Roundtable 2006 davis

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Transcript of Roundtable 2006 davis

Page 1: Roundtable 2006 davis
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Robust Sales Model

Fundamentals

Attention

Gain the prospect’s favorable attention

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Discovery

1) Find true reason for calling/cancellation

2) Find ways to sell value

Robust Sales Model

Fundamentals

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Solution

1) Fix the problem, if there is one

2) Sell the value, or better yet, let

the customer sell themselves

Robust Sales Model

Fundamentals

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Offer

Give the customer a reason to pay, and pay now, over the phone

Robust Sales Model

Fundamentals

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Robust Sales Model

Fundamentals

Close

End on a positive note

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The Six C’s of Coaching

Catch them in the act

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The Six C’s of Coaching

Commitment to continuous

improvement

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The Six C’s of Coaching

Compliment

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The Six C’s of Coaching

Coach (Crucial Conversations)

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The Six C’s of Coaching

Compare the Difference

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The Six C’s of Coaching

Control

System

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Add value on

every call

Selling Value

Things to Remember

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Target Value

Through In-

Depth Discovery

Selling Value

Things to Remember

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Deliver Compelling

Features and Benefits

Based on Targeted

Value

Selling Value

Things to Remember

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Improved customer

experience

USA Today H.E.R.O.E.S

Our Expectations:

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Higher

conversion

rates

USA Today H.E.R.O.E.S

Our Expectations:

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Improved

Retention/Reduced

Churn

USA Today H.E.R.O.E.S

Our Expectations:

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Inclusive training

design/development

Implementing HEROIC Change

Create Buy-In

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Implementing HEROIC Change

Create Buy-In

Lots of hype with the

reps on the floor

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Implementing HEROIC Change

Create Buy-In

Kick-off with VP of the

department

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Implementing HEROIC Change

Training, Training, Training

Coaching Training: 3

Days – Supervisors,

Managers

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Implementing HEROIC Change

Training, Training, Training

Rep Training: 4 Days –

All reps, even those

with minimal phone time

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Implementing HEROIC Change

Training, Training, Training

New techniques with role

play and plenty of fun!

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HEROES Retention Call Flow

•Gain the Subscriber’s

Favorable Attention

•Fully understand what the

subscriber loves about your

paper

•Find ways to add value – the

“Prize inside”

•Listen, Ask, “TELL ME MORE”

– Are there any underlying

issues?

•Handle subscriber’s

request/fix the problem

•Handle subscriber’s

request/fix the problem

•Give the subscriber a

reason to accept your

offer, today!

•End on a positive note –

reinforce the value!

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0.0%

6.9%

13.2%

18.8%

23.7%

30.1%

35.2%

31.3%

0.0%

5.0%

10.0%

15.0%

20.0%

25.0%

30.0%

35.0%

40.0%

Before

HEROES

Q3 2004 Q4 2004 Q1 2005 Q2 2005 Q4 2005 Q1 2006 Q2 2006

Saves

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11.3%12.2%

19.4%

26.7%27.9%

0.00%

5.00%

10.00%

15.00%

20.00%

25.00%

30.00%

Before HEROES Q3 2004 Q4 2004 Q1 2005 Q2 2005

Renewal Payment Percentages

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3.0%

4.0%

5.2%

6.7%

7.3%

0.00%

1.00%

2.00%

3.00%

4.00%

5.00%

6.00%

7.00%

8.00%

Before HEROES Q3 2004 Q4 2004 Q1 2005 Q2 2005

EZ-PAY Conversions

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34.0% 33.8%

39.6%

0%

5%

10%

15%

20%

25%

30%

35%

40%

45%

50%

Q4 2005 Q1 2006 Q2 2006

EZ-PAY Conversions

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Impact on Retention

The HEROES initiative was one

of many elements (quality

starts, database intelligence,

rate strategies, etc.) that has

contributed to…

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Impact on Retention

Retention: 8% Lift!

Churn: 21% Reduction!

Average Rate: 11.5% Increase!

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