How can sales professionals adapt their strategies to ensure they meet their revenue goals in the future?

40% of sales professionals didn't achieve their revenue goals in 2020

Source
99firms

Topic
Sales Strategy

Year
2021

The year 2020 has been challenging for sales professionals all over the world. With the COVID-19 pandemic disrupting the economy and changing the way businesses operate, achieving revenue goals has become more difficult than ever before. In fact, a recent survey revealed that 40% of sales professionals failed to achieve their revenue targets in 2020.

So why did so many sales professionals miss their revenue goals last year? There are several reasons:

  1. Economic uncertainty: With the pandemic causing economic instability, many businesses were hesitant to make new investments, resulting in fewer sales opportunities.
  2. Remote work: With sales teams working from home, it became more difficult to collaborate with colleagues and communicate with prospects, making it harder to close deals.
  3. Changing buyer behavior: With the pandemic causing changes in buyer behavior, sales professionals had to adjust their approach to meet the changing needs of customers.
  4. Lack of training: With the pandemic causing disruption to training programs, some sales professionals were not adequately equipped to deal with the challenges of the new sales landscape.

To improve their performance, sales professionals need to focus on adapting to the new normal. This means embracing remote work, leveraging technology to enhance communication, and investing in training and development programs. By doing so, sales professionals can position themselves for success in the post-pandemic world.

While 2020 was a challenging year for sales professionals, there are steps they can take to improve their performance in the years to come. By understanding the reasons why revenue goals were missed and taking action to address those issues, sales professionals can position themselves for success in the ever-changing sales landscape.

More 2021 Stats

49% of teams are using video as part of their sales process.

Nearly 90% of sales reps emphasize the importance of anticipating customers’ needs

In 2021, digital lead generation advertising spending in the United States was estimated at 4.6 billion U.S. dollars.

After COVID, 56% of sellers prefer working remote full time.

Analysts found that close to 80% of B2B buyers have already defined their requirements before talking to a rep and prefer evaluating digital resources to in-person presentations.

Only 32% of sales pros report that a virtual sales process requires more meetings to close deals.

41% of sales leaders report that their customers desire more digital communication

31% of sales pros find no significant difference between selling remotely and in-person

77% of sales professionals say their organization is planning to invest more in sales intelligence tools

The businesses’ buying process will involve around 6-10 decision-makers

More Sales Strategy Stats

84% of B2B buyers start the purchasing process with a referral

77% of sales professionals say their organization is planning to invest more in sales intelligence tools

Top Performers Receive 40% More Questions During Discovery and 43% More Questions During Presentations

71 Words per Minute: The Surprising Speech Speed of Top Performers, Who Speak 6% Slower Than Their Peers

81% of people prefer to open emails on their smartphones

Personalizing email subject lines leads to a 22% increase in open rate

Email is almost 40 times better at acquiring new customers than Facebook and Twitter

71% of salespeople are using social selling tools

40% of Salespeople Struggle with this Critical Sales Process

Nearly 90% of sales reps emphasize the importance of anticipating customers’ needs

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