BANT (Budget, Authority, Need, Time) has been used by salespeople to qualify opportunities for several decades. I still come across it to this day, even as part of the lead management process between sales and marketing. But the tool is no longer as relevant as it once was, especially for complex buying processes. Now, why is that? And is there an alternative that works today?

Budget

We know that buyers use the internet to find information. This means they only tend to involve salespeople later in the process. By that time, they’ll have already formed a clear opinion, and are just seeking confirmation before actually making a buying decision. But there’s a lot of information available, and much of it can be conflicting. The role of the salesperson has therefore shifted to influencing the customer in a way that validates their information.

This requires commercial insights into the customer situation. Business acumen will help the salesperson find solutions for possibly latent requirements, for which the budget (Bant) mostly isn’t known or allocated yet. In short: taking budget allocation into account means your salespeople are joining the buying process too late. And that results in a lower hit rate and tighter margins.

Authority

Validation based on the authority (bAnt) to make a decision was intended to ‘not waste any time’. It would help sales to not sell to people who couldn’t make a purchase. Unfortunately, most B2B decisions aren’t taken by one person these days. Buying decisions have evolved into being a consensus which also takes users’ opinions into account. I can give examples of customer situations where there are more than ten people in a meeting. Each one can veto a decision, but also not be prepared to advocate a supplier until a consensus is reached.

Need

Focusing on people who already have a problem (the need in baNt) sounds logical. Like a great way to increase a salesperson’s productivity. But the reality is quite different. Research shows that up to 60% of opportunities ultimately disappear without the customer buying anything or changing supplier. We see this on a daily basis with our customers. And it was also the outcome of a survey we took together with Vlerick Business School.

Salespeople need to increase the customer’s willingness to change more now than ever. They need to convince the buyer to change, rather than convincing them to choose us. Because a customer isn’t open to hearing this message if they’re not planning to change. This is why traditional prospection methods are becoming less effective. The message and how it’s conveyed no longer correspond with the customer’s expectation.

Time

In light of the above, qualification based on when the decision is made (the time in banT) has become irrelevant. These days it comes down to marketing and sales doing the right thing at the right time with the right message, to facilitate the customer’s buying process. So the question’s no longer about when the customer’s going to make a decision, but about how willing they are to change. Sales needs to combine the answer to this question with the potential, to decide when to engage with what message. It’s also their task to keep marketing informed. Because marketing can help influence the customer with digital interactions, increasing the probability of a sale for the lowest possible cost.

Conclusion: from BANT to JIT

BANT doesn’t work anymore.
The concept of just-in-time has been around for quite a while in logistics. And now we also need to become just-in-time salespeople. By qualifying the potential and the role of contacts, sales can do the right thing at the right time with the right message.

Thanks to the digital revolution, marketing also has a major role to play. Depending on the size, complexity and importance of our products and services in the perception of the customer, we need to find the right balance between digital marketing touchpoints and sales interactions.

Look at the solution in our eBook

Download our eBook to find out what process your salespeople need to follow to keep improving results.


We received this e-mail from Michael Hebda, Director of Marketing North America at MEGA International. Perpetos trained Mega’s Sales teams globally. We implemented a Buyer-Aligned sales process that enables Sales reps to align their approach with the customer’s buying cycle. We like to thank Mike greatly for his willingness to have us share an example of the impact of this change.

Pascal,

I wanted to share a quick story with you. David was on the phone with a prospect the other day and the gentleman was pressuring David for a demo.

The prospect pushed further by telling David that he already had demos scheduled with two of our competitors, and wanted to see MEGA’s as well. David engaged the gentleman in a conversation about expectations, executive support, etc., and determined the prospect was between 6 and 8 o’clock on the buying clock.

When David summarized the scenario for the prospect by saying that we first wanted to get an understanding of the CIO’s goals, discuss specific pains, short- and long-term goals, etc., the gentleman had an epiphany …
He told David “You’re right. Moving forward at this stage, with none of the necessary information in place, would be a waste of time. I’m going to cancel the other two demos and re-approach this initiative correctly.”

I thought it was worth sharing that David used Buyer-Aligned Selling methods to establish himself as a trusted advisor, and did it so well that the prospect canceled competitor demos.

Talk soon,  MEGA new logo
Mike

 

Are you looking for a new Sales Processes?
Are you looking for a new Sales process to find a (new) way to reduce your cost of sales, stop margin erosion or better align your approach with the customer’s buying cycle? Or maybe you’re simply no longer happy with your process in place?

Choosing the wrong Sales process can have some unwanted consequences and a high impact on team performance.

  • So which selection criteria are important?
  • And how can you be sure that the selected process will be just right for your business?

At Perpetos, we have been implementing sales processes for many years. This first-hand experience has helped us establish a hands-on checklist of seven characteristics of a sales process guaranteed to work. We typically see the success rate of Sales people increase by at least 22% at our customers. Download your Ebook to learn more


Every day we’re being confronted with increasing sales costs and margins under greater and greater pressure. In this blog, we explain why this is happening and look at the solution in detail.

Increasing sales costs and greater pressure on margins are usually the result of inadequate or non-existent internal sales training and supervision. There are also a few die-hard habits that many companies and sales reps cling on to which can cause even bigger problems for sales performance.

Directors will already be familiar with the changed buying behaviour and understand the impact it has on their sales and marketing organisation. The fact that up to 75% of decision-making criteria are influenced online means it’s important for us to allow sales to start a dialogue with customers at different times and with different messages.

If sales is forced to wait until customers are ‘ready-to-buy’ or in the quotation stage before they spring into action, it’s impossible to sell customer value, so:

  • Margins continue to fall
  • Products and services are experienced as commodities

This habit comes from:

  • Managers being mainly interested in the time frame that deals are agreed in
  • Sales who think it’s a waste of time to enter into a buying process early, and prefer to wait for ready-to-buy leads from marketing
  • Sales who are willing to start the buying process early and influence the customer, but don’t have the necessary skills and messages to appeal to customers in this early stage

The solution: do the right thing at the right time with the right person
Management behaviour and how to direct sales teams is crucial here, although that’s a separate topic just in itself. But how can we arm sales to face these new challenges?

  • Train sales to detect and facilitate the entire buying process
  • Implement a sales process that allows your team to document opportunities based on the customer’s willingness to buy (buying process) – and embed this in the CRM
  • Document messages for each product-market combination, and teach sales to use these messages at the right time in their comfort zone using ‘how to sell’ training with role plays

The buying process in figure 1 shows the complete customer journey. Whether it’s for existing or new customers determines how sales deals with it.

For existing customers, sales mainly need to convey ‘why customers need to stay’ – combined with behaviour that we label as ‘account development’ rather than ‘account management’. With existing relationships, detailed knowledge of the customer and their environment provides a great opportunity for increasing the value perception, and so embedding the relationship more deeply.

For non-customers, the first question is: ‘Has the customer already decided to change?’ Has the customer not decided to change yet? Then it’s best to base your messages and interactions on breaking the status quo, and so increasing the willingness to change. Customers aren’t usually aware of what improvements are possible. Or the customer thinks the risks that come with the change look too big. Or they’re not familiar enough with exactly what’s required.

These ‘why change’ messages assume the customer’s point of view and are the best way of developing prospects. And this is where the biggest challenge is identified in terms of sales performance. Various studies and analyses of our customers show that up to 60% of opportunities simply disappear from the forecast without any decision being made by the customer. The biggest competitor isn’t another supplier, but the customers themselves simply not deciding to buy anything. So messages about how good your company and its solutions are, or the extra benefits that you can offer, won’t help stimulate the buying process.

Has the customer already decided to buy? Then the next question is of course: who should I buy what from, and how much for? Sales responds to this with messages that underline why the customer should choose them. These ‘why us’ messages are most effective at this point in time. Most companies and a large proportion of sales reps score quite to very highly in this area.

Figure 2 shows when these three types of messages are most effective from a sales perspective

In summary, we therefore need to enable sales to convey three different types of messages convincingly according to the situation and depending on the product-market combination:

  • Why change
  • Why choose us
  • Why stay with us

How much do your sales convey these three sets of messages? And to what extent can they discuss them with the customer at the right time? You can compare your sales performance and customer orientation with best in class companies in the Sales Performance Benchmark


Most CRM systems are used as a reporting tool for the management and not as a supporting tool for the sales team. Many salespeople consider CRM an administrative burden, while in fact it could be their personal coach. If you use CRM efficiently, the entire sales team can monitor the positions of the different customer contacts in the buying cycle and better prepare themselves for a next meeting. If you use CRM wrong, your sales team will lose valuable time and miss out on potential deals.

Investing in CRM is always worth the effort and the investment does not necessarily make up a large part of your budget. Time and attention will already help you to benefit more from CRM. Make sure your customer contacts are central to your system. Rather than the measurement and reporting of general statistics.

Leads

Turn your CRM into a pleasant system for everybody: increase the user-friendliness, delete unnecessary fields, use live CRM screens at meetings and adjust your processes. You will achieve results within one month and especially reduce the time spent on leads that are not ready yet and lead nowhere. A lead is only useful if you know where the contact is situated in the buying cycle. That is when sales and marketing can intervene at the right moment and in the right way. Coaching helps you align sales and marketing.

Small data

Spend more time on small data. We focus too much on how we must continuously gather new information and big data are a hype. As a result, we may forget to use existing data properly. A great deal of CRM systems are full of incomplete or outdated information. Instead of considering a new CRM system, you should make an in-depth analysis of the current situation. You will see that you are able to advance a lot with a few minor adjustments.

Improve quickly in five steps

  • Examine each step of your potential customer’s buyer journey and make sure this is highlighted in your CRM
  • Make sure sales and marketing are on the same wavelength in terms of buying stages and use the same definition of ‘lead’
  • Analyse the situation of the current data in your CRM and focus on the most important information
  • Adjust CRM so that it can be used as soon as possible by marketing and sales, asking less information, making it less compulsory and providing more structure in the screens and choices
  • Do not turn CRM into a reporting tool, but instead use it as a supporting tool for salespeople to offer added value to the buying customer

 


Are sales still the exclusive domain of the sales department? If so, you may have a problem, as customer interaction has changed dramatically. Customer contacts increasingly take place via other channels, such as the Internet, social media or relations. The preparation of purchases is also strongly influenced online.

Everybody has a commercial role

Your salespersons are not the only ones who bear responsibility for your company’s lasting commercial success. Within their role, each employee needs to be aware of the ultimate aim of their activities, namely the customer. This requires a serious mentality change with plenty of companies, and perhaps also with you.

More than ever, customers expect to play a central role in your processes. This demands a targeted approach: any interaction between you and the customer matters and has to meet the customer’s expectations. You need to be able to quickly and adequately answer any question from them. In most industries this is the fastest way to strengthen your competitive position.

Your processes from the perspective of your customer’s purchase cycle

Are you ready to take your organisation to a higher level and to increase your growth potential? Then you need to organise your processes from the perspective of your customer’s purchase cycle. You have to meet their expectations with every contact. This also impacts the competencies of your employees and the manner in which technology supports your customer processes.

Create a Buyer’s Journey roadmap in five steps

For the sake of brevity we will not discuss this in depth, but in general terms you build your roadmap in five steps:

  1. describe the purchase cycle for each type of customer
  2. inventory the contact moments (including those with third parties)
  3. describe all those moments, every touch point
  4. identify the most important decision criteria and decision points
  5. convert the schedule into ready-to-use guidelines

 


I often hear that customers have changed drastically in recent years. What has actually changed is their way of interaction. Your sales, marketing and products have to adapt to this evolution, and a number of pitfalls may show up in the process.

1. You do not send the right message

Most websites I visit are continuously referring to ‘we’ and the benefits of working with ‘us’. This is of no concern to the consumer as he is looking for answers to his questions. Customers are obviously influenced by the information they find online, so you should take care that they actually get answers. Such content will make customers feel more connected and committed to your company. Step into your customer’s shoes and check whether you get answers to the questions that may occupy customers during their entire purchasing cycle.

Research has furthermore shown that prospecting costs (cold calling) have quadrupled over the last five years. You can counter this by fostering customer confidence online in accordance with their purchasing activities (buyer’s journey). How? By focusing on how the customer will be impacted if he decides to work with you. So do not talk about yourself too much, and preferably not all.

2. You focus on selling solutions

Solution selling used to take centre stage in the sales process. This is no longer the case in the current age of the customer, as the customer has already formed an idea of his solution before the seller is involved in his buyer’s journey. Customers get irritated when they are told things they have known for quite some time during a sales meeting.

The customer is therefore not waiting for a diagnosis or solution from your salesperson. Your sales department needs to have a thorough understanding of the customer and his situation. Based on this information, the salesperson can modify or enrich the customer’s view during the sales meeting. This furthermore needs to be done in line with the strengths of your company and product offer. In other words, the sales department needs other skills than in the past. Sales activation and support are indispensable in this regard.

3. The product never takes centre stage

The customer needs to see a clear reason to opt for you. However, if you focus too strongly on the product or service, the customer is not involved in the process and you do not support him in his buyer’s journey. It is important that you know your customer’s profile and develop an optimal solution on that basis.

Most salespeople have a better understanding of their product than of the customer’s situation and environment. Especially companies based in Europe have this problem. The fact that your product is better than the products of your competitors is not the message you want to send out.

4. You train your salespeople on the basis of product trainings

When asked how they train their salespeople, most companies answer: ‘with product trainings’. This is in fact not the right way. We already know that customers have formed an opinion before they come in contact with the seller. The risk is that your salesperson may try to convince the customer, or even worse, enter into a discussion with the customer.

This is the result of sales trainings which focus on what you are selling and why you are better than the rest. The more you lash out against the competition, the more you encourage customers to opt for the cheapest solution. So in the worst case you decrease your margins yourself. This is why you need to teach your staff how to explain the impact to the customer.

5. Your data are not of high quality and you do not segment sufficiently

Companies obtain the best results when they segment their market potential on the basis of common needs and challenges. Companies with a wide range of products and/or services can combine this strategy with a vertical market approach so as to make their message more clearly recognisable.

For example: you sell products that are ideal for companies with a large number of branch offices. Companies in the banking sector and the retail industry have a lot of branch offices and buy on the basis of common needs. There is only a difference in the terminology used (shop manager versus branch manager); the underlying message remains the same. A layered approach enables you to increase the reusability of marketing and sales support (cost reduction) and makes it easier for your salespeople to adapt during the meetings. This will also have a positive effect on your margin and win ratio.

Please note that a good segmentation does not suffice; you obviously need to have an excellent database as well. A reliable process to complement the segmented database on a continuous basis is indispensable in this respect.


Customer satisfaction and customer experience are crucial elements to maintain or increase your competitiveness. This is a crucial issue today, but how does one go about it? How can it be measured and improved? Is it really that important? That’s what I thought about when I recently booked a hotel room via Booking and received an unpleasant surprise. But first a few words about the customer’s expectations.

The best way to find out how you are doing in this respect is by mapping all moments on which a customer has virtual or physical contact with your company. You can link the customer’s expectations to these moments and check whether you meet these expectations. Your competitiveness entirely depends on the extent to which your processes, your staff’s attitude, your software and your competencies are adjusted to the customer’s experience during the entire cycle.

This means that your marketing department must conduct research with customers from all your market segments. The right and relevant questions and an adequate processing method should result in the most efficient way to implement measures for improvement.

Let’s see what happens

My own customer experience was far from good this week, due to the “lowest price guarantee” offered by Booking.com. Probably out of professional habit, I decided to go through the entire process, just to see what would happen, and whether something would happen at all.

I was looking for a hotel situated as closely as possible to my client’s premises in order to optimise my use of time. Booking.com was the fastest way for me to find a room in a part of Paris I wasn’t familiar with.

In the morning, when checking out, I found I had to pay more than the standard price for a room, posted at the reception desk. When I asked the hotel staff to adjust the price on my invoice to that maximum price, my request was denied: “I’m sorry, but I’m just charging the price of your booking with booking.com. I can’t help you. You will have to claim the difference from them.”

The perfect procedure

So I sent an e-mail message to booking.com. The procedure they followed to deal with my complaint was perfect, very swift and specific. First I received a standard automatic reply, immediately followed, after a reaction, by a personal follow-up by e-mail. In spite of the fact that the procedure was very efficient, the contents of the reply was disappointing: “We can’t help you, as we work with the prices provided by us by the hotel managers. We also refer to our ‘lowest price guarantee’ description”.

Imagine what my customer experience would have been if Booking.com had suggested a discount, equalling the difference, with my next booking before a specific date. For them, it would have been an investment of only 15 euro to keep a customer satisfied.

The final blow

Finally, I don’t want to keep the hotel manager’s last statement from you: “I advise you to contact us directly next time, it’s cheaper.”

I am curious to learn about your experiences, which may help companies to improve their strategies to attract and retain customers.


Solution Selling is very common jargon used in sales organisations. Companies that have introduced this method have gained a competitive advantage as a result of the way in which sales people help customers with their purchases.

This is how you sell solutions:
– Discuss client needs using open questions, creating a vision and a solution together with the client. This gives the seller the greatest possible impact on what the client will ultimately buy.
– The packaging of products and services in such a way that a total solution is created to satisfy client needs. The classic example is Apple with iPod and iTunes in contrast to a normal MP3 player.

Trend reversal: more power for the client

The internet and social media have brought about an important shift in the way people are informed and how they make their purchase decisions. But in the last couple of years we have seen a trend reversal which has undermined the impact of Solution Selling. Now the client has the power. It’s no longer the sales process that counts; the purchasing process (buyer journey) now has the upper hand. Welcome to the Age of the Customer. Client interaction and sales discussions have to be different now to achieve good results.

Not just information, but conversation

You can still achieve a sustainable and competitive advantage in this new era – the Age of the Customer. But now your client knowledge forms the basis for the development of new products and services to satisfy the increased needs of better informed clients. Your marketing and sales don’t provide information so much anymore; instead they provide conversation to improve your client relationships with more engagement. A better experience and the proven impact of your solution will result in a higher margin and lower sales cost.

 

Difference between Solution Selling and Buyer-Aligned Selling

 

SOLUTION SELLING BUYER-ALIGNED SELLING
What is the starting point?
As a consultant, make it possible to discuss requirements and guide the client in their thought process until the specific solution is bought. Ability to question client beliefs and provide support by completing the picture.
Which process is required?
Your entire sales organisation using a proven sales process. All your activities and measurement systems must chart and improve its effectiveness and application. A dynamic buying process based on customer experience. Enable employees to adapt to the buyer’s phase of purchasing at any moment. Internal processes and measurement systems are designed to match the buying phase.
What’s important?
Ask the right questions to discuss the challenges that can be resolved by the solution you are offering. The strengths must be explicit and demonstrable from the structure of the approach. Empathy with the client situation and use of language specific for the role and sector. This demonstrates an attitude which shows that helping the client is your highest priority.
What knowledge is crucial?
Knowing the relationship between the client’s challenge and the strengths of your products and services. Broad understanding of the client situation: environment, challenges and requirements.
What skills are crucial?
Prospecting, questioning techniques, listening skills, diagnosis and persuasiveness. Social selling, client focus, relationship-building, ability for concrete visualisation of your offer’s value and impact.
What is the relationship between sales and marketing?
Marketing supports sales, and the two are aligned. Marketing ensures that both the client and the seller are informed. Marketing generates leads for sales. Both are integrated and fully designed to match the client’s buying process. As well as generating leads for sales, marketing is also responsible for the conversation with the client and increasing engagement with the client target audience.