We all have read reports about research telling us that people are about 60%
or more through their buying process before they first contact a seller. There are organizations
using this factoid to propose methodologies allowing the seller to get earlier
into contact with potential customers.
This certainly is an option but not the only one.
What has
gotten us here?
Before we take action on such a factoid, we should probably know how it was
created. As for most factoids of this
type, surveys are used; in this case asking buyers about their opinion how far
they are through the buying cycle before getting into contact with a
seller. As there is no commonly accepted
definition of a buying process, we generate
an average of subjective opinions. Trying to solve business problems based on averages
brings us usually also average (mediocre) results.
However if one has a closer look, the changed customer behavior did not come
onto business. Businesses have created it. It is not the internet that has changed
customer behavior. The customer has adapted to how businesses use the
internet. More exactly, how marketing functions
saw the internet as a new way to push information out to customers. Customers intuitively
like this new access to information without having to reveal their identity immediately
and not being dependent on a seller as the exclusive access to information.
It is however too easy to put the blame on marketing alone. Seller’s
behavior has also its share for changed customer behavior. We all have our
stories about when we felt being manipulated
by sellers. So it is no wonder that with new ways to access information, customers
tend to steer clear of sellers as long as they can.
Prospecting not being the most favored activity of sellers and their endless
complaints about receiving leads of poor
quality have also added that marketing is today so prominent in the customer’s
buying cycle by way of marketing automation. With it
came new terms and principles such as content- and inbound - marketing as well
as qualified, nurtured leads that are supposedly ready to buy. This approach is
also considered cheaper than having sellers cold calling to generate leads. In consequence
though, marketing automation keeps the potential buyer even longer away from
the seller.
What can
you do as a sales manager to get your organization there?
Accepting Einstein’s insight that problems cannot be solved with the same thinking
that has created them is probably the first hurdle to jump. It will not be
without pain because you have to go out of your comfort zone.
Then you should probably get aware of the fact that today’s top sellers approach
their job from a point of serving and making a contribution to their customers’
business. Making a quick deal with the next pay check in mind is probably no
longer a viable approach. Make though no mistake, closing deals fast is hugely
tempting for many salespeople. Put yourself in your sellers’ shoes. If you perceive
getting late into the sales cycle and you are told that you are given well qualified
leads from marketing combined with the pressure to make your numbers, how would
you react? Isn’t it though the seller’s main responsibility to close deals? Yes,
but not just closing any deal, especially if customer loyalty is put at risk.
Who do you think will be blamed when a customer, after the purchase, discovers
that what was bought does not provide the expected outcome? Humans in business
have a tendency to « outsource » mistakes by blaming factors outside
of their own control for unpleasant situations.
So there is a high likelihood that the blame will fall on the company and
more precisely on the seller that has sold the solution. The danger that this
might happen is bigger than we probably anticipate.
Customers, today, suffer from information overload. They tend to overestimate
their competency of gaining the right insights for solving their problems. This
opens an opportunity for sellers to add value to cases even though the buyer
considers having well advanced in the buying process. A seller with the right mindset
can help the customer to gain clarity and choose the right solution to the problem.
Current sales processes are though not built for this type of seller behavior.
As a sales manager, you should rethink your sales process. If the sellers are
to be able to be of service to their customers and make a contribution to their
business, the primary purpose of the sales process has to be the facilitation
of the customer’s journey. The factoid that customers have gone through 60% of
the journey before contacting a seller is though not a terribly useful starting
point for a redesign.
A more valuable insight is to accept that sellers today, when contacted by
potential customers or having to act on leads given to them, have a high
uncertainty of knowing where the customer is in its journey. A sales process addressing
this issue has to provide for a diagnosis as an initial step whenever the customer
and the seller get into first contact. The purpose of this step is though not
to discover potential pain as so often recommended in traditional sales
processes. It is simply to know where the
customer is in its journey. This allows synchronizing the seller’s activities
with the customer’s journey. Years ago, I proposed the term Triage for this
step. It does not matter whether the first contact is initiated by the seller
or the customer.
In many cases, the contact will be established by the seller after having
received a lead. For the triage to be effective, sellers must however know what
entry point the customer has used to get into contact with your firm. This is
the most vital information marketing has to provide when forwarding a lead to
sales. This will enable sellers to hold meaningful conversations with their
potential customers.
Good cooperation between sales and marketing is required for this
information transfer to be effective. This point has been high on the agenda of
sales managers for years without much progress being made. Yet, coordinated
actions between the two departments have never been as essential for success as
now. A way forward in this matter could be to stop haggling about who has the supremacy
in facilitating the customer journey. Decisions on who does what should be
based on who is perceived as more capable, by the customer, to facilitate the
journey to get to the next stage.
Conclusion
An effective response to the changed customer behavior
requires sales managers to change their beliefs first and then to execute on improving
their peoples’ thinking. The challenges posed by existing sales processes and
relations with marketing should then be addressed. It is not knowledge but
execution which will provide progress.
The research findings can help us understand what a lot of things related to each other. Based on the rationale and logic.
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