Innovation is more expensive to sell when the company lacks clarity on
- Ideal target customer attributes
- Value proposition per target customer
- Effective marketing message
- Effective lead generation strategy
- Competitors/alternatives
- Current institutional knowledge base
- Buyer’s decision criteria
- Required salesperson skill, experience
- Alignment between marketing and sales
The customer often lacks understanding
- If they have the problem and urgency to solve it
- Little to no experience buying the solution
- Internal buying process has not be used for this type of purchase
- Advocate takes longer to make the internal sale
- Unclear who is a good referral for the salesperson
An effective marketing structure reduces the cost to sell innovation
- Greater on paper clarity of the ideal target customer profile
- Company’s value proposition is accurately defined by customer profile
- Marketing message focused on the customer’s value, pressure to act
- Customers better equipped to make introductions
- Qualified prospects will more often contact the company
- The sales team has better tools to educate the prospect
- Only qualified prospects are advanced by the sales team
- The prospect has what they need to make the ‘internal sale’
- Customer experience and sales team feedback improves the marketing team work
- New categories and services can be tested in systematic process