Why You Need A Sales Playbook
I’m an Engineer turned founder. My MBA taught me a lot about operating a business but didn't focus on startup fundamentals, which is a completely different game.
I was fortunate to be backed by renowned accelerator 500 Global which gave me lots of fantastic coaching on the fundamentals. But even with that, scaling sales from 0 to 10 customers and beyond was a struggle. Each sales exchange felt like I was reinventing the wheel. All the while I saw my competition growing faster.
It was a while later, after I sold my business that I learned about a thing called a sales playbook. This is when I realized the key to how businesses create consistent sales growth, and I'm not alone. While writing this blog I did a quick X poll (fka: Twitter) of startup and venture founders asking whether they have a sales playbook - 75% of respondents had never heard of a sales playbook.
Why is such a playbook indispensable for startups and early-stage companies? In the early days of a business, every sale counts and every customer interaction can pivot the company's future. A well-crafted sales playbook is the key to repeatable success, but many early-stage leaders have never heard of a sales playbook, or think that sales playbooks are for big companies – big mistake!
The fast-paced startup ecosystem is where resources are most limited and the pressure to secure early sales is highest. This is when a sales playbook is most critical.
Bringing on sales hires with no sales playbook often results in frustration as unfocused sales energy yields undesired results. Playbooks help to maintain accountability, focus, and clarity so everyone knows the play to execute. It is a game-changer!
So who is responsible for creating your first sales playbook? You - the founder, that's right you are the first salesperson. Below is a framework that will help you start.
What Is A Sales Playbook?
A sales playbook is a document that outlines sales processes, procedures, and best practices. A well-crafted sales playbook empowers teams with the knowledge and confidence to execute their roles effectively, ensuring that the company's sales efforts are aligned and optimized for success.
It lays down the groundwork for scalable growth, enabling businesses to replicate success, learn from failures, and evolve their sales strategies in alignment with market dynamics and customer needs.
With a playbook, every sales rep can become as effective as your best performer, ensuring that success isn’t a one-off but a repeatable outcome.
Components of a Sales Playbook
Ready to start documenting your sales playbook? Below are some key components to help give you a framework. Remember the goal of a Sales Playbook at early to mid-stage companies is to create repeatable success.
For founders, this means getting that key knowledge that’s stored in your head down on paper and into a format that others can digest. While it’s good for you to be involved in every deal at the start, it’s not scalable - so document early to create the outline that someone will be able to pick up and adapt as your business evolves.
If answering the same question multiple times is a bugbear – then pay special note as this is how you prevent that from happening. Below we review the key components of a Sales Playbook.
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What To Include In A Sales Playbook
Company Overview And Value Proposition:
This section encapsulates the essence of your company—what you stand for and the unique benefits you offer. Items to include:
Mission statement and core values
Differentiators that set your product/service apart
Succinct statement of the value provided to customers
Proof points like case studies or testimonials
Target Customer Profiles:
Defines the ideal customer segments that your product/service is designed for. Include:
Demographics and firmographics
Market segments you're targeting
Customer needs and pain points
Common characteristics of your most valuable customers
Buyer Personas:
A detailed representation of your ideal customers to guide sales approaches. Elements to include:
Fictional name and job title
Goals and challenges
Preferred communication channels
Decision-making factors
Sales Messaging:
Articulates how you communicate your product's value to prospects. Should include:
Unique selling points (USPs)
Tailored messages for different buyer personas
Elevator pitch
Success stories and use cases
Call And Email Scripts:
Standardized scripts to guide sales calls and ensure consistency. Things to include:
Opening lines and greetings
Qualifying questions
Describing benefits, not just features
Closing lines and call-to-action (CTA)
How To Handle Customer Objections:
Strategies for addressing and overcoming potential customer pushbacks. Include:
Common objections and appropriate responses
Techniques for empathetic listening and reassurance
Tips for turning objections into opportunities
Follow-up strategies
Competitive Battlecards:
A toolkit for sales reps to position against competitors. Elements to include:
Key competitors and their USPs
Comparative analysis of features and benefits
Counterpoints to competitors' selling tactics
Success stories in competitive deals
Sales Methodologies:
The framework that dictates the sales approach and customer interactions. Include:
Overview of chosen methodologies (e.g., SPIN Selling, Challenger Sales)
Step-by-step actions for each method
When and how to employ each tactic
Alignment with the customer journey
Stages Of Your Sales Process:
A breakdown of each phase in the sales funnel. Include:
Prospecting and initial contact
Needs assessment and qualification
Proposal and presentation
Negotiation and closing
Post-sale follow-up and retention
Sales Tools And Technologies:
The software and tools that support sales activities. Things to include:
CRM platforms used
Data analytics tools
Communication and scheduling software
Automation tools for lead generation and follow-up
Pricing And Packaging:
Guidelines on product pricing tiers and bundling options. Include:
Detailed pricing models and tiers
Discount policies and eligibility criteria
Bundling strategies for products/services
Positioning of pricing in sales conversations
Key Performance Indicators (KPIs):
Metrics that measure the success of sales activities. Include:
Revenue targets and growth rates
Conversion rates and sales cycle length
Customer acquisition cost (CAC)
Customer lifetime value (CLTV)
Strategic Objectives:
Long-term goals that guide sales initiatives. Elements to include:
Revenue and market share targets
Expansion into new markets or segments
Strategic partnerships or alliances
Product development and innovation objectives
Benefits Of A Sales Playbook
Aligning Sales Efforts
A sales playbook synchronizes team efforts by providing a common framework. It ensures all reps understand strategic approaches, creating a cohesive unit that moves in unison towards shared sales objectives and performance metrics.
Providing Clarity On Company Mission And Vision
Ever thought "why are we even pitching our product to that company they arent a good fit", or "why are sales pitching that less impactful value/benefit so often". With a documented Sales Playbook and process it should be clear.
A comprehensive sales playbook offers reps a detailed portrait of the company's values, products, and market positioning. This clarity empowers them to represent the brand consistently and effectively to prospects and customers.
Sharing Best Practices Across Sales And Marketing
Sales playbooks facilitate a culture of knowledge-sharing by documenting top-performing strategies and tactics. This resource becomes a collaborative tool where reps contribute and access collective wisdom, lifting team performance. Other departments will also benefit from this store of intelligence such as product, customer success, and finance who are all desperate for front-line sales intelligence.
Streamlining Onboarding
An established sales playbook accelerates the onboarding process, providing new hires with an actionable guide to selling techniques, product knowledge, and company policies, reducing time to productivity and fostering confidence in their sales approach.
This step is critical to set up your sales org for scale, without a sales playbook you will be relying on hope. Sure you can still be successful but your success will be at the mercy of securing incredibly good (therefore expensive) salespeople who can bring model playbooks with them, if things don't work out, they will take their model playbooks with them putting you right back at stage zero.
Sales Playbooks Need To Evolve
Playbooks are not supposed to be static documents. As your business and market adapts, so should your playbook. As your sales team learns more about the customers and competitors, the playbook should adapt to include these. As you improve and launch new products, the playbook should reflect these updates.
As a founder you are accountable for creating the first playbook, in time you will transition the maintenance to your GTM leadership but this is business critical and should be periodically vetted by you to ensure org alignment. Keep in mind that the most profitable playbooks include contributions from multiple people and departments (e.g. customer support, product, marketing, etc.)
Should You Have More Than One Sales Playbook
If you sell different products to wildly different buyers or industries that require a different approach then you will need to separate these. Trying to put too much into one playbook can create confusion which is the opposite of the goal.
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