Developing trust is the key to shortening the sales cycle.
All marketers welcome a shortened sales cycle. A shorter sales cycle means less work and the possibility of engaging with more prospects in the available time, leading to both increased efficiency and better volumes.
The key to shortening the sales cycle is to earn the prospect’s trust. Here are some tips on how marketers can build trust with their prospects and in turn, develop long lasting relationships:
1) Ensure consistency. Today’s consumers access marketing content from multiple channels. Telling prospects that a product may deliver a return of “x” percent on one channel, and a return of “y” percent on another channel is sure to have the prospect thinking. This might also make them more prone to cross-verify and hesitate.
2) Utilize social media. Generally, people tend to trust people whom they know, even if remotely, compared to total strangers. In this sense, social media can help marketers
. An introduction or endorsement from a prospect’s contact will go a long way in establishing a relationship that will shorten the sales cycle considerably.
3) Remain connected. The best way to develop trust is by becoming more familiar to the prospect. It is possible to increase familiarity with your prospects by having a strong online presence, following the prospect in social media, sharing content, initiating a conversation, and inviting the prospect to an event.
5) Avoid the hard sell. While cold calling and highlighting the product’s good points may be part of the marketer’s job, the overriding intention should be to build a relationship and provide value to the prospect.
Staying connected, tracking prospect activities, and, most of all, providing the prospect valuable content are all ways in which organizations can build trust with their customers. Marketing automation, when used appropriately, can accomplish all three of these key tasks and, as a result, play a major role in helping companies build trust and shorten their sales cycle.