What Is The Inbound Sales and How Can You Benefit From It?
A buyer’s behavior together with sales techniques and processes have evolved significantly. Nowadays, most B2B customers make the decision about their purchase even before a sale rep contacts them. The aim of sales reps is to assist leads in their journey. From the moment they found out about the product till they made a purchase. However, inbound sales strategy doesn’t end here. Later you continue nurturing your paying customers until they become your product’s ambassadors. This is the concept of inbound sales.
Inbound vs Outbound sales
Inbound sales is a total opposite practice to the traditional understanding of sales management. With the outbreak and a visible success of an inbound marketing, there was a need to come up with a sales approach that would better align with customers behavior. The main concept behind inbound vs outbound sales is their methodology. Another distinguishing feature is that in case of inbound sales your potential buyers come to you, while in the second – you approach them.
In the outbound sales, you need to reach out to the leads educating them about your product and kind of “pushing” them to buy it. As an example, sales reps often use cold calling when trying to reach potential clients. They usually have limited information about leads and try to promote the solution without a clear understanding if they really need it.
In the inbound sales, on the contrary, potential buyers find your service from a publication, a social media channel, etc. They come to your well-structured website with a purpose of learning how they can benefit from a service your company provides. Your task here is to arm your leads with all necessary information. Assist them throughout an entire buyer journey and help them to make a decision about their purchase.
While outbound sales look more like shouting out “buy my product now”, inbound sales focus on listening to clients and hearing out their needs rather than promising anything for the sake of a sale. However, your sales process works the best when instead of outbound vs inbound sales, they work together.
Define your buyer persona
One of the main ideas of an inbound sales strategy is knowing who your buyer persona is. Define your potential buyers and find out who your ideal customers are. Knowing your buyer persona will let you provide your potential buyers with all necessary tools and information that will help them make a purchase.
Previously customers were not equipped with as much information about companies and their products as they are today. This is the reason why techniques that were used to just “sell” a product aren’t effective anymore. Instead, such approaches as listening, educating and giving ( free trials, ebooks) started to gain a greater value.
There are several ways to learn your buyer persona. First, observe how your leads and customers interact on your website. What pages receive the most frequent visits? What content interests your potential buyers the most? Do they encounter any difficulties when browsing your website? Clear communication, the structure that is easy to follow, useful information and simple navigation make your website attractive. Plus, it encourages your potential buyer want to learn more about your product.
Second, conduct some surveys with your current clients and check your website’s and social media analytics. Coordinate your research with inbound marketing department to determine your buyer persona.
Once you’ve collected all necessary information, it’s time to create your buyer persona profile. Be as specific as you can. Use location, age, job title, interests, and the rest of details that you’ve gathered on your potential buyer.
Align inbound sales and marketing teams
In order to better identify your buyer persona, your inbound sales and inbound marketing should be working together.
This is because your inbound sales process will be tightly connected to an inbound marketing process. In fact, its methodology was initially borrowed from the inbound marketing one. Inbound marketing focuses on the individual buyer more rather than a wider group of people. It helps inbound sales greatly with lead generation strategies. In turn, marketing doesn’t generate the revenue but sales do.
All the information that sales reps use when making a personalized call or sending a customized email comes from the efforts of inbound marketing. This is how it works: a potential buyer fills a form on the landing page in exchange for an ebook, engages with the company’s content such as a blog or comes from a social media campaign. Therefore, aligning both inbound sales and marketing will allow you to know your potential clients and customers even better.
Structure and adopt inbound sales strategy
As I’ve already mentioned, inbound sales aren’t about simply selling a product. Controlling every step of their buyer journey and convincing your clients that they definitely need your solution doesn’t work anymore. Instead, adjust your sales strategy and built it around the buyer journey and their needs, helping your potential buyers at every stage.
First, let’s take a look at the inbound sales methodology, developed by Hubspot which aligns with the inbound marketing methodology, in a similar path.
This is a part of the awareness stage of a buyer journey where you identify potential clients and convert them from strangers to leads. During this stage, you need to learn about your potential buyers as much as possible. Start contacting those leads that fit your buyer profile the most.
Inbound salespeople prioritize active leads in a buyer journey. At first focus on potential clients who previously engaged with the company’s website, filled out a contact form or responded to the email from a sales rep.
This is the stage when you take actions to qualify leads and move through the awareness stage to the consideration stage. Once you’ve collected enough information on your potential buyers, their job and interests, start contacting them. Give your leads personalized phone calls or reach them via customized emails. Determine the buyer persona of different type of people you target. It’s the stage when you need to educate your potential clients and awake their interest in your product rather than try to sell it to them.
Until now your qualified leads have already started to engage with your content during the consideration stage. Now, you may start identifying sales opportunities and exploring your potential buyers needs further.
During the exploration stage, your potential clients have to be certain they make the right decision. Find out why they need the solution in the first place. When talking to your leads try to tackle their challenges and pain points. Explain how your product can help your potential buyers to reach their goals. Point out how your solution will let them deal with challenges of their customers.
Now your leads are in the decision phase of the buyer journey. The idea here is to convert them from potential clients to paying customers. Your potential buyers want to know how exactly your solution will help them. Thus, you need to demonstrate clearly why your product is an answer to their challenges and gaps. In this scenario, a sales rep is a mediator between the leads’ specific needs and messages they previously got from your website’s content.
This is the stage where you prepare them for the purchase. Discuss timelines, sign the contract if such is foreseen and consider different options your solution has to offer to you without a minute paying customer.
So what is the inbound sales? Inbound sales prioritize individual buyers, their needs, challenges, pain points and goals. As you’ve seen from the inbound sales strategy, sales reps only assist potential buyers at every stage of a buyer journey. In the end, it’s a lead who makes a decision whether to make the purchase or not.
One of the main tasks of the inbound sales is assisting the entire potential buyer decision-making process. Each sales rep needs to craft a customized sales approach for every lead. Aligning your inbound sales and marketing will help you to come up with personalized solutions and recommendations for every potential client. On the other hand, mixing your inbound and outbound techniques will diversify your entire sales processes and help you grow faster.