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How to Use Sales Enablement to Ensure Your Next New Product Launch Isn’t a Total Failure

By Megan Paszczykowski| October 22, 2019

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500x400_productlaunch_Image1-750x600The biggest barrier to success for a new product launch is lack of preparation (HBR).

Regardless of how prolific companies are in ideation, design and new product development, up to 40% of new products still fail (New Product Success). Whether you’re introducing a product to an existing line or breaking into a new market, you’re only as successful as the resonance of your message. Without an effective sales enablement plan in place to ensure sellers can communicate value to customers and prospects, sales reps and partners risk losing credibility, and worse, closed deals.

It takes a lot more than an email announcement for your sales team to understand your new offerings. How do you ensure your next product campaign isn’t stamped Failure to Launch?

Give sellers the sales enablement tools and technology they need to be successful

500x400_productlaunch_Image2-750x600On average, 18 to 24 months are spent getting ready for a new product launch (SBI). New product campaigns are essential to your success, but what good are they if your sales teams and channel partners can’t actually find and use the information and content they need to articulate the value of that product to buyers?

Deploying a sales application that incorporates learning management (LMS) ensures your sellers have everything they need to access and knowledgeably present the right content at the right time, both ahead of sales meetings and in real-time with buyers. Instead of overwhelming sellers with a heap of new product information all at once and hoping it sticks, sales readiness tools offer sellers modularized sales training whereby pitch content is unlocked only as it’s mastered.

Utilizing value-selling tools within your sales application empowers sellers to effectively quantify things like return on investment (ROI) and total cost of ownership (TCO) for prospective buyers. This is particularly useful when entering a new market, which often requires a steep learning curve. Your sellers simply input real-time data collected from the buyer and use the output to guide more personalized, prescriptive sales interactions.

Leverage sales enablement to help reps better prepare for live sales engagements

The right sales enablement platform allows sellers to spend less time worrying about what might happen, or what discussion might arise and just focus on the customer. Leaning on sales enablement technology to help sellers navigate even the most unexpected paths, you can:

Use sales enablement technology to drive sales of new products or product lines

500x400_productlaunch_Image3-750x600Getting the new campaign/product launch right can yield up to 15% higher revenue success, on average.

If your sellers don’t “get” your new product campaigns, neither will the market. On the flip side, giving your sellers the ability to articulate value and actionable insights can directly impact your bottom line. If you’re planning to launch a new product or product line, deploying a sales enablement platform that incorporates sales readiness and value selling components is your best bet to make it a success.

Even the most innovative companies can design and manufacture products that can transform the way we work and live. But can they convince customers?

Pssst…’Sales Readiness’ is more than a buzzword. Interested in learning more about how a continuous learning approach can seriously uplevel your sales organization? Join our webinar “Sales Readiness: Making the Case for Just-in-Time Learning” featuring Peter Ostrow, Senior Research Director at Sirius Decisions.

Megan Paszczykowski is a content writer with more than a decade of experience in the B2B technology space. As sales teams work to differentiate in an increasingly crowded market, Megan supports Mediafly’s mission to heighten the conversation about the power of engaging content. Megan attended Indiana University and graduated with a Bachelor’s degree in Journalism.

About Mediafly

Mediafly is a mobile sales enablement solution that enhances how brands engage prospective buyers. By using Mediafly’s technology, marketing and sales teams at companies including PepsiCo, Disney, GE Healthcare, MillerCoors and Charles Schwab, are able to deliver custom, dynamic sales presentations quickly and efficiently, engaging customers with insights that are relevant to them. Mediafly’s Evolved Selling™ solution enables sellers to be more flexible, insightful and interactive in their sales interactions, resulting in increased sales and stronger customer relationships. Mediafly has been named to the Inc. 5000 list of fastest growing companies for five years consecutively in addition to being named Inc.’s Best Places to Work of 2017 and 2018. Visit Mediafly.com or follow @Mediafly for more information.

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