3 Ways Generative AI Will Help Marketers Connect With Customers
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The sales environment is overwhelmingly digital. McKinsey & Company found that 80% of B2B buyers want self-serve digital options. It’s a similar story in B2C circles, where up to 70% of deals are closed online, depending on the industry. With this in mind, you’ll have a better chance of reaching your customers by upskilling with digital sales. This guide will help you get started.
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Digital sales refers to the process of selling your products and services online. This includes many different digital channels, including websites (online stores), social media platforms, email, and chat.
Digital sales lets you connect with your target audience on platforms that are commonly used today. Additionally, it offers these benefits:
B2B (business-to-business) and B2C (business-to-consumer) both use digital sales channels. However, they have vastly different sales processes. Let’s look at the key differences:
B2B companies sell to other businesses — industries needing raw materials, manufactured goods, software, or other products to run their businesses. For example, Salesforce is a B2B company that sells its products and services to help businesses manage customer relationships.
B2B sales target large groups of decision-makers (upwards of 10-14 people) who make purchase decisions for high-priced products or services that typically affect the entire organization. This not only raises the stakes for both the buyer and the seller, but it also requires customized solutions based on the business’s needs. By the same token, it means you’ll have a much longer and more complex sales process than in B2C.
Given these characteristics of B2B sales, digital channels are used for early-stage communication (prospecting), but are less frequently used towards the end of the sales process when in-person meetings better serve to negotiate the complex details of a sale.
B2C companies sell directly to customers. Anytime you shop online, you’re involved in a B2C sale. In contrast to B2B sales, there are fewer decision-makers involved and much lower stakes, so the process is much quicker. Think about ads on Instagram or products in an email — it sometimes takes just a few minutes for a consumer to see the product and decide to buy. As a result, the focus in B2C is on experience, value, and instant gratification. This makes digital selling much easier throughout the entire process — from awareness of a product in an email or social media ad through purchase in an online store.
A digital sales room (DSR) is a secure, online space where sales teams and potential customers collaborate, typically for complex B2B sales. The centralized hub streamlines the buyer experience by providing easy access to stakeholders and communications all in one place. This not only drives engagement but helps you stand out from the competition who often manage sales in multiple channels/spaces.
Digital sales rooms evolved from simple online folders with basic document sharing and communications features to the sophisticated microsite platforms. They often house personalized, interactive content, demos, presentations, and other deal-specific assets. In addition, DSRs are optimized with real-time analytics that track customer engagement and integrate with CRM tools to streamline workflows.
Digital sales focuses on closing deals. It uses tools like sales automation, live chat, personalized offers, and product demos to convert qualified leads into paying customers. Digital sales success is typically measured by conversion rates, average order value, and sales cycle length.
Digital marketing is a long-term strategy aimed at building brand recognition and bringing prospects into a company’s ecosystem, encouraging them to buy. Instead of zeroing in on a single buyer or small group of buyers, it focuses on the entire target audience. Common tools in the digital marketer’s toolbelt include SEO-optimized content that brings prospects to a company’s website and social media posts that showcase a company’s products and expertise.
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Choosing the best digital selling tools for your business depends on your needs and budget. Consider adding these to your sales toolkit:
When you understand your target audience’s needs, the possibilities for effective digital sales are endless. With this in mind, here are examples of digital selling strategies to consider:
Digital sales are here to stay, so it’s time to make the most of your strategies. As customers demand more self-service options, personalized experiences, and seamless purchase journeys, you have the potential to create meaningful customer connections and grow your business. To make this possible, be sure to use the right tools — like email, social media, and e-commerce platforms — to nurture customer relationships. Use your CRM to analyze data, perfect your digital sales process, and connect with your customers when it matters most.
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