It’s not polite to speak ill of the dead but when it comes to cold calling, it’s a practice we’re not sad to see become extinct. In fact, 97% of cold calls are ineffective and 70% of exec-level buyers state that sales people on calls are unprepared to answer the questions they ask.
We’re in the age of story-selling – not a new concept, but one that becomes more important as we become more reliant on social media and search. The savvier we are online, the more equipped we are at researching and making that purchasing decision. The disruptive ‘out of the blue’ sales call doesn’t work any longer. We don’t like to feel we’re being ‘sold to’, and we don’t like to feel like we’re uninformed, or even speak to someone who’s uninformed. We know how to get the information we want – isn’t that right, Google?
Story-selling is a subtler way of making that sale. It’s about providing value and engaging a prospect over time – by answering questions and providing interesting content, in a logical sequence – until the person is ready to make a purchase.
Unlike cold calling which needed marketing and PR’s help to boost the top of the sales funnel (in the awareness and understanding of a brand), story-selling needs marketing and PR to help influence the buyer throughout the full sales cycle. For example, a sales person could be about to close, but then the customer sees a bad Google Review and decides against it. Or a customer could be hesitant and needs gentle nudges through thought leadership content to be further convinced and move further down the sales funnel.
Good marketing and sales alignment goes all the way down the funnel from top to bottom. Many marketers have the top end in check – generating awareness for their organisation and passing the sales team Marketing Qualified Leads (MQLs).
But, how can marketers ensure they’re still influencing the customer until the sale is made?
How can marketing and PR influence the full sales funnel
1. Stay on top of the company’s digital reputation
At any point in the sales funnel, and often nearing the point of making a decision, customers will Google you. I mean even when you’re being told a story in your personal life – like watching Making a Murderer on Netflix – we still feel the need to check the facts by Googling during the TV show.
Marketers should keep track of what appears on page one (especially) and pages two and three of Google. Is there anything that could hinder a sale, such as a bad review or a damning article? If so, marketers should have a strategy in place that looks to displace negative content.
The long-term solution to digital reputation challenges will include both places where you can control your content (Twitter, LinkedIn, SlideShare, etc.) and sites classified as News/Expert Authority. The latter is much harder to influence but this is where PR excels due to its inherent understanding of storytelling, engaging experts and developing messaging that resonates with various audiences.
2. Feed insights to the sales team
How much internal dialogue happens between the sales team and marketing? This should be regular and marketing can take the lead by feeding the sales team with thoughtful content and insights. And in fact, having the sales team pushing out content means that marketers unleash a social army that has considerably more reach than it could ever hope to achieve just through its own social channels.
A great example of this working well is with one of our clients Cornerstone. Every week, Firefly compiles a newsletter with a selection of industry stories, blogs and insight on the competition. We continually refine the way we select content by analysing popular and effective content through trackable links. This gives the right context to the story our client is selling.
3. Interact with even more tailored thought leadership content
We all know that pushy sales tactics don’t get anyone very far – it’s about being consultative and this is where PR and sales need to be more aligned. Do marketers know which questions come up time and time again? Do they know which content prompts a response?
As much as marketers should feed sales with insights, sales must do the same. Marketers need this understanding to develop tailored ‘persuasion’ content, especially for a high value lead. It’s worth the high effort. Everyone wants a Disney ending!
4. Get in it, to win it
The mature story-sellers on your team will understand the importance of building and maintaining their social profile to give the ‘story’ personality. But some may not, and the marketers who are at the forefront of digital technology need to educate and support the sales team when it comes to the potential of social media. For the sales team, it’s about making it personal and relevant, and not relying on a company’s social presence to feed the sales funnel.
With this army of story-sellers, it’s also important to all align. This means looping in sales at the start of message development because they need to be authentic when speaking to prospects. ‘Plugging’ a message that’s been given to them by marketing may not be as effective as a message that they bought into early in the process.
5. Build, listen, build more, listen, build even more
Story-selling is just as much about listening. That’s really listening to what a prospect is saying, but also how they’re behaving and engaging with you. Sales and marketing need to work together to build conversations and help each other keep track of each stage. A customer won’t want to start explaining everything over and over again. Continuity in story-selling is so important.
Likewise, if you begin to feel like you are shoe-horning in your ‘solution’ to their issue, then it’s time you re-evaluate your proposition. You can’t build on a conversation if it’s off to a wonky start.
We live in a time where we are resourceful and make decisions on our own terms. The instructive nature of a cold call is long dead and this new sales environment is perfect for marketing and PR to thrive. However, it will only flourish if marketing and sales teams change working practices in order to be more closely aligned.