Spread the Word
Help Partners Curve Opportunities into Deals
Are you a diehard sports fan? Do you bleed your city’s team colors or college alma mater to the point of near obsession?
Do loved ones, friends and family members display moments of concern due to your continual absence on Sunday afternoons (and Monday nights)?
If so, you’re probably all too familiar with that dreadful, sinking feeling of heartbreak when your team loses.
That’s the narrative of most true sports fans—you lose more than you win.
Take it from a true San Diego sports enthusiast: I usually lose. But when that rare occasion of victory occurs, I celebrate like a child on Christmas morning skipping in my pajamas, unwrapping gifts, high on syrup and pancakes, playing in the snow (I know, pathetic).
Now, take this long-winded anecdote and use it to metaphorically allude to the feelings of a b2b sales person. An individual never fully immune to rejection, knowing the likelihood of converting sales leads into deals is even less than my beloved Chargers winning the Super Bowl.
But during the sporadic moments of triumphant conversion, everything wrong in the world drifts away. The beautiful chords of Hallelujah repeat in your mind, as you passively play off your euphoria to fellow co-workers with a “Yeah, this is something I’m used to” look on your face.
At the end of the day, there is no tried-and-true formula for b2b deal closing. There are, however, strategies and tactics you can deploy to help channel partners increase sales.
Accept that fact you’re going to lose more than you win.
No one likes a hard sell. Intrusive and harassing behavior is a sure fire way to develop the reputation of “someone to avoid”; this is especially true in the b2b industry, where rumors spread like wildfire.
Qualify the Lead
As a salesperson, gathering insight, understanding the profile of the end customer, and researching prospects who will benefit from the use of your product is imperative. Pinpoint your target through comprehensive research; using LinkedIn, Yelp, blogs comments, business cards, and any other resource at your disposal, is essential to increasing your odds of conversion.
Making First Contact
The single most important element to deal closing success (or failure) relies on your initial attempt of contact—regardless of direct or indirect communication. Know their name, their position, their accomplishments; their company, their goals and equate to how you can accommodate their needs and eradicate their pain points.
In the b2b realm, there are typically five different types of identities you will run into—so it’s crucial to position your sales approach accordingly. The better you understand the psychological mindset behind your lead, the better chance you have at connecting with them on a personal level—and thus—converting opportunities into deals.
- The ‘Holy One’ – This person is confident, bold and displays elements of narcissistic behavior. He or she believes their statements to be always true and wants to feel important. The chances of persuading this individual to rely on your ability to connect your product to satisfy their needs—and only theirs.
- The Professor – This person is knowledgeable in all facets of the industry. They are difficult to approach and immediately reluctant to listen. They expect you to have a high level of intellect and expertise in their industry.
- The Saint – Cares for the industry and wants to be a catalyst of positive change. They are empathic and approachable—but in order to maintain their interest—you must display the “how” your product solves a larger scale problem.
- The Conspiracy Theorist – Cynical and stubborn, this individual automatically assumes your intentions to be exploitive and unethical. Relies on numerical data and tangible evidence in order to be persuaded.
- Christopher Columbus – This person is naturally driven to encounter new opportunities. Motivated by the idea of “Being the first” to learn about a cool new product. Show off your creative side to gain (and retain) their attention.
Boost Channel Activity with Partners Via CMR’s Deal Registration Module
We remove the hassle affiliated with the traditional deal registration process thru intuitive software
- Automated deal registration-to-closure process
- Reporting tools for analytics into your registered deals
- Simple approval or denial process
- Inventory balances are automatically itemized
- Available on mobile devices