Why That Sales Prospect Hanging on Your Every Word Is Probably Not Going to Buy From You
New research confirms that "happy ears" in sales isn't just some cynical phrase that grizzled sales veterans toss around to poke fun at rookies. It's actually a real phenomenon, now validated by data.
Happy ears in sales occur when salespeople "hear what they want to hear." The data illustrates that when buyers respond to your sales presentation a little too enthusiastically (with few objections raised), they are actually less likely to buy.
The buyer seems positive and eager to get started with the proposal (suspiciously enough, without raising concerns or objections), and the salesperson takes that at face value, letting emotions cloud their judgement and forecasting the deal as a "sure thing."
But, as experienced sales professionals will attest, when prospects respond to your demo in a way that seems too good to be true, it often is.
Measuring the sentiment of 20,858 sales calls.
We at Gong.io publish data from analyzing sales calls with our AI-powered conversation intelligence platform to figure out what works (and what doesn't) in sales conversations.
This time, our data science team measured something we call "sentiment." They analyzed 20,858 transcribed B2B sales call recordings against a sales-specific dictionary, ranking every word, sentence, and overall conversation with one of the following "sentiment scores" ranging from Very Negative at minus-two up to Very Positive at plus-two.
All of these calls were transcribed and speaker separated to differentiate between the salesperson and the prospect, then tied to their CRM records so we could analyze this data against the outcome of the deal.
"Tire Kickers" use more positive language than serious buyers.
It turns out, lost deals actually have a 12.8 percent higher sentiment score (in other words, the buyer uses more positive and less negative language, generating an overall higher "score) than closed-won deals, across all calls that span the sales cycle. Said another way, when buyers express concerns, objections or otherwise "negative" conversation topics, it could be a positive signal for the deal.
Closed-won deals, by contrast, have lower sentiment scores and more overall objections and concerns raised throughout the sales cycle. We also found that positive sentiment levels gradually but consistently decline as a deal progresses through each opportunity stage, drawing closer to the finish line. In other words, as the buyer approaches the final decision, the less enthusiastic and positive they will seem.
Notice that there is actually an increase in sentiment from the first to second deal stage (possibly indicating that a presentation is delivered in the second stage, generating the buyer's initial enthusiasm).
More importantly: notice the sharp drop in positive sentiment during the final stage of the sales cycle, where the buyer and seller may be verbally wrestling with each other to come to a win/win agreement. On the other side of the same coin, as deals progress toward closure, buyers will more often express negative language and sentiment. The closer you get to closing the deal, the "grouchier" your buyer may come across. It's important to not view this as a bad thing.
If a buyer is drawing close to writing you a check and they seem to have nothing but concerns and objections, that's actually a positive signal. They're working through their final emotional hurdles before purchasing. Your job as a sales professional is to help them through those final concerns and emotional hurdles, not recoil from them.
Ask the tough questions and demonstrating leadership.
There are two actionable takeaways every sales professional should conclude from this data.
First, if a buyer is expressing nothing but enthusiasm for your proposal, it is a sign that you're avoiding asking the tough questions. In these cases, you need to take the responsibility of actively surfacing the reservations, concerns and obstacles your prospect has that they've failed to communicate on their own. Be the one to get them out in the open, if your buyer doesn't express them without prompting. If they remain trapped in the buyer's head, they'll remain unaddressed, acting as a silent landmine for your deal.
One of the best SaaS salespeople I know, for example, regularly asks "What obstacles and reservations need to be resolved before we move on to the next step?"
Second, take note that serious buyers become more concerned -- not more excited -- as you lead them through the sales cycle toward a purchase. This is a call for leadership, not concern. A sales amateur will recoil in the face of this reaction with shaken confidence, unsure of what to do. A sales professional will see this as his or her opportunity to help the buyer through their final emotional hurdles by using empathy, leadership, and listening skills.