Blog
Hybrid selling
October 6, 2022
Gone are the days when the only avenue to close a deal or sell was through physical means or face-to-face. The cost of selling was obviously higher — one had to consider the cost of commuting from home to the office to the client, attire, and possibly representation if the meeting was to happen over lunch, etc. A production number of sorts, with much preparation needed to ensure deal closure.
Consumers and customers are now more empowered. Not only can we choose whether to engage virtually or face-to-face, the cost of buying has become relatively lower. There is typically no need to go out of the house and one only requires a decent internet connection and a smartphone or laptop.
Enter hybrid selling, which is a combination of being able to do face-to-face selling and virtual selling. It involves agility and flexibility to cater to the preferences of the buyer.
Hybrid selling provides more efficiency. One can maximize meetings by segmenting those who require high (face-to-face) or low touch (virtual). Depending on the complexity of the product or service being sold — and the stage of the selling cycle — a seller will need to be agile. For example, buying an insurance product may at some point require face-to-face discussions, especially when the premium is high and coverage or use is complex. In addition, this agility also allows sellers to be agile enough to take video calls wherever they are.
The buyer, meanwhile, can freely choose sellers depending on his or her comfort level and the rapport established. This is why building rapport online is so important and companies do invest in activities and engagements that will teach their (hybrid) sellers to develop this skill, among others.
Sellers need to master virtual selling, especially for those industries that have transformed post-pandemic, such as banking and insurance, to name a few. While the essential get-to-know-your-customer agenda is there, it is still a different experience to cull the information using online means, and the importance of doing so cannot be stressed enough.
A good working framework for reference:
