Page 74 - Plastics News Issue June 2025
P. 74

IN THE NEWS




          The Evolution of the Modern Sales Process             It’s time to start applying standard work to sales
                                                                and  think  of  systems  and  technology  as  job
          The advancement in sales technology and ac-           roles within manufacturers’ sales and marketing
          cess to AI-generated data has reshaped the            organizations – much like robotics are thought
          landscape of the modern sales process. For            of on the production floor. This does not mean
          years, the internet has created a dramatic shift      that technology alone can replace functions of
          in the balance of the buyer vs. seller relationship.   the sales teams, but it can drive efficiency and
          It used to be that a seller had to push product       increase effectiveness which, in turn, increases
          or service information onto prospects and pull        sales productivity, fosters improved team per-
          them through the sales process. Today, an au-         formance and drives profitability.
          dience has increased access to information and
          does more research initially during their buying      Where Can This Apply Within an Organization?
          process. So now, modern sales professionals,          Marketing and Client Development
          must guide prospects on their buying journey –
          helping them make informed decisions.                 At the front end of the client adoption process,
                                                                marketing efforts can benefit from the use of
          Because of this evolution, how sales profession-      technology in areas such as the development of
          als approach their audience in today’s market is      automated lead nurturing and scoring. By iden-
          very different. Cold calling is dead! – or, at least,   tifying high-potential leads using predictive ana-
          less effective than it used to be. This is not to     lytics, a sales organization quickly can identify
          say “it does not work,” but it is not repeatable      the prospects that are more likely to become a
          or predictable, which are key elements to accel-      client and where they are in their buying cycle.
          erate revenue growth sustainably. These sales         This ensures that the team is focusing on the
          technology advancements have reduced the              right targets with the highest probability of con-
          reliance on cold calling as a primary sales activ-    verting to new business.
          ity, shifting an increasing importance to activities
          such as inbound selling, outbound outreach and        Why is focusing on the right leads important?
          account management as the primary drivers in          According  to  Pipedrive,  34%  of  sales  reps  say
          effective lead generation.                            that prospecting and lead qualification are their
                                                                biggest challenges, and HubSpot reports that
          With the rise in importance of these activities,      about 50% of sales reps’ time is wasted on un-
          manufacturers are forced to rethink the struc-        productive prospecting.
          ture of their current sales organizations. A clear
          understanding of the resources required to be         Leveraging sales technology and artificial intel-
          most effective and how they are utilized is criti-    ligence (AI) further, sales and marketing lead-
          cal to success. Accompanied by an established         ers can develop effective social media strate-
          sales process with stage-specific activities,         gies that analyze metrics to provide insights that
          clearly defined roles and responsibilities must be    help to create tailored messaging based on cus-
          outlined in order to allow sales teams to operate     tomer activity and preferences. In turn, it will in-
          more effectively.                                     crease client engagement with a manufacturer’s
                                                                brand. Why is this important? Research shows
          Where Do We Go from Here?
                                                                that most people only recall about 10% of what


             74   PLASTICS NEWS                                                                      June 2025
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