How to be successful in B2B Sales
Manage episode 502257603 series 3585590
Business-to-business sales requires understanding multiple stakeholders, longer sales cycles, and building trust for long-term relationships. The approach differs significantly from consumer sales, requiring tailored solutions and a focus on return on investment.
• B2B sales involves multiple stakeholders including end users, managers, and procurement teams
• Finding a "coach" within the client organisation is crucial for navigating the buying process
• Sales cycles typically run weeks to months, occasionally years for government clients
• "Farmers" (relationship builders) often outperform "hunters" (quick-close salespeople) in B2B environments
• ROI, efficiency improvements, and technical fit are primary decision drivers
• Honesty builds trust - never make up answers to technical questions you don't know
• Customise presentations to client requirements rather than delivering generic product pitches
• Qualify prospects carefully - pursuing opportunities below 50% probability wastes resources
• B2B typically involves fewer but higher-value sales compared to consumer markets
• Proposals must directly address specific client needs identified during discovery
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Graham Elliott
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Chapters
1. Introduction to B2B Sales (00:00:00)
2. Complex Buying Decisions and Stakeholders (00:02:45)
3. Sales Cycles and Relationship Building (00:05:19)
4. Technical Fit and Trust Building (00:09:02)
5. Tailoring Solutions and Qualifying Clients (00:13:38)
6. B2B Sales Approach and Summary (00:18:53)
51 episodes