The Gong GOATs: How Demandbase grew its market presence and hiked win rates
The challenge
Demandbase sensed that there were âhuge marketplace opportunitiesâ available, but wasnât sure how to uncover them with something more reliable than opinions. They needed a reality-based solution that could detect areas where they could improve and grow, in order to generate more revenue.
The outcome
Using Gong to get full visibility into its teamsâ performance and market opportunities, Demandbase increased its annual contract value (ACV) by 25% in certain segments, bumped its competitive win rates by 11%, and reduced onboarding time by 15%. They also created an exciting internal program to highlight their impressive customer engagement and share best practices.
When Jay Tuel first heard about Gong, he blurted out, âI need that NOW!â
Jay is the VP of Strategy, Revenue Enablement, and Sales Development at Demandbase, a SaaS company that âdelivers a no-limits, account-based sales and marketing solution that allows companies to think big, start fast, and adapt quickly.â
His main goal is ensuring that the field organization is âarmed with the intelligence it needs to have better conversations with our prospects and customers and ultimately win more, renew our customers, and increase win rates.â
Gabe Rogol, the CEO at Demandbase, was concerned about an even bigger picture. He thought a lot about how to capitalize on huge opportunities in the marketplace.
Since implementing Gong, Demandbase has:
- Increased Annual Contract Value (ACV) by 25% in certain segments
- Increased win rates by 5% across the board
- Bumped up competitive win rates by 11%
- Reduced onboarding time by 15%
Weâre going to share how Demandbase cloned its A-players, revamped its entire onboarding program, embedded Gong into its culture, and achieved incredibly positive results.
The shift to digital sales and marketing teams accelerated over the past 18+ months. Salespeople and marketers alike now require new tools and platforms to get their jobs done. Theyâre looking to Demandbase to be that solution â so thereâs (almost literally) no end to the opportunities out there across many sectors.
Gong uncovered these marketplace opportunities â ones based not on opinions, but on reality â from within Demandbase. And both Jay and Gabe have been thrilled with the results.
Clone the A-players
When Jay first rose to his current role at Demandbase, he was tasked with implementing a new qualification methodology called MEDDIC, a ânew muscleâ for most of the sales team.
âWe wanted to understand how the team implemented the MEDDIC methodology, assuming they used it at all.â
Jay hoped to identify his star performers and leverage their approaches to help train the rest of the field. âAny time you implement a new methodology, itâs helpful to have data-driven insights that showcase who does it best. Using that information to teach others is absolutely crucial to adoption success.â
At Gong, we refer to this technique as âcloning the A-players.â You learn what your top reps do to win and make sure the rest of the team uses those best practices.
Coming from a sales background, Gabe knew that no matter what his sales org challenges were, some people would still succeed.
Like Jay, he asked, âWhat are the successful ones doing well and how can we replicate their success?â
Jay initially assumed that sales managers would need to do the leg work on sharing best practices, but that move actually came from the sales reps themselves.
âGong adoption really exploded at Demandbase when reps started organically sharing great calls without their manager requiring it. It was pretty cool to see in action.â
This accelerated Gong adoption wasnât limited to tracking the implementation of MEDDIC. According to Gabe, Gong allowed Demandbase to âfind nuggets of amazing workâ in all facets of the business, and put them into practice for everyone.
Admittedly, Jay worried about whether the team would embrace Gong. Folks are often hesitant with any change in processes or technology. Gabe also said that he was initially skeptical. Would sales reps really want their calls recorded? Would they feel like Big Brother was watching, lurking âŠ
But once Jay and Gabe saw how engaged the sales team was â like the time reps used Slack to ask if anyone had a Gong call that could help move a deal along â their concerns fell away.
That was the tipping point. If the sales org was behind Gong, so were Jay and Gabe.
Leverage Gong to uncover coaching opportunities
Coaching is about more than investing in skills transformation for your team. A lot of coaching opportunities allow you to transform your repsâ skill sets and deal outcomes at the same time. Thatâs because Gong pinpoints coaching opportunities that are tied to skills known to help close deals.
Demandbase recognized the power of using Gong to coach, pretty much from day one.
âWe loved the fact that we could immediately understand what was happening in any repâs pipeline,â shared Jay.
Specifically, Demandbase uses Gongâs Deal Boards to âpinpoint where weâre having conversations or where there is a lack of activity. Thatâs an opportunity to dive in and learn more: Why are certain deals at risk? How can we, as managers, help to âright the shipâ and get the deal back on track?â
Jay and the team also love getting into the nitty-gritty details of a call to understand what works (and what doesnât).
Demandbase uses all the approaches listed below, and per Jay, is âonly scratching the surfaceâ of Gongâs capabilities:
- Call stats
- Key points to focus on
- Trackers
- Conversations that arenât happening, but should
Lately, Jay has really been digging the weekly Gong email he gets as itâs always chock full of coaching insights.
âThe Monday morning Risk Tracker email is one of my favorite emails I receive. It tells me which actions I need to take that week to get deals back on track. Itâs pure gold!â
Jay loves how Gongâs data-driven insights and time-saving, automated emails focus on a handful of actionable items to course correct deals and get them rolling in the right direction.
âHaving this level of insight just served up to me every Monday morning makes my job so much easier. Itâs a huge time saver and an efficient tool.â
New Gong GOAT program builds connectedness and clarity
Tom Brady, Simone Biles, Michael Jordan, Beyoncé.
Thatâs just a handful of GOATs (Greatest of All Time) in their respective fields.
Demandbase also has a team of GOATs â Gong GOATs, to be precise.
Per Jay, Demandbaseâs new GOAT program âcrowdsources content and recognizes people for having great calls, pointing out individuals who are really nailing a certain topic.â It surfaces the best-of-the-best calls and bubbles relevant content to the top so it can be shared.
âRahul Gupta, Director of Revenue Strategy & Enablement at Demandbase, says its GOATs were born of a simple question, âCan we use Gong to gather the best of âŠ?â Turned out, yes.
âExcitement took over and things went viral internally. And really, fundamentally, this isnât about finding GOATs; thatâs a secondary benefit. Itâs about Gong fueling an ever-curious, data-driven, and celebratory culture for us. Within Strategy & Enablement, for example, we are well on our way to using Gong to get strong data points we can use alongside others to triangulate and validate the impact of our actions. In sales, a recent snippet of awesomeness set our sales Slack channel ablazeâŠâ
The new GOATs program has made its way into the onboarding process. New SDRs and sales reps go on a Gong scavenger hunt, navigating their way through the Call Library to find Gong GOATs and listen to the calls.
Pinpointing essential onboarding content and noting performance gaps has been invaluable to Demandbaseâs new team members. It also reduces the burden new hires place on internal teams, as newbies can toodle around in recorded best-practice calls without distracting reps from their sales activities.
The data proves it out. The average onboarding time has decreased by 15%. The goal in 2021 is to reduce ramp times by another 25%. Jay is confident that Gong can get his team to that lofty target.
Jay couldnât be more pleased with this program: âGong GOATs has become an integral part of our culture here at Demandbase.â
Win and grow with âthe four Csâ
COMPETITIVE INTELLIGENCE
If thereâs one thing successful businesses have in common, itâs that they understand their competitive landscape.
Thanks to Gongâs competitive trackers (i.e., automated notifications), the team at Demandbase now knows when competitors are mentioned, which types of questions customers or prospects ask, and which objections they present.
Trackers provide visibility into how top sales reps handle competition-related questions and objections. This has helped Demandbase build out objection handling responses and scale them out to the rest of the team.
âThis real-time, real-world competitive intelligence is nearly impossible to gain without Gong,â says Jay. âThe data have proven invaluable to our leadership team.â
This intelligence makes life so much easier for sales managers. It saves them hundreds of hours of listening to entire calls. Instead, they listen only to the most important snippet about the competition, as detected by Gong.
Bonus: Demandbase took competitive trackers to the next level using the Gong API to push that data directly into Salesforce.com. They use the data to build âintent scoring,â â deals and rate opportunities.
But competitive tracker data isnât just for sales reps and managers. Demandbase also shares it with the executive team. Gabe keeps an eye on calls that come through, and learns so much about what Demandbase does well and where they need to improve. He shares the background stats and the insights with his C-suite colleagues.
Gabe says this type of intelligence led Demandbase to completely reconstruct its sales process. They now define how various stages are qualified, to more predictably drive revenue.
âBefore Gong,â Gabe said, âwe were missing some qualifications â stages of the sales process that successful reps always went through to close business. Our new, Gong-inspired process means reps canât progress through various stages without doing the things identified by Gong as necessary to close deals.â
The insights from Gong have led to Demandbase building a more scalable sales process. This, in turn, resulted in an 11% boost to competitive win rates.
The net result is this: higher close rates, quicker deal velocity, and super-charged growth.
COLLABORATION, CO-SELLING, & CROSS-SELLING
Demandbase absorbed three new companies in recent years, and integrating their functionality into the current product is no small task. It has taken a truly collaborative approach, and luckily, that aligns perfectly with another Demandbase objective: uncovering data that demonstrates how to best increase their Average Contract Value (ACV).
Sales reps from the three companies all share best practices using recorded calls. Theyâve created a Gong-specific Slack channel where SDRs and reps drop in Gong call snippets, and use them as âshout outâ and learning opportunities. Theyâre also collaborating on objection handling best practices. Itâs led to some pretty powerful co-selling and cross-selling opportunities as well.
Gabe says that from a sales, marketing, messaging, product, and customer success point of view, getting disparate teams aligned on co-selling and cross-selling was essential.
âBecause we now have more products to sell and more areas of expertise, we have to educate our team in areas where we didnât have to in the past. Gong is essential in helping us understand how to sell each product effectively to each persona.â
Gabe also says that with Gongâs help, Demandbase can better identify cross-sales signals, which means the team can expand in a strategic way. Instead of relying on outdated information, Gong gives Demandbase visibility into leading indicators of success. That means Demandbase can move from being âa disjointed, multiple-company organizationâ to a one-company, one-mission, one-sales-process business. Theyâre more aligned.
The four Cs â competitive intelligence, collaboration, co-selling, and cross-selling â have bumped Demandbaseâs ACV by 25% in certain segments.
âNobody is going to argue with those numbers,â says Jay.
The Demandbase-Gong relationship: What does the future hold?
âThey are my favorite team to work with,â Jay stated quite matter-of-factly. âOur Gong team is dedicated to our success.â
Bi-weekly meetings, quick response times, and help implementing a new methodology (remember MEDDIC?) helped establish Gong as a trusted source of support. The Gong team advises on best practices and shares insider tips on how other customers have succeeded in similar circumstances.
As much success as Demandbase has experienced with Gong, itâs really only the first leg of their journey.
Thereâs so much more to come with deal trackers, stats and data for coaching, using data for forecasting and in pipeline reviews, and tapping into more Gong integrations. And thatâs only naming a few options at Demandbaseâs disposal.
âGong is the future,â says Jay. He believes that working with Gong has been a game-changer.
And according to Gabe, Gong has enabled Demandbase to dramatically accelerate growth and improve retention.
âGong is the feedback loop we need for sales excellence,â Gabe says. âAs we become a more global organization, weâre excited to have Gong with us for the ride. We need Gong to make it to the next stage in our growth.â
Weâre right there with you, Gabe, riding shotgun.
HABEN SIE FRAGEN ODER MĂCHTEN SIE EINE INDIVIDUELLE DEMO?
Wir helfen Ihnen gerne! Klicken Sie auf die SchaltflÀche unten und wir melden uns bei Ihnen.
Demo anfordern