In the fast-paced world of sales, we’ve all heard the same mantra repeated over and over: respond to leads immediately, get them throu
In the fast-paced world of sales, we’ve all heard the same mantra repeated over and over: respond to leads immediately, get them through the pipeline as quickly as possible, and close the deal before the quarter ends. Speed is king, right?
Well, here’s the shocking truth: that’s not always the case—especially in B2B sales. In fact, slowing things down could be the one strategy you’re missing to increase your close rates. Let’s dive into the data and see why.
If you’re in B2B sales with annual ticket sizes ranging from $30,000 to $120,000, this insight could change the way you approach your sales strategy. Across a year’s worth of data from one of our clients, we noticed a consistent trend:
And before you panic, let’s clarify: we’re not talking about lead response time here. That’s still crucial and should be as fast as possible (within minutes or hours, ideally). This is about the time from when the opportunity is created to when the deal closes.
So why does a slightly longer sales cycle lead to better results?
The reality is that deals that close lightning-fast often fall into two categories:
On the other hand, allowing your prospects time to absorb your value proposition leads to more informed decisions and stronger long-term relationships. When prospects take 7–30 days to evaluate your offering, they’re more likely to be a good fit and stay committed.
If you want to increase your close rates and improve customer retention, here are some practical steps you can take:
Another key insight: fast-closing deals often churn faster, too. By giving your prospects more time to evaluate their decision, you’re setting them (and your company) up for long-term success. This builds trust, improves retention, and reduces the risk of buyer’s remorse.
Remember, you can’t force people into a buying journey. You can guide them, set up guardrails, and provide all the necessary information—but ultimately, the decision-making process is theirs. And that’s okay.
If you’re in the B2B space with ticket sizes between $30K and $120K, this is your sweet spot. Encourage your prospects to spend 7–30 days in the sales cycle, absorbing information and making a thoughtful decision.
This strategy won’t just help you close more deals; it’ll also ensure your customers stick around for the long haul.
Bonus Tip: Don’t just take our word for it—look at your own data! Every business is unique, so analyze your win rates by sales cycle length and adjust accordingly.
The next time you’re tempted to push a deal through as quickly as possible, remember: slower sales cycles can lead to higher close rates, happier clients, and more sustainable revenue. Take a step back, guide your prospects thoughtfully, and watch your close rates climb.