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Aug 31 2017 | Overground
For today’s sales force, B2B buyers are increasingly difficult to reach and engage, and cold calling response rates decrease every year. In fact, a 2011 study from the Keller Research Center states that only 1% of cold calls ultimately convert into appointments.
Cold calling is no longer an effective method to reach B2B executives today, but it is still all too common. Why?
Because many sales organizations are stuck practicing the “proven” methodologies of the past instead of developing a sales strategy for today’s digital world.
Many sales best practices still taught today are a part of The Solution Selling® methodology, which focuses on determining customer pains and needs to collaboratively build a solution to address them. While this proven methodology has brought companies tremendous success since it was founded in 1988, there are several components that aren’t as effective in today’s customer-centric digital marketplace.
According to Solution Selling®, a discovery call, or cold call, should be your first touchpoint with a prospect, but in today’s digital world your customer has already completed 57% of the buyer journey before even reaching out to sales.
Prospects no longer need a sales rep to educate them on your solution. They can instead perform a quick Google search, and check out your competition in the process.
To succeed in today’s B2B sales environment, sales strategy needs to go beyond solution selling and truly demonstrate unique value. It’s critical that sales reps show the customer that they can teach them something new about how to address the challenges they are facing.
Focus on Marketing and Sales Alignment:
Since prospects are going online to do research before engaging with sales, developing a sales strategy that focuses on marketing and sales alignment is now more important than ever before. To improve your chances of reaching B2B executives today, sales and marketing must be tightly aligned on:
Define “What’s in It for Them”
B2B buyers have more information, choices and power than ever before. Prospects don’t have time to take a cold call and talk about their pain points. They already know what their pain points are. They want to know:
By developing a sales strategy that addresses the value that you can bring to the prospect upfront, you increase your chances of engagement.
To learn more about how to develop an effective B2B sales strategy that will help you improve engagement, drive new business opportunities, and increase revenue, check out our e-Book.
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