How many times do customers say no before they say yes?

60% of customers say no four times before saying yes.

Source
Invesp

Topic
Sales Trends

Year
2022

Closing a sale can be challenging in today’s competitive business climate, but there are certain tactics and strategies that sales teams can use to maximize their chances of success. According to research, customers often say ‘no’ four times before finally saying yes—so understanding and using the ‘Rule of Four’ is key for any sales professional who wants to boost their bottom line.

The Rule of Four states that when a customer is asked to make a purchase decision, they will typically say ‘no’ four times before finally accepting an offer. This means sales professionals need to have both persistence and patience when dealing with potential customers as it takes multiple attempts in order for them to feel comfortable moving forward with the exchange.

The first thing salespeople need to do is realize that rejection isn’t always a bad thing—as it’s essential for getting closer and closer towards closing the deal each time. Additionally, companies should make sure they’re tailoring their approach according to the customer so that each response speaks directly to their individual needs while also addressing any questions or concerns they may have along the way.

It’s also important for companies to provide educational content such as webinars or case studies during the negotiation process in order help customers gain confidence in their decision-making process. Additionally, having a good reward program in place or offering discounts can further incentivize customers while showing them what advantages await after making the purchase.

Finally, businesses should keep track of customer feedback throughout the entire process so that they can adjust their approach quickly if needed—as this will help ensure maximum returns from every potential sale. In conclusion, using The Rule of Four is an incredibly powerful tactic for closing more sales and increasing profits over time—but it’s important for businesses to understand why it works and use it correctly in order optimize results!

More 2022 Stats

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50% of buyers say working remotely has made buying easier.

B2B customers use 10 different channels during their decision-making process

32% of sales reps spend an hour or more on data entry every day

21% of sales professionals who sell remotely say emails are the most effective channel for remote selling

54% of sales leaders say proposals sent is one of the most important productivity metrics to track

The best time to make sales calls is within 1 hour of receiving their initial inquiry

8% of salespeople say that their sales teams generate high-quality leads

72 percent of business leaders said that sales tool integrations are essential to retaining business and beating the competition.

More Sales Trends Stats

A study by GetAccept revealed that sales reps experienced a 40% improvement in win rates when using online proposal software.

47% of Sales Professionals Don’t Cite Selling as Their Main Activity

77% of respondents said that their company provides at least a quarter of their leads

21% Higher Job Satisfaction for Salespeople Spending More Than 4 Hours a Day on Sales Activities

61% believe that salespeople are underappreciated

64% of sales professionals who cross-sell say email follow-up is the most effective cross-selling strategy.

71% of salespeople said they were conducting more than half their sales virtually.

66% of sales reps say they’re drowning in tools

44% of salespeople give up after one follow-up call.

83% of Sales Professionals Report Working on Weekends

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