Today, the sales role has more in common with a fighter pilot's job than anything else. It is defined by periods of patient waiting punctuated by moments of unimaginable excitement. The secret is to keep a constant flow of fresh leads without losing track of any of your current prospects and customers.
Your Prospects Want a Quick Follow-up
A technology research firm known as KnowledgeStorm recently produced a report in which they revealed that a prospect's receptivity to salespeople declines drastically as time passes. Their data shows that 88% of prospects were happy to hear from salespeople when their Internet inquiry was responded to the same day. That means that salespeople who want positive reactions from prospects should respond to all inquiries the same day they receive them.
Despite a quick response, you should still expect a decision slow down.
While doing research for Cahners, Susan Mulcahy discovered that the typical B2B sale exceeding $35,000 now requires 5.12 sales calls to finalize, up 20% since 1989. Additional research in 2005 showed that there are 3.5 more people involved in a B2B buying decision than there were in 2001. Knowing that the average sales cycle for a high-dollar B2B sale lasts between 6 and 36 months, salespeople must be sure to be very responsive while at the same time very, very patient.
In other words, you must reply to prospects as quickly as possible, but they will not necessarily respond in kind. These forces have continued to push the need for a transition from a traditional selling mentality to a consultative one.
How to Shift from Traditional to Consultative Selling
21st Century Selling requires a unique mixture of skills. On one hand, a salesperson must exhibit a relative sense of urgency while, on the other hand, display a certain degree of patience. Immediate follow-up and a need to addressing your prospect's specific needs should be combined with a willingness to move at a speed your prospect is comfortable with.
The most blatant example of a traditional selling mentality belongs to the much clichéd "used-car (now called pre-owned) salesman." However, less extreme examples of the negative traits of traditional selling are exhibited in other ways, as well.
Salespeople who engage in excessive small talk, demean their competition or simply "pitch" their offering with scores of features-per-minute all exhibit traditional traits that will drive today's highly-demanding prospects away.
The traditional sales role should be eliminated. Today's sales professionals must become trusted advisors filling a consultant's role regardless of their product or service. They can no longer "pitch" their product. Instead, they must: - Ask questions
- Listen to answers
- Provide sound recommendations and advice.
Sometimes that may even mean facing the difficult reality that their solution isn't the right one for every person who is in front of them. They may also have to determine whether the prospect is the right one, long-term, for their organization.
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