The document discusses how marketing and sales have changed dramatically in recent years due to new buyer behaviors and technologies. Buyers now do extensive research online before engaging with sales, and use a variety of information sources and networks to make purchase decisions. This has shifted power to buyers and made traditional sales approaches like cold calling much less effective. The document recommends that companies focus on understanding buyer motivations, demonstrating value over price, stopping ineffective sales tactics, enabling sales teams, and aligning marketing and sales around content and messaging to engage buyers throughout the purchase process.
10. They turned from buyers into researchers.
Source: 1999 20th Century Fox
11. Work is now a state of mind.
It's imperative to understand their motivations, emotional attitudes and
levels of satisfaction with round-the-clock, all-device messaging.
Source: 2013 gyro “The At-Work State of Mind Project”
20. It’s no longer simply about
“what” you sell, but “why”
and “how” you sell it.
21. 78%
Feel that a brand’s reputation is very important
when looking for business products/services.
Source: Google B2B Customer Study, June 2012 (n=629)
24. “Today, B2B sales and lead generation
are about your brand assets,
thought leadership and emotions
built from the vast amount of information
that prospects now have access to.”
25. You create it.
Culture gives it purpose.
Marketing enables it.
Sales turns it to revenue.
30. Prospects/customers started to delay
purchasing conversations with suppliers.
Due Diligence Begins First Engagement
w/ Sales
Alignment
Purchase
57%-70%
37. "First asked what problem we were trying to solve…
didn't start with a solution.”
"Provided a good demonstration of the product.”
"Went the extra mile to understand my needs and those of my
customers. That led to excellent communication and accurate quotes.”
”Took me through examples of other companies using the
solution and sent links and examples of independent
research and reviews from companies with similar issues.”
"Follow-up, timely follow-up, letting me know they are looking
into it and getting back to us regularly."
“Helped me create the bill of materials needed for a project.
47. 91% of Tech B2B customers
make purchase-related searches
from a mobile device.
Source: Google/Compete Tech B2B Customer Study, June 2012. (n=629 Tech B2B customers)
49. Source: Google/Compete Tech B2B Customer Study, June 2012. (n=1024 Tech B2B customers)
YouTube is the World’s #2 Search Engine
Product/Service Features Customer Reviews “How To” Instructions
66% of Tech B2B customers who view a video are likely to
search for more information or visit your website.
50. 19%
81%
Does Social Media Impact How
You Make Buying Decisions?
Source: 2013 EAG Buyer’s Experience Survey; n=200
So….
• Social networks do not yet exert
much influence over how IT
buyers interact with vendors.
• IT buyers do use social media
to develop trusted peers and
sources.
• First listen
(blogs, communities, forums, Lin
kedIn groups, twitter) then
become part of the discussion by
adding value to nurturing
52. 52%
Feel that their colleagues’ opinions are very important
when looking for business products/services.
Source: Google B2B Customer Study, June 2012 (n=629)
57. 40%
22%
12%
9%
9%
6%
2%
0% 5% 10% 15% 20% 25% 30% 35% 40%
Ability to understand & solve my challenges
Industry knowledge & expertise
Ability to leverage company's resources
Technology expertise
Likability & personality
Ability to communitcate differentiators
Product knowledge
Top 3 Vendor Sales Rep Attributes in Terms of
How they Influence Buying Decision
Source: 2013 IDC Sales Enablement Overview; n=204
58. Business
Leaders
IT
Leaders
Overall
Knowledgeable about their
products/solutions 88% 88% 88%
Understands my issues and
where they can help 34% 43% 38%
Can relate to my role and
responsibilities in the company 38% 29% 34%
“When you meet with a vendor salesperson, how often are they
prepared for the meeting with you in the following ways?”
Source: Forrester Research, Inc. (n= 166 North American enterprise business and IT decision makers)
59. Prospects/customers started to delay
purchasing conversations with suppliers.
Due Diligence Begins First Engagement
w/ Sales
Be the Concierge.
Purchase
57%-70%
62. 6 Key Takeaways:
1. Buyers are in control
2. Know your why
3. Align sales/marketing
4. Understand “value” and go the extra mile
5. Stop the B.S. and execute
6. Enable sales
64. Scott Salkin
Founder & CEO
ssalkin@idstm.com
602.881.1718
@scottsalkin
@idstm
IDS is a business-to-business
(B2B) marketing and lead
generation firm whose
mission is twofold:
1. to help technology companies
and startups grow through
smart, impactful sales and
marketing, and
2. to help our local community
and economy grow through
technology and entrepreneurial
advocacy and mentorship.
Editor's Notes
New buyers operate independently. They have their own devices, blogs, communities, forums, and peer networks. They are now capable of getting much of what they need for their journey through their buying process without regard for a vendor's marketing and sales cycles.
Instead of the sales-centric orientation of the past, today's customer creation process must put the buyer front and center. Vendors must act like a concierge, providing services that guide buyers through their "buyer's journey.”Buyers desire value. Obtaining value far outweighs the influence of relationships or even cost. However, delivering value to IT buyers is an art that requires an understanding of how context changes the perception of value.
Instead of the sales-centric orientation of the past, today's customer creation process must put the buyer front and center. Vendors must act like a concierge, providing services that guide buyers through their "buyer's journey.”Buyers desire value. Obtaining value far outweighs the influence of relationships or even cost. However, delivering value to IT buyers is an art that requires an understanding of how context changes the perception of value.
Buyers desire value. Obtaining value far outweighs the influence of relationships or even cost. However, delivering value to IT buyers is an art that requires an understanding of how context changes the perception of value.Value = balance of quality, risk and cost.
Most of the leading sales methodologies in use today will help ensure that your sales teams are addressing these key issues along the buying process
Most of the leading sales methodologies in use today will help ensure that your sales teams are addressing these key issues along the buying process