How Can I Get Them To Buy Sooner? | Cindy Allis - 1844
Nov 8, 2024
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Cindy Allis, CEO and Co-founder of Floatist, shares her insights on overcoming seasonal sales challenges in the yacht industry. She reveals strategies for compelling clients to make quicker decisions, such as using incentives and adapting to market trends. The conversation highlights the importance of mutual action plans and digital sales rooms to keep prospects engaged without overwhelming them. Cindy also discusses how understanding decision-making dynamics within organizations can help reduce delays in the purchasing process.
Creating urgency in B2B sales involves understanding customer seasonality and offering early incentives to facilitate quicker decision-making.
Utilizing mutual action plans helps visualize the sales process for clients, fostering accountability and structured interactions for timely follow-ups.
Deep dives
Building Urgency in Sales
The episode focuses on generating urgency in B2B sales, particularly during the critical fourth quarter. As sales professionals aim to close deals before the year ends, it's vital to create a sense of urgency without appearing overly aggressive. The importance of understanding the seasonal dynamics of customers’ businesses is highlighted, as many customers may not be ready to make significant decisions until peak seasons have passed. Techniques such as offering early discounts for commitments made in advance are discussed as strategies to nudge customers toward quicker decision-making.
Incentives Beyond Discounts
Offering additional features or services can be more appealing than discounts in encouraging faster sales decisions. The episode reveals that providing access to new features, such as inventory management, can incentivize customers to commit early by adding perceived value. This approach could be particularly effective in industries where customers tend to delay decisions. By emphasizing the benefits of acting sooner rather than later, sales professionals can better align their offerings with customer needs and timelines.
The Mutual Action Plan Concept
The concept of a mutual action plan is presented as a powerful tool for improving the sales process and fostering accountability among prospects. By collaborating with clients on a clear timeline and defining key steps, sales professionals can help clients visualize the process and address potential delays. This strategy encourages prospects to actively participate in their decision-making journey, bringing clarity to the steps needed to onboard new services. Integrating this approach can lead to more structured interactions and timely follow-ups, ultimately helping to close deals more effectively.
You’re waiting for a client to respond to your offer, but it’s taking longer than expected. How can you get them to speed up their decision? Listen to my conversation with Cindy Allis, CEO and Co-founder of Floatist, where I show her how to create urgency and close deals faster.
Meet Cindy Allis
Cindy Allis is the CEO and Co-founder of Floatist, a B2B tech company in the yacht industry. Currently, her industry is facing seasonal challenges, making it harder for her sales team to navigate the B2B sales cycle.
In our discussion, Cindy shares some of her team’s strategies, including offering incentives to help customers make quicker decisions. I also provide tailored sales advice to address the challenges her team faces during the Q4 period.
Insights on Sales Seasonality
Cindy highlights the impact of seasonality on their sales process, explaining how charter companies’ pricing strategies influence their business.
She notes a recent extension in the peak season, driven by market trends and events like the Olympics.
This shift complicates their sales outreach, requiring her team to adapt their strategies to keep up.
Mutual Action Plans and Digital Sales Rooms
I introduce the concept of mutual action plans and digital sales rooms as tools to guide prospects visually through the sales process. Given that 65% of people are visual learners, these tools prevent information overload and keep prospects engaged.
I also mention an effective tool called Aligned, which helps sellers collaborate with prospects and accelerate the sales process.
“It’s dangerous, I feel, but for the mutual action plan… I really believe that to be more effective in sales, you need to uncover the needs of your prospects.” - Cindy Allis.
This episode is brought to you in part by Hubspot.
With HubSpot sales hubs, your data tools and teams join a single platform to close deals and turn prospects into pipelines. Try it for yourself at hubspot.com/sales.
This episode is brought to you in part by LinkedIn.
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