Sure Fire Way to Know Which Sales Opportunities are the Best Sales Opportunities

Posted by Dave Kurlan on Wed, Feb 24, 2016 @ 06:02 AM

I just love it when cool gets cooler and I'm not talking about the winter weather in New England.  About a month ago, I wrote this article on Targeting and shared a generic model for scoring opportunities.  George Bronten and Henrik Oquist, CEO and COO of Membrain, took note and already developed the concept as a new feature for their world-class CRM application, Membrain.  You have to see how we integrated this new feature into the Baseline Selling version of Membrain.  In the image below, you can see that we added a scoreboard milestone at two stages of the sales process.

BLS-Process-in-Membrain.jpg

This allows us to purposefully rescore an opportunity as we learn more about it.  The next image has a little more of the scoring detail.

Scoreboard-Detail2.jpg

As you can see from our own instance of Membrain, we score the size, title, urgency, timeline and amount of competition for a particular opportunity.  This opportunity would have received a much higher score if there it was a smaller company, there was greater urgency and the timeline were this month instead of this quarter.  You might be questioning why the score would be higher if the company was smaller...A bigger company has 10 times the number of things that could delay or prevent a sale from closing and while all of those things could also occur with a mid-market or smaller business, they are far less likely at this stage in the sales cycle.  Don't believe me?  Then you don't have enough experience with enterprise size accounts!

Finally, in this listing we can rank opportunities by their scores (right-hand column).

scorecard-display.jpg

Some CRM applications have the ability to rate the likelihood of closing based on assigned weights to various milestones or stages.  While that is better than when salespeople enter an arbitrary percentage, it's not nearly as good as when you have created specific criteria and values.  Neither man nor machine can skew those things!

In just a few days, this scoring system has had a tremendous impact on our company.  We are able to look at opportunities through a different and more accurate lens, allowing us to make better decisions about sales forecasts, resource allocations, and specific opportunities.

Thanks, Membrain!

Topics: Dave Kurlan, sales process, sales pipeline, membrain, sales forecast, scorecard

View All 1,600 Articles

About Dave

Best-Selling Author, Keynote Speaker and Sales Thought Leader.  Dave Kurlan's Understanding the Sales Force Blog has earned a medal for the Top Sales & Marketing Blog award for six consecutive years.  Dave's Blog earned a Bronze Medal in 2016 and this article earned a Bronze Medal for Top Sales Blog post in 2016. Read more about Dave.

Email Dave

View Dave Kurlan's LinkedIn profile View Dave Kurlan's profile

Subscribe 

Receive new articles via email
Subscribe
 to the Blog on your Kindle 

Search the site

 

Audio Book
Top 30 on Kindle
Top 100 on Amazon

Most Recent Articles

Awards

 Top Sales & Marketing Awards 2015 -  Gold - Individual Blog

Top Sales & Marketing 2015 - Bronze - Blog Post

Top Sales & Marketing 2015 - Gold - Assessment Tool
Top Sales & Marketing Awards 2015 -  Bronze - Thought Leader

Top Sales & Marketing Awards 2015 - Bronze - eBook/White Paper

 

Top 50 Sales & Marketing Blog 2015

 

Dave Kurlan Top 50 Sales Influencer 2015

Sales Pro Insider Blog

 

Top 50 most innovative sales bloggers

 

Top100Strategic

Top100SalesInfluencersOnTwitter

Sales & Marketing Hall of Fame Inductee

Hubspot Top 25 Blogs

 

Free Tools

Sales Process Grader

Sales Candidate Assessment Free Trial

Sales Ghost Calculator

Sales Force Grader

Sales Hiring Mistake Calculator

FREE Recruiting Process Grader

Other Great Sites

top sales world

Evan Elite Promotion New

 alltop