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Sales Management > Articles
on Sales Management > Stop Selling!
Stop Selling! Help your customers
buy and experience a new business high
By Charlie
Lang
"Why
do people buy?" is an important question many sales professionals
ask. A lot of research has been done on the psychology of buying
behavior. Professional marketing tries to make use of such knowledge
and adapt their campaigns accordingly to achieve the most effective
sales pitch. A question less often asked is, "When do customers
buy?" Charlie Lang, executive coach and trainer at Progress-U
Ltd. has some answers.
Sales people are often puzzled by the sometimes long duration of
the sales cycle. Sales forecasts often fail because they are based
on a sales person's judgment of how close the customer is to making
a decision. Why does this feeling so often prove to be wrong? Do sales
people generally have bad intuition?
Having worked in sales management for more than a decade and having
had the opportunity to work with outstanding sales professionals and
sales trainers, I made an important discovery that confirmed my year-long
observations and provided me with the insight to make sense of what
was happening.
Particularly in business-to-business (B2B) transactions, sales people
usually talk to only a very small portion of an entire decision-making
system (DMS). They believe that the person(s) (I call them here 'interlocutors')
they are talking to fully understand their buying process and would
be able to make a buying decision. Hence, they rely on the statements
of their business partners to make a judgment on the duration of the
sales cycle and the probability to be successful.
However, reality is somewhat different. The interlocutors usually
do not fully understand the purchase process. Also, they are only
a part of the DMS and may have only limited influence. As a consequence,
the statements made by the interlocutor to the sales people are either
very vague (in case the interlocutor is aware of his limited influence
and knowledge) or simply his personal opinion (in case the interlocutor
truly believes that the decision is made by him alone, ignoring the
existence of a DMS). Of course, there are rare cases in B2B transactions
where only one person is in charge of the complete decision-making
process. However, this is more of an exception rather than the rule.
So when do customers really decide to buy? There are two major triggers:
1. The DMS reached a sufficient comfort level with the decision.
2. The DMS is under high pressure to make a decision, i.e., if not
making a decision threatens to create worse consequences than making
a decision.
As a consequence, if sales people are able to support their interlocutors
in helping the DMS reach a comfortable level with the decision to
buy, they can:
- Greatly reduce the duration of the buying cycle (there is actually
no sales cycle)
- Greatly improve the probability of getting the business because
the buyer will recognize the seller as a true consultant
- Greatly improve the accuracy of their forecasts
A key module of the Innovative Sales Program of Progress-U Ltd. focuses
on teaching the principles of purchase support and how the sales team
can help their interlocutors manage and influence the purchase process
of the DMS more effectively and efficiently.
For more information related to the Progress-U Innovative Sales
Management Program please visit http://www.progressu.com.hk/SalesDP.htm
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Charlie Lang is an Executive Coach and Trainer who founded Progress-U Limited in 2002. His mission is to develop his clients to become First-Class Leaders and to achieve a positive image of sales through the unique Stop Selling! approach he co-developed. He is a passionate and professional Executive Coach, Mentor Coach, Trainer, Public Speaker and Author of articles related to leadership, change management and innovative sales. In 2004, he initiated the Master Coach Alliance in Hong Kong, a network of professional Life, Business and Corporate Coaches. End of 2004, he started authoring a book on First-Class Leadership which is due to be published in mid-2005.
Copyright 2002-2005 Progress-U Limited |
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Want Content For Your Web Site or Ezine?
You may copy any of the articles written by Charlie Lang to your web site, or distribute them in your ezine or magazine, provided that you include the following attribution (including link to http://www.progressu.com.hk):
With permission of Charlie Lang, Executive Coach & Founder of Progress-U Ltd.
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