Search:

To Build an Effective Playbook You Must Know What Game You're Playing

Posted by Doug Davidoff

Feb 2, 2018 12:30:00 PM

To Build an Effective Playbook You Must Know What Game You're PlayingI admit that I spend far too much time on social media, especially Twitter and LinkedIn. I can’t help it. There’s just so much great information and content available!

On the one hand, the access to insights, knowledge and even detailed process is extraordinarily valuable...but it’s also exceptionally dangerous. The reason is that the majority of organizations sharing valuable information have this in common:

  • They’re sharing what works for them.
  • They’ve got an interest in influencing you to see the world the way they do.

Now, neither of these things are bad, but they should put up a caution light to marketers, sales reps and executives committed to improvement and growth (personal and business). A quick review of my just my Twitter stream right now highlights the conflicting approaches being advocated. Here’s some of what I’m seeing:

Read More

Topics: Sales Development, Demand Generation

What is an Investment Mindset & Why it’s Crucial if You’re Serious About Revenue Growth

Posted by Doug Davidoff

Jan 30, 2018 5:15:00 PM

What is an Investment Mindset & Why it’s Crucial if You’re Serious About Revenue GrowthEarly last year (2017) I had the privilege to participate in a series of interviews that HubSpot Academy professor Kyle Jepson was conducting to create what is now a certification course on Sales Enablement. If you haven’t seen the courses, I highly encourage you to do so. It’s probably HubSpot’s best program (and I’m not saying that just because I’m featured).

As with all interviews like this, some of the material gets used and a lot doesn’t. One of the conversations I had with Kyle that was used in the training was around a concept I call investment mindset vs. income mindset. I talk about this concept a lot with the clients we work with (it’s actually a key component of our ideal client profile). I haven’t had the opportunity to share these thoughts with the public and I thought this segment did a great job of highlighting what investment mindset is, and more importantly, why it matters.

Enjoy the video (you’ll see a transcription below).

Read More

HubSpot Sales Pro Sales Enablement Tool Review

Posted by Doug Davidoff

Jan 25, 2018 2:00:00 PM

hubspotsalesad

Over the last three years, HubSpot has continued their commitment to the sales stack, while reinforcing their core marketing product. For those considering building out and enhancing your sales tech stack, here is my review of HubSpot’s new Sales Professional tool.

[NOTE: To future readers, this review was created nearly three months after its late 2017 rollout, so things will certainly change going forward.]

The role of technology continues to grow its importance in the daily lives of salespeople and executives. Gartner CEB recently shared that companies are spending almost $5,000 more per sales rep, per year on sales enablement technology. The strong use of technology is increasingly becoming a “ticket to play,” for sales organizations.

The launch of an enhanced version of HubSpot’s sales enablement app Sales Professional was among the big product announcements at Inbound17. As HubSpot’s headline indicates, the promise is big.

Read More

Topics: Sales Development, Technology Stack

7 Reasons Hiring Salespeople is the Wrong First Step for Faster Growth

Posted by Doug Davidoff

Jan 23, 2018 3:30:00 PM

7 Reasons Hiring Salespeople is the Wrong First Step for Faster GrowthI see it time and time again. A company, seeking to accelerate revenue growth and customer acquisition, makes the obvious decision to hire more salespeople. Every time (for purposes of accuracy, 95% of the time) I have the same reaction (as I bring my hands to my head in dismay):

NOOOO!!!!!!!!!!!!!!!!!!!

There’s a simple acid test that virtually any small or mid-market organization can use to determine if the time has come to hire salespeople. The acid test is “Do we have more high quality, right-fit leads than our existing sales team can manage?”

If the answer isn’t a definitive “YES!!,” then DON’T. HIRE. SALESPEOPLE. (YET).

I realize this advice is counter-intuitive. I understand that your board, your investors, hell, even your CEO (if she’s not the one reading this) are not going to like this take. I get that your VP of Sales quantifies his importance and domain by headcount (if some is good, more must be better). Your peers will look at you like you’re crazy, but I challenge you to think about this:

Read More

Topics: Sales Development, Sales Training/Coaching, Demand Generation, Sales Cycle

5 Ways Salespeople Can Put People into the Top of the Marketing Funnel

Posted by Doug Davidoff

Jan 12, 2018 10:00:00 AM

salespeople-1.pngI share a lot on the topic of sales and marketing alignment, but I’m convinced that the successful organizations of tomorrow will move beyond merely aligning sales and marketing, a topic I’ll be highlighting in The 3 Places Where Exceptional Marketing Is The Difference Between Making The Sale...or Not webinar later this month.

To succeed in today’s noisy world, the terms “marketing and “sales are losing the valuable meaning behind their distinctions. These thoughts have led to a lot of work on our part focused on the increasing sales role that marketing must pick up in even the most complex B2B sales situations.

Earlier this week, I had a brief Twitter conversation with Pete Caputa, CEO of Databox. Pete provoked my thinking (as he always does) when he shared a question he’d been pondering for some time, which was “What can salespeople do to get people into the top of the marketing funnel?” I thought it was a great question, and a valuable consideration that I have not written about...until now.

Read More

Topics: Lead Generation, Demand Generation, Sales

7 Reasons Your Sales & Marketing Organization Doesn't Need A Playbook

Posted by Doug Davidoff

Jan 4, 2018 11:00:00 AM

7-reasons-dont-need-playbook.jpgThe Imagine team has invested quite a bit of time and energy into mastering the design, development and implementation of playbooks that guide all facets of the customer and revenue acquisition, and retention process. However, we understand that not every company (or executive) feels the "juice is worth the squeeze.” You and your company might be one of the few who don’t need to spend time developing and using a playbook. Do any of these qualities describe you?

Rehiring Salespeople (and Marketers) is Fun for You

The mis-hire rate for salespeople is astronomical and the mis-hire rate for marketers is growing. Playbooks bring help you define the qualities of the talent needed, create a repeatable hiring process, and build a “genius in the system.” This means you get:

  • an increased talent pool capable of doing the job
  • higher likelihood of employee success
  • shortened ramp-up time

But, hiring new sales and marketing people means you have an endless stream of new people to meet. We know some people who use the salespeople churn process to get dates. We don’t judge.

Read More

Topics: Sales Development, B2B Sales Strategy

4 Resources to Get 2018 off to an Explosive Start

Posted by Doug Davidoff

Dec 20, 2017 2:00:00 PM

explosive-start.jpgI simply cannot believe how fast 2017 has flown by. Here at Imagine, we’re in the final days of getting things wrapped up so we’re ready to take our annual “week of rejuivation”. We have big plans for 2018 and some exciting announcements we’ll be sharing as soon as we’re back at the beginning of the new year.

Of course, even while I’m off and spending time with family and friends, there will be a part of me thinking and reflecting on the lessons I’ve learned in 2017, my plans and objective for 2018 and figuring out how to get out of the gate fast. I’ve always found that if I can make January and February strong, the rest of the year typically takes care of itself.

Over the years, we’ve developed a number of resources focused on the idea of getting initiatives off to a strong and fast start. For those of you still looking for ideas, insights and inspirations to launch next year, here are some of the best ones we’ve created.

Read More

Topics: Inbound Marketing, Sales Development, B2B Sales Strategy, Sales Training/Coaching

3 Ways Salespeople Kill Sales at the End of the Month

Posted by Doug Davidoff

Dec 13, 2017 10:30:00 AM

salespeople-kill-end-of-month-sales.jpgWhen I was a salesperson, I loved December. It was the perfect time to close business. While December is a very difficult month to get things started, it’s a great time to “clean the slate,” take advantage of unused budget and leverage a natural deadline.  

One of the toughest strategies to execute in the sales process is to create a sense of urgency when there’s not a natural and obvious one present. It’s an area that is one of the biggest contributors to sales, less than professional reputation. From the great car salesman’s “If I can put you in a car you like at a payment you’re comfortable with…,” to the “last car on the lot” techniques, salespeople have been manipulating creating urgency for a long time.

It’s no surprise that selling organizations use the end of the month, quarter or year as a means to create urgency. Frankly, I’m waiting for the next evolution in sales: “Hey Mrs. Prospect, you know it’s coming up to the end of the week, tomorrow is Friday after all. Wouldn’t you be happier going into the weekend knowing that you’ve addressed blah, blah, blah.”

End-of-month and quarter tactics are so bad they’ve become a running joke among sales executives, salespeople and buyers alike. Though some of the jokes may be funny, end-of-month actions are not a laughing matter. They’re sales (and margin) killers. Here are the three primary ways salespeople are killing sales with end-of-month actions:

Read More

Topics: Sales Development, B2B Sales Strategy, Sales Training/Coaching

5 Essential Components of a High Sales Growth Tech Stack

Posted by Ellen Welker

Dec 7, 2017 4:00:13 PM

tech-stack.jpgThe game is getting real folks. Every day it seems a new challenge is emerging that makes the traditional growth playbook ineffective. Several weeks ago I shared the results of a deep analysis we completed that focuses on how the very best growth companies build their demand generation program. In The Five Levels of Demand Generation, one of our central observations was the growing role of technology. While companies at all levels are using more technology, the difference between the best and the average was in how they used, integrated and aligned technology in their approach to growth.

Recent research from CEB highlights that companies are spending, on average, almost $5,000 per sales rep more on technology today than they did two years ago. Despite that investment, the results companies are seeing decreases in the results they're seeking. This frustrating conundrum is a great description of where growth-focused companies find themselves when managing the technology landscape.

Sales and marketing technology is no longer optional. Today, it's a ticket to play in the game. As we regularly advise our clients, technology will never be the reason your sales growth strategy succeeds, but it will increasingly be a reason that it fails. Three years ago I would regularly ask, "Is the issue we're trying to solve a people problem or a process problem?" Today, the dominant question is, "Is this a people, process or technology problem?"  

It is for this reason that you must pay attention to the technology you're using and how you're using it, and regularly consider how you can or should use technology in the future. "The Tech Stack" is a term and conversation that needs ongoing attention to ensure a strong competitive foundation.

Read More

Topics: Lead Generation, Inbound Marketing, Sales Development, Performance, Technology Stack

How We Revitalized Our Email Strategy & Turned It Into An Advantage

Posted by Doug Davidoff

Dec 4, 2017 5:00:00 PM

How We Revitalized Our Email Strategy & Turned It Into An AdvantageEmail is (still) a critical linchpin for sellers and marketers alike. Even as social media, chat and private communication networks (like Slack) proliferate, email is still at the center of communication today.

Don’t believe me? Consider (sources, Content Marketing Institute & Optinmonster):

  • 77% of B2B marketers use email in the marketing mix  
  • 91% rate email as a key piece of content marketing success
  • 2.7 billion people use email
  • 91% of users use email at least daily
  • You're 7x more likely to originate a customer via email than other channels
  • 58% of users cite it as the first channel they go to every day

Successful Email Strategy is Harder than it Looks

When I talk with prospects about their sales, marketing and communication programs, there’s a lot of variance regarding the primary tools they use. The one thing they all have in common is the use of email.

Despite the ubiquity surrounding email communications, very little time is spent developing and executing a robust email strategy. I’m convinced that the reason this is true is because email feels easy and inexpensive. It’s just so easy to think that sending “one” bad/ineffective email is no big deal, we’ll just make it up on the next one. Then one becomes two; two becomes 12, and so on.

The reality is that email is one of the most expensive channels in the marketer's and salesperson’s communication toolkit. While sending an email doesn’t cause an immediate, direct cost, what happens after that is significant.

Six-months ago we sat down to completely re-imagine our entire approach to email. Recently, that method (and the results it’s gained) was featured as a case study by HubSpot. Since the case study was published, I’ve been asked several times how we did it. This post will highlight how we’ve lit our email strategy on fire and are expanding our competitive advantage because of it.

Read More

Topics: Lead Generation, Inbound Marketing, Performance