Fueling Growth Through Customer Insight ™ 

CONNECTIONS Newsletter: Vol II, Issue 2 - Mar/Apr 2004  

Resources:

 

> How to Become a Rainmaker

 

> Why We Buy

 

> High Trust Selling

 

 

Marketing Maven Test:

 

Q: Are white papers worth the effort?  What percent of executives that download a white paper either pass it on, file it, or contact the company that produced it?

 

A: Click here for answer

 

How Customers Buy - Seven Key Steps in Getting to the Purchase Decision

by Paul Schwartz

 

Many businesses invest significant resources in designing and adhering to a sales process.  A sales process is critical for planning, forecasting, and generating top line performance and long term success for a business.  While it’s important to create and adhere to a sales process, businesses should also spend an equal amount of time understanding their  customer’s buying process.

 

As I mentioned in the last issue, a solid understanding of your customer’s challenge or problem is critical to building trust.  If you can demonstrate this understanding to your customer you will be well on your way to establishing a stronger connection and are much more likely to be considered in their buying process.  So, what is your customer's buying process?

 

A great way to get started is to map out your selling process and align it with your customers buying process.  Once this is done you should also list, and have answers to the critical question(s) your customers will be answering as they move through to the purchase decision.  To get you started here is a typical selling and buying process:

 

Your Selling Process

Customer's Buying Process – Critical Question

1. Suspect

1.  Awareness of need – what is our problem?

2. Prospect

2.  Search or identify – what are the potential solutions?

3. Rapport

3.  Evaluate options – what are the decision criteria?

4. Qualify

4.  Assess risk – where can things go wrong?

5. Present

5.  Decision to purchase or implement – what is the value provided?

6. Close

6.  Purchase – do we have consensus, any roadblocks?

7. Satisfaction

7.  Evaluation – what results did we get, how can we improve, and will we do business with them again?

Understanding how your customers buy and the challenges or questions they will have in each of the steps of their buying cycle will demonstrate a significant understanding of your customer and is the first link in earning their trust and ultimately their loyalty.  Remember, your not just closing a sale, your opening a relationship TM

Want to know more ways to uncover the key questions and information your customers are seeking in their buying process?  For more information please contact us for additional resources or to schedule an introductory meeting.  Please visit us on the web at www.congruity.biz


Copyright © 2004  CONGRUITY.

 

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