The B2B segment in the US is huge, with over 3 million businesses generating trillion-dollar revenues annually. While most of these brands leverage modern marketing methods, the traditional telemarketing approach continues to go strong. It is an invaluable marketing tool because human connection is still a game-changer in the age of AI.
Did you know that seven people on average are decision- makers in a typical firm with 100-500 employees when it comes to B2B buying? They are likely savvier than B2C buyers, so they dig deep before making buying decisions. As a seller, you need to know what drives them to buy a product or service.
Telemarketing can help you know your buyers better, forge deeper connections, and generate high-value leads for your business. These leads may eventually become loyal customers due to strong relationships.
But you cannot expect results just with old-school cold calling. You must step up the B2B telemarketing game plan in 2023 to keep pace with the digital channels. Here are a few actionable tips to ramp up the strategy.
B2B offerings are not the same as B2C products and services. It takes a different approach to convince corporate buyers to close deals for software-as-a-service or financial advisory tools. You cannot expect novices to handle queries and address doubts of knowledgeable decision-makers. Hiring a team of seasoned sales reps is an option, but it can easily burn a hole in your wallet.
Outsourcing B2B telemarketing is a far better alternative, as you have the best professionals in the industry taking the lead. Since these providers serve clients from different domains, they have a diverse experience that can give you a winning advantage. Not to mention, you can make hefty savings by outsourcing expertise.
According to Blue Valley Marketing, telemarketing is an integral element of a well-rounded B2B marketing plan, even when digital outreach emerges as a popular strategy. For example, human conversation can never be out of the selling process in the tech industry. Buyers need several answers to get comfortable with the idea of a software tool handling their critical processes.
Knowing your audience is the mainstay of marketing success in any industry, and the B2B segment is no exception. According to statistics, 37 percent of B2B marketers state that speaking to buyer challenges is a key factor in their success.
Understanding buyer challenges boils down to knowing them well enough in the first place. Ramping up your B2B telemarketing strategy requires an in-depth overview of every potential lead before calling them. Planning your call helps you create a personalized pitch addressing the pain points of the recipients.
Besides knowing your audience, you can benefit from creating buyer personas and segmenting the target audiences. It facilitates a more structured approach for your telemarketers, helping them achieve more with less.
Another strategy for an effective B2B telemarketing strategy in 2023 and beyond is to clean your call lists frequently. It requires maintaining an accurate data set and updating the correct information on the lists.
You must also eliminate redundant and duplicate contacts from the lists to ensure that the calls go only to the right people. Believe it, they tend to accumulate over time.
Imagine the time and effort your telemarketers can save by following an updated lead list instead of dialing random numbers and talking to people who will never convert. Although frequent cleaning of data sets sounds like a lot of work, it is worth the effort.
Like any other business strategy, B2B telemarketing requires tracking and monitoring to ensure it is on the right track. How do you assess the success of a campaign? Are you happy with the outcomes of the current strategy?
You cannot take a set-and-forget approach to telemarketing, even with the best sales reps on board. Tracking metrics such as response rates, conversion rates, and total sales gives you the answers regarding campaign performance.
While choosing an outsourcing provider, look for one that offers transparency with ROI metrics. This way, you can rework your strategy if the numbers do not seem favorable.
Undoubtedly, B2B telemarketing remains an essential part of B2B outreach, even when digital channels emerge strong. But you cannot expect results with a conventional process entailing cold calls and random emails.
You need to take a more targeted and data-driven approach to make the most of your B2B telemarketing plan. The best solution for businesses is to collaborate with experts with a solid track record and broad expertise.