In sales and business in general, having a powerful ally within your prospect's or customer's organization can make all the difference between securing a deal and missing out on a valuable opportunity. A buying champion plays a crucial role in influencing decisions and advocating for your product or service. But how can you harness the potential of your buying champion to co-create successful deals? In this blog, we will explore the art and science of collaborating with your buying champion. We’ll have a look at strategies, communication techniques, and real-life examples to guide you on the path to forging strong alliances and achieving mutual success.
Identifying a buying champion is the crucial first step in the co-creation process. They are usually people who have a lot of influence over the purchasing decision. Look for signs such as their active engagement in discussions, their ability to influence stakeholders, or their genuine enthusiasm for your solution.
A typical buying champion can take on different roles and personas within an organization, but they all share certain characteristics and behaviors that make them stand out from the crowd. Here are some profiles to look out for during your conversations with prospects:
A buying champion can exhibit a combination of these traits, and their specific profile may vary depending on the organization, industry, and circumstances. Identifying the type of buying champion you're dealing with can help you tailor your approach and build a more effective partnership.
Once you've pinpointed your buying champion, the next step is to cultivate a strong and mutually beneficial relationship. This involves more than just professional interactions; it's about forging a connection built on trust, respect, and shared objectives. In the next sections, we’ll have a look at how to uncover and understand your champion’s objectives, how to develop co-creation strategies that work, and how to communicate with your buying champion for lasting success.
In any business or sales endeavor, aligning your goals with the goals of your key contact or buying champion within a prospect organization is a strategic must. This alignment means that your objectives and the objectives of your buying champion are in sync, working towards a common purpose. This is vital for several reasons:
Aligning your goals with your buying champion's objectives is a strategic move that not only facilitates the deal-making process but also sets the stage for a more productive, mutually beneficial, and enduring partnership.
Understanding your buying champion's unique objectives and motivations is a critical step in building a successful relationship and crafting deals that meet their needs. Here's why it's important and how you can go about it:
To uncover your buying champion's objectives and motivations effectively:
a. Conduct interviews: Engage in one-on-one conversations with your buying champion. Ask open-ended questions to encourage them to share their goals, challenges, and vision for the future. Listen actively and attentively to what they say.
b. Research and observation: Study their role within the organization, their department's goals, and any public information about their initiatives or challenges. Pay attention to their behavior and communication style, as these can provide valuable clues about their motivations.
c. Leverage your network: If possible, tap into your network or connections within the prospect organization to gather insights about your buying champion. Colleagues or contacts may have valuable information to share.
d. Ask for feedback: Seek feedback from your buying champion throughout the sales process. Inquire about their concerns, objectives, and how they envision your solution fitting into their plans.
When you uncover your buying champion's specific objectives and motivations, you'll be better equipped to position your product or service as the ideal solution, making it more likely that they will champion your cause within their organization and help you navigate the path to a successful deal.
Creating successful deals with your buying champion is all about doing it together, in agreement with one another. But, you still need to be strategic during the process. Here are a few ways and examples to make sure your co-creation strategies will hit a home run.
Collaborative brainstorming and problem-solving involve working closely with your buying champion to address challenges, explore opportunities, and develop creative solutions together. This is a more cooperative approach and you can strengthen your partnership and lead to more successful deals.
Example: Imagine you're selling a software solution to a healthcare organization. Your buying champion, who is the head of IT, expresses concerns about the software's integration with their existing systems. To address this, you initiate a collaborative brainstorming session with your champion, their IT team, and your product development team. Together, you identify potential integration issues and devise a customized plan to ensure a seamless implementation. This collaborative problem-solving eases your champion's concerns and also demonstrates your commitment to solving their specific challenges.
Your buying champion is a valuable resource not only for their advocacy but also for their insights and connections within the organization. Leveraging their influence and knowledge can help you navigate the complex landscape of the prospect organization more effectively.
Example: Suppose you're selling a marketing automation platform to a mid-sized company. Your buying champion, the VP of Marketing, has a deep understanding of the company's marketing needs and knows the key decision-makers in the marketing department. By collaborating closely with your champion, you gain access to their network and receive valuable insights into the pain points of the marketing team. Your champion also introduces you to key stakeholders, making it easier to engage decision-makers and tailor your solution to their specific requirements.
One of the most powerful co-creation strategies is tailoring your value proposition to align with your buying champion's needs and priorities. This ensures that your offering directly addresses their objectives, making it more compelling and persuasive.
Example: Consider you're selling cybersecurity services to a financial institution. Your buying champion, the Chief Information Officer (CIO), is primarily concerned with data security and regulatory compliance. In this case, you customize your value proposition to emphasize how your cybersecurity solution not only protects sensitive data but also helps the organization meet regulatory requirements seamlessly. You work with your champion to identify specific compliance standards they need to adhere to and demonstrate how your solution ensures compliance, easing their concerns and aligning with their objectives.
These are just a few examples that illustrate how co-creation strategies like collaborative brainstorming, leveraging your champion's influence and knowledge, and tailoring your value proposition can be applied in real-world sales scenarios to enhance your chances of closing successful deals. The key is to actively involve your buying champion in the process and ensure that your approach aligns with their goals and priorities. Always make them feel like they are in the driver’s seat.
In the realm of B2B sales, effective communication is the linchpin of building consensus, navigating roadblocks, and maintaining productive dialogues with your buying champion. These elements are extremely important if you want to secure and sustain successful deals. In this section, we will explore these critical aspects in-depth, providing you with actionable strategies and insights to guide you through the complex world of collaborative decision-making.
Building consensus within a prospect organization can be a challenge, especially when various stakeholders have priorities and perspectives that are different. Your buying champion is your ally here, and effective communication is your weapon of choice.
To build consensus effectively, consider the following strategies:
You might encounter roadblocks or objections from stakeholders who don't share the same enthusiasm for your solution as your buying champion does. So, you’ll need to manage these challenges diplomatically.
Here’s how to do it:
Once you've navigated the complexities of decision-making and secured a deal, it's vital to sustain a productive and ongoing dialogue with your buying champion. This will help you successfully implement your solution and also pave the way for future collaborations and partnerships.
You can make use of the following strategies for maintaining an ongoing dialogue:
Effective communication, adept objection handling, and ongoing dialogue are the cornerstones of successful B2B sales, especially when dealing with complex decision-making processes and multiple stakeholders. If you can master these aspects and work closely with your buying champion, you have a strong possibility of securing the initial deal and fostering long-term relationships that produce mutually beneficial results.
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