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SUCCESS IN
THE ERA OF
VIRTUAL
SELLING
WHITE PAPER
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.
Previously, pursuing a sale entirely
from a virtual setting was a
practice reserved for extenuating
circumstances.
Today, those circumstances have
become commonplace.
As a result, sales leaders face the
challenge of adapting to a new
environment.
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.
Here, we offer guidance
for selling in the era of
virtual engagement by
examining:
01
02
03
Why it Matters
Where it is going
How it happens
WHY IT
MATTERS
Sales professionals can do everything via video that they can do
in person, including:
• Uncovering needs
• Attaining the status of a trusted advisor
• Coalescing stakeholders
Sales professionals need to develop “situational fluency,”.
• The ability to discuss each buyer’s specific business issues
• What is causing them
• Which capabilities are needed to address those challenges for
the customer
EXPANDTHE ADDRESSABLE MARKET
ACCELERATETHE MOMENTUM OFTHE SALE
ADJUSTTHE BUSINESS MODEL TO NEW
ECONOMIC FACTORS
Copyright © 2020 Richardson. All rights reserved.
Virtual selling capabilities embrace this immobilized
environment by keeping sales professionals engaged in
meaningful dialogues with customers.
HOW IT HAPPENS
First acknowledge the
challenges virtual
selling presents.
• Misuse of technology.
• Technology is better used as a
two-way channel for
exchanging and sharing
information.
Gain a full view of the challenges
Facilitate
conversation on both
sides.
• Virtual engagements must be
used to facilitate conversation
on both sides.
• Rather than as a tool for the
sales professional to merely
present.
• Missing valuable rapport-
building opportunities.
• Allowing environmental
distractions to interrupt
progress.
• Permitting the setting to
undermine authenticity.
• Losing the collaborative
environment critical to selling.
• Limiting instances of spontaneous
discussions that reveal
unexpected insights.
• Growing disengagement as
customers come and go with ease.
By limiting our understanding of
how a virtual setting can be used,
we succumb to difficulties like:
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.
DEVELOP A
REPEATABLE
THREE-PART
PLAN
Preventing a drift into
unproductive and
disorganized engagements
requires a structured,
repeatable plan.
Intro
Body Closing
It is the sales professional’s job to
create an environment that is:
• Welcoming
• Engaging
• Comfortable
• Ask rapport-building
questions to specific
individuals.
• Set the context with a recap
of events.
• End by aligning everyone to
the agenda by positioning the
purpose of the meeting and
checking for feedback.
Connect with the customer.
• Understand their needs
• Ultimately position the
solution.
In the early section of the body,
there should be
• Fewer slides
• More eye contact
• Close attention to the
diagnosing of needs
• Later, the sales professional
can begin to position
recommendations.
• Near the end, sales
professionals should track
common ground and share
summaries of the discussion.
Copyright © 2020 Richardson. All rights reserved.
Sales professionals must
first summarize the
outcomes of the
discussion.
• Emphasize value in a
concise way.
• Gain commitment.
• Set the next steps with
actions on the part of
both the sales
professional and the
customer.
• Check for alignment to
ensure that everyone
agrees on the path
forward.
Copyright © 2020 Richardson. All rights reserved.
Such questions may seem in direct
opposition to the idea of leaving the
customer with a positive feeling
about the relationship.
Yet, avoiding these questions
prevents the kind of solution
positioning that addresses the
nuances of the customer’s
circumstances.
Put simply, sensitive questions,
though uncomfortable, are
necessary.
Copyright © 2020 Richardson. All rights reserved.
RECALIBRATE FOR
UNCOMFORTABLE
CONVERSATIONS
Business conditions have worsened across all
industries.
This upheaval means that many sales professionals
will be speaking with customers who are under
stress.
It is difficult to pinpoint the specificity of the
customer’s challenges because doing so requires
asking difficult questions that surface
uncomfortable truths.
Preparation means:
• Managing expectations by
sharing an agenda.
• Managing the environment by
eliminating distractions.
• Planning materials carefully with
clean, simple visuals.
• Testing your technology and
preparing a backup plan in the
event of failure.
OVERCOMINGTHE
DIFFICULTY OF ASKING
UNCOMFORTABLE
QUESTIONS
Requires superior preparation.
Copyright © 2020 Richardson. All rights reserved.
WHERE IT IS GOING
Virtual selling will become an accepted
practice as remote collaboration becomes
normalized in a short period of time.
IT SERVES AS
• A business continuity plan
• A mode of communication that facilitates
selling with agility
• Helps elevate sales professionals to the status
of a trusted advisor as a result of close and
regular contact with customers.
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.
VIRTUAL SELLINGWILL
BECOME A BUSINESS
CONTINUITY PLAN
Virtual selling represents a long-term
business continuity plan for three reasons.
1. It is a skill-based business continuity plan
that can be implemented fast. No need
for auxiliary infrastructure or
contingency supply chains.
2. It is scalable. Sales professionals will not
be limited in their approach amid a
downshift in travel spending.
3. It is less demanding of the sales
professional’s resources and of the
customer’s resources.
Copyright © 2020 Richardson. All rights reserved.
VIRTUAL SELLING WILL
EQUIP SALES
PROFESSIONALS TO
BECOMETRUSTED
ADVISORS FASTER
Copyright © 2020 Richardson. All rights reserved.
Sales professionals are more effective
when the customer perceives them as a
trusted advisor.
Virtual selling capabilities help sales
professionals ascend to this level by
leveraging the immediacy of a virtual
connection to facilitate more
interactions.
This increased frequency of interaction
helps blur the line that traditionally
separates the stakeholders from the
sales professional.
VIRTUAL SELLING
WILL BECOMETHE
ENGINE OFTHE
AGILE MODEL
Successful business models
today are fundamentally
different than those of previous
decades.
What remains is the agile
approach.
Agility in selling means
flexing and using different
skills when and where you
need them.
Responsiveness to
change
Collaboration
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.
ADAPTING TO A CHANGED ENVIRONMENT
Understanding the challenges
inherent to virtual selling.
Formulating an approach to
uncomfortable conversations in
a challenging economy.
2
3
1
Developing a repeatable, three-part plan
for structuring virtual conversations.
Building the capabilities to sell virtually
means:
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.Copyright © 2020 Richardson. All rights reserved.
“The rewards for building a
resilient organization are
substantial.
The ‘hardened’ enterprise
will be able to not only
withstand all manner of
disruption but also increase
its competitiveness.”
-Yossi Sheffi MIT professor
and author
The intense circumstances of today have given
leaders a much-needed push toward virtual
selling.
They are leveraging it to the fullest extent to
expand the addressable market, accelerate the
sale, and embrace the economic realities of
today.
Selling organizations with the foresight to
take the next step can expect benefits that
exceed the here and now.
Copyright © 2020 Richardson. All rights reserved.
Copyright © 2020 Richardson. All rights reserved.
company/richardson/
https://www.richardson.com/blog/
Copyright © 2020 Richardson. All rights reserved.
www.richardson.com
215-940-9255
info@richardson.com
LET’S GET INTOUCH
Click Here to Download the Full Brief: https://hubs.ly/H0q1rVP0

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Virtual Selling Success in Uncertain Times

  • 1. SUCCESS IN THE ERA OF VIRTUAL SELLING WHITE PAPER Copyright © 2020 Richardson. All rights reserved.
  • 2. Copyright © 2020 Richardson. All rights reserved. Previously, pursuing a sale entirely from a virtual setting was a practice reserved for extenuating circumstances. Today, those circumstances have become commonplace. As a result, sales leaders face the challenge of adapting to a new environment. Copyright © 2020 Richardson. All rights reserved.
  • 3. Copyright © 2020 Richardson. All rights reserved. Here, we offer guidance for selling in the era of virtual engagement by examining: 01 02 03 Why it Matters Where it is going How it happens
  • 4. WHY IT MATTERS Sales professionals can do everything via video that they can do in person, including: • Uncovering needs • Attaining the status of a trusted advisor • Coalescing stakeholders Sales professionals need to develop “situational fluency,”. • The ability to discuss each buyer’s specific business issues • What is causing them • Which capabilities are needed to address those challenges for the customer EXPANDTHE ADDRESSABLE MARKET ACCELERATETHE MOMENTUM OFTHE SALE ADJUSTTHE BUSINESS MODEL TO NEW ECONOMIC FACTORS Copyright © 2020 Richardson. All rights reserved. Virtual selling capabilities embrace this immobilized environment by keeping sales professionals engaged in meaningful dialogues with customers.
  • 5. HOW IT HAPPENS First acknowledge the challenges virtual selling presents. • Misuse of technology. • Technology is better used as a two-way channel for exchanging and sharing information. Gain a full view of the challenges Facilitate conversation on both sides. • Virtual engagements must be used to facilitate conversation on both sides. • Rather than as a tool for the sales professional to merely present. • Missing valuable rapport- building opportunities. • Allowing environmental distractions to interrupt progress. • Permitting the setting to undermine authenticity. • Losing the collaborative environment critical to selling. • Limiting instances of spontaneous discussions that reveal unexpected insights. • Growing disengagement as customers come and go with ease. By limiting our understanding of how a virtual setting can be used, we succumb to difficulties like: Copyright © 2020 Richardson. All rights reserved.
  • 6. Copyright © 2020 Richardson. All rights reserved. DEVELOP A REPEATABLE THREE-PART PLAN Preventing a drift into unproductive and disorganized engagements requires a structured, repeatable plan. Intro Body Closing It is the sales professional’s job to create an environment that is: • Welcoming • Engaging • Comfortable • Ask rapport-building questions to specific individuals. • Set the context with a recap of events. • End by aligning everyone to the agenda by positioning the purpose of the meeting and checking for feedback. Connect with the customer. • Understand their needs • Ultimately position the solution. In the early section of the body, there should be • Fewer slides • More eye contact • Close attention to the diagnosing of needs • Later, the sales professional can begin to position recommendations. • Near the end, sales professionals should track common ground and share summaries of the discussion. Copyright © 2020 Richardson. All rights reserved. Sales professionals must first summarize the outcomes of the discussion. • Emphasize value in a concise way. • Gain commitment. • Set the next steps with actions on the part of both the sales professional and the customer. • Check for alignment to ensure that everyone agrees on the path forward.
  • 7. Copyright © 2020 Richardson. All rights reserved. Such questions may seem in direct opposition to the idea of leaving the customer with a positive feeling about the relationship. Yet, avoiding these questions prevents the kind of solution positioning that addresses the nuances of the customer’s circumstances. Put simply, sensitive questions, though uncomfortable, are necessary. Copyright © 2020 Richardson. All rights reserved. RECALIBRATE FOR UNCOMFORTABLE CONVERSATIONS Business conditions have worsened across all industries. This upheaval means that many sales professionals will be speaking with customers who are under stress. It is difficult to pinpoint the specificity of the customer’s challenges because doing so requires asking difficult questions that surface uncomfortable truths.
  • 8. Preparation means: • Managing expectations by sharing an agenda. • Managing the environment by eliminating distractions. • Planning materials carefully with clean, simple visuals. • Testing your technology and preparing a backup plan in the event of failure. OVERCOMINGTHE DIFFICULTY OF ASKING UNCOMFORTABLE QUESTIONS Requires superior preparation. Copyright © 2020 Richardson. All rights reserved.
  • 9. WHERE IT IS GOING Virtual selling will become an accepted practice as remote collaboration becomes normalized in a short period of time. IT SERVES AS • A business continuity plan • A mode of communication that facilitates selling with agility • Helps elevate sales professionals to the status of a trusted advisor as a result of close and regular contact with customers. Copyright © 2020 Richardson. All rights reserved.
  • 10. Copyright © 2020 Richardson. All rights reserved. VIRTUAL SELLINGWILL BECOME A BUSINESS CONTINUITY PLAN Virtual selling represents a long-term business continuity plan for three reasons. 1. It is a skill-based business continuity plan that can be implemented fast. No need for auxiliary infrastructure or contingency supply chains. 2. It is scalable. Sales professionals will not be limited in their approach amid a downshift in travel spending. 3. It is less demanding of the sales professional’s resources and of the customer’s resources. Copyright © 2020 Richardson. All rights reserved.
  • 11. VIRTUAL SELLING WILL EQUIP SALES PROFESSIONALS TO BECOMETRUSTED ADVISORS FASTER Copyright © 2020 Richardson. All rights reserved. Sales professionals are more effective when the customer perceives them as a trusted advisor. Virtual selling capabilities help sales professionals ascend to this level by leveraging the immediacy of a virtual connection to facilitate more interactions. This increased frequency of interaction helps blur the line that traditionally separates the stakeholders from the sales professional.
  • 12. VIRTUAL SELLING WILL BECOMETHE ENGINE OFTHE AGILE MODEL Successful business models today are fundamentally different than those of previous decades. What remains is the agile approach. Agility in selling means flexing and using different skills when and where you need them. Responsiveness to change Collaboration Copyright © 2020 Richardson. All rights reserved.
  • 13. Copyright © 2020 Richardson. All rights reserved. ADAPTING TO A CHANGED ENVIRONMENT Understanding the challenges inherent to virtual selling. Formulating an approach to uncomfortable conversations in a challenging economy. 2 3 1 Developing a repeatable, three-part plan for structuring virtual conversations. Building the capabilities to sell virtually means: Copyright © 2020 Richardson. All rights reserved.
  • 14. Copyright © 2020 Richardson. All rights reserved.Copyright © 2020 Richardson. All rights reserved. “The rewards for building a resilient organization are substantial. The ‘hardened’ enterprise will be able to not only withstand all manner of disruption but also increase its competitiveness.” -Yossi Sheffi MIT professor and author
  • 15. The intense circumstances of today have given leaders a much-needed push toward virtual selling. They are leveraging it to the fullest extent to expand the addressable market, accelerate the sale, and embrace the economic realities of today. Selling organizations with the foresight to take the next step can expect benefits that exceed the here and now. Copyright © 2020 Richardson. All rights reserved.
  • 16. Copyright © 2020 Richardson. All rights reserved. company/richardson/ https://www.richardson.com/blog/ Copyright © 2020 Richardson. All rights reserved. www.richardson.com 215-940-9255 info@richardson.com LET’S GET INTOUCH Click Here to Download the Full Brief: https://hubs.ly/H0q1rVP0

Hinweis der Redaktion

  1. Image used in the preview file : https://unsplash.com/photos/dSwjsxtDNbI
  2. More difficult to connect personally – Although better than the telephone, it is generally still more difficult to build rapport virtually than face-to-face because we no longer have those natural moments – like riding the elevator together, walking down the hall, eating lunch together, when business discussion often pauses and allows for more personal rapport building. Discomfort with being on camera – Like hearing our voices on a recording, people may be uncomfortable seeing themselves on camera. Demonstrating effective Presence becomes more of a factor virtually for sellers. With limited environmental background, facial expressions and nervous gestures become highlighted on video. The customer might be uncomfortable being on camera and may resist or even refuse to use video. Level of distraction – The level of distraction is higher in a virtual environment than in face-to-face meeting. It’s easier to reply to emails, instant messenger, etc., and you can’t tell a customer to please stop multi-tasking. People behave differently virtually - Customer stakeholders may be less likely to fully engage. As a result, the seller may end up more in presentation mode than in conversation mode, especially if sharing slides. There is increased risk of falling into traditional selling traps of not making a personal connection, making a generic pitch and positioning solutions before diagnosing and developing needs. For group calls, the conversation can feel more like it is one-on-one between seller and one stakeholder versus more collaborative across the group. It’s easier for people to monopolize the conversation and can be harder for quieter individuals to speak up. Time appears to go faster - Virtual meetings often get off to a slower start due to technology or lateness. It’s easier to join a virtual meeting late without much interruption than it is to walk into a physical room late. It is easier for customer stakeholders to drop out of a virtual meeting without signaling their departure. In a physical room, the seller would see a stakeholder stand up to leave. Technical issues – This ranges from problems accessing the meeting, resulting in a delayed or chaotic start, unintended dropouts because seller or customer has lost their connectivity, and poor audio quality.