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account exec, ae, bdr, business development rep, customers, sales, sales development rep, sdr, vendors

We Appreciate Everyone Except Our Vendors, and It’s Killing Sales

Customers. We love our customers. They’re the best. They help us do the great things we want to do. We love our customers.

Team members. We love our team members. We wouldn’t be “we” if we didn’t have the team. We wouldn’t be able to execute and flourish without the right team members. We love our team members.

Shareholders. We love our shareholders. We appreciate their guidance and commitment so that we can execute on our grand vision. We love our shareholders.

That’s covers it, right? I hear it so often from leaders these three constituents. We care about and tend to these groups of people. Maybe we sprinkle in there the community we’re in, too. Okay. But are we missing another group who help us get from scrappy to growth to the Dream? I think so, and they’re our vendors.
Take a pause for a second to think about your vendors. Why are we not thanking them? Maybe because we see our vendors as websites and applications. Working in a SaaS high-tech company, it’s easy to think of our vendors as the screen in front of us, and not the people who helped us get here. Why is that?
If we do not support and recognize our vendors, we’re actually doing something fundamentally wrong. Bear with me because it may take me a few sentences to connect the dots.

We’re Humans Selling to Humans

I attended a conference last week for sales professionals. A message I focused on was that selling is still very much “human to human”. The machine learning and artificial intelligence that are being developed to help sales are sales assistants. The art and profession of sales is still critical. Businesses are still made of people. We sell B2B. The associative property tells us, then, that we’re H2H – human-to-human.
But then a second message was mentioned at the keynote that was quickly tossed around, laughed about, and then moved on – many of our sales reps follow cadences (great), but adhere almost too much to the process (bad). In this way, we think we’re creating selling machines. Instead, we’re creating selling robots. We’re creating robots. I’ve seen Terminator. I don’t like robots. They signal the death of our profession. They signal the death of the human-to-human interaction.

How Are We Losing Authenticity

I’ll mention the requisite, “just look at how folks are communicating today – they’re not calling. They’re texting. There are four friends sitting at the table talking to friends not at the table. Yes, they’re staring at their phones texting someone else.”
What happens today is a loss of authentic connections. We enter these conferences and networking events. Instead of connecting and sharing, we’re huddled with our included-breakfast and coffee talking to the same people we knew before. But then, we also scan the room and look for company names and try to recall if those names have recently been on our target account list.

Through Green-Colored Lenses

Here’s a billion dollar idea – take Snapchat’s Spectacle, add facial recognition, and connect it to LinkedIn and the CRM. Tell me the company name, are they growing, what technologies the company is using today, and what the most recent company news. I’d call these green-colored glasses, “Sellinators”.
That’s how we’re starting to view the people we meet. What value can we get out of them?
We make small-talk to those around us, but want nothing more than the minimum to move about our days. We ask, “how are you?”, but damn it, if you say anything other than “I’m good”, we think, “crap, I knew I should’ve just said, ‘Hi'”. We want to gloss over the real stuff, and get to what’s in it for us. This translates to walking by the same people at the same places at the same times over and over again without getting to know who these people really are. (See 100 Strangers, 100 Days.)

Circling Back to Vendors

How does this translate to vendors being important? Well, vendors are selling to us. We’re selling to others as vendors. But we’re not recognizing the vendors who help us enough. Maybe we toss them a testimonial. Thumbs up. However, we ask our sales/ business development reps to make cold calls. They get the demos set. Our account execs have a great call. There’s a verbal commitment to do something – start a trial, close the deal, and then… fade to black. Like a Tinder connection, our sales teams are wondering why the prospect just ghosted them. (Note: Maybe you didn’t sell to allthe key decision makers.)
It’s easier to pocket veto a vendor selling to us. It’s too difficult to say, “this isn’t working” or “hey, we can’t move forward because of organizational changes right now”. It’s not you… it’s me.
Sales leaders will say, “you didn’t reiterate the value, the urgency, etc.” Welcome, Blame Bias. We focus on the individuals, and not recognize the macro-trend extending its ugly tentacles over our business and communal interactions. They’re squeezing us till we have no human left.
As our SDRs and BDRs rise up the ranks, they assume that it’s their duty to imbue their hardships of selling upon those who call upon them. We end up perpetuating the cycle, and we’re happy to continue to do so.

We Need Only Look at How We View Our Vendors

We see those who give us money as our partners, not the ones we devote our money to helping solve our problems. We look at people through the lens of a CRM Opportunity and LinkedIn profile. We celebrate bending vendors over a barrel and beating the heck out of them for discounts. I get it – we have bottom lines to hit. But instead of taking a mutually beneficial agreement, we position ourselves for who can get the better deal.
We ignore (or abuse) our vendors. This, then, permeates into how we treat everyone else who may try to sell to us. This translates to how we, too, are being treated by others when we sell. It’s a vicious, vicious cycle, and I hate it.
Asked on stage (paraphrasing): “What’s one thing that really grinds your gears about sales?” Human-to-human interactions was a big one. Well, if you want to better interactions… if you want better sales, start appreciating your vendors.
March 7, 2017/by Daryl Lu
http://www.daryllu.com/wp-content/uploads/2018/10/entrepreneurial-ninja_logo_sm.png 0 0 Daryl Lu http://www.daryllu.com/wp-content/uploads/2018/10/entrepreneurial-ninja_logo_sm.png Daryl Lu2017-03-07 23:21:002020-12-09 10:11:32We Appreciate Everyone Except Our Vendors, and It’s Killing Sales
aaron ross, account executive, ae, bdr, business development representative, closers, customer success, isr, marketing, predictable revenue, revenue, roles, sales, sales development representative

Common Revenue Roles at a Startup

“Pay special attention to “batons” that cross functions. Whenever a process crosses teams (Marketing handing leads to Sales, or Sales passing new clients to professional services, etc.), a “baton” is passed. These handoffs are the cause of 80% of the problems and defects in your processes. Redesign how the batons are passed to ensure they are passed smoothly and aren’t dropped.” Aaron Ross, Author, Predictable Revenue

As we continue to scale at SalesWise, it’s important to pay very special attention to our sales process, and the many different hands involved in sales. Especially as I’m hiring in both sales and marketing, it’s important for candidates and existing team members to understand the flow.
Here are the roles for us throughout the revenue-side of the business:
  • Marketing – Can go into many facets here. Specifically, the different ops sides of marketing, but from the beginning, it’s likely marketing is involved to serve up leads for sales to then engage on. (More on these later.)
  • Business Development Rep (BDR)/ Sales Development Rep (SDR) – In Aaron’s book, he cites the importance of bifurcating prospecting from the actual closers. The BDR/ ISR is the early stage of the sales process charged with contacting leads, qualifying leads, and hopefully, setting a conference between lead and the…
  • Account Executive (AE)/ (Inside or Outside) Sales Rep  – These are the organization’s closers. These individuals are charged with working with the prospect to close the deal. They may build relationships with prospects to move the opportunity forward and through to close.
  • Sales Engineer (SE) – “SEs work closely with AEs during the heart of the sale and play the role of trusted technical advisor. They are tasked with translating technical details into business value and mapping technical solutions to business problems.” – Keyuri Yagnik, Sales Engineering Consultant
  • Implementation/ Onboarding – The onboarding team in our case overlaps with the engineering/ product team for now – they help launch a pilot. Given we have some setting up on our end to create dedicated servers for customers, we are hand-holding these implementations before building an AE-admin board and perhaps a self-servicing admin panel.
  • Customer Success (CS)/ Account Management – This role is about ensuring a customer’s on-going engagement and education of the platform. The CS provides feedback to the engineering team of what they’ve found from existing customers. CS teams can also be responsible for up-sell and cross-sell opportunities; thus, it’s common for some CS teams to carry quotas.
  • Customer Support/ Customer Service – Different than the Success team in that this role is not assigned to customers, typically. Instead, they provide levels of support from troubleshooting to more technical. They help “fix” issues. 

February 14, 2017/by Daryl Lu
http://www.daryllu.com/wp-content/uploads/2018/10/entrepreneurial-ninja_logo_sm.png 0 0 Daryl Lu http://www.daryllu.com/wp-content/uploads/2018/10/entrepreneurial-ninja_logo_sm.png Daryl Lu2017-02-14 12:28:002020-12-09 10:11:33Common Revenue Roles at a Startup

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