Long left on the technology sidelines, sales professionals are beginning to enjoy the benefits of sales technology tools that enable teams to implement predictable sales processes. This set of sales enablement tools is collectively being referred to as the “Sales Stack.”
While the tools complement, and sometimes overlap marketing automation and CRM processes, they help sales teams be much more proactive in their prospecting efforts.
The Sales and Marketing Blur
The internet has forever changed the way people research and buy products and services. The self-educated buyer doesn’t want to talk to a sales rep until they’re most of the way through the purchase decision.
Marketing technology companies have responded to this with technologies that allow marketing teams to deliver personalized, real-time educational content and marketing messages that respond to each buyer’s educational journey.
Marketing teams have numerous technologies available to assist with their efforts, including:
- Website and blogging publishing (WordPress, Drupal, SquareSpace…)
- Email marketing (ConstantContact, MailChimp, ExactTarget…)
- Marketing automation (Marketo, Act-on, Eloqua, HubSpot…)
- Analytics (Google Analytics, KissMetrics…)
While Customer Relationship Management (CRM) systems enable sales teams (pre-sales) and the entire organization (post-sales) to be more customer-centric, little has been done until recently to help sales teams enhance their processes.
New customers typically come from three sources:
- Marketing campaigns, programs, and other marketing efforts (SEO, PPC, Social Media, etc.)
- Word of mouth and other referrals
- Sales prospecting
Left to their own devices, prospective customers won’t reach out to sales teams until they’re very close to their purchase decision. While qualified leads that come from a company’s marketing efforts are great to have, proactive sales teams know that they frequently need to do their own sales prospecting to meet revenue objectives.
The Modern Sales Team
Successful companies now realize that sales is not a single skill but a range of skills that rarely reside in one person. While many people think of sales as an “Always Be Closing” role, the reality is that a lot of customer contact occurs before the close.
The roles that make up the sales process are:
Source: Predictable Revenue
Inbound and outbound sales reps are frequently called Inside Sales or Sales Development Reps. Their job is to identify and qualify prospective customers that are a good fit for the company.
Introducing the Sales Stack
A Sales Stack is a set of tools that enable Sales Development Reps to identify and reach prospective customers.
A key to the successful implementation of any tool is to clearly define the process in which it is going to be used. By clearly defining a process you can make it predictable, you can improve it, and you can scale it.
Once your company’s sales process is defined, it can be scaled. Effectively scaling your sales process allows you to increase company revenue.
CRM is a foundational tool used by many, if not most, sales teams. Most marketing automation and sales technology systems connect to CRM tools, such as Salesforce, to provide a unified view of the customer. Although many leads are not entered into the CRM system until they have been identified as Sales Qualified Leads (SQL’s).
Sales processes typically include:
Lead Generation > Intelligence > Outreach > Nurture > Demo > Close
The first three phases are sales development and will be the focus of the sales tool highlighted below.
Lead generation tools allow your sales team to create lists based on specific customer criteria, upload customer lists and find prospects with similar profiles, and get real-time data on a particular company or contact.
Customer intelligence allows you to have useful and relevant conversations with your prospect. Once you’ve identified a prospect, or have them on the phone, you can get real-time information using tools like:
Personally I would never call a prospect without first reviewing their LinkedIn profile. In addition to basic company and job description, knowing things like how long they’ve been in their current position and previous employers and jobs provide very useful information that will help you identify discussion points.
Services like Rival IQ, Nimble, and Rapportive can give an overview of your prospect’s social media engagement.
Once you’ve found some prospects, it’s time to reach out. There are numerous sales tools that integrate with your phone, email, and even your website to help organize your prospect communications.
For outbound sales phone calls, applications like InsideSales PowerDialer and SalesLoft Cadence provide features like list prioritization, one-click dialing, CRM integration to automatically log the calls, and local presence. Local presence provides a local area code on your prospect’s caller ID,
increasing the likelihood that your prospect will answer the phone.