Healthcare sales is far more complex than most other fields of sales. Due to the additional obstacles involved, it also requires additional training.
Unfortunately, 26% of healthcare sales representatives say their training has been insufficient.
On average, investing in well-trained and successful sales representatives costs $1,459 per trainee. However, that cost is worth the investment. Healthcare companies that make that investment see their revenue increase by 95%.
Most comprehensive sales training programs last ten weeks. To make the most of that money and time, here are five topics you should cover in your healthcare sales training program to maximize your return on investment.
Key Takeaways:
- Training is essential because smarter sales lead to more sales.
- Healthcare sales training is more specific than regular sales training.
- Effective healthcare sales training requires both sales and medical knowledge.
5 Crucial Topics for Effective Healthcare Sales Training Programs
Healthcare sales training programs are different from regular sales training programs because of the unique courses specific to the medical industry. However, sales training programs can lay the groundwork for healthcare sales.
How to Sell 101
The first course to any effective medical sales training program is learning the basics of sales. An excellent foundational sales course will include:
- Understanding customers and their needs
- Generating and contacting leads
- Learning your products
- Creating achievable goals
- Using tools and apps to simplify the process
These topics teach a sales representative the entire process of making a sale, from finding potential buyers to selling the product. It also teaches finalizing a sale and filing the necessary paperwork.
On average, a person interacts or sees a product seven times before buying the item. These are called touches. A good sales representative cuts down on touches by maximizing each interaction to answer the buyer’s questions, address their concerns, and solve their pain points.
Business Basics
Sales representatives tend to focus on meeting their quotas. However, businesses-minded sales reps consider their whole company. This more comprehensive view influences their entire sales technique.
Business knowledge sets sales leaders apart from regular sales reps.
Knowing how businesses function also helps reps solve potential issues. For example, a sales rep may see a dip in customers in terms of lost commission. In contrast, someone with business savvy could identify more significant business problems behind the lower customer numbers.
Someone who understands businesses also understands that making a sale isn’t the end goal. If a sales rep focuses on selling a product as the primary target, they will do whatever is necessary to make a deal. However, if you want to build a strong business, your end goal is creating a positive experience and lasting customers through meaningful interactions and strong sales tactics.
People Skills and Customer Relations
A good sales rep is also a good people person. They know how to strike up a conversation and listen to a customer’s needs. After all, selling a product is all about meeting those needs.
A good sales training program will teach people how to develop relationships that turn into returning customers.
Medical sales training courses will be different from regular sales courses when it comes to customer relations. Medical professionals often have very little time to listen to long sales pitches. Making an impression in half the time is key to reaching your market. Physicians and healthcare providers are also highly educated and won’t fall easily for a hyped-up sales pitch.
A healthcare sales rep needs to learn how to approach medical professionals with respect, time sensitivity, and intelligence – leveraging statistics and facts to back up each claim.
Medical Industry Terminology
Good healthcare sales reps understand more than just their market. They also understand their products. Medical equipment and products are essential for saving lives and preventing infection. If a sales rep can’t guarantee its quality and features, they won’t be able to sell their product.
When a sales rep interacts with medical personnel, they should understand all related medical terms in order to offer intelligent responses to any questions posed. Then, they need to understand the ins and outs of how their product functions in the medical field, so that they can explain just why their product is better than the competition.
Obstacles and Pain Points in Medical Sales
All sales come with their challenges. However, knowing what these challenges are beforehand can help a sales rep navigate around them.
One main obstacle in medical and healthcare sales is the need to offer quick, intelligent sales pitches. Doctors and healthcare professionals need to know why your product is better through facts, figures, and statistics, provided in a fast sales pitch that respects the busy schedule of healthcare providers.
The second obstacle sellers will face is proving the reliability of the product. Healthcare providers won’t be willing to perform trials and errors with most of their equipment and supplies. People’s lives are at stake, so they feel most comfortable using products and equipment with guaranteed reliability.
To make that sale, a sales rep needs to understand the pain points of healthcare providers – meaning, the typical issues that healthcare providers face. Here are four common healthcare pain points:
- Dissatisfied customers
- Medical lawsuits
- Losing employees
- Doctor and nurse burnout
Now, show how your product solves some or all pain points. This technique positions your product as an essential part of any healthcare facility.
Invest in Healthcare Sales Training Programs for Your Reps
Healthcare sales is a rewarding field, as you have the chance to be part of saving people’s lives by offering the best supplies and equipment to medical facilities and healthcare providers. However, becoming a leader in healthcare sales will not happen overnight.
If you want to succeed in your healthcare sales, take a comprehensive healthcare training course that offers these five topics.
Begin your training through one of Share Moving Media’s educational programs specifically for healthcare sales representatives.