Today's B2B buyers are better informed than ever. They are typically 70% of the way through a digital and content-driven journey before they even engage your sales team.
Bobby Gaudreau, VP of Sales & Marketing at Activator Dealer Solutions, understood this and realized that his team needed a new buyer journey as part of a new product launch.
"We had to quickly update our positioning strategy to engage buyers and differentiate around our new product launch. We also needed this positioning strategy to be implemented consistently across our marketing, sales, and customer success," Bobby says.
Inaccurate and disconnected data have long plagued car dealers' marketing efforts. This causes dealers to waste a lot of marketing spend on mailings and advertising efforts through email, SMS, or digital display with wrong or inaccurate information to the wrong buyers—causing a bad buyer experience, as the information shared by a dealer is inaccurate or for a totally different person.
Activator had launched a Customer Data Platform (CDP) and automated marketing Journey Builder for car dealers. It would collect and unify data from multiple sources, then automate and apply that data to marketing efforts to enhance customer engagement and promote dealership efficiency, ultimately leading to increased sales and service-driven revenue. It was a brilliant solution, but lots of "copycat" competitors would quickly claim the same.
Bobby understood that buyers for the new product would research Activator and competitors, consuming lots of content as they explored potential solutions.
To win their business, Bobby and the team need to personalize the buyer journey for their full buying committee in the dealership -- from the dealer sales leadership to service leadership, marketing team, and general manager.
They needed personalized messaging and content for each from the very first touchpoint.
Welcome to the buyer-led era.
I recently had a chance to talk to Bobby about their winning strategies and three key takeaways that you can implement to personalize your own buyer journeys and accelerate growth.
"Too many companies now live in positioning silos," Bobby explains. "Sales and marketing may have different languages and different ideas about buyers. I wanted to make sure our teams all had the same way of going to market."
Activator addressed this by creating shared buyer personalization playbooks with cross-company alignment on the new customer data platform (CDP) positioning, complete with ideal customer profiles (ICP), value messaging, and discovery frameworks to understand value and communicate value.
The personalization Playbooks were organized by a core set of value propositions that could be used to personalize buyer value, including:
"A key to developing the same way of going to market is high-quality content," Bobby continues. "It's content that tells a story about personalized value in a more buyer-centric and trusted, advisory way and does not feel like a product pitch."
Activator developed a library of content assets aligned with their core value propositions, including:
The new product launch required sales and customer success teams to adapt their approach. The existing sales and customer success team had to undergo significant reskilling to move from a transactional to a focus on personalizing value in each conversation.
The value proposition for the CDP and journey marketing needed to be tailored for the specific needs of automotive retail market sales, service, and marketing departments.
Activator implemented a comprehensive training program to equip their teams, including:
For Activator, the strategy worked, leading to a 75% increase in new sales revenue, and average contract values on Activator's most popular product rose by 24% within just 12 months.
While the specifics of your buyer journey personalization will vary, Activator's story offers valuable insights that can help any organization as they develop their buyer journey personalization programs:
Activator's turnkey solution is powered with Salesforce, giving birth to a hybrid CDP and Multichannel Journey Builder. Salesforce helps build strong customer relationships, grow revenue with a single source of truth, and drive productivity with automated marketing processes.
You can chase a score or listen to what customers tell you through their interaction with your dealership marketing. Activator customers see an overall +20% reach and a 13% increase in sales volume year-over-year. Schedule a demo today for more information on Activator's capabilities and how it can enhance your dealership's performance.
Winalytics is a revenue growth company that helps businesses enhance their sales, marketing, and customer success strategies through personalized buyer interactions. They provide services such as journey personalization, demand generation, sales personalization, and account-based expansions. Their approach focuses on creating shared team playbooks and processes to improve team performance and drive consistent revenue growth. Winalytics emphasizes the importance of understanding and aligning with buyer goals to increase engagement, conversion rates, and overall sales productivity.
For more details, visit www.winalytics.com
Brent Keltner, Ph.D., is the founder and President of Winalytics LLC and author of The Revenue Acceleration Playbook. Brent created the Winalytics method to help clients reach their top growth potential by shifting from product-driven selling to value-driven go-to-market strategies.
Brent brings more than a decade of experience as a revenue leader in enterprise to early-stage companies and ten years as a Ph.D. social scientist at Stanford and the RAND Corporation to the role. Brent's clients have included Ascend Learning, Credo Reference, DealerRater, Lexmark, Mursion, Ready Education, True Fit, and Verisk Analytics.