Sometimes, you have to stop, take a look around, and take stock of where you have been and where you are going. For me, that time is right now. Don’t worry; I’m still the Sales Navigator. I’m still here to train, coach, hire, assess, and speak. I love what I do way too much to do anything else!
No, what I’m taking stock of is the sales profession itself. I’ve been saying for years that sales is changing faster than ever before, so pardon me if I sound repetitive – but SALES IS CHANGING FASTER THAN EVER BEFORE. In fact, it’s changing faster than it was last year, or the year before that. The reasons are technological, generational, and even cultural. Essentially, there are four big trends will drive sales into the future, and I plan to be on the forefront of it – which means that if you’re reading this newsletter, you will be, too. Here they are:
Artificial Intelligence: Transforming the Sales Landscape – Artificial Intelligence (AI) will be a game-changer in the sales industry. AI-powered tools will allow you to streamline processes, enhance efficiency, and d a far better job of communicating with your customers. As the use of AI grows, you can use those algorithms to analyze vast amounts of customer data, which in turn helps you to identify patterns, and predict buyer behavior, and create personalized marketing and sales content. Don’t get me wrong. AI is not magic. It is not a cure-all. It is a tool. It is the most robust tool ever developed for improving sales communication – but it is still a tool, and as such, it is useless without people to utilize it properly. If it is used properly, well, good grief, the capabilities it gives you are something I couldn’t have even imagined a couple of years ago!
Younger Buyers: A Shift in Sales Dynamics – The rise of the digital generation has given birth to a new breed of buyers – younger, tech-savvy individuals who have grown up in a connected world. These buyers demand personalized experiences, instant access to information, and seamless digital interactions. To succeed in this new era, salespeople must understand and adapt to the needs and preferences of younger buyers. This requires leveraging technology, embracing social selling, and modifying your current ways of customer approach. By harnessing the power of social media, influencers, and content marketing, sales professionals can build trust, engage with younger buyers, and establish long-lasting connections. One refrain I hear about younger buyers is this: “Younger buyers don’t want to see salespeople!” Not true. They will see salespeople – but when they do, they expect more per-minute value for their time. They expect you to be on game, informed, and ready to help them do business. And if you aren’t, you probably won’t get a second shot. I actually empathize with this; as anyone who has ever sold to me can attest, these have been my habits. Maybe everyone else is catching up to me!
Younger Salespeople: Embracing Fresh Perspectives – Just as younger buyers are shaping the sales landscape, younger salespeople are bringing fresh perspectives and approaches to the profession. These digital natives possess an innate understanding of technology and are quick to adapt to new tools and platforms. Their agility, creativity, and willingness to embrace change can help revolutionize the sales process. However – you MUST invest in training and mentoring these younger salespeople, harnessing their energy and innovation, and you have to be flexible in how you convey that knowledge. In fact, if you do it right, you can cross-pollinate the tech-savviness of your younger salespeople with the wisdom and experience of seasoned veterans, and make everyone better. Are there challenges? Hell, yes. Sales managers need to up their game in the same way that salespeople do. But if you do, big wins await you.
Empowered Buyers: The Shift in Power – Here’s the one I’ve been talking about for the past few years. In the past, we salespeople held the reins, guiding buyers through the purchasing journey. However, the tech revolution has fundamentally altered this dynamic. Today, your buyers have access to an abundance of information at their fingertips. They conduct extensive research, read reviews, and seek recommendations from peers before engaging with a salesperson. In fact, studies show that today’s buyer has completed 57% of his or her buying process before ever seeing a salesperson. Sales professionals MUST acknowledge this shift in power and adapt accordingly. You are no longer the star of the show – the customer is. And your “sales process” is worthless. What matters now is the Buyer’s Journey, and your ability to help the customer navigate their journey.
Spoiler alert: If you want to succeed, you must embrace these four trends. When people converse with me at conferences about these four issues, what they mainly do is complain.
“That gosh-darned AI stuff is gonna replace us!”
“Dang kids don’t even wanna talk to salespeople!”
“Young salespeople just won’t go make sales calls!”
“My customers want to call all the shots!”
Look – you (we) can get on board, move forward, and succeed. Or you (we) can be the old guy yelling, “Get off my lawn!” As I noted before, each one of these four trends presents opportunity, and each one presents challenge. How you (we) handle the challenges will dictate whether you can capitalize on the opportunity.
This also doesn’t mean that every sales skill you have learned is worthless. Unless it’s one of those techniques that depends on manipulating uninformed customers, it probably has a place in your repertoire going forward. It just needs to be augmented with new skills and capabilities, refined to speak to new buyer preferences, and perhaps rechanneled a bit.
And I’m going to help. I’ll help with free whitepapers (I’m developing a couple right now), YouTube videos, more of these blog posts, training programs (both in-person and online), and other resources. The four trends will also impact my Coaching and Hiring Assistance programs. I’ve talked about the Elements of Sales for several years now; perhaps these four trends are the new Elements of Sales for the future. And the future is NOW. Let’s navigate them together on our journey to success.