A look at solution selling and its applications in the sales world, and assessing how to resolve the client’s pain into a profitable situation for the salesperson and the customer.
Martal Group - B2B Lead Gen Agency - Onboarding Overview
B2B Marketing: Part 7: Cold Calling Series: Solution Selling, Converting Pain to Coin by Julie Bevacqua
1. I always say ‘no pain, no gain’. Of course I’m referring to the high heeled shoes I love to purchase
and wear, but the same can be said of making a successful sale.
Knowing the client is a big step in selling to him. And this does not mean simply understanding
what he tells you, but acknowledging his real, often unspoken needs. Take for example a software
application salesperson. He may prepare for his sales calls by listing the top reasons his system
is better than the average CRM systems on the market. It may be more affordable, offer advanced
search functionalities, and be quick to implement. In chatting with the prospect however, he may
come to realize that the client is bringing an eco-awareness into his organization. And redesigning
a paperless client services department is an important aspect of this new goal. By steering the
conversation into this new direction, and suggesting his system can cut down on paperwork, the
salesperson has already won half the sale.
A simplified example, but what it boils down to is showing or proving a value or return of interest
associated with your solution, in this case, the CRM system.
In an earlier blog, I had spoken about solution selling, where the principle behind it is simple—get a
customer to acknowledge a business issue or ‘pain’, and offer a solution for it, and you stand a
greater chance of making a sale. Getting them to identify their pain can be done through a number
of probing questions like, “What issues are you looking to address?” or “What do you hope to gain
from your CRM system?”
2. The answers you get may not directly lead to the root cause of the pain, but they can help you get
a foot in the door and plan your prescription.
When trying to establish pain, ensure you have all the key decision makers at hand. If not,
chances are you can miss critical feedback of what the company really needs. Partial response will
also impact the final solution you offer and will result in multiple dialogues with team members,
which again can be misleading.
Next, you need to make the client understand that this pain can flow throughout the
company and can have a direct impact on a number of departments. By recognizing this simple
fact, your recommendation can encompass the entire organization and help build opportunity,
while your competitor may offer only a bandage solution which limits his growth. Who do you think
the company will go with? And how would that impact your own sales growth?
Heard of a malpractice suit? It’s what happens when you offer poor advice. As we’ve seen, it’s hard
for a buyer to take action without a vision, and it’s up to the salesperson to create this vision for
him. But the chance to grab a big sale may stand in the way of creating a sustaining plan for the
company. Don’t make that mistake. Malpractice can be more painful than a case dismissal. Your
questions when exploring for pain need to be:
Probing, to seek various unexplored avenues that may explain the cause of the pain, such as
lack of systems to track inventory or lack of cross selling opportunities.
Leading, to help the client stay on track and not get diverted by issues out of your control
Affirming, which allows the client to acknowledge the pain and welcome a solution.
Using these questions, you can determine the following:
1. The root cause of the buyer’s pain; why he is in pain and what are the factors causing it.
2. The impact this pain has on the company. As seen earlier, the pain can spread to all
departments or outward, to customers. It’s important not only to contain the pain, but to
understand how it moves in order to restore good health.
3. The vision required for the client to take action. Once you have the client admitting to this
pain, you can create a long term solution to fix the problem. Share this vision with your client
and address the way your capabilities might help him.
There is a difference between the actual pain and the reasons for this pain. Actual pain may be
job related and felt by the team leader who is not hitting expected revenues. Or it could be
prospect related, where poor organization is affecting team morale.
3. The reasons for pain may be many—poor lead management systems, lack of insight into sales
pipelines, inefficient operations, and lack of customer information resources. Often, finding a
solution is as simple as offering a CMS system which can streamline operations and make data
gathering easy.
The basis of this pain can be for example, increasing costs, errors, and employee turnover, and
decreasing profits and market share.
All three streams – actual pain, the reason for pain, and the basis of this pain – can be cross
referenced. For example, the team leader who is not hitting expected revenue can in turn offer
poor team solutions, leading to lower morale levels, decreased sales and profits, and a higher
employee turnover.
It is not enough to identify the pain; the prospect must acknowledge it before you can offer a
solution. So once the client has acknowledged low team morale and high employee turnover, you
can begin with your questions such as:
How many employees do you lose per annum?
What is the annual loss resulting in a high employee turnover?
How much do you spend on hiring and retraining new employees?
Do you have team-building events?
Do you have a budget for these events?
Getting your customer to admit to a pain can be difficult and if you are having problems, Keith
Eades’ The New Solution Selling and Michael Bosworth’s, Solution Selling: Creating Buyers in
Difficult Selling Markets, make for the perfect read. Check them out and you’ll be better adept at
converting pain into an actual dollar amount.
POSTED IN: REVENUE PERFORMANCE MANAGEMENT / TAGGED: COLD CALLING, CUSTOMER RELATIONSHIP
MANAGEMENT, MARKETING & SALES ALIGNMENT, SALES EFFECTIVENESS, SALES ENABLEMENT, SALES
PROSPECTING
A thought-leader in the technology marketing space, Julie Bevacqua is a leading expert in
business-to-business (B2B) marketing with hands-on executive experience in corporate, industry,
and product marketing; demand management; and social media. She has held executive positions
at global enterprise software companies, heading up integrated marketing strategies from brand
differentiation, demand generation, sales and marketing integration, and digital marketing
strategies to media and analyst relations and corporate social responsibility.
4. By taking every opportunity to extend the company’s digital footprint, Julie guides her team to
achieve online dominance within the global marketplace. A natural networker, motivator and
mentor, Julie shares her marketing and business savvy through her blog www.JulieBevacqua.com.
Business and corporate marketers and entrepreneurs gain unique insights into the latest
techniques on digital and social marketing that can be applied in any organization.
Julie lives and works in Vancouver, British Columbia, a haven for technology and enterprising
upstarts, dubbed ‘Silicon North’.
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