A Study from Hinge
Marketing
All other things being equal, what do you think
Architecture, Engineering, and Construction buyers consider the deciding factor in purchasing decisions?
What is that crucial quality that tips the scales?
If you said “experience” or “customer service,”
you’re not alone among AEC providers. But you’re also wrong.
My company, Hinge, recently conducted research on exactly this question and uncovered some
surprising discrepancies between what sellers thought tipped the scales and
what really contributes to AEC buying
behavior. By examining AEC sellers alongside the buyers they serve, the study
was able to isolate two very different views on the same story – including
points where the perspectives aligned, and points where they dramatically
diverged.
What sellers don’t
see
Take customer service. It’s obviously important, but
will it give you a leg up in the final selection? According to Hinge’s study, 38% of sellers called customer service the deciding factor – the most common
answer among AEC sellers. But only 4%
of their buyers agreed!
What about a firm’s experience? 33% of sellers believe it is the most important deciding factor,
making it the second most-common answer from AEC providers. This time, 10% of buyers concurred.
If you have a strength like rock-solid customer
service, that’s great. But it has to be something that your clients and
prospects value in order for the quality to be a meaningful in closing new
business. If a prospect doesn’t value the quality in question, then it isn’t a
strength that will help your firm grow.
Now, we know AEC buyers want good customer service.
We know experience matters. So what’s going on here? What do buyers truly value, and what pushes
an AEC firm over the top?
What really drives
the choice
At Hinge, we learned that sellers tend to focus on
factors that buyers come to value over time, qualities that are easier to claim than demonstrate. You can tell a
buyer that your customer service is second to none, but everyone says that. So
how do you make an impression on prospects?
The answer is reputation. In fact, 32% of buyers
cite “a good reputation” as the deciding factor in a purchase – far and away
the most common answer among buyers. Yet only 11% of sellers thought reputation
was a winning factor for choosing a firm.
Put yourself in the buyer’s shoes. If you’ve got a
problem and you need someone to solve it, you want someone you’ve heard great
things about from people you trust. Your problem-solver might have a reputation
for solving your particular problem or for fantastic customer service; in any
case, it’s their reputation that
lends them credibility. Weighed against a stranger who claims that they’re
great to work with and can solve your problems, you’re probably going to go
with the well-recommended option every time.
Of course, this has huge implications for the way
that vendors communicate with buyers. The challenge for AEC sellers isn’t to
somehow persuade prospects that their customer service is stellar, or that
they’re the most experienced firm on the block. Instead, AEC services have to
build up a reputation for their best qualities – and particularly for solving
the problems they solve best.
What’s more, the firms who understand how to
leverage their reputations will have a massive leg up over the competition.
About the Author:
Sylvia
Montgomery is a Senior Partner at Hinge, a marketing and
branding firm that focuses on professional services. Sylvia is also a co-author of Online Marketing for Professional Services. She can be reached at smontgomery@hingemarketing.com or 703-391-8870.
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