Winning back my top 2 customers #1

This post is about winning two of my top customers back. I figured that I would post my journey and find some motivation to actually win them back. My life at the moment is either not closing anything or working 6 or 7 figure deals and going through insane stress because of it... But I weirdly enjoy what I do still.

Background: I am losing my top 2 customers to the competitor. Both of them announced around the renewal last December that they are displacing us with competitor products. Both have been with my current org for 10 plus years. There's several reasons for this, mainly my org has been through some crazy changes. I looked after these accounts in 2019 and 2020 and did a lot of up-sell, cross-sell and had very good relationships. I left because I thought the grass would be greener on the other side and it wasn't. So I am back. I don't know what my predecessor did in the meantime but it seems like they did not talk to anyone on the customer side. They also dropped several products in my predecessors time for saving costs...

Customer 1, let's call them S. I have worked them since the beginning of the year. Lost my champion because he was defending us to his management for 2 years and got tired and burnt out. My second contact changed department. My C-Level contacts (2) went elsewhere. I have found that the people I need all started in the organization 6 months ago or less. Few have replied to me but they haven't been responding. I have called every single number on ZoomInfo. I repeat the call round every two weeks. Messaged on Teams. I have emailed them: first to introduce me, then about what might be the struggles they face, then dissing the competitor slightly (I don't usually but they are really bad so I just sent out)... offered to invite them to local events, tried organizing calls with the management (our CEO, sales directors...)...I have sent them vouchers. Nothing. It's like they have all been banned from talking to us or something.

Customer 2, let's call them P. I have started working with them since the beginning of the year as well. They have had some changes in the personnel but have been quite responsive and explained that it is something they all are trying to figure out which would be a better option: us or the competitor. I have stayed in touch with my main contacts (5) and multi-threading to their management. The main problem is that their technology partner is just terribly incompetent and doesn't understand our technology or value, uses extremely dirty tactics to get rid of us and just gets ridiculous low prices from everyone else and just constantly throws shit at us. Customer is not exactly happy with them but they are locked in a multi year contract with this customer. Again, I have called every single number on ZoomInfo. I repeat the call round every two weeks. I have emailed new contacts and invited them to events and to calls with leadership (even CEO). Not been great. I finally worked out a call with several participants from P's to join a call on Monday.

I am preparing a deck with some discovery on what happened and what is happening, competitor slides, leadership proposition and renewal details...

Any successful tricks or slides anyone has had? Figuring that they still are willing to talk to us and it will take longer to fully lose them.

๐Ÿ‘‘ Sales Strategy
๐Ÿ’ช Motivation
๐Ÿ… Competition
8
CuriousFox
WR Officer
5
๐ŸฆŠ
Have you discussed this with your leadership? Make a gameplan to get them involved in the meeting? Maybe a larger title will make em feel important.
Sunbunny31
Politicker
2
Sr Sales Executive ๐Ÿฐ
Aligning executives up the ladder is very effective, particularly if your execs are sharp and are good at connecting with customers.
pirate
Big Shot
0
Account Executive
Thank you both. Yeah... My leadership is incompetent in that regard. They do other things well. I have had great sessions with US leadership and CEO seems great... I guess I need to suck it up and ask for help from them again. How would you go about the gameplan? Or say leadership asks for an agenda? @CuriousFox @Sunbunny31
Sunbunny31
Politicker
1
Sr Sales Executive ๐Ÿฐ
Your homework will be to find the appropriate contact for your management, and then let your management know the goal of the meeting (retention) and what you've identified as getting in the way of that goal, and what you believe they can do to accomplish that goal.
Hopefully your leadership is at least competent at overcoming objections (cost, etc) and uncovering what's really going on - was it a personality thing, or a problem with the solution (and whether that's perception or reality), and of course, if it's cost, sorting out if that's a real concern or something that can be resolved.

My hope when my leadership gets involved is that the title helps prove that we're invested in the customer's success, and that the message is reiterated by the manager during the discussion. I'm in a good place where I trust my leadership - if there's a problem, that they will uncover it, and find a way to address it.

Can your leadership at least get on a call or in a meeting to establish some kind of relationship?
braintank
Politicker
3
Enterprise Account Executive
Just focus on their needs. Understand how they'll decide. Is it ๐Ÿ’ฏ price or something else. Don't go crazy with slides, have a conversation.
antiASKHOLE
Tycoon
3
Bravado's Resident Asshole
Empathy and good conversation are key here.
pirate
Big Shot
1
Account Executive
Thanks anti
GDO
Politicker
1
BDM
have a conversation <-- this right here is the best advise you could get!
pirate
Big Shot
0
Account Executive
Yeah definitely will do and find out why are they leaving
pirate
Big Shot
0
Account Executive
Good advice thank you! I think as they're not responding I drift further from the point sometimes
ThatNewAE
Big Shot
2
Account Executive - Mid enterprise
A deck - yes, sure. But go deep with the discovery again at this point.
Why are they going ahead with competition, what is that one thing that they loved in the competition, what's amiss in your offering - is it only just pricing, if so then what are they putting at stake because of not considering the later picture.
A lot of things can be uncovered - and even your knowledge about the competition would grow stronger with the right set of questions.

Now, if it is just pricing; how low can you go?
If not too low, then what are the loopholes in the competitor that would become bigger problems in the later stage, that the customer might not have noticed?
A $100 now, for a $200 loss in 6 months?
or a $150 now, for $20 loss maybe in 6 months?

They need to weigh out. You need to HELP THEM SEE THIS and help them understand why you.
Kosta_Konfucius
Politicker
1
ERP Sales
Love this advice
pirate
Big Shot
0
Account Executive
Thank you!
26
Members only

Who is actually in the top 1% of their org/division/company?

Question
47
Where are you ranked by percentile in your sales career or current position?
121 people voted
20
Members only

Top Performer on My Team is Cut Throat - Stolen Closes and Deal Owner Changes.

Advice
27
16

Who can top this?

Question
21