MarketStar Blog

Introduction

With thousands of new SMBs entering the market every day, they are pinning their success on technology like yours. However, technology brands tend to focus on what they know (enterprise sales), bypassing SMB prospects because they simply don’t know how to sell to them.

You don’t have to leave SMB revenue on the table. With the right approach and expertise, any company can boost its SMB sales and generate a substantial increase in revenue. 

With the COVID-19 pandemic forcing people to spend much more time at home, many are taking the opportunity to get caught up on their reading list. In stressful, uncertain times, picking up a new book or two can be entertaining and even calming. For your sales team, this could even become a time of learning and self-improvement.

Sales and marketing teams always struggle to penetrate and sell to enterprise decision-makers. Since the traditional methods of cold calling and carpet bombing rarely work in B2B marketing, reliance on account-based marketing (ABM) is increasing every day. Different companies use different tactics and channels to execute and measure ABM. Further, a standard ABM strategy may not work for all since the requirements are not the same. 

When selling technology to small and medium-sized businesses (SMBs), you have to put yourself in the position of the entrepreneur or small business owner. While doing so, it’s crucial to remember that SMB sales are different from enterprise sales not just because they have smaller budgets, but because their needs and approach to technology are very different.

Whereas enterprise sales tend to be larger contracts, there are many more potential SMB sales. There are 30.7 million small businesses in the United States, and they are hungry for the latest technology.

Agility is the key to sales success, so when a pandemic hits, you have to be prepared to change the way your sales team operates. Because of the global COVID-19 crisis, most businesses have closed their offices and are encouraging people to work from home, including their sales teams. Maybe it’s time to consider how you are going to restructure your insides sales and prepare to manage your work-from-home sales team.

The coronavirus pandemic has sent shockwaves across the country, grinding our economy to a standstill and forcing many employees to work from home. In these unprecedented times, establishing a new routine with your sales team can feel challenging. But rest assured: They need your leadership right now. 

Although this crisis has put many industries on hold, others are still as busy as they were before it, in some cases, more busy. In the midst of all this stress and confusion, your team may very well be expected to keep making sales calls, focusing on Customer Success, and hitting their numbers. If that’s the case, then they are likely craving clear, confident guidance to help establish some sense of normalcy—and inspire them to keep up the great work. 

Here, we explore five ways to empower your sales team from home:

For every big customer you land, there are dozens of small and medium-sized businesses (SMBs) out there that are looking for products exactly like yours. However, most enterprise companies ignore SMB sales, assuming that SMBs are too difficult to sell to and too expensive given the size of their typical contract. 

If you are among those who are overlooking SMB sales, then you are ignoring an untapped market that is hungry for technology.

With the COVID-19 pandemic, the entire world has had to change the way it conducts business virtually overnight. Shelter-in-place orders have been issued in states across the U.S., and businesses are encouraging their people to work from home. This is the time when your Customer Success team really needs to step up to reassure customers and keep the revenue coming in.

If you don’t already have a Customer Success team in place, then you should seriously consider creating one. Unlike customer support, which is reactive following a sale, the Customer Success team is proactive, working with customers to understand their business needs and help them to achieve their business goals.

B2B selling has become more complex. It used to be that B2B sales was a linear process, and a sales rep would own the customer relationship from lead development through final close and onboarding–then repeat the process. 

No longer. 

These days, customers are conducting proactive product research, trying to make sense of alternative solutions that meet their business needs. The process has become more complicated, in some cases making the customer less inclined to buy, fearing that they might make a mistake. As a result, the sales rep has to be a solution adviser that builds product confidence, quickly, with the customers.

Here is a fun metaphor, “My business is my baby.”

Throughout my years working alongside SMB marketing strategists as a sales funnel architect, I heard this metaphor more times than I could count. Additionally, as a touring musician between 2013 and 2017, the same metaphor was heard again, but in different context, “My guitar/bass is my baby.” For years, I assumed I fully understood the message this metaphor implied, but after becoming a parent, I finally get it. Businesses are indeed like children. They are brought into this world without the knowledge of where they want to go or how to get there, but like unto children, with a proper foundation to build upon, they can grow and become successful.