..and how to close it?
Today's B2B buyer's expect salespeople to be able to add value and insight. However only 20% of reps meet and exceed those expectations. Results are e.g. lost sales, increased costs, missed opportunities, upset customers and damaged reputation. Low performing sales is a big and costly problem for any business. Buyer-Seller gap is born when buyer's needs and seller's capabilities don't match.
Low performing sales is a big and costly problem for any business. Typically B2B sales rep’s week includes just 14 hours of selling and interacting with prospects and customers, and up-to 26 hours of administrative work. Administrative work includes tasks such as finding the right content and creating sales pitch for the next meeting. According to studies, salespeople spend hundreds of hours per year searching and gathering sales content. That’s all away from actual selling and off from the bottom line.
B2B-selling has changed fundamentally over the last decade. Main reasons for that are following: complexity of B2B solutions has increased, competition is more fierce, global, often from new emerged markets. On top of that, buyers have almost infinite information resources available. All these have changed B2B buying processes and made buyers more demanding than ever.
You’ve probably heard that up-to 57% of the buyer’s journey is complete before a sales person is contacted. The majority of the information that buyer previously got from the salesperson, is now from web, industry events, peers and influencers. At the same time competition has become tougher and often global. No wonder that it’s easy for buyers to get lost into a chaos.
only 20% of reps meet buyer’s expectations
So, although buyers do a lot on their own, over 90% are still willing to meet and interact with salespeople. Especially when they’re looking to buy something more complex or are still unsure what would be the best solution for them. Buyers expect value-adding insight from salespeople they’re willing to meet. However only 20% of reps meet those expectations and staggering 70% of buyers say that sellers don’t understand their business. So when you, the salesperson, have a chance to engage a conversation with a prospect, make every interaction count and guide your prospect through the chaos.
How could salespeople be better prepared to meet and exceed buyer’s excpectations? This is where a good, visual sales presentation comes into picture. Power of visual communication is strong. We retain 80% of the information what see, compared to just 20% of what we read and just 10% of what we hear! And according to Gartner, relevant information and content makes buying easier and increases purchase probability by 2.8X. So make sure your salespeople have everything they need ready at their fingertips, and ready to be presented and shared with a buyer, anytime and anywhere.
Relevant information and content increases purchase probability by 2.8X
Sales reps rarely get to meet all decision makers. According to Harward Business Review, on average there are 6.8 people involved in making a purchase decision. Therefore sales needs lots of different types of content what they share throughout the whole buying journey. Content helps to add value at every interaction point, but also supports prospect’s own internal sales process, influencing all decision makers.
Put simply, term sales enablement means providing salespeople content and tools to engage buyers more effectively throughout the entire buying process. Many businesses have already recognized this need. Today, sales enablement has become one of the top development priorities of sales organizations all around the world.
Showell is a powerful sales platform that holds all sales collateral in one, central location and helps salespeople to find, present and share the right content at the right time to influence all key decision makers throughout the entire buying journey.
Showell helps to find, present and share the right content at the right time
With Showell, salespeople can prepare a customized presentation for the next meeting in minutes. That saves a lot of valuable time. Adding internal sales training content to Showell, creates even more advantages. Having all internal sales training content in one place reduces ramp-up time of new sales reps and enhances everyone’s selling capabilities. Showell scales sales excellence.
Let’s close the gap together.
Showell is a genuine turnkey sales enablement & content management solution. It takes your sales and marketing productivity, training and buyer experience into a new level. Start a free Showell trial now and get up and running in minutes!