Think
like Dr. Phil and maximize your sales.
Becoming a total solution provider means everybody
has a role to play in the process. It’s about finding the customers’ pain. What
are the real rules of engagement with the customer?
Make no
mistake: The customer sets those rules and it’s really not about what you are
selling. It’s about what the customer is buying. Let me put it in
perspective using an analogy from Tom Winninger, who is often referred to as America’s
leading marketing strategist.
Tom
says, “Think about BMW. They don’t sell cars ― you buy a driving experience.”
“Kodak
doesn’t sell film. You buy magic moments ― memories.”
“Hertz doesn’t
rent you cars. They get you out of the airport faster.”
That’s their
value proposition ― what is yours? You have to figure out what the customer is
really buying. Understand the following simple concepts:
The higher you raise the customer’s perceived value of
you as a company, the closer you come to creating competitive advantage.
Be
careful. If you raise expectations too high and can’t perform, you can shoot
yourself in the foot.
Perceived value varies. It can mean different
things to different customers. It depends on what that customer is really
buying. It relates to value added and what is in it for the customer. Value
added must become not only a common term but it must become engrained in your
sales culture. Every decision you make should consider the question: What’s in it
for my customer (WIIFTC)? This is the baseline for your value propositions.
It’s part of the psychology of selling. It’s part of acting like Dr. Phil.
How Do You Sell Your Value Proposition?
The first step is to really understand and define
your value propositions. Remember, your company and your products have value
propositions and you personally have value propositions in your relationship
with the customer. In defining your value propositions you must maintain your
customer at the center of attention and define value in relationship to
them.
Next, separate selling from problem solving. Take all of your
industry experience and knowledge to understand the customers’ needs. Present
alternative solutions.
Clarify your value propositions in terms of WIIFTC
and let the customer decide.
Think like Dr. Phil
Apply your knowledge and experience to the customers’
pain as if their company was your company. Ask yourself the following questions
to determine if you are ready for and committed to success.
- Are
you fully educated on the difference between price and cost? What makes the low
price the high cost?
- How committed are you to your
industry?
- How well do you know your customers’ objectives?
- How
adept are you at identifying pain?
- Are you more concerned
with your employer’s success than their own? Your customers’ success?
- How
well do you accept personal responsibility for failures?
- Do
you know the five largest customers of your customers’ five largest customers?
- What
are the 3 largest sources of pain in your customers’ lives?
- What
are your customers’ key profit and growth drivers?
- What are
you doing with that knowledge?
- How would the customers
describe your efforts to improve their business?
‘A’ Player Results And Habits
Professional
salespeople are always striving for improvement. They gain the majority of
their targeted customers' business. They increase market share. Transactions
flow through a well-managed relationship that they have established. Their time
is focused on growth rather than transactional service.
Professional
salespeople constantly seek to enhance their selling skills and the knowledge
base of the industry they serve. They no longer focus only on product
knowledge. They focus on their customers' needs and industry knowledge. They
have fine-tuned the basic habits of success:
- Prospecting
within the account for growth potential
- Planning
- Using a professionally prepared sales presentation
- Goal-setting
- Record-keeping
- Efficient time control
- Self-development
- Continuous development of their industry knowledge
- Self-discipline
Today, salespeople
must be problem solvers able to generate
solutions for customers in their time of need. That’s what being a professional
is all about. Therefore, they must possess a great deal of knowledge about
their customers’ business. Often, they must actually define what those needs
are because the customer may not know, nor take the time to explain. Customers
want the professional salesperson to have the knowledge and intelligence to
comprehend and analyze their problems before showing up at the door. Customers
will listen and buy from the salesperson who finds the “pain” and takes it
away. They want solution providers, not the “coolest technology” with three
adjustable speeds.
Act like Dr. Phil and
find the pain and make it go away, even if it has nothing to do with your
product. It’s about being a total solution provider. Today’s formula works
because it creates competitive advantage. It is the secret to success for the
“Sales force of the future.”