While marketers in many countries are worried about a recession, there is also optimism regarding the business climate and marketing budgets.
Exploring the benefits of a customer relationship at its deepest level
By our News Team | 2022
It is extremely important for businesses and sales professionals to understand how customer relationships develop between people.
Ensuring long-term and productive customer relationships is important for the continuity of business. And customer relationships are always forged between people, even if it is in the context of doing business.
Especially in relationship selling, where the aim is to maintain productive and long-term customer relationships, it is extremely important for businesses and sales professionals to understand how customer relationships develop between people.
Photo by Olia Danilevich from Pexels
However, earlier academic studies have not been able to explain why, and by which mechanism, some customer relationships deepen, while others don’t.
Now a study conducted by the University of Eastern Finland and published in the peer-reviewed European Journal of Marketing explores long-term business-to-business (B2B) customer relationships, and how and to what end, such relationships are forged in B2B sales.
Applying the social penetration theory, the researchers were particularly interested in how self-disclosure, and weighing the benefits and disadvantages of the customer relationship, either deepened the relationship or didn’t. For the study, the researchers interviewed 47 professionals working in B2B sales.
Good customer relationships happen in three phases
The study showed that long-term and productive customer relationships develop in three phases: first, business partners became collaborative partners and, ultimately, collaborative and personal partners.
Sales professionals and customers disclosed things about their personal life and about their company. Both of these domains of self-disclosure deepened as the customer relationship deepened: the things disclosed initially were rather superficial, but became deeper as the relationship deepened and included topics such as divorce, bankruptcy, personal values and future business plans.
Some sales professionals, however, felt that they did not wish to share anything about their personal life with the customer. This could have been due to a lack of trust, a desire to maintain strict personal boundaries, or the fact that the customer did not come off as the type of person they’d want to socialise with outside work.
The benefits of a customer relationship in its deepest level were many compared to the initial phase. Trust grew deeper, communication became effortless, it was easier to decide and commit to common goals, as well as to manage conflicts. Sales professionals felt that they had gained benefits in the form of time savings, cost benefits, increased self-confidence, and more efficient work.
In simple terms, the research confirmed that the deepest customer relationships increased trust and commitment to common goals.
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