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When we launched Hive Perform to a sales team of 900 reps, our goal was simple: harness the wealth of knowledge that already existed within the team but was locked in manual, ad hoc, and unscalable processes.
Without adding new resources or materials, Hive Perform provided a platform for reps to engage in meaningful practice scenarios, discussions and share sales strategies in real time. What happened next was a reversal.
We saw a 47% increase in sales performance and a 36-day reduction in the time it took new reps to make their first sale.
But the real magic happened when we analyzed 5,000 conversations that took place between sales representatives on Hive Perform. These talks were packed with sales strategies, success stories, and problem-solving insights that were previously difficult to capture and leverage. From this analysis, we discovered 10 key topics of conversation that led to these impressive results.
These conversations highlighted something powerful: the wealth of tacit knowledge within sales teams—knowledge that can only be gained from those “in the trenches” day in and day out.
Traditionally, this type of insight has been difficult to measure and apply to other reps, especially new hires. However, Hive Perform changed that by creating a solution where reps could regularly share, practice and refine their techniques.
Experience alone is no longer enough. Sales reps need regular practice to stay sharp and adapt to changing market conditions. Without continuous practice, even the most experienced reps risk falling behind. Ongoing conversations within Hive Perform made it clear that practice is key to mastering the skills needed to execute effectively every day.
But it’s not just representatives who have to stay sharp. Organizations must also continuously provide resources that are relevant and aligned with what representatives actually need. This is where the challenge lies: identifying those needs and delivering resources that are useful, timely and practical. Without this alignment, reps won’t engage, and the opportunity to increase performance is lost.
Hive Perform didn’t just provide a space for conversations – it created a continuous improvement feedback loop. Reps practice, share knowledge and refine their strategies in real time. This ongoing practice provides the skills and insights needed to stay ahead in a changing market. The insights gained from the analysis of those conversations were the basis for the leaders to take action.
With only 5% of the sales team in leadership positions, traditional methods of cascading information through sales managers or using outdated knowledge sharing tools were no longer sufficient.
Before Hive Perform, capturing invaluable knowledge within the team and feeding it back into the sales engine was nearly impossible.
Now, with access to these insights, sales leaders can reshape the way they talk about products, focus on key opportunities to sell more and more products, and communicate that knowledge directly back to their teams. This allowed reps to move forward with a constantly iterative strategy, ready to take advantage of the latest tactics and trends.
1.Real-time insight into product performance
2.Product hacks, techniques and tips to increase customer impact
3.Exchange of customer preferences and trends
4.Rapid dissemination of promotional information
5.Collaborative problem solving and advice from peers facing similar challenges
6.Successful product pairing suggestions for upsell and upsell opportunities
7.Constant education about the brand and products
8.Exchange of visual positioning and pitching ideas
9.Sharing customer service best practices
10.Competitive product intelligence and faster sharing of competitors’ moves
The story of Hive Perform’s impact doesn’t end with the discovery of these valuable insights. Armed with this newfound knowledge, sales leaders are now ready to stay ahead of their strategies and align their teams with unprecedented precision.
The key takeaway is clear: by capturing and scaling tacit knowledge within your team, you can democratize performance gains across the sales force.
Hive Perform has created the foundation for lasting sales success by facilitating continuous practice and providing resources that directly address real-world needs.
In the next series, we’ll explore how leaders take these powerful insights and turn them into actionable strategies. We will dive deep into:
How sales managers use data-driven approaches to reshape their coaching methods
Creating customizable training programs that evolve with market trends
Innovative ways to encourage knowledge sharing and collaborative problem solving
Techniques for quickly spreading successful strategies among large sales teams
By harnessing the collective wisdom of their sales force, organizations don’t just improve performance—they reimagine what’s possible.
Stay tuned as we continue to uncover the transformative power of continuous learning and practice in the world of sales. The journey from insight to action promises to uncover even more exciting opportunities for growth and innovation.