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.
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”!
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.