So, if you can handle the truth, here is the truth: selling has changed…but salespeople have not.
There are two significant changes that have swept over the sales landscape:
- The buyer is initiating the sales process…what HubSpot refers to as the buyer’s journey.
- The buyer is further along in their thinking than ever before.
The first change brings to mind the 2011 Google eBook titled “ZMOT”. ZMOT is an acronym standing for the Zero Moment of Truth and is defined as the exact moment in the sales cycle that is between the stimulus (how the prospect became aware of a product) and the first moment of truth (a P&G term referring to the decision to make a purchase). In short, ZMOT refers to the point in time where the buyer is researching a product or service offering and the seller is completely unaware of the buyer’s actions.
Here is a quote from the Google book:
“If you’re available at the Zero Moment of Truth, your customers will find you at the very moment they’re thinking about buying, and also when they’re thinking about thinking about buying.” (ZMOT, 2011)
So, it all comes down to three simple questions:
- Is your company winning or losing at the Zero Moment of Truth?
- How do you know that?
- What are you going to do about it?
It is inarguable that more and more buyers are finding and researching options online before they ever talk to a salesperson. Some estimates have YouTube doing 3,000,000,000 searches each month and uploading 100 hours of video every 60 seconds. And if they can’t find you…when they are looking for you…even if you don’t know they are looking are for you…. you are losing the Zero Moment of Truth.
As Colonel Jessup would ask “We live in a world full of prospects…who’s going to call them? You? They may have already passed their Zero Moment of Truth."