Selling into Traditional Industries: Challenges, Tips, and Building Credibility
Navigating the traditional industry landscape with new tech solutions demands an understanding of unique challenges and a commitment to building trust. At a recent BC Tech ScaleUp Academy Webinar session, experts shared valuable insights on understanding the unique needs of these industries, top strategies for selling effectively, and ways to build trust and credibility. Here’s a look at how businesses can succeed with traditional industry customers.
Key Challenges with Traditional Industry Customers
Traditional industries often face barriers to technology adoption due to the critical nature of their operations. As Gary Agnew from Ideon observed, “Mining operates in decades, not in years or months, and while the industry is open to tech, the complexity and risk implications make changes challenging.” For these sectors, any potential disruptions to safety or productivity can be major deterrents to embracing new solutions. High-stakes environments like mining prioritize safety above all, which means that tech providers must be prepared to clear substantial hurdles to gain approval.
Sonia Hobbs of LandSure further highlighted the difficulties of pushing change through in public sectors, which serve various stakeholders. “Change is hard, right? We have to go through a series of consultations to ensure we’re listening to customers and solving their pain points.” Implementing tech in public-facing industries requires balancing innovation with consultation to gain broad support and align with the public interest.
Top Tips for Selling into Traditional Industries
Understanding and respecting the expectations of traditional industry clients is essential. Here are several strategies recommended by the experts:
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Establishing Credibility with Traditional Industry Customers
Trust is the foundation of successful relationships in traditional industries. Establishing credibility from the outset is essential, and BC Tech experts offered strategies to build that trust effectively:
Selling tech solutions to traditional industries requires patience, adaptability, and a strong focus on relationship-building. By understanding key challenges, tailoring your approach, and leveraging BC Tech’s resources, your company can succeed in bringing innovation to industries that are both demanding and ripe for transformation.
About BC Tech
BC Tech is the leading non-profit association supporting tech companies in British Columbia. Our Scaleup Academy provides exclusive access to curated courses and resources to help startups scale and professionals thrive. Learn more about BC Tech.
This blog is part of our ongoing educational series through BC Tech’s Scaleup Academy. To explore more about leveraging AI and other essential business topics, visit BC Tech Scaleup Academy.
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Executive Leadership & Advisory | Board Member
3 个月Great conversation with Eric Enno Tamm Gary Agnew and Sonia Hobbs. Always interesting to see the direction of BC innovation in different industries.