If you sell technology, you already know that sourcing advisors figure prominently in your influencer ecosystems. Have you ever wondered how they manage to get into your accounts in the first place?
Most likely, they’re getting to your customers and prospects through word of mouth referrals, vendor referrals, or direct sales. That’s according to a new study on the sourcing advisory business by Phil Fersht, AMR Research analyst and blogger, and Ed Nair, Global Sources (part of CyberMedia India Ltd.). The survey finds sourcing advisors get as many business leads from vendor referrals as they do from their own direct sales efforts.
In other words, sourcing advisors obtain the lion’s share of their business through influencer marketing (word of mouth, vendor referrals).
This helps explain why sourcing advisors are such a disruptive and persistent force during a decision process — they walk in with networked authority.
The study is free and well worth a read, despite the dubious title and tagline — “The Definitive Survey of Sourcing Advisers”, the first ever study on…. (Phil, you ought to know better.)
Hat tip to Vinnie Mirchandani.