Virtual Sales Training Can Minimize Costs While Increasing Sales Productivity

Jigsaw Interactive

For years, virtual sales training didn’t exist. Then, when it started to emerge, most sales leaders assumed that virtual training was the lazy way out and wouldn’t compare, in terms of value and results, to in-person sales training. Increased Cost Effectiveness.

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Sales Forecasting

Your Training Edge

The second component of Sales Cycle Management (SCM) is Sales Forecasting. Many times, salespeople and sales managers do not take a realistic view of how many sales they can undertake during a particular time period. This view makes time spent on Opportunity Management less worthwhile, and makes a traditional sales pipeline stale. What are the benefits of Sales Forecasting? But how do you go about creating a sales forecast?

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The Cost of Sales Engineer Training for Employees

Cloudshare

How does your company approach sales engineer training? Your veteran sales engineers often hold valuable institutional knowledge that is hard to replace. Understanding the Importance of Sales Engineer Training. The Cost of Training. Calculating the Cost of Training.

How can microlearning be helpful for the sales team?

Creativ Technologies

There are a lot of efforts required from the sales team these days. They might need knowledge about product training or various processes used in the company. There may have been changes in the product due to which training has become necessary.

12 Ways to Get the Most Out of Your Authoring Tool

wanting a better product within a year or. important product demonstration. expert discussing the product, offering insights. related products. the content, and share it with their colleagues, confident that they’re ready for their sales pitch.

Sales Performance Analysis

Your Training Edge

Sales Performance Analysis closes the gap on your entire Sales Cycle. Essentially, performance analysis is a deep look back over certain elements of your sales cycle, from Opportunity Management to Account Planning. Looking at the numbers, ratios, and time frames of your sales cycle provides many useful benefits. You can determine if sales goals are too high or too low. Let’s look at how to use sales analysis to close the gap on SCM.

Product Knowledge Training: Improve Sales and Customer Satisfaction

SkyPrep

Providing your employees with product knowledge training for sales and customer support is detrimental in today’s consumer revolving world. When your employees have access to online training based on all your business’s products and services, they are able to provide a best-in-class customer experience. Improve Customer Satisfaction With Product Knowledge Training Best Practices. One popular issue is the lack of knowledge on products. What is Product Knowledge?

How sales enablement training increases productivity

Coassemble

The fix is actually simpler than you’d think—sales enablement training can boost customer engagement and increase your sales team’s productivity. What is sales enablement training? How does sales enablement increase productivity?

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Sales Enablement Tech: What Are The Real Costs of Failing To Adopt It?

Cloudshare

Experiences are the key to any successful sales enablement strategy. Because successful customer interactions are all about the experience—how they engage with your sales process, the information you share, and the technology you use to elevate the entire process. Here’s the deal.

10 Sales Learning Platforms

Ed App

Sales representatives play a pivotal role in building your brand image and reputation and ensuring long-lasting customer retention. Fortunately, building and managing a continuous sales learning program is no longer a pain in the neck. Sales Learning Platform #1 – EdApp.

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How Online Training can Lead your Sales Team to Success

ProProfs

Someone who will convince you to buy a product that you probably don’t even need. But the bubble burst for me when I got an opportunity to interact with some of the tech industry’s top sales professional. While I kept wondering how the sales mavericks hone their skills, I was told that even naturally adept salespeople need to undergo ‘training’. The ‘gap’ between an excellent sales professional and a poor one hinges on their skills, knowledge and motivation.

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The Top 10 Most Important Sales Skills

Ed App

Sales is a cutthroat industry and it takes those armed with the most important sales skills to stay ahead of the competition. And as a sales manager, it’s your responsibility to ensure that your team is set up for real success. Important Sales Skill #2 – Business Acumen.

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Sales Pipeline: Fact or Fiction

Your Training Edge

As salespeople know, the pipeline is a vital part of the sales process. But what is the usual definition of a sales pipeline? It may be a list of prospects at various points in the sales cycle, from leads to those ready to close. At times, a sales pipeline could be a set of leads and nothing more. In order to maximize the sales process, the sales pipeline must be a well-planned management cycle with specific components.

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Sales Forecasting

Your Training Edge

Summary: Continuing with our series on Sales Cycle Management, we now move to the second component, Sales Forecasting. Now that you’ve identified opportunities, a good forecast will allow you to realistically plan future sales. The second component of Sales Cycle Management (SCM) is Sales Forecasting. Many times, salespeople and sales managers do not take a realistic view of how many sales they can undertake during a particular time period.

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How sales enablement training increases productivity

Coassemble

The fix is actually simpler than you’d think—sales enablement training can boost customer engagement and increase your sales team’s productivity. We wrote this article to explain what is sales enablement, how it can increase customer engagement and sales productivity, and how you can implement it today. What is sales enablement training? These experts saw a need for better resource access for sales teams and training processes that help them grow.

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Improving Sales with Online Product Training

KnowledgeAnywhere

When a sales team knows their product offerings inside and out, potential customers can tell. The better your sales team knows your products, the more effectively they can recommend the items and services that will work best for your customers. They can better answer questions about the products and develop a customer’s confidence in the company and in the product. What Does Online Product Training Offer Your Employees?

Top 5 Sales Commandments

Your Training Edge

Maintain high sales numbers and satisfy your customer’s needs at the same time by using these Top 5 Sales Commandments. There are many rules of thumb to follow in any sales process. There are five simple sales commandments that will help you do both – in every sale. There is no such thing as a single sale. So instead of selling a product, sell a relationship and trust. People buy products and services for emotional reasons.

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Informed Financial Products Sales by Leveraging Game-based Learning

Knowledge Synonyms

Informed Financial Products Sales by Leveraging Game-based Learning. Commissioned studies revealed that their customer touchpoint associates were finding it increasingly difficult to explain the financial products in simple terms without misguiding the customers.

What Untrained or Under-trained Employees Can Cost You

Jigsaw Interactive

So what is the “oil” you provide for your sales team? The answer to that question is twofold: 1) effective virtual training is far less pricey — it can save the company up to 40% in training expenses, and 2) untrained or under-trained employees can cost far more than effective training does.

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The stress-productivity shortfall

CLO Magazine

Individual stress inhibits productivity, causing a shortfall that will stifle profits. The stress-productivity shortfall is being fueled by turnover, absenteeism, disengagement, unhappiness, loss of innovation, decreased resilience and inability to focus at work (see the figure below).

2020 LMS pricing guide: Here’s what makes up the cost ??

Docebo

When you look at what an LMS costs at the forefront, it can look more intimidating than it should. All this to say, once you have a more tangible cost associated with your problem, the cost that comes with a solution will feel reasonable and, for your boss, more justified (no sweat needed).

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How to Accelerate Sales Productivity for Financial Services

Allego

Choosing the right tools is one way to boost productivity, cut expenses, and recover costs in the short- and long-term. This type requires deliberate decision-making that potentially impacts organizational growth and productivity. The Solution: Sales Readiness Platform Allego.

Is Your Sales Enablement Sustainable?

Knowledge Guru

Most sales training professionals will tell you they are working within a “new normal” these days. The products they must train reps how to sell grow increasingly complicated. Procurement departments aggressively look for ways to cut costs. The end goal of sales training should be to equip sales reps to be a trusted advocate for their customers. It also demands a lot from the trainers who must prepare sales reps to sell.

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How an LXP can Improve Product Training Success

Origin Fractal LXP

The need for Product Training. Product Training can aid a variety of business goals. A Brandon Hall Group Extended Enterprise survey from 2017 indicates that 41% of businesses have maximized their client retention through product training. Builds sales confidence.

5 Steps to Successful Product Training Onboarding for Sales Reps

KnowledgeAnywhere

Every new hire costs your organization both money and time. Financially this comes in the form of benefits as well as hiring and retention costs. In terms of time, the cost comes in the form of your onboarding process. According to a 2018 study, produced by the Sales Management Association, 62% of businesses consider their onboarding process to be ineffective. Here are the 5 steps to successful product training onboarding for your sales reps.

Why You Need to Invest More on Product Knowledge Training

Infopro Learning

so we have decided to only focus on one item in this article: sales training. There are four main sales training categories that companies are investing in; Selling Skills, Product Knowledge, Company Information, and Industry Knowledge. The Importance of Product Knowledge Training. Customers are coming to the table much later in the traditional sales cycle and they are arriving armed with more data than before. Sales Agents. Sales Management.

Free Sales Tools Reps Can’t Live Without

Xyleme

Like the elusive Yeti or the Loch Ness Monster, free sales tools might seem like the stuff of folklore. Free sales enablement tools do exist—and they’re actually pretty good. In fact, some of the best sales software companies now market directly to reps. Best Free Sales Tools 3.1

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Optimizing the Cost of Employee Training While Upskilling

Kitaboo

In this blog we discuss about ways to optmize the cost of employee training. However, employee training comes at a cost, sometimes exceeding what your training budgets. When it comes to cost optimization of employee training, online training can be a game changer.

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How To Integrate Automation Into Your Sales Process

Your Training Edge

This can be quite tough to achieve especially if sales representatives spend most of their days doing routine tasks that can easily be automated to save time and energy. For this post, we show you four ways you can integrate automation into your sales processes to save on both time and money. Reports are an integral part of any sales process. It also enables you to easily contact those that are at a point of purchasing your products or services.

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Virtual Sales Training: The Covid Season Special

HCMguru

Even their sales execs were able to continue performing during the lockdown with the help of their training in virtual sales. Cost Effective. Compared to traditional learning, virtual sales training is more streamlined and uniformed.

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The Adapter’s Advantage: Colleen Francis Talks Sales Strategy

Allego

In episode 23, sales strategist Colleen Francis shares how the pandemic has changed the B2B buyer experience and why teams must adapt and transform their sales strategies to sell more effectively, more profitably, and more productively in all environments.

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Arming Your Sales Force with Content and Tools

dVinci Interactive

Today’s customers expect a sales consultant who recognizes their needs and wants, provides a range of solutions, and guides them through the selection and purchasing process. With mobile technology like the iPad, organizations can now arm their sales forces with the content and tools to meet customer expectations and provide remarkable experiences. Product Selection Tools - Selection tools help assess needs and match appropriate solutions.

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Five Focuses For Sales

Your Training Edge

Many of us believe the “if it ain’t broke, don’t fix it” idea when it comes to our sales processes. Although this is a great way to keep a good thing going, there are some sales concepts you can focus on for the New Year that will not only keep your sales moving, but may improve them, as well. Make an effort to focus on these five sales elements in every customer interaction. Next, try spinning your sales language.

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Enabling Medical Reps for Pharma Sales through eLearning Software

G-Cube

For instance, a pharma company needs to provide product training to employees in varied job roles. There may be sales-specific training modules for the sales reps to boost customer retention or sell new drugs in various hospitals and pharmacies. 3- Enabling contactless sales.

Training on a budget: Cost-effective ways to grow your employees’ skills

TalentLMS

You’ve probably heard it during tough budget conversations: “ employee training is a luxury and we need to cut training costs. Not training employees can yield much higher costs in the long run. Compliance and safety costs. Cue a drop in sales , eventually.

How to Increase Conversions and Maximize Course Sales

LearnDash

Along with his founder Sujay Pawar (the man behind the popular Astra theme ), Adam has made CartFlows the go-to WordPress plugin for creating impressive sales pages, checkout forms, up-sells, cross-sells, and more. The video above goes into the details for this process, but at a high-level it is as follows: Create your WooCommerce product. Link your LearnDash courses to the product (see instructions here). But this comes at a cost.

The Cost of Misinformation in Customer Service

Inkling

Whether your business deals with sales, in-home services, on-site technical support, or customer support by phone, your front-facing employees need access to the right tools in order to meet and exceed your customers’ expectations. This is costly to your bottom line in three key capacities: lost revenue, weak customer relationships, and negative brand sentiment. The cost of misinformation is high.

How Cloud-Based Product Demos and POCs Increase Sales for Software Vendors

Cloudshare

Excellent sales execution is a key success factor for organisations today. In high value / low volume B2B software businesses sales execution is probably the most important factor in defining winners and losers. Sales EnablementWhy Online Demonstrations and POCs matter.

Role Of E-Learning Solutions For Product Explanation Training

Dynamic Pixel

In companies where huge product ranges and new products being added regularly, the e-learning solutions can prove to be helpful. e-learning on Product Explanation. However, the sales and marketing team can benefit the most with the help of these e-learning solutions.

Evaluating Sales Training Programs

Unboxed

The success of your company can largely depend on your choice in sales training. It can feel overwhelming, so treat this post as your roadmap to helping your sales team deliver. But before you zero in on new training, consider the following when evaluating sales training programs. The more accessible a sales training program is, the more involved your team will be. When evaluating sales training programs, there are two primary types: off-the-shelf and custom-built.