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Sales Has Changed.
How The Modern Buyer Has
Changed The Sales Process
2
Sales Has Changed.
How The Modern Buyer Has Changed The Sales Process.
Sean Henri
Founder, Pepperland Marketing
@SeanHenri
3
Housekeeping
4
Agenda
1. Defining The Modern Buyer
2. New Method Of Selling To The Modern Buyer
3. Recap
4. Questions?
5
Defining The Modern Buyer
6
A Trip Down Memory Lane
PRE-INTERNET:
• Buyer: Relatively uninformed
• Buyer Journey: Linear
• Sales Playbook: Interrupt (cold calls
and outbound advertising).
TODAY:
• Buyer: Well-informed
• Buyer Journey: Fluid and random
(starts with Google)
• Sales Playbook: Being defined.
7
The Internet Has Changed Humans.
• Everyone is an expert
• Product research
• No salesperson required
8
Generic Doesn’t Cut It
9
One Size Does Not Fit All
10
11
Inbound Gets Results
54%
more leads are generated
by inbound tactics than
traditional paid marketing.
2X
as many marketers say
inbound delivers a lower
cost per lead than
outbound methods.
$20K
is the average companies
save per year by investing
more in inbound
marketing vs. outbound.
12
The Inbound Methodology
ATTRACT CONVERT CLOSE DELIGHT
Blog
Keywords
Social Publishing
Forms
Calls-to-Action
Landing Pages
CRM
Email
Workflows
Surveys
Smart Content
Social Monitoring
Strangers Visitors Leads Customers Promoters
>>> >>> >>> >>>
13
ATTRACT
Blog
Keywords
Social Publishing
Strangers Visitors
>>>
CONVERT
Visitors Leads
CLOSE
Leads Customers
>>>
Forms
Calls-to-Action
Landing Pages
>>>
CRM
Email
Workflows
DELIGHT
Surveys
Smart Content
Social Monitoring
Customers Promoters
>>>
14
{ Lead
MQL
SQL
Opportunity
Customer
{
Marketing
Sales
15
{ Lead
MQL
SQL
Opportunity
Customer
{
16
Cold Calling
17
Cold Calling Is Dead
9/10
top-level B2B
decision-makers simply do
not respond to cold
outreach.
1%
of cold calls ultimately
convert into
appointments. That’s 100
calls to get one meeting.
18
is the number of dials
you’ll have to make on
average to reach a single
buyer.
18
Email Blasts
19
Mass Email Is Ineffective
78%
of consumers have
unsubscribed from emails
because a brand was
sending too many emails.
42%
of marketers do not send
targeted email messages.
Only 4% use layered
targeting.
17.6%
The open rate for emails
with a personalized
message, compared to
11.4% without.
20
Trade Shows
21
Generic
Presentations
22
A legacy sales process is centered
around the way salespeople sell,
instead of how people buy.
23
“Today’s sales organizations must shift from trying to
control their internally driven sales cycle and truly
embrace the new customer-driven buying cycle -
otherwise, prospects will eliminate you from their
consideration list and buy from your competition.”
TIFFANI BOVA, Salesforce Global, Customer Growth and
Innovation Evangelist
24
25
New Method of Selling to the
Modern Buyer
26
• Thanks to modern technology, many
purchases can now occur without
any human interaction.
• When given the option, most buyers
prefer this.
27
The Inbound Methodology
ATTRACT CONVERT CLOSE DELIGHT
Blog
Keywords
Social Publishing
Forms
Calls-to-Action
Landing Pages
CRM
Email
Workflows
Surveys
Smart Content
Social Monitoring
Strangers Visitors Leads Customers Promoters
>>> >>> >>> >>>
28
How Can We Abandon The Old Techniques?
52
The average numbers of
calls a sales development
rep makes in a day.
18
The number of dials it
takes to connect with a
single buyer.
<1%
The percentage of
prospects who called back
after a cold-call voicemail.
29
The Inbound Sales Methodology
IDENTIFY CONNECT EXPLORE ADVISE
Strangers Leads
Qualified
Leads
Opportunities Customers
>>> >>> >>> >>>
30
Inbound Sales Methodology
• The internet’s rise in prominence has caused a shift in power from the
salesperson to the buyer.
• Inbound Sales is about transforming selling to align with today’s empowered
buyer.
31
Figure out WHO they are, WHAT
they are searching for, & HOW you
can add value.
32
Why bother?
33
Sales productivity is paramount to
enabling a company to grow.
34
• Search Engines
• LinkedIn
• Facebook
• Twitter
• Product Review Sites
• YouTube
• RSS Feeds
Product Research Is Easy
35
The Goal
36
The Inbound Sales Methodology
IDENTIFY CONNECT EXPLORE ADVISE
Strangers Leads
Qualified
Leads
Opportunities Customers
>>> >>> >>> >>>IDENTIFY > CONNECT > EXPLORE > ADVISE
37
Phase 1: Identify
Find Your Buyer:
• Visited your website
• Filled out a form
• Opened an Email
38
Phase 2: Connect
Reach Out Your Buyer:
• Blogs
• LinkedIn
• Twitter
39
Phase 2: Connect (Twitter Tip)
• Understand what interests them – hobbies, business issues/challenges, etc
• What questions are they asking (issues/challenges)?
• What questions have they answered (expertise)?
• Researching your prospect’s industry/market. Are there any trends? What are
people talking about?
• Leverage search.twitter.com
40
Phase 2: Connect (Lead Intelligence)
• What pages have they seen?
• What content have they
downloaded?
• Note any trends?
• Social Media Intelligence
• Custom Lead Score
41
Phase 3: Explore
Leverage Initial Buyer Interest:
• Exploratory conversation
• Leverage information gathered
during Identify and Connect stages
• Uncover buyer goals
42
Phase 4: Advise
Be The Trusted Advisor
• Tailors presentation
• Works with buyer to develop
purchase timeline
• Knowledge transfer to post-sales
• Checks in with buyer after sale,
continues relationship
43
Legacy Salespeople
• Unaware of which buyers are active
in the buyer's journey
• Use cold outreach; lead with generic
elevator pitch to qualify a budget
• Transition into presentation mode
when a buyer expresses interest
• Deliver the same presentation every
time and offer discounts to get
buyers to purchase on seller’s
timeline
Inbound Salespeople
• Prioritize buyers that are active in the
buyer's journey
• Build trust by participating in the
buyer’s online conversations; lead
with personalized messaging and
advice based on buyer’s interest
• Transition into exploration mode
when a buyer expresses interest
• Personalize the presentation to each
buyer and adjust the sales process to
the buyer’s timeline
44
• Listening
• Probing
• Prescribing
45
It all comes back to knowing who
they are, what they are searching,
and how you can add value.
Questions?
Thank You!

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Sales Has Changed: How The Modern Buyer Has Changed The Sales Process

  • 1. Sales Has Changed. How The Modern Buyer Has Changed The Sales Process
  • 2. 2 Sales Has Changed. How The Modern Buyer Has Changed The Sales Process. Sean Henri Founder, Pepperland Marketing @SeanHenri
  • 4. 4 Agenda 1. Defining The Modern Buyer 2. New Method Of Selling To The Modern Buyer 3. Recap 4. Questions?
  • 6. 6 A Trip Down Memory Lane PRE-INTERNET: • Buyer: Relatively uninformed • Buyer Journey: Linear • Sales Playbook: Interrupt (cold calls and outbound advertising). TODAY: • Buyer: Well-informed • Buyer Journey: Fluid and random (starts with Google) • Sales Playbook: Being defined.
  • 7. 7 The Internet Has Changed Humans. • Everyone is an expert • Product research • No salesperson required
  • 9. 9 One Size Does Not Fit All
  • 10. 10
  • 11. 11 Inbound Gets Results 54% more leads are generated by inbound tactics than traditional paid marketing. 2X as many marketers say inbound delivers a lower cost per lead than outbound methods. $20K is the average companies save per year by investing more in inbound marketing vs. outbound.
  • 12. 12 The Inbound Methodology ATTRACT CONVERT CLOSE DELIGHT Blog Keywords Social Publishing Forms Calls-to-Action Landing Pages CRM Email Workflows Surveys Smart Content Social Monitoring Strangers Visitors Leads Customers Promoters >>> >>> >>> >>>
  • 13. 13 ATTRACT Blog Keywords Social Publishing Strangers Visitors >>> CONVERT Visitors Leads CLOSE Leads Customers >>> Forms Calls-to-Action Landing Pages >>> CRM Email Workflows DELIGHT Surveys Smart Content Social Monitoring Customers Promoters >>>
  • 17. 17 Cold Calling Is Dead 9/10 top-level B2B decision-makers simply do not respond to cold outreach. 1% of cold calls ultimately convert into appointments. That’s 100 calls to get one meeting. 18 is the number of dials you’ll have to make on average to reach a single buyer.
  • 19. 19 Mass Email Is Ineffective 78% of consumers have unsubscribed from emails because a brand was sending too many emails. 42% of marketers do not send targeted email messages. Only 4% use layered targeting. 17.6% The open rate for emails with a personalized message, compared to 11.4% without.
  • 22. 22 A legacy sales process is centered around the way salespeople sell, instead of how people buy.
  • 23. 23 “Today’s sales organizations must shift from trying to control their internally driven sales cycle and truly embrace the new customer-driven buying cycle - otherwise, prospects will eliminate you from their consideration list and buy from your competition.” TIFFANI BOVA, Salesforce Global, Customer Growth and Innovation Evangelist
  • 24. 24
  • 25. 25 New Method of Selling to the Modern Buyer
  • 26. 26 • Thanks to modern technology, many purchases can now occur without any human interaction. • When given the option, most buyers prefer this.
  • 27. 27 The Inbound Methodology ATTRACT CONVERT CLOSE DELIGHT Blog Keywords Social Publishing Forms Calls-to-Action Landing Pages CRM Email Workflows Surveys Smart Content Social Monitoring Strangers Visitors Leads Customers Promoters >>> >>> >>> >>>
  • 28. 28 How Can We Abandon The Old Techniques? 52 The average numbers of calls a sales development rep makes in a day. 18 The number of dials it takes to connect with a single buyer. <1% The percentage of prospects who called back after a cold-call voicemail.
  • 29. 29 The Inbound Sales Methodology IDENTIFY CONNECT EXPLORE ADVISE Strangers Leads Qualified Leads Opportunities Customers >>> >>> >>> >>>
  • 30. 30 Inbound Sales Methodology • The internet’s rise in prominence has caused a shift in power from the salesperson to the buyer. • Inbound Sales is about transforming selling to align with today’s empowered buyer.
  • 31. 31 Figure out WHO they are, WHAT they are searching for, & HOW you can add value.
  • 33. 33 Sales productivity is paramount to enabling a company to grow.
  • 34. 34 • Search Engines • LinkedIn • Facebook • Twitter • Product Review Sites • YouTube • RSS Feeds Product Research Is Easy
  • 36. 36 The Inbound Sales Methodology IDENTIFY CONNECT EXPLORE ADVISE Strangers Leads Qualified Leads Opportunities Customers >>> >>> >>> >>>IDENTIFY > CONNECT > EXPLORE > ADVISE
  • 37. 37 Phase 1: Identify Find Your Buyer: • Visited your website • Filled out a form • Opened an Email
  • 38. 38 Phase 2: Connect Reach Out Your Buyer: • Blogs • LinkedIn • Twitter
  • 39. 39 Phase 2: Connect (Twitter Tip) • Understand what interests them – hobbies, business issues/challenges, etc • What questions are they asking (issues/challenges)? • What questions have they answered (expertise)? • Researching your prospect’s industry/market. Are there any trends? What are people talking about? • Leverage search.twitter.com
  • 40. 40 Phase 2: Connect (Lead Intelligence) • What pages have they seen? • What content have they downloaded? • Note any trends? • Social Media Intelligence • Custom Lead Score
  • 41. 41 Phase 3: Explore Leverage Initial Buyer Interest: • Exploratory conversation • Leverage information gathered during Identify and Connect stages • Uncover buyer goals
  • 42. 42 Phase 4: Advise Be The Trusted Advisor • Tailors presentation • Works with buyer to develop purchase timeline • Knowledge transfer to post-sales • Checks in with buyer after sale, continues relationship
  • 43. 43 Legacy Salespeople • Unaware of which buyers are active in the buyer's journey • Use cold outreach; lead with generic elevator pitch to qualify a budget • Transition into presentation mode when a buyer expresses interest • Deliver the same presentation every time and offer discounts to get buyers to purchase on seller’s timeline Inbound Salespeople • Prioritize buyers that are active in the buyer's journey • Build trust by participating in the buyer’s online conversations; lead with personalized messaging and advice based on buyer’s interest • Transition into exploration mode when a buyer expresses interest • Personalize the presentation to each buyer and adjust the sales process to the buyer’s timeline
  • 45. 45 It all comes back to knowing who they are, what they are searching, and how you can add value.