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Forming Relationships with Industry Insiders Can Quell Sales Cycles and their Length of Time

New companies in the security industry are experiencing longer sales cycles due to the industry's complexity and unique business models. Forming relationships with industry insiders can potentially reduce these lengthy sales cycles.

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By Geoff Kohl · Geoffrey KohlIndustry InsidersIsc West 2024Sales Cycles
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Key takeaways

01

Sales cycles in the security industry are becoming longer.

02

The industry's complexity contributes to the challenge.

03

Building relationships with industry insiders may help shorten sales cycles.

New companies are facing more and more challenges in the security industry as sales cycles are experiencing lengthier times. One of those reasons is due to the complexity of the security industry itself, along with the unique and special business models every new company will come in with.

But there is a solution to amending this problem with longer sales cycles, and it will require companies to actively build relationships with industry insiders, such as high level end users and integrators. 

On an episode of MarketScale’s premier roundtable discussion show, Experts Talk, to highlight current industry concerns for ISC West 2024, Geoffrey Kohl, the Senior Director of Marketing at the Security Industry Association, offered some insight on the necessity for new entrants in the security sector to form strong connections with industry vets and understand the intricacies of the market 

“There’s not a guidebook out there that says, ‘Here’s how you run your business in this space.’ You have to figure it out on the way. It’s absolutely a big challenge for companies that come in that realize, ‘Oh, wait. I’ve gotta go through an integration sales channel, and I need to build that if I want to scale my business … and I need to also have all these things in line if I want to be able to be trusted by, you know, top level, you know, end users,'” Kohl said.

Article by Alexandra Simon.

Video TranscriptExpand ↓

It is a much longer sales cycle than in some other technology spaces. You you grow your your your connections to the industry, make connections with with top level end users, with top level integrators to understand it. There's not a guidebook out there that says here's how you run your business in this space. You have to and every you have to figure out on the way. But it's it's it's absolutely a big challenge for companies that come in that realize, oh, wait. I've gotta go through a an integration sales channel, and I need to build that if I wanna scale my business. So, and and they need to also have all these things in line if I wanna be able to be trusted by, you know, top level, you know, end users like Hall and others. It's a big challenge for for innovation companies who are really focused on maybe on pushing limits of their technology, creating version two, two, one, etcetera. But they've gotta step back and and deal with those those real business challenges.

About the author

GK
Geoff Kohl

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About the Expert

GK
Geoff Kohl