How to handle – the B2B sales person’s dilemma

In my post yesterday I wrote about how weak sales people – and there was a time I was one of them – avoid asking the customers on what other options they are considering during the sale. Since they are weak sales people their prospect base is generally way behind their target so they are hoping against hope that the customer will not consider any other option and only buy from them.

A mature sales person knows that time is her most precious commodity, so she doesn’t want to waste time on unnecessary accounts. She matches the accounts which she thinks are the ideal customers for her service offerings. She doesn’t try to waste time on accounts where the match is difficult, if not impossible.

A B2B sale will generally always have multiple rounds of interactions. Today most prospects do their research before meeting with the sales people of companies they want to meet. So as a sales person your responsibility is to understand what’s in their mind and also to challenge it subtly with what you think will benefit the customer more.

You also need to map out the various departments involved in the procurement process. You can ask this upfront with the prospect – “do you’ll have a committee which gets involved in doing the buying” or another way “do you’ll go via a tender based process or is it an open bid” or another could be “does the purchase department need to be looped in during our communication” if the answer is yes, the add on question would be “who else do I need to keep in loop – what’s their name, designation….”.

A lot of times if the person tells you that “she’s the only person involved in the decision” that’s the biggest Red Flag you need to be bothered about. As I have been mentioning, in multiple posts through the years, in B2B procurement, its very rare that you will have only one person taking the decision. The higher the value, more the number of people involved. This kind of statement can have two implications – the person is extremely egoistic and doesn’t want you talking to others OR it can mean that she is trying to gain knowledge from you. Either situation is dangerous, so you need to find a way around.

Once you figure out the various stake holders involved you can start piecing together a story of the actual situation for buying. Inspite of these efforts you can still get into situations which turn out to be unproductive, but they will be lesser.

In the next post we will consider how you can find out who is your competition.

Till then

Carpe Diem!!!

Working backward from the customer result

constraints, Customer Delight, Customers, ideal customer, Marketing, single target market

When you think you have identified the niche, single target market (ideal client) and you have to figure out how to reach them, a good way to start is by thinking about the result your client will get by using your product or service.

Suppose you know the ideal result you can get for your client. Does that result actually make an impact on your ideal client. If it does not, then you need to rethink about the ideal client and the single target market. If it will make an impact will they become Raving Fans. If not what will need to be done to make them Raving Fans.

If the result you can get is going to make an impact and make them Raving Fans, then you need to think in terms of the journey the client will need to take to reach that stage and then work backwards. Its something similar to the Eli Goldiratt theory of constraints – future reality tree (FRT). You go through the complete logic , starting with the end in mind and then flow backwards to the starting point, to figure out where things could go wrong or the unsaid assumptions.

Recently my team and I were doing a Future Reality Tree for one of our operations and my colleague stopped me from proceeding because we had listed out way to many assumptions for the success of the end result. With so many assumptions not getting into certainty stage, it was going to be a disaster. So now we have one person who is going to work through the next two weeks to figure out how many of the assumptions can be made into certainty by working on platforms like Linkedin etc.

When you do this FRT, you will also be able to work out the medium which can help get you the best/fastest results. It will help you also see the chokes in the system, for you to get the result for your customer.

We will work on the next steps from here in the next post.

Till next time then.

Carpe Diem!!!

Single Target Market – getting down to the person in B2B

B2B, Business, Customers, ideal customer, Marketing, single target market

When you are looking at the B2B space, you have to keep one thing in mind always – you are dealing with multiple people not one person. In the consumer space you could look at the consumer and maybe the influencers like the wife / husband or children who can influence, but generally it’s a small set of one or one plus.

In the case of B2B sales however its always by default Many Buyer Persons getting involved even though at the company level this may be your Ideal Customer Profile.. Its very very rare to identify a single person who can take all the decisions. This however may happen if the buying value is very low.

Now if there are going to encounter multiple people that you have to influence towards your product or service then your first exercise should be to identify all the people involved. So before you talk to thousand clients in the single target market – you first need to analyse just one customer and how will the process move.

Recently in one of the cases that my team was fighting we got blindsided by the procurement team of the customer. We did all the evaluation exercises , the technical team was coordinating with us and we were supposedly rated the best. But suddenly we got to know that the order was handed over to someone else.

Our challenge was that we had not analysed the hidden agendas that were getting played out. This happens a lot when you are in the B2B space. Its called getting zigged when you should have zagged.

Once you have analysed the niche and got down to the usage, you then need to start mapping who all could be involved in the decision making in ONE customer. Once you have analysed what happens with ONE, then you can replicate the process across the whole segment that you have identified. You may still get zigged, but if you have put the identification in your process, then the chances of being zigged will get reduced.

Till next time then…..to your success in the market.

Carpe Diem!!!

Don’t blame the message…..check your market first

B2B, campaign, ideal customer, Marketing, messaging, single target market

I recently had two failures on a set of email campaigns that we ran for our B2B audience. As usual the first input I got from he sales team and their managers was “not a single response”. I was tied up in some other activities before I could analyse the issues. So last week I sat down with my team and asked them to come on Zoom so that I could see exactly what’s going on.

Whenever you talk about campaign failures – the first place that I like to check is the database (Also called the audience or in abrader term the market) in case of B2B prospects.

So if you try to sell carpet cleaning, you should be sure that the audience you are talking to has deployed carpets in their homes. Otherwise you can do the best advertising, messaging, offers but you won’t get an enquiry.

in my understanding when you have to do a post mortem of an advertising or email campaign failure, first start with the database because more than 50% of the times, that is the primary cause.

To come back to my story, I started going account by account for one campaign and realised that we were sending mails to the said designations of people, but the size of the companies was way higher than what I had mentioned in the Ideal Customer Profile. Somewhere there was a mis-communication between the manager and the database resource and we had this issue.

In the second case, the broad industry, revenue etc. were all matching. We didn’t have the break down of the sub industries. Before starting the campaigns, I had asked the research guy to give a sub-industry breakup also so that we are sure of the audience to whom we are sending. Since sales guys have their own time pressures, they decided to overrule me and the campaigns were sent out. Again “not a single response”. So during this session I decided to go to each company in the database and I asked the sales guy to show me the company details on Linkedin. Soon it was apparent that the sub-industries in which our service is not applicable were predominant in the database.

Whenever you want to analyse the failure of a campaign start with the Market/database first – you may not need to go any further after that.

Till next time then.

Carpe Diem!!!