SAP NEWSBYTE — While customers are more empowered and informed today than ever before, they still prefer personal interactions with trusted advisors when being engaged in the sales cycle. According to the findings of a global survey released today by SAP SE (NYSE: SAP), personalized direct engagement is still the preferred method of contact among business buyers.
“When selling to empowered customers, there is an expectation that the sellers know more than the buyers,” said Jamie Anderson, senior vice president, Marketing, Customer Engagement & Commerce Solutions, SAP. “And more importantly, customers want to be sold in ways that are contextual, relevant and personal. Therefore, companies are expected to create unique and personalized interactions, which keep customers engaged along every step of their buying journey.”
Conducted by independent research firm Loudhouse with support from SAP, the survey polled more than 1,220 senior personnel responsible for purchasing goods and services within organizations of all sizes across vertical industries in the United States, UK/Ireland, France, Australia, India, Brazil, Mexico, Italy, the Netherlands and the Nordics. Among the key findings:
- Face-to-face interactions are crucial in the final stages of the buying process, with 60 percent of those polled using it to make final decisions and 43 percent to shortlist vendors.
- Technology is still king for initial research, with 75 percent using Web searches to identify vendors, followed by 73 percent using vendor Web sites and 71 percent tapping into social media and blogs.
- Trust is the single most important factor when buying from vendors, but 60 percent say they are less tolerant and trusting of salespeople generally.
Trust Is Earned
As the results show, buyers are busy and personal engagement is critical for organizations to gain trust. By providing evidence and helping buyers understand how a product fits into their day-to-day experiences, companies can reassure buyers and help alleviate risks. Highlighting this point, 88 percent of respondents said they want to feel good about the purchase decisions they make based on due diligence, guidance and the trust they have with vendors.
Stand Out From the Crowd
Buyers today are frustrated as most vendors push marketing messages with traditional tools that don’t meet their needs. According to the research, 80 percent of buyers say vendors approach them with canned sales pitches and 75 percent feel they are are way ahead of a salesperson who is supposed to be “helping” them. Engaging buyers today require a new kind of thinking, a new approach and new tools. Vendors need a combination of contextualized marketing and service, fully integrated processes across all sales and commerce channels and a platform built on customer intelligence.
Any statements contained in this document that are not historical facts are forward-looking statements as defined in the U.S. Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “believe,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “project,” “predict,” “should” and “will” and similar expressions as they relate to SAP are intended to identify such forward-looking statements. SAP undertakes no obligation to publicly update or revise any forward-looking statements. All forward-looking statements are subject to various risks and uncertainties that could cause actual results to differ materially from expectations. The factors that could affect SAP’s future financial results are discussed more fully in SAP’s filings with the U.S. Securities and Exchange Commission (“SEC”), including SAP’s most recent Annual Report on Form 20-F filed with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of their dates.