Some Surprising Research Related to High Stakes Sales
When we ask sales pros to share what matters most with high stakes sales, most get it wrong. If you had to pick what matters most to buyers when they are making an expensive, high stakes purchase, what would you pick?
What Sales Research Says
Our sales microlearning experts tell us that, based upon research from Selling the Invisible: A Field Guide to Modern Marketing that when buyers are making an expensive, high stakes purchase, they’re mainly looking for The safest option. When we ask participants in our business sales training workshops, the majority believe that sales prospects want the best option and focus on that aspect of their value proposition.
In high stakes sales, that is a costly mistake. Research shows that when buyers are making high-stakes decisions, it comes down to one thing: risk. Buyers aren’t necessarily looking for the “best” option; they’re looking for the safest, most reliable option. They want to minimize the risk that their decision comes back to haunt them.
The Sales Pitfall
Most salespeople have a built-in bias in favor of “the best.” The top solution sellers pros always want to compete and win. And your sales presentations probably reflect that state of mind; you’re interested in showing how your offering will do the job the prospect wants done better than anything else on the market. What the research tells us, however, is that sometimes you may want to soft-pedal your “bestness” in favor of other attributes – like reliability and security.
Action Steps to Win High Stakes Sales
Our sales management training experts say to:
The Bottom Line
High stakes sales are different than normal sales and need to be treated accordingly. Does your pitch include the ability to reduce and mitigate risk for your target clients?
To learn more about winning high stakes sales, download The Top 30 Effective Sales Questions that Matter Most
Get key strategy, culture, and talent tools from industry experts that work
Assess how you stack up against leading organizations in areas matter most
Download published articles from experts to stay ahead of the competition
Review proven research-backed approaches to get aligned
Stay up to do date on the latest best practices that drive higher performance
Explore real world results for clients like you striving to create higher performance