Buyer enablement is all about guiding your customers. That does not end with the initial purchase. Buyers need your guidance beyond the onboarding and implementation stages to set them up for success and lay the building blocks for a successful, long-term relationship. So, if you’re going to help your champion constantly sell for you, you need to find a way to measure their progress instead of yours.
Here’s a new set of customer centric data points we recommend to measure how your efforts are paying off and act as an alarm if things aren’t going the right way.
This is just a taste of how to measure buyer enablement. If you want to know how to dig into these metrics, you’ll want to check out Chapter 13, Measuring Buyer Enablement in Selling is Hard. Buying is Harder.
There are eight basic kinds of data you should track to measure how well your buyer enablement strategy works.
Some of these only need simple manual tracking (like using a yes/no checkbox in your CRM for champion(s) identified), but others (hint – 5, 7, and 8) will require the help of deeper tracking from the buyer enablement software you’re using.
Whatever software you’re using, whether it’s a sales enablement tool or demo experience platform, you’ll want to make sure it can show things like topics of interest, how important each topic was ranked, and if they shared the content with others.
Revenue teams forecast their deals wrong.
Like a sales-focused strategy focuses on the sales rep, most forecasting focuses on what the rep has accomplished. Yes, you’re working hard and hustling, but that’s not enough to close deals, renew accounts, and expand customer relationships.
When forecasting, look at these key areas: alignment and misalignment within the buying group and deal progression and risk the buyer enablement way.
Misalignment can happen at any step, so this is another time when you need to have a firm handle on buyer needs and stages to help your champion overcome both initial objections and emerging threats.
Again, your team’s activity has nothing to do with how far a deal has progressed or if there’s risk involved.
It doesn’t matter if you’ve sent a proposal if no one looks at it. It doesn’t matter if you do a QBR if key stakeholders don’t participate. It doesn’t matter if your champion is successful if there’s no way to socialize that success.
Ignoring what the champion has accomplished and what the buying group looks like misses a huge part of the picture. It is crucial to map out the buying stages and (probably more importantly) what the buyers need to move to the next stage, whatever that stage may be.
If you don’t know where the buyers are in their journey, there’s absolutely no way they’ll know where they are. Remember, you’re no longer a sales rep; you’re a “buying coach.”
Keep these tips in mind as you use this new data to make changes to your buyer enablement strategy:
Even if you’re not a numbers person, this portion of your buyer enablement strategy is the linchpin for the whole system. These metrics are where you really shift the focus from sales to the buyers.
It might be scary to put your data in your buyer’s hands at first, but it’s a no-brainer when you remember who closes the deal. Start betting on the right horse and use your buyer’s actions as your success map.
Up next, we’ll cover how demo automation supports buyer enablement. Want to see what else demo automation can do for your organization? Check out our extensive resource center, view a webinar, or even watch your own demo on demand.