Virtual Event: Marketing Technology & Its Impact on the Sales Pipeline

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A Quick Recap of the Virtual Event

Macro President & Founder Dan Radu joined Sandler Toronto President Chris Kelly in a recent conversation about how marketing technology can impact, enhance and boost the sales pipeline. Over the course of the 52 minute webinar, Radu and Kelly explored many aspects of the famous Sandler submarine, and how it integrates with modern sales thinking and the digital marketing tools we use.

In today’s world, both the buyer and the seller have an abundance of information; without a streamlined process between sales and marketing, organizations risk leaving a huge amount of efficiency—and therefore revenue—on the table.

Listen in on the Conversation:

 

The Sandler Sales System

David Sandler founded The Sandler Sales System over 50 years ago. Since then it’s grown into a global network of highly acclaimed training centres. Sandler Toronto President Chris Kelly says that, “Sandler is not so much a sales process as it is a system that fuels a process.”

The core of the idea is captured in one phrase: “Sandler is an adult-to-adult, truth-based, conversational selling system.”

Adult-to-adult, having its roots in Transactional Analysis, speaks to the idea that many sales interactions have a power imbalance, where one party feels they wield significantly more power than the other (usually the buyer). This is more akin to an adult-to-child interaction. The Sandler system seeks to balance the power dynamic.

Truth-based is straightforward: too many salespeople lie. Buyers also lie about their selection and decision making process. Sandler’s system has no room for sleazy tricks or misrepresentations.

Finally, conversational refers to the idea that there is an ongoing exchange of ideas, that each party in the process contributes meaningfully. It’s not about a pitch, it’s about a conversation.

Sandler trainees are taught to enable these core principles through a variety of modules, techniques and exercises. A key guidance system is the Sandler Submarine.

 

Marketing Technology and The Sandler Sales Submarine

The submarine consists of seven compartments. You can travel back and forth between them, as long as you passed through each of them first. Marketing technology supports each compartment of the submarine.

 

1. Bonding & Rapport
2. Up-Front contract
3. Pain
4. Budget
5. Decision
6. Fulfillment
7. Post-Sell

Kelly and Radu’s conversation focuses on the first four.
 

Bonding & Rapport

“People buy from who they like, and they like themselves the most,” explained Kelly. This initial step of the submarine teaches the importance of developing a positive, genuine relationship with a prospect.

In the modern world’s digital reality, the opportunity to use face-to-face conversation is limited. Often, initial interactions with your prospects may be entirely virtual. 

Radu said that marketing technology can help virtually improve bonding & rapport by:

• Enabling localized content: data and personalization software can determine where somebody is from. Content that displays in their native language, or relates to their industry or pain points has a higher chance of making someone feel welcome.
   
• Humanizing the brand: Including real photos of the salespeople the prospect may eventually speak to can help ease them into the process.

 

Up-Front Contract​

The Sandler Up-front contract (UFC) is an idea so simple that it may seem revolutionary. Early in the sales conversation, the prospect is told exactly how time and money they’ll be expected to invest in whatever sale is on the table.

“You have to be disarmingly honest,” said Kelly. “The goal of the UFC is to get agreement upfront so that expectations are met. You must remind the buyer that they can say ‘no.’ This further helps build rapport.”

When both the seller and buyer are comfortable with the idea of “no,” it shortens sales cycles, and stops dead-end sales cycles before they can drag on.

Radu observed that very few marketing campaigns take this philosophy to heart—how many copywriters are encouraged to write language that makes the customer feel okay saying “No thank you?” From a marketing technology standpoint, any lead generation forms or drip campaigns should keep UFCs in mind, and offer prospects a way to say no (besides a barely visible unsubscribe button).

 

Pain

Kelly pointed out that many marketers default to positive messaging: they talk about all the good feelings, features, and benefits that a product or service can bring.

But Sandler finds much more success in closing business when a buyer’s pain is placed on centre stage. Pain has a strict definition: “the personal, emotional, compelling reason to act or change.”

Marketing CRM technology can play a big role in identifying prospects who are in the most pain, said Radu. CRMs are powerful in their own right, allowing marketers and sales alike to classify, score, sort and prioritize leads. But when marketing is aligned with the kind of prospects that sales closes more easily, this process can be vastly improved.

 

Budget

The budget conversation is usually not one where marketing gets involved, said Kelly. By the time the budget conversation comes around, marketing’s job should be focused on sales enablement.

However, there are many risks that can crop up if marketing and sales are not in close communication. For instance, if someone is in the budget discussion phase, it could be harmful if they are still seeing marketing content, either in the form of emails, ads, or other digital means. Sales has an opportunity to classify budget-ready prospects in the CRM, and the CRM can place these prospects in an exclusion list. But none of this happens if sales and marketing do not have consistent tracking in play.

 

No Matter the System, Sales and Marketing Must Work Together Towards the Same Goal: Revenue

Regardless of the system or the process, communication failure between sales and marketing will introduce disorganization and inefficiency into any revenue generation operation. “A major deal killer can be when the left hand doesn’t know what the right hand’s doing,” said Kelly. “Whether that’s ops, leadership, marketing, or sales. If the prospect sees one thing here and hears another there, it can sour the whole experience.”

Adding marketing technology to the mix—which is pretty much par for the course for any modern organization—only further underscores the importance for tight collaboration between sales and marketing.
 

 

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