The Big Shift in Digital Selling: 3 Ways AI-Guided Selling Boosts B2B Sales Success | Martech Edge | Best News on Marketing and Technology
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The Big Shift in Digital Selling: 3 Ways AI-Guided Selling Boosts B2B Sales Success

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The Big Shift in Digital Selling: 3 Ways AI-Guided Selling Boosts B2B Sales Success

The Big Shift in Digital Selling: 3 Ways AI-Guided Selling Boosts B2B Sales Success

James Frampton

Published on : Dec 18, 2024

In today’s business-to-business (B2B) landscape, buyers are more connected and self-sufficient than ever, leveraging extensive resources and digital tools to make informed decisions independently. This shift means they often have access to the information they need before even engaging with a sales rep.

However, despite the buyers’ increasing autonomy, sales reps find themselves spending a significant portion of their time – 43 hours per month, or 25 percent of their working hours according to Aberdeen Group – searching for relevant information. This time could otherwise be spent directly engaging with prospects and customers.

The challenge for businesses is to streamline access to information and optimize the sales process, ensuring that sales reps can operate more efficiently and focus on building meaningful relationships rather than hunting for data.

How AI-Guided Selling Meets the Needs of Today’s B2B Buyers
B2B buyers take more control of their purchasing decisions. They research, create product lists, and set their requirements before engaging with sales reps. This helps to explain why, if a sales rep gets through to them, they expect clear, concise recommendations tailored to their needs. For a sales rep, these expectations are difficult, if not impossible, to meet with traditional “gut feel” selling.

The rise of artificial intelligence (AI) has sparked a revolutionary transformation in B2B sales through the introduction of guided selling. It moves away from traditional sales methods that depend heavily on manual input to digital selling that utilizes both external and internal sources to create a personalized guide for each sales transaction using AI.

Three Ways AI-Guided Selling Drives B2B Sales Success in the Digital Era
One prominent industry analyst firm predicts that by 2025, 75 percent of B2B sales organizations will augment traditional sales playbooks with AI-guided selling solutions. In addition, companies that utilize them experience 30 percent higher conversion rates than those that don’t.

1. Invaluable conversations with prospects. With the help of predictive analytics and a vast amount of data, sales teams can gain valuable insights into each potential customer’s specific needs and challenges – giving purpose behind the conversations. Equipped with this knowledge, salespeople can lead discussions with greater clarity and relevance, ensuring that every interaction is purpose-driven and tailored to meet the prospect’s requirements.

Still, guided selling is more than just making a sale. It involves cultivating lasting relationships by predicting the needs of potential customers and tailoring the customer experience to their preferences, so sales professionals can become trusted advisors and offer solutions that genuinely address the challenges faced by prospects.

By focusing on selling solutions rather than products, guided selling speeds up the decision-making process. It ensures that the sales pitch is aligned with the prospect’s pain points, clearly understanding their challenges and presenting a compelling resolution.

2. Reactive to proactive sales strategy. Before guided selling, B2B sales teams would react to customer demands and market changes as they happened. Nowadays, successful sales teams have adopted a proactive strategy by anticipating market trends and customer needs before they arise. This approach enables salespeople to take advantage of opportunities rather than just reacting.
 
Sales teams can use guided selling with predictive analytics to access accurate sales forecasts on multiple fronts. These forecasts include customer behavior analysis, product performance predictions, and revenue projections. This predictive insight enables sales professionals to customize their strategies, allocate resources effectively, and make data-driven decisions to optimize sales outcomes. Predictive analytics can help sales organizations stay ahead of market trends, improve their competitive edge, and promote long-term growth.
 
3. Data-driven up-selling and cross-selling. Extracting vital information from your databases offers sales teams a clear and comprehensive understanding of each customer’s journey. These insights go beyond transactional data, including retrospective purchasing patterns, seasonal trends, and product preferences. This deeper knowledge empowers salespeople to tailor their outreach, anticipate customer needs, and forge more meaningful connections, ultimately resulting in increased customer satisfaction and higher sales conversions.

With guided selling sales teams fully utilize their tech infrastructure, giving them a better understanding of their customer buying behavior. Unlike generic recommendations, sales teams can provide customers with specific information about what they may need and why. It uses these data-driven insights to identify personalized up-selling and cross-selling opportunities. Without it, offering products randomly may result in missing out on significant revenue. Guided selling identifies opportunities precisely, ensuring recommendations align with customer preferences.

Guided Selling: Leveraging Existing Accounts for Repeat Sales
Guided selling is designed to make every sales call more personal and profitable, enabling sales professionals to clearly identify and target high-quality sales opportunities within their current customer base. Equipped with customer buying behavior alerts, salespeople can make insightful, personalized, quick business decisions, realizing repeat sales, reduced customer attrition and maximized profit margins as a result.


James Frampton

As Chief Revenue Officer, James is a veteran of the technology arena, with over 23 years of ERP, CRM and IT Service Management experience. At Sugar, he is responsible for overseeing all aspects of sales, marketing, and service for the region. His most recent role was at Saba, a leading talent management company, where he spearheaded the Go-To-Market functions across the EMEA region. While there, he was also a key member of the leadership team integrating two major acquisitions, with the business seeing growth from 80 to 500+ employees.

Throughout his career, James has been the executive sponsor for deployments of Salesforce.com and has witnessed firsthand the frustration in his own teams due to complexity and a lack of usability. As a result, he is passionate about evangelizing Sugar’s next-generation CX capabilities that create customers for life.