April
2nd, 2003
Turbo
charging the sales team
Speaker: David Hickman, Product Line Manager, TIBCO Portal
Products
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Presentation
David
Hickman delivered an engaging presentation with broad audience
participation on Turbo Charging the Sales Team at the April
2, 2003 SVPMA meeting. David manages the ActivePortal Product
Line for TIBCO Software where he is responsible for both the
product management and product marketing functions. He shared
many of his methods for ensuring sales success at TIBCO, which
has 1800 customers, over 100 sales people, and 30 offices
worldwide.
David’s
first recommendation was to spend time in the field with the
sales force. The purpose is two fold. First, you get to know
your sales force and show your commitment to their success.
Second, you get direct customer feedback for which there is
no substitute. Further, customers will feel valued that the
product manager visited them.
David
emphasized that when the sales team needs assistance, they
need it now! Since he cannot always be available to help,
he formed a “SWAT” team. The team consists of members from
product management and marketing, engineering, support and
QA. In addition, each region gets a Product Ambassador, from
presales staff, who received in-depth training on the product
and assists both their region as well as others. The team
holds a weekly conference call to keep everyone informed,
share new leads, discuss opportunities, and review outstanding
issues. Further, David established an email alias for incoming
sales support requests that any team member can access, avoiding
any single point of failure. Emails sent to this alias then
go into an archived discussion group to create a knowledge
base.
Having
an open communication channel open, keeps remote teams engaged.
David achieved this through frequently soliciting needs and
enhancement request and providing prompt feedback. Although
answers should not be sugarcoated, let the team know they
are making a difference. All requests are stored in a Siebel
CRM (customer relationship management) system, making it easy
to track requests back to individuals or customers for follow-up.
Lastly, give credit to contributors.
One
timesaver is to help sales help themselves. Sales materials
are maintained on the corporate portal. The portal contains
a document repository, discussion groups, a “tips and tricks”
section, an area to upload presentations and projects for
re-use, demos, collateral, competitive information, and reference
accounts. Getting this to work requires a change in behavior
for sales, so you may have to direct them to the portal even
when you know the answer to their question. A Master RFP (request
for proposal) document is updated quarterly by Product Management
and Engineering to provide answers to the most frequently
asked RFP questions.
Another
area of success has been priming the partnering pump. David
organizes at a regional level “meet and greets” between the
local sales force and a handful of select regional partner
teams. The meeting focuses on opportunity recognition (e.g.
Bring TIBCO into the deal if the customer mentions “portal”,
bring partner X in if they mention “document management”)
and relationship building. Secondly the compensation plan
must be win/win to motivate both parties. This might require
paying a higher combined commission. Most importantly, the
arrangement and compensation plan must be simple to articulate
and administer.
Sales
boot camp is a favorite for improving sales performance. These
are two-day seminars to train the sales force and the solution
consultants. To ensure high participation, conduct these early
in the quarter and travel to each region. Sales receive a
shorter course focused on messaging, customer targeting, and
the competition. The training extends for the solution consultants
to include a hands-on lab. Avoid PowerPoint overdose and repeat
the boot camp as needed based on product introductions and
the number of new hires.
Lastly,
make demos easy and accessible. David now has a hosted demo
that may be accessed by any sales member from anywhere in
the world. There is also a library of recorded demos that
can be reused. By creating more robust demos, Tibco has reduced
the number of Proof of Concepts by 40%, reducing sales cycle
time and cost.
The
product manager is ultimately responsible for the business
success of his or her product. By implementing the techniques
above, you can make a positive impact on sales output and
create your own turbo charged sales team.