When buyers get 15 rep calls and 25 emails per day, there's no way they can spend time with everyone who wants a piece of their attention. So for decades, media companies have used perks -- large and small -- to get on a buyer's radar. The classic example is reps taking planners to the salon for a manicure and pedicure, so they can informally get the scoop on upcoming RFPs.
Then there are the gifts. Small branded items have been part of the business for years. Larger gifts seem increasingly common. Many media companies are passing out iPads and AG jeans in the lively expectation that they will be remembered -- and considered -- in upcoming buys. But is this actually effective in a world so singularly focused on driving better results? The truth is this type of relationship selling is no longer as powerful as many believe.
There has been a lot of buzz about "The Challenger Sale," a book by Matthew Dixon and Brent Adamson. One central theme of the book is that relationship selling is far less effective at driving business than most people think. The authors divide sellers into five broad categories:
Perhaps the most surprising finding from their research is that relationship sellers tend to be far less effective than other sellers, especially versus challenger sellers. According to the authors, this is because the relationship seller is looking for harmony and "good meetings" while the challenger seller is consistently focused on providing ways to grow the client's business.
Many digital sales organizations focus on the relationship sale out of a perception that all solutions are fairly similar and the customer's decision of whom to work with relates more to emotional considerations than rational ones. But here's the rub. Clients and prospects don't want more of the same, they want better stuff. Far more than pretty nails, what the buyer really wants is a way to deliver better results.
My dear friend John Durham, CEO of Catalyst SF, says it best:
"I've always believed it's product first. That you need to deliver a great solution, and that your people need to be able to talk about it in a smart way. That's even more true today than just a few years ago. When today's buyers meet with a potential partner, they are more prepared -- with smart questions, product experts, requests for detailed information. You won't make a sale to an inquisitive group like today's strategic buyers if you're relying on schwag and a free dinner to make yourself stand out."
One of the most vivid ways I've experienced this is through the change in who has a seat at the table in a typical prospect meeting. Before, meetings were dominated by generalists primarily looking for incremental improvements in their well-established ways of engaging consumers.
These days, minor upgrades aren't enough. Buyers now want big advances. And they have teams of internal experts to ensure that they get them. When a seller calls on an agency there is likely to be a data expert, platform expert, and device expert in the room, each of whom has a set of highly precise questions as to methodology, results, and proof.
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1 The 5 types of terrible networkers
2 The top 4 consumer trends you need to know
3 The most meaningless (and hilarious) job titles on LinkedIn
4 The best social media campaigns of 2013
5 Top 10 trends marketers wish would die