HOW TO INCREASE THE ROI OF SALES TRAINING
Tristam (Tris) Brown
CEO, Keynote Speaker: Consulting & Training Firm helping to align culture & talent with strategy for high performance
Even though $20 billion is spent on business sales training per year, more than a third of sales leaders admit that they do not have a clear idea of what measurable return they are looking for on sales training.? That is a costly mistake if you want to increase the ROI of sales training.
While investing in solution selling training skills to boost sales performance makes sense, our training measurement research found that only 1-in-5 sales reps change their behavior and performance from stand-alone sales training.? Why? Because merely conducting sales training sessions (regardless of how good they are) does not guarantee improved sales results.
The real challenge lies in fundamentally changing and reinforcing the key sales mindsets, behaviors, and skills required to consistently deliver higher sales performance.
7 Strategies to Increase the ROI of Sales Training
Here are seven research-backed strategies to increase the ROI of sales training initiatives:
1. Align Sales Training with the Sales Strategy
While having a strategy before moving to tactics sounds like common sense, you would be surprised at how often business sales training is focused on sales skills versus what is required to execute the go-to-market sales strategy.
For example, one recent client wanted to run sales training focused on helping their team to shift from selling one-off products to SaaS solutions .? They had a list of the normal sales skills like prospecting, building customer insight, selling to executives , influencing, giving sales presentations , conducting sales negotiations , etc. All those sales skills make sense.
The problem was that they did not have a clear definition of or agreement on of their ideal target client profile, their unique value proposition , or how individual and team success of the sales team would be measured or rewarded.? Without commitment to the right sales context, sales skills and techniques get diluted.? Once your sales strategy is clear enough , you can then focus on the sales strategy success metrics that the sales training must impact.
Is your sales strategy clear enough, believable enough, and implementable enough for the desired sales skills to make a difference?
2. Create the Right Sales Culture
The next step is to ensure that your sales culture is healthy enough, accountable enough, and aligned enough with the sales strategy to help, and not hinder sales performance. Do not underestimate the impact of sales culture.? Our organizational alignment research found that sales culture accounts for 40% of the difference between high and low performing sales teams.
Before you invest in the sales skills to boost performance, make sure that you remove any cultural barriers related to the way people think, behave, and work that could impede sales performance.? For example, one client wanted to decrease sales cycle time to hit aggressive revenue growth targets, but their legal department was rewarded for eliminating all risk — which delayed and often lost big deals .
Is everyone on the same page about the ways of working and thinking required to meet sales targets?
3. Get Senior Leadership Buy-In
Expecting sales reps to change without full support and involvement from sales managers is just wishful thinking. Senior leaders should actively design, encourage, participate in, support, reinforce, and role-model sales training programs. Leadership commitment and involvement signal the importance of sales development and can motivate sales reps to fully engage in the process.
Are your senior leaders setting the right expectations and holding people accountable enough for taking their sales skills and performance to the next level?
4. Customize Sales Training Content
If off-the-shelf sales training worked, everyone would be meeting their sales quotas. It is no wonder that a recent Salesforce.com survey found that only 28% of sales professionals expected to hit their quotas. Sales training that is not highly customized to help sales reps to overcome their most pressing sales challenges is not worth anyone’s time or effort.
Because sales teams are often composed of individuals with varying levels of experience, expertise, and learning preferences, a one-size-fits-all approach can lead to disengagement and ineffective learning. To get it right, invest the time to:
6. Reinforce Learning with Coaching
Training should not be a one-time event but an ongoing change management process. Post-training reinforcement through regular sales coaching and mentoring is crucial for embedding new sales skills and behaviors. Sales leaders should attend sales management training focused on how to effectively lead, manage, and coach their sales teams.
Are your sales managers engaging in consistent follow-up sessions with their teams to review progress, address challenges, reinforce expectations, and provide feedback?
7. Measure and Analyze Outcomes
To understand the impact of your sales training program, it is essential to measure training outcomes . Regularly review sales training metrics to gauge the effectiveness of the training and identify areas for improvement. Use this data-driven approach to make informed decisions about future training initiatives, provide targeted sales coaching, and make sales team adjustments.
8. Foster a Culture of Continuous Learning
Creating a sales culture that values continuous learning and development can significantly enhance the ROI of your sales training efforts. Encourage your sales team to view training as an integral part of their professional growth and development rather than a one-time training event. Recognize and reward those who actively engage in learning and apply new sales skills effectively.
The Bottom Line
Changing sales skills and behaviors takes time and effort.? Maximizing the ROI of sales training requires a strategic, personalized, and change-oriented approach that aligns with individual, team, and organizational priorities. Regular measurement and feedback ensure that these initiatives deliver tangible results, driving performance and profitability.
To learn more about how to increase the ROI of sales training, download The 6 Top Reasons Business Sales Training Initiatives Fail
Sales Coordinator @ Northrop Grumman | Customer Relationship Management | Building New Business | Order Processing
4 个月Very good points. Especially the last one about creating a culture that encourages further learning and development, I couldn't agree more. I have been in sales for over 8 years now and learn new things every day. As they say, you stop growing when you stop learning