Just as every country has its own language, when you’re prospecting across several countries, you’ll need to learn a new way of prospecting for each one.
Cultural differences are just one factor to take into account. The current global crisis majorly impacted sales as well as how sales development reps (SDRs) and their teams need to adjust in the face of it. The COVID-19 pandemic has helped highlight the need for personalization when developing sales strategies and pitches for different countries. It’s also essential to take into account existing cultural differences, and how the “new normal” has impacted prospects’ priorities.
This type of strategizing isn’t about following blind stereotypes. It’s about acknowledging the importance of intercultural communication, and recognizing that different approaches are necessary when working across different markets.
This guide goes through several country-specific prospecting breakdowns and Bloobirds’ proprietary data to help you tighten up your go-to-market strategy and playbook based on customer profiles.
In this guide to SaaS prospecting, you’ll discover:
COVID-19 has and is changing the face of B2B sales, and leaders are discovering new ways to adapt. Consequently, at Bloobirds, we conducted original research on how COVID-19 has impacted companies and sales development teams, and how they’ve modified their teams to accommodate for the ‘new normal’.
The following infographic clearly depicts how the pandemic has drastically affected sales development teams, with strategizing undergoing the biggest change.
Moreover, we’ll look at how SaaS prospecting methods should be adapted for four major European countries.
Brits are known for their propensity for politeness, but don’t let that fool you into thinking they’re an easy prospect.
According to The Lewis Model, which aims to categorize countries based on the behaviors of their people, the United Kingdom is classed in the “linear-active” behavioral category. Individuals from countries in the linear-active category are typically:
They’re also invested in completing tasks on a one-by-one basis that follow a linear plan. In terms of work culture, Brits are also known for their tendency to:
Ivan Falco, SDR/Account manager at Lead Ratings, has the following insight on what SDRs should consider when prospecting the U.K. market:
So, how should SDRs approach prospecting in the United Kingdom? Here are a couple of hacks to start your team off:
Even though the U.K. is now relaxing lockdown measures, the pandemic has already had a substantial impact on SDRs’ prospecting activities. In terms of the rate of contactability — the rate of which an SDR succeeds in initially getting in touch with a lead — the contactability rate by phone has fallen from 23% to 17%. Meanwhile the conversion rate from contacted to meeting scheduled for SMB companies has dropped drastically from 42% to 18%.
Important to note: The Organisation for Economic Cooperation and Development (OECD) currently predicts that the U.K. will suffer the worst economic damage of all countries in the developed world, with a predicted slump of 11.5% in national income during 2020.
Below, you can see original Bloobirds data that shows how the COVID-19 pandemic has affected prospecting in the United Kingdom.
Note: The following data is specifically for the B2B SaaS market.
Pre COVID-19 | During COVID-19 | |
Contactability % by phone | MEDIUM (23%) | MEDIUM (17%) |
SMB contactability % | HIGH (71%) | LOW (32%) |
Average contact attempts needed to reach an SMB prospect | LOW (6) | HIGH (12) |
SMB conversion rate from contacted to meeting | MEDIUM (42%) | LOW (18%) |
As one of the countries most impacted by COVID-19, you’ll need to make sure you acknowledge the environment in which potential U.K based leads are working with. Don’t shy away from addressing this, but use this knowledge to help you pivot your prospecting strategy.
In terms of The Lewis Model, Germany, like the U.K. is categorized as linear-active. This means that they’re also task-oriented and driven by organization and planning.
Germans are pretty well-known for being a lot more straightforward and to the point than their British counterparts, which means that your SDRs’ prospecting techniques should match. Less small talk and more preparedness with your pitch is key to landing prospects and cold calling in Germany. No show rates for meetings are low, so when you secure a meeting, you make it count.
Lennart, an SDR here at Bloobirds who has extensive experience in Saas prospecting the German market, recommends SDRs keep the following in mind:
”For the U.K. market, cold calling is common but less so in Germany. So you can catch a lot of Germans by surprise by calling them out of the blue.
This can go both ways: sometimes you get lucky and people will talk for a while, while some people don’t appreciate a cold call. Cold calling can be somewhat frowned upon.
However, there are very rarely no-shows for meetings, and I rarely needed to send a reminder email ahead of the meeting. They also expect more details before setting a meeting. Germans will typically say ´I understand the goal, but show me how you’re getting there’.”
Prospecting methods for the German market need to line up with how they typically address business. Here are a few simple tips:
Phone contactability has taken a hit in Germany. Therefore, with a drop of 13 percentage points, the chances for your SDRs getting someone on the phone is down to 8% nowadays. However, overall contactability, including email and LinkedIn contact attempts, is still fairly high for both SMB (59%) and enterprise (67%) accounts. While the conversion rate from contacted to meeting is down by half for enterprises, small to medium-sized businesses are only scheduling 3% fewer meetings.
Important to note: In the past week, Germany has suffered a fresh outbreak of COVID-19, and has imposed lockdowns in two districts of the state of North Rhine-Westphalia.
Below, you can see original Bloobirds data that shows how the COVID-19 pandemic has affected prospecting in Germany.
Note: The following data is specifically for the B2B SaaS market.
Pre COVID-19 | During COVID-19 | |
Contactability % by phone | MEDIUM (21%) | LOW (8%) |
SMB contactability % | HIGH (76%) | MEDIUM (59%) |
Average contact attempts needed to reach a SMB prospect | MEDIUM (8) | HIGH (12) |
Average contact attempts needed to reach an Enterprise prospect | MEDIUM (8) | HIGH (10) |
SMB conversion rate from contacted to meeting | HIGH (46%) | HIGH (43%) |
Enterprise conversion rate from contacted to meeting | HIGH (79%) | HIGH (42%) |
While Germany has been one of the lesser affected European countries, bear in mind that there have still been substantial cutbacks. German prospects tend to be a bit more analytical, and during a time like this, you need to get to the point, deliver the information they need, and earn their trust.
However, our data demonstrates that SMB conversion rate from contacted to meeting has barely been impacted, so this may be a good time to shift prospecting priorities to the small and mid-sized markets. Additionally, you should consider putting more emphasis on email and LinkedIn contact attempts as they are proving to be more efficient than phone calls in the current climate.
Looking at The Lewis Model, France sits directly in the center between the linear-active category and the “multi-active” category.
Individuals from countries in the multi-active category are typically:
Given their tendency to work on many different tasks at the same time and disposition for not following agendas too closely, it’s good to recognize that you may not always capture their attention with the first touch.
Saas prospecting methods for the French market are different from those for the U.K. or Germany. So here are a few tips to get your SDR team started:
Given that France imposed one of the strictest lockdowns across Europe and many workplaces were shut, the rate of contactability by phone in France increased during COVID-19. This represents a good opportunity to ramp up cold-calling in the French market.
Like other countries, France’s SMB conversion rate from contacted to meeting has shrunk, but still remains at a good level at 38%. On the other hand, the chances of French enterprises scheduling a meeting with your SDR has shrunk by a massive 75%.
Important to note: According to the Bank of France, the French economy will shrink by 10% this year due to the COVID-19 pandemic, and predicts that the country will only return to pre-COVID-19 levels by mid-2022.
In the table below, you can see original Bloobirds data that shows how the COVID-19 pandemic has affected prospecting in France.
Note: The following data is specifically for the B2B SaaS market.
Pre COVID-19 | During COVID-19 | |
Contactability % by phone | LOW (16%) | MEDIUM (22%) |
SMB contactability % | MEDIUM (50%) | LOW (41%) |
Enterprise contactability % | HIGH (50%) | MEDIUM (50%) |
Average contact attempts needed to reach a SMB prospect | LOW (6) | MEDIUM (8) |
SMB conversion rate from contacted to meeting | HIGH (66%) | MEDIUM (38%) |
Enterprise conversion rate from contacted to meeting | HIGH (71%) | MEDIUM (21%) |
When it comes to France, our data shows that focusing on prospecting small to midsize businesses is currently a safer strategy. However, overall contactability by phone has increased so it might be the right time to keep calling those enterprise buyer personas.
Spain sits firmly in the multi-active category. Although well known for being more chatty, open, and willing to listen, according to The Lewis Model, the Spanish are also more prone to interrupt and usually have good excuses. While setting meetings is easier, the meeting to deal conversion is generally lower.
Hernan Gimeno, an SDR manager, has this to say about prospecting the Spanish market:
“The contactability rate is normally much better in Spain. The gatekeepers are not normally meticulously-trained like they are in the U.K. to block salespeople, and ICPs from small businesses are not so used to being prospected.
That being said, every Spaniard had suffered telemarketing cold-calling, so a precise and relevant approach is key in order to make them listen to you. Tech and sales are still “kind of new” in Spain, so decision-makers are eager to learn new things and discover new opportunities if the value proposition is good.
However, accepting a meeting is not seen as a “strong commitment” as it might be in other countries. The no-show ratio is generally higher, so keep the follow-up game strong!
My experience in Spain has been that email is more powerful than calls, but always use powerful and personalized cold emails: prospects really appreciate that, since not a lot of people are doing it.”
Prospecting methods for the Spanish market can be a little bit warmer than some of the other countries mentioned here. Here are a few tips:
Sebastian Sanders, AE and senior SDR, shared his insights about the right schedule for prospecting across various countries:
“I’m in Spain and I was working with the UK Market as an SDR, and understanding that potentially people’s lunch break habits and timings are different.”
“So in Spain, we eat a little bit later, so making sure I knew when are the UK guys having lunch and when should I call, before or after. So, exactly, blocking that time and understanding really when those people are going to be active? When are they going to be receptive to the call?”
“Like the last half an hour before lunch, people just not be down for it because they’re hungry. Blocking out that time and understanding your target market and how they’re going to work on a day-to-day basis as well is really important. Not just who you’re selling to but also how your target company works as an organization.“
3. Keep on top of follow up. As Hernan said, it’s good practice to focus on following up. The Spanish culture in general is a lot more relaxed than other countries in this guide, so meetings or planned calls can often be overlooked.
Spain was another country that experienced an incredibly strict lockdown whereby the vast majority of workplaces were shut indefinitely. This is reflected in contactability rates and conversion rate from contacted to meeting, both of which have halved.
Important to note: Spain’s state of emergency has recently been lifted, but the Bank of Spain predicts that the economy could contract by 9% to 11.6% in 2020.
In the table below, you can see original Bloobirds data that shows how the COVID-19 pandemic has affected prospecting in Spain.
Note: The following data is specifically for the B2B SaaS market.
Pre COVID-19 | During COVID-19 | |
Contactability % by phone | HIGH (35%) | MEDIUM (17%) |
SMB contactability % | HIGH (79%) | HIGH (73%) |
Average contact attempts needed to reach a SMB prospect | LOW (5) | HIGH (11) |
SMB conversion rate from contacted to meeting | HIGH (84%) | HIGH (43%) |
Though the conversion rate from contacted to meeting for SMBs has seen a sharp drop in Spain, it was previously very high at 84%. Now that lockdown has been lifted and Spain enters its “new normal”, it’s definitely worth targeting the small to medium size businesses once again, especially with their contactability still being very high (73%).
In conclusion, don’t walk blindly into prospecting new markets with cultures that you’re not familiar with. Far from stereotypes, having an awareness of cultural differences helps SaaS sales teams pinpoint new strategies and methods that are beneficial for both them and the prospect.
When you factor in the effect of the global pandemic on top of this, it’s clear you need much more than a hunch about your ICP to get your foot in the door. Overall, having access to data and insights into your target markets helps you strategize and have a working game plan for each territory that will help your team build out solid sales pipelines.
Learn how Bloobirds’ all-in-one B2B sales prospecting platform can help you break down your strategy and conversion rates by target market, region, and buyer persona to help you use granular data to your advantage.
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