[Tactics] Territory Planning: Reverse-Engineer your way to success in 2024
Jan 23, 2024
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Learn strategies for strategic territory planning to maximize outbound prospecting. Analyze recent wins, identify key accounts, and prioritize based on patterns of success. Discover tactics for territory planning with LinkedIn, sales triggers, and past colleagues. Reverse-engineer success in territory planning by targeting mobilizers and optimizing pipeline management.
Cherry-pick accounts with a higher likelihood of closing by analyzing recent wins and identifying patterns.
Narrow down focus by using LinkedIn Sales Navigator to filter account and contact lists based on criteria that have shown success.
Deep dives
Territory Planning and Selective Effort
Territory planning is crucial in outbound sales, especially considering that the majority of prospects will not respond. The key is to cherry-pick accounts with a higher likelihood of closing. A recommended strategy is the 'Martini glass pipeline,' which involves going deep and narrow on fewer accounts. To decide which accounts to prioritize, analyze recent wins and identify patterns. Look at the industries, personas, solutions, number of employees, social proof, and relevant triggers that led to successful meetings or deals. By reverse-engineering success, you can focus your efforts on similar accounts.
Using LinkedIn Sales Navigator for Account Filtering
To further narrow down your focus, use LinkedIn Sales Navigator to filter your account list based on criteria that have shown success. Start by searching for growing accounts, filtering for company headcount growth or department headcount growth. Additionally, filter by industry, company headcount, and timely events such as senior leadership changes or funding events. For contact searches, use lead filters to target top personas and seniority levels, as well as prospects who are active on LinkedIn, following your company, or have recently viewed your profile. Look for direct introduction opportunities, past colleagues, and individuals from previous companies of key executives. Lastly, consider newly hired or promoted individuals, as they tend to have substantial budgets to allocate.
Prioritizing Accounts and Contacts
The traditional approach of working through an account list from top to bottom is not effective for quota attainment. Instead, prioritize accounts and contacts based on the data and insights gathered. Let the data show you what is working and who you are successfully engaging with. Use LinkedIn and LinkedIn Sales Navigator to focus on the accounts and contacts with the highest potential. The goal is to create a pipeline that resembles a martini glass, with a wide range of prospects at the top but narrowing down to the most promising ones as the pipeline progresses.
It’s territory planning season! The majority of people we reach out to will never respond to anything, so the key objective is not treating our accounts equally but cherry-picking accounts that have a higher opportunity or likelihood of closing and wanting to engage with us.
In this episode, Jason shares his actionable strategies you can implement today.
Check out the show notes, more free content, and get coaching at https://outboundsquad.com
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