During your formative years, did you ever find yourself spending time with a childhood acquaintance simply because your parents were friends? Circumstances might have pushed you together, but the connection wasn’t organic.
Sometimes, this mirrors the relationship between sales and marketing teams. While both are pivotal to the go-to-market strategy and share common objectives, there’s often a sense of disconnection. According to industry reports, a staggering 90% of sales and marketing professionals feel misaligned on crucial aspects such as process, content, and culture. However, the potential for synergy is immense; organizations prioritizing sales/marketing alignment are positioned to achieve threefold success in surpassing new customer acquisition targets and boosting deal-closing efficiency by a remarkable 67%.
So, how does one transition from a relationship based on circumstance to a harmonious partnership? Let’s delve into insights from industry experts, unraveling the secrets of nurturing a collaborative alliance that not only meets but exceeds revenue expectations.
Forging Stronger Bonds: Sales and Marketing Collaboration
As we reflect on our developmental years, there’s a parallel in the business worldāforging connections based on necessity rather than shared interests. This dynamic often characterizes the relationship between sales and marketing teams, essential components of the intricate go-to-market strategy. Remarkably, industry reports reveal that a substantial 90% of sales and marketing professionals feel a palpable misalignment, ranging from processes to content and culture. However, the potential for synergy is immense; organizations prioritizing sales/marketing alignment are positioned to achieve threefold success in surpassing new customer acquisition targets and boosting deal-closing efficiency by a remarkable 67%. So, how does one transition from a relationship based on circumstance to a harmonious partnership? Let’s delve into insights from industry experts, unraveling the secrets of nurturing a collaborative alliance that not only meets but exceeds revenue expectations.
Enhance Your Internal Knowledge
While striving to showcase individual prowess is natural, the realization that sales and marketing are not standalone entities is crucial. Yuval Yaar, Director of Global Partner Development and seasoned sales professional, introduces the concept of “organizational acumen”āthe art of leveraging the collective know-how, experience, and influence within an organization. Unveiling the layers of internal processes and fostering collaboration with colleagues from diverse departments unlocks additional value. Recognizing the wealth of insights and resources within the organization sets the stage for efficiency and the development of authentic relationships that yield mutual benefits.
Practice Knowledge Sharing
Encouraging a culture of sharing insights among team members is fundamental to success. Avi Wiesenberg, a seasoned sales and business development strategist, underlines the significance of open communication. Positioned at the forefront of the business, go-to-market professionals are immersed in industry trends, competitive intelligence, and customer insights on a daily basis. Sharing this wealth of knowledge not only enriches the team’s overall understanding of the industry but also facilitates more informed conversations with industry leaders. Aligning on broader industry issues establishes credibility and fortifies the partnership between sales and marketing.
Align on Practical Messaging
While aspirational messaging holds its value, practical support is often the need of the hour for sales teams. Adir Zimerman, the founder of RAINMAKERS, emphasizes the gap between future-oriented messaging and the present reality. Founders and marketers may focus on selling the future to investors, but sales teams are entrenched in selling the present to customers. Harmonizing messaging to bridge this gap is indispensable. Companies should embrace a strategy of “selling the future but being pragmatic in day-to-day operations,” fostering collaboration between marketing and sales to find the right approach for the current business landscape.
Align on Practical Messaging
Sometimes marketing can get caught up in where the company wants to be and overlook where the business currently is. Thereās nothing wrong with being aspirational. But sales needs practical support. Adir Zimerman, the founder of RAINMAKERS, has spent his career helping sellers succeed. Over the last 5 years with RAINMAKERS heās focused on helping early stage startups through GTM challenges. One thing heās seen come up again and again is the gap that often exists between founders and sales ā a gap that also extends to marketing and sales. Founders need to sell the future to investors, and the marketing department helps tell that story. But the sales team is in the trenches selling the present to customers. āIt takes time to build the machine,ā he says. āIt takes time to reach out to the market, to find the right approachā¦.And this is an ongoing work. It demands understanding.ā Both that future vision and the present situation are important. Adir says that companies need to āsell the future, but be pragmatic in our day-to-day.ā So while marketing teams can work on packaging that future-forward messaging, they also need to collaborate with sales on how to best close that gap and help find the right approach for the present.
Open up the Feedback Loops
Effective communication is the linchpin. Teams often find themselves ensnared in internal feedback loops, discussing issues internally without addressing the root causes. For instance, if a product marketer identifies misalignment in a sales call, a proactive approach involves engaging with the sales representative or their supervisor to comprehend and rectify the issue. Similarly, if sales receives collateral from marketing that requires refinement, offering specific feedback ensures continuous improvement.
Realize Common Goals
While sales and marketing play pivotal roles in revenue generation, the tendency to focus on disparate objectives can emerge. Inbar Yagur, Director of Content and Product Marketing, advocates for aligning leaders and teams, underscoring that both are rowing toward the same shore. Success should be viewed as a collective endeavor, considering factors such as customer acquisition cost (CAC) rather than solely ROI. Collaboration in achieving shared goals ensures that both sales and marketing flourish as they collectively drive revenue. Cultivating a robust relationship between sales and marketing demands dedication, but the rewards are substantial. When these teams evolve into inseparable allies, they emerge as an unstoppable force, propelling revenue to new heights.
In Conclusion:
- Sales and marketing thrive through knowledge sharing and open feedback loops.
- Deepening the understanding of organizational processes enhances collaboration between sales and marketing.
- Alignment on practical messaging and revenue goals ensures mutual success.