ProSellus, Inc. – One of Houston’s fastest growing healthcare software startups announces partnership with Redhouse Associates

PRESS RELEASE

HOUSTON, TX – 03/06/17 – ProSellus, Inc., one of Houston’s fastest growing healthcare software startups, today announced a partnership with Redhouse Associates, one of Houston’s most successful startup accelerator teams.  ProSellus will work closely with the Redhouse to accelerate product development, add functionality to its existing products and prepare it for future growth. Currently, the ProSellus Linx™ Tool serves the healthcare sales industry, particularly medical devices that have a need to target the right physicians quickly, build networks effectively, and grow revenue exponentially. ProSellus Linx™ is a sales acceleration tool that directly impacts revenue for the busy healthcare sales person by utilizing massive amounts of critical healthcare data and delivering it into an easy-to-use mobile tool. ProSellus Linx™ is on track to disrupt the sales tactic status-quo and pioneer a new way to improve the bottom line.

“With our product only having been on the market for 6 months, we have managed to build a solid customer base with several major medical device corporations. This new partnership with Redhouse Associates will enable us to continue on our growth trajectory and expand into other markets.” said Scott Walle, the Founder and CEO of ProSellus. “The exceptional caliber and management expertise of RedHouse Associates is a tremendous asset to the ProSellus team. We are excited about the market opportunity and believe that Redhouse Associates will help accelerate our growth.”

“After our first meeting with ProSellus, it was clear that they are able to deliver a sales acceleration solution to the medical device sales industry that is revolutionary and unprecedented,” said Doug Erwin of Redhouse Associates. “The founders of ProSellus are proven entrepreneurs and we are excited about the size of the market, the potential sales pipeline, and reference-able customer base. We feel that this type of technology will not only apply to the medical device industry, but other industries in the future.”

About ProSellus, Inc.

ProSellus, Inc. is a pioneer of the next healthcare sales revolution. We are veteran medical device sales leaders who have turned a proven networking methodology into a sales acceleration solution which is unparalleled in the marketplace and will impact medical device and pharmaceutical sales businesses like never before. The ProSellus Linx™ Software System is designed to empower healthcare companies to connect their physicians to business growth opportunities. It is the first solution built to aggregate complex healthcare data which helps sales professionals build networks effectively while in the field. By utilizing ProSellus Linx™, healthcare sales companies will not only differentiate themselves from the competition, but create a significant competitive advantage while accelerating revenue growth.

About RedHouse Associates, LLC 

RedHouse Associates provides strategic advice and services to assist clients in developing business plans, devising product strategies, growing sales organizations, preparing senior management teams for interaction with investors, and advise our on raising capital and strategic exits.  Visit www.RedHouseAssociates.com for more information.

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Healthcare Sales: How to nail your territory

You already know how ProSellus can augment and streamline your healthcare sales business. Whether you’re new to the game or a grizzled veteran (like me), you know there are certain key strategies even big data can’t replace. We touched on a few things in our Beginner’s Guide to Marketing, so consider this the next chapter in that same direction. Of course, for some of us, it might just be a much needed refresher course!

Three Core Traits All Sales Reps Should Have (to be successful!)

Psst: we are going to let you in on a few secrets – all successful reps seem to have 3 key traits when running their business. The first one is effective listening. If you don’t actually hear what your potential client is telling you, you could miss a very important opportunity and ultimately lose a sale. As a sales person, I was told a million times, “You were given two ears and one mouth for a reason; use them proportionately.”

The second key trait is the ability to create meaningful relationships and challenge the customer to think differently. Some people might tell you that formal sales training matters more than interpersonal skills, but they’d be wrong. Beyond the ability to be well-liked or hold a conversation, you have to learn how to forge lasting bonds of trust with your clients. If they trust your business acumen, integrity, and ability to be a significant resource, you can build anything with them.

The third key trait is one you’ve probably heard a million times: organization and goal setting. The old saying “If you fail to plan, you plan to fail” goes triple for the work of sales reps. With the amount of accounts, information, and numbers you have to maintain and monitor, strong planning abilities and an affinity for color coding are pivotal for any sales rep.

I can’t stress the last key trait enough, Planning & Goal Setting, because this may be one of the most important habits you can create in order to be a dominating force in the Healthcare Sales Industry.

As I mentioned before one of the significant challenges associated with planning is there are SO MANY MOVING PARTS to running a successful healthcare sales territory!  Just take a snapshot for a quick second and think about how many accounts you have to manage, both physicians and facilities (hospitals, surgery centers, etc), coupled with all the tasks for each!  Now, if you’re really successful you know how to connect the dots of customers to potential referring customers and after a quick few weeks it’s a tangled web you can’t control… But what if you could? What if you could literally control the market? What would that possibly look like to your territory then?

The Second Ultimate Secret Weapon

ProSellus is your ultimate secret weapon when it comes to selling strategies. But you can’t reap the full benefits of this amazing product without pairing it with the second ultimate secret weapon: realistic expectations and goals. We touched briefly on the importance of goal setting, but you have to run before you can teleport. Realistic goal setting applies in two ways: with yourself and with your clients. You need to be honest with yourself about how many things you can accomplish in a day. Once you’ve identified what you CAN accomplish, add two or three more things to that list. You know the saying, “Shoot for the moon. Even if you miss, you’ll be among the stars” – that’s the idea here. Then, you need to be realistic about your clients. A physician with a small, family-focused practice won’t be interested in the same opportunities as a large scale business.

There are more tips and tricks to identify, of course, but this is merely chapter two in our ever evolving Beginner’s Guide to Everything. If you’d love to learn more about how ProSellus can upgrade your healthcare sales arsenal, email me at scottwalle@prosellus.com. Let’s discuss your present, but, more importantly, your future using actionable intelligence to improve profits and efficiency.

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You Snooze… You Lose

Being ‘old school’ with technology can be the kiss of death

During the press conference to announce NOKIA being acquired by Microsoft, Nokia CEO ended his speech by saying,  “We didn’t do anything wrong, but somehow, we lost.”  Upon saying this, his management team, himself included, teared sadly. Nokia has been a respectable company. They didn’t do anything wrong in their business, however, the world changed too fast and their opponents were too powerful. They lost.

The moral of the story is one which has been told thousands of times – You Snooze, You Lose.  Technology is a moving target these days folks, and if corporations don’t consistently, and I mean consistently, keep up with the innumerable amount of tools available to help achieve revenues, and use them, then they simply will be left behind.

The competition is already fierce, don’t be old school.

A tale which is also often heard, is that the Healthcare Sales Industry is behind the times when it comes to leveraging new sales technologies.  We hear the terms “prehistoric operations” or “dinosaur tactics” when it comes to how a lot of these companies run marketing, business development and sales. In stark contrast, we continually hear about the latest CRM’s, Marketing Automation platforms, SEO companies, Social Media platforms, and Inbound/Outbound strategies. It’s quite dizzying when you really pay attention.  So, my question is really pretty simple: Who’s buying all of this tech stuff?

Many companies are leveraging some form of automation as part of their “Tech Stack” or outsourcing agency assistance as part of their Go-To-Marketing strategy.  Why wouldn’t you? Why would you continue to travel via horse when cars are available? Sure, the horse works and he can get you from point A to point B – but the car can do the same thing, in a faster, more efficient way. It’s a no-brainer. So, why are these dinosaur tactics still around?

I believe one of the biggest reasons a lot of companies and salespeople operate in prehistoric times is resistance to change. The world changes, yet for whatever reason, it takes some folks a lot longer to change with it. Then you see the unfortunate result, just as Nokia did. Dust.

It could have been avoided. In fact, if you are in the medical device industry, you had better already be in the process of stepping up your game.  According to Morgan Phillips Executive Search, “The medical device industry is one the biggest industries in the $3.2 trillion global healthcare sector. The last decade has seen the industry go through a big shift, driven by innovation and new technologies.” The complex nature of the sales process for medical devices makes it very difficult to build and deliver a meaningful experience.  They are increasingly figuring out innovative ways to build compelling experiences while building credibility with their customer physicians.

Bridging the Sales Gap

While these sales folks are becoming more and more adept at utilizing new sales and marketing technologies, a gap still exists in the process. This void lies somewhere between a sales rep being handed a list of physicians to call upon and delivering an over-quota performance. Can you guess what lies inside this gap? I can.  In my 15 years of medical device selling, I managed to bridge that gap manually. I took my manual processes and automated them into a dynamic mobile solution. The ProSellus Linx Tool is innovative and revolutionary to the healthcare sales world. Reach out to me at scottwalle@prosellus.com and let me show you how leave the dinosaurs in the past where they belong.

Remember, if you ignore the new ways to increase your competitiveness in the sales industry, you might as well look for a new career. Like Nokia…you will turn to dust and, quite possibly, so will your company.

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Learning the Market: A Beginner’s Guide

In this age of DIY and endless “How To” Guides, it’s no surprise that there are endless suggestions on how best to educate yourself about business. Market research has also never been easier and yet more difficult. With so many tools to extract all kinds of data, you can get overwhelmed or lost easily. Even experienced healthcare sales reps and Fortune 100 companies have struggled in this Wild West market.

Step One: Use the Tools That Work For You

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There are hundreds of data interpretation tools and analytics software in the world today. Instead of trying to parse through information yourself, you can benefit from these analytical tools. Whether you’re a newbie or a veteran in the healthcare industry, you might still be operating on pen and paper (or the electronic equivalent: spreadsheets). While maintaining client information that way isn’t necessarily bad, wouldn’t it be more cost-effective and more time efficient to have that information at your fingertips?

LearningTheMarket3Let’s tap the brakes here for a second Tonto…

That entire paragraph above scares people like you and me.  Ditch my pen and paper? Are you crazy? The overwhelming majority of software tools that “allegedly” are supposed to, “interpret data or provide analytics and maintain client information, etc,” have either been SO complex or SO unintuitive that we salespeople toss them aside. They literally don’t get used, unless of course we are forced to use them.  Even then, the results are subpar at best.

So, how do you bridge this gap we healthcare salespeople have with technology?  Not always like the example above, but many salespeople are resistant to technology and resistant to change.  For example, here is a conversation I’ve witnessed many times between managers and reps:  “Why do I have to use this stupid tracking tool now? I’ve made my quota for years without it.  Do you not trust me to just do my job? Why is it that you guys (corporate and managers) think you’re helping us with your tools, when really you’re making it harder to sell.  How about this: How about you guys actually give the sales people a tool that actually helps us sell!?!?”

Shocking idea… I know…

Ok. I’m glad I got all of that out. I feel better now…

Sales Acceleration is a strategy that incorporates the three biggest facets of the digital age: efficiency, interconnectivity, and influence. To that effect, ProSellus is your all-in-one tool.

Step Two: Do Your Research

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Even though you don’t need to go to the library much anymore, you still need to hunker down and do your research on your current and future clients. Forbes suggests that it is the “key to success” which is exactly what we told you in our last blog. Another Forbes article offers tips to help better identify your target market, but the kind of research you need to do as a sales rep goes way beyond simply saying “my market are these buyers.” You need to craft relationships with physicians, nurse practitioners, physician assistants, physician staff and companies – and then maintain those relationships. This means that “research” isn’t just googling information about something, rather, it’s checking in on clients every month, asking about their equipment, and asking about their lives.

Step Three: Build Your References

This step might not be the most difficult, but it is the most important. Once you’ve built the foundation of relationships and developed steps to maintain them, you need to build a network of references. The only advanced mobile tool of its kind, Linx by ProSellus, allows you to manage your market in ways like never before. The unique part about this tool is that it is has social media platform-esque qualities combined with a customer relationship management system. The best part? It is mobile and simple to use. You want to harness your target market in all the ways we have explained above?  This tool is your answer.

Can You Influence Your Market?

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The next question is: who really controls the market? Is it even possible for someone to control the market? Here’s an idea: what if that person was you? Email me at scottwalle@prosellus.com to find the answers to these questions. In the meantime, check out our other blog posts for more ways you can improve your sales rep business!

 

 

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Your First Key to Success

No matter what industry you’re a part of, the biggest concern may not necessarily be the product or service you represent. Is it the people who work for the company? Maybe it’s the price point or barriers to entry associated with the product or service. In reality, it’s the market you serve. After all, they are the ones who purchase the product or service your company provides – no matter at what level you may be involved. We’ve already provided you with a few ideas on what tools can help you bring your Healthcare Sales Reps into the digital age. Now you just have to answer one question: who is the most influential physician in your market?

Quality vs. Quantity

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This is an adage you’ve heard often: “It’s about quality vs. quantity.” But what does that really mean for Healthcare Sales Reps? In an industry based on quantities and quotas, is “quality” even a factor? In a way, yes. Take a look at your list of physician customers. If you’re not already using the ProSellus Linx Software App with all that information at your fingertips, it might take you a minute. Once you’ve got it, identify the physician with whom you have the best relationship. Now identify the physician who provides you with the most business. What’s the difference? Now it’s time for the “nitty-gritty”: take a look at those two physicians in the context of the entire industry and ask these questions:

  • How do the numbers stack up?
  • What’s the scope of each physician’s business?
  • Has either physician referred you to other doctors and physicians?
  • What are the differences between the professional networks of each physician?

Quantifiable Influence

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Similarly to how companies are utilizing “influencers” on social media, you can make your most influential physician customer work for you. You can also do this without having a “robust social media (Facebook, Instagram, etc campaign.” All you need to do is incorporate the win/win relationship strategies we’ve discussed and get some simple information from your most influential customer. Customer testimonies come off as “hokey” in cheesy infomercials, but they’re still one of the most effective strategies in marketing. Not only can their endorsement increase your sphere of influence and customer base, it increases your reputation.

Added Bonuses

Your most influential clients can help you in other ways, too. In the process of identifying your most influential customer, you can better understand your overall market, as well as specialized markets. Basically, identifying your number one client helps you perform a more targeted market analysis. With the new data you’ve gathered, you can craft your sales pitches and marketing materials to better fit your target market.

Want to Confirm Your Thoughts?

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Performing your own market research is a paramount tactic for any sales rep, but you’re still subject to bias and human error. With so many tools at your disposal, it can be difficult to know which ones will work best for you. Email me at scottwalle@prosellus.com and let’s discuss the implementation of your first key to success.

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Reaching the Apex of Value for your Customer

Navigating the world of Healthcare Sales is a significant task. Those who have lived it, know it.  I lived it for 15 years. There is a reason working as a sales rep in this industry can be so profitable. It’s a highly competitive market, sometimes a saturated market, and the product differentiation is minimal at best. So, how do you stand out as a rep among the pack? There are many tricks you can hide up your sleeve and you can always employ the tried and true tactic: entertaining your physician. Of course, that’s not necessarily unique anymore and due to the Sunshine Act, many actions require documentation which will be reported.

Creating Your Own Value

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Dr. Richard Ruff from Sales Horizons offers a multitude of online courses to help medical device reps gain skills which will (no doubt) give them an advantage in the field. Dr. Ruff even wrote an article on how sales reps create value and differentiate themselves from competitors. In the article, he talks about how sales reps need to learn to create value that is unique from the product features and benefits.

“…products have no inherent value.  Products possess features; they do not possess value.  Value is a relative idea that is all about fit – the fit between the customer’s needs and your solution.”   —  Richard Ruff

It’s refreshing to hear this perspective. This is also a true statement. So – how does one create this value? There is no question that training is key. Understanding your product, your market, your competition, selling strategies, and your customer base are all vital to the success of your business. But, let’s face it – all of the things we just mentioned are merely the price of admission. In today’s world, you MUST do those things just to have a conversation with a potential customer. You might ask, “But what about the companies that have 800 or 900 reps? Are they going to be given access to the level of training they need in order to break away from the pack and will the company pay for it?” No matter if you’re a self-employed rep or a rep in a crowd of hundreds, something is probably missing from your business puzzle.

An Old Angle; A New Opportunity

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What if there was an easier way to harness value for your customer? Pro-tip: there is a way, but first you must understand not only your customer, but a new perspective. You need to view value from the customer’s angle and not just your own. So take a step back from your sales sheets and numbers to see the big picture. Spend time learning to understand what your customer really cares about. Is it the product or could it be something else? What if you could identify exactly what your customer cared about and how to not only capture that, but deliver it? We know how you can reach that apex. Email me at scottwalle@prosellus.com to unlock your full selling potential with the world’s first targeted market development tool specifically for Healthcare Sales Reps.

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Think 5 Steps Ahead FOR Your Customer Physicians

Plan Tomorrow Today!

You know the old adage “Why leave for tomorrow what you can do today?” That goes double in the world of healthcare sales. No matter who your client may be, it’s important to plan ahead. These conversations are critical, but can be difficult to negotiate or initiate. As the sales rep, it is YOUR job to think 5 steps ahead for your physician customer.  In my device days we were preached to in training: In surgery you have to be several steps ahead of the physician! You have to anticipate his/her every move and be prepared whatever that move was.

So, my question to you is this: Is surgery the only place we (I) work?

Of course not!  Today’s healthcare sales reps are asked to do more than ever!

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Don’t Be In Trend; Predict The Trend

“The changes in healthcare are accelerating. The penalty for falling behind the change curve is irrelevance, that is, customers will replace you with competitors who anticipated and integrated change sooner and faster than you did. The take-home message, “You must remain relevant and to do that you must stay ahead of the change curve.”

This advice from author Jason Baker hits home for me in many ways. I have been the Sales Rep in his article – the top player in the medical device game, the heavy hitter….the king. That false sense of security can easily overcome reality because it is powerful and intoxicating. (A lot of us have been there)  You begin to think you cannot lose, but Baker speaks the truth – if you snooze, you lose. It’s as simple as the Tortoise and the Hare. Small changes set the stage for a giant shift in the market and you aren’t invincible.  None of us are…

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Heed Warning Signs

In the healthcare sales industry, it is vital that you pay attention to the signs around you (especially these days). You must have the will to keep getting up after every failure. I, myself, did this time and time again. I didn’t think there was any other way to work, but I finally figured out how to break away from the status quo. I cultivated my own path to success when I learned how to TRULY listen to my physician customers.  I would hear them talk about this or that which was impacting their business, but I thought, “Well, glad that isn’t me.” OR “That kind of stinks, I’m glad it’s not my job to do that.”   Then I said, “Well, what if I could impact that? I would be fixing one of their biggest problems or concerns.”

I found myself asking these questions:

  • What are they searching for?
  • What worries and concerns kept them up at night?
  • What can I do to address their concerns?

And when I did… the results are were nothing short of astounding.

Listen and Respond

If I could find a way to connect with my customer in a way which greatly differentiated me from the rest of the herd, I would be successful and so would the customer. After realizing what I had to do, I still needed to see the path before arriving at it. I needed to do my research and understand what the factors were that might affect my customer’s practice and, ultimately, my own business.  My advice to the other reps out there is to listen to your customers, monitor current trends in the market, predict future trends, stay informed, and challenge the norms. The worst thing you can do is get complacent. The second you fall asleep at the wheel, you fall behind. If you have questions like I did, feel free to email me at scottwalle@prosellus.com. I’d love to swap stories some time.

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What is Sales Acceleration?

What is Sales Acceleration?

Sales Acceleration is not some fantastical buzzword (Although, to us salespeople, it kind of sounds that way). It is a tested strategy that emerged from existing ideas and evolved from existing technologies already widely used by various industries including healthcare sales and marketing. (Sound confusing? It does to me. Think of it this way: Basically, people have used all kinds of different tools to try and help you guys and gals do your sales job over the years, but instead of giving you a 3-ring binder, they actually made software tools designed to help you sell more and sell faster. Your sales manager’s dream right? I know. Easy enough right?)

You might have heard of one of the major tools in almost every business’ arsenal: Customer Relationship Management Software (ie. Salesforce, Zoho, Insightly, etc)

“Salesforce.com pioneered the concept of renting customer relationship management (CRM) software instead of selling it. Software-as-a-Service (SaaS), or software in the cloud as it is so lovingly called now, has become the de facto standard that is disrupting the traditional software companies who still sell software in a box.” – Ken Krogue, co-founder of Insidesales.com

Customer Relationship Management tools like Salesforce and Insightly are useful in terms of organization. They’re very valuable when it comes to organization, however, when was the last healthcare sales rep you met that said, “I just love having a CRM to enter where I’ve been and what I’ve done all day! -OR- This just helps me sell SO much more!!!! I don’t know what I’d do without it!” Never, right? Of course, this doesn’t mean that CRMs are useless. They are 100% necessary to your operations, but the next logical step was to find a way to accelerate sales rather than just be more organized or efficient. Cue the development of the concept: Sales Acceleration.

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The Next Big Thing

Sales Acceleration tools are increasing in use everyday, but many people still wonder just what these tools do or what information they deal with. Listed below is a sampling of some of the cloud-based categories sales acceleration tools enhance:

  • Contract Technology
  • Data Visualization
  • Business Intelligence
  • Gamification
  • Presentation Technology, including Slide and Screen Share
  • Predictive Analytic Tools and Technology
  • Sales Intelligence Tools
  • Email (designed specifically for the sales function)
  • Sales Communication tools
  • Video technology
  • Social selling technology

 

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The Proliferation of Sales Acceleration

You might know from our previous blogs that change isn’t just inevitable, it’s natural to adapt over time. As James W. Phillips of Insidesales.com said, “Over the last 10 years, the sales industry has witnessed a disruption. Due to the innovation of Internet cloud-based business transactions and an upsurge in sales technology development, the sales profession is in a state of rapid modernization.” The chart above shows the overall expenditures on sales acceleration technologies. That will only continue to grow.

Now is a good time to hop on the train or risk getting left at the station. We’ve mentioned it several times in posts prior to this one; ALL ABOARD…the train is leaving. Don’t get left behind…

If you want to take to better understand sales acceleration technologies, email me at scottwalle@prosellus.com. Let’s start your ProSellus journey to increased revenue and more peace of mind.

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Why the WIN/WIN is key in Medical Device Selling

How does the Healthcare Sales Rep create a win/win relationship when trying to educate the Primary Care Physician in the community?

The Primary Care Physician (PCP) is the real “driver” when it comes to distribution of patients in the healthcare marketplace. These physicians are overlooked in many cases, however, they truly are the HUB of the “Hub & Spoke” model of patient distribution in healthcare. Also, think about the way healthcare insurance coverage is changing; more and more often we see PPO insurance plans disappearing with the entrance of more HMO type plans.  In HMO plans it is very commonplace that a patient HAS to have a referral from their PCP in order to see a specialist.  These docs really are the “Gatekeepers” of patients…

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Power of the Gatekeepers

The majority of patients see a PCP when an issue of some kind occurs. Those PCP’s then distribute the patients to specialists based on the issue.  Of course, there are variations of the example I just described; however, this example seems to be the most overwhelmingly common example of the Primary Care referral. So, what does this mean for you? How does this, or can this, impact you?

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Not Obstacles – Opportunities

There are a few problematic aspects of this process. Outside of making sure the patient gets the best care, there’s little to gain for the PCP by referring the patient. They simply lose a patient, potentially, by referring them out (or that’s the fear at least). Joe Hage of medicalmarcom.com considers himself a pioneer in the field of medical device marketing. A bonafide medical device sales person informed him of the challenges associated with establishing a win/win relationship with PCP’s. Creating referrals from Primary Care for the specialty product reps sell can often be seen as an obstacle. Any sales rep worth their salt knows that there are no obstacles: only opportunities. Two statements from the blog post highlight key facets of developing a PCP win/win relationship:

Joe Hage (to the device rep): So, if you are calling on interventionalists, who is creating primary demand for consults among primary care physicians?

Med Device Rep: Me. That’s a large part of what I do. Help create awareness within the referring community for my interventionalists.

– #MedDevice “Selling ‘Through’ Physicians”

This is a solid strategy and one attempted by many, just… without a solid strategy in place.  There are many questions unanswered.

So, what motivates the PCP? The specialist potentially gets a new referral, but what about the PCP?  All they did was lose a patient to another specialist right? Or no?

Game changer: what if they DID have something to gain? Better yet, what if it made complete sense for the PCP to refer?  What if it was actually BETTER for the PCP to refer the patient out? What if they never realized it, until of course, you taught them…? How would you be perceived then?

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More Questions? Get Answers

Your head must be swirling with questions.

  • If healthcare sales reps are actually doing this, how do they make sure they’re talking to the right PCP’s?  There are quite literally thousands; how could you possibly know which ones to call on?
  • And if you did, do you know how to create the win/win?
  • What is the win/win in this scenario?
  • How do you which doctor can influence your business the most?
  • What is that “solid strategy,” we mentioned earlier? Do you have one?

There are many unanswered questions. What would the referral community be like if you had the answers to all of these questions and more? ProSellus is the key to all these questions. Email me at scottwalle@prosellus.com to get answers to all of your Win/Win relationship queries.

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The Holy Grail of Sales Acceleration – Part 2

In our last few blog posts, we talked a great deal about how the world is changing. Missing this train would leave you stranded while your competitors flourish exponentially. We also discussed up-and-coming software tools related to sales acceleration, actionable intelligence, and how companies were purchasing these tools for its salespeople to augment the sales cycle in the most important way:  speeding up sales and increasing sales altogether.

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Numbers You Can’t Ignore

Speaking directly to this point for sales reps in the field (especially in the healthcare industry), you may or may not be familiar with some of these sales acceleration tools, but the business of sales enhancement tools has exploded into a big business. The kind of “big” that makes you ask: “How much money are companies spending on these tools?!” The answer: almost $13 Billion. Yes, you read that right – $13 billion. That’s big with a capital “B”!

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Get In the Know

Insidesales.com, Forbes, The Huffington Post, and many other sources have taken notice of the rapidly growing usage of sales acceleration tools across various industries. In 2014, companies were already spending over $2,280 annually on sales acceleration tools per sales rep.  Folks… that was almost 3 years ago. Imagine where this is going.

“The sales acceleration technology category encompasses a large collection of innovative technologies that do not fit neatly under the umbrella of marketing automation or CRM. By definition, this emerging category is devoted to accelerating sales — enabling companies to turn their leads, prospects, and opportunities into paying customers faster than ever before.” – InsideSales.com Chief Marketing Officer Mick Hollison

The money spent by companies investing in sales acceleration technology directly correlated to bigger deals, increased revenue, faster sales cycles and higher close rates. Don’t believe me? Take a look at this information directly from the Insidesales.com report:


Bigger Deals:  Companies that close the biggest deals spend nearly twice as much on sales acceleration technology as the average company spends.

Faster Sales Cycles: Companies with the shortest sales cycles spend 28% more than the average sales communication and intelligence.

Higher Close Rates: Companies with the highest close rates spend 17% more than the average company on sales acceleration technology.

Increased Revenue: The top 50 percent of companies in terms of revenue spend almost twice as much as the average company on sales acceleration technology.

Become an Early Adopter

Earlier in this post, we said that companies spent an average of $2,280 per rep annually for sales acceleration technologies in 2014. Projected budgetary numbers for money dedicated to sales acceleration tools for 2017 are nearly three times that! If you want your sales team putting the competition in the dust, it’s time to start looking for the tool to REALLY help your field salespeople get ahead.

Check out the ProSellus Linx Software Solution here and email me at scottwalle@prosellus.com to incorporate the next tool to revolutionize your arsenal. After all, the more you invest in your field salespeople, the better the results they deliver.

 

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