Many sales leaders realize they need to shift their sales force to a value selling model. Yet this transition can be extremely disruptive. How can sales leaders make this change and effectively balance growth through value selling with selling core products? The Alexander Group recently conducted six Executive Roundtables on the topic of Creating the Rep of the Future … Now! Nearly 100 leaders in Sales, Sales Strategy, HR, and Sales Operations from Global 2000 companies participated with us to wrestle with this challenge. Here’s what they had to say.
Begin the transition – Now. The leaders began by confirming the need to transition to value selling. They noted that to sustain growth in today’s more competitive markets their reps need to become “trusted advisors “ who can
Unfortunately, the Roundtable Executives noted that many of their sales organizations are still stuck in legacy features/benefits mode, in which reps act like franchise owners. As a result many executives face a real dilemma: If they are not reinventing their reps for higher-value selling, they know they are essentially harvesting their brands…but if they mis-plan the shift to value-selling, they will set up their reps for failure, and create significant revenue disruption.
Five action steps to get started. The participants shared valuable insights on how to begin. This input combined with recent AGI research points to some best practices for avoiding these momentum-killing detours that the Roundtable Executives validated.
1. Begin hiring strategic sellers now vs. lone wolf relationship managers
2. Don’t let an overly short-term focus derail your value selling process
3. Develop the ability to pull the plug on long cycles that have not produced
4. Develop and nurture a culture of trust so reps are willing to take on new risks
5. Coach managers to consistently teach the “how” and not just the “what”
Transitioning to value selling is hard, dangerous work. But it’s necessary for most companies to survive. Begin the transition process now. To learn more about best practices for Sales Transformation and for Creating Your Sales Rep of the Future please visit our website.