AI impacting the B2B sales process

AI, B2B, education, Sales

Education is still the strongest weapon

When I started my career in sales , we didn’t have mobile phones, email, internet. The receptionist would physically connect cables to get your extension connected to the external phone. We would literally go from one security office to another physically ,to check if the person was available and then meet the folks. For most people this would sound like I belong to the time when dinosaurs roamed the earth.

Earlier the sales person would carry the brochures with them in their briefcases. The information was controlled by the sales persons. The users would inform the challenge they were facing and then the sales person would take the brochure out from there briefcase and point out how their product/solution would solve the customers’s problem.

Since information was with the sales person, the prospects, would be willing to meet the sales person, so that they could get the information. Without the information, they would not be able to make comparisons between different products or solutions. The sales persons therefore got in much earlier in the sales cycle and the good ones were able to educate the customer, get the trust and influence the order.

Then came the internet. With the internet, all the information was available to the customers via the web. They could get whatever brochures, white papers etc. that they wanted, directly from the net, without having to wait or meet the sales person.

In this situation, the customers would gather all the knowledge that they needed to solve the problem before even interacting with the sales person. So getting an appointment became even more difficult. If the prospect had reached a stage where they now needed the information to compare or to get better pricing, only then they gave the appointment and that to, only to the vendors from whom they wanted additional information. So the companies who had not not put out enough information on the “net” , were not considered by the customers and therefore getting appointments became even more difficult for them.

So sales people had value , much later in the selling cycle, compared to earlier, but there still was value in how they would help optimise their solution or how the product would interact with other constituents of the existing setup in the customer environment.

Now with ChatGpt and other generative AI models coming in, even at the B2B level, my guess is that the sales person’ will be needed even later. The generative AI programs can write “code” and do comparisons between options and even suggest complete solutions.

Since customers will do all the activities on their own without the help of the vendors, they will do it as per their schedules. So the access to the customer will get more difficult for the sales persons. Since the customers may actually do the comparisons on their own, they may end up taking longer, since they may not understand all the nuances of a solution.

Having said this, the vendors can also use AI based tools to identify better on the prospects who could be looking for the solutions by using “intent” data. This was not available to sales people earlier. Once you have intent data, you can actually discreetly step-into the customers evaluation process and educate them with options about how other customers are solving the same problem.

Since you are now “educating” the customer again, chances are that they may get influenced by you. This again brings back the concept – that marketing is all about educating the customer. The way and timing of the education may change in this new world order, of AI, but education is still the best method to influence customers.

Till next time then.

Carpe Diem!!!