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How Do You Develop a Solution with Your ProspectBy Philippe Lavie, President, KeyRoad EnterprisesDecide which of the following people loves you the most: your spouse, your mother, or a significant other. Then, the next time you see her, tell her within a few minutes: “You need to do this. You also need to do that. And finally, you need to do this third thing”. To ensure you really drive the point home, make sure to point your finger at her when telling her what she really needs to do. I wonder how long it will take before she tells you what YOU need to do, and I am sure it will not be in such polite language. What I find fascinating is that this is the most common behavior I have seen with sales people when talking to their prospects. Let me see if you can relate. How often have you heard a sales rep say: "You need to have a look at my product". If the person that loves you the most won't take this kind of talk, why do you think your prospect who knows very little if anything about you would? There are two classes of sales people. The first category will:
The second category will:
Developing a Vision in the Mind of Your Prospect Marketing is responsible for delivering the messages, content, and collateral sales people use in their interactions with customers. One of the marketing groups, product marketing, is very product focused and fairly technical in the way it describes your offering. Most "sales training" is really product training delivered by the product (marketing) managers. Does it come as a great surprise then if the first words out of sales people's mouths are feature function descriptions of what they sell? An easy test is to look at your web site and your marketing collateral and evaluate if it includes phrases such as: fully integrated, cutting edge, leading provider, and state of the art, or words like seamless, fastest robust, elegant, and dynamic. If they do, are you presenting self-serving opinions about your products? Can a prospect understand how to use your product to help her address her needs? Can she relate her situation with others that may face similar challenges? How different are your descriptions compared to your competitors? Instead of leading with these words and self-serving opinions, what if you were to present HOW your products can help a prospect achieve his goal, solve a problem, or satisfy a need? Would it help your prospect build a vision of what he can do with your offering? Would you be setting the stage for the prospect to identify what great results they could accomplish by implementing your capabilities? Remember, "People are better convinced by reasons they themselves discover," said Benjamin Franklin. What a salesman he was! Preparing to Have Such Conversations When one buys something, often they buy it on a visceral level. Later, they need to justify the purchase with logic and reason. Why is this important? Because the seller is the first person who can help the buyer achieve the "emotional connection" to your offering. If this is accomplished, you significantly increase your probability to win the deal over your competition. How can you create such emotional connections? Use the old adage: Hurt and Rescue. The more a prospect hurts the more eager and willing he will be to be rescued. The result: a strong emotional bond to the rescue and the rescuer. Pertinent questions during the diagnosis stage of prospecting will reveal a need in your prospect. Questions are intended to discover how they do business as well as measure the impact of their present ways. If you can identify a $10 million problem across the company and have them discover a rescue that would cost them $1 million, how strong are your chances to close the deal? Only after you have identified a significant financial impact they would want to solve, can you afford to propose a rescue. Here is a simple example to illustrate. You have a sore throat. You visit a doctor, and after 30 seconds he prescribes a certain antibiotic, rest, and gives you a $100 invoice. To confirm your situation you go and see another doctor. When this doctor comes in, he asks a series of pointed questions about your condition, how long it has been, is anyone else in your family suffering from similar symptoms, have you taken any other medications, are you allergic to any medications, and so on. After 30 minutes of diagnosing your situation, he prescribes an antibiotic, plenty of rest, offers to call you in a few days to check up on you, and gives you a $100 bill. Which doctor do you trust the most? Which one will you go see again? Which one do you think has earned his $100? By the way, is it possible that both antibiotics are exactly the same? Here is a questioning technique for your consideration once you have identified a goal to achieve:
Wouldn't you find this approach more effective than leading with product demos and technical blah blah blah? Lastly, keep in mind that the conversation you are having is all about the prospect, her situation, the impact to her organization for doing it that way, and how she sees your capabilities as being able to help her address her challenges. It is not about you. Philippe Lavie is President of KeyRoad Enterprises, an affiliate of CustomerCentric Systems. KRE helps companies implement customized sales processes designed to drive increase revenue and greater accuracy in their pipeline management. Based in San Francisco California, Philippe can be reached at: plavie@keyroad.com |
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