Buyer Truths 2026 | How tech buyers make decisions, and what it means for how you sell.
2026
Buyer Truths
Jen Allen-Knuth
Drew Giovannoli

How tech buyers make decisions, and what it means for how you sell.

1

The Report

We surveyed 172 software buyers to understand how they actually make decisions - from what triggers a purchase to what tips the final decision - and what it means for how you sell.

2

The Infographics

Every major finding, visualized. Download and share to LinkedIn.

View All Infographics →
3

The Podcast

Real Buyers. Real Deals. Real Decisions. Hear the unfiltered stories behind how buyers actually chose their vendors.

Who We Surveyed View Methodology →
Respondents172
Enterprise52%
Mid-Market48%
Director+92%
Deals $50K+82%
Deals $100K+35%

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team
Research

Methodology

How this research was conducted

Qualifying Criteria
Purchased software in the past 12 months
Formally evaluated at least one new vendor
Involved in the evaluation and decision process
Purchase valued at $15,000 or more
Manager-level or above
Company Size
Enterprise$250M+ ARR · 89 buyers
52%
Mid-Market$20M-$250M ARR · 83 buyers
48%
Job Level92% Director+
C-Level
20%
SVP / VP
31%
Sr. Director / Director
41%
Sr. Manager / Manager
7%
Decision-Maker Type
Technical Roles
58%
Business Roles
42%
Largest Purchase Size82% $50K+
$15K–$50K
18%
$50K–$100K
47%
$100K+
35%
Buying Committee Size96% multi-stakeholder
Solo
4%
2–3 people
28%
4–10 people
58%
11–15 people
10%
Methodology Note
Survey Period January-February 2026
Responses 172 complete responses from qualified tech decision-makers
Recruitment Online panel recruitment with screening criteria
Completion Time Average 10 minutes
Quality Response rate monitored for quality and attention checks

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team

Now let's see what these 172 buyers told us about how they actually make decisions. Start: Stage 1 - Trigger →

How to read this data: All behavioral questions are anchored to ONE real purchase decision. Each respondent answered about a specific $15K+ software purchase they made in the past 12 months, with formal vendor evaluation, where they were directly involved.
Stage 1

Trigger

What starts the evaluation?

Not all deals begin the same way. And the data shows that how an evaluation starts predicts how it will end -including what buyers prioritize, how they evaluate, and whether you're competing on value or on price.

Initiation Patterns

Find the right champion

Vendor evaluations are initiated by different champions per segment

Overall (172 buyers)
26% Top-Down 53% Collaborative 14% Bottom-Up 7% External
Enterprise
Mid-Market
Business Roles
Mandate-Driven
33% Top-Down
56% Collaborative
3% Bottom-Up
8% External
Only 3% bottom-up -they execute mandates
Balanced
24% Top-Down
45% Collaborative
18% Bottom-Up
13% External
Equal top-down and bottom-up
Technical Roles
Mixed Approach
32% Top-Down
46% Collaborative
16% Bottom-Up
6% External
Hierarchical but teams can initiate
Team-Driven
14% Top-Down
64% Collaborative
18% Bottom-Up
4% External
Highly collaborative, less hierarchical
Enterprise Business
3%
bottom-up. Decisions come from the top or with the decision-maker already in the room - not from users.
Mid-Market Technical
82%
collaborative or bottom-up. Users have real influence - the highest of any segment.
Mid-Market Business
13%
external initiation - the highest. Board recommendations, consultants, and peer referrals matter most here.
The AI Mandate Effect
57%

of buyers have an AI mandate - and their buying behavior looks fundamentally different

Buyers with AI mandates were 5x more likely to choose the lowest price in their most recent purchase

Behavioral correlations across their most recent purchase
Switched Vendors
23%
No Mandate
2.1x
49%
AI Mandate
Chose Lowest Price
8%
No Mandate
5x
41%
AI Mandate

A note on methodology: we asked buyers whether they have an AI mandate, then separately asked about their most recent software purchase. The purchase they described may or may not have been the AI-mandated one - but the behavioral gap is striking regardless. Mandate buyers switched vendors at 2x the rate and chose the lowest price at 5x the rate. Whether the mandate is the direct cause or a signal of a broader buying pattern, the implication is the same - if your buyer has an AI mandate, expect a more price-sensitive, less loyal deal.

The Shortlist Is the Strategy
55%

of buyers evaluate just 2 new vendors

Most deals aren't lost to a better demo - they're lost to not being considered at all

How many new vendors did buyers evaluate?
22%
1 vendor
55%
2 vendors ← Most common
16%
3 vendors
5%
4+ vendors

For marketing, this is the brand awareness play: buyers can't shortlist a name they've never heard. For sales, it's the long game - the relationships and nurture you invest in today are sowing the pipeline of later quarters. By the time the trigger hits, the shortlist is already written.

Pre-Discovery Call Research

Buyers aren't browsing. They've already benchmarked you.

"Which of the following most accurately describes your research process prior to a discovery call with a vendor?"
51%
Strategic Benchmarking
Researched how you stack up against competitors
41%
Active Research
Spent time understanding features & value proposition
6%
Pre-Selection
Arrived already convinced this is a top solution
2%
Initial Search
Quick Google search or briefly looked at the website
"57% of buyers show up having already benchmarked you against competitors or already decided. Only 2% did a casual Google search."

By the time a buyer books a discovery call, the evaluation is already well underway. Over half have specifically researched how you compare to competitors. Your website, your G2 page, your content - that's not "awareness" anymore. It's the first round of the evaluation, and it's happening without you in the room.

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team

The trigger shapes everything that follows. Now they're evaluating -but they're not doing it alone. Next: The Evaluation →

Stage 2

The Evaluation

What happens during the process?

You're not selling to a buyer. You're selling to a committee. And what separates winners isn't just product -it's how well they help buyers navigate their own organization.

The Committee Reality
83%

of winners help buyers navigate buying committees

58% of deals involve 4-10 stakeholders

Committee Sizes
4%
Solo (1 person)
28%
2-3 people
58%
4-10 people ← Most common
10%
11-15 people

Mid-market committees are smaller (39% have 2-3 people). Enterprise committees are larger (16% have 11-15 people). But in both cases, your champion needs to sell internally after every call with you.

What Winners Do Differently
Risk Identification
69%
of winners proactively identified risks or gaps in the buyer's plan

In 63% of all deals, the winner did both -identified risks AND helped with alignment. Winners behave like advisors, not presenters.

The Trust Playbook

How to build trust in Mid-Market and Enterprise

"Which proof type had the greatest impact on your final decision?"

Enterprise $250M+ ARR
46%
Product trial
17%
ROI calculator
16%
Live demo
15%
Case studies
6%
3rd-party reviews
One proof type dominates. Get them into a trial.
Mid-Market $20M–$250M ARR
30%
Product trial
24%
Live demo
18%
Case studies
15%
3rd-party reviews
13%
ROI calculator
No single proof type dominates. Use a mix of demos, trials, and third-party validation.

Enterprise has one clear winner: trials at 46%. Mid-Market is more distributed - no single proof type dominates, so you need a mix of demos, case studies, and third-party validation.

Seller Preparation
14%

of buyers say sellers show up "fully prepared" to a first meeting

"How prepared do you find sellers to be for a first meeting?"
14%
Fully prepared (personalized insights)
56%
Well prepared (understands role) ← Most common
27%
Moderately prepared (understands org, not role)
3%
Minimally prepared (basic understanding)
"How important is it for a seller to be researched about..."
91%
My company goals
85%
My department goals
84%
My product / solution
80%
Competitive landscape
40%
My personal interests ← The outlier

Nobody's bombing the first meeting - but almost nobody's nailing it either. "Fine" is the norm, which means showing up genuinely prepared is a rare enough experience to be a competitive advantage on its own. They don't need you to know their hobbies. They need you to know their business.

Peer Trust by Role

Case studies and references land harder with technical audiences

% who rate peer influence as high or very high
Peer Influence: High or Very High
60%
Business Buyers
vs
79%
Technical Buyers

Nearly 4 out of 5 technical buyers are heavily influenced by peer references and case studies. For business buyers, that drops to 3 out of 5. If you're selling to engineering or IT, lead with proof from people who've done it before.

Price Buyers Are Externally Driven

Price-driven buyers aren't just cost-focused - they're the most externally influenced segment

% who rate trust as high or very high
Trust in Vendor ROI
Chose Lowest Price
67%
Paid More
58%
Trust in Peer References
Chose Lowest Price
73%
Paid More
64%

Buyers who chose the lowest price option trust both vendor ROI and peer references more than those who paid more - they use outside validation to justify their decision. Give them both the calculator and the case study.

Why Vendors Get Eliminated

The #1 reason buyers cut a vendor isn't price. It's missed requirements.

"What was the most common reason vendors were eliminated during your evaluation?" (Select up to two)
41%
Missed requirements
36%
Better alternative found
31%
Price too high
28%
Lack of trust / credibility
17%
Implementation concerns
16%
Lack of product fit
13%
Poor sales experience
Percentages add up to more than 100% because each buyer selected up to two reasons.

The top two reasons - missed requirements and a better alternative - are both perception problems, not product problems. "Missed requirements" often means the buyer needed something and you didn't surface that you could do it. "Better alternative" means someone else told a more compelling story about the same job to be done. The vendors who get cut aren't necessarily worse. They just let the buyer define the requirements alone - and then failed to reshape them.

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team

The evaluation narrows the field. But in 53% of deals, the final decision is still a coin flip. Next: The Decision →

Stage 3

The Decision

How do they choose a winner?

When half your deals are a coin flip, the small things break the tie. And what tips it is different for every segment.

Sales Experience Tracks With Winning
86%

of buyers' chosen vendor also had the best sales experience

Winner Had Best Sales Experience
Mid-Market
96%
Enterprise
81%
Mid-Market
39% have 2-3 people
24% want demos
15% use reviews
31% chose lowest price
Enterprise
16% have 11-15 people
46% want customer stories
6% use reviews
23% chose lowest price
When asked to rank what mattered most, buyers put sales experience #4 of 5 (see Decision Hierarchy). Read this as a correlation, not a stated driver — winners tend to also be the ones whose sales process landed well.

Buyers don't say sales experience decided it — when asked to rank, they put it 4th of 5. But the winner almost always had it. Treat sales experience as a necessary condition for being chosen, not the lever that pulls the decision. In mid-market especially, a weak sales process is enough to disqualify you; a strong one keeps you in the running long enough for product and trust to do the actual deciding.

The Premium Playbook
73%

of buyers didn't pick the cheapest option

Here's what the winners did to earn the premium.

The Premium Playbook
Lead with customer stories
39% of buyers who paid more said case studies had the most impact on their decision (vs 25% of those who chose cheapest)
Surface risks before they do
69% of buyers who paid more chose a seller who proactively identified risks (vs 56% of those who chose cheapest)
Help them sell it internally
79% of buyers who paid more chose a seller who helped navigate internal buy-in (vs 68% of those who chose cheapest)
"You can't always control your price. You can always control how you sell."

Discounting is optimized for the 27% who chose cheapest -and even they didn't rank price as their top factor. The other 73% paid more because they trusted the seller to help them succeed.

The Decision Hierarchy

Buyers ranked what mattered most in their final decision. Price came dead last.

"Rank the following by how much they influenced your final vendor decision" (1 = most influential)
#1
Product functionality
avg 2.0
50% ranked it #1
#2
Vendor trust
avg 2.9
#3
Implementation effort
avg 3.0
Near-tie with #2
#4
Sales experience
avg 3.3
#5
Price
avg 3.7
40% ranked it dead last

Product wins. That's not surprising. What's surprising is where price lands - dead last. 40% of buyers put it in 5th place. The gap between trust (#2) and implementation effort (#3) is razor-thin, suggesting buyers weigh "can I trust this vendor to deliver" and "how hard is this going to be" almost equally. For sellers, this is the permission slip to stop leading with discounts and start leading with proof you can get them live. For marketing, this is the case for trust-building content over pricing pages.

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team

But here's the hard truth: even when you do everything right, most deals still don't close. Next: The Outcome →

Stage 4

The Outcome

Why do most deals fail anyway?

You're not losing to the competitor. You're losing to inertia. And the feedback you get about why you lost? It's mostly fiction.

The Status Quo Wins
62%

of buyers stayed with a vendor in the past 12 months — even when better existed

Implementation effort matters 3x more than cost

Why they stayed
51%
Implementation effort
17%
Cost
12%
Competing internal priorities
9%
Internal backlash / political resistance
6%
Personal credibility risk
5%
Fear vendor would oversell

27% stayed to manage organizational risk -competing priorities, internal backlash, personal credibility. Your champion isn't weighing your product vs. theirs. They're weighing "hero" vs. "target."

Your Loss Data Is Fiction
Feedback Honesty
65%
of buyers don't give you the real reason you lost. Only 35% provide comprehensive, accurate feedback.
65%
Withhold
35%
Accurate

54% provide main reasons but omit sensitive details. 11% give a general reason that wasn't the primary driver. When buyers say "price," they may mean "your champion lost internal credibility." When they say "features," they may mean "we didn't trust your implementation plan."

Mid-market buyers are slightly less honest (69% withhold) than enterprise (62%). Your loss review data is systematically biased toward comfortable explanations.

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team

That's the buyer journey. From trigger to outcome, the patterns are clear - and different from what most sellers assume. Hear It From Real Buyers →

The Stories

The Podcast

Real Buyers. Real Deals. Real Decisions.

Each episode, we sit down with a tech buyer to hear the unfiltered story of how they actually chose a vendor - what worked, what didn't, and what sellers got wrong.

Want all the key findings in one place? View All Infographics →

Reference

The Infographics

Every major finding in one place. Download and share to LinkedIn.

Stage 1: Trigger
AI Mandate
57%
have a mandate to buy software that "checks an AI box"
Price-Driven
5x
AI-mandate buyers chose lowest price at 5x the rate
How Deals Start
53%
started collaboratively, but patterns vary dramatically by segment
Stage 2: The Evaluation
Committee Size
58%
of deals involve 4-10 stakeholders
Internal Alignment
83%
of winners helped navigate internal alignment
Risk Identification
69%
of winners proactively identified risks
Enterprise Trials
46%
said product trials had greatest impact
Stage 3: The Decision
Close Decisions
53%
of deals are "very close" - small differences decide winners
Enterprise Goes Deeper
19%
of Enterprise winners didn't have the best sales experience - but still won
Paid More
73%
chose a vendor that wasn't the lowest price
Stage 4: The Outcome
Status Quo
62%
stayed with a vendor in the past 12 months — even when better existed
Implementation
3x
Implementation effort matters 3x more than cost
Feedback Honesty
65%
of buyers don't give you the real reason you lost. Only 35% provide comprehensive, accurate feedback.
65%
Withhold
35%
Accurate

We Surveyed 172 Buyers. Now Let Us Help You Win Yours.

Research to understand them. Training to close them.

Drew Giovannoli

Drew Giovannoli

Buried Wins

1:1 buyer interviews that learn from recent wins, lost prospects, and your competitors' customers who never considered you.

Learn More
Jen Allen-Knuth

Jen Allen-Knuth

DemandJen

Train your sales team to sell the way buyers buy. Workshops and coaching grounded in data.

Train Your Sales Team
© 2026 Buyer Truths · A Buried Wins & DemandJen Research Project