Why People Buy One Thing Over Another
Have you ever taken the time to think about why people buy one thing over another? Whether a product or a service, what is it that flips the switch for them; the thing that makes them say “Yes” to one and “No” to the other?
It’s a pretty important question for anyone in sales and/or marketing. If you're unclear on why prospects purchase the things they do, you're going to find it close to impossible to entice them into doing business with you.
At the most basic level, marketing (and selling) is about educating your target audience about the features and benefits of the products or services you have to offer. Or, as stated at PsychologyToday.com, “Simply stated, a buying decision is the result of a consumer learning pathway where [they can] learn about a product or service and relate it to their specific situation to make a favorable buying decision.”
Now, there are two parts to that sentence that need our attention: the “learning pathway” bit, and the “relate it to their specific situation” section.
The reason these are so important is because, through your messaging, you can help your target audience both learn and relate to the products or services you have to offer. In fact, these are the only things your marketing message should be about.
How Your Knowledge Base Affects Your Messaging
The point we really want to make here is that, sometimes, the more we know about something the easier it is to take for granted that others know something about it too. In other words, our familiarity does not breed contempt, but rather, the more we know the more we assume too much about our target audience.
In other words, the fact that you know your product’s features will benefit your ideal client’s life does not mean that they can see how that’s true – for them.
For example, we know a former mattress salesman who once encountered a customer who asked, “Are there really springs in that box spring?” Nonplussed, his response was, “Uhm, yes.”
You see, he thought the name alone was so basic and self-explanatory it needed no explanation. But, for his potential buyer, the name had little to no meaning. It was just the thing that goes under a mattress to keep it off the floor.
It would be easy to make fun of this naïve customer however, it’s more important to understand the impact this had on our salesman; the powerful realization that he had let his customer down. That, simply because he had intimate knowledge of his subject, he had no business assuming his client base did as well.
It struck him that the more he learned, the more expert he became, the more he forgot to talk about the basics. And that his ability to share the most fundamental facts of the products he sold would go a long way to determining his success at selling the products. At the same time, when appropriate, he had the wide base of knowledge needed to display his expertise when the situation required.
Ultimately, it was not that he knew too much, just that he needed to always be mindful that many people would know far less and it was his job to help them learn what they needed to make an informed buying decision.
Help Your Prospects Learn
Imagine for a moment that you have a degree in advanced calculus. If you happen to get hired to teach fourth graders, your knowledge base will be fairly useless since they are still learning addition and subtraction. If you forget that simple fact, you’ll make a poor teacher.
Similarly, if your marketing message ignores the basics and focuses on things that only experts tend to know, you’ll miss the mark more often than not.
This might mean a coach who talks exclusively about reaching goals will find it difficult to entice prospects who have trouble even defining and setting goals. That’s a fundamental step in business, life, and other types of coaching that can be easy to forget. Goal setting is a skill that must be learned before a client can be taught how to achieve them.
And so, taking from the example of our mattress salesman above, when you’re developing your marketing message, be careful you are not sharing knowledge your audience may not yet be ready to learn. Never assume, as he did, that they have a foundation of knowledge similar to your own.
No, they have a desire but lack the knowledge to make it happen. That is where you come in, and that is why your message, when properly constructed, will resonate with them.
Unfortunately, getting the answer to the “Why do they buy?” question only gets you so far. Once you know that, you then have to ask yourself, “How do I get them there?”
The art of selling requires thought, patience, and knowledge, as well as the willingness to educate yourself about why people buy. For anyone struggling to close more sales, Ted is available with business consulting and sales training for both interior designers and furnishing dealers. To learn more, just… Get in touch with TD Fall today.