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Curing Common
Coaching
SALES HACKER WEBINAR
@saleshacker
Put picture here
Everything You Need to Know
For You to Coach Like a Pro.
Hosted by:
GAETANO DINARDI
VP of Marketing
Sales Hacker
ROB JEPPSEN
Founder & CEO
Xvoyant
The Coaching Conundrum
5 Building Blocks to getting coaching right
Actionable tactics to help you get started fast
Common coaching pitfalls you need to avoid
Free resources to help you on your Coaching Journey
Today
1
2
3
4
5
@RobJeppsen
The Coaching Conundrum
•48%
• % of Sales Reps that say they don’t
get coached
•83%
• % of leaders say they are awesome
at coaching.
•86%
• Likelihood of reps claiming to get
good coaching of hitting goal.
Teams with Great Coaching Do BETTER
PRODUCTION RETENTION
23% WIN RATE
28%
Coaching: It’s About Transformation
Cycle Time
Sales
Pipeline Vitality
Rev/Client
Intentional
Improvement
Win Rates
Transformation: It’s About Igniting
Do YOUR 1:1’s Ignite?
@RobJeppsen
5 Coaching
Non-Negotiables
5 Drivers of Coaching Done Right
@RobJeppsen
Which Lever Drives Performance the Fastest and with the Most Consistency?
1. The Right Mindset
Role drives Use of Time and Use
of Tools
@RobJeppsen
Segmented vs. Binary Mindset
• 20/80 vs. 80/80
• Coaching = Relevance
• Relevance is easier to achieve
with the segmented approach.
• Segmented approach
facilitates “Next Level”
conversations
38%
62%
Achieving Goal Missing Goal
@RobJeppsen
Why Transforming How You Lead Matters
500 Reps, 50% Quota Attainment, $650,000 Quota per Rep
Value of 10%:
$3,802,500
Net Revenue Lift
$5,427,240
Retention Cost Savings
$605,280
Avg. Revenue Per Rep
Value of 10%:
$5,582,200
Net Revenue Lift
$6,243,120
Retention Cost Savings
$608,839
Avg. Revenue Per Rep
Value of 10%:
$4,036,500
Net Revenue Lift
$1,662,960
Retention Cost Savings
$605,748
Avg. Revenue Per Rep
Value of 10%:
$13,667,550
Net Revenue Lift
$11,470,680
Retention Cost Savings
$625,010
Avg. Revenue Per Rep
Value of 10%:
$2,795,000
Net Revenue Lift
$17,144,400
Retention Cost Savings
$603,265
Avg. Revenue Per Rep
@RobJeppsen
Mindset is a Difference Maker
500 Reps, 50% Quota Attainment, $650,000 Quota per Rep
Before After
http://bit.ly/xvoyantcoaching
@RobJeppsen
Yields
2. The Right Data
Sterile
Productivity
Conversion
Volume
Demoralizing
Personalized
Target
Effectiveness
Target
Competencies
Target
Activities
Inspiring
Lens
Personalization Creates
Inspiration & Ignition
@RobJeppsen
2 Sources of What Awesome Looks Like
‚ Competencies
@RobJeppsen
# X2 +8 /2 -#
3. The Right Priorities
@RobJeppsen
Predictability: Process v. Outcomes
LUCKY
BE PATIENT
EARNED
DESERVED
OUTCOMES($$)+
-
PROCESS +-
@RobJeppsen
How Do You Stay Relevant to Diana?
• YTD Goal of $1,000,000
• Average Deal Size of: $200,000
• Sales Cycle Time of 90 Days
• Sales: $2,450,000
• Average Deal Size: $200,000
• Win Rate: 50%
• New Opportunity Starts: $4,000,000
• Deals in Pipeline: 6
• Days to Win: 45 Days
• Current Pipeline Age: 22 Days
YTD Targets YTD Performance
@RobJeppsen
Evaluating Process
LUCKY
BE PATIENT
EARNED
DESERVED
OUTCOMES($$)
+
-
PROCESS +-
$1.0MM
$2.45MM
@RobJeppsen
Process Helps You Be Relevant
LUCKY
BE PATIENT
EARNED
DESERVED
OUTCOMES($$)
+
-
PROCESS
+-
$1.0M
$2.45MM
Opportunity Starts in $ $2.0MM $4.0MM
Velocity 60 3090 45 22
Opportunity Starts in # 106
@RobJeppsen
Big Change Comes From Small Changes
Driver Current +10% New
Opportunities 10 1 11
$ per Customer $1,000 $100 $1,100
Win Rate 30% 3% 33%
Sales Velocity 90 Days -9 Days 81 Days
48%
1.1 1.1 1.1
.9
4 Competencies Drive
Compound Growth
@RobJeppsen
4: Right Goals
Outcomes
Result the
Sales Team is
Chasing.
Stages
Experiences
tracked in
Salesforce.
Activities
High Value
Activities
required to
move
through
sales stages.
Skills
Unique skills
make the
High Value
Activities
succeed or
fail.
Resources
Tools
provided by
the company
to help
salespeople
develop key
skills.
Coaching Goals:
• Commitment to
change activities or
develop new skills.
• 100% dependent on
rep’s willingness to
change.
• Skill to Success
ensures all coaching
goals are set to
company-defined
Activities and Skills.
@RobJeppsen
Transform Commitment with Dollarization
@RobJeppsen
Coaching Goals for Opportunities
@RobJeppsen
• Clearly defined activities…not outcomes.
• Develop Activity Mix, Skills, Knowledge, or Experiences
• Create commitment that identifies true intentions.
• The difference between coaching & conversation.
• They identify if they want coaching…not you.
Now What?
@RobJeppsen
5. The Right Follow Up: Close the Loop!
@RobJeppsen
Importance of Measuring Coachability
INDEPENDENT
FUTURE
STARS
TOXIC
OUTCOMES($$)+
-
WILLINGNESS TO CHANGE +-
@RobJeppsen
8 Types of Salespeople
@RobJeppsen
Maximize Your Time With Those Who Will Change
• Your Time is Valuable. Spend it with
those who value it.
• Create “Fork in the Road”
Conversations.
• All Reps get your time, but those that
are willing to change get more of your
time.
• You have limited coaching cycles.
Spend them wisely.
@RobJeppsen
5 Coaching
Non-Negotiables The Right Use of
Data
The Right
Follow Up
The Right
Mindset
The Right Goals The Right
Priorities
5 Non-Negotiables of Coaching Done Right
@RobJeppsen #ArmyofSalesReps
4 Traps to Avoid
• Inconsistency
• Ambush with
Data
• Looking Backward
• Flogging the
Forecast
@RobJeppsen
5 Things You Get …
…When You Get Coaching Right
Production
30%
Productivity
20%
Utilization
95%
Retention
20%
WinRate
25%
@RobJeppsen
Free Coaching Resources
• 5 part series on Getting Coaching Right
• SalesHacker.com
• Coaching Assessment
• Bit.ly/coachingscore
• What’s Coaching Worth to You?
• Bit.ly/xvoyantcoaching
Ignite Your Team!
Make Your 1:1’s Matter
Questions?
ROB JEPPSEN
rob@Xvoyant.com
@RobJeppsen
Robjeppsen

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Curing Common Coaching: Everything You Need to Know to Coach Like a Pro

  • 1. Curing Common Coaching SALES HACKER WEBINAR @saleshacker Put picture here Everything You Need to Know For You to Coach Like a Pro.
  • 2. Hosted by: GAETANO DINARDI VP of Marketing Sales Hacker ROB JEPPSEN Founder & CEO Xvoyant
  • 3. The Coaching Conundrum 5 Building Blocks to getting coaching right Actionable tactics to help you get started fast Common coaching pitfalls you need to avoid Free resources to help you on your Coaching Journey Today 1 2 3 4 5
  • 4. @RobJeppsen The Coaching Conundrum •48% • % of Sales Reps that say they don’t get coached •83% • % of leaders say they are awesome at coaching. •86% • Likelihood of reps claiming to get good coaching of hitting goal.
  • 5. Teams with Great Coaching Do BETTER PRODUCTION RETENTION 23% WIN RATE 28%
  • 6. Coaching: It’s About Transformation Cycle Time Sales Pipeline Vitality Rev/Client Intentional Improvement Win Rates
  • 7. Transformation: It’s About Igniting Do YOUR 1:1’s Ignite?
  • 9. @RobJeppsen Which Lever Drives Performance the Fastest and with the Most Consistency? 1. The Right Mindset Role drives Use of Time and Use of Tools
  • 10. @RobJeppsen Segmented vs. Binary Mindset • 20/80 vs. 80/80 • Coaching = Relevance • Relevance is easier to achieve with the segmented approach. • Segmented approach facilitates “Next Level” conversations 38% 62% Achieving Goal Missing Goal
  • 11. @RobJeppsen Why Transforming How You Lead Matters 500 Reps, 50% Quota Attainment, $650,000 Quota per Rep Value of 10%: $3,802,500 Net Revenue Lift $5,427,240 Retention Cost Savings $605,280 Avg. Revenue Per Rep Value of 10%: $5,582,200 Net Revenue Lift $6,243,120 Retention Cost Savings $608,839 Avg. Revenue Per Rep Value of 10%: $4,036,500 Net Revenue Lift $1,662,960 Retention Cost Savings $605,748 Avg. Revenue Per Rep Value of 10%: $13,667,550 Net Revenue Lift $11,470,680 Retention Cost Savings $625,010 Avg. Revenue Per Rep Value of 10%: $2,795,000 Net Revenue Lift $17,144,400 Retention Cost Savings $603,265 Avg. Revenue Per Rep
  • 12. @RobJeppsen Mindset is a Difference Maker 500 Reps, 50% Quota Attainment, $650,000 Quota per Rep Before After http://bit.ly/xvoyantcoaching
  • 13. @RobJeppsen Yields 2. The Right Data Sterile Productivity Conversion Volume Demoralizing Personalized Target Effectiveness Target Competencies Target Activities Inspiring Lens Personalization Creates Inspiration & Ignition
  • 14. @RobJeppsen 2 Sources of What Awesome Looks Like ‚ Competencies
  • 15. @RobJeppsen # X2 +8 /2 -# 3. The Right Priorities
  • 16. @RobJeppsen Predictability: Process v. Outcomes LUCKY BE PATIENT EARNED DESERVED OUTCOMES($$)+ - PROCESS +-
  • 17. @RobJeppsen How Do You Stay Relevant to Diana? • YTD Goal of $1,000,000 • Average Deal Size of: $200,000 • Sales Cycle Time of 90 Days • Sales: $2,450,000 • Average Deal Size: $200,000 • Win Rate: 50% • New Opportunity Starts: $4,000,000 • Deals in Pipeline: 6 • Days to Win: 45 Days • Current Pipeline Age: 22 Days YTD Targets YTD Performance
  • 19. @RobJeppsen Process Helps You Be Relevant LUCKY BE PATIENT EARNED DESERVED OUTCOMES($$) + - PROCESS +- $1.0M $2.45MM Opportunity Starts in $ $2.0MM $4.0MM Velocity 60 3090 45 22 Opportunity Starts in # 106
  • 20. @RobJeppsen Big Change Comes From Small Changes Driver Current +10% New Opportunities 10 1 11 $ per Customer $1,000 $100 $1,100 Win Rate 30% 3% 33% Sales Velocity 90 Days -9 Days 81 Days 48% 1.1 1.1 1.1 .9 4 Competencies Drive Compound Growth
  • 21. @RobJeppsen 4: Right Goals Outcomes Result the Sales Team is Chasing. Stages Experiences tracked in Salesforce. Activities High Value Activities required to move through sales stages. Skills Unique skills make the High Value Activities succeed or fail. Resources Tools provided by the company to help salespeople develop key skills. Coaching Goals: • Commitment to change activities or develop new skills. • 100% dependent on rep’s willingness to change. • Skill to Success ensures all coaching goals are set to company-defined Activities and Skills.
  • 24. @RobJeppsen • Clearly defined activities…not outcomes. • Develop Activity Mix, Skills, Knowledge, or Experiences • Create commitment that identifies true intentions. • The difference between coaching & conversation. • They identify if they want coaching…not you. Now What?
  • 25. @RobJeppsen 5. The Right Follow Up: Close the Loop!
  • 26. @RobJeppsen Importance of Measuring Coachability INDEPENDENT FUTURE STARS TOXIC OUTCOMES($$)+ - WILLINGNESS TO CHANGE +-
  • 27. @RobJeppsen 8 Types of Salespeople
  • 28. @RobJeppsen Maximize Your Time With Those Who Will Change • Your Time is Valuable. Spend it with those who value it. • Create “Fork in the Road” Conversations. • All Reps get your time, but those that are willing to change get more of your time. • You have limited coaching cycles. Spend them wisely.
  • 29. @RobJeppsen 5 Coaching Non-Negotiables The Right Use of Data The Right Follow Up The Right Mindset The Right Goals The Right Priorities 5 Non-Negotiables of Coaching Done Right
  • 30. @RobJeppsen #ArmyofSalesReps 4 Traps to Avoid • Inconsistency • Ambush with Data • Looking Backward • Flogging the Forecast
  • 31. @RobJeppsen 5 Things You Get … …When You Get Coaching Right Production 30% Productivity 20% Utilization 95% Retention 20% WinRate 25%
  • 32. @RobJeppsen Free Coaching Resources • 5 part series on Getting Coaching Right • SalesHacker.com • Coaching Assessment • Bit.ly/coachingscore • What’s Coaching Worth to You? • Bit.ly/xvoyantcoaching
  • 33. Ignite Your Team! Make Your 1:1’s Matter