SalesLabs has been fortunate to engage with a global portfolio of clients prepared to experiment and push the envelope. This allowed us to do hard research on what it takes to sell better, and how adults learn skills and methodologies in a way that sticks. Our approach has helped customers identify, pursue and win $50 billion more than they thought possible. AI will take it further.
Click the dates below to view our milestones.
Timeline
We acquired the analysis, consulting and training packages of PIRBIC, a UK firm that had been Europe's most respected sales training company since 1960. This included tools to assess the 'as is' structure, skills and tools used by sales teams; an end-to-end training suite for salespeople and their managers; and an approach for post-training observation and booster training. The name PIRBIC was an anagram for key sales skills of the simple transactional model used in wholesale and retail territory selling: Planning, Introduction, Requirements, Benefits, Investment justification and Closing. We developed this for the enterprise sales market, and started introducing and tailoring it for multiple industries.
SalesLabs is launched in Melbourne as a base for the Australasian market. Our value proposition was to replace the 'slick selling' approach exported to Australia and Asia from USA sales trainers with a modern method suited to international cultures. We believe strongly that there is no such thing as 'one size fits all' sales and management training. Early clients in our Asian expansion included Alcatel, SAS, Telecom Australia, Australian Gas Light (AGL), Ericsson, BHP Billiton, National Australia Bank, Computer Sciences Corporation, Fuji Xerox and KMPG. These opened the door to regional and global implementations.
Work commences between co-authors Nicholas Read working in SalesLabs, and Stephen Bistritz working in Target Marketing Systems in collaboration with Hewlett Packard, the Kenan Flagler Business School at UNC, and Georgia State University. MBA graduate students helped interview senior executives from multiple industries to learn the steps they follow in big ticket purchases, how likely they are to meet with salespeople at all, and what approaches make sellers stand out from the crowd. After TMS published the initial study we partnered with Steve and expanded the parameters to take it global. Over 10 years we repeated the study in bull and bear markets to find which C-Suite sales approaches work in every culture, industry and economy. The McGraw Hill Education book SELLING TO THE C-SUITE would be the result, which went on to top the charts as a bestseller and still stands as one of the sales profession's seminal works.
We accepted an invitation from Hewlett Packard China to open an office in Beijing and write the sales and management curriculum for the Hewlett Packard Business School, which was led by Anne An, one of China's most gifted learning professionals. China had just joined the World Trade Organization, and the HP Business School was responding by running Western training to fast track the commercial development of China's State Owned Enterprises like China Telecom, Bank of China, COSCO, Ping An Insurance and China Air. This led to SalesLabs opening an office to support Chinese and Western clients that didn't fit within the HP brief but still sought sales and management development. Nic Read moved his family to oversee operations in Shanghai, and led a team managed by the very clever Simon Chen and Michael Liu. Clients included Coca Cola, Brady Automotive, Hempel, IBM, Oversea-Chinese Banking Corporation, Motorola, Nokia, China Eastern Airlines, Shanghai Telecom, Symrise, Henkel and many others.
We are invited to speak about modern sales process to thousands of Chinese executives at the 2003 Shanghai Business Summit, and are interviewed by the China Daily newspaper who calls our CEO Nic Read a 'modern day Sun Tzu'.
The Asia HR Summit is held in Kuala Lumpur, Malaysia, and SalesLabs is invited to share ways our clients evaluate the commercial return of our training. The speaker's panel includes Donald Kirkpatrick, whose Four Levels of Evaluation have been used by HR professionals for decades to assess how deep the impact of training really is. We show examples of Level IV Evaluation, and introduce how the way adults learn was morphing as a result of the Internet. We propose that classroom-based training (with roots in the Industrial Revolution) is no longer suited to how today's adults learn. We commit to running a multi-year project to observe the Business Impact of sales training delivered using different methods of delivery and reinforcement, with an overall goal to identify an optimal model for all ages and cultures.
Professional Services firm EY launches a Revenue Growth & Risk Services advisory practice to provide clients with commercially-proven and research-based ways to grow revenue and EBITDA. SalesLabs' training methodologies and personnel are embedded into the offering, which consults on everything from demand creation, marketing copywriting, funnel management, winning large sales, business management, and helping start-ups find first round investors. We work with clients that include SAS, Arab Bank, Nippon Telegraph & Telephone Corporation, SecurityMail, Billback Systems, Saudi Aranco and Symantec among others. Two years later EY responded to the global financial crisis by shifting focus back to core products (accounting, audit, legal). Clients ask SalesLabs to withdraw our IP and support them as a private company again. We agreed with EY to purchase a roster of selected clients, leading us to open operations in New York City.
Through the connections we've maintained with business schools, sales conference organizers and large corporate clients, SalesLabs codified a series of best practices and designed award-winning sales and management training that included Target Account Planning (TAP), Target Opportunity Planning (TOP), Professionalism in Sales Management (PriSM), Selling to the C-Suite (S2C), Practical Tactical Selling Skills (PracTac), Observe & Coach sales mentoring, the eTOP Sales Planner (Excel VBA and Online), and Powerhour manager coaching.
We open offices on Wall Street at the epicenter of the global financial crisis, and start researching and consulting on how norms were changing for leadership, talent management and selling. Our findings are featured in USA Today, on radio, and in magazines such as Better Management, Entrepreneur and Inc. We are also interviewed on television for 'Washington Business Tonight', and on morning news shows on FOX and ABC.
McGraw Hill Education wins rights to the manuscript of our C-Suite research. "SELLING TO THE C-SUITE: What Every Executive Wants You to Know About Successfully Selling to the Top" is published worldwide in hardcover, followed by Kindle and Audiobook. It hits #1 on the charts and becomes a global bestseller.
SalesLabs CEO, Nic Read, is invited to headline the Thinksales 2011 Sales Leadership Conference with Jill Konrath and Steve W. Martin in Johannesburg, South Africa. This leads to numerous extended visits to Sandton to explore affiliate relationship opportunities, including laying groundwork with the Times Media TV Network for a Reality TV Show called The Sales Lab. This was to find 'street sellers', assign them a skills coach, place them in competing companies with established products, and follow their personal and commercial transformation. The goal was to inspire viewers that anyone can change their stars, and to demystify which selling skills make the biggest difference, and how to build them from scratch.
A new creative burst erupts when our CEO Nic Read brings in Richard Owers as a Partner and co-owner of the firm. Many hotel walls get covered in brightly-colored Post-It Notes as they reimagine how sales training should be delivered, and create a bold new strategy for our new product lines. Client work across the UK and Europe sees us opening affiliate offices in Paris, Spain, Frankfurt, Copenhagen and Istanbul.
Based on new studies at The Royal Academy in London, we release insights on how neuroplasticity in the brain must be considered when designing how learning is packaged in a world increasingly dominated by self-serve video streaming. After five years experimenting, SalesLabs releases the Alpha-Gamma Learning Standard (AGLS). This explains why classroom time is better filled with practical hands-on 'doing' (to stimulate the gamma wavelength in the brain where mental muscle memory is built), and all the training slides that typically fill a workshop should be shifted to short video-based exercises before students attend the classoom (to stimulate the alpha wavelength where new learning is built). Worldwide trials prove a gamified approach to pre-workshop videos and quizzes is 900% more effective for knowledge retention and skills transfer than traditional 'death by powerpoint'. We undertake to redesign all our workshops in line with AGLS.
'TARGET OPPORTUNITY SELLING: Top Sales Performers Reveal What Really Works' is published by McGraw Hill Education as a follow-up to our first bestselling book. It introduces the Sales Expansion Loop as an alternative to the traditional sales funnel, and provides step-by-step guidance on how to apply the right skills in the right stage.
Chandigarh, the garden state of India, is where we recruit a team, rent an office and open a software lab to move our sales coaching tools from paper-based and manual to online and semi-automated. The ROCKET Sales Coaching Platform is the result (Remote Observation: Competency, Knowledge, Effectiveness, Tone).
The first client to deploy our new ROCKET sales coaching software connects it into their call center. We develop iPhone and Android apps to record face-to-face sales calls. Our coaches observe and coach over a million minutes of live sales conversations. This provides a treasure trove of primary research data to understand the impact of improving each sales competency; and to see if skills can be improved independently or in specific sequences. After 35,000 hours of analysis we saw the same 29,584 'skill combinations' repeating and knew we had finally mapped the complete 'genome' of "SalesDNA". ROCKET won Third Place at the Stevies for the Best New Product of the Year in 2016.
We partner with the Centre for High Performance to expand on The Architect Leader model (featured in the Harvard Business Review, The Times and on BBC Newsnight), and develop a leadership coaching program for executive teams at UK schools. Economists at the Financial Times estimated that if half of UK schools developed Architect Leaders, it would drive a £6 billion lift to UK GDP within a decade. The UK Department of Education had no commercial imperative to get behind this movement, so independent schools engaged us privately to achieve best practice.
Our UK office is invited to participate in projects with university business schools as the push for formal qualifications for the sales profession gains momentum. We join the Chartered Management Institute (CMI) and the Institute of Sales Management (now Professional Academy), and consult to the Association for Professional Sales (now the Institute of Sales Professionals). We explore launching a Bachelor of Enterprise Selling and microcredential skills units. We speak at the British Academy of Management, the national conference for sales professionals at London ExCel, and The Academies Show at the NEC Birmingham. Our CEO accepts a lecturer role with Kingston University in London, a visiting professor role with RANEPA in Moscow. and starts writing for Dialogue Review, The European Financial Review, and The World Financial Review.
We explored ways to apply Artificial Intelligence to our ROCKET sales coaching platform. We started prototyping prompts and connections with the IBM Watson team, but our ambition exceeded what technology could then deliver. We had to choose if we wanted to remain a sales research, consulting and training company, or pivot into a sales software company. In the previous decade we had seen several instances of pure-play consulting firms with killer IP get gobbled up by IT firms, and get dumbed-down. We decided not to cash in on the software gravy train. Instead, in recognition of our Paris affiliate Alias Conseil building a centre of excellence around ROCKET, we transferred ongoing development of the platform to them. We continue to monitor advances in AI analytics for future product development ideas.
McGraw Hill commissions a 10-year anniversary 2nd Edition of our bestselling business book SELLING TO THE C-SUITE, updated to include how online buying behavior and social media had changed some of the rules since the 1st Edition in 2009. Authors Nic Read and Steve Bistritz conduct fresh research for the new manuscript, and the 2nd Edition goes on to top the charts again, a decade after its original run.
In response to a long-held belief that enterprise selling is kept from being a fully-recognized profession because it lacks an empirical set of foundation texts upon which qualifications and standards can be built, SalesLabs CEO, Nic Read, is commissioned by Edward Elgar Publishing to select and lead a team of expert global contributors to write the world's first definitive Encyclopedia of Sales and Sales Management.
Our Travel Companions
1970s
Whilst PIRBIC was refining the approach that would one day become the core of our first series of services, Xerox was packaging a training system called 'Professional Selling Skills' designed by Michael Bosworth, which would be spun off and end up under the Achieve Global brand. Neil Rackham founded Huthwaite soon after, and went on to release the mega hit 'SPIN Selling'. Neil would later graciously write the Foreword to our first business book, calling it "timely and important". In the same year Miller, Heiman and Tuleja wrote 'Strategic Selling', and phrases like 'the economic buyer' and 'blue sheet' became cultural touchstones. All these sales training products would later be aggregated under TwentyEighty, then sold to Korn/Ferry in 2019.
1980s
The early work by Brock, Act!, Goldmine and Microsoft to replace Rolodexes and provide sales forecasting and reporting tools paved the way for Salesforce and others. Ziglar, Tracy, Blanchard, Kirkpatrick and Hopkins became household names. Around this time Art Jacobs joined the dots between sales process and military strategy, and embedded these lessons into the Power Base Selling workshop, which featured in Jim Holden's book. Art then partnered with Alston Gardner to create the Target Account Selling (TAS) suite of training at Target Marketing Systems (later called OnTarget) which became a juggernaut. These methodologies focused a generation of salespeople on finding the 'compelling event', 'the inner circle', and knowing the difference between a frontal, flanking and fragment strategy. OnTarget's training and consulting products changed hands and morphed into software that was serially divested to Siebel, then Oracle, then The TAS Group (which outbid us for the IP and then rebranded as Altify). This was acquired by Upland Software in 2019.
1990s to present
Covey, Moore, Kotter and Christensen stimulated new thinking in their books, and in the same era Bosworth wrote 'Solution Selling' which Keith Eades expanded as a flagship training course for Sales Performance International (SPI). This introduced 'pain, power, vision, value, control' and 'the nine boxes' into the sales vernacular. SPI's growth was helped by Mike Duff and Martin Judd internationally, and by Tim Sullivan applying methodical systems thinking to the firm's growth. Kartesia, a financial liquidity specialist, acquired SPI and created an economy of scale by merging the company with Richardson in 2019. Meanwhile a few progressive business schools were developing centers for professional selling, and we saw intercollegiate sales competitions, chartered institutes, magazines, tertiary education courses and conferences further promote professionalism in selling to the present time.
Tribute
We salute these colleagues and others who have made individual and collective contributions to the quality of thought in sales. Over time SalesLabs has worked with or shared the stage with a few, and greatly valued rolling up our sleeves together. With so many of these authors, consultants and founders having engineered an exit or now retired, we celebrate their contributions in moving business selling from an erratic dark art to being run as a measurable process that is central to responsible corporate governance.
Position
The global corporate training market is projected to reach $487.3 billion by 2030. The sales training sector is typically valued at 10 percent of this in any given year. SalesLabs is now one of the world's only multi-decade sales training, performance coaching and governance firms to maintain its independence instead of becoming another product line in a larger company. The trusted position we occupy in the revenue growth advisory sector demands neutrality. A consulting firm cannot advise on the efficacy of a client's sales software if it is owned by a software company. Nor can it impartially assess the skills of a salesforce if its parent company handled the hiring. We believe the objectivity needed to properly tune a sales organization gets diluted when sales training firms are merged or acquired by PE, HR or software companies.
Beliefs
We believe salespeople are entitled to tailored, personalized coaching based on observation of their actual skills over time. This approach works.
We believe sales managers are entitled to learn the strategic, political, financial and operational aspects of their role, and not be expected to succeed as a leader just because they were a good salesperson. We also believe they are entitled to on-the-job mentoring from a qualified party outside their company, to whom they can honestly confide in and receive impartial advice. This approach also works.
We believe shareholders of publicly traded companies are entitled to invest where every senior director understands that no quarterly or annual forecast can be relied on if it is not built from sales forecasts that have been validated and de-risked through rigorous governance procedures, and where salespeople are properly skilled and certified to deliver results in their mission-critical role.
We believe we do our best work for clients when executives partner with and empower us to drive meaningful uplift across their sales organization and channel partners. These services may include analysis of the sales function to identify untapped potential for improvement; tailor-made training and skills coaching; mapping the SalesDNA of each person on the team, to ensure the right people are in the right roles; and the development of sales academies, playbooks and 'war rooms' to improve forecast accuracy, win rates, and overall corporate governance.
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