7 posts tagged with "startups"

In the fast-paced world of B2B sales, one of the most frustrating challenges sales professionals face is the dreaded "no-show" or being ghosted by prospects after the initial meeting. This issue not only wastes valuable time but can also significantly impact your bottom line. According to a recent Forrester report, nearly 90% of global business buyers indicate that their purchase process was stalled in 2023 [1]. This statistic underscores the importance of maintaining momentum in the sales process.

As sales leaders, it's crucial to equip our teams with the right strategies to minimize these occurrences and maintain momentum in the sales process. At Autohost, we've developed a comprehensive approach to tackle this problem head-on. Here's our guide to reducing no-shows and ghosting in your B2B sales process:

1. Set Clear Expectations with an Up-Front Contract
   The Sandler Selling Methodology emphasizes the importance of establishing an up-front contract at the end of each interaction. This contract sets clear expectations for the next steps and ensures both parties are on the same page.

   Example: "Thanks for your time today, [Prospect Name]. Based on our discussion about [specific pain points], what do you think should be our next step?"

2. Secure Commitment for the Next Meeting

   Once you've agreed on the next step, lock in a firm commitment:

   "Great, let's schedule our next meeting to [discuss/demo/etc.]. How does [specific date and time] work for you? I'll send a calendar invite right after our call."

3. Set Expectations for Communication

   Clearly communicate what will happen between now and the next meeting:

   "Before our next meeting, I'll send you [specific materials/information]. Is there anything else you need from me to prepare?"

4. Address Potential No-Shows Proactively

   Use a friendly, non-confrontational approach to address the possibility of a no-show:

   "I know things can get busy. If something comes up and you can't make our scheduled meeting, would you mind letting me know? That way, we can reschedule and make the most of both our time."

5. Establish a Follow-Up Protocol

   Agree on how to handle follow-ups:

   "If I don't hear from you by [agreed date], would it be okay if I reach out to check in? What's the best way to do that - email, phone, or something else?"

6. Confirm the Prospect's Commitment

   Ensure the prospect is truly committed to moving forward:

   "Just to confirm, are you still seeing this as a priority for your team? Is there anything that might prevent us from moving forward with our next steps?"

7. Summarize and Reaffirm

   Before ending the call, summarize the agreed-upon next steps:

   "To recap, we've agreed to [next steps]. I'll send you [materials] by [date], and we'll meet again on [date/time]. If anything changes, we'll [agreed follow-up method]. Does this sound correct to you?"

8. Post-Meeting Follow-Up

   Immediately after the meeting, send a follow-up email that:

   • Provides three highlights from the call
   • Confirm our company can solve their challenge(s)
   • Reiterates the agreed-upon next steps and timeline
   • Includes any promised materials or information

   Here's an example:

   3 highlights from our call today:

   • Manual guest screening process in place, but opportunity to automate and enhance verification
   • Chargebacks have been reduced, but still an ongoing issue, especially for product quality disputes
   • Concerns around longer-term stays and evictions in multiple states

   I’m confident Autohost can help address these priorities with our comprehensive guest screening and fraud prevention solution.

   Next steps:

   • Follow-up call scheduled for Tuesday, June 25th at 10am
   • Review current screening processes and pain points in more detail

   Looking forward to continuing the conversation!

9. Pre-Meeting Reminder

   A day before the scheduled follow-up meeting, send a friendly reminder:

   "Looking forward to our meeting tomorrow at [time]. I've attached [relevant materials] for your reference. Please let me know if you need to reschedule for any reason."

10. If a No-Show Occurs

    If despite these efforts, a no-show occurs, follow up with a non-confrontational message:

    "Hi [Prospect Name], I hope everything is okay. We missed our scheduled meeting today. I know things can get hectic. Would you like to reschedule, or has anything changed regarding the priority of this project?"

Implementing these strategies can significantly reduce no-shows and ghosting in your B2B sales process. Remember, the key is to be proactive, clear in your communication, and always maintain a professional and understanding tone.

It's also important to note that the B2B buying process has become increasingly complex. According to a study by Drip, 77% of B2B buyers say their latest purchase was either "difficult" or "very complex" [2]. By providing a clear, structured follow-up process, you're not only reducing no-shows but also simplifying the buying journey for your prospects.

Moreover, with the rise of digital selling, it's crucial to adapt your follow-up strategies to align with modern buying behaviors. Research from Thinkific shows that 62% of B2B buyers engaged with three to seven pieces of content before connecting with a sales rep [3]. This underscores the importance of providing valuable, relevant content throughout the follow-up process to keep prospects engaged.

The shift towards digital and omnichannel selling is further emphasized by McKinsey's research, which found that B2B buyers now use up to ten or more channels, including online and digital, as part of any given purchase. This is double the number of channels used five years ago [4].

By implementing these strategies and staying attuned to the evolving B2B sales landscape, you can significantly reduce no-shows, minimize ghosting, and ultimately improve your sales team's effectiveness and close rates.

Remember, persistence and professionalism are key. As sales leaders, it's our responsibility to guide our teams in mastering the art of follow-through, ensuring that every prospect interaction moves the sales process forward efficiently and effectively.

As a salesperson, building trust with your prospects is crucial for closing deals and establishing long-term relationships. But how can you create that trust quickly and effectively? One approach is to take a cue from the medical profession and treat your sales conversations more like a doctor's visit.

When you go to the doctor, they don't just sit down and start prescribing medication or treatments. Instead, they ask probing questions to diagnose your condition and understand your unique needs. They want to get to the root of the problem before offering any solutions.

As a salesperson, you should adopt a similar mindset. Rather than launching straight into your pitch, focus on asking insightful questions that uncover your prospect's true challenges, goals, and motivations. This shows you care about understanding their situation, not just making a sale.

Doctors also aren't afraid to ask tough, even uncomfortable questions when needed. They know that getting the full picture is essential for making an accurate diagnosis and recommendation.

Likewise, don't shy away from probing deeper with prospects when you sense there's more to the story. Asking challenging questions demonstrates confidence and expertise. It positions you as a trusted advisor, not just another vendor. Prospects will respect your thoroughness.

Just like a good doctor, aim to prescribe solutions that are tailored to each prospect's specific "symptoms" or needs. Cookie-cutter approaches erode trust. Prospects want to feel you've carefully considered their unique situation.

Finally, remember that patients don't necessarily expect their doctor to be their best friend. While bedside manner is important, it's secondary to being a competent professional who asks the right questions and provides appropriate guidance.

The same is true in sales. Focus first on demonstrating credibility, insight and leadership through great questions and attentive listening. Build trust by showing prospects you're a safe pair of hands to guide them to the right solution.

Conclusion​

To create trust like a doctor, salespeople should:

1. Ask tough, challenging questions: Doctors ask patients uncomfortable questions to diagnose the problem accurately. Similarly, salespeople should ask prospects questions that they may not know the answer to, but feel the salesperson should. This demonstrates expertise and helps the salesperson understand the prospect's true needs and motivations.
2. Focus on the process, not the outcome: Doctors follow a systematic process to diagnose and treat patients. Salespeople should also have a structured approach to selling, focusing on the steps that lead to a successful outcome rather than being overly attached to the final result.
3. Provide leadership, a safe pair of hands, and insight: Prospects look for these three qualities in a salesperson. By demonstrating leadership, competence, and valuable insights, salespeople can establish trust and credibility, much like a doctor does with their patients.
4. Avoid being needy or overly adaptive: Doctors don't change their approach to please patients; they do what is necessary to help them. Salespeople should similarly maintain their professionalism and not be overly concerned with being liked or adapting to every whim of the prospect.
5. Be willing to challenge the prospect: Doctors often have to convince patients to make difficult lifestyle changes for their health. Salespeople should also be prepared to challenge their prospects' assumptions and guide them towards the best solution, even if it may be uncomfortable.

By adopting these doctor-like behaviors, salespeople can shift their focus from being liked to being trusted. This approach may not always be comfortable, but it is more likely to lead to successful long-term relationships with clients who view the salesperson as a credible expert and partner in achieving their goals.

Are you a technical founder struggling to crack the code on outbound sales? Do you find yourself more comfortable debugging code than dialing for dollars? Fear not, intrepid entrepreneur, for I have the blueprint to take you from zero to sales hero. In this post, I'll share the hard-won lessons I learned while building a high-performing business development representative (BDR) team from scratch. Get ready to level up your sales game and watch your startup soar to new heights.

As a Business Development Representative (BDR), your success hinges on your ability to connect with prospects and uncover their pain points. While your script and product knowledge are essential, there's one often-overlooked skill that can make or break your conversations: your tone.

Hey there, sales superstar! Ready to take your outbound game to the next level? In this post, we'll dive deep into the nitty-gritty of structuring outbound calls and emails that grab prospects' attention and get them eager to learn more.

First things first: let's talk about the foundation of any good outbound strategy - personalization. Gone are the days of generic, one-size-fits-all messaging. If you want to stand out in a crowded inbox or cut through the noise on a cold call, you need to do your homework and tailor your approach to each prospect's unique needs and pain points.

But how do you do that without spending hours stalking them on LinkedIn? Fear not, my friend. I've got some tried-and-true techniques to help you craft outbound calls and emails that are personalized, relevant, and most importantly, effective.