The Customer Who Is Always Almost Ready

The Customer Who Is Always Almost Ready

New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 441 votes

Every business that sells something has them. The customer who is almost ready.

He isn't saying no. That would actually be easier. He's interested. He likes what you're offering. He asks good questions. You've spoken three times.

He's going to send the documents tonight. “We're almost there.” Tuesday comes. Nothing. You call Thursday. “Sorry, crazy week. I'll definitely send everything tonight.” Nothing. Then next Tuesday he calls you. “Okay, now we're ready.” Great. Except now something else is missing. And this can go on for weeks.

I've been doing business long enough to know that some of these people eventually become excellent customers. That's what makes the problem difficult. Maybe he really is busy. Maybe his accountant is slow. Maybe his wife isn't convinced yet. Maybe there's something about the transaction he doesn't understand and he's embarrassed to admit it. Maybe he's waiting for money to arrive. Sometimes one more phone call really does close the deal. But sometimes he is never going to buy anything.

Every business has tire kickers hanging around. Some are comparing alternatives. Some are thinking about buying six months from now. Some enjoy window shopping. And some, frankly, are just bored. They'll ask questions for an hour. They'll compare products. They'll ask what I would do in their situation. They'll come back next week and ask more questions. Given enough time, they'll become experts in my product without ever becoming customers.

Anyone who's sold anything knows how irritating that can become. I've actually seen people practically thrown out of business premises, pretty violently, because the owner finally decided they'd been window-shopping and wasting his time for too long.

I understand the frustration. But I don't think that's the answer. An outright “no” doesn't bother me much. Fine. Next. It's the almost-deal that gets under my skin. “I'll send everything tonight.” “We're definitely moving forward.” “Just waiting for one thing.” “Call me Monday.”

The problem is that I start mentally counting a deal that doesn't exist. Then Monday becomes Wednesday. Wednesday becomes next week. The customer resurfaces, my expectations go back up, and the whole thing starts again. And meanwhile I'm working. Calls. Emails. Looking at documents. Recalculating something. Answering the same question in a different way. Calling somebody else on his behalf.

Twenty minutes here. Fifteen minutes there. No single interaction seems expensive. Three months later I've spent six hours on somebody who's still “almost ready.” And then another trap appears. I've already spent six hours on this guy. I can't give up now.

Of course I can. That's six hours of sunk cost talking. If I'm not careful, the four hours I've already wasted become the reason I waste another four.

Sales advice tells us that the fortune is in the follow-up, and there's a lot of truth in that. Plenty of deals happen on the fifth, tenth or twentieth contact. But taken literally, that means nobody ever leaves my pipeline.

So I've started thinking that maybe I shouldn't measure interest. I should measure movement. A tire kicker can sound incredibly interested. A real customer may not sound excited at all. But something happens. The document arrives. The application gets completed. The deposit gets paid. The appraisal gets scheduled. The credit issue gets addressed. He does the thing he said he would do.

If we have three conversations and nothing has changed between them, maybe I'm not following up on a deal anymore. I'm maintaining a relationship with a possibility. And possibilities can occupy an astonishing amount of the working day.

The other thing I've had to learn is not to become disappointed with people because they don't buy from me. They don't owe me a deal because I spent time with them. Even if they wasted some of that time. My job is to decide how much more of it I'm willing to give them.

So maybe the trick with the customer who's always almost ready isn't to finally get angry and slam the door. Keep the door open. Just don't stand in the doorway waiting.

(How do you distinguish the customer who needs one more push from the customer who's going to be “almost ready” forever?)

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Attorney · 10451 Mill Run Cir #755 Owings Mills, MD 21117 · Member since 2024 · 302 posts · 113 votes
1w
Quote from @Drago Stanimirovic:

Every business that sells something has them. The customer who is almost ready.

He isn't saying no. That would actually be easier. He's interested. He likes what you're offering. He asks good questions. You've spoken three times.

He's going to send the documents tonight. “We're almost there.” Tuesday comes. Nothing. You call Thursday. “Sorry, crazy week. I'll definitely send everything tonight.” Nothing. Then next Tuesday he calls you. “Okay, now we're ready.” Great. Except now something else is missing. And this can go on for weeks.

I've been doing business long enough to know that some of these people eventually become excellent customers. That's what makes the problem difficult. Maybe he really is busy. Maybe his accountant is slow. Maybe his wife isn't convinced yet. Maybe there's something about the transaction he doesn't understand and he's embarrassed to admit it. Maybe he's waiting for money to arrive. Sometimes one more phone call really does close the deal. But sometimes he is never going to buy anything.

Every business has tire kickers hanging around. Some are comparing alternatives. Some are thinking about buying six months from now. Some enjoy window shopping. And some, frankly, are just bored. They'll ask questions for an hour. They'll compare products. They'll ask what I would do in their situation. They'll come back next week and ask more questions. Given enough time, they'll become experts in my product without ever becoming customers.

Anyone who's sold anything knows how irritating that can become. I've actually seen people practically thrown out of business premises, pretty violently, because the owner finally decided they'd been window-shopping and wasting his time for too long.

I understand the frustration. But I don't think that's the answer. An outright “no” doesn't bother me much. Fine. Next. It's the almost-deal that gets under my skin. “I'll send everything tonight.” “We're definitely moving forward.” “Just waiting for one thing.” “Call me Monday.”

The problem is that I start mentally counting a deal that doesn't exist. Then Monday becomes Wednesday. Wednesday becomes next week. The customer resurfaces, my expectations go back up, and the whole thing starts again. And meanwhile I'm working. Calls. Emails. Looking at documents. Recalculating something. Answering the same question in a different way. Calling somebody else on his behalf.

Twenty minutes here. Fifteen minutes there. No single interaction seems expensive. Three months later I've spent six hours on somebody who's still “almost ready.” And then another trap appears. I've already spent six hours on this guy. I can't give up now.

Of course I can. That's six hours of sunk cost talking. If I'm not careful, the four hours I've already wasted become the reason I waste another four.

Sales advice tells us that the fortune is in the follow-up, and there's a lot of truth in that. Plenty of deals happen on the fifth, tenth or twentieth contact. But taken literally, that means nobody ever leaves my pipeline.

So I've started thinking that maybe I shouldn't measure interest. I should measure movement. A tire kicker can sound incredibly interested. A real customer may not sound excited at all. But something happens. The document arrives. The application gets completed. The deposit gets paid. The appraisal gets scheduled. The credit issue gets addressed. He does the thing he said he would do.

If we have three conversations and nothing has changed between them, maybe I'm not following up on a deal anymore. I'm maintaining a relationship with a possibility. And possibilities can occupy an astonishing amount of the working day.

The other thing I've had to learn is not to become disappointed with people because they don't buy from me. They don't owe me a deal because I spent time with them. Even if they wasted some of that time. My job is to decide how much more of it I'm willing to give them.

So maybe the trick with the customer who's always almost ready isn't to finally get angry and slam the door. Keep the door open. Just don't stand in the doorway waiting.

(How do you distinguish the customer who needs one more push from the customer who's going to be “almost ready” forever?)

@Drago Stanimirovic, I’ve learned that I need a clear next step from the other person before I keep giving a deal the same amount of attention. If someone says they are ready, I usually look for something simple that shows it, like sending the document, making the payment, scheduling the next step, or giving me a real date they can commit to.

If that keeps getting pushed back, I don’t necessarily close the door. I just stop treating it like an active deal. I’ll leave the relationship warm, but I won’t keep spending the same time on it until they move something forward. That has helped me protect my time without writing people off too early.

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  • Investor · Chattanooga, TN · Member since 2023 · 174 posts · 104 votes
    1w

    Yeah yeah.. Call me next week and I'll have the funds then.

    "When can I follow up with you?"

    "Uhhhh.. Next Tuesday?"

    "If I follow up with you then, do you think you'll be ready?"

    "Uhhh.. Oh yeah, for sure. I just have to ask my wife?"

    • New to Real Estate · Miami, FL · Member since 2024 · 1k+ posts · 441 votes
      1w

      And “I just have to ask my wife” is one of those sentences that can mean anything from “we’ll decide tonight” to “my wife has no idea I’m even considering this.”

  • Attorney · 10451 Mill Run Cir #755 Owings Mills, MD 21117 · Member since 2024 · 302 posts · 113 votes
    1w
    Quote from @Drago Stanimirovic:

    Every business that sells something has them. The customer who is almost ready.

    He isn't saying no. That would actually be easier. He's interested. He likes what you're offering. He asks good questions. You've spoken three times.

    He's going to send the documents tonight. “We're almost there.” Tuesday comes. Nothing. You call Thursday. “Sorry, crazy week. I'll definitely send everything tonight.” Nothing. Then next Tuesday he calls you. “Okay, now we're ready.” Great. Except now something else is missing. And this can go on for weeks.

    I've been doing business long enough to know that some of these people eventually become excellent customers. That's what makes the problem difficult. Maybe he really is busy. Maybe his accountant is slow. Maybe his wife isn't convinced yet. Maybe there's something about the transaction he doesn't understand and he's embarrassed to admit it. Maybe he's waiting for money to arrive. Sometimes one more phone call really does close the deal. But sometimes he is never going to buy anything.

    Every business has tire kickers hanging around. Some are comparing alternatives. Some are thinking about buying six months from now. Some enjoy window shopping. And some, frankly, are just bored. They'll ask questions for an hour. They'll compare products. They'll ask what I would do in their situation. They'll come back next week and ask more questions. Given enough time, they'll become experts in my product without ever becoming customers.

    Anyone who's sold anything knows how irritating that can become. I've actually seen people practically thrown out of business premises, pretty violently, because the owner finally decided they'd been window-shopping and wasting his time for too long.

    I understand the frustration. But I don't think that's the answer. An outright “no” doesn't bother me much. Fine. Next. It's the almost-deal that gets under my skin. “I'll send everything tonight.” “We're definitely moving forward.” “Just waiting for one thing.” “Call me Monday.”

    The problem is that I start mentally counting a deal that doesn't exist. Then Monday becomes Wednesday. Wednesday becomes next week. The customer resurfaces, my expectations go back up, and the whole thing starts again. And meanwhile I'm working. Calls. Emails. Looking at documents. Recalculating something. Answering the same question in a different way. Calling somebody else on his behalf.

    Twenty minutes here. Fifteen minutes there. No single interaction seems expensive. Three months later I've spent six hours on somebody who's still “almost ready.” And then another trap appears. I've already spent six hours on this guy. I can't give up now.

    Of course I can. That's six hours of sunk cost talking. If I'm not careful, the four hours I've already wasted become the reason I waste another four.

    Sales advice tells us that the fortune is in the follow-up, and there's a lot of truth in that. Plenty of deals happen on the fifth, tenth or twentieth contact. But taken literally, that means nobody ever leaves my pipeline.

    So I've started thinking that maybe I shouldn't measure interest. I should measure movement. A tire kicker can sound incredibly interested. A real customer may not sound excited at all. But something happens. The document arrives. The application gets completed. The deposit gets paid. The appraisal gets scheduled. The credit issue gets addressed. He does the thing he said he would do.

    If we have three conversations and nothing has changed between them, maybe I'm not following up on a deal anymore. I'm maintaining a relationship with a possibility. And possibilities can occupy an astonishing amount of the working day.

    The other thing I've had to learn is not to become disappointed with people because they don't buy from me. They don't owe me a deal because I spent time with them. Even if they wasted some of that time. My job is to decide how much more of it I'm willing to give them.

    So maybe the trick with the customer who's always almost ready isn't to finally get angry and slam the door. Keep the door open. Just don't stand in the doorway waiting.

    (How do you distinguish the customer who needs one more push from the customer who's going to be “almost ready” forever?)

    @Drago Stanimirovic, I’ve learned that I need a clear next step from the other person before I keep giving a deal the same amount of attention. If someone says they are ready, I usually look for something simple that shows it, like sending the document, making the payment, scheduling the next step, or giving me a real date they can commit to.

    If that keeps getting pushed back, I don’t necessarily close the door. I just stop treating it like an active deal. I’ll leave the relationship warm, but I won’t keep spending the same time on it until they move something forward. That has helped me protect my time without writing people off too early.

  • Honolulu, HI · Member since 2008 · 3k+ posts · 2k+ votes
    1w

    The answer really depends on what segment of REI you are discussing. If you are trying to convince someone to sell you a property, that is one scenario. If you are trying to sell a dog of a property, that is another. Dealing with prospective tenants is an entirely different situation. Booking short term rentals is even different still. The tolerance level is widely varied.

    For rental applicants, we establish deadlines. Short deadlines. Follow through or we will move on to the next person. We state on/with the application what the time requirements are from submission through keys being handed over. No exceptions. Inevitably, if the stars align and you end up renting to the "slow yes" applicant, they end up as a PITA for the duration anyway! There are always more good prospects than bad, take steps to attract the best.

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