Identifying Buyers Looking for Sellers

Identifying Buyers Looking for Sellers

Identifying Buyers Looking for Sellers

Sales professionals do an excellent job of finding the right companies and personas to buy their software or services.

But how do we as sellers identify the buyers who are looking for sellers?

Sales people need to be engaged with prospective clients through social media (LinkedIn, Sales Community, Instagram, Facebook, etc.) to maximize their productivity and to reach clients.


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Randy's Tips to Sell More ?? Excerpts from Your Go-To Sales Advisor

Identifying Buyers Looking for Sellers

By Jim Ball

What the Idea Is: Today’s market is increasingly becoming “buyers looking for sellers,” and if companies and individuals don’t adjust their approach, they will miss out on many opportunities to compete for and win business. We are a small- to medium-size company, and roughly 80 percent of our sales opportunities come from clients looking for solutions who are finding us. Clients now want to purchase complex enterprise solutions in a similar manner to how they purchase consumer goods—by initially evaluating the technology and business proposition without the face-to-face interaction that many good sales professionals have become accustomed to over the years. Once identified and “screened” by the client, we typically see clients wanting to have WebEx presentations and product demonstrations delivered electronically.

You meet this challenge by developing your company/product website to be user friendly. It should have an easily accessible means of bidirectional communications (chat link, email contacts for questions, etc.) so clients can reach you to ask questions to further qualify the technical and business value of your company/solution.

Why It Is Valuable: This approach allows you to identify clients who are unseen, waiting to be discovered. Again, we see about 80 percent of our sales opportunities derived from buyers looking for sellers, including the very largest government agencies, commercial entities (healthcare, financial, technology, service providers, etc.), and national and international entities.

These methods have made us much more efficient and offer us the opportunity to appeal to a much wider audience (geographically) and have greater attendance from clients at our meetings. It has also improved our time to closure for opportunities. We close multimillion dollar deals without ever physically seeing the clients.

Company websites are just one method of electronic communications. Salespeople have to be engaged with prospective clients through social media (LinkedIn, Sales Community, Instagram, Facebook, etc.) to maximize their productivity and to reach clients.

How It Works: You must keep your website tuned with the latest information regarding your company, products, and sales contacts. There must be a method to measure the effectiveness of the site. You can usually do this by using tools like Google Analytics to determine if the site is gaining viewership or by looking at the trends for the number of qualified leads coming through initial contact from the website. If your leads are not growing, you need to tweak your site visually or with new, updated content that attracts the key words buyers are using to find sellers.

It cannot be overstated how critical the use of our website to locate buyers is for the success of our company. We have literally received $10,000,000 + size opportunities from qualified buyers who find us; our direct sales efforts pale in comparison. Our sales people become much more important after we turn over a lead.?


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