Written by: David Smith
Coaching is the #1 thing leaders do to drive performance within their teams. In fact, research from The Corporate Executive Board shows that sales reps who receive as little as three hours of coaching per month exceed quota by 7%, increasing revenue by 25% and average close rates by 70%.
The problem, however, lies in determining what makes for a good coaching program. To be sure, activity management and coaching are not the same. Coaching involves direct, specific, hands-on lessons and feedback that allow reps to understand their goals, progress, trends, and how to improve performance over time. Coaching should be based around metrics and measurement, not just a gut feeling.
Isn’t all coaching the same?
Studies from the Harvard Business Review show that “ The real payoff from good coaching lies among the middle 60% — your core performers. For this group, the best-quality coaching can improve performance up to 19%.” What would it mean for your revenue if you could increase performance by 19% across your core performers?
There are a lot of skills that go into good coaching, but believe it or not, most of it revolves around asking the right questions… just like sales. Crazy, right? In order to coach, you need to figure out what drives your people; and in order to do that, you need to understand what, how and why .
Enabling good coaching
Once you sort the motivational factors for your reps, you can get down to business constructing an effective sales coaching plan. An effective plan consists of the following steps:
Leveraging the power of gamification
Gamification plays a key role throughout this process, not just in the final rewards and recognition stage, but throughout the process of setting KPIs, measuring performance and providing feedback as well. It is part of the overall sales enablement stack that allows managers to track performance in real-time, visualize data on TVs (such as leaderboards, wall of fame, top lists and more), run sales contests and connect offices in order to help build a winning culture of performance and achievement.
Celebrating accomplishments together plays a huge role in building teamwork, cohesion and winning culture around an effective coaching strategy. However, in today’s hectic and fragmented workplace, the outdated motivational techniques such as sales bells and white boards just don’t drive results and they lose momentum throughout the coaching cycle. As a result, much of the momentum from your sales coaching programs goes wasted as people realize they’re no longer being measure or rewarded for completion of activities over time.
Instead, using a simple, effective gamification solution can greatly improve a manager’s ability to quickly define targets, visualize data, measure performance, run contests, recognize achievements and celebrate appropriately. Motivating people to achieve or surpass their goals is a huge part of an effective coaching framework. It should be quick, simple and effective.
Gamification provides a fun and easy way to manage sales activity before, during, and after coaching by keeping users constantly aware of their progress on goals and by celebrating key accomplishments, such as activities completed, offers sent, meetings booked or deals closed.
Gamification combined with an effective coaching program allows sales reps to understand their progress, see results in real-time and implement feedback with the right tools and with the right incentives . It’s an essential addition to any sales enablement stack.