Chart: How Company Info Factors Into Buying CycleClick here to see larger, printable version of this chart
We could write pages of suggestions about this chart. But in keeping with the intent of Chart of the Week, weíll make one easy-to-digest point: Your ĎAbout Usí pages are more important than you think.
This chart tracks five of the different types of information that buyers seek over the course of the buying cycle -- from awareness through purchase. Company information starts out quite a bit lower in importance than the other material and still ranks lowest when all is said and done. But notice its significant rise in importance at the negotiation phase.
Itís at this point that prospective buyers start looking at your company as a whole after youíve made their short list. They move beyond features and functions of your products and services. They want to confirm that you will be the kind of stable partner with no danger of disappearing.
ĎAbout Usí pages also become much more important at the negotiation phase because of the company execs interested in it: the CIOs, CFOs, etc. Theyíre the execs who have the final say on significant purchases, and your company information can go a long way in easing their concerns about you as a potential partner. Remember, theyíve already received recommendations from the search team about your product. Now, they want to be convinced your organization is reliable.
Hereís what they look for:
1. Up-to-date material - Complete and current information, including recent press releases about your companyís successes.
2. Customers - Who else do you work with?
3. History - What are your companyís roots and its growth pattern?
4. Location(s) - Do you have an office nearby? For some companies, especially manufacturers, itís a real plus to have a physical location in the vicinity even in the Internet age.
5. Boards of directors/advisors - Who are they? Successful and prominent directors can validate a company, especially in its growth years.
6. Media coverage - High-profile articles or a mass of media coverage can put you on the map.
7. Blogs/thought leadership - Blogs offer a view of the thinking of a companyís executives.
Strong ĎAbout Usí sections probably wonít make the sale. But they can sink your chances if the information is meager, out of date or unimpressive.Useful links related to this articleNot a Subscriber to Sherpa's Chart of the Week? Click Here to Get a New Chart Delivered to Your Inbox Every Tuesday!
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