About this Author
Skip Miller, the founder and president of M3 Learning, a sales and sales management training firm based in Silicon Valley, has authored his seventh book, titled Outbounding. He is a renowned figure in the field, bringing extensive expertise to the table.
2020
Business & Money
Marketing and Sales
11:21 Min
Conclusion
7 Key Points
Conclusion
In the era of B2B sales, adopting outbound strategies and understanding buyer dynamics are crucial. Prioritizing customer needs, mastering effective outreach methods, and aligning with the essence of outbound sales are key to sustainable growth.
Abstract
Sales expert William (Skip) Miller trains B2B sales professionals on securing sales by emphasizing the importance of a strategic outbounding approach. Highlighting prospects' needs over product features, Miller advises crafting compelling messages across various communication channels. Meanwhile, the declining efficacy of inbound strategies has led to an increased focus on proactive outbounding efforts, despite challenges like inadequate training and understanding of buyer dynamics. Successful outbound sales entail efficient prospecting, effective communication strategies, and targeted engagement with key buyers. Overall, belief in their offerings and client empathy remains pivotal for B2B sales success.
Key Points
Summary
Outbound outreach is more effective than inbound marketing for sales.
In 2005, Brian Halligan, the CEO and co-founder of HubSpot, introduced a revolutionary approach called inbounding. It's a sales strategy that leverages content marketing, social media marketing, search engine optimization, and branding to draw in consumers and generate inbound leads for sales teams to pursue. This follow-up phase typically accounts for 40% to 100% of lead development activities in the average B2B company. However, lately, the influx of inbound leads has been decreasing.
Outbounding, the hunt for potential leads and proactive lead generation, holds immense promise. Yet, it often hits challenges in many B2B companies. Here's why:
In inbound sales, buyers already know what they want and reach out to vendors who can provide it. On the other hand, in outbound sales, buyers might not realize they have a need yet. Outbound salespeople have to kickstart a process to introduce buyers to something they may not be aware of, but could benefit from greatly.
B2B sales explain the change and offer solutions.
B2B salespeople need to dig deep to uncover what changes their prospects need to make to solve their problems. Here's how to tailor your questions to each prospect:
B2B salespeople need customer understanding.
Stay curious and assist prospects in identifying beneficial changes for their company. Improve your listening skills, effectively convey your message, and enhance your sales techniques. Keep learning and perfecting your craft. Have confidence in yourself and your product to communicate persuasively.
Salespeople must serve ATL and BTL buyers.
The key rules of B2B sales:
In B2B sales, there are two main types of buyers: the ATL buyer, usually a senior executive, and the BTL buyer, typically a manager or primary user of the service. Sometimes, in smaller companies, these roles might be filled by the same person. However, even if it's the same person, they'll still have different perspectives and priorities for decision-making.
The main buyer can finance a purchase and wants it to save or earn money. In a bigger company, this main buyer sets a budget for another buyer. The other buyer needs the purchase to be effective and significantly better than what they currently have.
Buyer Dynamics in Business-to-Business Sales
ATL buyers typically identify the need for change based on their understanding of a problem's extent. On the other hand, BTL buyers establish purchase criteria by outlining the requirements for new equipment or services. ATL buyers, driven by urgent problems, recognize the necessity of change but aim to minimize costs and risks. When ATL buyers delay decisions or delegate details to BTL buyers, the process often slows down as BTL buyers take time to recommend specific purchases.
Under-the-line buyers are under immense pressure to find the best option for their company, often taking extensive time to explore all alternatives. Welcome these buyers as they are motivated to purchase what you offer. To excel in outbound sales, understand the concerns of both ATL and BTL buyers. Focus your conversations on their needs, not yours, for successful engagement. Keep the dialogue clear, concise, and centered on their priorities.
B2B salespeople often overlook the importance of presenting a comprehensive value proposition to both ATL and BTL buyers. They focus solely on BTL considerations, ignoring the potential benefits of addressing ATL needs. By recognizing and incorporating both perspectives, salespeople can offer solutions that are not only cost-effective but also time-saving and risk-reducing, catering to the diverse needs of their customers.
Focus B2B sales on prospects' change needs.
A successful sales call uncovers why a potential customer wants or needs a change. Your goal is to make your outreach prospects eager to discuss that change. Here's what motivates prospects to engage:
For effective sales calls, start with the end, then the intro, and finish with the middle.
Sales calls consist of three stages: introduction, middle, and end.
Successful salespeople prioritize an end-intro-middle sequence, emphasizing that success in sales is determined by the outcome rather than the starting point. Focusing on the conclusion is key to closing a sale effectively.
As a B2B salesperson, focus on setting goals that prioritize the end of the sales process rather than the beginning to drive actionable results and enhance learning.
Manage outbound time effectively.
Prioritize your time based on the potential business prospects you can bring in the next 90 to 120 days. Focus on maintaining relationships with your core customers who have a history of spending with you and show potential for future lucrative business. Additionally, allocate more prospecting time to highly promising prospects.
Schedule "PowerHour" for outbound tasks.
Make a PowerHour part of your daily routine for better time management. Dedicate one hour each day, totaling five hours a week, to outbound tasks. Stick to your PowerHour schedule and never skip outbound activities. After completing your weekly five-hour commitment, reward yourself with a treat or fun activity.
You might consider scheduling two PowerHours each day for outbound tasks. Alternatively, your business may require the majority of your day to be spent on prospecting and other outbound activities. If this is the case, organize your outbound activities into 15-minute segments to avoid burnout.
B2B sales is a numbers game.
In B2B sales, salespeople need to do a lot of different tasks to be successful, like making phone calls and meeting with potential clients. Studies show that a typical salesperson should aim to make around 33 calls every day and have a total of 2,000 calls, 200 successful conversations, and 30 meetings in a few months. Using the phone is seen as a really important way to start talking to new clients, with 45% of salespeople saying it's their best tool. It's a good idea to practice leaving messages on voicemail before you start calling potential clients. This helps you sound confident and professional when you're making those calls.
Follow this effective five-step phone calling strategy:
Use the "ASTRO" method for starting your telephone conversation:
Effective Cold Calling Strategies:
For successful cold calls, it's crucial to ask plenty of questions both at the beginning and end of the conversation. Questions prompt people to think, so always conclude with one. The primary objective is to assist the prospect in reaching a specific goal. Anticipate objections, and when addressing them, begin by attentively listening. Repeat the objection in your own words and inquire about relevant details. Respond calmly and thoughtfully, refraining from emotional reactions. Instead, acknowledge the prospect's concerns, whatever they may be.
Reach out to a company's top ATL buyers via email or social media before engaging with BTL buyers. Keep emails brief, aiming for 120 words or less to ensure a 35% open rate. For social media, aim for content that can be easily viewed with a single cellphone swipe. Occasionally, consider having communications with ATL buyers come from higher-ups in your company, such as supervisors or even the CEO.
B2B sales reps must believe in their offerings.
Successful B2B salespeople trust themselves, their company, and their products. They firmly believe they can bring valuable change to their customers' operations. Understanding customers and seeing things from their viewpoint is crucial. Effective sales hinge on this perspective shift. It's about believing in your offering and empathizing with your clients.
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