Ray Collis

Just How Risky Is The Purchase? A Checklist

Decrease Font Size Increase Font Size Text Size Print This Page


Some buying decisions are more risky for the buyer than others and obviously that is of concern to the seller because risk can be a major banana-skin.


Under Reflectors

The perceived level of risk associated with the purchase decision is greatest where:

1 The buying decision is new (as opposed to for example a repeat purchase)
2 The buying decision has major consequences, is high profile, or big budget
3 The vendor is not well known, or another vendor owns the account
4 The product, process, or technology involved is new
5 The buying decision is politically sensitive, or the buying group is large

The implications for  both buyer and seller are clear – where one or more of the above are present proceed with extra care.

You must be logged in to post a comment Login

why-buy-smallad
The latest research on how buyers buy
Who makes the buying decision