What is Sales Enablement?
Sales Enablement refers to the process, tools, and content that equip sales teams to effectively engage prospects and close deals. It involves providing sales teams with the resources they need to better communicate the product’s value proposition, address customer concerns, and foster stronger customer relationships. Sales enablement materials often include training guides, sales scripts, demo environments, and marketing collateral.
When is Sales Enablement Used?
Sales enablement is used throughout the sales lifecycle, particularly:
It is also used during onboarding of new sales personnel to accelerate their effectiveness in engaging with customers.
Pros of Sales Enablement
Cons of Sales Enablement
How is Sales Enablement Useful for Product Managers?
Sales enablement is valuable for product managers as it:
When Should Sales Enablement Not Be Used?
Sales enablement should not be heavily relied upon in scenarios where:
Other Key Questions for Product Managers
How should product managers collaborate with sales teams on sales enablement?
What metrics should be used to measure the effectiveness of sales enablement?
How often should sales enablement materials be updated?
By effectively utilizing Sales Enablement, product managers can bridge the gap between product development and sales execution, ensuring that sales teams have the resources they need to successfully bring the product to market.
No | Title | Brief |
---|---|---|
1 | Brand Equity | The goodwill or positive identity associated with a brand. |
2 | New Product Proposal | A summary business plan for a new product concept. |
3 | Positioning Statement | A statement on how a product should be perceived relative to competitors. |
4 | Product Fact Book | A compilation of all information a company has on a product, its customers, and competitors. |
5 | Segment Management | Organizing internal decisions and job roles by market segment rather than by product or function. |
6 | Standard Industrial Classification (SIC) | Numeric codes assigned by the government to companies to designate their industry. |
7 | Unique Selling Proposition (USP) | The primary competitive differentiation of a product or service. |
8 | Variable Costs | Costs that vary directly with the level of production. |
9 | Category Killers | Large-scale companies that dominate their industries by operating more cost-effectively. |
10 | Contribution Margin | The amount of revenue left after subtracting incremental costs. |