An increasing number of Sales VPs are complaining about deals lost to “no decision,” as it has become increasingly difficult for buyers to find budget, given more stringent business case requirements.
Try the following ideas below to minimize your team’s losses to the “no-decision dragon.”
- Calculate the annual benefit of the solution you are selling, and send the customer a compelling email and/or pictorial representation citing the monthly or quarterly cost of doing nothing. Remember, people often can remember and recite pictures more effectively than simply text or numbers!
- If you get no response after doing #1, send the same email to other people in the organization who might care about that cost, such as the CFO, CEO, or other decision-makers or influencers who may have budget. Find these people using LinkedIn, InsideView, etc. To be bold, you could leave a voicemail describing the monthly or quarterly cost of no decision.
