3 Pathways To Accessing ‘Locked-In’ B2B Mindsets

3 Pathways To Accessing ‘Locked-In’ B2B Mindsets

As previously published on 9/9/21 in The Drum

by Scott Gillum
Estimated read time: 5 Minutes

I went for a bike ride on a trail that I’ve traveled many times but have avoided lately because of the ‘Covid crowds’.

Taking off in a southern direction on the 10-foot-wide path, my focus was on the bike computer between the handlebars. As typical, I was locked in on my speed and spin rate. Knowing the scenic path along the Neuse River well, I put my head down and focused on my performance.

That was until I ended up in a parking lot. Trying to piece together where I was and how I got there made me realize that I didn’t notice any of my typical landmarks, which then caused a bit of a panic.

Pulling my phone out to unravel the mystery, I discovered that the focus on my performance put me two miles past my usual turnaround spot. After figuring out the situation, I decided to keep my head up on the return.

As I pedaled back, I noticed that a scenic overlook, which served as an important landmark, had been expanded and recently landscaped. The biggest surprise, which was somewhat startling, was a 100-yard clearing of trees for the expansion of a housing development not more than 30 feet off the trail.

The scenario I just described is not unlike what happens with our audiences during their workday. They step on to the 10-foot path that is their job in the morning and travel it like a well-worn trail to their usual destination.

Their computers narrow their focus and attention even more, just like my bike computer. It’s a heads-down routine that often makes them oblivious to changes all around. This creates an opportunity for us to discover new insights that enable us to redefine our position and messaging that gets their attention.

A ‘locked-in’ mindset makes us vulnerable to bias and blind spots. The longer someone has been in the job or industry, the more likely they are to believe they know ‘the path’. The brain seeking to reserve ‘brain power’ moves routine tasks to a part of the brain that requires little cognitive energy. This is the reason I ended up in the parking lot on a trail I thought I knew well.

As a result, we can bring new insights to this audience. Typically, there are three fertile areas to explore:

  1. The unknown. This is the typically the hardest to discover, but the most powerful.
  2. The underappreciated. What has changed that makes something known more impactful or significant?
  3. The undervalued. What are they missing that may be impacting their success, their mission or their customers?

Depending on our audience’s personalities, some of these areas are more impactful than others.

For example, on the way down the path I kept my head down and focused on my performance. This very much aligns with a personality type that is career driven. We can gain their attention through messaging that alerts them to something ‘unknown’ down the path.

If that audience segment only focuses on one or two things that they believe drive their business or performance, like my speed and spin rate, what can you tell them about the importance of understanding another factor?

What is on their ‘path’ that they may be missing, like a parking lot two miles from the usual turnaround spot? What ‘unknown’ is just over the horizon that may impact their success?

On the return journey, my behavior was like another key audience that is constantly scanning the horizon for new things to share with others. They will be looking for the changes to establish ‘landmarks’ to share, like me telling a neighbor who also bikes the trail about my discovery of the construction area.

This audience segment seeks and brings new information into the organization. They’re not as focused on the ‘path’ as much as they are on what is happening around it. As a result, that typically leads them to sharing information highlighting the undervalued or underappreciated.

In both cases, the new information I gained will change my behavior and will cause me to act, which is the goal of marketing. The new construction will disrupt my biking experience. In the future I will avoid that section of the ‘path’. I also now have a new appreciation for checking the distance traveled, and occasionally picking my head up to determine where I am along the trail.

Buyers ‘lock in’ every day at work, and a message right in front of them on the well-worn path will not disrupt. They’ll ride over like a bump on the trail. To capture their attention, search off their beaten path and over the horizon. It’s what they don’t see, or realize, that matters – because no one wants to end up in a parking lot.

Supporting Sales with Inbound Marketing

Supporting Sales with Inbound Marketing

by Scott Gillum
Estimated read time: 3 Minutes

Episode 5: Getting Sales to Buy Into Inbound Marketing with Special Guest, Matt Stevens

Supporting Sales with Inbound Marketing.  Matt Stevens, former head Digital Marketing at Gartner and CEB, faced a significant set of challenges in building out an inbound marketing engine that would deliver sales. Scott and Matt discuss how he was able to get the sales organization to accept Inbound Marketing as a solution to increase their productivity and make quota.

 


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Unlocking Growth by Learning How to Message to the Value Chain

By Scott Gillum

“Who invited marketing to the sales pitch?” It was said in passing, and intended as a joke, but the marketing team got the point.

The comment was made in a recent messaging workshop. The head of sales expressed his frustration at the messaging being developed by marketing. His point — there was nothing different. It sounded like the same sales pitch they had been giving customers for years.

He was right, and it got worse. Marketers were sending the message to the same audience, creating even more reason for buyers to tune them out. Good marketing, as we all know, should help open doors for reps, not close them in their faces, which is what was happening.

The Situation

The company was in the ingredient business. Similar to an OEM, their ingredient went into a part that was a component of a product bought by customers. Their additive had been on the market for 10 years and as an “ingredient” had few unique selling features. Its value was defined by how it was used further down the value chain. Keep this in mind while as you continue reading.

As a regulated additive, sales reps spend much of their time helping parts manufacturers understand how, and when, to use the ingredient. Despite this knowledge, parts manufacturers were reluctant to increase its use…growing share in existing customers was difficult and converting new buyers to use it was challenging. They had “pigeon-holed” the ingredient for only certain uses.

Unlocking Value to Create Demand

Making things even more difficult, the company relied on the part manufacturer to convince the product maker to add their ingredient. The reality was, the part maker only used the ingredient when it was required by the product manufacturer. In other words, the part maker was taken orders from the product company and building to specific requirements. Once that was defined no amount of sales or marketing was going to change that fact.

This reality became the tipping point for turning our interest to the product maker and the end customer. The “ah-ha moment” struck on day two when, using the Challenger Marketing approach, the team discovered that end customers were not aware of a potential risk that could impact their business, as much, or more, than the risk they were currently addressing.

Messaging the “Value” to the Value Chain

By getting into the heads of the end customer we were able to determine that their existing mindset exposed their business to a much bigger risk than what they realized. Using secondary research, the team put together a compelling data backed story that was built on insight (the unknown risk). That insight would then be messaged in different ways depending on where the story was being told in the value chain.  

For the end customer, the story and message highlighted the value of protecting their customers and employees. The product manufacturer message to customers emphasized (with research and data) the risks and the potential business impact of inaction. The parts manufacturers received a message about the potential opportunity to double their business based on the new use of the product at the customer location.  

Shifting from “Push” to “Push and Pull”

The biggest impact was the organization shifting its strategy from “pushing” their product through the part manufacturer to creating “pull” from the demand side. Marketing shifted its research efforts to the end customer to build a “use case” highlighting how to address the formerally unknown risk. Sales, backed with a solid business case of how to double revenue, realigned its focus from the part maker to the product manufacturer.

How to Apply this Approach to Your Organization

  • Schedule a two-day working session with representatives from sales, marketing, and the product group.
  • Prep everyone to leave their “company hat” at the door. The session is intended to have you think like the end customer. (e.g. How they think about their business, customers, competitors…not your product, service or brand).
  • Map in detail the go-to-market model.
  • List the reasons why the end customer buys the product or service. What “job does it do” for their business. This will require some research about the customer’s business. Do this in the session or have it ready ahead of time. Try to understand the customers mindset. This isn’t about why they should buy it from your partner or organization.
  • List the reasons why resellers or distributors buy the product from your organization (assuming you’re the manufacturer), and so forth back through the chain. Be brutally honest, for example, if it’s because it’s the “cheapest” then call it out.
  • Define the value added in the GTM model at each step starting with the customer working back from right to left in the model. Typically this is done from left to right.
  • Ask what are buyers missing at each step in the value chain? What should they know but don’t? This is the opportunity to develop a new insight and messaging.

Unlocking good insight isn’t easy. Coming out of the meeting you will have to continue to refine it. If you haven’t asked, and answered, “so what” at least five times you haven’t gotten to the core. If that doesn’t work, give me a call.


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7 Tips for a Great Agency Partnership

A few weeks ago, I participated in an interview with CEB‘s new Marketing Solutions group. The focus of the article, as they described it, was to “understand what it takes to have a healthy client-agency relationship.” 

The article was published in their July monthly newsletter to members. CEB was kind enough to allow me to share an excerpt of the article with my readers (see below).

We asked agency leaders from key partners in CEB’s recently launched Marketing Solutions* effort to answer the question “What key relationship-building steps do clients most often overlook?” Below you’ll find our curated list of top overlooked steps: 

  • Make Sure They “Get It”: No matter how well the agency knows your industry, there needs to be discipline on both sides, ensuring the agency invests time getting to know your business, customers, brand, and the expectations of key stakeholders. 
  • Keep the Creative Spark Alive: Saying “no” too many times or being too directive can kill a client/agency relationship. You’re looking for a fresh perspective, not a passive, tactical partner. Challenge your agency to do at least one wildly strategic or creative thing for you each year, something that might even make you a bit nervous. 
  • Be Constructive: Creative teams invest time in understanding a clients’ issues/objective and then brainstorm on possible solutions. Keep in mind that it’s not what you say, because agencies need your input, it’s how you say it. First be complimentary, what you like, and then give notes. 
  • Don’t Miss the Magic: Too often RFP’s are focused only on qualifications and price. The real magic in an agency relationship is how well you work together. Be mindful of the way your teams will work together—and bring out the best in each other—that will really make a difference. 
  • Understand Limitations: A good creative campaign can change perceptions about your brand, products, and even service capabilities. However, it is the burden of the organization to deliver on the “promise” being communicated. Be realistic of what your agency partners can and cannot solve for.
  • Agency’s Ability to Help You Bust Internal Silos: Assess agency candidates for their understanding of key partner functions (like sales, service or operations) and their ability to help you bring those other partners into creating seamless customer experiences.
  • Agency’s Ability to Disrupt Your Customers: Winning marketing efforts disrupt what customers think, believe, and assume about themselves (not about you). Bottom line: pressure test your agency’s empathy—the ability to go deep into how customers think about themselves and their own world.

Additionally. CEB is now providing execution support on B2B go-to-market messaging and content creation. They’ve partnered with select agencies, like gyro, to offer engagements that help create messaging and content that reflect the latest insights from CEB’s B2B buyer and best practice research If you’re interested in learning more, send me a note.

Telling is Selling?

My first job out of college was selling office equipment. The first thing I ever learned about selling (from my very Southern sales manger) was that “Telling ain’t selling.” In layman terms, stop telling customers why they need your product and start listening to their needs.

For years this simple phase remained in my memory. It guided me as a way to engage prospects in advisory-like sales dialogue, probing for a need to sell to. But, after attending CEB’s Sales & Marketing Summit last week, where new research highlighted the increased complexity in reaching a purchase decision, I’m now considering rethinking my whole approach.

Why? Because buyers have become overwhelmed by the potential choices, IMG_1220and the involvement of other decision makers in the process, according to Brent Adamson, co-author of The Challenger Customer. Too much information, too many options and too many people involved in the process are making it more difficult than ever to reach a consensus, let alone a purchase decision. Given the complexity, stalled deals are no longer a sales issue; they’re a buying problem.

The question is: Are marketers contributing to that problem? Is it possible our content marketing efforts, aimed at helping buyers make an informed choice, are becoming part of the “too much” problem? According to Psychologist Barry Schwartz, author of The Paradox of Choice, too much choice often results in no choice at all.

Dr. Schwartz’s research has shown that limiting choice is often necessary to reach a decision, and/or to speed up the buying process. As he said, “When you make choice easier, or more simple, you will sell more.”

For business-to-business sales and marketers, the key is to become “prescriptive,” according to Adamson. Customers need a “trusted advisor” to help guide them through the complexity of the decision making process, in particular in driving a consistent point of view on the problem, and the best solution. Schwartz suggests focusing on the following three areas:

  1. Be the “expert” or “simplifier.” Help reduce the complexity of the problem, process and/or solution. Smart content should help to explain and simplify solutions to complex problems.
  2. Create an “anchor.” Help customers understand how to assess the value you offer. Buyers may have a hard time assessing the true value of a new purchase or a new vendor. Help them by giving them context. Find a relatable anchor comparison. Think: ”Platinum service at a standard price.”
  3. Understand the impact of “no decision.” If no decision is the right decision, then find a way to make it the default answer. This approach is commonly seen in software or subscription-based services where membership/licensing automatically renews.

Do we now dictate to customers/prospects? Not according to Schwartz. Asking probing questions that lead customers to convince themselves that they need your product is the path to goal attainment. Help them understand how your product/service uniquely solves their problem by guiding their path to purchase.

The words of wisdom given to me years ago were right, but given today’s increased complexity it needs an updated “Telling ain’t selling…until it is.”