From the buyer’s perspective, buying is a process as well. This is what makes selling complex solutions to customers time consuming.
The 5 phases of the buying process are:
- Phase 1: need recognition, problem awareness
- Phase 2: information search, issue RFI / RFO
- Phase 3: evaluation of alternatives; manage risks of purchase
- Phase 4: purchase, including negotiation and contracts, as well as receiving delivery of the solution
- Phase 5: post-purchase evaluation