Acquisition · Objective sales-funnel data analyzed with negative-binomial and beta regression models. The study estimates drivers of prospecting efficacy (leads) and conversion efficacy (customers) using motivation-opportunity-ability variables, advertising support, extrinsic rewards, and salesperson experience.
Hunting for new customers: Assessing the drivers of effective salesperson prospecting and conversion
Journal of Business Research · 2022
Summary
Prospecting and conversion have an implicit trade-off with a sweet spot maximizing acquisition. More-experienced salespeople acquired fewer new customers; advertising support and extrinsic rewards improved conversion more for experienced reps.
For your marketing
Possible founder application
Use this paper as evidence about hunting for new customers: assessing the drivers of effective salesperson prospecting and conversion in the stated context; compare its population, treatment and outcome with your own decision.
Reported result
What the study found
Prospecting and conversion have an implicit trade-off with a sweet spot maximizing acquisition. More-experienced salespeople acquired fewer new customers; advertising support and extrinsic rewards improved conversion more for experienced reps.
Research question
What the authors investigated
What does hunting for new customers: assessing the drivers of effective salesperson prospecting and conversion show about customer behavior or marketing outcomes?
Design
Objective sales-funnel data analyzed with negative-binomial and beta regression models. The study estimates drivers of prospecting efficacy (leads) and conversion efficacy (customers) using motivation-opportunity-ability variables, advertising support, extrinsic rewards, and salesperson experience.
Sample and setting
Objective prospecting/conversion performance data from multiple divisions of one firm; the authors describe the setting as entrepreneurial selling where salespeople acquire customers.
Scope and transfer
Limitations to keep in view
Authors state that obtaining data from multiple divisions limited the study to a single firm, limiting generalizability; they recommend testing other entrepreneurial selling contexts. Full-text methods and correction history were not independently checked.
Research sources
Candidate study metadata and reported evidence were cross-checked against a direct publisher-page retrieval; the full article was not independently reviewed.