The Secrets of B2B Prospecting: Unlock the Mysteries of a Successful Sale
What Is B2B Prospecting? How to Define Your B2B Prospecting Strategy The Best B2B Prospecting Tactics and Tools B2B Prospecting- The Driving Factor
B2B prospecting is essential to grow your business: without an efficient sales funnel to generate fresh sales, your company will go out of business. Acquiring new customers is becoming harder by the day, as leads and prospects are increasingly bombarded with sales approaches and offers.
In this hyper-competitive environment, your prospecting strategy must be carefully thought out, and your sales team should be equipped with the right tools. So, what are the best techniques to attract leads and qualify prospects? Learn more about B2B sales prospecting and how to prospect for sales with our guide!
If you really want to go into depth about B2B prospecting, especially in the digital age, you can click here to read this ebook, “How to Succeed in Sales Prospecting in the Age of Buyer Empowerment”, that covers everything about it.
How to Succeed in Sales Prospecting in the Age of Buyer EmpowermentClick Here!
What Is B2B Prospecting?
Sales prospecting is the process of identifying potential customers or leads, reaching out to them and nurturing your prospects to convert them into a sale.
The goal of sales prospecting is to:
- create and maintain a lead database using lead generation strategies
- qualify leads, in other words determine whether those leads could be viable prospects
- nurture prospects to convert them into new customers
Although B2B and B2C prospecting share the same objectives, B2B businesses face different challenges and have specific ways and tools to facilitate B2B sales.
The Challenges of B2B Prospecting
Selling to B2B buyers entails its own set of challenges to overcome for your sales reps.
- The B2B sales prospecting process is often longer than B2C, companies need to make sure all the decision-makers are on the same page before making a purchase decision.
- In the case of more complex or larger businesses, it can be difficult to determine who is in charge of making the decision, meaning your business could have trouble finding the right contact within the target company, therefore limiting its access to prospects.
- B2B prospects often require a more personalized approach: their needs are more specific, thus concluding a B2B sale will take more time and effort. However, they also tend to place larger orders and be more loyal customers.
How to Define Your B2B Prospecting Strategy
To ensure sales prospecting is conducted effectively, you should first define a coherent prospecting strategy. In other words, you will need to build a comprehensive prospecting plan before reaching out to your prospects.
Follow the steps below to create your own prospecting plan.
1. Set Sales Objectives
Before taking any action or undertaking any prospecting, you should first ask yourself what objectives you want to achieve. These goals will help you give an orientation to your sales teams, track your progress, and take corrective action if necessary.
To be effective, these objectives should be SMART goals, meaning:
- Specific or Simple
For example, you could set goals such as :
- Growing revenue
- Raising the share of new customers relative to your customer base
- Converting a set proportion of prospects into customers (conversion rate)
- Gaining new customers in specific geographic zones
2. Define Your Target Profile
Customer segmentation, or the process of dividing your target audience into related groups, is essential in B2B marketing. In order to adopt a more personalized strategy and more effective sales approaches, you need to understand what types of companies your business should target.
You should be asking yourself questions like:
- In what sector does the target company operate?
- What’s their revenue or margin?
- Where are your prospects located?
These should help you define your segmentation criteria, and in turn, understand the needs of your target on a deeper level. If your business is already established, use your existing customer database to gain insights into your ideal client portfolio.
3. Choose Your Prospecting Channels
Now that you know who your prospects are and why you want to target them, it’s time to think about how to launch a successful prospecting campaign.
Just like with marketing or sales strategies, this means picking which prospecting channels to use during your prospecting campaign. These should be in line with:
- Your budget: if it’s limited, focus on prospecting channels with the best ROI. If not, launch an omnichannel campaign to maximize your outreach.
- Your target audience: use the channels your audience is most likely to use or the one prospects would prefer to be contacted through and where you can find easily their intent data.
- Your objective: they should help you project the right image to your prospects and reach the right goals.
4. Write Your Sales Pitch
In order to entice your leads and convince your prospects to make the jump and adopt your product or service, you should develop a set of convincing arguments to explain how your solution will best suit their needs and solve their problems.
Same as door-to-door selling or any other sales pitch, this sales pitch should focus on bringing solutions to your prospects’ pain points, countering their objections and hesitations and highlighting your USP.
If you have taken the time to define your target profile, thinking about their needs and motives should come naturally to you.
5. Nurture Your Leads
Acquiring a sizable list of potential customers is the first step, but it’s not the end goal. To convert leads into prospects and later customers, your sales team will need to provide value and establish a lasting bond with your prospective customers.
This means delivering the right information, at the right time, to the right prospect. But how can you be sure to not waste your time and only focus on the most qualified leads? Solutions exist to make follow-up, lead nurturing and lead scoring easier. Keep reading for our picks of the best tools and techniques for B2B prospecting.
The Best B2B Prospecting Tactics and Tools
Here are 5 of the best B2B prospecting methods you can use to generate and nurture leads.
Sales intelligence solutions provide a great set of tools to fulfill the needs of B2B businesses. Prospecting efforts and lead generation can be easier if you have relevant information about target companies, so you don’t have to spend hours looking for their information and contact details.
🛠 Zoominfo is one of the best sales intelligence solutions. Thanks to its precise data, your sales reps can easily identify, engage and close decision-makers. They have the world's leading business database with 95M+ company profiles, 63M+ direct dials, 100M+ direct emails, and 4.3M+ C-level contacts. Also with ZoomInfo, your CRM and Marketing Automation data will always be accurate and up to date.
Phone prospecting is a quick way to approach prospects. Due to its ease of use, it is often one of the preferred methods of outbound B2B prospecting.
However, this lead generation tactic can be seen as annoying and cold calling can take up a large portion of your prospecting team’s time, without delivering great results if your leads are not qualified enough. Sales intelligence can help you find leads that are relevant to your activity with their B2B lead databases.
🛠 To avoid losing valuable time making phone calls, use call center software such as Ringover. It greatly increases the efficiency of your phone campaigns by integrating analytics tools to monitor the performance of your sales teams. CRM integration makes it possible to access data about prospects to deliver personalized care and update their information during a call.
Inbound Marketing Techniques
Inbound marketing is designed to arouse interest and engage leads upstream of the sales funnel. By creating valuable content, your company can capture the most qualified leads to your website and raise brand awareness.
Blogging, writing whitepapers or holding webinars are great ways to connect with your potential customers and get them interested in your offer. Inbound marketing takes time, but it can allow you to be one step ahead of the competition by targeting future prospects at an early stage.
The leads generated by a successful content marketing campaign are more qualified and easier to convert, as they have shown previous interest in your company and have already benefited from your expertise and been exposed to your values.
Emailing campaigns can be a great way to reach out to a wide array of leads in one click. But collecting emails can be tricky, and databases purchased online sometimes contain irrelevant addresses that could end up flagging your campaign as phishing.
To best use emails, think of it as a tool that’s a step in your sales funnel: you can leverage email marketing to nurture your prospects and convert them into customers by pushing relevant content and valuable advice in their inboxes.
🛠 Marketing automation software like Charts Guru can turn your email campaigns into a powerful nurturing tool. Enticing email templates associated with email scheduling mean you can design scenarios to guide prospects through each stage of the sales process. Thank them after they’ve signed up for an offer, or push personalized content after they’ve shown interest in one of your products.
Social selling is using social media to promote your value proposition. Professional social networks regrouping companies are ideal for B2B businesses, with LinkedIn being the website of choice for most B2B sellers to reach out to prospects.
However, be careful not to seem disingenuous and only interested in concluding a sale: your communication should showcase your professional skills and knowledge, not just your latest offer. Answer questions and provide advice to people. You could share your expertise on websites such as Quora for example.
B2B Prospecting- The Driving Factor
Let’s face it, B2B prospecting requires effort and dedication. However, new technologies and SaaS solutions can help your sales team deliver great results and achieve their sales objectives without wasting valuable time.
Come up with a comprehensive prospecting plan to get started in the right direction, and leverage the power of prospecting tools such as sales intelligence or marketing automation to streamline your sales process.
Is your business already taking advantage of the opportunities offered by smart B2B prospecting solutions? Embrace the digital transformation to convert B2B prospects into sales, and you’ll be on your way to success!
How to Succeed in Sales Prospecting in the Age of Buyer EmpowermentClick Here!