One of the greatest challenges facing the modern sales rep is the buying committee.
It seems like today’s companies can’t buy anything without several people involved. You’ve probably noticed that you’re not selling to a single decision-maker anymore. Less noticeable has been the growth of that committee for some time now. And as the size of the committee grows, the likelihood of a decision declines.
Every sale is made up of three fundamental components that must all be true at the same time before the prospect will buy. These are beliefs that the prospect must form before they’ll move on. Specifically, the prospect must believe that:
Their problem is worth solving, more than others they may have at the moment
The seller’s solution will solve their problem
The seller’s solution is better than the alternatives, including the seller’s competitors
Bigger buying committees slow everything down and completely cripple the chance of a sale. It’s hard enough to get one person to believe all three of these. To get ten people to believe and to agree with each other about all three is practically impossible.
This has been happening for some time, but the first time many of us noticed this was after the recession in 2008 and 2009. As money tightened, purchases received more and more scrutiny. If today’s committee is somewhere between seven and ten members, imagine what it will look like once we return to the recession.
Why it matters:
Incumbents still win when they shouldn’t
What’s easier than making a decision? Doing nothing. That often means that a current vendor retains the business.
It only takes one person to kill a deal
If you’re talking to a team of seven people, the wrong person’s priorities can derail the whole project.
It’s always your can that gets kicked
When buying teams are larger, everyone has their own priorities. Your deal starts too small or gets delayed.
Use These Decision-Making Teams To Your Advantage
In today’s business universe, decisions are no longer made by a small group of core powerful executives and influencers, much less a single business owner. These buying teams now consist of upwards of seven individuals, each with a different role and responsibility. So how are you going to make all of these people move in the same direction?
It’s not about addressing each individual. It’s about aligning your impact with the organization’s top priorities. Land the project and drive revenue by unifying all parties involved.
Click on the different category headings to find out more. You can also change some of your preferences. Note that blocking some types of cookies may impact your experience on our websites and the services we are able to offer.
Essential Website Cookies
These cookies are strictly necessary to provide you with services available through our website and to use some of its features.
We provide you with a list of stored cookies on your computer in our domain so you can check what we stored. Due to security reasons we are not able to show or modify cookies from other domains. You can check these in your browser security settings.
Other external services
We also use different external services like Google Webfonts, Google Maps, and external Video providers. Since these providers may collect personal data like your IP address we allow you to block them here. Please be aware that this might heavily reduce the functionality and appearance of our site. Changes will take effect once you reload the page.
Google Webfont Settings:
Google Map Settings:
Google reCaptcha Settings:
Vimeo and Youtube video embeds: