The world of convincing a person or a business to buy something from you continues to carry over the hangover of days when being in sales meant going door to door selling vacuum cleaners or encyclopedia sets.
In days of obvious value (the 1950’s to mid 1970’s), what you were selling was already clear to your target audience. What it meant to them was inherent in the features of the product. All the benefits were readily apparent.
You showed the goods, people knew what they were buying and you processed the resultant order.
Competition heated up and this lead to a period of augmented value (mid 1970’s to mid 1990’s). Take a base or generic product and take it through three stages with the prospect:
3. the potential product : start the conversation by encompassing all the value propositions that could be imagined
2. the augmented product : narrow to proposing value beyond the customer’s basic wants and raised the bar for competition
1. the expected product : lead toward added value limited to the minimal expectations of the customer
In this scenario the buyers still understand their own problems, but they need help understanding the augmented products being offered. You, the seller, are required to explain, install and start up the ’solution’. To get there a (Powerpoint?) presentation is made, explanations given and the customer is guided toward a purchase.
With the more public and commercial onset of the Internet in the late 90’s the world has changed. A large number of systems are typically required to build almost any business beyond a simple startup.
This leads to a situation where customers know their ultimate goals without clearly understanding which components are important and how existing systems impose unique constraints.
As a seller you now need to provide strong expertise in system and service level components to guide unique, sustainable and measurable answers to your prospects’ business problems.
Selling no longer involves a Powerpoint presentation. Ever. Nor a brochure. A trade show isn’t going to help either because there is an Internet to find out about new products.
You need to listen and suggest. Give frequent change and constant improvement a great big hug because they’re your new friends in selling.
Whether it’s a multi-billion dollar company or one single person, all of these principles apply.
Here is the cheat sheet I’ve compiled over three years as I’ve learned to best prepare for a service sale. Good luck. New Business needs you to solve their problems.
For the absolute best reference on complex selling, spend a few hours reading The Prime Solution: Close the Value Gap, Increase Margins, and Win the Complex Sale
Continue Reading
Recent Comments