How would you approach prospecting into direct competitors known customers?

Self-explanatory title.


Our org has identified a list of competitor customers, and wants our BDR/SDR organization to work them.


I want to empower my BD to do this in a tactful but successful manner, and I've never really targeted this way before personally.

๐Ÿ”Ž Prospecting
๐Ÿ’Œ Cold Emailing
๐Ÿ“ž Cold Calling
7
jefe
Arsonist
3
๐Ÿ
Have you identified any weak points in that competitor's product or level of service that you address better they can touch on?
oldcloser
Arsonist
1
๐Ÿ’€
And once you do, there are a thousand ways to go at it. I see youโ€™re using X At one time X was the industry standard. It might be time to check your stack, Jack. There are options that do y and z for half the flapjacks while making your office chair vibrate. I assume if you were aware youโ€™d have deployed ine like this by now, right? All the cool kids are using the new stuff.

Any reason you wouldnโ€™t take a look at a better mousetrap?

Orโ€ฆ whatever words you use. Compliment their vendor. Tell them why yours is better. Gently challenge them. CTA.
jefe
Arsonist
2
๐Ÿ
Exactly. Never trash, but you can make them think and position yourself as better.
Beans
Big Shot
1
Enterprise Account Executive
I know them but I doubt our BD department is that well versed, sounds like an educational session so they go in with a soft touch.
Appreciate you!
jefe
Arsonist
1
๐Ÿ
Not surprising, but it shouldn't be too difficult to build out a page or two on it.

Maybe provide some frameworks/talk tracks that identify vertical-specific ones they can use, if applicable.
medhardwaredr
Opinionated
1
Director of Sales NA
@jefe has a good one. Use that. On top of that, I like to be specific to the person and to the product then show my value prop.
Example,
morning Hannah,
Beans here with a sprout for you. Youโ€™re already using (xyz) SaaS tool, I can do all that with (your product) and save you money. I can show you in 5 minutes, whatโ€™s your preferred method of communication?
Done-> collect loot
Justatitle
Big Shot
0
Account Executive
depends on the competitors typical contracting but it's a great way to get long term prospects going
NoToBANT
Catalyst
0
Senior Account Executive
Two points; Iโ€™ve seen these lists before - they are WHACK. If you email someone โ€œhey, I know you use XYZโ€ and they donโ€™t you lose all credibility

What I have DOES work, is going to your competitorโ€™s use case section of their website - they often outlay which issues they had and how they work with them and even have quotes with names and job titles

From there, putting together a good cold call/ email should be easy peasy, lemon squeezy
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