9 Gartner Research: Boost Your Growth From Existing Customers with Brent Adamson, VP of Gartner




B2B Lead Roundtable show

Summary: CEOs and sales leaders have long wondered: how can we drive organic growth and increase sales from existing customers?<br> But it’s elusive. In fact, the traditional approach is no longer working.<br> According to CEB, now Gartner, “Only 28% of sales leaders report that account management channels regularly meet their cross-selling and account growth targets.”<br> That’s why I interviewed Brent Adamson (<a href="https://twitter.com/brentadamson">@brentadamson</a>), Principal Executive Advisor at <a href="https://www.cebglobal.com">Gartner</a>, and the co-author of <a href="https://www.challengerinc.com/sales">The Challenger Sale</a> and <a href="https://www.challengerinc.com/sales">The Challenger Customer</a>.<br> Writers note: You can view part two of our interview here: <a href="https://www.b2bleadblog.com/new-research-empathy-solving-buying-problems/">New research: Empathy and how to solve buying problems</a><br> <br>  Can you tell our listeners a little bit about you and your background?<br> Brent Adamson:  I work with an organization formerly known as CEB and has now been acquired by Gartner.<br> I work with the Sales &amp; Service and Marketing &amp; Communications practices here at the company. And it’s sort of our mission in life, at least in the business to business space where I spend most of my time, trying to understand with data, with research, with analytics, what does world-class B2B selling and marketing look like?<br> We get after that, again, with all sorts of analysis and research. It’s funny, we’re actually industry agnostic. We work across industries, go to market models, geographies, and try to understand (across all of the different kinds of companies out there) what do we all have in common?<br> What’s the recipe for success that’s going to help us all move the dial, do a little bit better, in sales, in marketing and ideally in sales and marketing?<br> How can sellers drive account growth?  <br> Well, sure. This is brand new research for us. In some way or another, we always study growth, right? Because that’s what sales and marketing are all about.<br> There’s a certain almost urgency, or we like to call the “Why Now?”, of this growth question, especially in sales, which is especially relevant for us today.<br> And that is simply the journey that we’ve all been on over the last five years, five months, 10 years, 20 years of building out broader capabilities across our organization to offer our customers, if you will, solutions as opposed to individual products and/or services.<br> The idea that if you can offer your customer broader solutions, that’s going to allow you to stand out, to differentiate yourself, to command price premiums in the marketplace. All good things to do and good reasons to do it.<br> The thing that’s interesting though, Brian, as you add all those capabilities to your portfolio that you can now bring to your customer to add that additional value. The actual value they create for you as a supplier is of course directly contingent on your ability to actually sell them, to get your customer actually to buy those incremental capabilities.<br> Not surprisingly, companies all around the world, in their efforts to grow, are looking to existing customers to buy into more of the cart, as we all like to say, to penetrate that account more deeply and get them to buy into more of the value that we can offer.<br> It turns out this is a huge challenge for B2B organizations around the world, which is, simply put, to get existing customers to buy more of what we have to sell; to essentially drive growth with existing customers. That is the challenge or the terrain, as we like to say, that we dove into this year.<br> What can sales do better?<br> What can we, as sales organizations, do to do a better job of driving growth with those existin...