A sales process framework to regain B2B customers
Abstract
Purpose
The purpose of this study is to develop a sales process framework to facilitate business-to-business (B2B) customer reacquisition. A comprehensive CRM process needs to include reacquisition strategies. Yet, very few firms have formal procedures to guide reacquisition efforts. This gap in the sales process reflects the relatively sparse literature on B2B customer reacquisition models. The present research intends to fill this gap and creates a sales process model to guide salespeople to regain B2B lost customers.
Design/methodology/approach
Using critical incident technique (CIT), this study conducted in-depth interviews with 54 B2B salespeople. Each salesperson reported one successful and one unsuccessful reacquisition incidents. A total of 108 critical incidents were collected for analysis.
Findings
A four-step sales process model to regain B2B customers was developed and empirically supported, including: Segment lost customers; Assess reasons for loss; Develop reacquisition activities; and Implement reacquisition strategies.
Research limitations/implications
This study is qualitative and exploratory in nature; future research should develop dyadic surveys to validate the results.
Practical implications
This four-step reacquisition process allows sales firms to identify essential elements and establish protocols/policies to train and motivate salespeople. The framework can facilitate salespeople develop problem-focused solutions to correctly diagnose the situation and effectively re-negotiate with defected customers. Thus, this process may help reduce inefficiency in the reacquisition process and increase reacquisition ratios.
Social implications
By considering justice/fairness from customer’s perspective, sales firm may properly recover lost business relationship, and do so in ways that are considered both just and ethical.
Originality/value
This is one of the first studies to examine the reacquisition of lost B2B customers. It expands on the traditional sales process to include four steps that enable a sales reacquisition process.
Keywords
Acknowledgements
The authors gratefully acknowledge funding support from the Sales Education Foundation and the Neil Rackham Research Award. Funding support did not include any role in the paper.
Citation
Liu, A., Leach, M. and Chugh, R. (2015), "A sales process framework to regain B2B customers", Journal of Business & Industrial Marketing, Vol. 30 No. 8, pp. 906-914. https://doi.org/10.1108/JBIM-02-2014-0026
Publisher
:Emerald Group Publishing Limited
Copyright © 2015, Emerald Group Publishing Limited