Unlock B2B Sales Growth in 2024 With Data-Driven AI Questions [With Examples]
Christopher Bevel
Digital Marketing & Experience Design Leader | Fractional CMO | B2B, Healthcare, Higher-Ed, Non-Profit
Since this article is about questions, let’s start with a question:
Do you know what the most in-demand business skills will be over the next 5 years?
According to the World Economic Forum’s latest Future of Jobs report , most of the top 10 skills are related to asking better questions. Those skills include analytical and creative thinking, curiosity, and leadership.
We believe that asking better questions of your teams, data and the world around you are beneficial, no matter what business you’re in. In particular, asking better questions, and asking them earlier than your competitors, helps you to ‘punch above your weight’ competitively.
The answers to those questions are what you need to boost your team’s Customer IQ , develop more differentiated value propositions , and keep customers happy . These are some of your best sources of competitive advantage.
The best questions can help you reframe problems in unexpected ways. They encourage fresh viewpoints and diversity of thought which leads to better solutions. Well-crafted questions have the power to inspire the exchange of ideas and fuel innovation.
Here we discuss some of the ways to ask better questions in your business to gain advantage and boost performance.
Asking ‘Why’ to Explain Behaviors and Discover ‘What Could Be’
One of our favorite experts in the psychology of business is Rory Sutherland , Vice-Chairman of Ogilvy UK, one of the largest and most respected advertising agencies in the world. Sutherland co-founded a behavioral science practice at Ogilvy that applies behavioral economics and psychology to solve problems that traditional advertising agencies haven’t been able to solve. He is also the author of Alchemy: The Surprising Power Of Ideas That Don’t Make Sense .
In one of Sutherland’s many presentations, titled Billion Dollar Behaviors , he makes a compelling case for why businesses should put more emphasis on understanding the ‘why’ behind customer behavior, rather than just relying on the ‘what’ from analytics.
In the presentation, Sutherland discusses an idea from behavioral scientist, John Kenny , that the results of the most successful organizations can be likely attributed to behavioral vs. technological explanations.
Most businesses spend a great deal of time measure results, the ‘what’ of business performance in KPI dashboards. The problem is that they usually stop there and fail to consider ‘why’ those results are occurring.
As Sutherland summarizes, the problem is that in business and institutions today, there’s “too much Taylorism and not enough Druckerism.” In other words, there is too much reliance on hard data and “quantification of what already is” without creative exploration and experimentation to find “interesting causation” and “what could be.”
Asking “why” something occurs generates far more valuable insights and creative ideas than simply compiling data about “what” is happening.
What Would Be Best for Our Customers?
“We’re not competitor obsessed, we’re customer obsessed. We start with what the customer needs and we work backwards.” – Jeff Bezos
We love this quote because it sums up the customer-centric approach to business .
There are many reasons behind the growth of Amazon over the years. That said, there is good reason why ‘Customer Obsession’ is at the top of their list of leadership principles .
Being customer obsessed can be a source of competitive advantage in a lot of ways across a mammoth enterprise such as Amazon, a B2B service business with just a few employees, or just about any type of organization in between.
It starts with continually asking one question:
what would be best for our customers??
There are lots of scenarios where this question can help anchor all decisions and behaviors in your business to a focus on the customer, such as:
?
Recently, we were working with a client on the best approach for a website redesign. After much deliberation without a clear decision, we asked the team: “Okay, put yourself in the shoes of the customer. What would they want to see here? What content would be helpful, and what would they want to do next?
It was really helpful to?identify and agree on?the right moves to make in everyone’s minds. It also would serve as a strategic filter on future decisions.
Amazon’s ex-CEO Jeff Bezos was famous for having an empty chair at company meetings. The chair represented the customer, “the most important person in the room.”
This practice is a powerful way to remind teams that even though the customer isn’t in the room, they still matter, and it’s everyone’s job to make sure the customer’s voice is heard and accounted for. Just about every decision made inside the business potentially impacts the customer in some way or another.
?
B2B Demand Generation Starter Kit
Get our step-by-step approach for developing a B2B demand generation strategy and system for growing service-based businesses that is customer-centric, insight-driven, digitally enabled and adaptable for future growth.
Defining Your Ideal Customers and Target Markets
Do you know ‘who’ your ideal customer is, ‘what’ triggers their search for solutions like yours, and ‘why’, ‘how’ and ‘when’ they go about selecting them?
Defining ideal customers tends to be really hard for some service businesses because they want to do everything, they can to grow the business.
It’s understandable to want to grow anyway you can. But can you really afford to spend on go-to-market efforts that don’t match your best customers for growth? Do you have unlimited budget?
This lack of focus on the best customers for your business translates to dull value propositions and vaguely targeted, ineffective demand generation. In short, you end up burning cash and team effort in areas that don’t benefit the business or customers.
So how do you find out who your ideal customers are, and how to target and convert them??
Your sales and customer success teams and your CRM systems are goldmines of knowledge as to which industries and company profiles fit best with your offering. Dig into these sources to choose who you should target.
Find your 80/20 customers
Not all customers are equal. If the 80/20 rule is playing out in your business, 20% of your customers produce 80% of your value. Your goal should be to zero in on these 20% of customers who are essential for your business’ prosperity.
Ideal customers that represent the biggest chunk of business value usually share some common ‘fit’ characteristics, some of which are more important than others, depending on your business model.
Look for patterns that indicate why some customers represent a disproportionate share of your business results. Examine your current customers and identify the common characteristics that they share. This includes factors such as company size, industry, location, and revenue.
Start with evaluating current engagements to define common characteristics of high-value clients. Value = the cumulative direct (engagements) and indirect (referrals) profit that each customer can generate over their lifetime as a client. This can be hard to calculate, so use your best estimate.
Questions to define your ideal customer profile (ICP)
We suggest starting by answering these fundamental questions to begin visualizing your ideal customers:
?
Read more:
?
Generating More Explanations and Strategic Opportunities
There is no shortage of research and best practices around fostering data-driven organizational cultures . The benefits are well documented: faster, better decision making, boosted productivity, top talent acquisition, enhanced innovation and customer-focus to name a few.
?
But what about curiosity?
Simon Brown, Partner, Talent, with EY and Author ‘The Curious Advantage’ & Podcast Host
says that in the era of AI, “nurturing curiosity will be crucial not only for our professional success but also for our ability to adapt and thrive in an uncertain world.”
Curiosity encourages asking “why” and exploring unanswered questions. This can lead to uncovering hidden trends, unexpected correlations, and entirely new avenues for investigation within the data itself.
Asking those ‘why’ questions dramatically increases the likelihood of generating completely new solutions. Without that curiosity, it’s easy to get to stuck into a rhythm of defaulting to the first sufficient explanation that data may show. Failing to question data can lead to wasted effort and misdirected investments into the wrong strategies.
Businesses that dig deeper beyond the surface level of what, how, where, when, are the ones that generate differentiated, un-considered explanations for what’s happening in the world.
Unpacking and Predicting Customer Behaviors
Understanding your customer’s true motivations for buying your services is a very useful insight that most businesses don’t fully appreciate. This includes the problems they’re trying to solve, the goals they’re trying to achieve, and the pain points they’re experiencing. This also includes what’s holding back buying decisions.
The B2B customer journey for business buyers has been evolving for a number of years and tends to be a lot less predictable than your sales process. Why? Because by the time a buyer decides to contact your company, they have already completed at least two-thirds of their buying decision process.
The modern B2B buyer is very self-reliant with access to more information than ever before. They are doing a lot of self-research and vendor comparison before their first interaction with your brand. Their expectations are shaped by best-in-class experiences they enjoy as consumers. ?They expect answers to their questions easily, immediately and on their terms.
They expect a personalized approach to understanding their business and delivering tailored services that caters to their unique needs and challenges.
They have considerable choices of media and information, and so many ways to learn, long before a sales contact. Their behaviors and decisions are influenced more by their expectations and social proof, vs. your advertising and sales pitches.
Consider the following:
?
These are very positive trends, and opportunities for progressive service businesses that know how to use customer-centricity for advantage .
You’re not able to influence the majority of your buyer’s process – until you know the right questions to ask.
A great place to start is by asking prospects and customers questions designed to reveal and unpack their unique bundle of motivations and the context that shapes their behaviors. Then, align your entire business model – market selection, solution design, go-to-market, sales processes — to match it as closely as possible. ?
?
Buyer context is as important as motivations
Most solution providers don’t fully appreciate the personal stakes involved and the emotional factors at play in business buying decisions. This is especially the case for buyers with low problem and solution awareness.
领英推荐
Think about the last time you shopped for something you knew very little about. How did it feel? Was it hard to find trustworthy information that guided you to the right purchase decision? Were you confused by all the solutions and claims that were hard to compare?
Now imagine that the success of your department, or even the entire company, depended upon you making the right purchase decision. The consequences of these series of small decisions might last years and cost $ millions. The stakes can be pretty high for your buyer and the buying team.
When you deeply understand customer context and motivations, you can create more compelling offerings and personalized experiences that buyers will appreciate. You may need to change how your sales team relates to customers. Have them shift into a more consultative, sense making advisor role.
Keep in mind that buying decisions in B2B, as in consumer markets, can be influenced by a variety of factors, including practical needs, emotional desires, and social pressures, and these can evolve over time. Use this knowledge to enhance your marketing efforts, improve customer satisfaction, and gain a competitive edge.
Combine Customer Intelligence and Digital Analytics to Unpack the ‘Why’ Behind Motivations and Behaviors
Digital analytics are great for determining the ‘what’, ‘where’, ‘when’ and ‘how’ of customer behaviors. However, quantitative analytics methods usually fall short on explaining ‘why’ people do what they do.
Clicks alone cannot explain a person’s motivation and intent, and they don’t provide a lot of context about their lives, work and drivers of behavior.
Answering questions of surface analytics with qualitative customer behavioral research can present opportunities to generate some very powerful predictive and strategic business planning insights such as:
In a recent client engagement , we helped a cross-functional group in healthcare combine quantitative data (clinical visits) and qualitative (patient feedback) insights in a way so they can reinforce one another.
We started with digital analytics to uncover clues that led to a hypothesis that we then further explored and tested by talking to customers. We later explored and tested new solutions informed from persona and journey research that we then verified through digital analytics post launch.
The Power of Open-Ended Questions
Mastering the art of asking open-ended questions is a cornerstone of successful selling. They spark conversations, uncover needs, and ultimately build stronger client relationships.
Here are some scenarios where open-end questions can be a game changer for your selling process.
Pre-Sale Discovery: Unveiling Known Needs and Un-Considered Factors
?
Presentation and Negotiation: Addressing Concerns and Building Value
?
Post-Sale and Client Relationship Management: Building Loyalty
?
Asking Better Questions of AI Tools
Going back to the top of this article, another increasingly important skill in business will be knowing how to use generative AI tools. Generative AI is transforming marketing and sales processes across industries to disrupt business models and generate value for businesses and customers alike.
Getting the most out of these tools requires you to supply well-defined prompts and ‘questions’ for the AI bot.
In this sense, working with a generative AI bot is a lot like working with people to brainstorm or solve a problem. The better your questions in a team setting, the quicker and better suited the new ideas will be to the objective.
Likewise, a poorly defined AI prompt leads to ambiguous or irrelevant outputs.
Well defined prompts should include context about your business, target market, competitors, and current challenges. Propose ideas and ask the AI what it thinks, or how it can improve on the ideas.
For a guide to writing better generative AI prompts, we recommend these resources:
?
How to Practice Asking Better Questions
Look for opportunities to practice asking questions in your business.
Here are a few methods we like to use.
?
5 Whys
The 5 whys method originated in Japanese auto manufacturing and is now widely popular in design thinking. Asking ‘why’ in a structured way can be an incredibly effective and versatile method to uncover root causes of problems, to dig deeper into underlying motivations in consumer behavior, or even to build collaboration or bring about creative solutions within teams.
The 5 whys method doesn’t really require any sophisticated tools or documentation. It just requires an open-minded approach to problem solving, and benefits from the same rules as brainstorming.
Here’s an example of using 5 Whys to diagnose poor sales performance in a B2B services business:
?
?
‘What If’ Questions
Asking ‘what if…’ is a great way to stimulate creative solutions to problems, or to break a team out of a cognitive logjam.
In our approach to customer-centric B2B demand generation, we ask a lot of what-if style questions to help clients mentally simulate a desired future or scenario before dedicating resources to execution.
This exercise basically follows the same rules of brainstorming – generate ideas while deferring judgement. The only limit is the team’s imagination.
Here are some example what-if questions:
?
Proactive Questions (Pre-Mortem)
A pre-mortem allows you to work backwards and look at the individual factors that could lead to failure as well as the actions to take in order to pre-empt failure. Once you’ve identified these factors, you can start thinking about how to best avoid or mitigate these risks from occurring.
For instance, you could think upfront about what could go wrong with your product’s go-to-market strategy and the marketing channels that you’re looking to use. Or you could begin to imagine what might happen if customers don’t respond to your product as expected.
Or you could market test a new product with a small segment, then use those learnings to inform future pre-mortems before scaling.
Here are some good questions to ask during a pre-mortem.
?
Pause and Reflect
When someone comes to you with a problem, don’t immediately respond with a solution; instead reflect on the situation using questions to dive deeper.
Try this next time someone responds to your idea with a reason why it cannot work: first pause and reflect on the situation. Then respond with a thoughtful question or two that moves you both to a reasonable solution. Ask the kinds of questions that will spark more creativity among the team, and that will unlock new insights.
Good Strategy Starts with Good Questions
Simply asking better questions is one of the most efficient ways of generating better insights, upon which great ideas, products, experiences and strategies are built.
Getting better at critical inquiry really doesn’t cost you any more, nor does it take a great deal more time to practice. Asking good questions as part of a healthy business planning exercise can save any organization a lot of costly misfires down the road.
By moving beyond a superficial understanding of results and delving into the underlying reasons for those results, businesses can unlock new opportunities for growth and success.
A deeper understanding of motivations and what we don’t know about customers, is fuel for developing successful business strategies and durable competitive advantage.
Need Help Asking Better Questions?
At Bevelroom Consulting, we believe that good strategy starts with good questions.
We use this method in our demand generation diagnostic and other services.
In our diagnostic, we assess current strategy, identify root causes of obstacles to desired outcomes, test the biggest levers for change, and develop a roadmapped action plan to improve demand generation / go-to-market.
What you get:
Did you enjoy this article? Get more perspectives on customer-centric demand generation at bevelroom.com .
Spot on! Asking better questions is a game-changer in any industry. ??
Growing businesses with SEO-driven content | Helped companies increase organic traffic 2-3x | I share content marketing frameworks that work
7 个月Asking better questions is definitely the key to unlocking new opportunities and growth. Keep exploring! ???? Christopher Bevel
I help companies resuscitate dead leads and sell using AI ?????????????? #copywriting #emailmarketing #coldemail #content #databasereactivation
7 个月Spot on! Asking better questions definitely unlocks a world of opportunities.
? Infrastructure Engineer ? DevOps ? SRE ? MLOps ? AIOps ? Helping companies scale their platforms to an enterprise grade level
7 个月Asking better questions is definitely a powerful skill to have in today's fast-paced business world! ?? Christopher Bevel