Role of influencers in the sales process can be categorized from people who understand the solutions and they will influence the decision maker to implement solution / product. Another influencers set would only be act upon if the top management instruct them so and there are people who focuses aspects like brand, sales person, price, legacy etc. to take a decision. The initial mapping of the sales influencers with respect your portfolio is important in any sales process.
I am trying to plot some thoughts on How to utilize the influencers in a more productive manner which can reduce the sales cycle time and results in repeat business
1. Empowering with the solution / product
As sales people we have knowledge on the industry we serve. Any product / solution has minimum 50 features, attributes and benefits to talk about. We will prioritize the critical information and will communicate same message to the influencer and the decision maker. Usually we will be able to render only the important points to the decision maker but each and every product information can be communicated to influencer without fail and the strategic importance of the each can be narrated as he will have enough time to hear this from you compared to the decision maker.
Certain features which were overlooked by the sales would strike him and he will take up those points to the decision maker during their internal decision making meeting. This will also give us an edge against the competition. In short the product / solution, its implications, case studies, awards and other relevant information should be well presented to the influencer as this will helps in positioning yourself better and influencer is loaded with information to act as a positive influencer for your package.
2. Enhancing industry knowledge
Every employee would be curious to know about the major event happening in the competition especially what his counterpart does. This is a very tricky exercise as we are not supposed to reveal about other customers of ours with the outside world. During the first meeting we shall make sure to give the important players that we work alone, but from then try not to mention any competition in the further discussion. When talking about best practices, you can mention the word ‘ industry’.
Updated industry knowledge is the biggest armor any salesperson can use during the sales pitch. Current trends, the forecasted industry shape, updates in the industry review articles are to be shared to the influencers. Hence he will consider you as a knowledge resource center, a strategic position created in his mind about the sales person which is a differentiator compared to your competitors.
Every employee would love to hear ‘good’, communicated to his manager. There are instances like defining the scope, where the inputs given by the influencer can be mentioned during the meeting. While communicating through the mail, mentioning the influencer in the right context will work and influencers should get the feeling that he gets his share of credit.
During the wrapping up of the sales process, which would be signing off presentation or an email, a brief note on the influencer’s contribution on identifying challenges and the solution needs to be stated. This will help him in his KPI’s and also an excellent tool to get into his good book.
Google, blogs and other internet trends have transformed the way people and business purchase products. Much business have outdated sales techniques for prospecting for qualified leads. 60% of the sales peoples time is spend for prospecting, which can be effectively used for sales closing and account management. Its time to rethink the sales strategy within the organization. Here are the four essential areas to focus on to gain efficiency in the business.
- Focus on the need
During the sales process, the focus should be on the customer challenges and uncoveing their need. Solution needs to be recommended only when the need is clearly understood by the customer. In order to satisfy customer needs companies have to optimize its resources to proactively answer the solution and find means and ways to support the company. Focus in the core business is the key. Clients don’t want to buy products, they want help. The best way to help them is with the solution & your expertise. Educating the customer is key rather than selling the solution you intend.
- Product is well known to the client before sales person strikes him
At present, 70% of the sales cycle would be completed before the sales person’s first meeting with the client. The information on any product and service is readily available in Google and in the era of strong inbound marketing tactics (leads generated through social media, blog and email marketing) companies are well versed with the market knowledge. As outbound sales (meetings, trade shows & business cards) is an expensive proposition, it is recommended to educate customer through long term inbound marketing to attract them than chasing.
- Prospecting is not the responsibility of the sales person
Qualification of the sales leads are outsourced as the internal lead hunting leads sales team with lack of motivation, lack of focus, lack of proper training and support and unclear metrics. Specialize the sales team on closing and account management. If you can’t specialize today, create a plan on how and when you can.
- Objective of your customer in mind
Objective of any company should be with the customer to help him to achieve his objective. The resources are to be aligned in such a way that the solution to their issues and objectives are imbibed by the team to offer them the best solution. What we really need is the mindset shift that will make company relevant to customers today.
Competing on analytics is an HBR article written by Thomas H. Davenport and this article has categorised as a must read piece in hbr.org .
Presentation points on How to compete in analytics scenario.
The case of UPS, Barclays,Capital One,EJ Gallo winery,Harrah’s,Owens & Minor,P&G and Walmart have been incorporated.
The major topics covered:
Analytics as a strategy
Anatomy of an analytic competitor
An enterprise approach to analytics
Analytics competitor (analytics driven companies) as a source of strength which include people, strategy and technology.
The technology strategy uncovers data strategy, business intelligence software and computing hardware.
Every day advances in technology and techniques gives company a better handle on the critical miniature of their operations.
<div style=”margin-bottom:5px”> <strong> <a href=”https://www.slideshare.net/TwinkleSebastian/competing-on-analytics-22061346″ title=”Competing on analytics” target=”_blank”>Competing on analytics</a> </strong> from <strong><a href=”http://www.slideshare.net/TwinkleSebastian” target=”_blank”>Twinkle Sebastian</a></strong> </div>
Article describes on What appointment setting is and the recent changes in the sales management. The content highlights are as follows:
1. Process of appointment settings
2. Steps to work along with an appointment setting company
3. Results expected out of an appointment setting campaign
4. Tips to evaluate the vendor
5. Reasons for outsourcing appointment setting
6. Why SME’s try appointment setting for sales closing?
7. Appointment setting strategy
Presentation recommends this as an excellent tool for SME’s for sales closing.
<div style=”margin-bottom:5px”> <strong> <a href=”https://www.slideshare.net/TwinkleSebastian/its-all-about-appointment-setting” title=”Its all about appointment setting” target=”_blank”>Its all about appointment setting</a> </strong> from <strong><a href=”http://www.slideshare.net/TwinkleSebastian” target=”_blank”>Twinkle Sebastian</a></strong> </div>
Detailed information on Email Marketing.
The points covered:
Aim and objective of email marketing
5 signs its time for a ESP
3 requirement of email marketier
14 email metric, 6 tips for evaluating email vendors
5 ways to improve email engagement
4 reasons on email marketing is better than social media marketing for B2B.
<div style=”margin-bottom:5px”> <strong> <a href=”https://www.slideshare.net/TwinkleSebastian/email-marketing-a-comprehesive-note” title=”Email Marketing – A Comprehesive Note” target=”_blank”>Email Marketing – A Comprehesive Note</a> </strong> from <strong><a href=”http://www.slideshare.net/TwinkleSebastian” target=”_blank”>Twinkle Sebastian</a></strong> </div>