How to create millennial friendly sales readiness program
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Transcript of How to create millennial friendly sales readiness program
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How To Create Millennial Friendly Sales Readiness
Program
@mindtickle #MTWEBINAR 1
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@mindtickle #MTWEBINAR
Meet your host
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Dhruv MarkandeyVice President, Customer Success, MindTickle
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@mindtickle #MTWEBINAR 3
A Purpose Built Platform that Powers End to End Sales Readiness
Trusted by the best sales teams:Couchbase, AppDynamics, Nutanix, Cloudera, Fuze, MuleSoft, Forescout, Symantec,
and more!.
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@mindtickle #MTWEBINAR
Agenda
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Agenda for today
○ Discuss the state of sales training
○ Understand why sales training programs fail
○ Know how to create sales training programs that work
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@mindtickle #MTWEBINAR
Meet our guest
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Peter ChildersVice President, Learning and Strategy Development, Couchbase
Peter is VP of Learning and Strategic Development at Couchbase, the leading commercial-scale NoSQL database. He is responsible for developing and implementing effective learning strategies and services for customers and partners as well as internal sales and employee enablement, to empower and enable them to get the most out of Couchbase.
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What We Will Be Talking About
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General Industry Trends in Sales Training
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@mindtickle #MTWEBINAR
State of the Industry
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Sales reps in an organisation do not
achieve quota
Companies spend $20 Bn on traditional
sales training programs every year
50 %
$ 20B 66%
66% of sales reps aren’t convinced that sales training helps
them perform
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Why sales training program fail ?
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On average, 50% of information from sales training is lost in 5.1 weeks
● Average adoption rate of a learning program is 30%*
● 50% of the information from a sales training event is lost in 5 weeks**
*Source: Report by Training Industry**Source Sales Performance International
Major factors affecting success of sales training programs are:
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@mindtickle #MTWEBINAR 9
1
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Adoption Rate
Retention Rate
Reasons why Sales Training programs fail
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What We Will Be Talking About
@mindtickle #MTWEBINAR 10
How to create sales training programs that work?
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EFFECTIVE SALES TRAINING CONTENT
IS● GAMIFIED
@mindtickle #MTWEBINAR 11
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EFFECTIVE SALES TRAINING CONTENT
IS● Gamified
● ENGAGING
@mindtickle #MTWEBINAR 12
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IS● Gamified
● Engaging
● Bite-sized
@mindtickle #MTWEBINAR 13
Bite Sized learning makes the transfer of learning 17% more efficient.
Bite Sized learning improves user engagement by 50%.
Learning in stretches of 3-7 minutes matches the working memory capacity.
Bite Sized learning courses can be produced in 300% less time.
EFFECTIVE SALES TRAINING CONTENT
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IS● Gamified
● Engaging
● Bite-sized
● INCENTIVE BASED
@mindtickle #MTWEBINAR 14
EFFECTIVE SALES TRAINING CONTENT
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EFFECTIVE SALES TRAINING CONTENT
IS● Gamified
● Engaging
● Bite-sized
● Incentive based
● ON-DEMAND
@mindtickle #MTWEBINAR 15
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IS● Gamified
● Engaging
● Bite-sized
● Incentive based
● On-demand
● ONGOING
@mindtickle #MTWEBINAR 16
EFFECTIVE SALES TRAINING CONTENT
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Results achieved at Couchbase
@mindtickle #MTWEBINAR 17
Internal - Sales Enablement:
● 90 sales and field technical personnel
● 96% completion rate within 30 days
External - Technical Developers:
● 9,000+ learners
● 16,000+ courses taken
● 47% completion rate
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Actionable steps to improve adoption and retention of training programs:
● Gamify the content to keep your reps engaged throughout the training.
● Share bite-sized information to help reps absorb the information effectively.
● Incentivise reps to keep them involved and motivated.
● Make the content available on-demand to help reps access it at their own convenience.
● Reinforce continually to improve knowledge retention.
@mindtickle #MTWEBINAR 18
Summary
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@mindtickle #MTWEBINAR
Where to find more Sales Enablement best practices
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To learn best practices from leading sales enablement teams checkout www.mindtickle.com/sales-enablement-resources
Learn more about onboarding, coaching, training and certifications from our knowledge center.
Listen to sales enablement professionals sharing best practices and solutions to common enablement challenges.
Watch sales and sales enablement leaders sharing growth hacks and tips from personal experiences in hyper growth organizations
Ebooks and Whitepapers
Sales ExcellencePodcast
Live and On-Demand Webinars
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@mindtickle #MTWEBINAR 20
Thank you!
For any questions reach out to us at
/peterchilders
/dhruv-markandey
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@mindtickle #MTWEBINAR
A comprehensive Sales Readiness platform for inside sales, field sales, and partner enablement — Onboard. Coach. Reinforce. Update.
Call us on 1(800) 231 5578 or email [email protected] to set up an appointment.
www.MindTickle.com
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