One of the most common things I hear from sellers is “Get me in front of the right guy, and I can close them”. Big deal, so could any monkey dressed in the right suit, that’s why the big money in B2B sales is made by those who can actually get in front of the right guy long before the closing monkeys show up, those who can OPEN.
Closing opportunities that were initiated by the buyer themselves is cute, but is it enough? When asked if they can meet or exceed quota relying strictly on deals that were initiated by the buyer, most admit the answer is no. In addition to those who come to them, they have to identify, qualify, prospect and engage with potential buyers who left on their own, would not have stayed out of the market in the current timeframe.
When A Tree Falls In The Forest
When you ask sales people or organizations, whether they could make or exceed quota by closing only opportunities initiated by the buyers themselves, and most admit, no. Meaning they have to go out and prospect buyers, who left to their own, would stay on the sidelines, and remain oblivious to any social activity, messaging, or any other on line activity. It is very much like the tree falling in the forest. If the buyer is not online, but instead in their businesses, their shops, trucks, or offices, doing their thing, then they can’t see or interact with anything you may dangle out there. This, by the way, represents about 70% of any defined market, if not more.
Sure, one alternative is to double down, increase your efforts to entice and succeed with those buyers who are interacting with what you’re dangling. But we also have to remember that these buyers are rarely monogamous. They are visiting all your competitors’ sites, and playing footsie with all they’re dangling. In a “good enough” world, you all begin to look the same at about the 67% – 70% marker in the journey, leaving price as the big differentiator.
Back To The Start
Openers, know how to identify and speak with those 70% who are entrenched on the sideline. They can shape the thinking of the buyer much more so than one could at the 67% marker. While any intelligent buyer will compare you to others, Openers know how to frame the opportunity in ways that will directly influence how those buyers will filter your competitors.
The risk these days is that everyone is so fixated on closing, they overlook the need for Openers, placing all their early cycle success in means that are not delivering. While many bought into the SDR wave, stats about SaaS sales success can be scary by any standard. One reason again is that the emphasis is not opening the opportunity, creating a base for success, and without that foundation, it is hard to build.
Unfortunately, the discussion has eroded into a question of style, social vs. traditional. But impact has been deeper, as many who shun traditional prospecting, say telephone prospecting or cold calling, also abandon the skill of opening, as that step is left entirely to the buyer. Time to focus on why we do something, not just the how. For real sellers, the why is about the Open.