Commercial excellence

How about Commercial Excellence?

Promoting your company and listening/asking questions no longer suffices to achieve commercial success.

Commercial excellence is knowing your customers so well that you fully understand them as well as their surroundings. This allows your company to anticipate their needs and expectations via sales and marketing communication by telling the right thing at the right time and showing them the impact and value of what you have to offer.

Promoting your company or merely listening and asking questions no longer suffices to achieve commercial success. Buyers increasingly expect the right information at the right time. A number of elements are important in this regard.

Really know your customer

This includes aligning your activities to your customer’s expectations. Any contact with your company, personal or online, needs to contain the right message aligned to their willingness to buy. You can accelerate the sales process considerably by meeting their expectations with every contact.

In terms of results

It’s not about what your service or product can do, but about its value to your customer. How does it impact their organisation, what specific results can they expect?

Highest market price

A customer-oriented organisation strives for the highest market price for its products and services, but at the lowest cost from the customer’s perspective. This has a positive impact on your cost of sales and enables you to get results twice as fast.

How can you achieve this? You may ask yourself the following questions:

  • Do your product developers and officers have a good understanding of the importance of your products and services to the customer?
  • Do they know how the customer will work differently and what improvements will be accomplished?
  • Are all persons involved aware of how your strengths will contribute to a better result?
  • Can you say whether your products or services will give a better result than those of your competitors?
  • Do your customers recognise the link between your strengths and their accomplishments?

Becoming a customer-oriented organisation

Not every industry has noticed crucial changes in customer behaviour yet. Determine to what extent your customer target groups are already part of the experience economy. To what extent do they also use the Internet and social media to inform themselves? If this is the case, follow these four steps to achieve a more customer-oriented approach:

  • Ensure that your market is segmented on the basis of equal needs and reasons for purchase so that your sales messages can be used on a wider scale and are at the same time aligned in detail to each segment’s unique character. Take into account the possibly progressive character when doing so.
  • Map the obstacles preventing your employees from embracing new ways of working as well as possible motivating factors to change work patterns.
  • What current processes and KPIs obstruct a more customer-oriented approach?
  • Develop and implement a change project taking into account all of the aboveTake special care to implement the required changes on a human scale and to clearly communicate the benefits for each person involved so as to stimulate willingness to change.

Watch video: Filip Goos, Managing Director at Cheops, explains how they implemented Commercial Excellence (in Dutch)

 

About Pascal Persyn

Pascal supports organisations in delivering commercial excellence in the areas of Sales Enablement, Content Strategy and Buyer Journey Enablement. His pet projects are about helping companies overcome challenges due to the empowered customer and thus evolving into buyer-aligned organisations. His executive experience in private, VC-backed and public companies enables doing the right thing at the right time with the right people. Don’t hesitate to contact Pascal for expert advice: pascal@perpetos.com

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