Express Computer
Home  »  Guest Blogs  »  What role will AI play in the 2024 B2B SaaS sales playbook?

What role will AI play in the 2024 B2B SaaS sales playbook?

0 140

By Ajay Singh, Co-founder & CEO, Pepsales AI

It’s clear that today’s buyers have higher expectations and more control over the B2B sales process. With budgets under closer scrutiny and buyers doing more independent research, sales teams need to find new ways to connect and build trust. This new reality calls for a shift from relying on intuition in sales to using data-driven, emotionally intelligent interactions that truly resonate with today’s buyers.

So, how can B2B SaaS companies bridge the gap? Let’s explore how data, AI, and emotional intelligence can transform sales, making them more relevant and impactful.

How buyers’ expectations have evolved?

Did you know that today’s B2B buyer is more independent than ever? According to Forrester, today’s buyers do 74% of their decision-making research on their own before getting in touch with a sales rep. Similarly, Gartner’s report shows that buyers usually spend only 17% of their time meeting with potential suppliers when making a purchase decision. When they do finally connect, they want personalised, relevant information that meets their unique needs, not a generic sales pitch.

This shift means that sales teams are under more pressure to provide immediate value, showing that they truly understand the buyer’s goals, challenges, and industry. According to a study by Salesforce, 72% of business buyers expect vendors to personalise their engagement to their specific needs.

The shift from gut instinct to data-driven selling

Back in the day, sales relied a lot on gut feelings and guesswork. But now, data is super important for understanding and predicting what buyers want. According to insights from McKinsey, companies that make the most of data-driven insights have a 15% to 25% higher chance of winning compared to those who don’t. This shift means that sales teams need to personalise their messages and approach using real data, which gives them an advantage in today’s competitive market.

Thanks to AI-powered tools, sales teams can get really useful insights about customers, like their website interactions and past purchases. With this information, companies can have more relevant and meaningful conversations. Tools like AI-driven CRMs and sales intelligence platforms give real-time insights, so sales reps can figure out what customers want, their preferences, and even potential objections. This level of personalisation isn’t just nice to have – it’s a must.

Gartner predicts that by 2026, 65% of B2B sales organisations will move from relying on gut feelings to making decisions based on data, using technology that brings together workflow, data, and analytics. Plus, companies that use data-driven sales methods say that sales cycles have been reduced by up to 27%, showing that personalised approaches don’t just make buyers happier – they also bring real business results.

Why generic demos are no longer enough?

B2B sales is undergoing a shift, with an increasing preference for personalised buying experiences. According to a survey by McKinsey, 71% of B2B buyers now express a preference for personalised interactions, and it can be challenging when this expectation is not met. Buyers are 2.4 times more likely to choose vendors who align their demos with the buyer’s industry, business size, and specific goals. Salesforce reports that 58% of buyers believe that a personalised demo experience would significantly impact their purchasing decisions.

In light of these findings, there is a noticeable trend toward the adoption of tools that enable sales teams to create customised, data-driven demos tailored to each buyer’s unique needs. This approach allows sales representatives to streamline their pitch and effectively connect buyers with the solutions that are most relevant to their needs.

Sales intelligence in the Gen AI era

In recent times, business and sales have been dominated by Gen AI, and choosing the right sales intelligence tool has become critical. It’s no longer enough to prioritise mere efficiency, the focus must be on selecting tools that offer predictive insights, real-time personalisation, and seamless CRM integration. According to a report by Salesforce, a staggering 61% of salespeople are convinced that generative AI will empower them to sell more efficiently, underscoring the profound impact of these tools on business success.

For companies evaluating sales intelligence software, the following key considerations demand attention:

  • Can the tool deliver tailored insights addressing the buyer’s specific business challenges?
  • Does it have the capability to analyse trends and anticipate buyer needs?
  • To what extent does it streamline and automate manual tasks?
  • Is it flexible and adaptable to diverse customer segments?

As companies increasingly embrace AI-driven solutions, it’s crucial to strike a balance between data efficiency and fostering genuine connections with customers.

Can AI replace the human touch?

AI is great at personalising stuff, but when it comes to understanding feelings, human sales reps have the edge. Emotional intelligence is super important for building solid relationships with customers, which leads to them sticking around longer and coming back for more.

AI can pick up on a buyer’s tone and behaviour, but it can’t quite nail genuine human empathy yet. Knowing when to show empathy, when to dig deeper, and when to just listen is where emotional intelligence really shines. AI can help spot these cues, but it’s up to skilled sales reps to use them to connect with customers, show they get where they’re coming from, and build trust. The trick is to use AI to give sales reps the info they need, and let emotional intelligence guide how they do their thing.

The winning formula: Combining data-driven insights with emotional intelligence

The future of B2B SaaS sales is all about finding the right balance between using data-driven insights and emotional intelligence. When sales reps can combine these two, they’re able to give personalised demos and connect with buyers on a more human level. Just picture this, an AI tool gives a salesperson all the data about a buyer’s business goals, industry trends, and challenges. With this info, the rep can customise the demo to fit the buyer’s needs, ask smart questions, and build a real connection.

According to a report by Gartner, companies that mix AI-driven personalisation with human engagement see a 64% boost in customer satisfaction. It’s the mix of data and empathy that makes the sales experience really stand out in the B2B SaaS market. As successful sales leaders put it, “It’s not just about making a sale; it’s about understanding the buyer’s journey.”

As the B2B SaaS space continues to evolve, it’s clear that successful sales no longer revolve around just pushing features or closing deals quickly. It’s all about providing a consultative experience that truly understands and addresses the unique challenges of the buyers. By leveraging data to personalise demos and adding a touch of emotional intelligence, SaaS companies can create a sales experience that not only builds trust but also nurtures relationships.

Get real time updates directly on you device, subscribe now.

Leave A Reply

Your email address will not be published.

LIVE Webinar

Digitize your HR practice with extensions to success factors

Join us for a virtual meeting on how organizations can use these extensions to not just provide a better experience to its’ employees, but also to significantly improve the efficiency of the HR processes
REGISTER NOW 

Stay updated with News, Trending Stories & Conferences with Express Computer
Follow us on Linkedin
India's Leading e-Governance Summit is here!!! Attend and Know more.
Register Now!
close-image
Attend Webinar & Enhance Your Organisation's Digital Experience.
Register Now
close-image
Enable A Truly Seamless & Secure Workplace.
Register Now
close-image
Attend Inida's Largest BFSI Technology Conclave!
Register Now
close-image
Know how to protect your company in digital era.
Register Now
close-image
Protect Your Critical Assets From Well-Organized Hackers
Register Now
close-image
Find Solutions to Maintain Productivity
Register Now
close-image
Live Webinar : Improve customer experience with Voice Bots
Register Now
close-image
Live Event: Technology Day- Kerala, E- Governance Champions Awards
Register Now
close-image
Virtual Conference : Learn to Automate complex Business Processes
Register Now
close-image