Bringing innovative and novel products to market can be a real challenge. Especially in the B2B sector, customers often react with little interest to the unknown and new. Frequently, there isn't even a concrete need on the part of the consumer, which is why many innovative products are ignored and ultimately rejected.
But where should a small start-up company or an independent entrepreneur get the financial resources for an expensive marketing campaign?
Many companies are focusing on social media marketing, particularly targeting younger audiences, using popular platforms like Facebook, Instagram, and YouTube. SEO is also certainly effective. However, keep in mind that these measures take time to produce results.
One could resort to tricks here, such as buying "likes" for a company page. However, achieving the desired effect, especially with high-priced products and services in the commercial sector, can take a considerable amount of time.
Innovative and new products are particularly difficult to sell in the B2B sector. Customers are unfamiliar with them and are not actively searching for them. To broaden your reach and expand the market for your innovative products, you will need to explore new avenues.
1.) Learn about the needs of the customers.
Many companies that want to sell new products know their customers very well, but far too rarely use this knowledge at the crucial points. Which companies are particularly successful today?
Market leaders are primarily companies that recognize their customers' needs faster than their competitors and act strategically accordingly. Therefore, it is crucial that you perceive market signals and your customers' desires as early as possible and tailor your products accordingly.
A so-called "insights engine" has proven very helpful in this regard. This market research department forwards new findings and trends directly to management. It also suggests further measures and sales strategies.
The Insight Engine not only collects data and information about markets and customers, but also presents it in a standardized format. The entire company can then freely access and utilize this information. However, alongside all these analytical measures, don't forget creativity. Give your employees the opportunity to experiment, discuss, and test new ideas.
Sales talents don't necessarily have it easier in the internet age.
While in the past, people with strong persuasive skills and eloquence had an advantage over other salespeople, this has changed over time. Certainly, eloquent communication is still helpful today, but it's no longer the deciding factor. These days, you can no longer rely on having a knowledge advantage over the customer.
Today's buyers don't just research competitors; they also use comparison websites. This means they are usually very well-informed. Gain the trust of your potential business partner by being honest and taking their needs seriously.
This also includes admitting any gaps in your knowledge and maintaining a positive attitude. Pay attention to your body language, introduce yourself personally, and maintain eye contact without staring at the customer.
2.) Create a profile of your customer
When selling new products, the buyer persona concept helps you with personalized customer communication. This type of customer profile captures personal data such as age or place of residence, but also implicit characteristics.
This allows you to develop your content more efficiently and tailored to specific customer needs. For example, it's important to find out what motivates the purchase or what's holding them back. Clarify the customer's situation with an open-ended question and actively involve them in the conversation.
To increase sales of your products, you could, for example, inquire about the importance of certain topics, such as cost savings or sustainability, to the customer. This encourages the customer to describe their situation in detail. Remain attentive throughout the conversation and clarify any ambiguities.
Ask yourself:
- What is your customer's emotional makeup?
What does he really want and what does he really need?
- How does the customer perceive your service offering?
- What can you contribute to your customer's success and satisfaction?
Stand out from the crowd with the right, benefit-oriented approach. Statements made in marketing, sales, or presentations are often far too general. To prevent your customer from turning away, you should clearly state from the outset what distinguishes your company, product, or service and sets it apart from others.
Do you have a unique selling proposition or special features that set you apart from your competitors? Perhaps you've even specialized in a particular field or have especially high quality standards? Even on a small scale, you should always emphasize valuable values such as reliability, tradition, or excellent service. Give your potential customers a reason to contact you before anyone else.
3.) Design a new sales process
Open-ended questions encourage your customers to reflect on their problems. By specifically examining the weaknesses of their current lifestyle, they become more receptive to new solutions. Keep in mind that most of the needs of individuals and businesses are already being met today.
One of the biggest challenges in product presentation is that the customer isn't ready to buy and is content with their current solution. Asking open-ended questions is a smart approach, as it creates a sense of urgency for the customer to take action.
When you then highlight the advantages of your innovative product, the chances increase that your customer will become increasingly interested and ultimately accept the offer. Therefore, it's not advisable to make an offer too early. Skillfully leverage the pressure to act and generate anticipation.
4.) As a good salesperson, focus on learning rather than performance orientation.
Many products require a completely new mindset from the customer. If you want to sell your products, you should ask the potential buyer about each benefit and whether it represents a real advantage. Find out if your customer can realistically envision making the purchase.
Learning a new behavior can trigger anxiety and uncertainty. Many people are so stuck in their old habits and their trust in the tried and tested is so strong that they hardly dare to try innovations.
That's why it's so important for you to train your perception and identify and address even hidden fears. Whether on the phone or in person, your voice and tone should always sound positive and attentive.
Show your commitment, because you clearly want to dispel any doubts with credible references. For example, you could include particularly compelling images or testimonials from other customers in your PowerPoint presentation.
Essentially, every sales conversation is also a valuable learning experience for you. Even if your customer doesn't want to buy the new product, you should use this experience for self-reflection. Ask yourself what went particularly well this time and what you can change or improve for the next meeting.
Where does your potential for development lie? What reasons might there be for the customer rejecting your offer or choosing the competition? Why did the buyer specifically prefer your product? What can you learn from this for the future?
Visualize the benefits of your product/services
For your customer to respond to the product, they need to be able to mentally visualize the change. Appeal to all of the customer's senses. Expressive colors and images evoke specific emotions and stimulate the imagination.
Assure the customer that the new purchase will drastically improve their well-being. With some products, such as a massage chair, this is certainly easy, as the customer will have a concrete idea of the wellness effect.
However, even more abstract topics like thermal insulation should be presented in an appealing way, without using overly flowery language. It's important to clearly outline the key benefits to the customer. Sharing the experiences of other customers or providing testimonials will take the customer on a mental journey, allowing them to visualize owning the new product in the future.
If possible, let the customer experience the product's benefits with all their senses: smell, taste, sight, hearing, and touch. This makes it easier for them to identify with it in their everyday lives. A sensory experience always sticks in our minds better than information conveyed in a cold and abstract way.
Rational decisions are triggered by emotional experiences.
Although it may sound illogical at first glance, there is a close connection between our sensory perceptions and rational decisions. The customer only reacts when certain feelings are triggered within them. These can be extreme joy, but also a feeling of potential loss if the situation doesn't change.
Remember that your customer wants to be "seduced" to a certain extent. Even if they initially react with categorical rejection, that doesn't necessarily mean a sale won't happen. Be patient and don't be discouraged right away.
Often, the customer simply has certain prejudices or may even have been negatively influenced by friends or family. Be open and understanding, but don't forget to remain persistent and consistent in focusing on the actual issue.
Remember:
"Without emotions, there is not a single purchase decision."
5.) Clearly present the benefits and references.
In your product presentation, briefly describe the product and, most importantly, its benefits. Illustrate your PowerPoint presentation by listing interesting references where the product or service has already been successfully used.
It's important that you focus on just one or two examples and keep your description as brief as possible. Your customer will only consider the new product if its practical benefits are clear to them and if the price seems justified. If you can't adjust your prices flexibly, you may need to find a new target group.
If possible, you should offer different prices. For example, you could have your standard price for work on a fixed date, and then offer a discount on services that fit into your schedule when it's convenient.
Another option would be a special price that you offer if the customer pays within a certain timeframe. With a slogan like "You set the price here," you'll pique your customer's interest and definitely leave a lasting impression.
In general, you should always strive for high quality in fulfilling orders.
That means:
- Complete your task on time and reliably.
- Ensure excellent and complaint-free quality.
- Keep your promises.
- Make credible statements so as not to jeopardize the trust the customer has in you.
Give the customer the feeling that they can actively participate and have an influence.
Who willingly relinquishes control over their life? If, for example, you want to sell a pool for the garden, the benefits and advantages should be obvious. The size, individual design, and additional accessories allow the end consumer to actively participate in shaping their product.
A product that is tailored to the customer's personal taste and emphasizes their individuality is always much more attractive than a generic product that everyone has.
Do you offer a free short consultation?
One of the most important aspects is establishing initial contact with the client. For example, if you work as a coach, you could offer a free, no-obligation consultation of 15 to 20 minutes. This allows the client to get a feel for what you offer.
This also applies to other products and services, of course. Being able to try something "for free" is a real incentive and gives the customer a good feeling. So don't hesitate when it comes to offering a test drive or free sample.
6.) Establish a supportive corporate culture
Instead of solely training your employees in sales, you should focus on your company culture. An agile corporate culture is invaluable for your organization's success. Train your employees in how to interact with potential customers.
For example, regular customers at a café should receive a particularly warm welcome. At the same time, it doesn't make a good impression if staff members are loudly discussing inappropriate topics and simply ignoring customers. Instead, the focus should be on providing good and thorough advice, so that the customer feels valued and welcome.
As you have already observed, various elements contribute to corporate culture. These include specific behaviors and rules, but also symbols and an appealing work environment. The distribution of power, responsibility, and decision-making also plays a crucial role. Another key to success is the style of communication.
Invest time in the follow-up care of your prospects.
It would be a mistake to think that your work is finished once you've submitted the offer. Contact the potential client again as soon as possible, even if it's just three days later. Don't wait too long! It's not being pushy to ask if the offer is complete or if there are any questions.
Once your order is confirmed, you should definitely thank the customer and express your appreciation for their trust. This will create the best conditions for the customer to recommend you to friends and family and to shop with you again in the future.
