Sales Leaders Are Ignoring An Effective Strategy To Gain Access To Executive Buyers

In our research, executive buyers tell us that referrals are far more effective than other approaches for gaining access to them. Yet the referral strategy is ignored in most corporate sales organizations. If you want your salespeople to have greater success accessing executive buyers, then it’s time to consider this important yet forgotten strategy.

What Is A Referral?

In his recent report, “The Lost Art Of Referrals,” my colleague Norbert Kriebel defines referrals as: 

“A message strategy to transfer the value of your offerings from an existing customer to another; the existing customer is ‘vouching’ for you.”  

This report notes and describes four basic sources of referrals:

  • From a colleague in the company.
  • From a colleague outside of the company.
  • From a subordinate.
  • From a superior.
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What Do Reps Believe Makes A Meeting Successful?

Do salespeople in different roles (e.g., strategic accounts, geographic, inside sales) and with different levels of experience have different perspectives on selling? Not significantly, according to our Q1 2012 North American Technology Seller Insight Online Survey.

Our recently published report “What Do Reps Believe Makes A Meeting Successful?” illuminates how similar the perspectives of sellers in different roles and with different levels of experience really are. If your company has one kind of sales role and one very consistent type of buyer, and they are well aligned, then this data may not much matter to you. But if you have different roles and types of buyer, then it’s worth examining the data in this report.

We found that three-fourths of salespeople agree that the most important aspect of a successful meeting with prospective buyers is their ability to understand the buyers’ business issues and share a way to solve them. The thing is, Forrester’s Q4 2012 Global Executive Buyer Insight Online Survey data, and interviews with executive buyers, clearly illuminate that the majority of buyers believe that salespeople are not successful in meetings with them. 

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