A tale of two sales processes for virtually the same product
In Q4, we were evaluating software for a potential need 60-90 days out. The two solutions we were evaluating did the same thing for the same price (~$20K all in). Both had all the case studies and reviews you could ask for. Both G2 awards up the wazoo.
This tool would require company wide usage in varying degrees, mostly engineering though so it’d be me with the budget, but my co-founder/CTO for the green light.
All things considered, as a buyer, I thought it would be quite challenging to evaluate which way to go. Buying is hard! Perhaps based on their logo or colors? ??
What ensued was two wildly different sales processes that made the decision for me.
In a competitive market, the sales process differentiates more than the product. Let’s dive in.
Company A Sales Process :
Company B Sales Process
You can guess which product we went with, but given the focus on buyer enablement these days. I thought it’d be helpful to break down why this really matters for sellers.
领英推荐
1) You won’t be in the room when decisions are made
While I was running the process - I really needed the green light from CTO/dev. Our dev team is in a few time zones so they won’t be joining live calls nor do I think it’s a good use of their time. Whatever you send should be easily share-able internally.
Company A would require me to forward long emails internally that no one will read or make me package things up for the internal team, but I’m lazy so won’t do that.
Company B made it super simple to easily share 1 resource in a team slack channel that encompassed everything for each stakeholder.
2) Personalization is more important in follow-ups
Everyone is hyper-focused on writing the best cold emails using intent to find “in-market” buyers. There’s not enough written about the follow-up when you’ve actually spoken to someone that’s in-market versus using a data tool for a cold email.
Company A sent a generic template with web links/attachments and relied on email opens as their source of my engagement in the deal. They had no idea what I was looking at or downloading, nor who I was sharing with internally.
Company B likely had analytics on that 1 link to see what I was consuming, who else I shared it with, and made their follow ups timely and relevant based on that data.
3) Make it easier and faster to buy
I get that every company has their process with SDR to AE and so on, but you’re wasting people’s time if you don’t use the information you ask for in a lead form and making prospects regurgitate it on live calls.
Aside from the process, which sellers don't control a lot of the time. You need to simply make it easier to buy. Most buyers are already 80% of the way there before ever interacting with sales. On top of this, you’re lucky if the buyer spends more than 5% of the overall project live on the phone with you as a seller. Most time is spent doing their own research on the internet, talking to trusted peers/groups, and internally.
This will only accelerate as millennials become the main decision makers for stuff who have different habits when it comes to making decisions (less phone, more digital, async channels).
Co-Founder, Engines | YC W24
1 年Not entirely the same but I emailed an SDR at Salesforce to ask for a discovery call and I got a template response. I then was put in an automatic follow up sequence somehow and I even replied to that saying I just wanted to ask this SDR about their job but the sequence continued ??
Content & Community at Aligned | Helping b2b companies sell how buyers want to buy | Buyer Enablement Advocate
1 年Brendan L. Weitz loved reading your experience in evaluating both processes, how the sales process differentiated, and ultimately how you came to your purchase. In parntership with Navattic we launched a report similar to your topic of how much friction exists in the b2b buying process: https://www.chilipiper.com/post/b2b-buying-journey-report Need to get more qualitative experiences like this to show how buyers actually feel and how they evaluate products.
Director of Product Marketing at Pentaleap | Retail Media | Ad Tech
2 年Can’t tell you how much I love this article about your personal buying experience. The tale of 2 sales processes you shared is so similar to what I often hear from tech buyers in the qual interviews I do. It often comes down to buying ease! Would be interesting to know how much company B has iterated on their sale process to fine tune it.
Business Development | Strategic Partnerships & Alliances | Web3 | Capital Markets | Fintech | AI | SaaS | Start Up Ecosystem
2 年This is great, thanks ??
Building the #1 Realtime Unified API
2 年Kristof Vanheusden