{"id":7907,"date":"2012-08-07T14:11:36","date_gmt":"2012-08-07T14:11:36","guid":{"rendered":"http:\/\/www.matthew-j-smith.com\/?p=7907"},"modified":"2019-01-26T22:44:16","modified_gmt":"2019-01-26T22:44:16","slug":"outdated-sales-methodologies-and-traditional-marketing-are-killing-b2b-sales-results","status":"publish","type":"post","link":"https:\/\/www.matthew-j-smith.com\/?p=7907","title":{"rendered":"Outdated Sales Methodologies and Traditional Marketing  Are Killing B2B Sales Results"},"content":{"rendered":"<p>We started out 2012 with a post asking this question, \u201cWhere Does the B2B Sales Model Go From Here?\u201d More than halfway through the year, we continue finding and reporting evidence of what today\u2019s B2B sales model must look like to achieve best-in-class results.\u00a0\u00a0 Here are two recent and very significant indicators.<\/p>\n<h3><strong>Critical Trend #1.\u00a0 Marketing\u2019s New Role: Lead Generation Engine<\/strong><\/h3>\n<p>Today, best-in-class B2B marketing is a demand generation engine for sales.\u00a0 For most companies this is a massive change from marketing\u2019s traditional role.\u00a0 As <strong>Forrester<\/strong> principal analyst Jeff Ernst puts it in a <a title=\"Forrester Blog\" href=\"http:\/\/blogs.forrester.com\/jeff_ernst\/12-07-26-b2b_marketers_have_a_blind_spot_the_buyer_journey\" target=\"_blank\">recent blog post<\/a>:<\/p>\n<p><em>\u201cB2B marketing is going through an essential transformation. Historically, our focus has been on events, PR, and collateral. Now, our CEOs and board are demanding that we\u2019re directly driving revenue growth. This requires a whole new set of skills and activities across marketing and sales teams: <strong>content marketing, inbound marketing, lead-to-revenue management, revenue-cycle analytics, account-based marketing and selling<\/strong>, to name a few.\u201d\u00a0<\/em><\/p>\n<p>It\u2019s a big change, but there is plenty of data that validates the importance.\u00a0 Here are two significant success factors identified by leading market researchers in recent surveys of hundreds of B2B sales and marketing teams.<\/p>\n<table border=\"0\" width=\"439\" cellspacing=\"0\" cellpadding=\"0\">\n<tbody>\n<tr>\n<td width=\"194\">Best-in-Class create<strong> 50% of sales pipeline<\/strong>from marketing generated leads<\/td>\n<td width=\"79\">\n<p align=\"center\">Aberdeen Group<\/p>\n<\/td>\n<td width=\"166\">Optimizing the Marketing to Sales Lead Lifecycle, 2011<\/td>\n<\/tr>\n<tr>\n<td width=\"194\">On average, organizations that nurture their leads experience a <strong>45% lift in lead generation ROI <\/strong>over those organizations that do not<\/td>\n<td width=\"79\">\n<p align=\"center\">Marketing Sherpa<\/p>\n<\/td>\n<td width=\"166\">2012 Lead Generation Benchmark<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<h3><strong>Critical Trend #2. The Death of Solution Sales<\/strong><\/h3>\n<p>Sales leaders with their finger on the pulse of sales team effectiveness have known for a while now that Solution Sales (<em>aka Relationship Selling<\/em>) died years ago. It may have worked well twenty years ago for companies that really built their process around it, but that was before Google came along and wiped out the need for the sales rep as a \u2018trusted advisor\u2019.<\/p>\n<p>What has taken its place has been slow to be defined, but the <strong>Corporate Executive Board<\/strong> has now made it very clear in their definitive analysis on <a title=\"CEB Blog\" href=\"http:\/\/www.executiveboard.com\/exbd-resources\/content\/challenger\/index.html\" target=\"_blank\">The Challenger Sale<\/a>.\u00a0\u00a0 In three separate studies the CEB identified five unique rep \u2018personalities\u2019 and isolated what separates the Top 20% of B2B sales professionals from the rest of the pack.\u00a0 \u00a0As they say in their summary, <em>\u201c<\/em><em>The research revealed that sales reps fall into one of five profiles:<\/em><\/p>\n<ol>\n<li><em>The Hard Worker<\/em><\/li>\n<li><em>The Problem Solver<\/em><\/li>\n<li><em>The Challenger<\/em><\/li>\n<li><em>The Relationship Builder<\/em><\/li>\n<li><em>The Lone Wolf<\/em><\/li>\n<\/ol>\n<p><em>Each profile can turn in average performance, but only one consistently outperforms \u2013 the Challenger.\u201d<\/em><\/p>\n<p>This emerging profile of <strong>The Challenger<\/strong> sales rep, and the Sales Process they follow, establishes a clear blueprint for CEOs and Sales Leaders ready to change the way they sell.<\/p>\n<h3><strong>Real B2B Sales Change Requires a Two Phase Plan<\/strong><\/h3>\n<p>What is also clear based on the research from organizations such as <em>Forrester<\/em>, <em>Corporate Executive Board<\/em>, the <em>Harvard Business Review<\/em>, <em>CSO Insights<\/em> and others is this.\u00a0 Attempting to adopt just one facet of today\u2019s best-in-class sales model won\u2019t achieve the results you expect.<\/p>\n<p>Here\u2019s what the <strong>Marketing Leadership Council<\/strong> says about it in their blog post, <a title=\"Marketing Leadership\" href=\"http:\/\/mlcwideangle.exbdblogs.com\/2012\/07\/25\/building-an-automated-marketing-machine\/\" target=\"_blank\">Building an Automated Marketing Machine<\/a>:<\/p>\n<p><em>Here\u2019s the thing, though, about the Challenger Sale: <strong>it\u2019s impossible to scale without serious, serious investment in Marketing<\/strong>\u2026 In other words: market research, customer understanding and messaging \u2013 three key marketing activities.\u00a0<\/em><\/p>\n<p>This statement points out how important it is for companies to recognize that there are many moving parts to today\u2019s selling model.\u00a0 It\u2019s no longer about super star Rainmakers doing their own thing or traditional sales methodologies that have been rendered obsolete by technology.<\/p>\n<p><strong>It\u2019s also about not standing still!<\/strong>\u00a0\u00a0 The companies achieving best-in-class sales results are those where the CEO and Chief Sales Officer jointly set the expectations and build the plan for getting there.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>We started out 2012 with a post asking this question, \u201cWhere Does the B2B Sales Model Go From Here?\u201d More [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[49,36],"tags":[],"aioseo_notices":[],"_links":{"self":[{"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=\/wp\/v2\/posts\/7907"}],"collection":[{"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=7907"}],"version-history":[{"count":2,"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=\/wp\/v2\/posts\/7907\/revisions"}],"predecessor-version":[{"id":8162,"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=\/wp\/v2\/posts\/7907\/revisions\/8162"}],"wp:attachment":[{"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=7907"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=7907"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.matthew-j-smith.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=7907"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}