Most of your business’s prospective customers will not seal a deal initially.
You cannot simply introduce a person to the offered products and services and expect a sale closure.
The first line of contact holds a great importance, without any shadow of doubt. Because you never receive a second chance to make a first impression. So, make your first impression a long-lasting one!
Quite often, the inside sales team makes the mistake of crafting a perfect email, holding a great conversation, and giving product demo or free trial, you can say.
Now, what they do next? They follow-up but not optimally. It is where a crack comes and your hot leads convert into cold ones. And, do you know what is the major reason behind this is? A lack of timely follow-up!
As a result, they often hear this statement “Don’t leave following up to months after the proposal, because the only thing you’re going to hear is “We went with someone else.”
If you’re or have been a victim of this, it’s time to transform the process of following up with the prospects! Follow-ups are so simple that they often go unnoticed! But, do you know a constant follow-up with the customer is a simple concept that revolutionizes your business?
The entire sales process can take many forms, but they often go like this:
Call the customer Make the Pitch Wait to hear from the customer soon
OR
Too many follow-ups Irritating the Lead
In both cases, there is one critical aspect that can make or break a deal. It’s the quality and the frequency of how the inside sales team follows up. Sometimes, the follow-up can be pretty generic i.e. a representative calls up the prospect and asks, “So, have you given it any thought or decided anything yet?”
In other cases, the follow-up is a complete waste of time. The prospect has already made it clear that they are least interested, so following up again and again kills your time.
Follow-ups, beyond being a mere formality, are a bridge that fills the gap between the prospect and the end sales. It plays a vital role in winning the customer's heart and increasing the sales growth in an organization.
The 3 main advantages that a successful follow-up offers are:
1. Improved Customer Relationship - Building a cordial relationship with your customers is the essence of a successful sales strategy. If you have understood your customer’s needs and pain points, you have won half the battle.
2. Higher chances of cracking the best deals - It doesn’t matter if the sales team is following up via calls, messages, or social media, it’s the fact that you are following up. It is apt that not everyone will buy your products in the one go, it’s the frequency of follow-ups that will persuade customers to come to a decision.
3. Increased Customer Retention - Sometimes, sales representatives focus on attracting new customers rather than retaining the old ones. In this case, the unhappy customers would switch to your competitor rather than keep their concerns at your table. If you do not follow up with your existing customers, you will never get to know why they are unsatisfied. On the other side, if you inside the sales team regularly contact existing customers as a part of a follow-up strategy, the customers will tell you why they are unhappy!
What Are the Challenges Faced by Sales Teams in Managing Follow-Ups?
If a sales representative does manual follow-ups, he/she would be frustrated as manual follow-ups come up with a variety of challenges, which impact the overall productivity, efficiency, and consistency of an organization.
Below are some of the most common challenges faced by the inside sales team in conducting consistent follow-ups manually!
Time-consuming - Managing follow-ups manually is a tedious task. Salespeople spend a large amount of their time crafting personalized messages, tracking responses, and indulging in frequent interactions. This is a time-consuming task that hampers the overall productivity of the sales team and the organization as a whole, thereby drifting their focus away from the other important aspects of the sales process.
Difficulty in setting priorities - When managing follow-ups manually, it becomes difficult for the sales rep to prioritize their leads effectively. Not all leads are equal, and without a systematic approach, it might be possible that you turn a blind eye to some valuable leads. The lack of prioritization can result in missed deals and loss of revenue.
Lack of Personalization - Crafting personalized follow-up messages for each prospect manually is cumbersome, especially when the volume of leads is a bit high. Generic replies are no longer the talk of the town, as they no longer resonate with the individual prospects.
Lack of Timeliness - In today’s world, indeed, “Patience is a virtue, but let’s face it, very few people have this!”
Giving timely responses is critical in the field of sales. Managing manual follow-ups might result in delays. These delays can disrupt the prospect’s decision-making process. As a result, the customer will shift their focus toward a competitor’s product.
Difficulty in handling voluminous data - As the number of leads increases, managing manual follow-ups becomes quite challenging. The inside sales team might find it challenging to handle large data at once, resulting in the loss of potential leads.
In light of these challenges, the adoption of automated solutions such as Gen AI Chatbots or virtual assistants becomes natural. These advanced technologies address all the above pain points systematically, allowing the sales team to focus more on fostering relationships with the customers and closing the best deals.
It comes as no secret that a successful sales follow-up is key to a successful sales pipeline. In our experience, a consistent follow-up with the prospects is one of the core sales strategies you can implement.
The success of any business entirely depends upon how the inside sales team seal the best deals. At the initial stage, every customer becomes hesitant to close a deal, but with frequent and well-planned follow-ups, the hesitation starts to vanish away and the customers become more likely to close the deal. So, set aside the traditional way of managing follow-ups, and benefit from the power of automation.
Gone are the days of manual follow-ups, with AI’s brilliance, making every follow-up tailored as per your customers’ needs? By harnessing the power of predictive analysis, and automated lead scoring (We can connect it to the previous blog, basically internally linking), Brance’s Gen AI chatbot understands customer behaviour, preferences, and buying patterns like never before.
Now, that you have decided to ace up your follow-up game, you are probably noticing a change in your workflow.
Increasing the number of follow-ups with a customer can increase the amount of time that you have spent on leads. This results in slowing down your business.
Automated sales follow-up is the best solution. Here are the top 5 reasons why.
Increased Efficiency and Effectiveness - Automation significantly reduces the time that the sales team might spend on manual follow-up tasks. With automation on their side, the sales team can allocate their time more strategically and shift their focus toward high-value activities such as one-to-one interaction with the customer, building meaningful relationships with the customers, and getting more involved in strategic planning.
Boost in B2B Sales - AI’s predictive nature is an intangible asset for B3B sales. AI can provide salespeople a deep insight into when to reach out to prospects and execute various up-selling and cross-selling strategies by analysing customer’s behaviour, preferences, and interactions.
Reduced Human Errors - Automation reduces the risk of human errors that you might experience if you follow the process of manual follow-ups. By incorporating AI chatbot as a part of your sales strategy, you can experience that personalized messages are sent with great consistency, and the chances of any missed opportunities have been reduced to zero.
Enhanced Personalization - It is a major misconception that Automation lacks a personal touch. Modern AI chatbot tailors the follow-up messages and give them a personalized touch based on the past behaviour and preferences of the prospect.
Greater Conversion rates - By ensuring timely and personalized interactions, automating the process of follow-up results in higher conversions. Prospects are more likely to sail smoothly through the sales funnel if given more importance consistently.
Brance approach aims to maximize the efficiency of the sales process and improve the conversion rate of leads to customers. Every aspect of follow-ups is optimized to increase conversions.
Timing of Communication: The AI chatbot is programmed to initiate contact at the most opportune moments, ensuring that potential leads are engaged when they are most receptive.
Channel of Communication: It selects the most appropriate communication channel for each lead, be that email, text, Whatsapp, or another platform, optimizing the chances of a successful interaction.
Frequency of follow-ups: It is important to follow-up optimally, not too much and not too less. We use a combination of best practices and learning on your data to optimize follow-up frequency.
Messaging Strategy: Our AI predicts the messaging that may lead to higher conversions:
Lead Prioritization: Our AI ensures that efforts and budgets are spent only on leads where the probability of conversions is high.
At the end of the day, sales follow-up is the essence of a successful sales strategy – so make sure that you are doing it the right way!
By leveraging the power of AI and automation, businesses can easily sail through the evolving landscape of sales, making sure that follow-up is not just a task but a strategic move towards higher conversion rates and unmatched success.
By following up with the existing and new customers, you are showing that you care about your relationship with them. However, a timely follow-up is cumbersome, after all, it takes a lot of time and effort to stay on top of your lead spectrum.
That’s the reason you should invest in automation tools such as Brance Gen AI chatbot. With our robust features and tools, you can easily automate your sales follow-up process, stay on top of your leads, and experience a boost in sales growth and improved ROI. Our AI solution takes into account all the interactions that your prospect has done with your website and accordingly, the chatbot does regular follow-ups and converts the leads into potential and promising customers.
The main reason what makes Brance’s AI Chatbot a top choice for businesses is its ability to optimize each follow-up.
At the Time
Through the Channel
With the Message
So, why wait?
Start optimizing your sales follow-up process to experience a better tomorrow, today!
Kshitij founded Brance with the vision of helping hoteliers increase their direct bookings using AI. Over the last ten years, he has led the Marketing and Growth of several technology organizations and start-ups such as BCG, Shuttl, House of Beauty, etc.
He also loves traveling and sports.
First Response Time holds a great importance in inside sales because it influences customer satisfaction. Ultra-fast responses improve the chances of potential leads getting converted into paying and loyal customers.
A delay in First response time can result in missed opportunities, customer frustration, and a negative impact on conversion rates. Potential leads may lose interest or shift to competitors when experience a delay in response time.
Technology plays a vital role in reducing first response time through automation. AI-driven chatbots streamline the communication process and enables faster interactions.
First Response Time holds a great importance in inside sales because it influences customer satisfaction. Ultra-fast responses improve the chances of potential leads getting converted into paying and loyal customers.
A delay in First response time can result in missed opportunities, customer frustration, and a negative impact on conversion rates. Potential leads may lose interest or shift to competitors when experience a delay in response time.
Technology plays a vital role in reducing first response time through automation. AI-driven chatbots streamline the communication process and enables faster interactions.
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