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Building a World-Class Sales University:
How Sales Education Systems Drive Behavioral Change and Results William L. MacDonald President & CEO PleinAire Strategies, LLC
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The Sales Process Random Formal Informal Dynamic Level 1 Level 2
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Strategic Contributor
The Sales Process + Level 1 Approved Vendor Level 2 Preferred Supplier Level 3 Solutions Consultant Level 4 Strategic Contributor Level 5 Trusted Partner
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A Sales Process: Critical to Success
Source: CSO Insights
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Sales Performance Comparison
Proof in the Numbers Sales Performance Comparison Level 1 Performance Level 2 Performance Level 3 Performance % Reps Making Quota 53% 58% 64% % of Company Plan Attainment 76% 84% 89% % Forecast - Wins 39% 44% 51% % Forecast - Losses 37% 31% 28% % Forecast – No Decisions 26% 25% 21% % Sales Force Turnover 16% 12% Source: CSO Insights
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Sales Training Falls Short
90% of Sales Training: No Lasting Impact After 120 Days1 1/3rd Sales Executives Report: Majority of Reps Without Skills to Perform Job “billions of dollars wasted on sales training every year, with little to show for it beyond short-term, short-lived gains.” WHY? 1 ES Research Group
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7 Reasons Sales Training Fails
Failure to . . . Define Business and Learning Needs (SWOT) Build Sales Knowledge Assess Attributes of Everyone on Team Put a Sales Process in Place Deliver Training that Engages Reinforce Training and Make it Stick Evaluate, Hold Reps Accountable, Continue to Improve Source: Adapted from The Rain Group
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When It Works, It’s Worth It
Sales Reps With Effective Training Without It Make Quota 64.9 % 60 % Higher Win Rate 54.3% 44% Lost Fewer Sales to No Decision 20.5% 26% Turnover Rate 15.7% 25.6%
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Exceeding Expectations
Where Sales Training Exceeds Expectations, Sellers are 56% More Likely To Differentiate From the Competition
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Fragile State of Sales Training
Research Supports Sales Training Often Fails Sellers Need to Improve Skills and Knowledge When It Suceeds, Training Makes a Direct and Quantifiable Impact on Sales Effectiveness and Revenue Growth
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Must drive real behavioral change and results
Time for a New Approach Change How Sales Training is: Conceived Designed Executed Long Term Must drive real behavioral change and results
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View Your Training Differently
Selling is Not a Basic Task Sales Training Requires Behavior Change of Adults Set in Their Ways Sales Training is Not an Event Leading Firms View Sales Training as an Ongoing Process
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Treat Sales Training Like a University Experience
Build Your Own Sales University Treat Sales Training Like a University Experience World-Class Companies Build Their Own Universities
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How Do You Begin? Define Goals, Objectives, & Success Metrics
Develop Tested Curriculum Deliver Platform, Modules, Experience Enable Execution Measure, Adjust, Continue to Improve
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Typical Sales Training
Category Typical Sales Training Sales University Approach to sales training Flavor of the month, jumbled Focused, organized, logical, long-term view Staying power Learning forgotten, not applied Learned, internalized, applied New hire ramp-up Time-consuming, ineffective Efficient, repeatable, effective Delivery method and components Limited Live & online, blended learning, multiple modalities, testing & certification Customization If done, lots of effort, little use Maximum use for sales enablement Sales approach (method) Aging, limited, jumbled mix Research-based, current, field-tested, comprehensive Ramp-up Slow, inefficient process to get new hires to full capacity Fast, effective, well-planned ramp-up Effectiveness Not remembered, not connected to daily work Internalized, integrated with sales performance environment, behaviors applied on the job Source: The Rain Group
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Welcome Your Questions
William L. MacDonald President & CEO PleinAire Strategies, LLC
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