5. Great idea!
The prospect does not care about your product
The prospect is not in buying mode
The prospect gets sold to a lot
Speaking the prospect’s language
Talking about what they care about
6. Many different industries
Not an expert in their business
Don’t know what to talk about
Don’t waste time
It’s Not Easy
9. PRODUCT
• Auto inventory replenishment
INVENTORY MANAGEMENT SOFTWARE
• Predictive Demand Forecasting
• Management Dashboard
• Make something work better
• Make something easier
• Decrease time
• Increase revenue
• Decrease costs
• Decrease risk
• Improve visibility
VALUE
• Decrease time spent ordering
• Increase ordering accuracy
• Improve visibility to real-time information
VALUE POINTS
10. PRODUCT
• Decrease time spent ordering
VALUE POINTS
• Increase ordering accuracy
• Improve visibility to real-time
information
VALUE
• Submitting orders is time consuming
• It is easy to make errors when ordering
• Difficult to view of orders and inventory
PAIN POINTS
PAIN
11. PRODUCT
• Submitting orders is time consuming
PAIN POINTS
• It is easy to make errors when ordering
• Difficult to view of orders and inventory
VALUE
• How do you feel about time spent ordering?
• How concerned are you about order errors?
• How important is it to view orders and
inventory?
PAIN QUESTOINS
PAIN QUESTIONS
12. We help businesses to:
• Decrease time spent ordering
• Increase ordering accuracy
• Improve visibility to real-time information
VALUE
POINTS
PAIN POINTS
PAIN
QUESTIONS
13. A lot of businesses we work with are concerned about:
• Submitting orders is time consuming
• It is easy to make errors when ordering
• It is difficult to get a real-time view of orders and inventory
VALUE
POINTS
PAIN POINTS
PAIN
QUESTIONS
14. • How do you feel about the amount of time spent ordering?
• How concerned are you about order errors?
• How important is it to improve visibility across orders and inventory?
VALUE
POINTS
PAIN POINTS
PAIN
QUESTIONS
18. Technical Value
• Processes
• Systems
• People
Automate manual tasks
Make something work better
Decrease the amount of time or effort required to do something
Make something easier
Increase visibility or access to information
Improve communications or connectivity
Improve the performance of systems, processes, or people
Improve the reliability of systems, processes, or people
Business Value
• Revenue
• Costs
• Delivery of services
Improve revenue, market share, close rate, conversion rate, profitability etc.
Decrease cost of goods sold, inventory costs, labor costs, etc.
Decrease risk
Improve decision-making
Decrease product delivery time
Improve the delivery of services
Improve product quality
Improve customer satisfaction
Increase customer retention
Personal Value
• Income
• Career
• Workload
Increase personal income, bonuses, commissions, etc.
Decrease personal expenses
Create opportunities for career advancement
Increase recognition for performance
Decrease workload
Decrease stress level
Increase level of happiness
Improve work/life balance
Improve personal relationships
19. • Decrease time spent ordering
TECHNICAL VALUE POINTS
• Increase ordering accuracy
• Improve visibility to real-time information
BUSINESS VALUE POINTS
• Decrease staffing and labor costs
• Decrease inventory costs
• Improve decision-making
BRAINSTORMING BENEFITS
20. Technical Pain
• Processes
• Systems
• People
Tasks are manual and time-consuming
Things are not working well
It takes a lot of time or effort to do something
Current processes are difficult
It is difficult to see what is going on and access information
Connectivity or communicating is difficult
Performance of systems, processes, or people is not what it needs to be
Reliability of systems, processes, or people is not what it needs to be
Business Pain
• Revenue
• Costs
• Delivery of Services
Difficult to find ways to increase revenue, market share, profitability, etc.
Difficult to close sales and leads
Conversion rates are not what they need to be
Decision-making process is slow and not as good as it needs to be
Difficult to decrease cost of goods sold, inventory costs, labor costs, etc.
Long product delivery time
Poor product or service quality
Customer satisfaction is not what it needs to be
Customer retention is not what it needs to be
Personal Pain
• Income
• Career
• Work Environment
Not making enough income, bonuses, commissions, etc.
Lack of financial strength
Need to get promoted or advance career
Not getting enough recognition
Working too much or too much of a workload
Job is extremely stressful and chaotic
Not a good work/life balance
Not happy
21. • Submitting orders is time consuming
TECHNICAL PAIN POINTS
• It is easy to make errors when ordering
• It is difficult to get a real-time view of orders and
inventory
BUSINESS PAIN POINTS
• There is a lot of labor spent on placing orders
• Ordering errors are costly and impact profitability
• Difficult to make good decisions without visibility
across orders and inventory
BRAINSTORMING PAIN POINTS
The value that we deliver can typically impact our clients on three different levels.
At the lowest level, we offer technical value. These are the benefits and improvements that we can deliver that make things work better and are realized in the areas of processes, systems, and people. Examples are helping a business to save time, automate certain tasks, improve performance, improve reliability, etc.
As a business begins to realize value at the technical level, those benefits will trickle up and be realized at the business level and be seen as a decrease in costs, increase in revenue, or decrease in risk. For example, if manual processes are able to be automated, that will lead to a decrease in the labor that is needed and as a result, there could be a decrease labor costs and this is an example of realizing business value.
When we help clients to realize business value, that can also continue to trickle up to impact the clients on a personal level and be realized in the form of recognition, compensation, decreased work load, etc. For example, if processes are automated and that decreases costs, that could lead to a promotion for the person that is responsible for that area. Or they could get an extra bonus for the year. Or maybe it means that they no longer have to work over the weekend and are able to spend more time with their family and this is realizing personal value.
So when your clients consume your products and services, they are likely going to realize some sort of value and benefits in these three areas.
Now let’s dig a little deeper into what pain can look like. There are actually three levels of pain.
At the lowest level, you have technical pain. This is when things are technically not working well or could be better, and can be often found at the areas of systems, processes, or people.
When pain is experienced at the technical level, that will usually trickle up and cause pain at the business level. This is where a prospect begins to feel negative impacts in the areas of revenue, costs, and the delivery of services.
The pain does not stop their as it can continue on work its way up to impact your prospects at a personal level. This is when the technical and business pain starts to impact the individuals in areas like workload, compensation, job security, career growth, and even spill over into their personal life as well.