Since the pandemic hit, we saw companies in the manufacturing industry face severe challenges which uncovered new risks as well as highlighting areas that exposed them to major disruptions. Depending on how they were affected, a wide range of tasks is at hand for many manufacturing companies to fulfil from recovering lost revenue to streamlining their supply chain.
The state of the manufacturing industry
In the 2021 State of Manufacturing Report, a survey of 230 senior manufacturing decision-makers revealed some very interesting findings. The key points being:
- 68% report that increasing supply chain resilience and agility is a top business priority
- 91% have increased digital transformation investments in the past year
- 94% report concerns about their current supply chains
- 95% say the pandemic has had long-term effects on their business
Overall, the main goal for manufacturing companies is to eliminate the risk of being exposed to the same disruption they faced during the pandemic from repeating again in the future.
As remote working becomes the new norm, it has also impacted its manufacturing arrangements with 81% of executives saying that remote work has positively impacted their attitude towards flexible manufacturing arrangements. Alongside the shift to remote is the shift towards digital as 95% agree that digital transformation in manufacturing is essential to their company’s future success.
With 94% expressing supply chain concerns, a solution to a more resilient supply chain is reshoring, the term used to describe bringing imported goods or materials back to domestic production. Where manufacturers had their production done in other countries around the world, manufacturers are now looking to bring it back home.
With the reliance on offshore factories and workforces, long-distance shipping and international trading partners, organisations, particularly in the US, are seeing the risks to offshoring and are having to focus on ways to continue production domestically.
The challenges of offshoring, namely being the sourcing and onboarding of new vendors, slow response to problems, quality control management, and lack of proper infrastructure abroad can all lead to supply chain disruptions, slower go-to-market time and lower quality products.
Despite these challenges, the main benefit of offshoring was a lower cost of production, however, this may no longer be the case. As the economy in many countries used for offshoring strengthens, the labour cost has also increased.
It is now that manufacturing companies are able to overcome these challenges by adopting new technologies like robotics and automation to continue the same production domestically by still keeping labour costs low and without the fear that countries abroad could close again.
All these changes have brought about major opportunities to break into the manufacturing industry and provide solutions to help these companies recover and at least get back to pre-pandemic levels. This post will guide you through the step-by-step process of how you can get manufacturing companies as customers.
Why you should use outbound sales to get manufacturing companies as customers
Out of all the possible ways to generate sales opportunities, outbound sales is the most direct method to do so.
While you can use inbound marketing techniques such as organically generating traffic by targeting keywords or through paid ads, you just don’t have the ability to control exactly who you want to target and persuade your prospects through your messaging as you can with outbound sales.
The process of sourcing the contacts of your target market and targeting your potential buyers across multiple channels such as email, phone and social media is a strong strategy enabling you to categorise your contacts for hyper-personalisation.
In addition to providing prospects with a personalised experience, there are a couple of other reasons why having an outbound sales strategy can help you.
Active control over the numbers
The biggest reason to invest in outbound sales is the dominion you have over the volume of sales you make and their scalability by managing the input and optimising each stage of the sales funnel.
The first variable you can control is the number of people you contact. If you’re currently reaching out to 50 decision makers per day and you bump that up to 100 with all else staying equal, you can predict a doubling in the number of sales opportunities you generate.
The second customisable aspect is the consequent steps:
- Open rate: Can be raised by A/B testing different subject lines and personalising them
- Positive reply rate: Expandable through the use of more personalisation
- CTA: Increased concentration on the right problem/solution dynamic
- Call schedule: Implementing a smoother transition between stages with intuitive software like Calendly
Expensive products need salespeople
The second reason to have an outbound sales strategy is because companies that are buying expensive products still need to talk to human beings (salespeople) to guide them in the decision-making process since big purchases require different decision-makers and a considerable amount of planning.
Defining the ideal manufacturing companies you want to work with
When deciding upon what manufacturing companies you want to partner with, there are some important criteria you should be clear on before targeting them, namely:
- Company size: How many employees does the company have (e.g. 11-50, 200-500, 1,000+)
- Company location: Where is the company physically located (e.g. North America, Germany, London)
- Sector: What sectors is the company in (e.g. automotive, medical, energy, etc.) Depending on the solution(s) you are providing, the range of manufacturing companies you can provide for may stem from a single company criterion to a broad array of companies.
In the case you can provide a solution to a variety of different companies, you should create multiple segments which will enable you to create a more specific segment to personalise your outreach better. By splitting your target companies into segments you can make your messaging and offering more relevant to your prospect.
A few select data providers, like hubsell, allow you to further refine your criteria beyond company size, location and sector with any custom requirements you may have. At hubsell, we offer Data Processing as a Service (DPaaS) meaning we are able to provide this since we have a team of specialised researchers who process your data on-demand and according to the criteria you provide.
Identifying your key stakeholders within your target manufacturing companies
Having identified your target accounts, you will need to know who in those accounts you want to speak with. Here are the following criteria you need to have to find your prospects:
- Contact seniority: The rank of an employee held within a company (e.g. ‘Manager’, ‘Director’ or ‘Owner’)
- Contact department: Where the prospect operates in day-to-day business (e.g. ‘Sales’, ‘Legal’ or ‘Human Resources’)
With these two criteria, you are able to find every job title that is relevant to this combination.
Depending on the type of account you are selling into and the type of solution you are offering, the prospect you want to target will have to be relevant to the stage of the buying process they are in. For example, targeting the CEO of a global manufacturing company with over 500 employees with your initial touchpoint may be too hasty without first winning over prospective end-users or department Managers.
Where to get your B2B data and what to look for?
Before starting out any form of outbound sales initiative, you will need B2B data (i.e. contacts). There are many ways to get B2B data ranging from in-house methods such as manually searching on LinkedIn Sales Navigator to working with a specialised data provider who delivers the data you need straight to your CRM.
Generating data for manufacturing companies using in-house methods is something we do not recommend. Although there are benefits such as owning your data generation process and limiting data acquisition costs by doing the work in-house, these benefits are typically outweighed by the burden salespeople bear by spending time on non-revenue generating activities and learning non-sales related skills.
On the other hand, using a database vendor enables salespeople to filter contacts according to their criteria and acquire those contacts for outreach purposes. However, since these contacts are pre-generated, there may be deliverability issues or data inaccuracies as data becomes stale over time.
Our recommendation would be to acquire on-demand generated data. Having a data provider who processes data per your request guarantees B2B data that is qualitative and fresh. You can be sure that your sales and marketing initiatives will be delivered successfully and each contact is relevant to your business.
To highlight the importance of B2B data quality, this post goes in-depth on the topic and the cost of low-quality data on business, but here are the key points you need to know when getting started.
B2B Data relevancy
To ensure your data is relevant, you must decide who your relevant contacts and accounts are to target in your sales and marketing campaigns.
Without data relevancy, you will end up targeting contacts and accounts that are not relevant to your business. Focusing on the wrong data will waste your marketing budget and misuse the time of your sales and marketing team, especially when nurturing the wrong leads.
Relevant B2B data will make you confident in the success of your sales and marketing efforts. It enables you to accurately segment your data to create highly targeted campaigns. The content of your campaigns will speak to each of your prospects in a way that is meaningful and adds value to them.
B2B Data accuracy
Once you have decided upon who your relevant buyers are, the accuracy of the information for that data is the next step to obtaining high-quality B2B data.
One important step is to implement a human-vetted process to visually check the data. This is to check for wrong spelling, typos or duplicate data.
Inaccurate data can stem from a vast array of issues and its consequences can be very damaging to your business. It can wreak havoc on your marketing efforts such as incorrectly naming a prospect, mistargeting accounts, or unknowingly omitting prospects from campaigns.
B2B Data validity
Data validation ensures your data has consistent formatting, contains valid contact information, and is free from errors and anomalies.
Since so much of sales and marketing is done using automation these days, it can be very easy for things to go wrong. The following are a few problems that may occur if you don’t validate your data:
Unstandardised data
Incomplete data
Invalid contact data
Data validation is the preventative measure that ensures your data is used effectively and that you maintain the greatest chance of generating more sales opportunities.
B2B Data breadth
For your data to be high quality, you should have a rich profile of many data points that allows for personalisation and enables you to draw deep insights into your data.
Data breadth gives you an added dimension to improving the quality of your data. Without data breadth, you will lack the information needed to tailor your marketing activities as well as limiting the ability to view trustworthy and actionable insights of your data.
Actionable insights empower your sales and marketing teams to create personalised content that is relevant and valuable to the prospects being targeted. Being able to tailor your marketing activities and value proposition to each market segment increases your chance of connecting with your potential customers.
B2B Data freshness
As soon as you get hold of your B2B data, it already starts to decay. These data points are never static as information can very easily change. Working with outdated data could mean time wasted in reaching out to the wrong people since they can change company, email address, job title and even name.
The rate data decays will depend upon the source of your data. For instance, if a lead is generated through a webform, the rate of decay will be slower since the data has been captured in real-time. On the other hand, if data has been procured from a B2B database, the rate of decay should be faster since the data has existed for some time already.
Sending an email to a wrong or non-existing email address will result in a hard bounce. These types of delivery failures will impact the domain health and the spam rating of your subsequent emails.
How to generate sales opportunities and get manufacturing companies as customers
You should now have a good idea about how to acquire the contacts you want to target. Next, we will look at how to reach out to them to generate sales opportunities.
What channels should you use in your outbound sales campaign?
An outbound sales campaign is a sequence of touchpoints made over time and likely across a variety of communication channels. Each touchpoint serves the purpose of attempting to provide enough value and interest to prompt a reply.
There are many communication channels you can use to engage with your prospects. Rather than selecting only one or two channels, you should use a combination of all of them – which is called multichannel outreach.
Since your prospects will have different personal preferences on which channel they prefer to communicate on, a multichannel outreach approach ensures you cover all bases. Let’s see some of the different channels and the main reasons for using them.
Sending emails should be your primary method to reach out to your prospects. It is one of the few ways you can have direct communication with the person you want to contact having just an email address.
Email lets salespeople send a carefully constructed message laying out their key value proposition relevant to the prospect they are sending it to. They also give the prospect space to reply back in their own time should they need to do some research of their own prior to responding. Emails can also copy other colleagues into the conversation as well as being able to forward entire email exchanges to other relevant parties.
The overall goal with email is to generate a sales call. You will not be able to close a deal with email alone, especially if you are selling a high-ticket item. To persuade a prospect to set up a meeting with you, the focus of your email should not be to show the features and benefits of your solution as many salespeople may try to do. Instead, showcase the benefits your prospect will gain and how they can be better with your solution.
You want to track two key metrics: 1) open rate and 2) reply rate.
Open rate
When a prospect receives a cold email, the only parts of the email they can see before opening is the subject line and the first line of the email. Depending on whether the email is seen on desktop or mobile will determine the number of characters that will be seen, with desktop showing more characters. Ensure you are making the most of this space.
The subject line tells the prospect what the email is about. It is important to not use clickbait as this may increase your open rate but it will negatively affect your reply rate. A simple one to use would be “quick question about {{companyId.shortName}}”. It tells the prospect you are reaching out to ask a question about their company, but vague enough to prompt them to open the email.
A portion of the first line is also seen in the email preview which affects the open rate. Starting the email strong with a highly relevant point or, even better, a personalised line about them, will make it clear to the prospect that your email was intended for them specifically.
Reply rate
You should aim for an average between 45-70% open rate, depending on the persona you are targeting. Once your email is opened, the length of the email should be a factor to whether the email is read through or not. Longer emails tend to be skimmed through so good practice would be to keep it as short as possible – around 100 characters.
After showing that you have actually researched about them and you can deliver an outcome that would interest them, you need to close out with a strong call-to-action (CTA). At this point, the prospect should want to take the next step with you, so the best CTA to use is to ask for a call. A CTA such as “would you have time for a quick call later this week?” should prompt a reply.
Contacting your prospects on LinkedIn is a slightly less formal way of introducing yourself than email. However, since it is a professional networking platform where both parties can view each other’s profiles, it is perfectly acceptable to reach out with a business proposition.
There are two ways to engage with a prospect on LinkedIn: 1) sending a connection request with a note and 2) sending an InMail.
Sending a connection request is a free method all members on the platform can use. You are able to send a note with your connection request but limited to 300 characters. If your prospect accepts your request, they become a 1st-degree connection and opens the ability to freely send direct messages without limit.
Sending an InMail is similar to an email as it includes a subject line limited to 200 characters as well as the message body limited to 2000 characters. This is a premium method and incurs a cost to the sender due to it being a paid method and a limited number of InMails can be sent from an account. Prospects will recognise the value of an InMail and if they reply, it allows open communication between the two.
With the ability to view their profile, you should definitely take the time to research the prospect and mention something that you found interesting about them in your initial message. Without doing this, your chances of a response are slim since it shows little to no effort was made in your outreach.
There are 3 main ways you can show you researched them:
- Self-authored content: If the prospect has written a piece of content or even has a podcast, take some time to go through it and point out something they wrote or said that struck a chord with you – this way you also give them a compliment on their work.
- Personal accomplishments: A fact on their profile that suggests they have achieved something. It can be work-related or personal, either way, if it’s on their profile it means it is important to them and highlighting that in your message will mean a lot to them.
- Company information: Likely to be the least impactful of the three, writing something you saw about their company like whether they are hiring a lot of salespeople or a new product was released can show you are not sending messages in bulk but being selective in who you are reaching out to.
Phone
A very powerful channel when used right. The phone is the most direct method of communication as you will have the opportunity to engage with the prospect almost face-to-face.
There are many aspects to learn with the cold call, a few being to get past the gatekeeper, objection handling, building rapport and persuading them to have a follow-up call. When cold calling you will be interrupting their day so it’s important to do it the right way as it’s very easy to get it wrong.
The cold call is not your opportunity to sell but rather to generate interest and to qualify the prospect to see if there is a fit between what you are offering and what problem they are trying to solve. Once you have established there is a fit, your aim should be to book a meeting where you can discuss things in more detail or even provide a demo of your solution.
It’s good practice to use a call script, especially if you are new, so that you can deliver the same cold call to each of your prospects. It will give you confidence when speaking but also allow you to improve parts of your script where you may be losing your prospects during the call.
The basic cold call structure should have an introduction, pitch and a call-to-action.
Intro
Greet the prospect by their name and introduce yourself saying who you are and where you are calling from. If you know something about them or the company, mention this as a reason as to why you’re calling – it will help build trust and shows you are a genuine caller.
Pitch
It’s advisable to ask for permission to give your pitch instead of going straight into it as it shows you respect their time. Also stating how long it will take, for example 30 seconds, can mentally prepare them for what to expect and the small ask will likely allow you to pitch them.
The pitch itself should state what you are and how you help other similar companies. Ending with an open question such as “how are you currently achieving this?” will spark a conversation and open the floor for you to continue asking questions to help you qualify them. The BANT method is good for this:
- Budget – does your prospect have a set budget?
- Authority – is your prospect the decision-maker?
- Need – does your prospect have a need for your solution?
- Timing – does your prospect have a time limit to implement such a solution?
Call-to-action
Once you have decided there is a potential partnership, you want to get a meeting booked with them. Ending the call by telling them it sounds like your solution can help them achieve their desired outcome, suggest having another call to show the solution to them.
Offer a date and time and ask if it suits them. Offering when to have the meeting assumes they will have the call with you, meaning their only decision should be if they can make it at the time you offered instead of deciding whether or not to have the meeting at all.
Additional channels
The three channels above should play a core part in your outreach strategy, however, there are a few others that could also play a role in addition to these.
Text: If you have the prospect’s work mobile phone number, you can follow up with a text saying you tried to call.
Voicemail: Leaving a voice message if the prospect does not answer can always be helpful. You can drop a friendly message to briefly introduce yourself or even use it to say they should look out for an email from you.
Direct mail: Sending physical mail whether it be a letter or a small gift can take some extra work and be costly to manage. But the impact of this can be worth it to get their attention, especially if you are in high-ticket sales.
Other social platforms – aside from LinkedIn, your prospects may also have a professional presence on Twitter or other social media platforms. Reaching out to them on there may be uncommon meaning you will stand out from the lack of competition.
What kind of messaging should you send to your prospects?
When it comes to message creation, we highly recommend you personalise your messages. With so many prospecting messages being sent it can be difficult to stand out from amongst your competitors and other salespeople but message personalisation is a sure strategy to catch the attention of your prospect.
Message personalisation is to write a message that is first relevant to the prospect and second personalised showing research has been carried out about them or the company. With so many salespeople sending one-to-many type emails, sending a one-to-one email shows thought and effort has been made which can often be reciprocated by the prospect to take the time to read it.
The more qualitative your data is the more ways you can personalise your message. Although personalised outreach can be done by hand, it can be done better with automation software like hubsell as it keeps the same quality of manual sending but add the ability to scale it out. The way messages can be personalised at scale is to use dynamic placeholders.
When automating outbound sales messages, message templates are created with placeholders that update parts of the text with information from each prospect. Static placeholders are a basic form of this by updating the message with data points taken directly from the variables such as their first name ({{firstName}}) or job title ({{title}}). While still useful, prospects know that this can easily be done as it’s a simple drag and drop of information.
Dynamic placeholders on the other hand open a lot more variation to the message copy. Using variables such as seniority ({{seniority.name}}) and department ({{department}}), you can update entire lines of text for each prospect from one template.
Your value proposition can change depending on who you are targeting. For example, targeting someone at ‘Manager’ level may be more interested to hear something to help them with their day-to-day tasks and shorter-term goals, however, targeting someone at ‘Director’ level or higher may be more inclined to respond to something that can help with business growth or expanding into new markets.
What should your outreach campaign look like?
Firstly, there is no right or wrong way to execute an outbound sales campaign. The main aspects of any campaign should be that it targets across multiple channels and over several touchpoints.
Since you do not know what your prospect’s preferred channel of communication is, targeting across multiple channels will give you the greatest chance of engaging with them. You will also be able to complete several touchpoints in a professional manner since you can spread your communication across different platforms.
Depending on the country your prospect resides in, your first touchpoint may have to be a connection request on LinkedIn first due to GDPR regulations. Once your request is accepted, you may then follow up with emails.
You can complete the entire process manually using your CRM to keep track, alternatively, solutions like hubsell can automate the entire prospecting process including message creation, sending of emails, and other LinkedIn activities.
To take your outreach a step further, intent data from each of your touchpoints can be used to dynamically change how you follow up. For example, hubsell’s outreach software can identify if the prospect has opened your previous email and how many times they have opened it. Using this information, we can determine their level of interest and proactively attempt to get on the phone with them instead of sending another email.
Other forms of intent data are clicked links and accepted connection requests. Through this “if-this-then-that” sequencing of touchpoints, you can create a campaign that is most likely to generate sales opportunities. Below is a general idea of what your outreach campaign can look like:
How hubsell can help you get manufacturing companies as customers
As discussed throughout this post, high-quality B2B data and multichannel outreach automation will be required to find your buyers, create effective messaging and reach out to them to book meetings with them.
Our GDPR adherent Data Processing as a Service (DPaaS) processes on-demand B2B data for you, using a mix of research technologies and human-powered data validation, giving you near real-time data with at least 95% accuracy and enriched with over 25 data points.
hubsell integrates with CRM, Gmail and LinkedIn so you can connect all of your relevant sales and marketing tools with hubsell and bring all of your outbound prospecting processes to one dashboard.
Book a discovery call today to see how hubsell can help you generate more sales opportunities