3. Compensate for collaboration.
In many sales organizations, compensating sales personnel means, essentially, paying a commission for each deal the rep closes. However, the problem with compensation strategy emerges when management treats sales compensation as a ‘zero-sum’ game. In the zero-sum approach, a deal that is closed by two sales reps
working as a team results in a 50% cut to the commission for each of them.
Similarly, companies that have dedicated strategic account reps for the largest deals often compensate those strategic account experts by taking funds from the field sales reps they are supposed to partner with. You cannot encourage collaboration by taking money out of a salesperson’s pocket every time they work with a
team member, so it is essential to develop a compensation strategy that balances the company’s reasonable commission budget constraints with the legitimate interest of encouraging collaboration — and seeing more deals closed as a result of that effort.
4. Implement CRM effectively.
Your customer relationship management (CRM) system is the lifeblood of your sales operation. Without it, you can’t effectively track, manage, or communicate. And communication is the key to true collaboration.
That means not only making sure everyone on the team uses your CRM system (including you) — it also means establishing processes and workflows that support information sharing. If a contact or opportunity meets certain criteria, it should be shared by the system so that all relevant team members can see it and review
the details.
5. Use a team approach to close deals.
Remember that sales is – at its core – about relationships. The stronger the relationships you build with your prospects, the more they will trust you and follow your guidance. Taking a team approach can have a profound impact on building this trust.
First, taking a team approach shows controlled vulnerability by letting the prospect test what you say against what a coworker says and developing confidence that every member of the team believes in the product or service you are offering. By presenting a unified and integrated team, you show the customer the best
side of your business.
Second, it allows one person to focus on listening and observing while the other is presenting or engaging. Collecting information or observing nonverbal cues can help the sales team to better interpret and follow up on each meeting. And third, it allows sales professionals to learn from one another as they seek to
work toward the same goal…together.
Use these five strategies to set a strong foundation for your sales team and you’ll see the results emerge as your team increases its confidence, strengthens its perspective and becomes more engaged in the strategy, process and relationships that lead to sales success.