[Live Training] Territory Planning: Steal this framework to find quick wins and hit quota in Q1
Jan 30, 2024
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Nick Cegelski, an expert in Territory Planning, joins the podcast. They discuss the importance of being strategic in sales, understanding different industries, using job postings for prospecting, creating 30 60 90 plans, dealing with sales management pressure, consuming relevant content, and using specific language and social proof in communication.
Territory planning helps prioritize accounts and prospects with the highest potential for success.
Segmenting accounts and personas based on past wins refines targeting and increases chances of success.
Using an 80/20 approach in prospecting maximizes results and avoids wasting time on unproductive leads.
Deep dives
Effort required for successful prospecting
Prospecting for new meetings often requires 12 to 15 touches, including phone calls, emails, and social media interactions. These efforts cannot be easily automated, making it crucial to be selective with your use of time. Territory planning plays a vital role in prioritizing the accounts and prospects with the highest potential for success. By reverse engineering past wins and identifying common attributes, such as industries, personas, and compelling events, you can focus on cherry-picking opportunities that align with your previous successes.
Segmenting your accounts and personas
An effective strategy in territory planning is to segment your accounts and personas based on your past wins. Instead of treating all accounts equally, prioritize the industries and personas that have brought you the most business. By focusing on the specific attributes of these accounts and personas, such as employee count, type of law practiced, number of offices, and technological readiness, you can refine your targeting and increase your chances of success. Additionally, leveraging social proof, such as identifying the past companies of current clients and targeting newly hired executives within your existing accounts, can further enhance your prospecting efforts.
Optimizing your prospecting and refining your approach
When prospecting within your territory, it is essential to follow an 80/20 approach at every level. Begin by focusing on the 20% of accounts that have the highest potential, then identify the 20% of contacts within these accounts that align with your target personas. Prioritize warm introductions, connections, and engagements to capitalize on the low-hanging fruit before resorting to cold outreach. By continually refining your prospecting efforts based on past successes and easy wins, you can maximize your results and avoid wasting time on unproductive leads.
Focused Territory Planning
When it comes to territory planning, it is important to prioritize your efforts. The 80/20 principle should guide your decision-making. Rather than spreading yourself too thin across all accounts, identify the 20% of accounts that are worth your effort. Allocate your time and resources into these high-value accounts to maximize your yield and success.
Using LinkedIn for Targeting
LinkedIn can be a powerful tool for targeting and prioritizing accounts. Sales Navigator can help you filter and identify specific industries, personas, and solutions that align with your target market. By using filters such as headcount growth, industry category, and recent activities, you can narrow down your focus and identify the best-fit accounts for your sales efforts. Additionally, using LinkedIn to track job changes and company updates can provide valuable insights and help you personalize your approach to prospects.