The evolution of content to support the sales process in 2020 (co-branded)
How sales content changed in 2020
The evolution of content to support the sales process
What happened in 2020
Click here to watch a short introductory video
To learn more about the Eyeful-Sales Engine Alliance, please follow this link
To dig deeper into this topic, please speak to your Eyeful Account Manager or contact our Commercial Director, Luke Riordan, on +44(0) 1455 826 390 or via lriordan@eyefulpresentations.com
Happy reading!
Introduction
2020 was the year it all changed. Find out what we saw, what we learned and what you need to do next.
It needed to work harder than ever before, setting a new benchmark for quality, impact and effectiveness.
Different phases of the sales process naturally require very different content and materials to support them.
Every company has its own nuances when it comes to a defined sales process. Ultimately though, most can be grouped into 6 recognisable phases. We thought it would be useful to take a look at how the role and requirements of content has changed in each of those phases, pre- and post-2020.
Read on...
1. Demand generation
Connecting with your audience at the top of the funnel
Traditionally where marketing play, demand generation is all about finding, hooking and pulling in your target audience.
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Pre-2020
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Post-2020
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Audience
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Content
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Typically marketing owned and orchestrated outbound activity at scale
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Generic content, segmented by sector, role or persona
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Marketing generated, little to no input from sales
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Little differentiation using standard, well-worn content formats (mainly pdf’s)
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Technology
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New technologies have democratised ABM
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New technology for content delivery
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Wholesale shift to interactive webinars and online events
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Eyeful-Sales Engine Alliance Customer projects
1. Global logistics business (£2bn) SalesIQ
Created an ABM process for the business development team, including a new technology solution and the creation of a bespoke white paper to build credibility and drive the ABM engagement forward.
2. Global engineering firm (€4.8bn) SalesIQ
Supported the setup, implementation and ongoing delivery of an ABM programme to enable the customer to successfully pivot from in-person events to on-line webinars.
Early stage opportunities
Keeping prospects interested and engaged
Typically where the shift in ownership from marketing to sales happens. Sales are now responsible for nurturing a prospect, but still lean heavily on marketing to provide them with interesting content to support this.
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Pre-2020
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Post-2020
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Audience
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Content
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Technology
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Emailed out by (or on behalf of) the salesperson, typically as flat pdf’s
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No way of knowing level of engagement in the materials by the prospect
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In larger organisations, sales enablement platforms do the heavy lifting
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Eyeful-Sales Engine Alliance Customer projects
1. Global software company (£3bn) SalesIQ
Developed a video creation and editing process that allows sales to quickly record client-specific content to be shared via their existing ABM platform.
2. Travel technology provider (£2bn) SalesIQ
Supported the implementation of Seismic as their sales enablement platform, including advising on presentation and messaging design, and building new proposal documents.
Discovery and refinement
Scoping opportunities to drive out requirements and build the business case
Often highly process-driven and with complex inputs and outputs, requiring work from both the salesperson and the prospect.
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Pre-2020
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Post-2020
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Audience
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Content
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A highly structured series of prospect engagements, often pulling in technical resource
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Personalised but generic, templated, one-size-fits-all collateral creation
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Content outputs from these sessions often bland and uninspiring
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Suggests a safe pair of hands but not exciting to work with
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Discovery more important than ever – consultative sales content development is prime tool to differentiate against competition/pre-judged conclusions from prospect’s online research
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Content becomes far more tailored to unique situations and requirments
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Technology
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In larger organisations, sales enablement platforms do the heavy lifting
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The rise of mapping textbook sales processes by tool providers
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Segmentation of machine-generated templates versus highly tailored orignal materials, based on opportunity size
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Supporting a wide range of touchpoints
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Eyeful-Sales Engine Alliance Customer projects
1. Sales technology business (£6m) SalesIQ
Provided tailored sales training and coaching to UK sales and SDR teams to help deepen questioning process, build understanding of needs and better tailor presentation of solutions, in order to grow business and secure new contracts.
2. Global software company (£3bn) SalesIQ
Supporting the creation of an ROI calculator to be sent to customers during the sales process. Innovative build within Word to reduce 3 documents down to a single and easy to use document that could be sent to customers. Solution now shared globally and the in-house sponsor won an award for the project.
Proposal
Bringing it all together
The culmination of your efforts, your chance to persuade the prospect to give you the contract. Needs to do a lot of hard work to sell you above all others, while you’re not in the room.
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Pre-2020
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Post-2020
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Audience
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Greater acceptance from customers to new approaches and more willingness to view online content, over ‘traditional’ documents
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Greater awareness of powerful stakeholder groups
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Proposals may be redeveloped several times with support from coach before being shared across all stakeholders
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Content
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Traditionally, standard Word docs or pdfs. Sometimes PowerPoint or InDesign for additional design
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Often either cut and paste from previous versions, or standard templates outputted by sales platforms
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At worst, generic content, with customer name swapped out and little true customisation
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Over-reliance on technical solutions at the expense of persuasive content
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Technology
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Sales embracing agile tech to produce shorter, more creative documents, more aligned to their digital engagement with customers
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Huge uptake of video and other new ways to explain complex themes simply
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Use of technology can help ‘track’ engagement
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Analytics is key: Who is reading my content and in what depth?
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Eyeful-Sales Engine Alliance Customer projects
1. Global software company (£23bn) SalesIQ
Creation and delivery of a bespoke executive summary writing module for their global sales academy. Delivered in person in the US in March and then re-purposed to on-line for October due to pandemic.
2. Travel technology provider (£2bn) BidIQ
Supported Asiapac team with a major bid that harnessed HTML for an interactive submission document to ensure they stood out. Contract value of £9m.
Pitch
The make or break moment
The final chance for the sales team to shine face to face with the prospect.
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Pre-2020
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Post-2020
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Audience
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Remote delivery, lacking visual cues
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Shorter timescales – the message needs to be delivered more quickly and concisely
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Sales supported by SMEs to address specific audience needs
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Content
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Presentations often little more than restatement of points made in the proposal
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Information overload creates a disjointed presentation with no clear structure or message
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Overly wordy or complex slides, often poor graphics which don’t reflect the brand
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Little to no rehearsal, resulting in awkward pauses or confusing cross-talk
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Little to help the audience differentiate between competing companies
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Innovative delivery methods, but content more important – differentiate through quality of message, content and design, not tool/platform
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Team delivery more important than ever
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Technology
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Eyeful-Sales Engine Alliance Customer projects
Numerous contract wins across twelve month period from supporting a number of bids, pitches and creation of new sales collateral for sales team to take to market in 2021.
2. Global software company (£3bn) BidIQ
4 month bespoke support for Swedish sales team to secure renewal of a must-win contract. Included interim document writing, coaching, proposal and presentation support including authoring the final proposal. Result was a doubling in the value of the contract and securing the largest deal the division has ever closed.
Contract management
Retaining, sustaining and growing customers
The contract is won and delivery begins. It’s now absolutely critical that all the hard work and investment that went into winning the contract is capitalised on, through successful contract management and a flourishing relationship with the customer.
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Pre-2020
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Post-2020
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Audience
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Typically quarterly customer review meetings
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Meetings get bogged down with technical issues
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Customers no longer clear on the value and start to focus on price
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The rise of customer success
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When contracts are managed effectively:
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Reporting formats under greater scrutiny
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Content
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Sales hand over to account management and move on to the next opportunity
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Delivery starts well then urgency and innovation tails off into business-as-usual
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The running of the contract becomes an exercise in KPI management
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Technology
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New ways to demonstrate continual value being brought to contract
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Moving beyond standard docs into rich media
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Analytics to understand where customer focus lies for different stakeholders
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Eyeful-Sales Engine Alliance Customer projects
1. Nutrition products provider (£25bn)
Creation of online and hardcopy newsletters to keep NHS customers updated during the pandemic.
1. Global health insurer (£350m division of £100bn organisation) ContractIQ
Implementation of ContractIQ to transform approach to major contract management. Initial phase has £100m of contracts under new process, with 2021 expanding to rest of portfolio and complete reporting suite for management team.
As you can see, what used to work in the old world of sales is no longer good enough for the environment we work in now.
New content formats, more creativity, better messaging, clever technologies and much higher customer expectations are all contributing to a fundamental shift in the way that sales teams connect, communicate and win with both new and existing customers.
Now is the time for a root and branch review of your sales materials, content and collateral to ensure you’re setting your sales team up for success in 2021.
To learn how the Eyeful-Sales Alliance can support your content evolution, click here