It's all about the timing!

Today’s buyer approaches buying much differently than just a few years ago. A few years ago you likely picked up the phone and spoke with a salesperson and let that person know you were interested in buying. Today that’s not so. The buyer in today’s “new economy” is much more interested in forming an opinion and assessing what options they have long before they speak to a salesperson.

So how is a buyer forming opinions and making assessments of their options? They are educating themselves. They are doing this through trusted sources of information such as blogs, websites, e-books, journals, e-newsletters, and forums. The buyer over time is forming solutions based on the information they have gathered that speaks to their pain.

So the question is, how is a buyer in the “new economy” forming opinions about you? Do they find you easily on the Internet? If they find you, is their first impression memorable? Where do they find you on Google? Are you on page one or stuck somewhere deep in the pack? How many times do you appear in a search?

When a customer finds you, do they find it easy to get the information they want and to get it when they want it? Or do they end up having to wait for you to respond? Do you have a “breadcrumb trail” that leads the customer to a predictable experience, or is it all by luck and sales persuasion?

Many companies unfortunately put the majority of their time and effort towards the selling process and little time and effort on the buying process. This leads to frustration and mediocre sales results. In the “new economy” you must align the selling and buying process, or you’ll find a steady erosion of relevance, influence, and value. The “new economy” is not going away. It is only going to become more pronounced.

Winning In a Down Economy

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In a time of great change, there is great opportunity. When there are changes in companies, jobs, business models and economic reality as we know it, there is always a redefinition of what the new rules will be.  Those who play to the emerging rules become beneficiaries of opportunity.

When we are coasting in business and life, we get lax.  We take things for granted.  When things are status quo, you are on cruise control.  As a customer, you like the goods and services you have become accustomed to.  You have that favorite restaurant or drink at Starbucks you buy without thought.

When hard times hit – loss in revenue or loss in job, you start shopping at cheaper places and looking for deals.  So does everyone else.  A higher level of discretion and scrutiny has entered your psyche.  You move with the ebb and flow of your situation. [Read more...]