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The Nigerian Prince and Why Trust is the Ultimate Differentiator in Sales

Writer's picture: Yoram Solomon, PhDYoram Solomon, PhD

Updated: Jan 22

(Summary of The Trust Show Podcast, Season 16, Episode 2, and Chapters 1,2 of The Trust Premium Book)
(Summary of The Trust Show Podcast, Season 16, Episode 2, and Chapters 1,2 of The Trust Premium Book)

Trust has always been the bedrock of successful sales and meaningful customer relationships. Yet, over time, shifts in how businesses engage with customers have led to a dramatic decline in trust. From eroding intimacy to unethical practices and the misuse of technology, the customer-seller relationship has deteriorated, leaving trust as the only true differentiator in today’s marketplace.

 

1. The Decline in Intimacy

Sales once revolved around personal relationships. In the early days of commerce, people shopped at local stores where they knew the owner personally. These transactions were steeped in trust because reputations mattered. Customers could hold sellers accountable, and sellers were invested in their community relationships.

 

As commerce scaled, intimacy began to erode. Door-to-door sales replaced community stores, introducing sales interactions with strangers. While still face-to-face, these interactions lacked the deep connection of local businesses. Cold calling, ushered in by the telephone, further reduced intimacy. Sales became scripted and impersonal, with customers treated as numbers on a list rather than valued individuals.

 

The final blow came with mass email campaigns, where personal connection was all but eliminated. Generic greetings like “Dear Friend” and the sheer volume of spam destroyed what little trust remained. Customers stopped seeing sellers as partners and began viewing them as interruptions.

 

2. The Decline in Ethical Behavior

As intimacy declined, so did ethical behavior. In the past, sales revolved around genuine value. Sellers focused on meeting customer needs, building relationships, and delivering on promises. Over time, this approach gave way to tactics aimed at manipulating perception.

 

Techniques like scarcity, reciprocity, and bundling—rooted in behavioral economics—became common tools. While effective, these methods were often misused to pressure customers into decisions they later regretted.

 

More troubling was the rise of misrepresentation. Sellers began inflating credentials, exaggerating benefits, and hiding critical details in fine print. For example, products were marketed with promises that didn’t match reality, such as internet services advertised with “ideal conditions” speeds that were rarely achievable.

 

At its worst, sales practices devolved into outright deception. Scams, false claims, and bait-and-switch tactics became pervasive. This decline in ethics further eroded trust, leaving customers skeptical of even genuine offers.

 

3. The Role of Technology

Technology has amplified these issues, driving efficiency at the cost of trust. The telephone revolutionized communication but also introduced cold calling, which prioritized volume over connection. Email took this a step further, enabling mass communication that often felt impersonal and invasive.

 

Automation and data-driven personalization, intended to restore intimacy, frequently backfired. Customers quickly recognized the difference between genuine personalization and automated efforts. Techniques like inserting “[First_Name]” into email templates felt artificial and eroded trust further.

 

The rise of AI and deepfakes has added a new layer of deception. Tools like voice cloning and video deepfakes are now used to manipulate trust. For example, customers might receive messages appearing to be from trusted figures, only to discover they were fabricated. These advances have made customers even warier of sales communications, exacerbating the trust crisis.

 

4. The Consequences of the Decline

The decline in intimacy, ethics, and trust has profoundly impacted sales. Customers are now more skeptical than ever, and the statistics paint a grim picture:

 

Spam Emails: By 2022, 56.5% of all global emails were classified as spam, with 73% tied to identity theft schemes.

Cold Calls: Only 2-3% of cold calls now result in meaningful conversations, and 94% go unanswered due to spam filters or caller ID.

Phone Scams: Losses from phone scams in the U.S. rose from $29.8 billion in 2021 to $39.5 billion in 2022, with victims losing an average of $567.41 per incident.

Identity Theft: A 2023 Gallup survey found that 11% of Americans have experienced identity theft firsthand, and 72% fear falling victim to scams.

These figures illustrate a stark reality: traditional sales methods no longer work. Customers have grown wary of unsolicited outreach, and trust has reached an all-time low.

 

Conclusion: Trust is the Only Differentiator

In a world where traditional sales techniques are failing, trust has emerged as the ultimate differentiator. Customers may still need the products and services businesses offer, but they are far more likely to buy from those they trust.

 

Trust-based sales focus on transparency, genuine relationships, and delivering consistent value. While these approaches may require more effort, they are far more effective in building long-term loyalty. Trust allows businesses to break through the noise of mass outreach and establish meaningful connections with their customers.

 

The era of cold calling and spam is ending. The future of sales belongs to those who prioritize trust—because in the end, trust isn’t just an advantage. It’s everything.

 

 
Dr. Yoram Solomon

Dr. Yoram Solomon is an expert in trust, employee engagement, teamwork, organizational culture, and leadership. He is the author of The Trust Premium, The Book of Trust, host of The Trust Show podcast, a three-time TEDx speaker, and facilitator of the Trust Habits workshop and masterclass.

 

The Book of Trust®, The Innovation Culture Institute®, and Trust Habits® are registered trademarks of Yoram Solomon. Trust Premium™, the Relative Trust Inventory™, and The Trust Show™ are trademarks of Yoram Solomon.

 
 
 

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