top of page
Search

Key Points from Buyers - Highlights from a Recent Survey



Sales executives must consciously cultivate the culture within their organization. While strategies may define the path and objectives, the culture is the driving force that enables the company to progress, surmount obstacles, and attain lasting success. In your cultural transformation, consider the four layers of the culture pyramid: experiences, beliefs, actions, and outcomes. Some key highlights and notes on my take from a recent B2B Gartner Survey revealed at their recent Chief Sales Officer conference.


Data Point: 75% of Buyers Surveyed Prefer a Rep Free Experience. This is the fundamental challenge facing all sellers in every industry. Buyers want to scratch their own itch. Digital access to information creates a false sense of confidence in a self-service sales process. However, a rep-free experience also creates the highest purchase regret. Takeaway: While buyers may prefer a representative-free experience initially, there is ultimately greater value and higher levels of satisfaction when engaging with sales professionals who can provide valuable insights, guidance, and personalized recommendations. B2B sales reps should position themselves as trusted advisors, offering expertise and tailored solutions that address buyers’ specific challenges. Data Point: 30% Lift in High-Quality Deals when sellers are involved. When sellers are involved with the sales process, buyers feel more confident in their purchase decision. This creates a paradox between modern buyers and today’s sellers, buyers prefer a self-service path to purchase, yet feel more confident when sellers are involved. This data affirms salespeople continue to drive value when they interact with customers. The challenge today for sellers, is twofold. First gaining access to the buyer during their purchase process. Second, rapidly positioning oneself as a credible expert, thereby garnering a trusted advisor role. Takeaway: The more complex the purchase decision, the more value sellers bring to the buying process. In the past, a buyer would contact multiple companies. Today, they use digital channels to self-service their research and create a very short list of potential providers. Client interactions are exponentially more valuable because buyers are deeper into the buying process at the initial contact with the seller. This is a critical point that many sellers underestimate, which leads to missed opportunities, no decisions, and lost deals. To use a track analogy—when the seller begins the race, they might not realize it’s a relay, and they are not the first leg. The buying team has been running and doing research. They will only hand off the baton when they are ready. This creates a sophisticated buyer who requires an equally sophisticated seller. Data Point: 75% of sales leaders believe their workflow technology is easy for their sellers to use. Only 48% of sellers view their sales tech stack as optimized for their needs. This is a common misalignment between sales leadership and their sales team. Takeaway: Implementing sales technology solutions can be a challenging endeavor, regardless of whether your team opts for an all-in-one bundled solution or utilizes multiple tools in your sales tech stack. When it comes to technology in sales, I share a similar viewpoint with retired Army General and former National Security Advisor, H.R. McMaster, regarding technology in the military. McMaster acknowledges the significance of technology but cautions against treating it as a cure-all solution. Over-reliance on technology can have negative consequences. Similarly, in sales, while technology can bring numerous benefits, relying too heavily on it without considering other crucial factors can be detrimental to the sales process and outcomes. The sales tech stack should support well-developed sales processes, and not be viewed as a process in itself. In Conclusion In the recent past, digital transformation dominated headlines, especially during the height of the Covid pandemic and the era of remote work. The hype surrounding the disruption of selling through digital transformation has now subsided, giving way to a more pragmatic perspective. There was a period when companies mistakenly believed they could quickly, inexpensively, and efficiently sell complex solutions solely through advanced technologies. It seemed as if the sales leadership community had become so infatuated with the capabilities of technology that it became confused with sales strategy, leading to an overburden on sales reps. I’m glad to see the pendulum swing back the other way. The primary lesson learned from this conference is that the human condition fundamentally drives the buying and selling process. Emotions, fears, desires, and self-interests are crucial in shaping sales interactions. This conference emphasized the importance for sales leaders to uphold the timeless human nature of selling. In summary, the Gartner CSO and Sales Leader Conference shed light on the undeniable truth that successful sales ultimately hinge upon the human aspect. Technology must be harnessed wisely to complement and enhance the innate qualities that drive human-to-human interactions in the world of sales. By embracing this vital perspective, sales professionals can navigate the complexities of the modern marketplace with greater clarity and effectiveness.

6 views0 comments

Recent Posts

See All

Comments


bottom of page