How Client Expectations Have Changed

Same Side Selling Academy > Captivate Podcasts > How Client Expectations Have Changed

Ian Altman discusses common mistakes in long-term sales engagements, emphasizing that sellers often focus on price concessions rather than mutual benefits. He highlights that longer engagements can attract more stable, permanent talent, benefiting both parties. Altman suggests presenting long-term deals as mutually beneficial, incorporating flexibility with rolling termination clauses. He shares a client success story where 90% of short-term clients eventually extended engagements. Altman advises sellers to align with clients' interests, reduce administrative burdens, and lock in pricing to ensure better outcomes and less hassle.

Biggest Mistakes

  • Relying on outdated systems and methodologies.
  • Not utilizing available real-time information from customers.
  • Falling back on old procedures instead of embracing new technologies.
  • Not implementing systems that provide real-time information to customers.

Best Practices

  • Using technology like AI to save time and learn from others' experiences.
  • Providing real-time information to customers, similar to Uber and Amazon.
  • Implementing AI systems to help customers get answers faster.
  • Using AI to tailor content to customer needs and improve information over time.

Transcript
Ian Altman::

Ian, welcome to the same side selling Podcast. I'm

Ian Altman::

Ian Altman. How have client expectations changed in recent

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years? Well, I want you to think about the experience that your

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customers have every day and how the state of the art even five

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years ago isn't acceptable today. So a few years ago, you

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could send a message to your client that their order was on

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its way. But that's not really enough anymore. It used to be

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that customers had access to product information only through

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sales people. Then we had the internet, and now they get

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access to cut to to product information and making decisions

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about buying without sales people and now customers have

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expectations that not only is information available online,

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but just about everything is available in real time. See,

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recently I was traveling on airlines and to make it so it's

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an equal opportunity episode today, I will tell you that I

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had an equally frustrating experience on United Airlines

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and on American Airlines in the past year. In each case, I was

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in a situation where I had checked a bag, which I almost

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never do, but if I'm, if I'm, let's say, bringing wine to

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somebody, I have to check the bag. If I have golf clubs, I

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have to check the bag. So it was in each case, there was rare

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instances where I had to check a bag. And through flight delays

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that can happen or change in aircraft, or all these things

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that are totally reasonable things to have happen. The

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airline had lost track of my bag, but because I have RFID

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tags in my bag, I had more accurate and up to date

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information about my bag than they did. So did the airlines

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make use of that information? No, of course, they didn't.

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Instead, they tried to convince me that the information I had

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that was real time as of two seconds prior to sharing the

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information with them was outdated. They knew better where

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the bags were than I did, and of course, as a customer, I was

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frustrated because I was trying to help them succeed, and they

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weren't taking that information, and instead, were committed to

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failure, which made it really frustrating, made a negative

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experience for me. This is one of these things where they were

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relying on their outdated systems, their outdated

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methodologies, and saying, no, no, trust us, we know where your

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bag is. And I'm saying, no, no, my bag is at gate D right now,

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and we're at Gate A, I'm pretty sure it's not there. I know

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exactly where it is. And they said, Oh, well, it's probably

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outdated. And I said, No, no, this is as of three seconds ago.

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As of two seconds ago. This is current. It was just scanned,

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and it's almost like they didn't believe it. And then, of course,

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the airline fell back on their own procedures and said, Well,

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you know, things are complicated, and there was no

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way for us to know where the bag was, when the reality is we knew

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exactly where it was. One of my team recently were working on

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something, and we were building a plan, and she said to me, Hey,

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I hope it's okay. I cheated, and I used AI to draft a plan, and

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it's pretty good. I'm just modifying it. And my response

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was, you didn't cheat. You intelligently use technology to

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save yourself time and learn from other people's experiences.

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So the question is, are you as transparent as Uber when it

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comes to pricing and location, so your customers know where

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things are at all times. Do you manage expectations as well as

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Amazon does when it comes to deliveries? When I'm receiving a

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package via Amazon, not only do I have a sense of when it's

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going to arrive, but once it's on in route to me via Amazon, I

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know that I'm four stops away. I can see where the vehicle is in

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my neighborhood, which is scary in and of itself, because it'll

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tell me it's six stops away and it's two streets over in our

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development, which just tells me how much business Amazon is

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doing in our community. It's not about competing with Amazon or

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competing with Uber, but instead, what you need to

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recognize is that your B to B customer is used to getting that

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live updated information every waking moment, from Uber, from

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Lyft, from Amazon, from all the vendors they deal with day to

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day. So when you don't implement similar systems that provide

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real time information when you don't use AI to make things

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faster and better for your customers. When you're not

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embracing this new technology, you can quickly become

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irrelevant, and all of a sudden, your customers will lose faith

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in your ability to execute, and some people will. Say to me,

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Well, you know, I don't think we're ready to do that. And the

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question I have for you is this, if you're thinking you're going

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to wait, what would happen if your competition beat you to it?

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And now the bigger question is, what if you beat them to it? So

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don't fall back on your old systems and don't say this the

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way we've always done it. What I want you to think about is,

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where can we make changes today that will actually improve our

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customers experience? Where might we use AI to help our

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customers get answers faster? In our same site selling Academy,

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we implemented recently, AI, something we call ask virtual

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Ian. So 24/7 our members can go into the system and ask

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pieces of content that we've loaded in and train an LLM, a

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large language model in AI to help provide answers to our

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customers. And you might say, well, Ian, doesn't that make you

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somewhat irrelevant to your customers? I guess to a certain

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degree it does. It could make it so they're less dependent on me

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personally, but what it means is that we get a sense of the

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questions are asking, which means I can tailor my content to

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their needs. They get answers quickly. We can also see if

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they're not getting answers that we think are the right answers,

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and we can tweak our model a little bit to create better

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information so that over time, it gets better as people use the

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system. It's the same thing you can do for your customers. So

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once again, what would happen if your competition got there

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first, and what kind of market opportunity could you seize if

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you got there before then, if there are topics you'd like me

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to address, just drop me a note to Ian at Ian altman.com see on

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the next episode of the same side selling podcast. So long

Ian Altman::

Ian. Long.

B2B organizations call on Ian Altman when they want to accelerate revenue growth with integrity.
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