covid-19 recovery considerations - sales training
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Washington DC 20005 · (866) 732-0363 · www.asherstrategies.com · © ASHER 2020
COVID-19Recovery
Considerations
+ Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
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73-75 Nixon Wage/Price ControlsOPEC EmbargoArab-Israeli War
81-82 Iranian Oil EmbargoTight Monetary Policy Fighting Inflation
90-91 Savings and Loan Crisis
Oil Price Shock
2001 9/11Collapse of Dot-com Bubble
2008-09 Deregulation of the Financial Industry
Need for More Mortgages to Support Hedge Funding with Derivatives
2020-21 CoronavirusUnique/Stay-At-Home
Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
Recent Recession History
+ Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
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Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
• Focus on employee well-being (personal and professional)
• Focus on current customers and current prospects- Emphasize gratitude, empathy,
listening, free help, discounts
• Focus on new prospect companies that are doing well in the recession
• Focus on other new prospect companies- As the recession resolves
• Emphasize your uniqueness- USPs- “WHY”- Customer case studies with ROI
• Hire new salespeople- Especially great ones not normally available
Successful Businesses Turned Recession Into Success (Chaos Equals Opportunity)
+ Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
Successful Businesses Turned Recession Into Success (con’t) (Chaos Equals Opportunity)
• Stay lean- Decrease most costs- Increase investment in sales
and marketing activities
• Invest in your people- Help them “sharpen the saw”
• Recognize that America 2.0 will be different
- Brainstorm the expected differences
- Look for new opportunities
• Reevaluate everything- Vendors- Partners- Employees- Processes- Current customers
+ Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
Successful Businesses Turned Recession Into Success (con’t) (Chaos Equals Opportunity)
• Implement new technologies to improve sales and marketing processes
- AI for prospecting- SLACK for team productivity- Marketing automation to get qualified
sales leads- 100% CRM implementation- Crystal Knows to see buyer’s personality- VoiceVibes to improve vocals for
salespeople- Interactive/on-line forms- LinkedIn Sales Navigator- Docusign for proposals
• Adjust processes for stay-at-home implications
- Video conferencing- Travel
+ Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
Global McKinsey Survey of B2B Buyers and Sales Leaders
• Digital interactions 2.5 times more important than traditional interactions
• 90% of sales have moved to VC/Phone/Web Sales Model
- 50% of buyers feel it is more effective
• Sales leaders rate digital channels twice as important as face-to-face
• Suppliers mobile apps are twice as important
+ Recent Recession History
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ASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.comASHER | Global Leader in Growth Strategies · 1300 13th Street, NW · Suite #608 · Washington DC 20005 · Phone (866) 732-0363 · www.asherstrategies.com
• Remote selling in certain industries now 100% - Technology, Media, Telecom
• 30% of buyers like the shift to digital
• Proposing a VC to a prospect (e.g. Microsoft Teams) is now more welcome than a phone call
- Become a VC expert - Train your salespeople
• America 2.0 will be much different than America 1.0
- Get used to the new normal- Don’t waste time “hoping” it will return to normal- Hope is not a strategy
McKinsey Study (Bottom Lines)