This is why sales representatives dedicate a lot of time and energy to them, with unfortunately very low success rates, most of the time.
So, what are the secrets to success for publishers who win their calls for tenders?
1. They maintain a privileged relationship with their Key Accounts
The primary key to success in maximizing your chances in your responses to calls for tenders is to initiate and then continuously maintain a quality relationship with your key account prospects.
If you have worked – as we hope! – on your sales model, you know who your gold, silver, and bronze clients are. And you have considered the allocation of your sales resources (distribution of working time and assignment of accounts) based on this classification, that is, by prioritizing your gold targets, then silver, and finally bronze. As a result, your sales representatives have begun to identify the key contacts within these accounts and establish lasting relationships with them.
Objective: to create and establish trust in order to gather valuable information about the internal organization and the strategic issues of the moment for the company.
Marketing can effectively support them in this task by producing « tailor-made » content to nurture a personalized relationship in a logic of « value creation » with their contacts (articles or infographics corresponding to their centers of interest, for example).
It's also a good way to stay top of mind and ensure you're 'on their radar' when they choose companies to consult for a new project!
2. They Know the 'Playing Field' of the Call for Tenders Perfectly
It is this long-term relationship of trust that allows sales representatives to work on another key point to improve their conversion rate with major accounts: account mapping. This is one of the key elements of Method 1, and an essential point when you want to control your sales process and stop making your sales results depend mainly on the "luck" factor or uncontrolled external factors, as Caroline Jurado, CEO and founder of the start-up Linkky, points out in her testimonial about our collaboration.
Internal organization, influencers and decision-makers within the account, apparent and invisible relationships, specific or collective internal issues, priority objectives, sector constraints and market context…
These elements of detailed prospect knowledge allow you to understand their expectations (conscious or unconscious...) and target the offers that best suit them.
And also, as we will see later, to construct the discourse to which they will be most receptive.
This is a step that should not be overlooked, with one key point to keep in mind: account mapping is never static. It evolves not only over time and with internal changes, but also differs for each deal. It should therefore be reconsidered for each new call for tenders: the sales director may have been your best internal advocate when implementing a CRM solution, but may turn out to be a staunch opponent when implementing new marketing tools, if the latter calls into question the working habits of their team, for example!
3. They ensure they always stay one step ahead.
Another determining factor in any major account sale, but even more so when it takes place within the framework of a call for tenders: having privileged and priority access to information!
Since the legal framework for calls for tenders is extremely regulated, once the consultation has been launched, many constraints restrict the actions of salespeople: a single, imposed contact person, a duty of confidentiality regarding the other companies consulted and their positioning, a prohibition on directly contacting decision-makers, extreme formalism in the call for proposals and responses, etc.
In fact, the only effective way to influence the outcome of a call for tenders by refining the relevance of your commercial response is before its official publication!
Consider that if you discover the call for tenders the day you receive it in your mailbox, you already start with a serious handicap, because you have very few commercial levers to act on, and they are not the most encouraging (the price...).
Those who understand this devote a lot of attention and energy to points 1 and 2 mentioned above, especially for this reason. If a relationship of trust exists and if exchanges are regular, there is a good chance that you will hear about a consultation while it is still only at the project stage... However, it is at this moment - and only at this moment! - that you will be able to obtain key information from the various internal contacts most familiar with the file.
4. They know how to make a difference...
If you have integrated the first 3 points into your sales methods and your sales organization, then you have tools that will allow you to differentiate yourself from your competitors: you have an idea of the planned budget, the internal organizational constraints impacting the project's execution, the key stakeholders and their expectations, and the arguments of the internal project "opponents," etc.
And from then on, you are able to "play your cards" in the best possible way and determine in a relevant way: the offers and services to highlight, the type of support to offer the client, your price positioning, and more generally, your sales tactics for this deal.
Last point – and not least –:
you are able to construct the discourse that will be effective with your interlocutors.
Presenting an offer that matches the client's expectations has certainly allowed you to pass the pre-selection stage. That's good. But it's useless if you're not the best afterwards, at the oral presentation stage!
It is during this final stage, which determines the ultimate outcome of the consultation, that the sales approach, patiently developed from the beginning, becomes fully meaningful and bears fruit: the detailed knowledge of the account and its key contacts that your sales representatives have acquired over the preceding months will allow you to develop an original narrative around your solutions and to focus on the points that will resonate most with your contacts.
Knowing their personal challenges, you can even afford to turn your contacts into « allies » during your presentation by inviting them to express themselves, give their opinion, and « co-build » the choice of solution with you during your presentation.
What better way to make them want to work with you than to involve them in choosing options and getting them to envision the rest of the project with you?
In any case, this is an approach that has enabled many of our clients to significantly improve their conversion rates and the amount of business won!
Time is a valuable resource, and your sales representatives are short on it. In this webinar, KESTIO explains how to save them 50% of their time: