PRIME+ Selling System Blog

How Online Training Achieves ROI

Written by Fox Selling System | October 27, 2021 at 12:00 PM

In the alcoholic beverage sales world, the efficiency of your sales team is the engine that drives your entire organization's growth. You want to provide the tools and resources so that your salespeople can close more sales, but you also need to know that any investments that you make in your team are going to be worth it in the long run. If you're looking to shore up the effectiveness of your sales team with efforts that achieve a strong return on investment, employee development courses are one of the most important resources you can provide.

Investing in your team's skills always yields many long-term benefits. By utilizing online sales training, you can get unparalleled ROI when developing your team. 

Employee Development Courses Invest in Your Team's Skills 

You can't expect anyone to excel in sales without the proper training, and continued development keeps your organization moving forward while you do so. Some base level of training allows your entire sales team to get to an even playing field so you're not wasting talent by not giving them the proper tools. As your team becomes more experienced, they'll also draw deeper insights and gain more from training. Continuous employee development lets your salespeople improve their techniques and methods, long after they know the ins and outs of BevAlc sales.  

There are more opportunities for learning and development among your sales staff than you may think. Even top salespeople can afford to brush up on one or two topics, or newer salespeople may need to learn new skills to take on more responsibility. Learning materials can fit any sales team's needs and can cover a wide range of topics, such as:

  • Fundamentals of innovative sales techniques 
  • Account leadership and strategic analysis 
  • Sales management and coaching training for developing up-and-coming talent
  • Webinars and live virtual events hosted by top experts in the field 

Routine, digital training encourages a culture of continual learning within your organization. Most employees want to feel like their skills are being invested in by their employer, and engaging training content does more than just teach skills to your team. Shared training experiences also promote discussion of sales methods and techniques among your salespeople, encouraging your entire team to be much more engaged in the business of achieving high sales. 

Online Sales Training Presents a Cost-Effective Way to Boost ROI 

Investing in training is one of the most effective ways to gain solid returns on your investment in your sales efforts. In the BevAlc industry, your customers are usually readily available, but the industry can be highly competitive and your sales team needs to stand out from the crowd. The skills of your team to sell the right products, develop relationships, and identify key customer needs can potentially have a huge effect on your profits. Over time, the difference in value between a salesperson who is slightly underperforming and one that's consistently over-performing is staggering, so you want to make sure that your whole team has the skills they need. 

One study found that every dollar a company invests in training yields around a 353% ROI on average over time. Training your sales team is worth it, and by utilizing online sales training, you can potentially get even more ROI on employee development efforts. Encouraging a culture of digital learning in your organization not only saves money on the logistics of costly in-person training but also saves time for both you and your sales team. 

Cultivating Your Team's Skills Leads to a Happy, Productive Sales Force 

Your top talent on your sales team wants to feel supported and encouraged to grow and develop. A happy salesperson is an engaged salesperson, and more engagement and higher morale in the alcoholic beverage industry almost always mean higher performance. 

Giving your team the tools that they need to feel supported isn't just about increasing surface-level productivity, however. It's not your underperforming salespeople who will leave for a competitor if they feel they aren't getting enough development or opportunity with you. A robust online sales training program helps you retain your top talent while you invest in them so that they have the opportunity to grow within your organization. 

Boost Your ROI with Online Employee Development Courses 

Cultivating a robust system of online training for your sales team doesn't just empower them with a more diverse skillset to take on the challenges that they'll face, but it also helps craft a healthy culture of performance within your organization.  Giving your sales team the opportunity to develop their skills also shows that you are willing to invest in their future, which boosts morale and can improve your retention rate with your top talent. 

If you're ready to see how digital employee development courses could benefit your organization's ROI, visit us today for more insights into how sales training can empower your team in the BevAlc industry.