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April 16, 2011
Non-Buyers are Liars too: Don’t let Reps Conduct Win/Loss Analysis
By:
It’s fantastic that you want to capture Win/Loss data. If your organization is currently making an effort in this arena, you’re in the minority and already ahead of the curve. Win/Loss analysis metric data is easily the most poignant source of information to draw from when making forward looking tweaks to your sales force. That is, of course, assuming that the data is accurate and based on candid responses from both your buyers and non-buyers.
It might be tempting to have sales reps gather Win/Loss Analysis data. Reps have an existing relationship with the contact, and their cost of information gathering relative to other resources in your organization is probably rather low. However, if your organization is implementing changes to the sales force based on bad data, the consequences are always going to be costly in the long run.
It is important to recognize some of the reasons why it is difficult for sales reps to gather truthful information:
The only way to circumvent this problem is to implement a formal win/loss analysis program, with a dedicated and impartial Win/Loss interviewer. This individual might be someone in your organization, like a customer service representative or a sales ops personnel member, or it might make sense to engage an outside service for this task. If you’re serious about capturing rich and useful data from a win/loss analysis, don’t let your sales reps conduct it.
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