Why Warm Leads Go Cold & How to Reconnect

Posted on October 3rd, 2024 to Uncategorized

In B2B sales, few things are more frustrating than when warm leads go cold.  

The sales conversations seemed to go well, but now the deal is up in the air, and you’re left wondering what went wrong.

Did the call not go as well as you thought? 

Do your buyers not see the value in your work or, worse, you?

If you’ve had these thoughts, it’s important to remember that your work as a passionate subject-matter expert can feel deeply personal, making the sting of perceived rejection feel personal, too. 

But from years of experience with clients who have had leads go cold, I’ve learned that it rarely has anything to do with you. 

Navigating through cold spells comes down to getting more clarity and insight into what your buyer is thinking.

While there’s no magic sentence to include in a follow-up email guaranteed to wake the prospect up and make them sign on the dotted line, you can make some strategic moves to anticipate roadblocks and reinvigorate your deal.

In this post, we’ll tackle some of the most common reasons why warm leads go cold, including the key drivers of indecision. 

You’ll also learn how to get more clarity before you even send off your proposal, supporting your buyer to feel safe and confident to follow through. 

Prefer to watch? Hit play below for a recent Sales Roundtable segment where I cover the causes of warm leads going cold and how to re-engage!

Sales consultant Allison Davis tackles reasons why warm leads go cold, including the key drivers of indecision and how to re-engage them.

The Real Reasons Warm Leads Go Cold

There could be many reasons why your buyer isn’t returning your calls or emails. In this section, I’ll share some insight on the most common explanations that may be stalling your deal.

Fear of Making a Mistake

As I mentioned, buyer indecision doesn’t stem from a lack of interest in you. Instead, it often occurs when a prospect sees the potential value of your offering but feels paralyzed by the fear of making the wrong choice.

This fear of failure can lead to hesitation, second-guessing, or even complete disengagement from the sales process.

Here’s where a little empathy can make a significant difference. Understanding the fear of suggesting a failed idea can help you relate to your buyer’s situation.

Subject-matter experts who work with clients in large companies and corporations must understand that their buyers face tremendous pressure from within their organizations. 

They’re not just thinking about whether your solution fits—they’re worried about the impact of a poor decision on their budget, results, team and even their career.

In their book, The Jolt Effect, McKenna and Dixon argue that your biggest challenge in selling B2B services isn’t the competition or even the status quo — it’s buyer indecision due to fear of failing.

Understanding this distinction is crucial.

Let’s look at other factors that may be at play. 

Decision Fatigue

In large organizations, buyers often deal with multiple layers of decision-makers, reviews, and approvals. This can lead to a phenomenon known as ‘decision fatigue’, where the sheer number of choices and steps involved can overwhelm the buyer, causing them to delay or avoid making a decision. 

As your proposal goes up through the ranks, your buyer may become overwhelmed by the sheer number of hoops they must jump through, convincing internal stakeholders along the way.

You can anticipate their need for a roadmap by including one in your proposals – more on that here.

Misalignment with Leadership or Budget

While your Champion might be all-in on you and your proposal, they may have run into a wall with others on the leadership team. They very well may have passed it along and got a hard “No” or were met with the news that priorities (and budget) have shifted.

Recognizing the potential impact of these factors allows you, as a seller, to approach the conversation with greater empathy and a sharper strategy.

In the following sections, you’ll learn how to uncover these tensions, heed them off before they become an issue and work collaboratively with your buyer to keep the deal moving forward.

How to Build Buyer Confidence

Now that you understand that buyer indecision is one of the main reasons why warm leads go cold, how can you counteract this hesitation? 

The answer lies in making buyers feel confident, supported, and safe throughout the decision-making process.

And in order to make your buyer feel safe, you have to do the following before even drafting and submitting your proposal.

Understand the Landscape Pre-Proposal

No one wants to play Monday Morning Quarterback and wish they had done things differently during the sales process. 

So, before submitting a proposal, gather as much information as possible about the process. 

Colleen Stanley, a thought leader in the sales space, writes about emotional intelligence in sales. 

In this post she argues, “The best way to handle objections is to bring them up. Every salesperson knows the objections he or she is going to hear from a prospect. So why wait for your prospect to bring up the objection? Bring up the objection and put yourself in the offensive position, not defensive position.”

In other words, waiting to hear about hidden tensions after your proposal is rejected doesn’t help you at all.

Instead, ask these questions upfront:

  • What might get in the way of you getting the support you need? 
  • Does your leadership team see the problem the same way you do? 
  • Is there anything we haven’t covered that would help you feel more confident in making a decision?
  • Is there anyone you need to convince in order to get this pushed through?

These open-ended questions encourage buyers to express their doubts in a conversation and allow you to address them head-on before they become deal-breaking obstacles.

Follow-Up Meaningfully

Building rapport is crucial to working collaboratively with your Champion or buyer to get the deal to the finish line. 

So when following up with a cold lead, don’t just say, “Hey, checking in on the proposal.” 

Instead, acknowledge the human side. Ask how things are going, reference the challenges they mentioned, and offer your support. Make a point to show them you’re a thoughtful, strategic partner, not just a vendor.

Here’s a sample script you can borrow:

Hi [insert name],

I hope you enjoyed the last throes of summer. How have the first days of school been for the kids?

I really enjoyed our initial conversations around [insert topic]. I heard you say that you’re [insert challenges the client is having] and that [specific type of support] is the type of support you need so that you can [insert the results they will gain].

We haven’t been able to get that off the ground, and I wonder if it’s worth a conversation about what’s getting in your way?

I know navigating [insert hurdles to getting support] isn’t easy, and I’d be happy to support you through it. Would you like to schedule a chat for 30 minutes later this week?

The email follows this format:

  • Start with a human touch and reflect what you heard during your sales conversation (pain points, challenges)
  • Here’s what I heard you say is important to you (empathy)
  • Here’s the type of support we discussed so you can … (solutions, results they’re looking for)

One of my Sales Roundtable attendees used this script recently, and it worked for him. He heard back from a buyer who had to pause due to surgery and another who signed the contract and paid within 24 hours. 

He now follows up with cold leads every Friday, asking thoughtful questions, which is helping him understand what his clients need to move forward.

You’ve Done It All. Now What?

If you’ve diligently followed all of the above, and your warm lead is still not replying, it’s likely they weren’t qualified in the first place. 

In my experience, buyers who disappear don’t have the budget, authority, need, or timeliness to move forward.

Or, they’re just dealing with life and business overwhelm.

I’ve seen many deals come back weeks later with the client saying, “We’re ready to go.” It happens a lot, but the waiting and lack of transparency is enough to drive you crazy!

If you never hear back, move on confidently, knowing it wasn’t the right fit.

Final Thoughts: Turning Cold Leads Warm

If you can relate to this post, know this: it happens to the best of us.

The good news is that now you have a better idea of what your buyer may be thinking or navigating on their end.

To summarize, buyer indecision due to fear of making mistakes is the most common reason warm leads go cold, but other factors may be at play.

By asking strategic questions up front and listening for both spoken and unspoken tensions and hesitations before submitting your proposal, you’ll be better positioned to guide the sales process and reconnect if your buyer goes MIA.

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