Newsletter, Volume 2

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Pre-Sales Performance Excellence

 

salesengineering.com Newsletter
News By SEs For SEs
Dear Pre-Sales Colleague:
 
Salesengineering.com is dedicated to improving the productivity of the pre-sales engineering community.  We provide training products globally in order to achieve fast, repeatable and predictable Solution Closure for our customers.
 
We hope that you find our sales methodologies helpful for improving your pre-sales performance, reducing your cost of sales and growing your revenue. 
 
In This Issue
The Product / Skills Training Tradeoff
 
 

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The Return on Product vs. Skills Training

There is always a new product coming out, always a need to learn the latest bits and bytes, speeds and feeds, knobs and dials.  How much will revenue grow after SEs are flea dipped through a week of intense product training? Can you put a specific revenue number on it?  Probably not.

It turns out that you can put a specific number on revenue growth for SE sales skills.  The number is conservatively 48% revenue growth in 6 months and 122% in 4 quarters, and likely a lot larger.

Here's why. Let's say that SE sales skills training measurably improves their # of qualified deals, deal size, win rate, and time to solution closure each 5% per quarter.  This is a very conservative performance target, and is easy to achieve assuming (big assumption) there is management commitment to the cause.

These modest improvements can result in a 22% growth in revenue incrementally every quarter.  As a result, if training and honing of skills is in Q1, then the improvement from the start through Q2 is 48%, Q3 is 81%, and Q4 is 122%.

One of our clients improved the revenue growth of their pilot deals 425% in 2 quarters. It took hands-on executive and management commitment, it took reallocating budget from product training to sales training, but the results were compelling.

Can your product training generate those kinds of returns?  Probably not.

The next time you hear somebody say we don't have the time or budget for SE sales skills training, please send them this newsletter.  In any business, lack of balance between hard and soft skills training is short-sighted and costly. Make the time - It's worth the investment.

 
Sincerely,
 
Philip Janus
Founder & CTO
salesengineering.com