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What are the challenges that B2B sales teams face in a fully remote/virtual sales cycle?
Gavin Finn: There are three kinds of challenges:
So, they have less time with customers, and when they are in meetings with customers they are more distracted (they remember less) and the tools they’re using to make presentations are less effective.
In what ways can tech enable a better human connection with a prospect during a virtual sales process?
Gavin Finn:
Digital technologies can have the effect of equalizing the interpersonal dynamic, allowing for a much more empathetic (and therefore more effective) connection between the people in the meeting.
What are the possibilities of interactive tech in the sales cycle?
GF: Interactive technologies serve three primary purposes in the sales cycle:
Interactive technologies should be seamlessly used in all three sales environments:
- Online – during guided sales meetings or when the customer is researching/exploring by themselves;
- In-person - during meetings where participants are physically in the same room/space;
- Hybrid – when some meeting participants are remote/virtual, and others are in the same physical space.
How can it be maximized?
GF: Interactive solutions are maximized when they are value-driven, personalized, non-linear experiences.
Value-driven experiences start by explaining the differentiated value of the company’s solutions and then allow the user to navigate to more detail how and when they feel it is appropriate. In this manner, prospects are not exposed to feature/function details from the outset, and when they do get to the technical details, they better understand why those features matter.
Can you speak to any metrics that sales teams should use to track the effectiveness of interactive tools in a sales process?
GF: Sales teams are driven by key measures of effectiveness and efficiency:
Effectiveness: How well do the solutions work?
Efficiency: How do the solutions improve the velocity of the sales cycle?
- How many meetings/discussions/written responses are required for opportunities where customers engage with interactive applications, compared with traditional processes?
- Do the use of these solutions result in shorter sales cycles?
- Are customers able to use these interactive solutions themselves, to make more informed (or even unassisted) purchases?
Experience in deploying these solutions over several years, and through the course of the digital-only phases of the COVID-19 pandemic, have yielded the following key results:
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