The hidden time slot when buying decisions are made

We all make decisions. Everyday we decide things that have an impact on our lives. Some of those decisions are buying decisions, where you interact with companies that possibly may fulfill a need you have.

Many of you recognize that a major share of the sales process has disappeared. In my post The Death of the Cold Call I visualized the three earliest phases of the sales process being invisible from the sales rep’s perspective, leaving us sales people only with two more phases to work with.

buying-process-vs-sales-process-is-changed

That’s terrifying enough. Of course you can manage the first three phases, but in a totally different way and requiring entirely new set of skills and methods. There are some really experienced advisors out there to help – one of my favorites is Barbara Giamanco – visit her blog for great tips!

But even more scaring is that I noticed a glitch also between the two remaining phases – causing you losing control in that very moment you definitely don’t want to.

hidden-time-slotI call it “The Hidden Time Slot”, because it’s hidden to you and leaving customer to do his choice without your presence. The Glitch happens when you have had your sales meeting – you felt is was successful – and you did all things right. You asked all the questions; about their needs, the price level, the timings and you even got the customer giving you the list of your competitors. You are sure it was the decision maker you talked to and he also gave you a date for his buying decision and committed to get in touch by then.

I’m just asking; are there more of you out there in the sales arena, except me, with experience losing such deals? I believe so, when I’m talking to my friends in sales. The sky was clear, no clouds in sight, and you still lost that damn deal!

Let’s go into the psychology in this by giving you an example from the buyer’s side. Me and my wife was looking for a new car. We thought about a slightly smaller car (children are leaving home), we needed hitch for trailer, GPS and we thought price was important, but not most. We visited several car dealers, as well as where we bought our existing car.

Our existing car dealer sales rep had a great advantage since we really liked our car and we thought it would be easy for us to just change to a smaller one at the same dealer. The existing car dealer was pretty sure about the same.

I can assure you. He did all things right, but he lost the deal anyhow. Why? What exactly was the reason for us to dismiss our easiest way forward?

It wasn’t a single reason we selected another car. It was a process.

Naturally, the existing car dealer asked about our alternatives – his competitors – and he was aware of their price levels. But it stopped there. What he didn’t do was trying to control beyond the buying process – where several other sales processes were running at decent pace, other than his. In my post Beyond The Buying Process I mentioned the key mindset to win large deals is to be your customer. Understanding your customer is simply not enough to be a winner in the modern sales arena.

When starting to evaluate what car we would buy, we also started new sales processes at several different car dealers. They were aware of they had to step up to win this deal, since they weren’t our existing dealer. They were prepared for a battle and they were curious about us. We were impressed how fast they got to learn us; and being friends.

Maybe you think our existing car dealer wasn’t polite or missed things, wasn’t curious or…whatever. He was. He did all things right. But he didn’t make the investigation about how we think about the other dealers. He didn’t rise to the 3rd Level of Sales:

To make the customer buy, the sales rep not only has to understand the customer, he has to BE and ACT as a customer in all contexts.

That’s Beyond The Buying Process. And The Glitch – The Hidden Slot – is only the last checkpoint when all buying thoughts from the entire buying process comes together in a decision.

 

BTW: Sorry for using the worn-out sales example: “Buying a new car”, but it was simply the most recent example where a bit more detailed evaluation was needed for make a good buying decision. //Stefan

 

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