Eblogtip.com
  • Categories
    • News
    • Technology
    • Domains
    • Hosting
    • Promotions

Archives

  • September 2023
  • August 2023
  • July 2023
  • June 2023
  • May 2023
  • December 2022

Categories

  • News
  • Technology
  • Uncategorized
eBlogTip
  • Categories
    • News
    • Technology
    • Domains
    • Hosting
    • Promotions
  • Technology

Want your sales team to be more productive? Take a closer look at your ‘watermelons’

  • July 13, 2023
Total
0
Shares
0
0
0

Robert Wahbe is the co-founder and CEO of Highspot, a sales enablement platform.
More posts by this contributor

  • Reimagine inside sales to ramp up B2B customer acquisition

In today’s era of data abundance, leaders have plenty of metrics to choose from to benchmark progress against their strategic initiatives. Yet even with all this data, far too many leaders focus on aggregate data, overlooking the metrics that matter most.

When you synthesize data at a high level, you risk creating metrics I call “watermelons:” numbers that are green at a glance, but under the surface are red. Watermelons hide underlying execution issues happening across your sales team – and if left on the vine for too long, can rot your business from the inside out.

Watermelons hide underlying execution issues – and if left on the vine for too long, they can rot your business from the inside out.

Leaders that rely on averages and aggregates are doing their business a disservice by neglecting to dig deep enough to understand the status of their business goals and areas for improvement.

For instance, in a recent earnings call, Cloudflare disclosed that they had “identified more than 100 people on our sales team who have consistently missed expectations. Simply put, a significant percentage of our sales force has been repeatedly underperforming based on measurable performance targets and critical KPIs.”

How did 100 people miss the mark for so long? Leaders weren’t digging deep enough into the data. It’s important to identify the root cause of these sellers’ misses and fix it from the ground up.

Here’s what it means to look for watermelons, how to identify them, and the framework that provides better insights and actions to improve your bottom line.

Finding watermelons using people-centric analysis

When looking at important performance metrics, many leaders take too limited a view of their data. Activity and outcome metrics are commonly sliced and diced by various dimensions such as industry, segment, geography, product line, customer cohort, and buying persona, so leaders can answer questions like, “What is the win rate for manufacturing in the mid-market in Europe?” This is great, but almost every company misses one of the most important dimensions: people.

Failing to look at your metrics by people obscures inconsistent performance across the team, which kills overall productivity. Say your average win rate is 34% – what may seem like a wonderfully healthy metric could be a complete watermelon. Frankly, for most companies, what’s probably happening is the win rate of the top-performing quartile is above high, while the majority of your team’s win rate is low.

You won’t discover this reality unless you look at the people dimension, examining the distribution of each person’s performance against the metric. This may look something like:

Examine the distribution of each person’s performance against your average win rate..

Examine the distribution of each person’s performance against your average win rate. Image Credits: Highspot

Looking at distributions can be a bit complicated, so here is a way to simplify the analysis. You use participation rate as a proxy for distribution, for every single cohort that you want.

Building off the previous example, you can look at your win rate for manufacturing in mid-market in Europe, and then analyze your reps’ performance in those deals to determine the Participation Rate against the win rate metric.


Source link

Total
0
Shares
Share 0
Tweet 0
Pin it 0
Previous Article
  • News

Smaller, faster, closer: Sony’s new 70-200mm F4 G II lens blows first-gen model out the water

  • July 13, 2023
View Post
Next Article
  • Technology

Celsius Network and its former CEO are probably not having a good day

  • July 13, 2023
View Post
You May Also Like
View Post
  • Technology

Here are the 6 finalists of Startup Battlefield at Disrupt 2023

  • September 21, 2023
View Post
  • Technology

Libra’s co-creator had geopolitical motivations to build the digital currency

  • September 21, 2023
View Post
  • Technology

Auctoria uses generative AI to create video game models

  • September 20, 2023
View Post
  • Technology

Cruise CEO says winter version of Origin AV is two years away

  • September 20, 2023
View Post
  • Technology

GitHub CEO: Despite AI gains, demand for software developers will still outweigh supply

  • September 20, 2023
View Post
  • Technology

PureSpace prevents spoiled produce by removing ripening gas

  • September 20, 2023
View Post
  • Technology

Betweened wants to teach kids how to use social media, not shut them out of it

  • September 20, 2023
View Post
  • Technology

J.B. Straubel talks Tesla, Redwood Materials and keeping a startup mentality at any scale

  • September 20, 2023

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

eBlogTip.com
  • Categories

Input your search keywords and press Enter.