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Fail fast, sell well: The contingent impact of failing fast on salesperson performance

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Abstract Sales is a profession that faces an inordinate amount of failure. When salespeople fail and face rejection from customers, the consequences are widespread and lasting. Perhaps, rather than aiming… Click to show full abstract

Abstract Sales is a profession that faces an inordinate amount of failure. When salespeople fail and face rejection from customers, the consequences are widespread and lasting. Perhaps, rather than aiming to prevent inevitable failures, salespeople should instead anticipate and control the timing of when failure occurs in the sales cycle. Across three progressive studies, this research explicates the phenomenon of failing fast within a business-to-business sales context. The authors theoretically conceptualize and operationalize a failing fast process model: prospect intent collection, prospect intent interpretation, and salesperson failing fast. The authors then study the focal relationship between salesperson failing fast and sales performance, contingent on individual-level, organizational-level, and environmental-level moderators. While the direct effect is non-significant, the finding is novel in that it shows that certain forms of failure may not actually be a detriment to performance. The moderator analysis sheds further light on this relationship, revealing a mixture of accentuating and attenuating effects. This research collectively brings greater nuance to the study of sales failure and enables future scholars to understand the consequences, and even potential benefits, of failing early in the sales process.

Keywords: fast sell; performance; failure; failing fast; salesperson; fail fast

Journal Title: Industrial Marketing Management
Year Published: 2019

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