The Importance of Discovery in B2B Sales
As competition has increased, sustainable competitive advantage is now rarely achieved through products. This places increased emphasis on the sales and marketing functions within the business to create the differentiator. For B2B businesses, I see the trend towards sales capability becoming the defining key to enduring success.
In this interview with Alex McNaughten for his Sales Leaders podcast, we discuss some of the keys to developing this capability and a key area that causes many sales teams to lose deals not just to competitors, but other priorities within the prospects business and the inertia of the status quo.
Key Points of This Discussion
- The sales profession is largely not professional and the opportunity this creates
- What’s missing in the emphasis on prospecting and closing
- Understanding the roles of discovery and qualification in the sales process
- The part of the discovery process that most sales people miss and why this costs them deals
- Building collaboration with your prospect rather than just one-way selling
- How focusing on the customer reduces the sales cycle and improves conversion rates
- The often overlooked competitor of the status quo and understanding your prospect’s “changeover tax”
For more on Alex and his work with helping scale B2B businesses, head to Sales Leaders.
Also, if you missed my other recent interview with Alex, I recommend checking out the Future Proof Selling Podcast episode: Scaling B2B sales and developing your sales playbook with Alex McNaughten