Happy Tuesday everyone!
Back when I started off my sales career I was Johnny on the spot. You could call me any day, any night, Christmas Eve or whenever worked for you. If you wanted me at your house tomorrow, I’d be there at 8am…. just in case you needed anything. And guess what….. nobody bought from me.
You see in the world of sales, there's a common belief that a salesperson who is always available might not be the best choice. Conversely, a salesperson who is busy, who seems to be in demand, is often perceived as more valuable. This perception of scarcity—when something is less accessible or harder to obtain—often drives consumer behavior in surprising ways. In this weeks edition, we’ll delve into why customers are drawn to busy salespeople, the psychology of perceived scarcity, and how you can leverage this concept to enhance your sales approach.
The Psychology of Scarcity
Scarcity is a fundamental principle in economics and psychology that suggests people assign more value to things that are less available. When something is scarce, it naturally becomes more desirable. This concept is not just limited to products but also extends to people, particularly salespeople. If a salesperson is busy and in high demand, it sends a signal to potential customers that they are dealing with someone who is highly sought after, which in turn suggests they must be good at what they do.
In his seminal work, Influence: The Psychology of Persuasion, Dr. Robert Cialdini highlights scarcity as one of the six key principles of influence. According to Cialdini, scarcity works because it triggers a fear of missing out (FOMO). When customers believe that something or someone is scarce, they feel a sense of urgency to act quickly, fearing they might lose the opportunity to engage with that person or product.
This psychological principle is at play every day in the world of sales. When customers perceive a salesperson as busy, they are more likely to believe that this person is in demand because they deliver results. After all, if other customers are lining up to work with this salesperson, there must be something special about them, right?
The Busy Salesperson Effect
The concept of the busy salesperson is rooted in the idea that people want what others want. When customers see that a salesperson is occupied with multiple clients, it creates a sense of competition. They want to be part of the exclusive group that gets to work with this in-demand individual. This effect is similar to the way people flock to popular restaurants or buy products with limited availability—they equate popularity and scarcity with quality.
Busy salespeople also convey a sense of expertise. If you're constantly booked and juggling multiple clients, it suggests that you are skilled at what you do and that your time is valuable. Customers naturally gravitate towards individuals who they perceive as experts, and one of the quickest ways to signal expertise is to be busy.
Moreover, a busy salesperson is often seen as someone who doesn’t need to chase after customers. This lack of desperation is attractive because it flips the traditional sales dynamic. Instead of the salesperson pursuing the customer, the customer feels compelled to pursue the salesperson. This role reversal can be a powerful tool in creating a sense of urgency and importance around the sales process.
DON’T BE THIS GUY!
Leveraging Perceived Scarcity in Sales
Understanding the psychology behind perceived scarcity and the busy salesperson effect can help you refine your sales strategy. Here are some actionable ways to leverage these concepts:
Manage Your Availability: One of the simplest ways to create perceived scarcity is to manage your availability. Instead of being available at the drop of a hat, schedule your meetings and consultations in a way that suggests your time is in high demand. This doesn’t mean you should be inaccessible, but rather that you should project the image of someone whose time is valuable and who is busy with other clients. “I’m busy in the morning meeting with a client of mine, but I can squeeze you in at 3pm if that works for you”
Highlight Your Success: Use testimonials, case studies, and customer success stories to demonstrate that you are in demand. When potential customers see that you’ve successfully helped others, it reinforces the idea that your time and expertise are valuable. Sharing stories about how you’ve helped clients achieve their goals can make other customers eager to work with you.
Create Limited-Time Offers: Incorporate scarcity into your sales process by offering limited-time promotions or deals. These offers can create a sense of urgency and compel customers to act quickly. For instance, you could offer a discount or bonus for customers who sign up within a certain timeframe. This tactic leverages the fear of missing out and can be particularly effective when combined with the perception that your time is limited.
Build a Reputation for Excellence: Focus on building a reputation as an expert in your field. This involves continuously improving your skills, staying updated on industry trends, and delivering exceptional results for your clients. As your reputation grows, so will the perception that you are in demand, which will naturally lead to a busier schedule and greater perceived value.
Use Social Proof: Social proof is a powerful tool in reinforcing the idea of scarcity. When potential customers see that others are clamoring to work with you, they’re more likely to want to do the same. This can be achieved through customer reviews, testimonials, and even displaying a client waitlist. If people see that you’re fully booked for weeks in advance, they’ll perceive you as someone worth waiting for.
Avoid Overcommitting: While it’s important to appear busy, it’s equally important not to overcommit. Overextending yourself can lead to burnout and a drop in the quality of service you provide. It’s essential to strike a balance where you are busy enough to create a sense of scarcity but still able to deliver top-notch service to every client.
The Role of Perception in Sales
Perception plays a critical role in sales. How customers perceive you can be just as important as the actual quality of the service or product you provide. In fact, perception often shapes reality. If customers perceive you as a busy, in-demand expert, they are more likely to believe that you can deliver exceptional results.
However, it’s important to remember that perception should be grounded in reality. If you project an image of being busy and in demand, you need to ensure that you can live up to that expectation. Overpromising and underdelivering can quickly erode trust and damage your reputation.