The Top 9 Warning Signs That You Are Losing The Deal
No matter what you sell there are natural steps, common questions and a normal way of doing things. I often work with clients to help them define what is normal and what is abnormal. I have talked about the four buyer types in a past blog and it is true that each one operates in a different way. The difference is how slow/fast they move or how much/little detail they need. With that said, there is still some commonality to the sales process. What do I pay attention to if the prospect wants to move through the sales process in a normal vs. abnormal way? Because when something falls outside of the norm my radar detector goes up and starts flashing warning signs. I am not saying everyone has to conform but usually if something is outside the norm then typically you are loosing the deal. That makes me slow down and dig deeper so I understand what is going on. Fortunately many times you can save yourself from losing the deal if you acknowledge that there is something abnormal with the deal and act in a proactive manner before problems arise.
So what are some common warning signs you maybe losing the deal?
1) They withhold relevant information
2) They want way too much information for where they are at in the
sales process
3) They want price quote or proposal prematurely
4) They tell you there is an opportunity here but don’t let you
develop a relationship
5) The deal moves way too slowly
6) Typical decision makers are not involved
7) You don’t have access to decision makers and influencers
8) Your competition has met with the boss but you are blocked from
meeting the boss
9) When they dictate and demand vs. collaborate
Many times we know these these red flags are there but we are too worried or scared to acknowledge them and thus continue on our normal process with our fingers crossed that these flags will disappear. The more you ignore the warning signs and not take the action needed the more deals fall through the cracks. In summary – work proactively instead of reactively. If you have any more warning signs that you are losing a deal I would love to hear them!
Thanks!
