Misalignment between the buyer’s and sellers’ processes is a major issue for today’s sales professionals.
Life has changed for both buyers and sellers due to COVID-19. Many organizations added several steps around the financial impact of a strategic buying decision. In addition, buyers have taken into consideration more risk mitigation steps and inserted a lot more time for due diligence. As a result, buyers are simply more careful and more apprehensive when it comes to making strategic buying decisions.
Decision delay and no decision will continue to cause problems for today’s sales professionals. Unless and until sellers adapt and change their process, there will always be frustration trying to strategize or forecast. For example, the buyer performs four steps at the beginning of the sale: economic impact, buying strategy, evaluate options and alternatives, and determine needs. While at the same time, sellers are either unaware of what is going on or following their standard sales process once they are engaged. These two options do not align with the buyer’s ever-changing process. As a result, the seller is far behind the buyer in the process flow. Later in the sale, the seller jets ahead of the buyer by moving to the proposal too soon. Remember all issues must be resolved to mitigate risk. Prematurely submitting a proposal or Business Case can be a disaster for a seller.
Suggested Read: 3 Ways to Ensure Your Sales Cycle Doesn’t Sputter During the Last Mile
