September 19, 2024

Why Are B2B Sales Cycles Getting Longer? 5 Proven Strategies to Close More Deals

If it feels like your leads are dragging their feet, you’re not imagining things. Buyers are digging deeper, asking more questions, and involving more people in the decision process. This might sound frustrating, but if you know why this is happening—and how to navigate it—you can turn a long sales cycle into a competitive advantage.


Why Are B2B Sales Cycles Taking So Long?

1. Bigger Buying Committees Mean Slower Decisions

The days of marketing to one key individual are over, decisions aren’t made by one or two people anymore. Research by Gartner reveals the average buying committee now involves 6 to 10 decision-makers, all with independently gathered information, preferences, and pain points. This means more meetings, more evaluations, and longer waits for consensus.

You’re no longer selling to one person, but to a committee, and each person needs to feel confident in the decision. This means more meetings, more presentations, and longer approval processes.

2. Buyers Are Doing More Homework

Your potential buyers are not just comparing your solution to one or two others. They’re comparing multiple vendors, gathering data, and making sure they fully understand the ROI before making a decision. Today, an estimated 90% of the B2B buyer journey is complete before a buyer reaches out to a salesperson.

This “self-serve” research behavior means buyers are comparing multiple vendors simultaneously, making it harder to stand out and accelerate the decision-making process. With more vendors in the mix, it’s no wonder deals are taking longer to close.

3. Economic Uncertainty Leads to Hesitation

It’s no secret that businesses are being more cautious with their budgets. Risk aversion is at an all-time high, especially with economic uncertainties looming over many industries. Decision-makers need more reassurance, proof of ROI, and confidence that the investment is safe.

According to a report by Forrester, 89% of B2B buyers say they’ve experienced a stall in the buying process, due to budget restraints and continued economic uncertainty. So, while interest in your solution may be high, budgets are under tighter scrutiny, which means deals can get stuck in a holding pattern.

How to Navigate Longer Sales Cycles

Now that we’ve tackled why your sales cycles are taking longer, let’s dive into how to work with this new reality rather than against it. The goal isn’t to rush buyers but to create a smoother process that keeps things moving.

1. Get Buy-In Early

Since buying committees are large, the key is getting buy-in early from key decision-makers. Instead of just relying on the champion of the deal, engage the people who hold the power to sign off on the deal.

2. Shorten Your Demo Process

Demos are crucial, but they don’t have to be long and drawn out. Often, buyers are overwhelmed with too much information. Instead of showing off every feature, focus your demo on solving the specific problems your buyer is facing.

3. Build Trust at Every Touchpoint

In a long sales cycle, trust-building is a constant. Educational content can be your best friend here. B2B buyers are consuming more content than ever—on average, seven pieces of content before making a purchase decision . This is your chance to position yourself as a trusted partner rather than just a vendor.

4. Use Multi-Touch, Multi-Channel Nurturing

You can’t rely on just one touchpoint. Buyers need nurturing through multiple channels—email, social, video, webinars, you name it. The goal is to stay top-of-mind while keeping the relationship warm without being pushy.

5. Anticipate Objections and Address Them Early

One of the main reasons deals stall is unaddressed concerns or objections. Be proactive by addressing the most common objections—like price, ROI, or integration issues—before they’re even raised. This helps build confidence and removes friction from the buying process.

Patience + Strategy = Faster Deals

Longer B2B sales cycles are here to stay, but they don’t have to be a roadblock. By understanding the dynamics at play—bigger committees, deeper research, economic hesitation—and adapting your strategy, you can navigate these longer cycles with confidence.

The key is patience paired with the right actions: get early buy-in, streamline your process, nurture relationships, and always, always build trust. The deal might take longer to close, but with the right approach, it’ll close with greater confidence—and a stronger relationship on the other side.

And hey, if you're feeling stuck or need a little help navigating those longer sales cycles, The Launchpad is always here. We specialize in targeted strategies that get your leads moving—at your pace.