How Do We Speed Up the Sale?
1.) Co-create urgency with your buyer. Specifically, find out early in the sales cycle how a customer wants to buy from you and when they need to have the product or service in place. You then have to work a buying project plan back to the point where they have to say yes in order to meet their implementation deadline. If they communicate their implementation deadline and you tell them when they need to buy in order to make that happen, you’ve co-created urgency together and you’ll speed up the sales cycle.
2.) Talk to multiple people inside the organization, including the buyer directly. You will want to be proactive when it comes to that because the vast majority of sales cycles are elongated—elongated as a result of the delayed process of reaching out to someone in that organization and receiving the dreaded response, “Great, let me take that to my manager.” This process indeed drags on, and your contact within the organization is constantly waiting for their manager to make a decision—a manager who has not been involved in the discussions, has other priorities, and does not have a sense of urgency. As a result, indeed, we see an elongated sales cycle.
2 responses to “How to Shorten Your Sales Cycle | Sales Strategies”
[…] single time you’re in a position to finalize an opportunity, simply ask. Ask such questions […]
[…] It’s reasonable to assume you can move your closing ratios up to 45%, 48%, 50%, or 55% before you start to question the system and its legal and ethical implications. However, we do want to move our closing ratios up there. I can’t provide that number specifically because every market, product, or service is different across the world when it comes to sales. […]