While this may seem obvious to everyone when it comes to consumers, and therefore the BtoC sector, it's less common to mention the fact that this trend is also affecting corporate buyers, with a direct impact on the business of companies operating in the BtoB sector. And yet, this is what has led a Forrester1 study to announce the imminent death of the BtoB sales function! (On this subject, see our article The salesperson is dead. Long live the sales consultant!)
Ignoring these changes, or misunderstanding their meaning, means running the risk of (continuing to) offer sales systems that are ill-suited to today's reality and your customers' expectations... A pointless and dangerous risk!
Do you have the right sales system in place, or are you lagging behind your buyers when it comes to boosting your sales performance? Read on to find out.
1- What has changed, and why
But what are these changes in professional purchasing behavior, and what are their underlying factors?
There are 4 main trends:
1.1. A change in audience and buyer generation :
According to the "Demand Gen Report" and the "B2B Path To Purchase Study 2014" by Google and Millward Brown Digital, Generation Y, born with the Internet, is now at the forefront of B2B purchasing potential.
46% of today's professionals are from Generation Y, an increase of 70% in three years!
Young, dynamic, more intrepid and, above all, completely immersed in digital technology, the growing presence of "digital natives" partly explains the importance of social networks and new technologies in the purchasing process.
And make no mistake about it: despite their young age, these professionals now have real decision-making power: still according to the same study, 81% of them are in charge of purchasing decisions concerning their perimeter.
The profile of BtoB prospects has therefore evolved considerably.
1.2. The supremacy of the Internet in the information process :
What does this evolution of your audience mean for you? First and foremost, the way they access information about your offers.
According to a survey published by Fevad and QualiQuanti (a marketing research institute), the majority of professionals now use the Internet to prepare their purchases. 55% of them report a growing predilection for the web: search engines (by a large majority), supplier websites and social networks are now among your buyers' primary sources of information about your products and services.
Another important aspect of their behavior is that they avidly consult expert and/or peer opinions before making any purchase. The "official" information circulated by suppliers is therefore analyzed and weighed up against the testimonials and feedback of their customers.
B-to-B buyers, who once favored face-to-face and telephone channels, now favor responsiveness and the plurality of possibilities offered by the web.
They no longer need the supplier's help to initiate or even finalize their purchasing process, as the Forrester study shows: 93% of B2B customers prefer to buy online "once they've decided what to buy".
Thanks to the Internet, every customer has independent access, from any place and at any time, to advice and opinions on how to solve the problems they encounter, as well as information on the products and services that interest them.
The other side of the coin for him (and for you): today's BtoB buyer is overwhelmed by content from various service providers, partners and analysts. Their search for relevant information means they have to be highly selective, and quickly get rid of advertising content.
1.3. The growing importance of social networks
72% of BtoB buyers use social networks to find out about products and services beforehand. Of these, only 22% then contact the supplier directly.2
Executives and prospects have a clear preference for LinkedIn, a professional network, and blogs, which provide a more detailed opinion on a subject.
There's nothing easier for a buyer than to log on to discussion and self-help forums to collect best practices or standard specifications. These collaborative BtoB modes are booming, with advice and recommendations (from suppliers among others) becoming increasingly powerful.
The expansion of the buyer's network has truly changed his traditional decision-making model.
The social networking giants have also geared their advertising offerings to target the BtoB sector. Facebook, for example, is working hard to develop its own professional network, "Facebook at work". Even if it is still struggling to win over this sector, it is already available on the Apple Store.
1.4. Increased risk perception, a longer and more complex decision-making process
Risk is still a predominant factor in purchasing decisions. Tense economic conditions and uncertainty about the future are all factors that drive buyers to pay close attention to cost and value.
They put pressure on suppliers to lower the price of their solutions and demonstrate their added value and return on investment to all decision-makers.
Buyers' perception of risk is taking on such dimensions that the result is increasingly long sales cycles and a multiplication of interlocutors who share responsibility for the decision and, consequently, the potential risks.
Buyers therefore spend more time in the information phase. They take the time to compare services, call or meet suppliers, and examine all possible solutions.
When they enter the purchasing process, they expect salespeople to support them in their analysis and reflection, helping them to clarify their needs, determine the key success factors and challenge competing solutions to enable them to make the most appropriate choice in light of their challenges and objectives.
2. How to get on board
Faced with these rapid and radical changes, suppliers absolutely have to upgrade their sales processes!
Generation Y buyers, the explosion in web usage, the advent of social networks and the desire to control risks have permanently altered the situation: increasingly autonomous in their purchasing cycle, BtoB buyers have developed new reflexes.
Of course, the diversity of products and services offered to professionals (from ink cartridges to airliners) makes it impossible to model a desirable evolution applicable to all.
However, 2 main models can be distinguished:
2.1. Your company sells "everyday" products
In the case of "commodity" products such as ink cartridges, the added value is so low (which is not to say that the product is of poor value!) that online sales, without a sales contact, will become the rule. The challenge is essentially e-marketing, and involves offering customers the benefits they associate with using the web channel:
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- Time-saving: immediate, real-time information on products and their availability, access to order history, ease of ordering, etc.
- Reliable product information : easy-to-access, clear and comprehensive information on product comparisons, prices, delivery times and test samples.
- Order tracking: real-time tracking of orders, with direct dispatch of useful information at each stage of processing, and additional functionalities such as SMS alerts.
2.2. Your company sells high value-added products and services
When it comes to high value-added products or services, such as airliners or enterprise software, it's no longer a single salesperson who makes the sale, but a whole team, whose size and areas of intervention are expanding (marketing, digital, sales, pre-sales research, development, customer relations...).
The challenges are to detect qualified leads, support customers in analyzing their problems, determine the most appropriate solution with the prospect's or customer's entire sphere of influence and decision-making, and be able to provide maximum value throughout this pre-sales phase.iétés to adapt an effective sales strategy.
To meet these challenges, we work closely with our customers on :
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- Changes in sales practices: sales management needs to be adapted to encourage salespeople to change their approach to prospecting, conducting interviews and co-constructing sales proposals with their customers.
- The implementation of a sales coverage and intensity management system for the various customer segments, which puts the number of appointments indicator into perspective.
- Recruiting sales staff with new skills
- Development of management and control tools (e.g. CRM)
- Improving customer pathways and ensuring consistency between different sales channels
- Developing effective cooperation between sales, marketing, customer relations and pricing teams...
There are so many facets to this transformation that it can be difficult to master.
However, the slow pace of change in sales processes is leading customers to eliminate certain market players who have failed to jump on the bandwagon... This means that sales systems (too) are not immune to the tsunami of "uberization"!
Only companies that rise to these challenges will be able to stay at the forefront of sales efficiency, or conquer it!
What about you ? How are you adapting your sales systems to meet or anticipate your customers' purchasing expectations and practices?
Discover a tool to test your sales effectiveness. Just click on the link below to find out how dynamic your sales are, free of charge: