What Are The Buying Signals in Sales?
A buying signal is an action that indicates a chance for a sales representative to contact a prospect. It assists in determining how much a person requires for the product or service so that a sales representative can focus on those most likely to buy. These sales signals include non-verbal cues, repetition, body language, and increased curiosity. To understand these signals, you must first understand the buyer’s mindset.
Non-Verbal Cues
When selling to customers, non-verbal buying signals can help you get the sale. Non-verbal cues like a raised eyebrow or increased nodding can indicate that a customer is ready to buy. These signs can be picked up even when the salesperson and the customer are conversing.
Non-verbal cues are extremely important. Whether selling to an established client or a new prospect, it is vital to understand what your prospects are communicating. For example, if they’re relaxed and friendly, this could mean they’re ready to make a decision. Other signals include their body position, gestures, and their skin tone.
If a prospect asks for a follow-up appointment, this is one of the strongest non-verbal buying signals. It shows that the prospect is interested in the conversation and wants to take the next step. Hence, it’s crucial to set up the next meeting as soon as possible. Prospects interested won’t dilly-dally, so make sure you listen to their non-verbal buying signals and take action accordingly.
If you’re a salesperson, learning to identify these signs can help you close sales faster and have more effective customer interactions. Understanding these signals can help you identify the buyers with the highest likelihood of buying your product.
Inquires About Price
Inquiring about prices during a meeting usually indicates that the prospect is considering purchasing. Still, some salespeople are frightened of questions like, “How much does it cost?” “Can you give me the best price you can?” ” or “Do you offer discounts?” ” They believe that their price will deter people from purchasing. But you don’t have to be concerned about that. Prospects are inquiring about pricing because they want to know how your solution fits their budget. So, if they give you this signal, proceed with the sale.
Increased Curiosity
Increased curiosity is one of the most common signs of a potential buyer’s interest. Customers who ask about the features of a product or service express their desire to buy. In addition, they’re seeking assurance that their time and money will be well spent. However, many of these meetings turn out to be non-buying opportunities.
When a prospect is eager to learn more about your product or service, it’s important to be respectful. They shouldn’t be too eager to obtain a free quote or demo, but they should be genuinely interested in your offer. These are the types of prospects who are good buying signals. Even though noticing one of these signals alone doesn’t guarantee a purchase, the likelihood of a prospect making a purchase is much greater if they exhibit multiple signals.
Seeks Advice From Peers
You may notice that more than one person from a company is visiting the site at the same time. This could indicate that someone with purchasing authority has solicited feedback on the product from his or her peers.
This may also be true if a person copies their colleagues during email correspondence with a sales agent. If they’re bringing other people into the conversation, it’s a good sign that they’re debating how the product fits their needs. In any case, if the main contact is soliciting feedback from coworkers, it’s likely that they’re weighing the pros and cons and are nearing a final decision.
Interested to Know About the Terms and Conditions
When a prospect inquires about warranty details or money-back guarantee policies, they are most likely determining whether or not they can rely on you to provide excellent customer service.
Look for this signal during sales meetings or phone calls. Check to see if the prospect has visited the warranty page on your company’s website. If they have, now is a good time for an agent to contact them and see if they have any questions about the next steps.