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How Sales Teams Can
Win More Deals
© Primary Intelligence, Inc. 2015
Connie Schlosberg
Digital Marketing Specialist
Primary Intelligence
Housekeeping
• This session will be available on our website
• All phone lines are muted
• Please ask questions using the Chat function
• #BuyerNeeds
Carolyn Galvin
Director of Industry Insights
Primary Intelligence
John Holland
Coauthor and Cofounder
CustomerCentric Selling®
Today’s Speakers
Today’s Agenda
• Background
• Importance of Understanding Buyer
Needs
• Deep dives
1. Organization Size
2. Decision Date
3. Cultural Differences
• Q&A
Ken Allred
Primary Intelligence
CEO & Founder
We analyze more than 3,000 deals and customer engagements annually
We evaluate more than $20 billion worth of purchase decisions annually
We manage 568 win loss and customer experience programs
We support more than 6,000 sales, marketing, product, CI & CX leaders globally
We work with 6 of the Fortune 20
Primary Intelligence
• Founded in 2002
• Worldwide network of Business Partners
• CCS® and Rethinking The Sales Cycle books published by M-H
• Training Industry's list of Top Sales Training Companies every year since 2009
• Nearly 1,000 clients
• Sales ready messaging® helps sellers have better conversations with executives
about business issues
• A focus on product usage to empower buyers
• Goal: Identify and share best practices to drive higher revenue and improve sales
forecast accuracy
CustomerCentric Selling®
Importance of
Understanding
Buyer Needs
Understanding Buyer Needs is #1
5%
12%
5%
3%
9%
15%
5%
13%
35%
0% 5% 10% 15% 20% 25% 30% 35% 40%
CONCERN RESOLUTION
PRESENTATION & DEMONSTRATION
PROFESSIONALISM
FACILITATING EASE OF PURCHASE
KNOWLEDGE OF YOUR INDUSTRY
PRODUCT KNOWLEDGE
RELATIONSHIP WITH SALES
RESPONSIVENESS
UNDERSTANDING YOUR BUSINESS NEEDS
Deep Dives
Organization Size
Research Findings
4%
7% 8% 8%
11% 11%
7%7%
13%
20%
15% 17%
20%
29%
89%
80%
72%
77%
72%
69%
64%
0%
10%
20%
30%
40%
50%
60%
70%
80%
90%
100%
1-50 51-500 501-1K 1K-5K 5K-10K 10K-100K 100K+
Understanding needs (0-6 Rating) Understanding needs (7-8 Rating)
Understanding needs (9-10 Rating) n = 6,314
“Excellent” ratings
decrease as
organization size
increases
“Average” ratings
increase as
organization size
increases
Strategies for Selling into Different
Organization Sizes
• 8.5% of sellers are “world class”
• 13% of sellers generate 87% of revenues
• “A Players” are easier for small companies to attract
• As companies grow, under more pressure to codify way they sell
• When selling to large organizations, buying committees likely bigger
• People within committees have different agendas, posing challenges to
sellers (more difficult for sellers to be relevant to different stakeholders)
• Small percentage of sellers can provide enterprise-wide views of the value
(costs vs. benefit) of their offerings
Decision Date
Research Findings
17%
20% 19% 18% 19% 19% 20% 21%
48%
40%
37% 36% 35%
38% 38% 37%
35%
40%
44%
46% 45% 44%
42% 42%
0%
10%
20%
30%
40%
50%
60%
2008 2009 2010 2011 2012 2013 2014 2015
Understanding needs (0-6 Rating) Understanding needs (7-8 Rating)
Understanding needs (9-10 Rating) n = 10,584
“Excellent” and
“average” ratings
have reversed
over time
Strategies for Selling to Buyers Over the
Long Term
• Most sellers execute sales cycles starting with lower levels
• Mid- to low-level buyers’ use Internet, social networking have increased that trend
o Knowledgeable buyers find sellers to be less helpful/competent
o 70% of buying activities are complete before sellers are involved
o “Parallel vs. serial” evaluations of offerings
• Ever-increasing reliance upon reactive “leads”
• Proactive contact of key player levels allows:
• Targeting the right profile companies
• Earlier qualification and disqualification
• Top down rather than bottom up selling
Cultural Differences
Research Findings
Sales teams in
North and Latin
America had the
highest
percentages of
“excellent” ratings
19%
23%
50%
22%
37%
48%
34%
36%
44%
29%
16%
42%
0%
10%
20%
30%
40%
50%
60%
North America EMEA APAC LatAm
Understanding needs (0-6 Rating) Understanding needs (7-8 Rating) Understanding needs (9-10 Rating)
n = 10,584
Strategies for Selling to Buyers in
Different Cultures
• “Results” are the international language of business
• Many non-US cultures are hierarchical, making access to higher-level
officials difficult
• Leverage vendor executives to get access to higher levels and do provocative
selling regarding business variables that can be improved
• Rapport-building is different
• Pace is often slower than in United States/North America
• Continue to focus on need development, a universal strategy once
business goals/problems are shared
Conclusions & Recommendations
• Recognize significance of “understanding
buyer needs”
• Strategize when selling to large organizations
• Target key players in all new and renewing
sales opportunities
• Fully understand the culture of firms you’re
selling to
Questions?
MORE INFORMATION
• Understanding Buyer Needs Report
http://bit.ly/1QJMUiQ
• Understanding Buyer Needs Infographic
http://bit.ly/1Wj1iT0
• Understanding Buyer Needs Video
http://bit.ly/1L6yLhJ
• Industry Insights at Primary Intelligence
http://bit.ly/1QG2uLB
• Primary Intelligence
http://www.primary-intel.com/
• CustomerCentric Selling® Blog
http://blog.customercentric.com/blog
• CustomerCentric Selling® Workshops
http://www.customercentric.com/workshops
• CustomerCentric Selling® Coaching
http://www.customercentric.com/coaching
• CustomerCentric Selling® Books
http://www.customercentric.com/thought-
leadership
• CustomerCentric Selling®
http://www.customercentric.com
Connect with us!
linkedin.com/company
/primary-intelligence
@PrimaryIntel primary-intel.com/blog
linkedin.com/company
/customercentric-
selling
@Official_CCS blog.customercentric.com/blog
Thank you!

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How Sales Teams Can Win More Deals

  • 1. How Sales Teams Can Win More Deals © Primary Intelligence, Inc. 2015
  • 2. Connie Schlosberg Digital Marketing Specialist Primary Intelligence
  • 3. Housekeeping • This session will be available on our website • All phone lines are muted • Please ask questions using the Chat function • #BuyerNeeds
  • 4. Carolyn Galvin Director of Industry Insights Primary Intelligence John Holland Coauthor and Cofounder CustomerCentric Selling® Today’s Speakers
  • 5. Today’s Agenda • Background • Importance of Understanding Buyer Needs • Deep dives 1. Organization Size 2. Decision Date 3. Cultural Differences • Q&A
  • 7. We analyze more than 3,000 deals and customer engagements annually We evaluate more than $20 billion worth of purchase decisions annually We manage 568 win loss and customer experience programs We support more than 6,000 sales, marketing, product, CI & CX leaders globally We work with 6 of the Fortune 20 Primary Intelligence
  • 8. • Founded in 2002 • Worldwide network of Business Partners • CCS® and Rethinking The Sales Cycle books published by M-H • Training Industry's list of Top Sales Training Companies every year since 2009 • Nearly 1,000 clients • Sales ready messaging® helps sellers have better conversations with executives about business issues • A focus on product usage to empower buyers • Goal: Identify and share best practices to drive higher revenue and improve sales forecast accuracy CustomerCentric Selling®
  • 10. Understanding Buyer Needs is #1 5% 12% 5% 3% 9% 15% 5% 13% 35% 0% 5% 10% 15% 20% 25% 30% 35% 40% CONCERN RESOLUTION PRESENTATION & DEMONSTRATION PROFESSIONALISM FACILITATING EASE OF PURCHASE KNOWLEDGE OF YOUR INDUSTRY PRODUCT KNOWLEDGE RELATIONSHIP WITH SALES RESPONSIVENESS UNDERSTANDING YOUR BUSINESS NEEDS
  • 13. Research Findings 4% 7% 8% 8% 11% 11% 7%7% 13% 20% 15% 17% 20% 29% 89% 80% 72% 77% 72% 69% 64% 0% 10% 20% 30% 40% 50% 60% 70% 80% 90% 100% 1-50 51-500 501-1K 1K-5K 5K-10K 10K-100K 100K+ Understanding needs (0-6 Rating) Understanding needs (7-8 Rating) Understanding needs (9-10 Rating) n = 6,314 “Excellent” ratings decrease as organization size increases “Average” ratings increase as organization size increases
  • 14. Strategies for Selling into Different Organization Sizes • 8.5% of sellers are “world class” • 13% of sellers generate 87% of revenues • “A Players” are easier for small companies to attract • As companies grow, under more pressure to codify way they sell • When selling to large organizations, buying committees likely bigger • People within committees have different agendas, posing challenges to sellers (more difficult for sellers to be relevant to different stakeholders) • Small percentage of sellers can provide enterprise-wide views of the value (costs vs. benefit) of their offerings
  • 16. Research Findings 17% 20% 19% 18% 19% 19% 20% 21% 48% 40% 37% 36% 35% 38% 38% 37% 35% 40% 44% 46% 45% 44% 42% 42% 0% 10% 20% 30% 40% 50% 60% 2008 2009 2010 2011 2012 2013 2014 2015 Understanding needs (0-6 Rating) Understanding needs (7-8 Rating) Understanding needs (9-10 Rating) n = 10,584 “Excellent” and “average” ratings have reversed over time
  • 17. Strategies for Selling to Buyers Over the Long Term • Most sellers execute sales cycles starting with lower levels • Mid- to low-level buyers’ use Internet, social networking have increased that trend o Knowledgeable buyers find sellers to be less helpful/competent o 70% of buying activities are complete before sellers are involved o “Parallel vs. serial” evaluations of offerings • Ever-increasing reliance upon reactive “leads” • Proactive contact of key player levels allows: • Targeting the right profile companies • Earlier qualification and disqualification • Top down rather than bottom up selling
  • 19. Research Findings Sales teams in North and Latin America had the highest percentages of “excellent” ratings 19% 23% 50% 22% 37% 48% 34% 36% 44% 29% 16% 42% 0% 10% 20% 30% 40% 50% 60% North America EMEA APAC LatAm Understanding needs (0-6 Rating) Understanding needs (7-8 Rating) Understanding needs (9-10 Rating) n = 10,584
  • 20. Strategies for Selling to Buyers in Different Cultures • “Results” are the international language of business • Many non-US cultures are hierarchical, making access to higher-level officials difficult • Leverage vendor executives to get access to higher levels and do provocative selling regarding business variables that can be improved • Rapport-building is different • Pace is often slower than in United States/North America • Continue to focus on need development, a universal strategy once business goals/problems are shared
  • 21. Conclusions & Recommendations • Recognize significance of “understanding buyer needs” • Strategize when selling to large organizations • Target key players in all new and renewing sales opportunities • Fully understand the culture of firms you’re selling to
  • 23. MORE INFORMATION • Understanding Buyer Needs Report http://bit.ly/1QJMUiQ • Understanding Buyer Needs Infographic http://bit.ly/1Wj1iT0 • Understanding Buyer Needs Video http://bit.ly/1L6yLhJ • Industry Insights at Primary Intelligence http://bit.ly/1QG2uLB • Primary Intelligence http://www.primary-intel.com/ • CustomerCentric Selling® Blog http://blog.customercentric.com/blog • CustomerCentric Selling® Workshops http://www.customercentric.com/workshops • CustomerCentric Selling® Coaching http://www.customercentric.com/coaching • CustomerCentric Selling® Books http://www.customercentric.com/thought- leadership • CustomerCentric Selling® http://www.customercentric.com
  • 24. Connect with us! linkedin.com/company /primary-intelligence @PrimaryIntel primary-intel.com/blog linkedin.com/company /customercentric- selling @Official_CCS blog.customercentric.com/blog