“Technology vendors are spending, on average, 19% of their selling, general, and administrative (SG&A) costs or $135,262 per quota-carrying salesperson in support-related activities. Few are aware of this enormous amount because the costs are hidden — tucked away in many different budgets dispersed throughout the organization. Corralling these random acts of sales support presents a golden opportunity. By creating a strategic sales enablement program, marketers can drive significant cost savings in the short term, while improving their companies’ competitiveness to thrive in the new growth cycle.”
“[…] IDC research shows that over 40% of all marketing assets handed over to sales are not in use today (IDC’s Best Practices in Sales Enablement – Content and Marketing (to be published end of July)). This includes assets that have been developed for sales, channels, prospects and current customers. IDC estimates that at least 30% of companies’ marketing investment, including program and people spend, is dedicated to creating content and marketing assets. Clearly, marketers can leverage cost reduction opportunities if they take the time to improve their content management process and technologies.
– “Our content is all over the place…a more formalized content portal is being created to get our sales team the most relevant materials when they need them.”
– “…marketing is funding an improved marketing asset management system and we are hoping to achieve 3% – 5% reduction/reallocation of spend on annual asset development and improved production efficiencies.” (improvements in production efficiency, reduced program time-to-market, and reduced re-work).
In the next several weeks, IDC will be publishing a sales enablement report highlighting best practices in marketing content management from a lifecycle management, technology, and measurement perspective. Detailed company case studies will be also be included. […]”
In 2004 it was IDC’s ‘The Cost of Information Tasks to the Enterprise’:
OK, we are in 2009 now and a lot of productivity enhancing apps are popping up on the iPhones, LinkedIns and CRM platforms of today. Information workers in marketing and sales departments have many tools available to them that will free up time when used wisely. When Google Wave becomes available in the fall, searching in conversations you had with your team or in the history of documents you collaborated on will become much more enjoyable. However, when it comes to gathering information for documents, creating images, creating documents/presentations, editing/reviewing, filing and organizing documents, we all still lose a lot of time that should be spent on bringing in additional revenue.
How often do you find yourself copying and pasting value propositions, customer references from different industries and product images from older documents into new versions that are targeted at a slightly different audience?
ABC: Always Be Customizing (Sales Decks, Value Props,…)
We need to be able to generate highly customized documents on the fly by selecting the offering, the audience, the industry vertical etc… and we do not want to spend time re-formatting anything. We just want to chose a template that is then applied to all the content.
This might be able to save you and your sales people a lot of time and nerves, better spent with the customer.
This goes well beyond slides libraries! Basically brings it to the next level by breaking up slides into what they call ‘content nuggets’ and using web 3.0 concepts to auto-generate customized files out of a mind-bobbling number of possible combinations. Saves real dollars / time normally spent on designing PowerPoint or other doc types. No more outsourcing to graphics agencies. Just pick the template and hit “generate”. The result will be polished and include cross-selling opportunities and case studies from the chosen country…