flevyblog

Flevy Blog is an online business magazine covering Business Strategies, Business Theories, & Business Stories.
MANAGEMENT & LEADERSHIP STRATEGY, MARKETING, SALES OPERATIONS & SUPPLY CHAIN ORGANIZATION & CHANGE IT/MIS Other

The Death of a Field Salesperson

Editor's Note: Take a look at our featured best practice, Key Account Management 101 - Best Practices (47-slide PowerPoint presentation). Having a robust and streamlined Key Account Management (KAM) Program is critical, because it helps organizations build strong and long-lasting relationships with their most important clients. This PowerPoint presentation provides a step-by-step, detailed approach to designing a Key Account [read more]

* * * *

Editor’s Note: Grant Stanley is a seasoned Business Coach and a Sales & Marketing Expert with a 20+ year outstanding Sales and Marketing record. He is also an author on Flevy, where he has published materials from Business Fundamentals to Management and Leadership Excellence.  Take a look at all of Grant’s Flevy best practice documents here.

* * * *

Field sales is on the verge of a revolution, with several trends completely redefining what it will take to be a market leader over the next five years.

Analytics software and AI have given sales executives access to historically unprecedented amounts of data and computing power, allowing them to predict with a high degree of precision, the most valuable sales opportunities. The fastest growing companies are using advanced analytics to radically improve their sales productivity and drive sales growth with minimal additions in their sales teams.

Also, radical changes in buyers’ preferences, with buyers being more content-driven, tech-savvy, and comfortable engaging via digital mediums, has led to the rise of a new breed of Sales Leader who brings technical expertise and a strategic mind-set. This is also transforming what sales organisations look like, with a sharp reduction in Field Sales and Marketing, and rapid growth in Inside Sales and Analytics teams.

A significant shift toward subscription-based business models has redefined how customer relationships are managed. No longer is a sale a one-time “won and done” deal. In a world of recurring revenues, sales need to be won every month, quarter and year. As a result, successful customer-service managers are becoming increasingly more valuable, and sophisticated sales teams are aligning themselves closely to the long-term success of their customers.

With the mandate for social distancing, even Field salespeople must now work remotely, using online video, social selling, email, and more. I estimate that, well before work-from-home directives, most field salespeople were communicating with customers digitally more than half of the time anyway. This was enabled by the increasing quality and ubiquity of digital-communication technologies, along with the increasing majority of buyers and sellers who are digital-savvy. Digital connection works especially well with repeat customers, and buyers who are well-informed.

That will have to change. The current crisis will force even the most technology-challenged to migrate to video platforms such as Zoom or Microsoft Teams. We are seeing this already in people’s personal lives.

Hard-hit industries in travel and entertainment have already made many salespeople redundant. Some of these jobs will never return. Downsized organisations must re-deploy field-sales efforts to key customers and sales activities, while boosting the use of digital self-service and inside sales channels. Eroding sales will constrain companies’ ability to pay salespeople incentives, which often represent a large portion of salespeople’s pay.

In the last year, the growth in the number of jobs for both Inside salespeople and Customer Service Managers has far outpaced growth in jobs for Field salespeople. These trends will accelerate as companies rebounding from the pandemic seek to match sales efforts with the way their customers want to buy.

Inside sales roles reduce sales costs and align well with digitally savvy and informed buyers. CSMs encourage customer loyalty and retention by helping customers realise ongoing value.

Practically every aspect of the sales organisation will accelerate down the path of digital value and innovation. Sales managers will become more comfortable coaching and managing remotely. Sales organisations will leverage technology to make sales recruiting, training, and other programmes more effective and efficient. I expect many organisations with Field Sales teams will emerge from this difficult time with a digitally savvier sales culture that is well-positioned to drive future success.

The modern salesperson still feels that the field is their rightful place of battle. However, as each year passes, they spend less and less time there. And when they do gear up and venture forth, their efforts on that front are increasingly erring towards customer service activities.

When we build this new sales function, we need to build it from the Inside Out and not from the Outside In.  You will discover that this Inside-Out approach results in vastly superior interfacing between you and your customers. But the better news is that this model is easy and inexpensive to scale.

Any organisation intent on shifting from Field to Inside sales must know if that transition will suit its market. If you’re weighing the idea of making the switch, consider adjusting the nature of your sales model on a sector by sector basis — changing or maintaining your operations for different accounts based on factors like location, account size, or stage of the customer engagement process.

The death of Field Sales does not mark the end of Field salespeople. They still exist, and they always will. What it does mark is the beginning of a new era, where sales are essentially an inside function.

You will come to discover that the Inside-Out sales model results in happier customers, a lower average cost of sale, and a faster-growing business.

It is time to knuckle down and exploit this exciting new reality.

If you require guidance, tools or coaching in this area, please feel free to visit the website or reach-out and contact me.  See my author bio below.

19-slide PowerPoint presentation
This document serves as a comprehensive set of templates for Key Account Management. Sections include Relationship Map, SWOT Analysis, Marketing Plan, Sales Pipeline, Competitive Footprint, and more. The templates are the same used by Fortune 100 companies when performing Strategic [read more]

Do You Want to Implement Business Best Practices?

You can download in-depth presentations on Sales and 100s of management topics from the FlevyPro Library. FlevyPro is trusted and utilized by 1000s of management consultants and corporate executives.

For even more best practices available on Flevy, have a look at our top 100 lists:

These best practices are of the same as those leveraged by top-tier management consulting firms, like McKinsey, BCG, Bain, and Accenture. Improve the growth and efficiency of your organization by utilizing these best practice frameworks, templates, and tools. Most were developed by seasoned executives and consultants with over 20+ years of experience.

Readers of This Article Are Interested in These Resources


104-slide PowerPoint presentation
Why should you buy Breakout Sales Growth (ak; BSG)? "Because BSG is a best practice strategy designed to consistently achieve revenue goals, that's why! And… Breakout Sales Growth has just been updated to reflect marketplace changes, I think you will like it," Howard [read more]


 
15-slide PowerPoint presentation
 
 
141-slide PowerPoint presentation

About Grant Stanley

Grant Stanley is an experienced Sales & Marketing Leader with over 20+ years coaching, training, and developing New and Existing Business. With experience in IT, Telecom, Capital Equipment, and FMCG, Grant shares his business experiences and expertise on his blog, CSM Consultants (Inspiring & Enabling Change). Grant is also an author on Flevy, where he has published materials from Business Fundamentals to Management and Leadership Excellence. Take a look at all of Grant's Flevy best practice documents here. You can also connect with Grant Stanley on LinkedIn here.

, ,



Complimentary Business Training Guides


Many companies develop robust strategies, but struggle with operationalizing their strategies into implementable steps. This presentation from flevy introduces 12 powerful business frameworks spanning both Strategy Development and Strategy Execution. [Learn more]

  This 48-page whitepaper, authored by consultancy Envisioning, provides the frameworks, tools, and insights needed to manage serious Change—under the backdrop of the business lifecycle. These lifecycle stages are each marked by distinct attributes, challenges, and behaviors. [Learn more]

We've developed a very comprehensive collection of Strategy & Transformation PowerPoint templates for you to use in your own business presentations, spanning topics from Growth Strategy to Brand Development to Innovation to Customer Experience to Strategic Management. [Learn more]

  We have compiled a collection of 10 Lean Six Sigma templates (Excel) and Operational Excellence guides (PowerPoint) by a multitude of LSS experts. These tools cover topics including 8 Disciplines (8D), 5 Why's, 7 Wastes, Value Stream Mapping (VSM), and DMAIC. [Learn more]
Recent Articles by Corporate Function

  

  

  

  

  

The Flevy Business Blog (https://flevy.com/blog) is a leading source of information on business strategies, business theories, and business stories. Most of our articles are authored by management consultants and industry executives with over 20 years of experience.

Flevy (https://flevy.com) is the marketplace for business best practices, such as management frameworks, presentation templates, and financial models. Our best practice documents are of the same caliber as those produced by top-tier consulting firms (like McKinsey, Bain, Accenture, BCG, and Deloitte) and used by Fortune 100 organizations. Learn more about Flevy here.
  


OUR CORE OFFERINGS
Flevy Marketplace: Top 100
· Strategy & Transformation
· Digital Transformation
· Operational Excellence
· Organization & Change
· Financial Models
· Consulting Frameworks
· PowerPoint Templates
FlevyPro (Subscription Service)
KPI Library
Streams (Functional Bundles)
Flevy Executive Learning (FEL)
PowerPoint Services

FREE Resources

About Flevy
Management Topics
Marcus (AI-Powered Consultant)
Partner Program
LinkedIn Influencer Marketing
FAQ / Terms / Privacy / Blog
Contact Us: support@flevy.com



CONNECT WITH US!
       
TOP 100 TRENDING TOPICS
Acquisition Strategy
Agile
Analytics
Artificial Intelligence
Balanced Scorecard
Best Practices
Big Data
Breakout Strategy
Business Continuity Planning
Business Plan Financial Model
Business Transformation
CMMI
COBIT
Change Management
Cloud
Communications Strategy
Company Financial Model
Competitive Advantage
Competitive Analysis
Consulting Frameworks
Continuous Improvement
Core Competencies
Corporate Culture
Cost Reduction Assessment
Customer Experience

BROWSE BY FUNCTION
Strategy, Transformation, & Innovation
Digital Transformation
Operational Excellence and LSS
Organization, Change, & HR
Management Consulting

Customer Journey
Customer Service
Cyber Security
Data Privacy
Decision Making
Digital Marketing Strategy
Digital Transformation
Digital Transformation Strategy
Due Diligence
ESG
Employee Engagement
Employee Training
Enterprise Architecture
Growth Strategy
HR Strategy
Hiring
Hoshin Kanri
ISO 27001
ITIL
Information Technology
Innovation Management
Integrated Financial Model
Kaizen
Kanban
Key Performance Indicators

ADDITIONAL RESOURCES
Business Strategy Frameworks
Case Studies
Consulting Training Guides
COVID-19 Trend Data
Digital Transformation
Financial Advising Services (FAS)

Knowledge Management
Leadership
Lean
Lean Manufacturing
Logistics
M&A (Mergers & Acquisitions)
Manufacturing
Market Research
Marketing Plan Development
Maturity Model
McKinsey PowerPoint
McKinsey Templates
Operational Excellence
Organizational Change
Organizational Design
Performance Management
Post-merger Integration
Pricing Strategy
Process Improvement
Process Maps
Procurement Strategy
Product Launch Strategy
Product Strategy
Project Management
Quality Management


Free Resources
KPI Library
Lean Management
Lean Six Sigma Training Guides
Marcus Insights
Operational Excellence

Real Estate
Remote Work
Restructuring
Risk Management
Robotic Process Automation
SWOT
SaaS
Sales
Scrum
Service Design
Six Sigma Project
Social Media Strategy
Strategic Planning
Strategic Thinking
Strategy Development
Supply Chain Analysis
Sustainability
Target Operating Model
Team Management
Total Productive Maintenance
Value Chain Analysis
Value Creation
Value Stream Mapping
Visual Workplace
Workplace Safety


Product Strategy
Small Business Owner
Startup Resources
Strategic Planning
Strategic Planning Process
Value Innovation Strategy


© 2012-2024 Copyright. Flevy LLC. All Rights Reserved.