The pandemic has caused businesses to break down many of their long-standing systems and innovate on the fly to alter or replace them during the last year. The majority of these changes are likely to differ between firms and industries, but the sales model is one area where practically everyone is seeing rapid change.
In-person meetings, demos, and tours, which were once a key component of a customer's evaluation process, are no longer practical, and "virtual selling" is emerging as the newest sales trend. Despite the anxiety that comes with such a drastic change, businesses may discover that virtual selling is an unexpectedly rewarding experience for both themselves and their customers.
Here are a few ways selling virtually can help your business.
Businesses are juggling more competing demands than usual as a result of the shift to remote work and the changing landscape of employee engagement. Because you'll be able to devote less time and energy to the sales process, you'll be able to focus on assuring company continuity and focusing on your business's most precious asset: your employees. Providing a simpler and more effective sales experience can assist them in making this a reality.
Virtual sales streamline the sales process by removing the need for both you and your prospects to travel. Your prospects can use the time and money saved by eliminating the planning, travel time, and expenses involved with in-person meetings to address other pressing requirements, which is especially important in these financially hard times. Furthermore, virtual meetings allow your prospects to bring in more of their key business leaders to sales meetings, resulting in faster decision-making and a more efficient process overall.
2 It's Still Personal
Prospects may be concerned that their interactions with your sales team and education about your product will be less personal if they are unable to meet in person. According to Epsilon, 80% of consumers are more inclined to make a purchase when brands provide tailored experiences.
Virtual selling allows firms to transmit information they would have shared in person in new and imaginative ways while requiring extra work and out-of-the-box thinking. Prospects can have an equally unique and personal experience by adopting a more creative approach to presenting your staff, offering prospects a deeper insight into your product and business strategy, providing a "virtual tour" of your facilities, and more.
Furthermore, because there are no travel-related time limits, prospects can ask more questions and halt sales conversations as needed, further customizing their overall experience with your team.
After last year's uncertainty, your prospects will want to know that your company can provide them with a sense of security. For your prospects, being able to give a consistent experience from the sales process to onboarding, client management, and customer service can be reassuring.
This can be ensured with the use of a virtual sales model. Even before the pandemic, most businesses, particularly those in the technology sector, conducted most client interactions digitally once they were onboarded. Email, phone calls, and regularly planned virtual meetings are the most common ways in which your team communicates with clients. You may provide prospects a realistic glimpse of their everyday experience with your team early on by using a virtual selling method. Plus, they'll be used to engaging with you electronically right away, ensuring a consistent and solid experience throughout their time with your company.
While the rapid emergence of virtual selling is a direct response to the epidemic, businesses may discover that many aspects of it are here to stay due to the efficient, consistent, and personalized experience it provides. In fact, a Mckinsey & Company survey released in May indicated that over 80% of businesses are “very likely” or “somewhat likely” to keep their new sales model, which mainly relies on digital marketing.
So, what does this imply for companies? In the aftermath of the epidemic, it's important to rethink not only your short-term sales approach but also your long-term sales model because virtual selling methods may be here to stay.