Unlocking Sales Success: Creativity Over Volume with Mark Kosoglow - The Transaction - Ep # 20
Aug 15, 2024
auto_awesome
Mark Kosoglow, an experienced sales professional and advisor at HockeyStack, shares his innovative sales strategies. He prioritizes creativity over sheer outreach volume, advocating for more meaningful interactions. Mark discusses the evolving landscape of sales, highlighting the importance of a seamless buyer experience amidst fragmentation. He introduces the concept of sales rooms for streamlined communication and emphasizes leveraging tools like Slack and AI to enhance buyer-centric engagement. Ultimately, he calls for a shift towards quality-driven sales approaches.
Sales success hinges on prioritizing meaningful interactions over sheer volume, urging teams to focus on quality communication.
Understanding business data and customer insights is essential for sales teams to navigate and adapt to industry trends effectively.
Co-creating presentations with buyers fosters involvement and enhances perceived value, shifting away from traditional sales methodologies.
Deep dives
The Value of Personal Connections in Sales
Building personal connections in sales is crucial for success. The speaker emphasizes how certain individuals at conferences stand out, such as Doug Landis, whose charisma and storytelling ability attract people immediately. These connections allow for valuable conversations that can lead to productive relationships and opportunities. The interactions underscore the importance of rapport and genuine interest in building a network in the B2B sales environment.
Lessons from Sales Leadership
Mark Cozaglow is highlighted for his impressive journey from a commission-only salesperson to a leader in the sales tech startup scene. His transparent approach and notable achievements in driving results at Outreach have garnered him considerable respect within the industry. Furthermore, the loyalty and admiration expressed by his former team members demonstrate his effectiveness as a leader who fosters a supportive environment. This endorsement speaks volumes about his ability to inspire trust and dedication among his sales reps.
The Evolving Landscape of Sales Outreach
The podcast discusses the increasing number of touches required to secure meetings in sales outreach, escalating from seven touches to up to twenty-five. This rising number is attributed to the evolving communication landscape and increased competition for attention. An emphasis is placed on the need for sales leaders to rethink their strategies, moving away from simply increasing outreach volume to enhancing the quality of interactions. The challenge lies in finding innovative ways to engage prospects effectively in an overloaded messaging environment.
Rethinking Sales Rooms and the Buyer Experience
The concept of digital sales rooms is explored, with skepticism regarding their effectiveness from a buyer's perspective. While sales rooms aim to consolidate information for easier access, they can overwhelm buyers who might face numerous vendor rooms at once. The idea of creating a 'buyer room' is proposed as a solution, allowing buyers to manage information from multiple vendors in one place. This perspective emphasizes prioritizing the buyer's experience over the seller's convenience.
Co-Creation in the Sales Process
The benefits of co-creating presentations with potential buyers are discussed, demonstrating a shift from traditional sales techniques. By involving buyers in the creation of their presentation materials, sellers can tailor the conversation to their specific needs and interests. This interactive approach not only builds rapport but also equips buyers with relevant information for their decision-making. Ultimately, this technique enhances the perceived value of the sales engagement and fosters long-term relationships.
Today Mark Kosoglow, an experienced sales professional and an advisor at HockeyStack, discusses with Craig and Matt his insightful perspectives on sales strategies. He emphasizes the importance of creativity over sheer volume in outreach and the challenges posed by current sales practices. Mark highlights his approach to sales from his time at Outreach, underscoring the significance of business acumen, the use of relevant buyer experiences, and the concept of a 'buyer room.' The discussion also explores the effectiveness and potential drawbacks of digital sales rooms and inbound-led outbound strategies, concluding with a reflection on the importance of helping buyers make confident decisions.
Takeaways:
Evaluate and shift from increasing touchpoints to enhancing the quality of interactions. Encourage your sales team to prioritize meaningful, well-crafted communications rather than mass outreaches.
Train your sales team to understand and analyze business data, industry trends, and customer insights.
Develop sales processes and tools that are centered on the buyer’s journey. Consider introducing tools or methodologies that allow for co-creation with buyers to make them feel more involved and valued in the sales process.
Leverage platforms like Slack where your customers are already active. Integrate your sales communications and materials into these existing workflows to increase adoption and engagement.
Foster an environment where creativity is valued and different approaches are encouraged. This can help your team stand out in a crowded market.
Reduce friction points for potential customers, like unnecessary qualification steps. Make it easier for them to get the information and demos they need, minimizing any barriers to engagement.
Use AI to enhance the buyer’s experience, such as providing insights and recommendations based on their interactions. However, be wary of over-automation that could lead to impersonal experiences.
Chapters:
00:00 - Introduction and Story Swapping
02:46 - Endorsements and Praise for Mark
04:25 - Sales Leadership and Challenges
06:44 - The Problem with Sales Touches
14:04 - Creativity in Sales
16:45 - Business Acumen in Sales
22:11 - Marketing and Personalization
24:31 - Sales Rooms Discussion
27:10 - The Buyer's Perspective on Digital Sales Rooms
28:46 - Real-World Sales Cycle Example
30:26 - The Concept of a Buyer Room
39:26 - Inbound vs. Outbound Marketing Debate
44:22 - Reimagining the Sales Demo Process
51:29 - Final Thoughts and Conclusion
Quote of the Show:
“Sales is a numbers game, but unfortunately there's two sides to that coin. One is if you don't do enough, you won't get results. The other one is if you do too much, you won't get results.” - Mark Kosoglow