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WHAT CUSTOMERS WANT:
THE CHANGING BUYING JOURNEY
  AND HOW TO PREPARE FOR IT




        KRISTIN ZHIVAGO
           REVENUE COACH
You are HERE
   How can we:
              Become customer-centric, convince C’s
              Create (and manage) relevant content
              Profit from industry shifts
              Realize revenue from social media – and
               all marketing efforts
              Get them to buy from us

#Fusionmex                      May 2, 2012   Antwerp,
@KristinZhivago   2
We are HERE




             Brilliant. Helpful. But…
#Fusionmex               May 2, 2012   Antwerp,
@KristinZhivago   3
They are HERE.
        Your specific customers.




#Fusionmex                  May 2, 2012   Antwerp,
@KristinZhivago   4
3
Evolution

                      2



     1
                          1.          We sent them info
                          2.          They found info
                          3.          They found each other
#Fusionmex                     May 2, 2012       Antwerp,
@KristinZhivago   5
Before




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   6
After




#Fusionmex                May 2, 2012   Antwerp,
@KristinZhivago   7
BUYER TOOLS




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   8
The Customer Community




#Fusionmex                 May 2, 2012   Antwerp,
@KristinZhivago    9
WHO NEEDS SALESPEOPLE?




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   10
NEW POSITION:
 BUYER SUPPORT REP




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   11
WHAT DO BUYERS
            WANT FROM
             SELLERS?


#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   12
HONEST ANSWERS
     • Who are you? Specifically?
     • What can you do that no one else can do?
     • What have others thought of you?
     • What’s going to happen to me after I buy?




#Fusionmex                 May 2, 2012   Antwerp,
@KristinZhivago   13
Honest answers




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   14
#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   15
#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   16
Why are honest
   answers so important



#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   17
The Dreaded White Board Syndrome




      An example of a “critical characteristic”
#Fusionmex               May 2, 2012   Antwerp,
@KristinZhivago   18
As BUYERS, you have experienced:
     Can’t find it
     Copy doesn’t apply to you
     Can’t find answers on
      sites, in stores
     Shopping cart is broken
     Buyer’s remorse – company doesn’t
      live up to its promises after the sale

#Fusionmex              May 2, 2012   Antwerp,
@KristinZhivago   19
Let say I am a home-based business wit a wir ess phone.
                         ’s                                 h      el
                                        I have come t Ver
                                                     o izon.com t pay my bil.
                                                                  o          l
                                                  W am I supposed t cl on?
                                                   hat                o ick



#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   20
What if I
                                                j want
                                                ust
                                                to buy a
                                                 watch?




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   21
#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   22
#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   23
#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   24
Why is it so difficult for
           companies to become
             Customer-Centric




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   25
Me        Companies:
             No Customers Allowed




#Fusionmex             May 2, 2012   Antwerp,
@KristinZhivago   26
Misleading sources of data
          Salespeopl
                   e        No one tells a salesperson what they’re really thinking when
                            they’re being sold to; salespeople don’t think in trends

         Social M ed ia     Situation-specific; doesn’t uncover the buying process and
                            decision tradeoffs; can magnify less-important issues

        Focus Groups        Dominators vs. wall flowers; dominator can change perceptions;
                            participants withhold information; top influencers never attend

             Surveys        Questions are based on assumptions about what they want and
                            how they buy; you never uncover nuances

           3rd Parties      Doesn’t uncover perceptions of YOUR company and YOUR
                            products and YOUR salespeople and YOUR customers.




         Best source: Your own customers
#Fusionmex                                    May 2, 2012   Antwerp,
@KristinZhivago        27
There IS hope




#Fusionmex                   May 2, 2012   Antwerp,
@KristinZhivago   28
What Customers Have Taught Me
                           You can reverse-engineer
                              your current sales,
                        to create new sales in quantity.

                  Your current customers will teach you
                         how to sell to new customers,
                       if you ask them the right questions
                                in the right way,
                         then act on what they tell you.
                             You can stop guessing.
#Fusionmex                             May 2, 2012   Antwerp,
@KristinZhivago   29
The “buyer’s journey”
      They ask certain questions in a
       certain order.

      They have a buying process

      If you map it out – you will be able
       to support them at every step

      They will buy if you answer their
       questions, at every step

      If you guess, you will lose




#Fusionmex                         May 2, 2012   Antwerp,
@KristinZhivago   30
The Buying Process Scrutiny Spectrum

    Light         See it   Buy it
    Scrutiny


    Medium                 Ask      Buy it
                  See it
    Scrutiny               ????


                           Ask
    Heavy                           Involve     Involve       Test      Sign
                  See it   ???
    Scrutiny                        Others       Sales        Drive   Contract
                           ???

                            Ask
    Intense                         Involve     Involve       Test      Sign    Get
                  See it   ?????
    Scrutiny                        Others       Sales        Drive   Contract Married
                           ?????


                  Where are you on the spectrum?
#Fusionmex                               May 2, 2012   Antwerp,
@KristinZhivago   31
Customer-Centric Leadership
                        You can bring the customer into the
                         organization


                        You can know what they want from
                         your company and products,
                         specifically


                        You can start making it easier for
                         them to find you, like what they
                         see, and buy from you


                        You can bring in more revenue
                         using what you’ve learned here –
                         and from them.

#Fusionmex               May 2, 2012   Antwerp,
@KristinZhivago   32
My autistic brother, Michael,about to give me a “Big Hug.”
                   This is how we should be approaching our customers.
                                   Welcomig. Loving. Caring.


#Fusionmex                                May 2, 2012   Antwerp,
@KristinZhivago   33
Thank you

                                                         Kristin Zhivago
                                          Zhivago Management Partners, Inc.
                                                            401-423-2400
                                                      kristin@zhivago.com
                                                   Blog: RevenueJournal.com
                                                        Site: Zhivago.com
                                                      Twitter: @KristinZhivago
                                                      LinkedIn: KristinZhivago

                                                Book: RoadmapToRevenue.com




                                                          Book Excerpts:
                  Buying Process Map Guidance – Light, Medium, Heavy, and Intense RoadmapToRevenue.com/Resources



#Fusionmex                                                  May 2, 2012    Antwerp,
@KristinZhivago          34

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What customers want: the changing buying journey and how to prepare for it

  • 1. WHAT CUSTOMERS WANT: THE CHANGING BUYING JOURNEY AND HOW TO PREPARE FOR IT KRISTIN ZHIVAGO REVENUE COACH
  • 2. You are HERE How can we:  Become customer-centric, convince C’s  Create (and manage) relevant content  Profit from industry shifts  Realize revenue from social media – and all marketing efforts  Get them to buy from us #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 2
  • 3. We are HERE Brilliant. Helpful. But… #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 3
  • 4. They are HERE. Your specific customers. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 4
  • 5. 3 Evolution 2 1 1. We sent them info 2. They found info 3. They found each other #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 5
  • 6. Before #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 6
  • 7. After #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 7
  • 8. BUYER TOOLS #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 8
  • 9. The Customer Community #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 9
  • 10. WHO NEEDS SALESPEOPLE? #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 10
  • 11. NEW POSITION: BUYER SUPPORT REP #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 11
  • 12. WHAT DO BUYERS WANT FROM SELLERS? #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 12
  • 13. HONEST ANSWERS • Who are you? Specifically? • What can you do that no one else can do? • What have others thought of you? • What’s going to happen to me after I buy? #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 13
  • 14. Honest answers #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 14
  • 15. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 15
  • 16. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 16
  • 17. Why are honest answers so important #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 17
  • 18. The Dreaded White Board Syndrome An example of a “critical characteristic” #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 18
  • 19. As BUYERS, you have experienced:  Can’t find it  Copy doesn’t apply to you  Can’t find answers on sites, in stores  Shopping cart is broken  Buyer’s remorse – company doesn’t live up to its promises after the sale #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 19
  • 20. Let say I am a home-based business wit a wir ess phone. ’s h el I have come t Ver o izon.com t pay my bil. o l W am I supposed t cl on? hat o ick #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 20
  • 21. What if I j want ust to buy a watch? #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 21
  • 22. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 22
  • 23. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 23
  • 24. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 24
  • 25. Why is it so difficult for companies to become Customer-Centric #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 25
  • 26. Me Companies: No Customers Allowed #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 26
  • 27. Misleading sources of data Salespeopl e No one tells a salesperson what they’re really thinking when they’re being sold to; salespeople don’t think in trends Social M ed ia Situation-specific; doesn’t uncover the buying process and decision tradeoffs; can magnify less-important issues Focus Groups Dominators vs. wall flowers; dominator can change perceptions; participants withhold information; top influencers never attend Surveys Questions are based on assumptions about what they want and how they buy; you never uncover nuances 3rd Parties Doesn’t uncover perceptions of YOUR company and YOUR products and YOUR salespeople and YOUR customers. Best source: Your own customers #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 27
  • 28. There IS hope #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 28
  • 29. What Customers Have Taught Me You can reverse-engineer your current sales, to create new sales in quantity. Your current customers will teach you how to sell to new customers, if you ask them the right questions in the right way, then act on what they tell you. You can stop guessing. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 29
  • 30. The “buyer’s journey”  They ask certain questions in a certain order.  They have a buying process  If you map it out – you will be able to support them at every step  They will buy if you answer their questions, at every step  If you guess, you will lose #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 30
  • 31. The Buying Process Scrutiny Spectrum Light See it Buy it Scrutiny Medium Ask Buy it See it Scrutiny ???? Ask Heavy Involve Involve Test Sign See it ??? Scrutiny Others Sales Drive Contract ??? Ask Intense Involve Involve Test Sign Get See it ????? Scrutiny Others Sales Drive Contract Married ????? Where are you on the spectrum? #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 31
  • 32. Customer-Centric Leadership  You can bring the customer into the organization  You can know what they want from your company and products, specifically  You can start making it easier for them to find you, like what they see, and buy from you  You can bring in more revenue using what you’ve learned here – and from them. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 32
  • 33. My autistic brother, Michael,about to give me a “Big Hug.” This is how we should be approaching our customers. Welcomig. Loving. Caring. #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 33
  • 34. Thank you Kristin Zhivago Zhivago Management Partners, Inc. 401-423-2400 kristin@zhivago.com Blog: RevenueJournal.com Site: Zhivago.com Twitter: @KristinZhivago LinkedIn: KristinZhivago Book: RoadmapToRevenue.com Book Excerpts: Buying Process Map Guidance – Light, Medium, Heavy, and Intense RoadmapToRevenue.com/Resources #Fusionmex May 2, 2012 Antwerp, @KristinZhivago 34