B2B businesses today prefer to buy from businesses they know, like, and trust. So, it shows that quality relationships with buyers are key to increasing sales.
And so, even if your leads are satisfied with your product, they might still second-guess their purchase decision if they don’t trust your business.
So how will you earn the trust of your potential buyers? With relationship selling.
In this article, let us understand what relationship selling is and how it plays a significant role in closing your exciting deals:
What is relationship selling?
Relationship selling is a sales technique that emphasizes developing connections between sellers and buyers above all other aspects of the sales process.
Rather than placing a spotlight on details like product or pricing negotiations, the sales team here focuses on building a relationship with their prospects.
In other words, relationship selling allows you to invest more time cultivating a rapport with your leads, helping you gain their trust and loyalty.
Why is relationship selling vital?
Did you know that nurtured leads make 47% larger purchases than non-nurtured leads? (source).
So that’s why you should strategize your relationship-building efforts by employing effective techniques like relationship selling.
Now, let us understand the significance of relationship selling in-depth:
1. Develop trust
Multiple choices make your leads unsure of their buying decision. Relationship selling helps you devote time and attention to knowing your prospects, so you can easily tie a strong knot with them.
Moreover, closer connectivity helps your leads get to know you personally, ultimately allowing them to confidently rely on your business for further purchases.
2. Improve your brand image
Shaping a positive brand image can help you stand out well in your leads’ minds and nudge them to purchase your offerings.
When you focus solely on growing your lead interactions and strive to strategize your relationship-selling tactics, you can instantly establish your brand identity and assure your leads that your product or service is a good purchase.
3. Grow your clientele
Building relationships with clients can help you expand your buyer base. In other words, over a period of time, you can expect a steady flow of leads within your sales funnel.
Additionally, a good relationship with your existing customers can boost your retention rate.
Your existing clients may require an additional service in the near future, and they will likely approach you if you have successfully cultivated a strong bond with them.
Thus, you can swiftly grow your clientele and boost overall sales by employing a relationship-selling tactic.
4. Turn your leads into promoters
If you succeed in building a perfect relationship with your leads, they will confidently refer you and can sometimes even convenience the prospect for you.
Additionally, such positive word-of-mouth referrals can make your brand appear reliable and trustworthy to others who don’t know about your business.
Therefore, tap the relationship-selling technique to your full potential and turn your leads into your company’s extended marketers!
You need to offer value to close a sale, but before that, you must develop a strong bond with your leads to grab their attention. So adopt relationship selling to your sales process and start gravitating your leads towards your business.