Sales coaching is a cost-effective way to ensure you are not missing out on deals. Companies that provide quality coaching can reach 7 percent greater annual revenue growth.
The way sales coaching takes place has transitioned from a primarily face-to-face interaction to virtual coaching in the post-pandemic era. Sales managers can give real-time coaching to their reps by analysing their sales cycles.
Your sales managers should be able to define the areas to coach their reps on by identifying leading indicators that might be blocking the sales pipeline.
For example, lack of following up continues to be one of the top reasons for losing out on deals. As high as 44 percent of salespeople give up after just one attempt when only 2 percent of sales are made during the first point of contact.
If sales managers can have an overview of the follow-up score of their reps, they can immediately highlight it to the concerned person and understand why the lag exists.
Depending on the responses, sales managers can offer one-on-one coaching to their reps and encourage them to adhere to the playbook guidelines. Make coaching a key part of your SKO plans.
As you plan for your SKO 2025, make sure your teams have real-time visibility into all deal related activities. Create a single source of truth for everyone in the company, rather than getting your reps confused with disparate data sources.
When you enable your teams with a centralised view of operations across all customer-facing functions, you can ensure that your revenue does not slip through the cracks.
If you’d like to explore how Nektar can help you with any of the above use cases, drop us a word at sales@nektar.ai