Know + Like + Trust = Buy: The Power of Relationships in Sales
Henning Schwinum
Helping growth-minded Founders, Owners & CEOs to identify their ideal sales/revenue/growth leader for a fractional, interim, full-time, or consultation role, using our proprietary PerfectMatch? system.
Have you ever bought something despite disliking the salesperson? I have. If you did as well, you probably remember feelings of frustration, pressure, or regret. While the product itself might have been fine, the negative experience likely left a lasting impression.
On the other hand, when you make a purchase from someone you trust and genuinely like, the experience is not only smoother but often leads to long-term customer loyalty. I have never been back to the place of the negative experience I referred to above.
The idea that "people buy from people they like" is a long-held belief in sales, but does it hold true?
While personal rapport alone may not be enough to close a deal, there is significant evidence that trust and familiarity play a crucial role in purchasing decisions.
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The concept of Know + Like + Trust = Buy highlights three essential factors in the sales process:
Without these three elements, potential customers may hesitate or look elsewhere, regardless of how beneficial a product may seem.
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Why B2B Buyers May Not Solely Rely on Likeability
While likability is important, B2B purchasing decisions often involve additional layers of complexity. Some key reasons why personal rapport alone isn’t enough include:
However, even in data-driven decision-making, relationships still play a vital role. Products and services in competitive industries often have similar features and pricing, making it difficult to differentiate purely on tangible benefits. In these cases, trust and familiarity can tip the scale in favor of one provider over another.
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How Emotional and Rational Factors Influence Sales
Rational factors such as return on investment (ROI) and efficiency improvements are crucial in B2B sales. However, purchasing decisions are not always entirely logical. Studies in behavioral economics suggest that emotions, biases, and subconscious influences shape decision-making more than we might think.
Consider these scenarios:
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Applying Know + Like + Trust in Modern Sales
In today's digital world, the principles of Know + Like + Trust extend beyond face-to-face interactions. Online engagement, content marketing, and social proof help businesses establish trust remotely. Websites, testimonials, case studies, and responsive customer service all contribute to building familiarity and credibility.
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For companies considering a Fractional Sales Leader, these principles become even more crucial. When outsourcing a key sales function, trust in the leader’s ability to deliver results is paramount. Ensuring a seamless fit between the sales leader and company culture, goals, and strategy fosters confidence and long-term success.
CPA | Accountant | Small Business Accounting | Bookkeeping | Tax Services | Planning Advisory Services | Experienced CFO
1 天前Henning, all seems intuitive, but I suspect really understanding the interplay among the three (know, like, trust) is developed over a long time. Great article!
Area Sales Manager bei SSF | Lyckeby Germany | Lebensmitteltechniker
1 周A great article with interesting content. A lot of it seems familiar to me from my daily work. The buyer looks at the price. But the service provided by the supplier is becoming increasingly important. The customer also appreciates it when deliveries are straightforward or when additional volumes are possible. Long-term business relationships are based on good service and trust. This also makes it easier to compensate for price fluctuations.