Your biggest competitor

According to an article in Harvard Business Review, approximately half of all B2B deals result in the buyer doing nothing.

What does that mean? When you are at a party, and someone asks who your biggest competitor is, it is not a company. Your biggest competitor, by far, is “doing nothing.”

Most of your sales are not lost because of price, or because you haven’t found PMF (product-market fit), or because your company cultures don’t match.

They are lost simply because the buyer decided to do nothing.

Related Posts

Measuring the Mona Lisa

I've been writing lately about measurement, and that we should think of measurement as the reduction of uncertainty, not as the application of precision. One of the main pushbacks that I get on measurement of either type is that measurement somehow steals the magic...

Measurement v2

The other day, I gave toilet bolts as an example of how measurement is not the application of precision, it is the reduction of uncertainty. Today I give an example from the world of language skills listed on job descriptions… Keep in mind that the general trend is,...

Better than what we had before

There's a book I love, "How To Measure Anything" (I've mentioned it here in the newsletter before, come to think of it). It's about how we think of measurement as the application of precision, rather than the reduction of uncertainty, and thus push many things out of...