| When developing
marketing or business development systems, you must consider how to influence prospects
so they make decisions in your favour. In Influence: The Psychology of Persuasion (Cialdini) and
Yes (Goldstein, Martin and Cialdini), Robert Cialdini examines
how people are influenced. His research describes six universal
principles that act as the foundation for most successful influence
strategies:
- Reciprocation
- Commitment and Consistency
- Social Proof
- Liking
- Authority
- Scarcity
According to Cialdini, humans are “hard wired” to
be influenced by these sources.
Reciprocation
When someone provides us with something, anything at all, we feel an
obligation to return the favour. In other words, we are compelled to
provide to others the kinds of actions they have provided us.
In a marketing context, the need for your prospect to reciprocate
can be activated by offering items of perceived value: education,
offers of assistance, free trials, etc.
In so doing, without any strings attached, the
prospect will want to reply in kind.
Commitment and Consistency
People have a nearly obsessive desire to be consistent with what
they’ve already said or done. Once we’ve taken a stand, we feel
pressured from within to behave consistently with this stated
commitment - we don’t want to appear in conflict with an earlier
decision.
In order to execute a successful business development process, it’s
imperative to gain a prospect’s commitment during each “touch” or
interaction. The probability of making a sale is increased if we
have agreement every step along the way.
Once the prospect agrees, the need for commitment and consistency
make it difficult for a decision to be reversed. The prospect will
feel compelled to “make good” on their commitment.
Social Proof
This is a tool people use to short cut their decision making
process. We are more inclined to make a decision if we know that
others have made a similar decision. We have a tendency to assume an
action is more correct if others have already taken it.
A well designed business development process incorporates social
proof by including items such as case studies, anecdotes and
testimonials.
By providing evidence that people have made this decision in the
past, you can invoke this source of influence to make prospects
comfortable in drawing a similar conclusion.
Liking
We prefer to say “yes” to requests from people we know and like.
Prospects will base decisions not only on how well a product or
service meets their needs, but also on whether they like or respect
the people they’ve encountered through the process.
As a result, all points of prospect interaction must be considered
when building a business development process; receptionists,
customer service reps, sales people, etc. Measures must be taken to
ensure prospects take away a favourable impression from all these
interactions.
Authority
Information from an authority figure is a strong source of
influence. We are inclined to “follow an expert” when making
decisions.
In the course of your business development process, use every
conceivable opportunity to establish yourself or your organization
as an authority. Public speaking, being quoted in respected
publications, being on panels or publishing an e-book are examples
of how to demonstrate and reinforce your authority status.
Scarcity
Scarcity as a source of influence is based on the principle that
opportunities seem more valuable when their availability is limited.
The fear of loss is a key motivator in human decision making -
people are often more motivated by the thought of losing something
than by the potential to gain something of equal value.
We often see scarcity used in marketing efforts; seating is limited,
only the first 100 customers will receive the special offer, limited
time offer, etc.
Incorporating scarcity in your business development process may
compel prospects to accelerate their decision making - which in turn
leads to a shorter sales cycle and locking out the competition.
All of us are inherently aware of these sources of influences.
However, we must make a conscious effort to incorporate and
systemize them in our marketing and sales strategies. When designing
a business development process, consider how these principles of
influence can be used to positively impact your results.
When used ethically, with integrity and authenticity, these sources
of influence can steer a prospect your way – ultimately increasing
your chances of making the sale. |