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October 7, 2019 |
The 2019 sales market expects you to step up your game in the inside sales process right now.
Because, Inside sales is growing 15x faster than outside sales and if you want to capture and convert qualified leads faster than your competitors, you have to invest in the right solution.
Which is exactly how inside sales will help you.
What does the road map cover?
Let’s jump right in.
As Close defines it, ‘’Inside sales is the act of identifying, nurturing and turning leads into customers remotely’’.
In simpler terms, inside sales refers to selling through different mediums such as calls, emails, social media, presentations and any others so that sales reps can easily convert their potential prospects into leads.
Insides sales has a similar meaning just like telemarketing but they are different in many ways.
For instance, ideally, sales reps in telemarketing sell to their customers on a face to face basis and follow a particular script to convey the message. On the other hand, inside sales are more trained and organized where they use their sales script as a guide instead of reciting it.
Another example of inside sales is the job that the current sales person conduct. For instance, those who make calls from their office or when working remotely, all fall under this definition.
Inside sales is grasping higher popularity in 2019 because the process is being managed in a way that is proved to be apt for the current sales market.
Let the next category explain you.
Inside sales successfully replaces the traditional form of sales.
During the previous years for a sales rep to capture clients, they had to visit every door step to make a sale.
But today, inside sales changes that theory and the many theories that have been formed throughout the years.
Let’s take a closer look:
1 . Inside sales process demands the research of clients in a more detailed manner before even dialling the number. Right from the latest trends to understanding the solution being offered, a sales rep has to be knowledgeable.
2. Inside sales makes capturing clients easier. Before sales reps would meet a client and try capturing them via their face to face meeting. In inside sales this process is simpler. You research about your clients, contact them via a phone/ email or social platforms, hear their issues and place your solution accordingly to help them out.
3. Through constant follow ups, you will be able to win your leads trust which is the most essential factor when converting them as qualified leads for your business.
4. Earlier sales pitches were written to be read accordingly when selling to your leads but in inside sales, the more personalized your script is the better are your chances to connect with your leads.
5. Inside sales training is given a high priority so that the sales reps working in this process can function efficiently.
With so many benefits in hand, inside sales is providing all the potential required to achieve your sales goals much quicker and more conveniently.
The reason for its growth is what the next category will be speaking about.
Before this question can be answered, let’s take a tour to understand how sales were in the previous years.
If you had to sell a product to a client, you would have to:
Doesn’t the above example look like a misfit?
Imagine this happening in 2019, do you think that this type of process which is referred to as outbound sales work?
Let’s break down the reasons why this type of process can’t retain a hold in the 2019 sales market:
Now you can answer the question, do you think this process can work in 2019?
The 2019 sales market requires sales reps to perform quicker and smarter. With the technology growing in abundance and getting more easier, inside sales seem to be the right fit to cater to such a market.
The main difference why inside sales should weigh more on a scale is because it grows along with this changing technology.
In simpler terms, when technology introduces an easier platform to make lives easy, inside sales pull it and shapes it in a way that could help detect potential leads.
For instance, the use of CRM. Today almost half of the sales office uses this tool to keep track of their leads.
Not only does it set reminders for constant follow ups, it also helps you analyze what actions need to be taken next which is a crucial factor during the conversion of a lead. Zety mentions in its article, ‘’50% of teams using a well-integrated CRM see improved productivity.’’.
Another example is the use of social media, one of the best places to retrieve information about prospects. With an active social account, a sales rep like you can easily interact and attract your ideal target audience and plan ways to win their trust to invest in your solution.
One more ideal example to list here is data analytics. With this tool, you can easily spot the answers to questions such as:
Imagine if you have all this information in hand, how much time would you save to find your right audience. This is exactly why inside sales is the real deal in 2019.
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See it in this way:
Today you have prospects who are wiser and know what their needs are. They don’t need you to tell them what their needs are, instead they expect you to satisfy the need they have.
You don’t have time to waste around to find your prospects. You must find them before your competitors do.
The 2019 sales market is huge and moving at a rapid pace.
For instance today:
As you can see that your today’s prospects depend highly on the connectivity of the digital world where inside sales play a high impact in catering to them.
What are the best practices which you can follow?
The next category will guide you through.
Many companies prefer buying leads because they believe that it is an easier way of taping leads quicker. What they forget is paid leads may come in abundance but it may not add the value a company expects from having them.
If you want your brand to go, it is important that you generate leads organically. It isn’t a difficult task to conduct. You just need to regularly follow the below steps to help grow leads that will make an impact in your brand growth:
Zety states in its blog, ‘’CRMs can boost sales by 29% and productivity to 34%.’’
When compared to spreadsheets, CRM’s are a thousand times better.
Let’s understand this with an example:
This is a sample spreadsheet where you enter information about all your prospects. You enter in all the details and save it every day. But did you know that by managing such a spreadsheet you stand under several risks?
Using such a process to fill in your details isn’t a wise decision because:
To eliminate such a hassle and to make things easier when it comes to quick follow ups and capturing potential leads, switch to storing information via a CRM.
The images above are exactly what a CRM looks like. It is a convenient platform that lets you function everything you need to do all in one place.
As mentioned earlier, 2019 demands work to be running at a faster pace, if you are going to be working the traditional ways, it becomes tougher for you to indulge in achieving your sales target.
Forbes states, ‘’Sales reps who use social media as part of their sales techniques outsell 78 percent of their peers.’’
It’s really simple.
If you’re not on social media, you will never be able to tap your leads quicker and if you don’t constantly engage with your leads, your connection with the leads will soon grow distant.
Let’s understand this with an example, what happens when you have an active social media account:
What happens when you don’t have an active social media account:
The best place to interact and engage with the types of leads is LinkedIn. Being the platform for the B2B audience Linkedin is your source to help you find your potential prospects.
How can you do it?
Let the below steps help:
This is a sample profile on LinkedIn. When your prospects want to see who you are, they will visit your profile. This is a golden opportunity for you to tap them on arrival.
Ensure that the below pointers are listed in your profile:
Once your account is created, it’s time to follow the below instructions to remain constantly active:
Inside sales as mentioned above isn’t limited to just phone selling or email, there are more ways you can sell to your prospects. But did you know that even today, phone calls and emails are still being used to close deals?
Studies have shown that, ‘’92% of all customer interactions happen over the phone’’ and ‘’Email is almost 40 times better at acquiring new customers than Facebook and Twitter’’.
Keeping this in mind, the following tips can help shape your inside sales process better.
For instance, before you call your prospect, there are a few important factors that you need to keep in mind:
If you wish to communicate with your prospects via email, keep these factors in mind:
If you focus more on emails to communicate with your prospects, you can use the help of OutreachPlus. This is a tool that helps you to draft personalized emails with a guarantee to receive emails in return.
To keep a track of the emails you sent, you can utilize Mailchimp.
During the traditional days, selling a product required the sales reps to follow a standard sheet and speak in a particular tone. If the customers neglect them, they continue to move further.
But in the 2019 sales market, things have changed.
Prospects have become harder to convince and above all are knowledgeable when compared to the past.
You have to be well prepared when addressing them.
Managing inside sales comes with a lot of responsibilities which require your attention.
When you make calls, you need to have adequate research about the prospect you’re dealing with such as their role, their name, how they are helping their brand and to go and many more.
As inside sales deals with conducting calls to tap and convert prospects into leads, it requires a lot of other works that need to be conducted in order to complete the process.
Ensure that the below checklists are completed whenever you function with this process:
An online article claimed, ‘’46% of fast-growing tech companies use inside sales’’. This clearly states that inside sales is here to stay and it is already being considered as an impactful tool by strong companies.
Which means, it’s time you get started.
What is your opinion about inside sales and do you also believe that it can make an impact in your current business growth?
We would love to hear all your opinions.
The demand for Inside sales as you have witnessed above is shaping the way sales is being performed in various companies.
With the outline provided in this article, we hope that you have received the path which will help you incorporate and achieve the targets your business aims to win.
From investing in a tool that will ease your sales process to learning how you can structure yourself during communications, which factor drew your gaze twice to start implementing today?
Never underestimate the power of passion. With over 17 years of experience in building internet businesses, 5 successful bootstrapped b2b brands. Sathish spends most of his time executing ideas into niche internet brands through a lean team and enjoys being a wanderlust.
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