Product Managers and Product Marketing Managers depend on sales enablement tools to ensure that sales teams have the right training and messages to make the most of their product opportunities.
However, when introducing new products or features to market, sales enablement often fails - resulting in an under-performing product launch or sluggish product. This failure can be signified by the following symptoms:
1. Unable to build confidence to overcome sales' reluctance to sell the new product
2. Competitors annihilate the first attempts to create a market segment
3. What seemed to work for some teams does not scale for other teams
Overcoming these challenges has a lot to do with what PMs and PMMs choose to do at the early stages of product introduction.
About the speakers: Contondo Co-Founders
Assaf Litai
A seasoned entrepreneur, Assaf has over 20 years experience defining, developing and selling various B2B products to mid and large scale enterprises globally. His previous company, PortAuthority, was acquired by Websense, where Assaf served as vice president of Strategic Accounts.
Aviv Ben Zeev
Aviv Ben Zeev has over 15 years' experience at large, global, high-tech companies in roles including engineering, sales and sales-management. Before co-founding Contondo, Aviv was Vice President of Sales, Europe at Orckit.
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10. Agenda
An Imaginary Scenario
The Keys to Early Sales Enablement
5 Common Traps During Early Sales Enablement
Avoiding the Early Sales Enablement Traps (for PMs) –
A Demo Using Contondo
Summary and Q&A
11. An Imaginary Scenario
(but based on many real stories…)
Mike is a PM that was getting a new product to
market
Working with PMMs, he developed stellar
messaging and executed a GTM strategy:
Created presentations
Produced product sheets
Updated all the portals
Worked on a sales enablement process and playbook
Sent out emails
6 months after launch, of 30 sales teams, only 12
teams sell the product consistently
12. An Imaginary Scenario
(but based on many real stories…)
Mike is a PM that was getting a new product to
market
Working with PMMs, he developed stellar
messaging and executed a GTM strategy:
Created presentations
Produced product sheets
Updated all the portals
Worked on a sales enablement process and playbook
Sent out emails
6 months after launch, of 30 sales teams, only 12
teams sell the product consistently
Mike the PM asks: Looking back, what could I have
done differently to improve the sales of my product?
13. The Keys to Early Sales Enablement
Definition: “The delivery of the right information to the
right person at the right time and in the right place
necessary to move a specific sales opportunity forward.”
– IDC, 2009
Sales Enablement is usually on your go-to-market timelines
Key Takeaway:
In early stages it is imperative that sales enablement - Enable product sales (the obvious)
- Avoid the traps that poison sales motivation (the hidden killer)
15. Trap 1: Assumptions
“When you ASSUME, you make an ASS out of U and ME” – Oscar Wilde
Assumptions – often a necessary evil.
But, sales teams can’t differentiate proven facts from
unproven assumptions.
Misleading assumptions can kill sales momentum and
motivation.
16. Trap 2: Lack of Customer
Qualification
“Customer qualification”: determining likelihood of success
before resources are spent
No customer qualification criteria means shotgun sales
approach – i.e. targeting wrong opportunities
The above will result in:
Product won’t solve customer’s problem
Trip on traps set by competitor
Heavy discounting
Motivation for future sales is poisoned due to
opportunity cost – Missing quota and wasted resources
17. Trap 3: Using Canned Messages
New products are accompanied by canned messages
Canned messages often fail because they are:
Unfocused - on the target audience
Unfriendly –for both sales and buyers
Of unclear value – when attempting to align with buyers
requirements
18. Trap 4: Mismanagement of
Referential and Competitive Data
Managing referential and competitive data:
Difficult to collect, classify, tag and distribute.
Doesn’t happen by itself (email…)
The outcome:
Can’t leverage anecdotal evidence across
different teams
Can’t learn quickly about competitive
situations
19. Trap 4: Mismanagement of
Referential and Competitive Data
Managing referential and competitive data:
Difficult to collect, classify, tag and distribute.
Doesn’t happen by itself (email…)
The outcome:
Can’t leverage anecdotal evidence across
different teams
Can’t learn quickly about competitive
situations
Mike the PM asks: What are the best tools to
manage referential and competitive data for new
product and feature introduction?
20. Trap 5: Collateral Dependence
“Collateralizing” knowledge in nascent product
stages:
Misleading assumptions become pervasive
Good information stales quickly
Information Explosion (e.g. frequent updates)
Messaging consistency issues (e.g. field attempts to
make data relevant)
Collateral serves as a crutch, freezing mistakes and
failing to convince customers to buy
21. Recap: List of Traps
Trap1:
Trap 2:
Trap 3:
Trap 4:
Assumptions
Lack of Customer Qualification
Using Canned Messages
Mismanagement of Referential and
Competitive Data
Trap 5: Collateral Dependence
22. Sales Enablement Tactics for PMs and PMMs…
Tips for Avoiding the Early
Sales Enablement Traps (Demo)
23. Contondo Demo
Mobile Sales Enablement
Tip:
Mobile and
offline access to
new product
messaging is a
must for sales
and SE that work
in the field.
Tip:
A Sales and SE
friendly UX
solicits field
participation.
Field users have
little patience
for VPNs and
extraneous
clicks.
24. Contondo Demo
Scenario Based Messaging
Tip:
Knowledge
portal should be
set up like Sales
and SE think in terms of
opportunity
scenarios.
29. Contondo Demo
Scenario Based Messaging
Tip:
Data should be
sorted based on
the relevancy to
the scenario.
The scenario as
selected by the
salesperson or
SE
Tip:
System should
recommend
additional
helpful data.
33. Contondo Demo
Customer Qualifications
Tip:
Gamification (e.g.
vote trophys and
badges) helps
encourage Sales
and SE contribute
data (such as
qualifiers)
Tip:
SE are your
product’s best
representatives;
Integrate your
Knowledge
Management
with the SE
mailing list
37. Contondo Demo
Managing References and CI
Tip:
All data must be
catalogued for
scenario
relevancy
(In this case CI)
Tip:
Your systems
should share
referential and
CI feedback
instantly with all
users.
38. Contondo Demo
Managing References and CI
Tip:
All data must be
catalogued for
scenario
relevancy
(In this case CI)
Tip:
Your systems
should share
referential and
CI feedback
instantly with all
users.
39. Contondo Demo
Managing References and CI
Tip:
All data must be
catalogued for
scenario
relevancy
(In this case CI)
Tip:
Your systems
should share
referential and
CI feedback
instantly with all
users.
40. Summary
Key Takeaways:
Early sales success is critical for sales motivation
Try to avoid deal loss by insisting on proper qualification
Mark all unproven assumptions
SE are the product’s main representatives
Keep on top of requested scenario material
Redistribute referential and CI instantly
Focus on tailored messaging rather than on producing collateral
Work on honing your canned messaging ASAP
Think small sized, scenario relevant, messaging in their pockets (mobile)
41. About the Speakers
Aviv Ben Zeev - Aviv Ben Zeev has over 15
years' experience working for large, global,
high-tech companies in various engineering,
sales and sales-management positions.
Assaf Litai - A seasoned entrepreneur, Assaf
has over 20 years’ experience defining,
developing and selling various B2B products
to mid and large scale enterprises globally.
42. Q&A
About Contondo:
Contondo provides an innovative
knowledge management system tailored
for PM and PMMs empowering them to
drive sales for their products.
For more information contact us at:
assaf@contondo.com
aviv@contondo.com
Twitter: @ContondoMedia
Facebook: https://www.facebook.com/ContondoMedia
Linked-in: http://www.linkedin.com/company/contondo
Website: http://www.contondo.com