In the same way there’s no universal ideal customer profile, buying signals that indicate a solid opportunity for you depend on your company’s offer, what companies you go after and your method of doing sales. You’ll have to do some legwork on your end to understand what signs to look for, that uptick in buying probability.
A first step to determine what buying signals to keep an eye out for is to look closer at your existing customers — again, the same way to approach building an ideal customer profile. What happened in their organizations before they became customers? If you know your customers well you might already know the answer but, even if that’s the case, make sure to validate your gut feeling with data-insights before you make this hunch your truth.
If you can identify an actionable lead through one, or a series of signals, using this data should be the basis of your prospecting. Once you find a correlation between a happy new customer and a buying signal, you'll find a large number of warm, actionable leads.
Here're a few examples:
At Vainu, we spend our time spreading the word on real-time sales—using data in every step of the sales process to be truly relevant for our prospects, to listen, and to provide value. Tracking buying signals and using the insights they provide to be able to deliver a personalized offer in every customer interaction is a fundamental part of the real-time sales approach.
Tracking buying signals sent out by your target accounts is useless if you don't act when you receive one from a company matching your ideal customer profile.
Make sure you've got a solid plan for how received buying signals are followed by a sales action, preferably within 24 hours from when you receive a lead. When you reach out to a prospect based on a data-driven reason to do so, you have all the information you need to deliver a tailored offer. Do not waste this opportunity. Tweak your sales pitch based on your prospect's interests and current situation.
The person you're talking to should not doubt why you're reaching out to them now. It should also always be clear to them why you consider them to be a good fit for your offering.
The real-time sales process is one the whole team should commit to, and it should be daily.
When you already have a long list of leads, buying signals help you know what companies to prioritize now. Start by looking at your current customer base and see what happened at the organization during that time (which buying signal occurred) when signed a deal with you. You can later use these signals as criteria for filtering actionable leads out of a longer list of leads. Read more about prioritizing accounts with account scoring here.
Many signals have a best-before date. In Vainu you can do detailed searches, filtering companies with specific features and signals that occurred in a specific time frame. For instance, you can find all companies that moved to a new office last week, or who recruited a new Head of HR in January.
Not all signals indicate a great time to contact a company; some signals will actually tell you the opposite and when you should not reach out. For example, if you’re a real estate company, don’t call prospects who just moved to a new office to offer them assistance on finding a new one.
The best salespeople strategically use buying signals, modern technologies and data to increase their chances of landing at the right place at the right time.
Customers are getting smarter and more selective, meaning your sales tactics need to also be smarter right alongside them. Not only do buying signals help you find the right companies to contact right now, they also help you carry out smarter conversations with those companies. By knowing what’s going on inside of an organization you’re targeting, you can tailor your pitch based on their current situation. The prospect will feel like you understand their business, which is extremely valuable for building trust.
Vainu extends far beyond helping you just find accounts that recently went through a specific change. With the negative search function, you can exclude companies that recently went through one or a series of events from your search results. In other words, you can search for companies matching your Ideal Customer Profile and also don’t have any recent buying signals indicating that now is not a good time to reach out. This means you no longer have to waste any time on sales prospecting or processing bad leads.
Buying signals are windows of opportunity for B2B sales professionals. A buying signal can be a piece of news about internationalization, a recruitment ad that increases the need for your service, a new technology a company uses on their website or anything that's relevant for your sales. Simply put, when a buying signal is released, your changes of selling are peaking. Buying signals are the embodiment of "timing is everything in sales". By structuring your sales according to buying signals, you'll automatically prioritize the most relevant accounts at any time. This should also please the customers as you'll always be contacting them when they've need for your service.
Topics: Trigger Events