
The Prospect’s
Buying Manifesto:
The Great
Shakedown
The
most significant change in the selling landscape in the last 10 years
has been the way prospects buy; sadly, not the way salespeople sell.
It is just as important to understand and master the prospect’s buying
process as it is for salespeople to master a systematic sales process.
The
prospect’s buying system in the majority of cases is far superior
to and more sophisticated than the strategies sales organizations utilize
to sell. When we did research, we found that most salespeople were not
even aware of the fact that prospects had a clearly defined and disciplined
buying process. Those who were experienced enough to know, didn’t
have a systematic sales process to balance it, counter-act it, or supersede
it.
The
prospect’s system is masterful; it is efficient, effective, nondiscriminatory
and plays no favorites. It demands unquestioning obedience; it gives
them an unsurpassed moral authority and rules with a sense of entitlement.
What they leave so often in their wake is carnage of empty promises
and shallow commitments.
The
prospect's manifesto’s goal is to put salespeople in perpetual limbo.
Their objective is to gain and compile all of salespeople’s information:
pricing, terms, proprietary and creative ideas, free consulting, expertise
and solutions. Then they play their cards very close to their chest
and give very little in return. Once they have what they need, they
maximize their time and minimize salespeople’s time. Now that they
have all your valuable information, they now can position themselves
as savvy, informed, and educated consumers of what you sell. They proceed
to stall you, mislead you, and take you down the primrose path. They
then put you in the unenviable position where they pit you one against
another, they squeeze you on price, they have you going down dead-end
alleys, and then they deliver their “piece de resistance”; they
leave you hanging out to dry as to what will happen next, all along
doing it with a smile. Sound familiar?
The
most important question at this juncture is, how was this created and
who is responsible for this albatross and cluster fest? The undeniable
answer and hard truth is, we are. If this is to be corrected, the sales
profession, whether wholly right or wrong, must take full responsibility.
To put a charitable spin and balance to this, we’ll say that neither
the seller nor the prospect is in the right and both are wrong and at
fault. There are no value judgments here.
To
level the playing field, sales organizations will have to have a thorough
and complete understanding of the intricacies and motivations of the
prospect’s system so they can at least level the playing field. Since
salespeople do not have a Bill of Rights or a Geneva Convention, at
a minimum they have to establish a system of self-preservation.
The
following will be a dramatization, for entertainment and educational
value, of the prospect’s manifesto. Through all the fury of it, you
will see some real hard truths in the four steps of the prospect’s
buying process. This will be an unedited and “R-rated” version.
STEP 1
The Preemptive Strike
Have
you ever experienced a prospect who was a little less than forthcoming;
they shade, color, or stretch the truth? You guessed it. In the first
step of the prospect’s system, they lie to salespeople. So why do
prospects feel compelled to do this preemptive strike? There are quite
a few answers and motivations.
First
of all, it is a defense mechanism. It is a way to protect themselves.
They also get leverage and a sense of being in control by getting the
upper hand. But why do they feel this is so necessary? Well what do
they inherently know about salespeople’s motivations and the lengths
they will go to make a sale? They know perfectly well through experience
that salespeople also will seek control and leverage by lying. How do
you know when a salesperson is lying? When their lips are moving. And
generally what are their lips moving with, or what is coming out of
their lips? Salespeople’s lips are reverberating with the same perceived
lies that prospects hear from most salespeople… quality, service,
reliability, value, and performance. So the ugly truth is out! Prospects
lie to salespeople because they perceive that salespeople lie to them.
When
salespeople get out their feature and benefit machine gun, lock and
load and proceed to “featch and preach”, they lose all credibility.
The problem is, prospects instinctively know that not all companies
can lay definitive claim to these corporate pie in the sky selling points.
For
example: a prospect meets with four different companies, arguably
unique and competent in their areas of expertise. All claiming, in lock
step, the exact same value proposition. What are they to do? They invariably
choose on an emotional, non-logical level the company that they’re
most comfortable with. They unconsciously decide that the three other
competitors were less than trustworthy or forthcoming. Or worst case
scenario, possibly they weren’t to be trusted at all and they were
stretching the truth.
The
point is, what salespeople work so hard to achieve they actually prevent.
They attempt to create authority and credibility with their value proposition
and it does the exact opposite. They discredit themselves and their
offering. It also reinforces the worst stereotypes prospects have of
salespeople. Salespeople are shackled with being in the position of
being guilty until proven otherwise.
The
first lie salespeople hear is: “John, it’s good to meet you”.
This is after they have seen four other salespeople selling entirely
different products and services, not surprisingly, all touting the exact
same features and benefits. Some of the other lies are: they claim they
have a limited budget when they don’t; they claim they have an unlimited
budget when they do not; they claim they are ready to buy when they
are not.
To
up the ante, they goad and tempt you with the following: “John,
the gods must be listening, your timing is perfect. I have a hot deal
- just handed down from the ‘powers that be’. Your company, by the
way, comes highly recommended. We need a complete proposal by Friday.”
John knows a shoo-in when he sees it. Being an accommodating “Johnny
on the spot” salesperson, he burns the midnight oil, pounds out a
proposal during an all-nighter. To demonstrate his selfless commitment
to the cause, he exceeds his prospect’s request and gets in it two
days early. Fast forward six months, 17 unreturned phone calls, 13 unresponded
emails: he finally shames his prospect into taking his call. Although
he realistically doesn’t expect the royal treatment, he is shocked
and humbled by his prospect’s “non-response”. “John, we are
very busy now, we’ve gotten your calls and emails, and we’ll contact
you when we are ready.” All along, the salesman was just doing his
job and following up in what he believed to be in good faith.
Or,
they want to test your mettle and they bait you: “We have
a preliminary sample run in our Lincolnshire plant. Although I can’t
commit as of yet, the person who gets this one… it’s a definite
“maybe” for the global rollout of 20 other plants around the world!!!”
Then they put out the carrot a little further and ask, “So, how
can you help us and how can we be partners?”
From day one salespeople are trained to be information sellers. Their
companies reinforce this edict by spending untold time educating them
on the minutiae of differentiation and the justification of their premium
product. And since the salespeople are so ingrained in this selling
mentality, they believe it is their “God-given right” and “destiny”
to give out as much information as possible and to deliver it as quickly
as possible. Now this perfectly sets up sellers for Step 2 of the prospect’s
buying process.
STEP 2
No Good Deed Goes Unpunished
They
reduce salespeople to “free consultants” by pilfering and misappropriating
their information. They want to know everything about your company:
pricing, conditions, terms, specifications and creative solutions. They
coldly demand it upfront and unfortunately, they want to give you very
little in return. Salespeople with unbounded excitement respond perfectly
on cue, by assuming the “Rambo” position, whipping out their “feature
& benefit machine gun”, recklessly spraying and praying, and hoping
some of their valuable information will stick.
So
why do prospects want your valuable information? First of all, you can
be used as a “whipping boy”. They can use your information to go
to their existing supplier and beat them up on price. Secondly, because
of their unwavering faith in the good nature of their prospects, salespeople
are only too keen to engineer a unique custom solution, not thinking
in advance that when presented to their competition by their prospects,
the solution can be easily modified or outright duplicated. Salespeople
are dangerously putting themselves into a collaborator’s role by unwittingly
aiding and abetting their competition. This easily happens when the
prospect goes to their preferred vendor and presents your exact ideas
to the competition and asks them if they can do it. You can probably
guess what the response is. The competitors briefly pause, and without
further missing a beat, know it can be duplicated and state to the prospect,
“We not only can do it, we can do it faster, better and cheaper.”
Thirdly,
when all the stars are aligned properly, prospects can take your creative
ideas and replicate them internally without having to bother to outsource
it with any outside suppliers.
The
last reason they want your information is to use you for column fodder.
Prospects realize your solutions are intricate and complex and can be
best analyzed and deciphered when information is provided to them on
a common platform. Once they are able to spreadsheet you and load your
data into Excel, they can now compare apples to apples and reduce you
to a common denominator.
Salespeople
who have “happy ears” and who misallocate their information and
lose leverage and control in the sales process personify step 2. They
reduce themselves to unpaid consultants by doing wasteful samples, demos,
tests, and proofs of concepts. Lots of salespeople eventually leave
sales because they can’t economically support this “free consulting
habit”.
STEP 3
The Gift That Keeps On Giving
They
lie again. They color, white brush and lie to salespeople as to what
is going to happen next. They have had you do the proverbial jumping
through hoops, but they may not be done with you fully. They want to
keep you in their hip pocket just in case their other options dry up.
Prospects are masters at creating blind alleys, knowing salespeople
have it imbedded in their DNA that a good salesperson never quits and
to even think of doing so is a crime against the advancement of humanity.
At
this point, prospects fuel the engine of false hope for salespeople
by proclaiming with the straightest of faces:
“It
is a definite maybe, in all probability, there’s a strong likelihood
down the road, in the near and foreseeable future; if nothing changes
and everything remains the same, barring any unforeseen circumstances,
under optimum conditions, we are going to form a special committee,
a task force, and a sounding board, which will convene a review subcommittee,
who will confer with a special blue ribbon commission, who will ultimately
get a green light from an advisory board so they can approve a feasibility
study, a quick field test, a trial evaluation and beta test. Then, it’s
just a quick run up the flagpole for a rubber stamp of approval from
the CIO, CEO, COB, CMO, and CFO. And we’ll most assuredly get back
to you pronto with the good news.”
Salespeople
hear angels singing in the heavens and since this is music to their
ears, they call their plant manager to order the raw materials from
India so they can fast track this phantom order.
Or,
what also happens after a wonderful lunch at their prospect’s favorite
steak and seafood restaurant, the prospect announces to them rather
sheepishly that a competitor has entered in the 11th hour
and they are beholden to get a bid from them. The other bad news is
that they are lower. They don’t even tell the salesperson directly;
they use hand signals to make their point. But to make the salesperson
see how much they value their relationship, they again remind the salesperson
how much they and their spouse really enjoyed that ski trip that you
provided last year.
At
this point, because of the salesperson’s absolute state of panic,
and the now doubtful annual President’s Club trip to Hawaii up in
the air, they don’t even think of asking how much lower do they need
to be, they immediately excuse themselves from the table to call their
boss and tell them that they need a lower price. When asked how much
lower, the salesperson tells them the thing they always fear the most,
“I don’t know, just do your best”. In circumstances like this,
we find prospects smoking salespeople, salespeople smoking sales managers
and sales managers smoking senior management. It is a vicious loop of
misinformation and a total clusterfest.
There
are four outcomes that result in STEP 3:
1.
Immaculate Conception
A miracle, or some call an accident… a sale is made. After all the
groveling, all the revising and all the discounting, alas… there is
a happy ending. A sale is made. Yet there is an unintended tragedy here;
it reinforces bad behavior and habits. If you continuously fall victim
to the prospect’s system and you change nothing, I guarantee you,
you will continue to enjoy some success. I call this successful outcome
random negative reinforcement theory. You get enough to just make it
worth your while, but you never get enough of what you really want.
This false sense of security of a few random sales falsely reinforces
that the system works.
2.
Double Jeopardy/ Bait and Switch Your prospect wants a new quote,
or a reconfiguration of specs or terms. They grant you a conditional
order on the stipulation that instead of 1000 units you quoted on for
X, they want 500 units with the X price.
3.
Certificate of Merit They
write a glowing letter to your company praising your wasted efforts
and encouraging you to participate next year with the promise of even
greater potential rewards.
4.
Delusion They
are done with you, but you are the only one who doesn’t know it.
STEP 4
The Final Insult: VM, EM, OT, IM, DOA, SOL
The
final insult is the prospect’s pieces de resistance. With cordial
ruthlessness out of the goodness of their heart, they give you free
and unlimited access to their voice mail (VM) and their email (EM),
they’re out of town (OT), they’re in meetings (IM), they’re missing
in action (MIA), you are dead on arrival (DOA) and SOL. In other words,
game over, checkmate.
How
does this final blow feel to salespeople? The many choice adjectives
and expletives are not fit to print here to describe this used and abused
feeling. Suffice it to say, salespeople have put their heart and soul
into the deal, they have invested their company’s resources and time
all for naught. Now salespeople are forced to face the consequences
of their misguided efforts. So they humbly and sheepishly saunter over
to their manager’s office, quietly close the door and proclaim, “I
met all their expectations, I even exceeded them. I showed them how
I could save them 50%. I showed them where we could improve their quality…
what more could I have done? Where did I fall short?”
The sales manager stands up triumphantly and with all the enthusiasm
they can muster says, “Welcome to sales in the new millennium.
Keep swinging kid, the numbers are in your favor. Don’t lose sleep
over it." But wait, there is more! In a final gasp and act
of desperation, seeking redemption, the salesperson throws a hail mary
and goes back for round two, with the same prospect, to be lead down
the same primrose path, with the same disastrous outcome. Many salespeople
die a slow death of a thousand cuts.
This
process that prospects use and salespeople unconsciously support is
enough for most God-fearing salespeople to get religion. Instinctively
knowing there must be a better way, a better industry, a better product
or a better company, they finally quit their “old world” distributor
job and get a job in the hottest industry in the economy… biotechnology.
Only to learn 6 months later that the same demons that dogged them in
their old job continue to chase them in their new job.
To
stay ahead of the curve, they cycle through jobs and industries at a
rate of one every 9 months to become professional journeyman or itinerant
salespeople, trying to elude the realities of a buyer strategy that
they can’t seem to conquer. They are in hell, fighting and kicking
and screaming to stay there. As Scott Peck stated so eloquently in his
book, A Road Less Traveled, “most people live a life
of quiet desperation.”
Don’t
let this theatrical dramatization get you down. The prospect’s manifesto
is like lancing a boil. All the pus has to be let out before you get
relief. There are practical strategies to overcome this occupational
hazard. The good news is this process is self-created and it can be
neutralized. And when you can’t win the game, you can at least make
a decision to stop playing it. In other words, you can choose to “stop
the madness”.