Get answers from sales leaders
Shahid Nizami
Shahid Nizami
Braze APAC Vice President of SalesJanuary 10
LIke most professions, you can not lead a team well if you haven't done the job yourself. Must Haves : * You should have been a quota carrying sales rep for at least 3 to 5 years before you can transition into sales leadership. * Have a good understanding of the product. You don't want to be in a meeting with your sales rep where you are not able to answer the use cases and functionalities of your profuct to the customer without any hesitation * Good understanding of the market you operate in * Ability to motivate the team and shield any unnecessary pressure from top management * Good analytical skiils would always help you to identify trends in the market place as well as your own internal metrics * Listening skills : They are both important as a sales rep as well as a sales leader. * Focus on Culture :Though some people might put this under "Nice to Haves", I strongly feel that being focussed on culture and building a strong team culture helps a sales leader a lot. Nice to Haves * Some experience around areas of business development and customer success is always helpful * Project management skills can come in handy as you go up the hierarchy and need to work across cross-functional teams
...Read More
3222 Views
Upcoming AMAs
Roee Zelcer
Roee Zelcer
TikTok Head of Sales, Products & ServicesFebruary 9
Naturally, in most cases, sales teams are mainly measured against revenue. This could come in many forms such as potential revenue such as leads, MQLs, SQLs, etc., or actual revenue from active and existing clients. I think there is one main KPI that is commonly overlooked, and that is the quality of the relationship with the client. This is a critical aspect that more often than not, is not measured. And I completely understand as it is incredibly difficult to do so. While a great and trustful relationship with a client will not always correlate with revenue in the immediate term, this is the key metric that will ensure long-term partnership and mutual accountability going forward. A great sales representative will forgo short-term gains in order to build a long-term partnership.
...Read More
3749 Views
Lucy Ye
Lucy Ye
Square Head of Sales, Services & General BusinessFebruary 23
One of my favorite sales interview questions to ask is "Tell me about a time something did not go according to plan in your personal or professional life. What happened and what would you do differently, if anything?" This one's great because it helps the interviewer see if the interviewee is just as comfortable talking about their failures as they are about their successes. It allows the interviewer to see how the person handles setbacks, what they do when setbacks occur and what their overall ability to handle unexpected curveballs is like. The best answers are usually authentic, vulnerable and showcase a growth/abundant mindset. Abundant mindsets allow people to see setbacks as opportunities for further improvement rather than limitations. 
...Read More
1710 Views
Andrew Zinger
Andrew Zinger
Fastly Senior Director, Global Sales EnablementJanuary 10
The topic of 'feedback' is a passionate one with many people. For me, feedback is fuel, but at the same time it needs to be actionable and agreed upon for it to be that 'fuel' for change/innovation. My advice for if you don't understand, or agree with, the feedback you're receiving would be to start with checking your understanding with the individual providing the feedback. Just like in a customer/prospect discovery call, you can start off by summarizing your understanding of the feedback. This will give you the opportunity to validate your understanding of what you have heard and it will prove helpful to ensure you are both on the same page. Also, don't be afraid to be honest - tell your boss that you are committed to improving, but you want to be sure you know what to focus on, and you need to better understand what is being asked of you. This will allow you both to agree on the steps required to set up a course of action. Finally, if you are confused with the feedback, or not in agreement with what has been presented back to you, ask for clarification through specific examples. In my experience this helps to unpack the feedback and clarify what you've heard.
...Read More
2297 Views
George Cerny
George Cerny
Iterable VP, Growth Sales, B2B2C Sales & LATAMNovember 15
To effectively define the metrics for which you should hold sales accountable, I look at a few things: 1. Understand the "Sales Math" of the business across some core universally applicable SaaS Sales metrics 2. Compare the performance of the top 1/3 AE's against the bottom 1/3 AE's and look for which metrics contribute the most to high performance. 3. Go deep in those categories and correlate the activities top performers do differently to achieve these results. Quantify these activities to define supporting metrics which will lead to success. To break this down, let's understand the foundational "Sales Math." This is the equation to hit quota. The equation is fairly simple, but everyone's vernacular is different. It is actually extremely important to have very well defined steps in the equation to get consistency across your entire team. For example, we use opportunity stages with clear exit criteria for the buyer & seller to provide consistent insight into our Sales Math. So I would actually use a Stage 1 Opp Created - instead of Discovery Call, and Stage 3 Opp instead of Demo. For the purposes of this article, I'll use general sales terms that each business should be able to use as a starting point and customize from there. Here are the metrics that go into the Sales Math equation: * Activities to create a Discovery Call * # Discovery Calls per quarter * # Demos per quarter * Discovery Call to Demo conversion ratio * # Closed Won Deals per quarter * Demo to Closed Won conversion ratio * Average Deal Size * Average Deal Cycle These metrics will allow you to create the math to hit quota. If the current team's metrics do not consistently lead to the results you're looking for, then the Sales Math may be aspirational. If your team is executing against plan, then this may be your actual current metrics. Regardless, this is what you should feel confident telling AE's is the realistic, attainable and surpassable way to hit quota. For example, it could look like: $250k Quarterly Quota Average Deal Size of $84k 3 Deals to hit quota Close ratio of 33% 9 Demos needed per quarter 60% conversion ratio of Disco to Demo 15 Discovery Calls needed per quarter 50 Activities to create a Disco 750 Activities needed per quarter* *one note on activity. It's a metric I'll always track to understand a baseline level of effort, but I will often leave this out of the Sales Math when dealing with higher complexity sales and more senior AE's. Up to you if this should be in your Sales Math equation. Now take your Sales Math, and map your high performers against your low performers to look for which metrics have a high correlation with success. This exercise can be extremely surprising, so be open to what the data shows you, and hold your strong opinions loosely. Let's extrapolate this exercise across two different scenarios: Scenario 1 - Enterprise Here's how the exercise played out when running it against a more enterprise business (numbers are directional): 1. Activity, Discovery Calls and Demos were almost identical across high & low performers. This told me that pushing "more activity" was only going to have so much impact on performance. 2. The Closed Won conversion of top performers was 46% vs. 25% for the low performers. This was a huge gap, and had major implications on the Sales Math. 3. The Average Deal Size of top performers was $160k vs. $70k for low performers. This is also a huge gap compounded the success or struggles of each group when combined with the stat above. So the key metrics to optimize were Average Deal Size and Demo to Close Ratio. We wanted to maintain our activity levels, but really lean into increasing ADS and strategies to help with Deal Execution. Based on this knowledge of what would have the biggest impact in high performance vs. low performance, we added in some metrics & activities that would contribute to these results: * Updated our account prioritization to ensure a focus on the top deals & tracked activity against Priority 1 accounts * We blocked off time each week to prospect into our top accounts & scheduled strategy sessions to help get more meetings with these accounts * We tracked # of Discos with P1 accounts * # of Demo's with $100k+ Opportunities For Deal Execution * We tracked multi-threading in each account * Have we made an executive connection? * We created a cross-functional meeting to lean into competitive differentiation strategy * We set a threshold for accounts that needed a key deal review & updated our process to improve efficiency and make room for more accounts reviewed each week. Scenario 2 - Transactional Here's how the exercise played out when running it against a more transactional business (numbers are directional): 1. There were two camps of high performers. Those with extremely high activity, and those with higher disco to demo efficiency. Our most consistent top performer was a combination of both. Low performers fell into a similar pattern of either low activity or low conversion of discos to demos. 2. Deal size and win rate didn't have dramatic differences outside of 1 AE who closed the largest deal in segment history. This wasn't repeatable so we eliminated that result instead of putting too much time in hunting whales. 3. Average Deal Cycle for top performers was 39 days vs. 52 days for lower performers. Top AE's were closing deals faster, which allowed for more time to close more deals. From this data we defined additional metrics and activities to drive better results: * Upped the baseline activity volume expectations - there is a diminishing point of returns, but higher volume was almost always a component of success. We raised the bar, but also coached our highest volume AE's to lean more into their efficiency metrics instead of pushing to just do more. * Managers went deep on quality of discovery calls coming into the funnel * Title & Seniority level of Prospects - lower conversion was correlated with lower titles. * Was the company in our Ideal Customer Profile? Quality of company greatly impacted conversion * Why now? Did we offer someone a gift card or just bug them until their defense was worn down? Or was this call predicated on funding, a new hire, an inflection point in the business, intent or some other business catalyst? * Managers inspected quality of prospecting messages * Managers inspected quality of discovery calls * We rallied around creative promos to help the team close deals faster * We replicated decks top AE's were using to build value and establish trust faster In both Scenario 1 and 2 - we started with the baseline Sales Math, and through comparison of top performers vs. low performers we were able to lean into the 2 key metrics that had an outsized impact on performance. We then defined key activities and additional metrics which we could hold the team accountable to, that we knew would correlate towards greater success across the team. How easy was that? :)
...Read More
1475 Views
Sarah Mercedes (Osborne)
Sarah Mercedes (Osborne)
HubSpot Head of Corporate Sales, West CoastSeptember 3
* Not doing enough research on the company they're interviewing with * Not anticipating the questions the interviewers will have * Not coming prepared with their own questions for the interviewer * Not coming with multiple examples prepared or not having results and metrics at the ready to speak to in the interview * Not leveraging their recruiter as a resource to adequately prep for the interviews * Not asking for feedback from their interviewer to apply to the next interview * Not closing their interviewer * Not sending a follow up email post-interview * Not practicing concise answers ahead of the interview
...Read More
422 Views
Grant Glaser
Grant Glaser
Salesforce Director, Sales Leader Excellence CoachJanuary 10
Great question & cross-functional support is paramount to success. My best recommendation: * Find common areas of overlap or shared interest * Align on the outcomes you both want to impact * Setup a 'stand-up' cadence (weekly/bi-weekly) On more extensive efforts, a project manager can be helpful. For smaller steps, stay aligned on an end goal, divide & conquer workstreams, and hold one another accountable.
...Read More
1012 Views
Nick Feeney
Nick Feeney
Loom VP, RevenueMarch 9
OKRs can vary depending on how your specific business and team are measured. It is crucial to first understand what the business OKRs are before you can be prescriptive in delineating key objectives to your respective team. Team metrics: * Data trends - SCL, ACV, WR + pipeline (3x) * Days within stage * ACV (average contract value) * ASC (average sales cycle) * Delineated by stage * WR (win rate) * Delineated by stage * New logos * New logo vs. expansion revenue * SQO to SAO production (sales qualified to sales accepted opportunity) * Your team should have ~3-4x pipeline coverage in order to feel confident in attaining the number * Activity to SQO production (how many activities until a meeting is booked) * % to quota attainment * There is a fine balance. ~125%+ attainment across the team to me means the number is too attainable. I like to see performance average ~90-95% attainment across a team by region. Business Metrics Great metrics to ask in an interview * Run rate vs. growth rate * Path to profitability * At scale, do these unit economics work? * Revenue now vs. targets for the year vs. projections * Revenue streams * Market share * CAC (Customer acquisition costs) * NDR (Net dollar retention) * What is the current valuation vs. projection for next year
...Read More
715 Views
Eric Martin
Eric Martin
Vanta Head Of SalesNovember 28
This is a good, and interesting question. Like many of the other questions, answering this properly requires more context, so I'd ask that you DM me to find some time to chat. A couple of questions that come to mind when reading this question include: How similar or different are the ICPs for these two products? What are the ACVs of the products? How do their sales cycles compare? Are your product and marketing teams investing in both of them equally? Etc. While many might know Vanta as automating SOC 2, we have many products that our sales team sells today, and all of those products are pretty complex (the world of compliance is about as subjective as it gets). One thing that we've seen in asking reps to sell multiple products is that they're going to focus on the products that are easiest to sell, and the products that will make them the most money. The art and the science here is being really thoughtful around pricing and packaging methodology, and also sales compensation incentives, so as to drive the results that you're looking for. Once again, hard to answer this one directly without more context, so please reach out to me directly!
...Read More
631 Views
Beau Noonan
Beau Noonan
Matterport Enterprise Sales DirectorJune 7
Here is my approach to aligning quarterly/annual sales OKRs with broader business objections: * Define business objections: Identify the key regional business objectives for the quarter or year. They should be specific, measurable, achievable, and time-bound. For example, increasing central enterprise region revenue by 20% in the next 180 days. * Determine sales objectives: Based on business objectives, establish sales-specific objectives that support broader goals and are tied to revenue targets. For example, increasing Stage 1 conversions by 20% within the next 90 days. * Assign projects: Assign specific projects to members of the sales team based on their skills, expertise, and areas of responsibility. * Align individual OKRs: Connect individual projects to sales team OKRs by setting individual key results that contribute to overall sales objectives. * Success Criteria: Clearly define the success criteria for each individual project and how they contribute to the overall sales objectives.
...Read More
938 Views