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Powering B2B sales to economic buyers




Mari Anne Vanella - CEO/Founder    Tom Pisello - Chairman & Founder

Twitter: @vanellagroup             Twitter: @tpisello



                Top 5 Ways to Connect, Engage and Sell C-
                x Level Executives
Today’s Speakers

Mari Anne Vanella                                  Tom Pisello
CEO & Founder of The Vanella Group                 Chairman & Founder of Alinean

Top 20 Women to Watch in 2011 by the Sales         Who’s Who in B2B Demand Generation
  Lead Management Assn.
                                                   Parallel entrepreneur
The Vanella Group - Teleservices for Enterprise    Ex-Gartner Managing VP
  Technology Companies
                                                   Alinean - Leading provider of value-based
Delivers customized, strategic teleservices-          interactive content marketing campaigns and
  based lead generation solution to energize the      diagnostic sales tools
  pipeline and become a true partner for
  success.
                                                   Solutions:
Solutions:                                         • Interactive White Papers
• Teleprospecting, identifying active buy-cycles   • Diagnostic Assessment Tools
  for large deals                                  • ROI Calculators & Sales Tools
• Telenurturing, integrating live communication
                                                   • TCO Comparison Tools
  with email or automated communication

Fast Facts:                                        Fast Facts:
 10 Year milestone in 2011                         10 year milestone in 2011
 Pioneering work with enterprise technology        Over 2000 value-focused campaigns
  providers worldwide
 42 Rules of Cold Calling Executives—best
  seller                                                                      © 2011 Alinean, Inc.
                                                                                                     2
A New Buyer Requires New Strategy & Tactics




                                              © 2011 Alinean, Inc.
                                                                     3
Today’s Buyer - More Overloaded

•   Rapidly increasing rate of new information available to buyers
      • Calls 15+ a day
      • Email 200+ a day
• Increase in available channels
  • E-mails, tweets, Internet, webinars, search engines, videos, micro-sites, banner ads,
     newsletters, magazines, demos, white papers, blogs, Facebook, forums, case studies,
     research, advertisements, etc....
• A low signal-to-noise ratio on most messages / campaigns


                                          • 62% of B2B vendors need more leads
                                          in order to generate the same amount
                                          of sales

                                          • 72% indicate an increase in sales cycle
                                          time over the past 6 months

                                          • Over past 5 years, average sales cycle
                                          has become 22% longer (SiriusDecisions)



                                                                            © 2011 Alinean, Inc.
                                                                                                   4
Today’s Buyer – More Empowered


• Buyers do more research independently and online
• Arm themselves with ideas, solution, competitive product knowledge
• Firmly in control of buying process
• Using online vendor content + 3rd party sources / social groups
• Inviting sales later, after set strategy, budget and solution roadmap


                      At Same Time, Perceived Sales Readiness Is
                                    On the Decline


                                                     Not Prepared
                                 Well Prepared
                                                          29%
                                      35%


                                                 Somewhat
                                                  Prepared
                                                     36%
                                                                                   IDC 2010




                                                                    © 2011 Alinean, Inc.
                                                                                              5
Today’s Buyer - More Skeptical

  Internal Events / Triggers Drive Early Stages of Buying Cycle
   Most often
    selected

  3rd Parties such as Peers, Analysts & Trade Pubs Most Influence – Mid / Later Stages



    35%


    30%                                              Internal events/triggers

                                                     Peers
    25%

                                                     Industry analysts
    20%
                                                     Trade publications
    15%
                                                     Search engine results

    10%                                              VARs/Partners


     5%                                              Consultants

                                                     Vendors
     0%
                  Early        Middle   Late
Source: SiriusDecisions 2010
                                                                                © 2011 Alinean, Inc.
                                                                                                       6
Today’s Buyer – More Complex Decision Cycle

       Took more time to research and consider solutions                                                              48%


   Utilized a wider variety of sources to research options                                            36%

Did more detailed analysis of costs/ROI of solution before                                         34%
                  finalizing the process

   More internal team members provided their input into                                      30%
                     decision process

Relied more on live customer feedback/recommendations                           21%

  Fewer internal team members provided their input into                  16%
                     decision process

                                                             Demand Creation Specialists B2B Buyer Survey - 2011
                                                                Multiple Responses Allowed


 • Do More Research From More Sources

 • More Stakeholders, More Financial Due Diligence

 • Taking More Time

                                                                                               © 2011 Alinean, Inc.
                                                                                                                        7
Today’s Buyer – More Frugal & Value Focused

                                         • #1 Reason for NOT Meeting Sales
                                         Quotas – Inability to Communicate Value
                                         Messages (27%) – SiriusDecisions 2010

                                         • Only 38% of sales reps understand the
                                         customer’s issues and can identify how
                                         vendor can help – Forrester 2010




• CFOs responsible for more groups

• Taking control of strategy + buying-
cycle

• More financial due-diligence on all
purchases
                                                                  © 2011 Alinean, Inc.
                                                                                         8
Today’s Buyer – Buyer Frugalnomicus


 •   Size




More Leads to Close Same   Executive Scrutiny     Reduced Deal Size
 Amount of Business
                           Longer Sales Cycles   Increased Competition
More Stakeholders
                               Stalled Deals
                                                         © 2011 Alinean, Inc.
                                                                                9
Top 5 Ways to Connect, Engage & Sell to Cx Level Executives




                                                    © 2011 Alinean, Inc.
                                                                           10
Tip #1: Cut Through the Noise


•   Don’t make your prospect try to figure out the fit
•   One-size-fits-all messaging tunes out prospects
•   Don’t desensitize prospects—Res-ensitize them through point solutions
    for THEIR business
•   Seeking ―tell me more‖ not ―stop talking!‖


•   Ask:
    – Would you listen to YOU?
•   Test the message on yourself
•   Value Added Content / Insights




Greatest resource you already have—your customers            © 2011 Alinean, Inc.
                                                                                    11
Tip #2: Persistence Pays

•   Leads have a shelf life—don’t let them expire
•   Typical exec requires 6+ attempts to reach
•   Most sales teams give up at 3 or less

                                                            3-5 Additional Attempts Needed


                                                   7
                                                   6
                                Calls to Connect




                                                   5
                                                   4
                                                   3
                                                   2
                                                   1
                                                   0
                                                                 Reps                     Execs
                                                       Attempts Required To Connect After Initial Interest

© 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute                                                                      12
                                                                                                             © 2011 Alinean, Inc.
                                                                                                                                         12
Tip #3: Engage at Right Time


  •   Don’t let BANT downgrade good leads
  •   Early engagements make a difference
  •   Richest form of communication—use it early and effectively
  •   Deal size and decision patterns
  •   Effectively hand off the baton—build systemized lead hand-off




© 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute                          13
                                                                 © 2011 Alinean, Inc.
                                                                                             13
Tip #4: Engage with Right Content




                                    © 2011 Alinean, Inc.
                                                           14
Tip #4: The Engagement Path

•   Keep it relevant to their need, not your company
•   Lead them to a conclusion
•   Today’s execs scan info and make connections quickly
•   Don’t drive them away with making it too hard to learn more
•   Build on each step to keep it moving forward




    © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute                          15
                                                                     © 2011 Alinean, Inc.
                                                                                                 15
Tip #5: Appeal to Frugal Buyer

Product Focus                     Solution Focus                   Value Focus
Discussion:                                                         Discussion:
                                  Discussion:
•   Customer knows issue                                             • Prescriptive & Quantified
                                   • Customer knows issues &
•   Tie features / functions to      desired outcome                 • Discover… Is customer
    needs                                                              aware of issue?
                                   • Questions to discover pain
•   Compares product                 points
    alternatives                                                     • Diagnose… How bad is it?

•   Feature • Function • Price     • Recommend solution to           • Quantify … Value of change
                                     solve pain
                                                                     • Compare … Value vs. Status
Drive: Sales Led: Product         Drive: Sales Led: Pain-Point         Quo / Competition
Driven                            Driven
                                                                    Drive: Diagnostic Led: What
                                                                    is issue & value of change?




                                       Solution
        Vendor                                                    Trusted Advisor
                                       Provider                                © 2011 Alinean, Inc.
                                                                                                      16
Tip #5: Value Focus a Requirement, But Gaps Exist




                                Forrester Sales Enablement Forum- 2011




                                                    © 2011 Alinean, Inc.
                                                                           17
Challenges of Connecting and Engaging

•     Reps are challenged:
      • To engage early / being invited later into cycle
      • On average, not outcome / value focused enough
      • Perceived as not adding enough value in sales process
      • Not incented to develop long-term opportunities / short term focus


•     Buyers are challenged:
      • Overloaded: getting a lot of calls, email—all looks/sounds the same
      • Empowered: More information to help drive decisions
      • Skeptical
      • More Complex Decision Cycle – risk adverse / more stakeholders involved
      • Frugal – Bottom-line & Value focused

• Buyers have their own urgent issues and teams to manage
• Conversations are forgotten without proper documentation




    © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute                             18
                                                                        © 2011 Alinean, Inc.
                                                                                                    18
Better Connections & Engagement Yield Significant
       Value
•   Sales lead expert, Mac McIntosh, found that
    • six months after inquiring, 23% of the surveyed subjects had bought the product or
       service, from the promoter or from a competitor.
    • An additional 67% indicated that they still intended to buy but they were not ready.


•   According to Forrester Research, companies that excel at lead nurturing are able to
    generate 50% more sales-ready leads at 33% lower cost per lead.

•   According to CSO Insights, companies that excel at lead nurturing have 9% more sales
    reps make quota, and enjoy a 10% shorter ramp up time for new reps.

•   According to DemandGen Report, nurtured leads produce, on average, a 20 percent
    increase in sales opportunities versus non-nurtured leads.

•   According to IDC, a value focused interactive content & diagnostic tools:
    • Deliver 50% more qualified leads compared to traditional content
    • Reduce sales cycles by 20-30%
    • Reduce discounting / increase deal size by 20%
    • Increase competitive win rate by 60%

    © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute                                      19
                                                                                 © 2011 Alinean, Inc.
                                                                                                             19
Questions?




             © 2011 Alinean, Inc.
                                    20
Next Steps

                    Insights Into Cold Calling


                   42 Rules of Cold Calling Executives




http://www.fightfrugalnomics.com




                                      http://www.alinean.com/faq/



                                                                © 2011 Alinean, Inc.
                                                                                       21
Thank You!




             © 2011 Alinean, Inc.
                                    22

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Top 5 ways to connect engage and sell

  • 1. Powering B2B sales to economic buyers Mari Anne Vanella - CEO/Founder Tom Pisello - Chairman & Founder Twitter: @vanellagroup Twitter: @tpisello Top 5 Ways to Connect, Engage and Sell C- x Level Executives
  • 2. Today’s Speakers Mari Anne Vanella Tom Pisello CEO & Founder of The Vanella Group Chairman & Founder of Alinean Top 20 Women to Watch in 2011 by the Sales Who’s Who in B2B Demand Generation Lead Management Assn. Parallel entrepreneur The Vanella Group - Teleservices for Enterprise Ex-Gartner Managing VP Technology Companies Alinean - Leading provider of value-based Delivers customized, strategic teleservices- interactive content marketing campaigns and based lead generation solution to energize the diagnostic sales tools pipeline and become a true partner for success. Solutions: Solutions: • Interactive White Papers • Teleprospecting, identifying active buy-cycles • Diagnostic Assessment Tools for large deals • ROI Calculators & Sales Tools • Telenurturing, integrating live communication • TCO Comparison Tools with email or automated communication Fast Facts: Fast Facts:  10 Year milestone in 2011  10 year milestone in 2011  Pioneering work with enterprise technology  Over 2000 value-focused campaigns providers worldwide  42 Rules of Cold Calling Executives—best seller © 2011 Alinean, Inc. 2
  • 3. A New Buyer Requires New Strategy & Tactics © 2011 Alinean, Inc. 3
  • 4. Today’s Buyer - More Overloaded • Rapidly increasing rate of new information available to buyers • Calls 15+ a day • Email 200+ a day • Increase in available channels • E-mails, tweets, Internet, webinars, search engines, videos, micro-sites, banner ads, newsletters, magazines, demos, white papers, blogs, Facebook, forums, case studies, research, advertisements, etc.... • A low signal-to-noise ratio on most messages / campaigns • 62% of B2B vendors need more leads in order to generate the same amount of sales • 72% indicate an increase in sales cycle time over the past 6 months • Over past 5 years, average sales cycle has become 22% longer (SiriusDecisions) © 2011 Alinean, Inc. 4
  • 5. Today’s Buyer – More Empowered • Buyers do more research independently and online • Arm themselves with ideas, solution, competitive product knowledge • Firmly in control of buying process • Using online vendor content + 3rd party sources / social groups • Inviting sales later, after set strategy, budget and solution roadmap At Same Time, Perceived Sales Readiness Is On the Decline Not Prepared Well Prepared 29% 35% Somewhat Prepared 36% IDC 2010 © 2011 Alinean, Inc. 5
  • 6. Today’s Buyer - More Skeptical Internal Events / Triggers Drive Early Stages of Buying Cycle Most often selected 3rd Parties such as Peers, Analysts & Trade Pubs Most Influence – Mid / Later Stages 35% 30% Internal events/triggers Peers 25% Industry analysts 20% Trade publications 15% Search engine results 10% VARs/Partners 5% Consultants Vendors 0% Early Middle Late Source: SiriusDecisions 2010 © 2011 Alinean, Inc. 6
  • 7. Today’s Buyer – More Complex Decision Cycle Took more time to research and consider solutions 48% Utilized a wider variety of sources to research options 36% Did more detailed analysis of costs/ROI of solution before 34% finalizing the process More internal team members provided their input into 30% decision process Relied more on live customer feedback/recommendations 21% Fewer internal team members provided their input into 16% decision process Demand Creation Specialists B2B Buyer Survey - 2011 Multiple Responses Allowed • Do More Research From More Sources • More Stakeholders, More Financial Due Diligence • Taking More Time © 2011 Alinean, Inc. 7
  • 8. Today’s Buyer – More Frugal & Value Focused • #1 Reason for NOT Meeting Sales Quotas – Inability to Communicate Value Messages (27%) – SiriusDecisions 2010 • Only 38% of sales reps understand the customer’s issues and can identify how vendor can help – Forrester 2010 • CFOs responsible for more groups • Taking control of strategy + buying- cycle • More financial due-diligence on all purchases © 2011 Alinean, Inc. 8
  • 9. Today’s Buyer – Buyer Frugalnomicus • Size More Leads to Close Same Executive Scrutiny Reduced Deal Size Amount of Business Longer Sales Cycles Increased Competition More Stakeholders Stalled Deals © 2011 Alinean, Inc. 9
  • 10. Top 5 Ways to Connect, Engage & Sell to Cx Level Executives © 2011 Alinean, Inc. 10
  • 11. Tip #1: Cut Through the Noise • Don’t make your prospect try to figure out the fit • One-size-fits-all messaging tunes out prospects • Don’t desensitize prospects—Res-ensitize them through point solutions for THEIR business • Seeking ―tell me more‖ not ―stop talking!‖ • Ask: – Would you listen to YOU? • Test the message on yourself • Value Added Content / Insights Greatest resource you already have—your customers © 2011 Alinean, Inc. 11
  • 12. Tip #2: Persistence Pays • Leads have a shelf life—don’t let them expire • Typical exec requires 6+ attempts to reach • Most sales teams give up at 3 or less 3-5 Additional Attempts Needed 7 6 Calls to Connect 5 4 3 2 1 0 Reps Execs Attempts Required To Connect After Initial Interest © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute 12 © 2011 Alinean, Inc. 12
  • 13. Tip #3: Engage at Right Time • Don’t let BANT downgrade good leads • Early engagements make a difference • Richest form of communication—use it early and effectively • Deal size and decision patterns • Effectively hand off the baton—build systemized lead hand-off © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute 13 © 2011 Alinean, Inc. 13
  • 14. Tip #4: Engage with Right Content © 2011 Alinean, Inc. 14
  • 15. Tip #4: The Engagement Path • Keep it relevant to their need, not your company • Lead them to a conclusion • Today’s execs scan info and make connections quickly • Don’t drive them away with making it too hard to learn more • Build on each step to keep it moving forward © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute 15 © 2011 Alinean, Inc. 15
  • 16. Tip #5: Appeal to Frugal Buyer Product Focus Solution Focus Value Focus Discussion: Discussion: Discussion: • Customer knows issue • Prescriptive & Quantified • Customer knows issues & • Tie features / functions to desired outcome • Discover… Is customer needs aware of issue? • Questions to discover pain • Compares product points alternatives • Diagnose… How bad is it? • Feature • Function • Price • Recommend solution to • Quantify … Value of change solve pain • Compare … Value vs. Status Drive: Sales Led: Product Drive: Sales Led: Pain-Point Quo / Competition Driven Driven Drive: Diagnostic Led: What is issue & value of change? Solution Vendor Trusted Advisor Provider © 2011 Alinean, Inc. 16
  • 17. Tip #5: Value Focus a Requirement, But Gaps Exist Forrester Sales Enablement Forum- 2011 © 2011 Alinean, Inc. 17
  • 18. Challenges of Connecting and Engaging • Reps are challenged: • To engage early / being invited later into cycle • On average, not outcome / value focused enough • Perceived as not adding enough value in sales process • Not incented to develop long-term opportunities / short term focus • Buyers are challenged: • Overloaded: getting a lot of calls, email—all looks/sounds the same • Empowered: More information to help drive decisions • Skeptical • More Complex Decision Cycle – risk adverse / more stakeholders involved • Frugal – Bottom-line & Value focused • Buyers have their own urgent issues and teams to manage • Conversations are forgotten without proper documentation © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute 18 © 2011 Alinean, Inc. 18
  • 19. Better Connections & Engagement Yield Significant Value • Sales lead expert, Mac McIntosh, found that • six months after inquiring, 23% of the surveyed subjects had bought the product or service, from the promoter or from a competitor. • An additional 67% indicated that they still intended to buy but they were not ready. • According to Forrester Research, companies that excel at lead nurturing are able to generate 50% more sales-ready leads at 33% lower cost per lead. • According to CSO Insights, companies that excel at lead nurturing have 9% more sales reps make quota, and enjoy a 10% shorter ramp up time for new reps. • According to DemandGen Report, nurtured leads produce, on average, a 20 percent increase in sales opportunities versus non-nurtured leads. • According to IDC, a value focused interactive content & diagnostic tools: • Deliver 50% more qualified leads compared to traditional content • Reduce sales cycles by 20-30% • Reduce discounting / increase deal size by 20% • Increase competitive win rate by 60% © 2011 The Vanella Group, Inc. Proprietary | Do Not Distribute 19 © 2011 Alinean, Inc. 19
  • 20. Questions? © 2011 Alinean, Inc. 20
  • 21. Next Steps Insights Into Cold Calling 42 Rules of Cold Calling Executives http://www.fightfrugalnomics.com http://www.alinean.com/faq/ © 2011 Alinean, Inc. 21
  • 22. Thank You! © 2011 Alinean, Inc. 22