Three Ways to Shorten a Lengthening Sales Cycle in 2023 and Beyond

As buyers, we know how much the digital-first world has transformed buying behavior. It isn’t just the volume of choice. It’s unrestricted access to seller information, without actually having to rely on the seller for it. This has put B2B sellers in quite a tough spot. Now, sellers have an even smaller window and shorter opportunity to make an impact on their prospects.

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3 Ways B2B Buying Behavior Has Changed—Forever

It was July 2020—the middle of COVID Year 1—and the temperature had hit 95 degrees (F). Then, the AC on my beloved 2003 Toyota Highlander died. The cost to repair it was far more than the value of the automobile. I needed to buy a new car. But we were in the middle of the pandemic. Shopping for a car the “traditional” way was out of the picture. So, I did what every buyer was doing when shopping those days. I fired up my MacBook, launched Google Search, and started researching my purchase.

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Do You Really Understand Your Best (and Worst) Customers?

Most companies analyze financial performance by looking at geographic segments, product lines, or channels. These perspectives overlook the fact that aggregate revenues are dependent on individual customers, and that’s why analyzing the business by looking at its customers can provide managers with useful insights. This process, called a customer-base audit, can be a tool for businesses as they seek to answer five questions.

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Building a More Adaptable Sales Force

Compared with other business functions, sales has a tendency to be less adaptable. At many companies, sales process remain the same for long periods of time. Now, as digitization changes the way many customers buy, sales teams need to evolve continuously. Four practices can help with this shift: Anticipate where customers are going, redeploy resources to match customer behavior, shift emphasis from closing sales to helping customers realize value, and embracing agile decision-making.

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