Sales Is Helping Customers Make The Correct Decision More Quickly

Sales Is Helping Customers Make The Correct Decision More Quickly

Whenever someone buys something, he or she is making a decision. The decision is to spend money in exchange for a product. Following this same logic, it is the job of salespeople to guide and influence this decision process.

It stands to reason that if you are trying to influence someone’s decision-making process, you want to start that effort as early as possible. It is progressively harder to change the decision the later that you start. Eventually, it becomes impossible to reverse the decision.

For instance, if you try to influence the decision one year after the decision is made, you have no chance of success. Your only opportunity that far out is to convince the customer to make a new choice and effectively throw that old decision out. For argument’s sake let’s say that you have 0% of changing the decision.

As we move the timeline earlier, it is probably just as hard to influence the process one month after the decision. You may have more time to achieve this since it might be possible to “return” the purchased product, but even in that case, the original decision is tough to change. As above, let’s assume that this is a 1% chance of happening, but anything past that one month mark is effectively 0%.

Your influence of a prospect’s decision is probably the same throughout the entire month after the decision has been made. Let’s face it you are late.

On the other end of the decision process, before the customer has ever thought about purchasing a product in your space, you probably have the most significant ability to influence the decision (assuming that you have access to the decision maker). Before the decision maker has ever thought of the problem that your product solves, you have the highest ability to influence that decision to be favorable to your product. After all, at that point, your decision maker hasn’t talked to any competitors and hasn’t researched the industry on the Internet. In fact, by this definition, the customer doesn’t even know of the problem!

So in the world of sales professionals where we influence the decision (which is our job) our ability ranges from 100% to 0%, depending on the buying timeframe of our prospect. As we can easily see, as soon as the prospect starts to research the space, our influence begins to dwindle. So it just makes sense that if you want to win more orders (and eliminate your competition), then you need to talking to prospects extremely early in the decision-making process.

The drop-off from a great deal of influence to almost no influence is not a straight line. At the beginning of the process the drop off is slow and then partially through the decision-making process competitors are eliminated, and the choices start to dwindle down. Finally, at the end of the decision-making process, the decision is pretty much made, but the last few steps of the process are to get everyone on board with the decision and perhaps to negotiate the final price.

We need to communicate to prospects early in the decision cycle, but we need to do it effectively and efficiently as we will never be able to predict when the early prospect becomes serious about the benefits that our products provide.

The big challenge is that you need to communicate with your early prospects without spending an inordinate amount of time with them because most of them are not ready to buy, but they are receptive to influence. Your challenge is to communicate with them effectively. Luckily, this is a lot easier in the 21st century that it has ever been. We now have exceptional tools to convey information to prospects quickly, efficiently, and cheaply. These tools are email and social media.

I spend several pages in my book, Eliminate Your Competition, describing how a complex business organization makes a decision. The reason to understand this process is for you, the salesperson, to know where you are in the process and realize that your ability to influence the decision is waning.

You may purchase my book Eliminate Your Competition from your favorite book retailer. The ebook version is available at the most popular retailers such as Apple, Amazon, Barnes & Noble. The paperback version is also widely available at such retailers as Amazon, Barnes & Noble, and Books A Million.

Header Photo by Clker-Free-Vector-Images (Pixabay)

 

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