’s the problem? How do I fix it?” Hens remarks. If user adoption is poor, there might not be enough data housed in the CRM system to answer those questions, or the data might not be accurate. User adoption can be driven by presenting an interface that helps the salesperson, but sales leadership also plays a significant role: For CRM to be truly effective, and live up to that dream of ultimate functionality, adoption has to be driven by management, Hens says. “It needs to be made part of the business process. If each salesperson is doing his own thing, you’ll never reap the benefits.” With increased use of the CRM system by salespeople, more—and more reliable—data will be input into the system, and a more accurate analysis of problems and their solutions will be possible. Sales leaders will be able to take the next step toward innovation: Are You On The Right Path Into Your Future? For sales reps and sales leaders alike, technology, like Customer Relationship Management (CRM) systems, will become increasingly important as we move toward the future. Many organizations have already invested in CRM systems and much has been written about how these systems have not delivered on their promised results. Fortunately, the CRM industry is evolving with new innovations that will help drive better returns on sales force automation investments.Each of us as we travel through life into our very personal future follows our own unique path. As we day by day, travel into the future, we make a variety of choices, decisions as well as take any number of actions – some positive, some negative, some better some worse than others. But, in the end; the end of the day or the end of a life we have all created the tapestry of our lives one day and one choice at a time.It is unfortunate that many people do not have a clue as to where they want to end up, what they want to see or the roads they want to take. Oh, many of these people may say they are “on the right path,” but that is often their ego’s need to protect itself from the criticism or judgements of others. In reality they don’t have The Purpose of CRM The idea behind CRM implementation is to improve the productivity of the sales organization by leveraging better information. Salespeople can enter the latest plans and actions related to a contact, opportunity or account, and this information can be shared with sales management and other parties involved in the selling process. Because the data is updated in real-time, teams have the most current information. The result is that the right hand knows what the left is doing—and the action plan for that customer becomes a coordinated effort. In other words, CRM can make the selling process more efficient and collaborative, allowing everyone involved in the sales process to benefit from individual reps’ knowledge as soon as it’s inputted into the system. With the information gathered together, the output data is more robust for planning purposes. “Collaborative selling proponents claim it helps companies realize higher close rates, shorten the sales cycle and gain higher-value deals,” writes Lisa Picarille in “Market Watch: Collaborative Selling” (DestinationCRM.com, Dec. 1, 2003). The Disconnect It sounds good--but in the past, the introduction of technology into a sales rep’s tried-and-true methodology often met with resistance. The reason? Frequently, implementation of CRM systems didn’t result in anything concretely positive for salespeople. In the past, “CRM was a repository for data, and it still is, to a certain extent,” says Chris Hens, COO of the San Mateo, Cal.-based White Springs. The salesperson put data into the system, and that data might be valuable to the organization as a whole, but the salesperson never really got to see the benefits. “That’s the way of the past.” “What gets customers excited [about the future of CRM] is the way that a CRM platform or its attendant applications can deliver something back to the salesperson,” Hens says. “A computer is supposed to help you, but it can’t do that if it doesn’t have enough—or correct—information. The goal is creating enough information that the computer can give salespeople suggestions.” Recognizing that greater user adoption is needed for sales leaders to reap the benefits of increased data, both in terms of quantity and quality, technology innovators have worked toward building a better mousetrap: applications that attach to companies’ CRM systems that actually help salespeople do their jobs better and faster. To Drive User Adoption, Deliver Value White Springs is among those innovators working to improve the individual sales rep’s experience with CRM. White Springs helps Miller Heiman integrate its core sales processes with their client’s various CRM systems. For instance, Miller Heiman’s Sales Access ManagerSM (SAM) allows salespeople to use Strategic Selling® Blue Sheets and Conceptual Selling® Green Sheets that are hooked into the CRM platform—so salespeople can use the sales process electronically. Information they enter onto sales strategy sheets is automatically input into the CRM database. Salespeople like it because CRM now supports the sales process they’ve bought into and use. Applications that work in conjunction with CRM—in addition to sales methodology integration software—include software that provides information on territories, information on key players, decision makers, or competitors, or the right sales collateral for a given selling situation. To deliver value to the sales force and increase adoption, Hens says, you have to know and include what they need—and each salesperson, each day, needs something different. “In essence, what we’re doing is creating a platform where sales ‘best practices’ or methodologies are connected directly into the CRM platform and can be engaged in the context of the everyday sales cycle. This, in turn, makes CRM more useful than just as a home for data,” Hens says. With the advent of these kinds of applications, which can hook into CRM systems to provide immediate value to salespeople, the future is wide open. As Hens says, “the way of the future is that people who have expertise in delivering the components that salespeople or sales managers need, right when they need it, will propel the movement forward.” The Implications For Sales Leaders “Sales leaders focus on two questions: What’s the problem? How do I fix it?” Hens remarks. If user adoption is poor, there might not be enough data housed in the CRM system to answer those questions, or the data might not be accurate. User adoption can be driven by presenting an interface that helps the salesperson, but sales leadership also plays a significant role: For CRM to be truly effective, and live up to that dream of ultimate functionality, adoption has to be driven by management, Hens says. “It needs to be made part of the business process. If each salesperson is doing his own thing, you’ll never reap the benefits.” With increased use of the CRM system by salespeople, more—and more reliable—data will be input into the system, and a more accurate analysis of problems and their solutions will be possible. Sales leaders will be able to take the next step toward innovation: a Finding Your Bullseye Market e involved in the sales process to benefit from individual reps’ knowledge as soon as it’s inputted into the system. With the information gathered together, the output data is more robust for planning purposes. “Collaborative selling proponents claim it helps companies realize higher close rates, shorten the sales cycle and gain higher-value deals,” writes Lisa Picarille in “Market Watch: Collaborative Selling” (DestinationCRM.com, Dec. 1, 2003).You are excited about your business and want everybody to know that you are there, you want to get it out to everybody. Slow down! When it comes to spending your hard earned marketing dollars you want to get the word out to your ideal customer.The only way for a small business to market effectively is to target market. The only way to be VERY effective in your marketing is to bulls-eye market.For example, a target market for a remodeling contractor that specializes in remodeling basements may be homeowners. But that covers a lot of ground, many of which have absolutely no interest. A better target market would be homeowners that have lived in their home less than 3 years. An even better target is people that have built a home wi The Disconnect It sounds good--but in the past, the introduction of technology into a sales rep’s tried-and-true methodology often met with resistance. The reason? Frequently, implementation of CRM systems didn’t result in anything concretely positive for salespeople. In the past, “CRM was a repository for data, and it still is, to a certain extent,” says Chris Hens, COO of the San Mateo, Cal.-based White Springs. The salesperson put data into the system, and that data might be valuable to the organization as a whole, but the salesperson never really got to see the benefits. “That’s the way of the past.” “What gets customers excited [about the future of CRM] is the way that a CRM platform or its attendant applications can deliver something back to the salesperson,” Hens says. “A computer is supposed to help you, but it can’t do that if it doesn’t have enough—or correct—information. The goal is creating enough information that the computer can give salespeople suggestions.” Recognizing that greater user adoption is needed for sales leaders to reap the benefits of increased data, both in terms of quantity and quality, technology innovators have worked toward building a better mousetrap: applications that attach to companies’ CRM systems that actually help salespeople do their jobs better and faster. To Drive User Adoption, Deliver Value White Springs is among those innovators working to improve the individual sales rep’s experience with CRM. White Springs helps Miller Heiman integrate its core sales processes with their client’s various CRM systems. For instance, Miller Heiman’s Sales Access ManagerSM (SAM) allows salespeople to use Strategic Selling® Blue Sheets and Conceptual Selling® Green Sheets that are hooked into the CRM platform—so salespeople can use the sales process electronically. Information they enter onto sales strategy sheets is automatically input into the CRM database. Salespeople like it because CRM now supports the sales process they’ve bought into and use. Applications that work in conjunction with CRM—in addition to sales methodology integration software—include software that provides information on territories, information on key players, decision makers, or competitors, or the right sales collateral for a given selling situation. To deliver value to the sales force and increase adoption, Hens says, you have to know and include what they need—and each salesperson, each day, needs something different. “In essence, what we’re doing is creating a platform where sales ‘best practices’ or methodologies are connected directly into the CRM platform and can be engaged in the context of the everyday sales cycle. This, in turn, makes CRM more useful than just as a home for data,” Hens says. With the advent of these kinds of applications, which can hook into CRM systems to provide immediate value to salespeople, the future is wide open. As Hens says, “the way of the future is that people who have expertise in delivering the components that salespeople or sales managers need, right when they need it, will propel the movement forward.” The Implications For Sales Leaders “Sales leaders focus on two questions: What’s the problem? How do I fix it?” Hens remarks. If user adoption is poor, there might not be enough data housed in the CRM system to answer those questions, or the data might not be accurate. User adoption can be driven by presenting an interface that helps the salesperson, but sales leadership also plays a significant role: For CRM to be truly effective, and live up to that dream of ultimate functionality, adoption has to be driven by management, Hens says. “It needs to be made part of the business process. If each salesperson is doing his own thing, you’ll never reap the benefits.” With increased use of the CRM system by salespeople, more—and more reliable—data will be input into the system, and a more accurate analysis of problems and their solutions will be possible. Sales leaders will be able to take the next step toward innovation: Overcoming Voice Mail Challenges ] is the way that a CRM platform or its attendant applications can deliver something back to the salesperson,” Hens says. “A computer is supposed to help you, but it can’t do that if it doesn’t have enough—or correct—information. The goal is creating enough information that the computer can give salespeople suggestions.”If you are in the business of sales, than ultimately, cold calling is part of your weekly, if not daily routine.Let's face it, cold calling just isn’t very exciting, and you need to make many cold calls in order to have success.During my days working as a loan officer for a mortgage company, I would spend two and a half hours each night, Monday through Friday banging out my cold calls.My goal was to take at least three applications per evening, resulting in fifteen applications per week, with a goal of turning at least three of the fifteen applications into actual loans.I faced many challenges during those evenings of cold calling. Such as hang ups, and people saying things such as “I already took care of that,” and “tak Recognizing that greater user adoption is needed for sales leaders to reap the benefits of increased data, both in terms of quantity and quality, technology innovators have worked toward building a better mousetrap: applications that attach to companies’ CRM systems that actually help salespeople do their jobs better and faster. To Drive User Adoption, Deliver Value White Springs is among those innovators working to improve the individual sales rep’s experience with CRM. White Springs helps Miller Heiman integrate its core sales processes with their client’s various CRM systems. For instance, Miller Heiman’s Sales Access ManagerSM (SAM) allows salespeople to use Strategic Selling® Blue Sheets and Conceptual Selling® Green Sheets that are hooked into the CRM platform—so salespeople can use the sales process electronically. Information they enter onto sales strategy sheets is automatically input into the CRM database. Salespeople like it because CRM now supports the sales process they’ve bought into and use. Applications that work in conjunction with CRM—in addition to sales methodology integration software—include software that provides information on territories, information on key players, decision makers, or competitors, or the right sales collateral for a given selling situation. To deliver value to the sales force and increase adoption, Hens says, you have to know and include what they need—and each salesperson, each day, needs something different. “In essence, what we’re doing is creating a platform where sales ‘best practices’ or methodologies are connected directly into the CRM platform and can be engaged in the context of the everyday sales cycle. This, in turn, makes CRM more useful than just as a home for data,” Hens says. With the advent of these kinds of applications, which can hook into CRM systems to provide immediate value to salespeople, the future is wide open. As Hens says, “the way of the future is that people who have expertise in delivering the components that salespeople or sales managers need, right when they need it, will propel the movement forward.” The Implications For Sales Leaders “Sales leaders focus on two questions: What’s the problem? How do I fix it?” Hens remarks. If user adoption is poor, there might not be enough data housed in the CRM system to answer those questions, or the data might not be accurate. User adoption can be driven by presenting an interface that helps the salesperson, but sales leadership also plays a significant role: For CRM to be truly effective, and live up to that dream of ultimate functionality, adoption has to be driven by management, Hens says. “It needs to be made part of the business process. If each salesperson is doing his own thing, you’ll never reap the benefits.” With increased use of the CRM system by salespeople, more—and more reliable—data will be input into the system, and a more accurate analysis of problems and their solutions will be possible. Sales leaders will be able to take the next step toward innovation: Team Leadership: Does Your Leadership Team Really Talk? Part 1 use the sales process electronically. Information they enter onto sales strategy sheets is automatically input into the CRM database. Salespeople like it because CRM now supports the sales process they’ve bought into and use.Businesses need teams. With the pressures to deliver higher revenues, greater customer satisfaction, enhanced operational efficiency and faster speed to market, success requires more than the brilliance of any individual. But even when leadership teams consist of the company’s best and brightest, high-quality teamwork at the top remains elusive for most organisations. Why?Leadership teams that bring together strong individuals can be the best – and the worst – of worlds. When each individual just delivers on his or her own competencies, however effectively, the team is not truly functional. It’s the ‘synergy’ created between talented individuals – the tapping of the collective potential – that lies at the heart of successful leadership teams Applications that work in conjunction with CRM—in addition to sales methodology integration software—include software that provides information on territories, information on key players, decision makers, or competitors, or the right sales collateral for a given selling situation. To deliver value to the sales force and increase adoption, Hens says, you have to know and include what they need—and each salesperson, each day, needs something different. “In essence, what we’re doing is creating a platform where sales ‘best practices’ or methodologies are connected directly into the CRM platform and can be engaged in the context of the everyday sales cycle. This, in turn, makes CRM more useful than just as a home for data,” Hens says. With the advent of these kinds of applications, which can hook into CRM systems to provide immediate value to salespeople, the future is wide open. As Hens says, “the way of the future is that people who have expertise in delivering the components that salespeople or sales managers need, right when they need it, will propel the movement forward.” The Implications For Sales Leaders “Sales leaders focus on two questions: What’s the problem? How do I fix it?” Hens remarks. If user adoption is poor, there might not be enough data housed in the CRM system to answer those questions, or the data might not be accurate. User adoption can be driven by presenting an interface that helps the salesperson, but sales leadership also plays a significant role: For CRM to be truly effective, and live up to that dream of ultimate functionality, adoption has to be driven by management, Hens says. “It needs to be made part of the business process. If each salesperson is doing his own thing, you’ll never reap the benefits.” With increased use of the CRM system by salespeople, more—and more reliable—data will be input into the system, and a more accurate analysis of problems and their solutions will be possible. Sales leaders will be able to take the next step toward innovation: Mortgage Broker Marketing: How to Get Realtors to Support Your Fees , “the way of the future is that people who have expertise in delivering the components that salespeople or sales managers need, right when they need it, will propel the movement forward.”The store sign blares, “Divorce Today…$199,” another trumpets, “Rolex Watches – Cheap,” and the next one shouts, “4 tires, $120.” Discounting is everywhere, advertising a common message – low price and cheap service.Discounters wreak havoc on the rest of us who charge for a premium service. With so many businesses advertising low price, it makes customers ultra price sensitive. In your case, the customer is a real estate agent, and more of them are becoming price sensitive to fees charged by you.What’s Your Fee? The agent asks, “How much do you charge the client?” The loan officer replies, “I charge a point on the front and one on the back.” The Agent appearing stunned says, “That The Implications For Sales Leaders “Sales leaders focus on two questions: What’s the problem? How do I fix it?” Hens remarks. If user adoption is poor, there might not be enough data housed in the CRM system to answer those questions, or the data might not be accurate. User adoption can be driven by presenting an interface that helps the salesperson, but sales leadership also plays a significant role: For CRM to be truly effective, and live up to that dream of ultimate functionality, adoption has to be driven by management, Hens says. “It needs to be made part of the business process. If each salesperson is doing his own thing, you’ll never reap the benefits.” With increased use of the CRM system by salespeople, more—and more reliable—data will be input into the system, and a more accurate analysis of problems and their solutions will be possible. Sales leaders will be able to take the next step toward innovation: analytics to determine what is and isn’t working in the sales process. That accurate information can be used to perceive customer trends and make more accurate forecasts. And, when sales reps leave the company, their customer data doesn’t leave with them; it’s still a part of the CRM system, easy to access and reassign.
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