Building a business-to-business (B2B) sales strategy is incredibly challenging. Unlike consumers, your fellow businesses come armed with lots of in-depth questions and expectations. Most wonât buy after a handful of interactions.
B2B companies can expect months of back-and-forth as they work towards the final sale.
Your B2B sales strategy helps you survive these long sales cycles, fierce competition, and the challenges of lead generation.
But as the market continues to change, your strategies must be up to date (using the latest technologies and trends). Below, we cover the best B2B sales strategies and why theyâre so effective.
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In this article:
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- What is a B2B Sales Strategy?
- Why Your B2B Sales Strategy Matters
- 10 Best B2B Sales Strategies
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What is a B2B Sales Strategy?
A B2B sales strategy is your action plan for selling to other companies. It covers everything from generating leads to converting them into buyers.
Completing a single sale without a strategy isnât so hard. However, when youâve got hundreds of prospects or leads, your strategy helps create a coherent, structured approach that guarantees the best results.
Like all sales strategies, in B2B, you should be guided by your customersâ needs. However, B2B buyers are much more discerning than consumers.
Decisions arenât personal or motivated by emotion; theyâre deeply rational, analysing different options for the product or service that delivers the best results.
Letâs explore some key differences:
- B2B buyers seek tailored solutions for business needs; B2C consumers prioritise personal preference.
- B2B requires detailed information and ROI demonstration; B2C focuses more on brand and emotion.
- B2B buyers prefer a consultative sales approach; B2C sales can require less interaction.
- B2B involves multiple decision-makers; B2C often has a single decision-maker.
- B2B prioritises long-term relationships with ongoing support; B2C may not require the same post-purchase engagement.
- B2B buyers look for customisation and flexibility; B2C buyers are often satisfied with standardised products.
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Why Your B2B Sales Strategy Matters
The B2B sales cycle is getting longer â in fact, over the past 5 years, itâs increased by 22%. Why? Because businesses are becoming fastidious in their buying habits â consuming more content, weighing up their options, and getting more sceptical about a businessâs claims.
Little wonder, considering the shift to online sales. By removing the human element, B2B companies must work twice as hard to create a sales strategy that speaks through the screen. Indeed, 52% of buyer decisions are finished before they ever contact your sales team. The rest is a formality.
A robust, successful B2B sales strategy, therefore, must not only include your online presence but also targeted content that addresses buyerâs questions, pain points, and concerns. Itâs about building trust, a buyer-seller relationship, and demonstrating your companyâs expertise and reliability.
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10 Best B2B Sales Strategies
- Listen To Your Customer
- Use a Customer Relationship Management (CRM) System
- Cut out the Middlemen
- Identify the Decision-makers
- Devise a Mutual Action Plan
- Build a Digital B2B Sales Room
- Create Content for Every Step of the B2B Buyerâs Journey
- Collect Feedback About Your Strategies
- Score Your Leads
- Automate Your Admin
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1. Listen To Your Customer
Modern B2B buyers are more technically savvy than ever. That means they expect most of the buyerâs journey to happen online.
The problem: the digital space is often impersonal and distant.
The solution: hyper-personalised marketing across multiple touch points. The best B2B sales strategies constantly analyse new leads for behaviour and intent to identify what they want. That could even include using predictive and prescriptive analytics.
However, you should also listen and track how customers respond to your questions and content. Ask open questions at first to gauge their responses before closing in on the details.
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2. Use a Customer Relationship Management (CRM) System
Collecting and analysing all this customer information is a challenge. Thatâs where a CRM system comes in. You can track all your customers in a single database â identifying where they are in the sales funnel.
Itâll also help you see how many times youâve been in touch and any pending issues. Different CRMs come with a lot of different features, so find the best system for you.
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3. Cut out the Middlemen
Too often, B2B salespeople get a single lead at a company and stick with it. This person becomes their door to a sale â the gatekeeper. No matter how great the business relationship is, itâs not a great B2B sales strategy.
You should develop numerous contacts within the business youâre targeting. That means youâre not reliant on a single point of contact.
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4. Identify the Decision Makers
(Building on point #3) Itâs not just about building multiple contacts within a company; itâs about identifying the core decision-makers. After all, theyâre the individual ultimately responsible for buying or rejecting your pitch.
Remember, if youâre not making a pitch to a decision-maker, youâre not really making a pitch. You rely on the individual youâre speaking to (the middleman) to convey your message succinctly.
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5. Devise a Mutual Action Plan
The problem most B2B sales strategies have is simple: one side is doing all the work. The seller is pushing and pushing for a sale; meanwhile, the buyer has little to no investment.
Mutual action plans (MAPS) solve this issue by aligning the seller and buyerâs objectives and processes. In a well-structured MAP, you should have a complete roadmap leading to the sale. That includes milestones, a timeline, assigned responsibilities, communication channels, and any other information.
With both parties clear about whatâs expected, it not only fosters a sense of partnership and trust (the foundation of any sale) but also holds both sides accountable.
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6. Build a Digital B2B Sales Room
Gartner predicts that by 2025, 80% of B2B sales interactions will occur in digital channels. But if thatâs email or some other cumbersome communication channel, youâre in for a headache (and a lot of lost deals).
Instead, build a digital B2B sales room where you help guide a buyer toward a sale from their first interaction to their last. Trumpetâs âpods,â for instance, are hyper-personalised using information in your CRM. Theyâll welcome your buyer and provide the information theyâre looking for in a single microsite.
Moreover, through videos, product demos, competitor analysis, and, yes, mutual action plans, theyâll funnel your prospects toward the final sale. We even integrate eSignatures, so you can sign the deal on the virtual dotted line.
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7. Create Content for Every Step of the B2B Buyerâs Journey
Blog posts are fantastic. Theyâre a bitesize chunk of information introducing a buyer to your industry or an interesting topic. However, blog posts are only ever an introduction; they donât convert browsers into buyers. Thatâs where other forms of content do.
Create content that drives visitors through their buyerâs journey â for example:
- Awareness Stage: Blog posts, infographics, social media content, educational videos, eBooks.
- Consideration Stage: Webinars, case studies, whitepapers, comparison guides, product demos.
- Decision Stage: Testimonials, customer reviews, pricing information, detailed product specifications, consultations or free trials.
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8. Collect Feedback About Your Strategies
Not sure if customers are responding to your strategy? Ask them! Conducting website surveys, feedback interviews, and other data collection methods provides valuable insights into a particular B2B sales strategy. Based on their feedback, refine your performance until youâve got a winning technique.
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9. Score Your Leads
Not all leads are equal. Some are more likely to convert than others â identifying and focusing on these high-quality leads is the best way to allocate limited resources effectively.
Lead scoring assigns points based on a leadâs behaviour, engagement level, and other relevant criteria. The higher the score, the more likely they are to convert. Some B2B sales tools even include AI-based lead scoring, drawing on information from tens of thousands of past sales data.
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10. Automate Your Admin
Donât waste your sales teamâs time completing administrative tasks. Did you know that 47% of surveyed sales professionals spend most of their workday doing something other than selling?
Often, that includes routine admin tasks. Here are some common tasks you can automate:
- Data Entry: Automatically upload and organise customer information.
- Email Follow-ups: Send automated emails based on customer interactions or time intervals.
- Scheduling: Use tools to automate appointment scheduling and calendar updates.
- Social Media Posts: Schedule and post content on social media platforms.
- Customer Service: Implement AI-driven chatbots for instant customer query resolution.
- Reporting: Automatically generate sales and performance reports.
- Lead Scoring: Use algorithms to automatically score and prioritise leads.
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Closing Thoughts
The best B2B sales strategies include a mix of the tips listed above. But itâs also about having the right B2B sales tools in your arsenal.
trumpet is the perfect platform to streamline your sales. In a ready-to-go digital B2B sales room, you can gather key insights by tracking buyer behaviour and helping identify intent signals. Not only does that save time, but it also boosts profits.
Book a FREE demo today to learn more about the platform and how to get started.