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© Solution Selling, Inc. 2008
Sales Tool Build Workshop
© Solution Selling, Inc. • 2008  PAGE 1
www.solutionselling.com
Credit, Copyright, and Contact Information
Trademark Notice: The following trademarks and service marks are owned by Sales Performance
Holding Company (DBA: Solution Selling, Inc.) and licensed by Sales Performance International, LLC.
Any questions concerning the use of these trademarks or whether a name that does not appear on
this list is in fact a trademark of Solution Selling, Inc. or comments concerning this manual, workshop
or presentation should be referred to Sales Performance International, LLC in the United States at the
following address:
4720 Piedmont Row Drive, Suite 400
Charlotte, North Carolina 28210 USA
Phone: 704.227.6500 FAX 704.364.8114
Solution Selling® and Situational Fluency Prompter®, Pain Sheets®, 9 Block Vision Processing
Model® and Pain Chains® are registered trademarks and service marks of Solution Selling, Inc. All
other referenced marks are those of their respective owners.
Copyright Notice: This manual is a copyrighted work of Solution Selling, Inc. This manual may not be
reproduced in whole or in part without the prior written consent of Solution Selling, Inc.
Additionally, Sales Management and Coaching, Targeted Territory Selling, Major Account Selling,
Strategic Opportunity Selling, and Executive-Level Selling are copyrighted materials of
Solution Selling, Inc.
© Solution Selling, Inc. • 1985 - 2008
© Solution Selling, Inc. • 2008  PAGE 2
www.solutionselling.com
MMTC Sales Process Map: (Draft 9/16/09)
Close
IM Analyze Develop Prove Negotiate
Plan Implement
What HELP is available?
Define needs/wants &
requirements
Evaluate
options
Select solutions and
evaluate risk
Resolve issues and finalize contracts
Implement and
evaluate success
 Get necessary
documents
signed
 Identify potential
beneficiary
 Establish trust
and credibility
 Stimulate interest
 Identify perceived
pain
 Conduct plant
tour
 Confirm and
prioritize pain
 Confirm dialogue
and agree upon
next steps
 Diagnose
admitted pain of
Sponsor
 Create or
reengineer vision
for sponsor
 Gain agreement
to explore further
 Negotiate access
to power
 Confirm dialogue
and agree upon
next steps
 Diagnose admit-
ted pain of Power
 Create or
reengineer vision
for power
sponsor
 Gain agreement
to explore further
 Determine
evaluation criteria
 Propose a plan of
next steps
 Confirm dialogue
and agree upon
plan of next steps
 Begin execution
of next steps
 Present
preliminary
solution
 Prove capabilities
(Oper, Trans, Fin)
 Conduct review
of proposal
 Issue proposal
 Ask for the
business
 Receive verbal
approval
 Prepare for final
negotiations
 Reach final
agreement
 Conduct territory /
account and/or
opportunity
planning
 Identify potential
opportunity
 Conduct pre-call
planning and
research
 Participation and
follow-up of Learn
About & Seminars
 Develop Partner
Relationships
 Lead Follow-up
 Implement
solution
 Complete
implementation
approach
 Measure success
criteria
 Identify potential
new opportunities
 Obtain referrals
 Documents
signed
 Lead Letter
agreed upon
 Sponsor Letter
agreed upon
 Evaluation Plan
modified or
agreed upon
 Verbal approval
received
 Ts and Cs
agreed upon
 Territory / Acct /
Opportunity
Plan developed
 Evaluations &
Lead Tracking
90%
10% 25% 50% 75% 100%
S.A. Prompter
Value Proposition
Reference Story
Bus. Dev. Letter
Bus. Dev. Prompter
Waste Walk
Trans. Planner/BPS
9 Block Model®
Pain Sheet®
S. A. Prompter
Sponsor Letter
Trans. Planner/BPS
9 Block Model®
Pain Sheet®
S. A. Prompter
Power S. Letter
Evaluation Plan
Evaluation Plan
Transition Letter
Implement. Plan
Value Analysis
Success Criteria
/A3
Negotiating
Worksheet
Get-Give List
T/A/O Plan
Account Profile
Pain Chain®
Key Players List
Implementation
Plan
Success Criteria
A3
Reference Story
Post project debrief
Plan Execute Implement
 Sales
 Sales mgt.
 Sales support
 Sales
 Pre-sales
 Marketing
 Sales
 Pre-sales
 Sales mgt.
 Subj Expert
 Sales
 Pre-sales
 Sales mgt.
 Subj Expert
 Sales
 Pre-sales
 Sales mgt.
 Subj Expert
 Sales
 Sales mgt.
 Sales
 Sales mgt.
 Sales support
 Services
 Sales
Sales Process Steps
Sales Process Activities
Verifiable Outcomes
Roles (examples)
Sales Tools
Sales Management System
 Implementation
Plan completed
Buying Process
© Solution Selling, Inc. • 2008  PAGE 3
www.solutionselling.com
Defensible Differentiators: Template
Differentiator Pain Linkage Defensibility
© Solution Selling, Inc. • 2008  PAGE 4
www.solutionselling.com
Core Capabilities: Template
Core Capabilities Pain Linkage Key Selling Points
© Solution Selling, Inc. • 2008  PAGE 5
www.solutionselling.com
10
10
0
VALUE
U
N
I
Q
U
E
N
E
S
S
Differentiation Grading Chart
Cool,
Nice to have
Differentiators
Core/
Commodity
Junk
© Solution Selling, Inc. • 2008  PAGE 6
www.solutionselling.com
Solution Messaging Card: Definitions
Pain
 One of the core pains
Reasons for
Pain
 Contributing factors or causes to the pain
Organization
Impact
 Additional critical issues that could happen as a result of the pain not being addressed
 Could be personal or organizational impact
Trend Relevance
 Additional talking points around this pain that are happening in the marketplace
 Could find information related to industry or issue specifically through 3rd party research
 Trends will be used to help improve messaging and enable sales to establish creditability through
increased situational knowledge
 Ensures empathy for the customer and their situation
Capabilities
 What the customer must do to address the pain and reasons
 Should be stated as “ability to” in non-solution and company specific way
 Should link to core capabilities and defensible differentiation
Solution Linkage
 Name of solution and/ or components that address the pain
Differentiators
 Specific differentiators components included in the solution
Metrics / Proof
of Value
 Specific points of measure/ KPI’s that will be impacted after solution is implemented
Key Players
 Roles within the organization who typically experience this specific pain
Case Studies
 Example case studies of where this pain was solved for another customer
© Solution Selling, Inc. • 2008  PAGE 7
www.solutionselling.com
The Training Application Breakdown
100% 100%
<10%
~30% ~30%
Training / HR
Focus
Sales Ops
Focus
Training
Business
Results
THE
GAP
TOOLS PLAY MAJOR ROLE IN
CLOSING THE APPLICATION GAP
© Solution Selling, Inc. • 2008  PAGE 8
www.solutionselling.com
Three Key Audiences that Benefit
THOSE
WHO
BUILD
THOSE
WHO
USE
SALES
TOOLS
THOSE
WHO
INSPECT
Sales Management
Educate on usage, role in
opportunity management
(inspection) and coaching
Sales Professionals
Educate on when and how
to use them and which
ones to use
Marketing, Delivery and
Sales Professionals
Focus on supporting sales
by building sales tools
(interim and going forward)
© Solution Selling, Inc. • 2008  PAGE 9
www.solutionselling.com
MMTC Sales Process Map: (Draft 9/16/09)
Close
IM Analyze Develop Prove Negotiate
Plan Implement
What HELP is available?
Define needs/wants &
requirements
Evaluate
options
Select solutions and
evaluate risk
Resolve issues and finalize contracts
Implement and
evaluate success
 Get necessary
documents
signed
 Identify potential
beneficiary
 Establish trust
and credibility
 Stimulate interest
 Identify perceived
pain
 Conduct plant
tour
 Confirm and
prioritize pain
 Confirm dialogue
and agree upon
next steps
 Diagnose
admitted pain of
Sponsor
 Create or
reengineer vision
for sponsor
 Gain agreement
to explore further
 Negotiate access
to power
 Confirm dialogue
and agree upon
next steps
 Diagnose admit-
ted pain of Power
 Create or
reengineer vision
for power
sponsor
 Gain agreement
to explore further
 Determine
evaluation criteria
 Propose a plan of
next steps
 Confirm dialogue
and agree upon
plan of next steps
 Begin execution
of next steps
 Present
preliminary
solution
 Prove capabilities
(Oper, Trans, Fin)
 Conduct review
of proposal
 Issue proposal
 Ask for the
business
 Receive verbal
approval
 Prepare for final
negotiations
 Reach final
agreement
 Conduct territory /
account and/or
opportunity
planning
 Identify potential
opportunity
 Conduct pre-call
planning and
research
 Participation and
follow-up of Learn
About & Seminars
 Develop Partner
Relationships
 Lead Follow-up
 Implement
solution
 Complete
implementation
approach
 Measure success
criteria
 Identify potential
new opportunities
 Obtain referrals
 Documents
signed
 Lead Letter
agreed upon
 Sponsor Letter
agreed upon
 Evaluation Plan
modified or
agreed upon
 Verbal approval
received
 Ts and Cs
agreed upon
 Territory / Acct /
Opportunity
Plan developed
 Evaluations &
Lead Tracking
90%
10% 25% 50% 75% 100%
S.A. Prompter
Value Proposition
Reference Story
Bus. Dev. Letter
Bus. Dev. Prompter
Waste Walk
Trans. Planner/BPS
9 Block Model®
Pain Sheet®
S. A. Prompter
Sponsor Letter
Trans. Planner/BPS
9 Block Model®
Pain Sheet®
S. A. Prompter
Power S. Letter
Evaluation Plan
Evaluation Plan
Transition Letter
Implement. Plan
Value Analysis
Success Criteria
/A3
Negotiating
Worksheet
Get-Give List
T/A/O Plan
Account Profile
Pain Chain®
Key Players List
Implementation
Plan
Success Criteria
A3
Reference Story
Post project debrief
Plan Execute Implement
 Sales
 Sales mgt.
 Sales support
 Sales
 Pre-sales
 Marketing
 Sales
 Pre-sales
 Sales mgt.
 Subj Expert
 Sales
 Pre-sales
 Sales mgt.
 Subj Expert
 Sales
 Pre-sales
 Sales mgt.
 Subj Expert
 Sales
 Sales mgt.
 Sales
 Sales mgt.
 Sales support
 Services
 Sales
Sales Process Steps
Sales Process Activities
Verifiable Outcomes
Roles (examples)
Sales Tools
Sales Management System
 Implementation
Plan completed
Buying Process
© Solution Selling, Inc. • 2008  PAGE 10
www.solutionselling.com
Plan IM Analyze & Develop Prove Finalize and Close Implement
Sales Process with Sales Tool and Verifiable Outcomes Emphasis
 Account Profile
 Key Players List
 Messaging Cards
 Pain Chain®
 Value Proposition
 Reference Story
 Business
Development Letter /
Prompters
 Strategic Alignment
Prompter (First Call
Introduction)
 Reference Story
 9 Block Model®
 Pain Sheet® for
Sponsor (including
Differentiators)
 Pain Chain®
 Sponsor Letter
 9 Block Model®
 Pain Sheet® for
Power Sponsor
(including
Differentiators)
 Power Sponsor
Letter
 Success Criteria
 Evaluation Plan
 Evaluation Plan
 Transition Issue and
Capabilities
 Implementation /
Transition Plan
Letter
 Implementation /
Transition Plan
 Value Analysis /
Justification
 Negotiating
Worksheet
 Get-Give List
 Implementation Plan
 Success Criteria
 Reference Story
Sales Process Steps
Verifiable Outcomes
Sales Tools
Sales Management System (with Win Odds per Milestone)
Lead Letter agreed
upon
Sponsor Letter
agreed upon
Evaluation Plan
modified or agreed
upon
Verbal approval
received
Ts and Cs agreed
upon
Documents signed
90%-100%
10% 25% 50% 75%
© Solution Selling, Inc. • 2008  PAGE 11
www.solutionselling.com
Talent Assessment
 Are intuitive
 Have conversations
 Ask questions
 Make presentations
 Make statements
 Process is key to success
Journeypeople
Eagles
© Solution Selling, Inc. • 2008  PAGE 12
www.solutionselling.com
Situational Fluency
What Buyers Should Expect from Salespeople
Situational
Knowledge
Capability
Knowledge
People
Skills
Selling
Skills
How Do We
Integrate?
Situational Fluency:
Integration of knowledge and skills by the salesperson for “eagle” performance
© Solution Selling, Inc. • 2008  PAGE 13
www.solutionselling.com
Key Selling Skills
PLAN CREATE QUALIFY DEVELOP PROVE NEGOTIATE CLOSE
Sales Process Steps
Prospecting
Developing Needs
Developing and Delivering Value
Managing Proof
Accessing
Power
Qualifying / Disqualifying
Controlling the Process
Aligning
Negotiating / Closing
© Solution Selling, Inc. • 2008  PAGE 14
www.solutionselling.com
Shifting Buyer Concerns
Phase I:
Determine Needs
Phase II:
Evaluate Alternatives
Phase III:
Evaluate Risk
Needs
Cost
Solution
Risk
Risk
Price
Solution
Needs
Buying Phases
Time
Level
of
Concern
© Solution Selling, Inc. • 2008  PAGE 15
www.solutionselling.com
Sales Tools for Completion
Sales Tool Groups Purpose and/or Actions
Group 1
 Account Profile
 Key Players List
 Pain Chain®
 Brainstorm, analyze, discuss and agree upon key elements of
a general opportunity upon which the development of all other
sales tools will be based
Group 2
 Business Development Prompters and Letter
 Reference Story
 Initial Value Proposition
 First Call Introduction
 Develop sales tools that can be used to assist a sales
professional in initiating a sales cycle by establishing
credibility and targeting possible critical issues of the
prospect
Group 3
 Pain Sheet® (Sponsor and Power Sponsor)
 Evaluation Plan
 Transition Issues & Capabilities
 Transition-Implementation Plan
 Value Analysis / Justification
 Success Criteria
 Negotiating Worksheet and Get-Give List
 Create sales tools to help control the sales cycle, qualify the
buying process, and mitigate buyer’s risk through promoting
value and offering proof
Group 4
 Sponsor and Power Sponsor Letters
 Situation Questions
 Go/No Go Step Completion Letter
 Sponsor Vision Reengineering Letter
 Transition Plan Letter
 Complete these sales tools based on input from Sales Tool
Groups 1-3
© Solution Selling, Inc. • 2008  PAGE 16
www.solutionselling.com
Basic Principle
NO PAIN, NO CHANGE
Pain = Problem, Critical Business Issue or Potential Missed Opportunity
BASIC
PRINCIPLE
© Solution Selling, Inc. • 2008  PAGE 17
www.solutionselling.com
Criteria for Pain
 Job specific
 How the prospect is:
 Measured
 Motivated
 Recognized
 Rewarded
 Viewed by peers
 Personal
 Provides a compelling reason to act
© Solution Selling, Inc. • 2008  PAGE 18
www.solutionselling.com
Basis of Pain
 Increasing
 Costs
 Competitive losses
 Errors
 Customer complaints
 Returns
 Employee turnover
 Eroding
 Profits
 Market share
 Service quality
 Growth rate
 Customer care
 Compliance
 Government regulation
 Industry standard
?
COMMON
DENOMINATOR
© Solution Selling, Inc. • 2008  PAGE 19
www.solutionselling.com
Basic Principle
YOU CAN’T SELL TO SOMEONE
WHO CAN’T BUY
BASIC
PRINCIPLE
© Solution Selling, Inc. • 2008  PAGE 20
www.solutionselling.com
Approval Types and Roles
Informal: Opportunity Level
 Sponsor
 Cannot make the buying decision
 Provides information
 Conducts internal selling
 Provides access to power
 Power Sponsor (a.k.a. “VP of Change”)
 Enough influence (regardless of title) and authority to get it if they want it, even if unbudgeted
 Can and will take you anywhere in the organization you need to go
 Can and will negotiate the steps leading to a buying decision
 Beneficiary
 Adversary
 End user
Formal: Account Level
 Legal / Technical / Administrative (Purchasing)
 Financial
 Ultimate Authority
© Solution Selling, Inc. • 2008  PAGE 21
www.solutionselling.com
Three Sales within a Sale
LINE OF BUSINESS SALE
Operational Vision
“What capabilities do we need to
meet our business goals?”
TRANSITION SALE
Transition / Implementation
Vision
“How do we get from where we
are today to where the Line Vice
Presidents want to be?”
FINANCIAL SALE
Operational Vision
+
Transition / Implementation
Vision
“What is the overall value to the
organization?”
© Solution Selling, Inc. • 2008  PAGE 22
www.solutionselling.com
Basic Principle: There are Four Levels of Buyer Need
Level One: Latent Pain
Level Two: Admitted Pain
Level Three:
Vision of a
Solution
Level
Four:
Active
Evaluation
BASIC
PRINCIPLE
© Solution Selling, Inc. • 2008  PAGE 23
www.solutionselling.com
Four Levels of Buyer Need: Definitions
Level Four: Active Evaluation
 Power person driving evaluation
 Business issues are defined
 Requirements are documented
 Evaluation team in place
Level Three: Vision of a Solution
 Buyer accepts responsibility for solving problem
 Buyer can visualize the when, who, and what that will
enable them to address the reasons for their pain
Level Two: Admitted Pain
 Buyer is willing to discuss problems, difficulties or
dissatisfaction with the existing situation
 Buyer admits the problem, but does not know how to solve it
Level One: Latent Pain
 Buyer is not actively attempting to address a problem for
which the salesperson can see a solution
 Buyer is unaware a potential solution exists or may have
failed at previous attempts to solve the problem
 Buyer has rationalized potential solutions viewed so far as
“too expensive,” “too complicated,” or “too risky,”
© Solution Selling, Inc. • 2008  PAGE 24
www.solutionselling.com
Conceptual Sales Territory
 Power person driving evaluation
 Business issues defined
 Requirements documented
 Evaluation team in place
*
Not
Looking
Active *
Of all the people who could benefit from your offering…
What % are actively evaluating?
© Solution Selling, Inc. • 2008  PAGE 25
www.solutionselling.com
How Organizations Evaluate and Buy
Not Looking Active Requirements Company A Company B Company C

































© Solution Selling, Inc. • 2008  PAGE 26
www.solutionselling.com
Identify Opportunities through Planning
Territory
Account Account Account Account
Account
Opp Opp Opp Opp Opp
Existing Accounts New Accounts
Territory Planning
Account Planning
Opportunity Planning
© Solution Selling, Inc. • 2008  PAGE 27
www.solutionselling.com
Planning
Account Pre-call Planning and Research
Key Areas to Research
 Company
 History
 Nature of the business
 Mission statement
 Annual reports / 10Ks
 Offerings
 Description
 Types
 Uniqueness
 Market analysis
 Size
 Location
 Trends
 Maturity
 Share
 Financials
 Balance sheet
 Income statement
 Track record
 Competition
 How positioned
 Strategies
 Comparisons
 Executive profiles
 Work history
 Education
 Competencies
 Potential critical business issues
(pains)
Opportunities in the Pipeline
© Solution Selling, Inc. • 2008  PAGE 28
www.solutionselling.com
Account Pre-call Planning and Research
Information Sources
 Review account’s website
 Access public information
 Annual Reports / 10-Ks
• Chairman’s Letter
• Financial highlights
 Dun & Bradstreet (contact Marketing Manager) * – company overviews: financials, key people in the
organization, industry-related news, competitor profiles, business & financial rankings, and company
subsidiaries.
 Google News Alert
 MSN Business Online (www.msnbc.com) Company information and news articles searchable at the
world, national and local levels
 OneSource (www.onesource.com) * – A single source for detailed company information for both public
and private companies.
 Standard & Poor’s (www.standardandpoors.com) – Financial information about organizations around
the world in multiple languages. Financial information includes credit ratings, equity research, global
indices and articles pertaining to the financial impact associated with world events.
 US Securities Exchange Commission (www.sec.gov) – Information on public filings from 1993 –
present
 Yahoo Finance
 Contact account’s shareholder department (e-mail) with specific questions – become a shareholder
 Contact salespeople and account managers within the prospect organization
© Solution Selling, Inc. • 2008  PAGE 29
www.solutionselling.com
Account Pre-call Planning and Research
What to Do with the Information
 Identify key players
 Identify potential areas for critical business issues (pains)
 Match up key players with critical business issues (pains)
 Align your capabilities to each key player and potential pain
 Create an Initial Pain Chain® for the potential opportunity
 Target most likely Power Sponsor
 Determine your business development strategy leveraging the
specific information gathered
 Develop or select appropriate stimulating interest Sales Tools to
support the strategy
Account-level
activities
Opportunity-level
activities
© Solution Selling, Inc. • 2008  PAGE 30
www.solutionselling.com
Account Profile – Titan Games Inc. (TGI): Example
Account Profile
Company:
Titan Games Incorporated (TGI) is a 20 year old organization which manufactures and distributes educational
and recreational games and toys throughout the world.
Offerings:
TGI manufactures a line of educational and recreational games and toys that are endorsed and approved by
leading experts in the field, and are ergonomically designed.
Market analysis:
Loss of shelf space has created market erosion, hence a loss of sales while lessening the company’s competitive
position.
Financials:
Sales have declined in direct proportion to market and shelf space loss. Earnings per share have had a
disproportionately high decline as margins are squeezed, and costs cannot be reduced quickly enough to protect
profits.
Competition:
There are five primary competitors, three of which are technologically in a position to take advantage of TGI’s
inefficiencies.
Executive profiles:
The CEO, Susan Brown, was hired in the past year to turn the company around because earnings per share
have declined. The VP Finance, Jim Smith, has been with TGI for the past 5 years. He is currently unable to
positively affect profits due to missed revenue targets and the increasing cost of credit write-offs. The VP Sales &
Marketing, Steve Jones, is chartered with increasing revenues for TGI. He has been hampered by technology
limitations that cause his salespeople to spend too much time servicing existing accounts while not developing
new ones. The CIO, John Watkins, has been chartered with finding a solution to the technology deficiencies.
Potential critical business issues:
CEO: Earning per share are declining; VP Finance: Eroding profits, VP Sales & Marketing: Missing new account
revenue targets
© Solution Selling, Inc. • 2008  PAGE 31
www.solutionselling.com
Sales Tool Description
Account Profile
Overview:
A brief overview of a target company that describes particular elements of the organization. The profile highlights
challenges the organization is facing.
Where / How used:
The Account Profile serves as an ideal “quick information” resource for you to gain insight about an account into which
you are about to make contact. The profile should include: Overview of the Company, Description of their Offerings,
Analysis of their Markets, Summary of their Financial Status, Description of their Competition, Executive Biographies
and Descriptions of Potential Pains.
What you should achieve:
The Account Profile should help you or your team to strategize on how to move forward with a potential opportunity by
identifying specific pains the organization is likely to be facing. Additionally, identification of key players with the
organization and their pains will start to formulate a picture of how the individuals’ pains are connected in a cause and
effect relationship.
Input required:
Knowledge of the prospect’s organization, key players, and pains they are likely facing – a Key Players List for the
industry will be useful.
Note: Account Profiles can be supplemented by corporate information such as Account Plans or Customer Relationship
Management data. There are also many third party organizations that can serve as a resource for researching and
providing the latest information on accounts. A complete Account Profile represents the minimum amount of
information that should be known before engaging with an opportunity.
© Solution Selling, Inc. • 2008  PAGE 32
www.solutionselling.com
Exercise: Develop a Sample Account Profile
Purpose:
 To draft an Account Profile of a typical client to use as an example
Activities:
 Record key information about a typical account that would benefit from the selected
offering(s)
Notes:
 You may model the profile after a real account, but reserve the right to change the
information if necessary
© Solution Selling, Inc. • 2008  PAGE 33
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Account Profile: Template
Account Profile
Company:
Offerings:
Market analysis:
Financials:
Competition:
Executive profiles:
Potential critical business issues:
© Solution Selling, Inc. • 2008  PAGE 34
www.solutionselling.com
Account Profile: Template
Account Profile
Company:
Hillsdale Terminal, Inc. Manufactures and distributes electrical terminal products mostly in automotive
and recreational vehicle industries. Current market is US. Company has been in business for
Offerings:
Manufacturer of Solderless crimp terminals and wiring accessories
Market analysis:
Customers are boat manufacturers and recreational and leisure manufacturers. Sell only to distributors,
wholesalers, end users
Financials:
D&B says $3.4m annual sales
Competition:
Tyco, Terminal Supply, 3M
Executive profiles:
Frank Condon is President of company. Jim Condon is VP
Potential critical business issues:
Want to sell retail, build a capacity to sell on the web
© Solution Selling, Inc. • 2008  PAGE 35
www.solutionselling.com
Key Players List: Manufacturing Industry (SME)
Key Players (Job Title) Potential Pains
President/Owner
 Missing profit goals
 Growth goals not being achieved
 Lack of a future workforce
Controller/CFO
 Increasing costs
 Inadequate cash flow
 Profit goals not being met
VP Operations/
Plant Manager
 Increased production costs
 Excess Inventory
 Declining throughput
Production Manager
 Declining first pass yield
 Decreased employee productivity
 Inefficient equipment/processes
Quality Manager
 Increased defects
 Inadequate QMS to meet needs of new, larger customers
 Higher costs/less results implementing QMS
VP Engineering
 Miss-alignment with sales on product specs
 Commoditized/mature products
 Risks associated with new product launch
Sales/Marketing Mgr
 Declining sales revenue
 Missing new account targets
 Increased difficulties to differentiate
 Ineffective sales channels performance
CI Manager
 Difficulty sustaining internal process improvement
 Declining employee productivity
HR Manager
 Challenge attracting/retaining qualified labor
 Increasing average age of workforce
© Solution Selling, Inc. • 2008  PAGE 36
www.solutionselling.com
Job Aid Description
Key Players List
Overview:
The Key Players List is a listing by industry of important job titles along with the likely critical business issues (pains)
which that job title (key player) might face.
Where / How used:
The Key Players List helps you identify pains to probe for when marketing to, calling on or meeting with a particular
buyer based on their job title and role. This is especially helpful when calling on a buyer or within an industry where
you may less inexperience with or be unfamiliar with.
The Key Players List can be used to initiate sales opportunities by identifying latent pains that buyers have not yet
recognized. It also can be used to identify the underlying pain which have driven a buyer to commit to action in active
sell cycles.
What you should achieve:
By using the Key Players List, you should be able to more quickly identify key players and their potential pains. It also
can help develop your situational knowledgeable and experience in a given industry.
Input required:
To create a Key Players List, you must research the key players, their pains and job titles within your target industries.
© Solution Selling, Inc. • 2008  PAGE 37
www.solutionselling.com
Exercise: Develop a Key Players List
Purpose:
 To draft a Key Players List to use as an example
Activities:
 Identify 5-6 client key players (by title) typically involved in a sales cycle for your chosen
offering(s)
 Record 5-6 potential pains faced by each key player. Ideally, your offering would directly or
indirectly address one or more pains of the key players
Notes:
 Choose key players that represent various approval types such as Sponsors, Power
Sponsors, etc
 Remember a pain is personal and specific to the person and their role
© Solution Selling, Inc. • 2008  PAGE 38
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Key Players List Template
Key Players (Job Title) Potential Pains
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© Solution Selling, Inc. • 2008  PAGE 39
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Key Players List Template (Continued)
Key Players (Job Title) Potential Pains
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© Solution Selling, Inc. • 2008  PAGE 40
www.solutionselling.com
Basic Principle
PAIN FLOWS THROUGH AN ENTIRE
ORGANIZATION
BASIC
PRINCIPLE
© Solution Selling, Inc. • 2008  PAGE 41
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Pain Chain® - “Cause and Effect”
Job Title: Sales Manager
Pain: Lack of marketing knowledge
Reason: Lack of training
Reason: Lack of resources
Job Title: President
Pain: Inability to seize new market opportunity
Reason: Lack of marketing knowledge
Reason: Missing sales opportunities
© Solution Selling, Inc. • 2008  PAGE 42
www.solutionselling.com
Pain Chain™: Manufacturing. Example
Job Title: VP Operations
Pain: Increased production costs
Reason A: Declining first pass yield
Reason B: Decreased employee productivity
Job Title: President/Owner
Pain: Missing profit goals
Reason A: Increased production costs
Reason B: Decrease in sales revenue
Job Title: Quality Manager
Pain: Increased defects
Reason A: Inability to identify root causes
Reason B: Lack of process controls
Reason C: Lack of adherence to a QMS
Reason D: Lack of a QMS
Job Title: Production Manager
Pain: Declining first pass yield
Reason A: Increased defects
Reason B: Increased process waste
© Solution Selling, Inc. • 2008  PAGE 43
www.solutionselling.com
Sales Tool Description
Pain Chain®
Overview:
The Pain Chain® is a graphical depiction of the cause and effect relationship of critical business issues (pains) inside
an organization. It includes job title, pain, and the reasons for that pain. The graphic shows a pain as being a reason
for someone else’s pain.
Where / How Used:
This job aid can be employed in multiple ways and in multiple points in a sell cycle. It can be used as a pre-call
planning aid to understand potential interdependencies in an opportunity. After interviewing key players, a seller can
re-craft an Initial Pain Chain® to reflect their new findings. It is also used when building a business case to identify
sources of benefits across the organization. The Pain Chain® becomes an “organizational impact chart” when used to
explain the benefits to the customer(s). It can then be viewed as a “Gain Chain.”
What you should achieve:
A completed Pain Chain® demonstrates to the client an insightful understanding of their business. In addition, as the
seller’s understanding of the client’s overall situation is expanded so is the corresponding opportunity to build a broad
base of support and justification for implementation of the solution.
Input required:
To create a Pain Chain®, you must understand the pain(s) of key players in the organization and the reasons for the
pain(s). As many key players in an organization may have multiple pains, the Job Aid Build team must narrow the pains
down to one per key player. The pains and the reasons for other key player’s pains should relate to one another with
little confusion or misunderstanding in order to teach the concept of “organizational interdependency” with ease.
© Solution Selling, Inc. • 2008  PAGE 44
www.solutionselling.com
Exercise: Create a Pain Chain®
Purpose:
 To create a Pain Chain® to use as an example for demonstrating how one pain in the
organization affects other key players
Activities:
 Using the Key Players List and Account Profile that have already been drafted:
 Identify (by title) at least 4 key players within your opportunity
 Identify the primary pain and reasons for each of these key players
 Using the key players and their pains, construct a Pain Chain® showing their
organizational interdependency. Do this by tracing the flow of pain up and/or down the
organization
 Each pain should have at least two reasons
© Solution Selling, Inc. • 2008  PAGE 45
www.solutionselling.com
Pain Chain® Template
Job Title:
Pain:
Reason A:
Reason B:
Job Title:
Pain:
Reason A:
Reason B:
Job Title:
Pain:
Reason A:
Reason B:
Job Title:
Pain:
Reason A:
Reason B:
© Solution Selling, Inc. • 2008  PAGE 46
www.solutionselling.com
Sales Tools for Completion
Sales Tool Groups Purpose and/or Actions
Group 1
 Account Profile
 Key Players List
 Pain Chain®
 Brainstorm, analyze, discuss and agree upon key elements of
a general opportunity upon which the development of all other
sales tools will be based
Group 2
 Business Development Prompters and Letter
 Reference Story
 Initial Value Proposition
 First Call Introduction
 Develop sales tools that can be used to assist a sales
professional in initiating a sales cycle by establishing
credibility and targeting possible critical issues of the
prospect
Group 3
 Pain Sheet® (Sponsor and Power Sponsor)
 Evaluation Plan
 Transition Issues & Capabilities
 Transition-Implementation Plan
 Value Analysis / Justification
 Success Criteria
 Negotiating Worksheet and Get-Give List
 Create sales tools to help control the sales cycle, qualify the
buying process, and mitigate buyer’s risk through promoting
value and offering proof
Group 4
 Sponsor and Power Sponsor Letters
 Situation Questions
 Go/No Go Step Completion Letter
 Sponsor Vision Reengineering Letter
 Transition Plan Letter
 Complete these sales tools based on input from Sales Tool
Groups 1-3
© Solution Selling, Inc. • 2008  PAGE 47
www.solutionselling.com
Business Development: Messaging Considerations
“Are You Curious?”
 You have limited time to get attention and create curiosity
 Business-to-business vs. Business-to-consumer
 Put yourself in the mind of the buyer
 Target pains / critical business issues:
• describe how someone else has solved a problem
• target a peer in a potentially similar situation
• select a problem they might have or to which they can relate
 Communicate value
 The communication should NOT:
 focus on company history or new offerings
 ask them to buy anything or schedule a meeting
 ask the buyer to admit “pain”
© Solution Selling, Inc. • 2008  PAGE 48
www.solutionselling.com
Sales Tool Description
Business Development Prompters
Overview:
This job aid provides a seller with a variety of dialogue prompters to help stimulate interest with prospective clients by
focusing on critical issues (pains) typical of the client’s job title. It gives the seller an opportunity to establish credibility
by demonstrating situational fluency while helping to differentiate himself/herself from other sellers through proven
techniques and best practices.
Where / How Used:
It is used as a prompter - not a script. This job aid is typically used as part of the “stimulating interest ” of the Solution
Selling® process and can be used in a variety of settings including telephone calls, voice mail messages, and face to
face communications at networking events, trade shows, etc.
What you should achieve:
When used successfully, the prospect’s curiosity will grow and they will want to know more about how who helped
someone else with a situation they can relate to. The conversation could then continue further by the seller sharing a
reference story.
Input required:
To create Business Development Prompters, you must know the key pains, and reasons for pains, of the individuals by
job titles that can benefit from your offerings.
© Solution Selling, Inc. • 2008  PAGE 49
www.solutionselling.com
Business Development Prompters
Business Development Prompter: New Opportunity
This is Ron Quinkert with the Michigan Manufacturing Technology Center. You and I haven’t spoken
before, our organization been working with Michigan manufacturers for more than 20 years. A common trend
we are hearing lately from other JAMA members is their difficulty in finding new business. Despite the tough
economy, we have been able to help other members identify new business prospects. Would you like to
know how?
Business Development Prompter: Menu Approach (See Business Development Letter)
This is Tim Ford with the MMTC. You and I haven’t spoken before, but we have been working with Michigan
manufacturers for the last 20 years. The top three concerns we are hearing from other Sales Managers are:
decreasing sales, lack of new leads and lack of resources. We’ve helped companies like: JC Gibbons,
Bolton Conductive and Integrity Steel address some of these issues. Would you like to know how?
Business Development Prompter: Referral Approach
This is Karen Seman with the MMTC. You and I haven’t spoken before, but Patricia Yulkowski , President of
Total Door suggested that I give you a call. We were able to help her address her difficulty with developing
their new web site. Would you like to know how?
Business Development Prompter: Multiple Contact Approach
This is Tim Ford with the MMTC. You might recall my last e-mail regarding the Learn-About you attended
where we described how we have been working with Michigan manufacturers to find new customers. A
common trend is frustration with declining sales due to the economy. We have been able to help our
customers address this issue. Would you like to know how?
© Solution Selling, Inc. • 2008  PAGE 50
www.solutionselling.com
Business Development Letter / e-mail: Template
Dear Mr. Smith,
Our company is in the business of helping our clients find new business.
We have been working with Michigan manufacturers for over 20 years.
Our clients include Bolton Conductive, JC Gibbons and Integrity Steel.
Some of the chief concerns we heard from them included:
• Decreasing sales
• Lack of new sales leads
• Lack of resources to generate new business
We have been able to help our customers successfully deal with these and other issues. I would like an opportunity
to share some examples with you. If you are interested in learning how we have helped other manufacturers solve
some very challenging issues, please call me at 734-451-4204 and I will provide you with more information. In lieu of
your call, I’ll plan a follow-up call on October 30th .
Best Regards,
Ron Quinkert, cBSP
© Solution Selling, Inc. • 2008  PAGE 51
www.solutionselling.com
Reference Story: Format and Template
FORMAT REFERENCE STORY TEMPLATE
Job title / industry:
A customer job title and
vertical industry
Critical business issue:
The pain of the above
title
One of the reasons:
One of the reasons for
the critical business
issue biased to your
product / service
Capabilities (when,
who, what):
In the words of your
customer, the business
event, the player(s) and
specific capabilities
needed to address the
critical business issue
(He / She / They told us
they needed a way…)
We provided:
If the “solution” is
described properly
above, all we have to do
here is say that we
provided those
capabilities
Result:
Specific measurement is
best ($ or %)
Situation: The Lean Champion
Critical Business
Issue:
Increased production costs
Reason(s): One of the key reasons was declining employee
productivity.
Capability(s):
(when, who, what)
He said he wanted a way that, when filling customer orders,
his workforce would utilize standardized work processes
and eliminate non-value added activity.
We provided… that capability
Result: Eliminated 510 hours per year of NVA activity · On-time
machine deliveries improved to 97% (up from 92%) · Vendor
performance improved to 98% on-time delivery (up from
92%)
© Solution Selling, Inc. • 2008  PAGE 52
www.solutionselling.com
Reference Story Format
Situation: A customer job title and vertical industry
Critical
Business Issue:
The pain of the title above (Anxiety words and phrases are very
powerful here).
Reason(s): One of the reasons for the critical issue biased to your product
or service
Capability(s):
(when, who,
what)
In the words of your customer, the business event, the player(s)
and specific capabilities needed to address the critical issue -
“He/she/they told us when… who… what they needed”
We provided… If the “solution” is described properly above, all we have to do
here is say that we (our product / service / company) provided
them those capabilities
Result: Specific measurement is best, $ or %
© Solution Selling, Inc. • 2008  PAGE 53
www.solutionselling.com
Sales Tool Description
Reference Story
Overview:
This job aid provides a seller with a dialogue prompter to help build credibility with a client by helping the client begin
discussing their critical issues (pain). It gives the seller an opportunity to share situationally specific examples of how
the prospect’s peers have been helped by implementing capabilities provided by the seller’s organization.
Where / How Used:
It is used as a prompter - not a script. This job aid is typically used as part of the “Stimulating Interest” step of the
Solution Selling® process, but can be used effectively to assist in building credibility or getting pain admitted.
What you should achieve:
When used successfully, the prospect will either admit pain, or the seller will discover that the prospect already has a
vision of a solution. The conversation could then continue further by vision processing (creation or reengineering).
Input required:
To create a Reference Story you must have specific examples from previous sales and know the measurable results
that were achieved by implementing capabilities provided by your organization.
Note: If measured results are not available, indicate (as a footnote) that the Reference Story results are for education
purposes or that they are pending
© Solution Selling, Inc. • 2008  PAGE 54
www.solutionselling.com
Exercise: Craft a Reference Story
Purpose:
 To draft a Reference Story that could be used to establish credibility, stimulate interest and begin
the discussion of pain with a prospect
Activities:
 Using the Sponsor from the Pain Chain® and Pain Sheet® exercise:
 Fill in the Reference Story Template with the information already identified
 Create the measurable results achieved as the outcome of buying the solution
Note:
 Although Reference Stories are traditionally developed at the end of a sales engagement, this
sample will be used as if it was the basis for stimulating interest into the current opportunity
(scenario) thus it should “map” to the existing scenario (i.e. Sponsor from the Pain Chain® and Pain
Sheet® )
© Solution Selling, Inc. • 2008  PAGE 55
www.solutionselling.com
Reference Story: Format and Template
FORMAT REFERENCE STORY TEMPLATE
Job title / industry:
A customer job title and
vertical industry
Critical business issue:
The pain of the above
title
One of the reasons:
One of the reasons for
the critical business
issue biased to your
product / service
Capabilities (when,
who, what):
In the words of your
customer, the business
event, the player(s) and
specific capabilities
needed to address the
critical business issue
(He / She / They told us
they needed a way…)
We provided:
If the “solution” is
described properly
above, all we have to do
here is say that we
provided those
capabilities
Result:
Specific measurement is
best ($ or %)
Situation:
Critical Business
Issue:
Reason(s):
Capability(s):
(when, who, what)
We provided… …this capability
Result:
© Solution Selling, Inc. • 2008  PAGE 56
www.solutionselling.com
The Value Cycle
“Lead with Value”
CLOSE
VERIFY
MEASURE
LEAD
Initial Value
Proposition
© Solution Selling, Inc. • 2008  PAGE 57
www.solutionselling.com
Building a Compelling Value Proposition
Your Offering Your Offering
Customer B
Situation
Customer A
Situation
Initial Value
Proposition
Reference
Story
Projected
Results
Measured
Results
EXTRAPOLATE
© Solution Selling, Inc. • 2008  PAGE 58
www.solutionselling.com
Initial Value Proposition: Format and Template
VALUE PROPOSITION
“We believe that Morton Buildings should be able to
Reduce production costs
by 10%, or $6.6 million annually
through the ability to streamline production and eliminate non-value added steps
as a result of re-mapping your work processes, accurately allocating costs across product
lines, and updating the skills of your personnel
for an investment of $50,000
Value Proposition Assumptions:
 Fabrication Line not included
 Morton personnel available at requested times
 Assume gross margin of 40% on sales of $370m = COGs of $222m
Assume project impacts 30% of COGs = $66m/10 = $6.6m
© Solution Selling, Inc. • 2008  PAGE 59
www.solutionselling.com
Sales Tool Description
Value Proposition
Overview:
A statement which projects the potential quantified benefit (value) a client could realize through the implementation of a
specific capability or solution. It is intended to create curiosity and serve as the catalyst to start a sales cycle.
Where / How used:
The projected quantified benefits are extrapolated from a previous successful implementation(s) or engagement(s) and
then projected upon the prospective client.
The primary use is to stimulate interest in what the seller may have to offer. If interest is generated, the (Initial) Value
Proposition can and should be refined during the sell cycle eventually evolving to a more elaborate Value Analysis / ROI.
What you should achieve:
The Value Proposition should stimulate interest with the client (or prospect) and commence a sell cycle.
Input required:
To create a Value Proposition you must have knowledge of the specific value already achieved by a customer who is
using your products / services. You will also need to know specific information about the prospect you are targeting.
© Solution Selling, Inc. • 2008  PAGE 60
www.solutionselling.com
Exercise: Develop an Initial Value Proposition
Purpose:
 To draft an initial Value Proposition that could be used to lead with value and stimulate interest with
a prospect
Activities:
 Extrapolate the results and characteristics found in the Reference Story to create a Value
Proposition for the targeted prospect (i.e. the Sponsor )
Notes:
 This should be built on well-known metrics that a successful account has experienced
 Much like the Reference Story, since the Value Proposition will be positioned as a method for
stimulating interest into the current opportunity (scenario) it should “map” to the existing scenario
(i.e. Sponsor from the Pain Chain® and Pain Sheet® )
© Solution Selling, Inc. • 2008  PAGE 61
www.solutionselling.com
Initial Value Proposition: Format and Template
VALUE PROPOSITION
“We believe that TC Sports should be able to increase sales by $500,000
through the ability to market effectively, drive new RFQ opportunities, and
infiltrate new markets as a result of updating personnel skill sets and
website enhancement, for an investment of $ 22,000”
Value Proposition assumptions being made:
 Average sale amount = $20,000
 Closing ratio = 15%
 24 hour response to all quote opportunities
 Personnel available at requested times
Value Proposition Format:
We believe that [ Client name ]
should be able to [ improve what ]
by [ how much, what %? ]
through the ability to [ do what? ]
as a result of [ what enabling capabilities? ]
for an investment of [ what relative cost? ] .
© Solution Selling, Inc. • 2008  PAGE 62
www.solutionselling.com
Strategic Alignment Prompter (Steps 1 and 2)
Step 2: Introduce Call
 State call objective *
What I’d like to do today is to:
• Introduce you to the Michigan Manufacturing Technology Center
• Tell you about another Sales Manager in the injection molding business we have worked with
• I would then like to learn more about you and your situation…
• …at that point, the two of us will be able to make a mutual decision as to whether or not we should proceed
any further.”
 Share positioning statement (Use “we help” theme)
“ The MMTC is in the business of helping Michigan Manufacturers identify new markets, generate new leads,
and close more sales”
 Provide company / personal introduction *
FACTS
□ We are part of the national network of the Manufacturing Extension Partnership, which makes our approach
dramatically different. We are dedicated to helping small to medium sized Michigan manufacturers make
operational improvements. A key point is that as part of the MEP network, we are measured on your results.
□ Our approach to training and consulting is focused on knowledge transfer. We teach you how to fish, we don’t do
the fishing for you. We also help you implement what you’ve learned, making you self sufficient.
□ We helped a total of 1,250 Michigan manufacturers since our inception.
 Share relevant Reference Story (or progress-to-date)
“A particular situation you might be interested in is another __________ (organization type). Their __________
(job title) was having difficulty with __________ (pain). The reasons for his/her difficulty were __________.
What he/she needed was some way to (describe capabilities) __________. We provided them with those
capabilities and the result was __________ (specific result).”
 Transition to “getting pain admitted”
“But enough about __________ (my company). Tell me (more) about you and your situation.”
© Solution Selling, Inc. • 2008  PAGE 63
www.solutionselling.com
Strategic Alignment Prompter (Steps 1 and 2)
Step 2: Introduce Call
 State call objective *
What I’d like to do today (or… during the next ___ minutes) is to:
• Introduce you to IMEC
• Tell you about another OEM supplier we have worked with
• I would then like to learn (more) about you and your situation…
• …at that point, the two of us will be able to make a mutual decision as to whether or not we should proceed
any further.”
 Share positioning statement (Use “we help” theme)
IMEC is in the business of helping companies to be more productive and competitive.
 Provide company / personal introduction *
FACTS
 IMEC has been in business since 1996
 We’ve worked with nearly 2,000 Illinois manufacturers
 We have 10 offices statewide
 On average, our clients report a 10 to 1 return on their investment in our resources
 Share relevant Reference Story (or progress-to-date)
“A particular situation you might be interested in is another Caterpillar Supplier. Their VP of Operations was
having difficulty with increasing production costs. The reason for his difficulty was a decline in employee
productivity. What he said he needed was a way when filling customer orders, his production workers would
have standardized work processes to follow with minimal non-value added activities. We provided them with
those capabilities and as result his on-time delivery improved from 65% to more than 95%.
 Transition to “getting pain admitted”
“But enough about IMEC. Tell me about you and your situation.”
* Alter steps for existing vs. new relationships as relevant
© Solution Selling, Inc. • 2008  PAGE 64
www.solutionselling.com
Exercise: Create the First Call Introduction Information
Purpose:
 To draft specific elements of messaging during a first call to allow the sales professional to
properly introduce themselves to a new prospect in order to establish the call agenda and
credibility
Activities:
 Create a positioning statement that describes how the company helps their clients
 Create this with the title and industry of the prospect in mind
 Provide 3-4 facts about the company and/or seller that will help the prospect draw desired
conclusions
© Solution Selling, Inc. • 2008  PAGE 65
www.solutionselling.com
First Call Introduction Template: Strategic Alignment Prompter (Step 2)
Step 2: Introduce Call
 State call objective *
What I’d like to do today (or… during the next ___ minutes) is to:
• Introduce you to __________ (my company)
• Tell you about another _________ (job title and industry) we have worked with
• I would then like to learn (more) about you and your situation…
• …at that point, the two of us will be able to make a mutual decision as to whether or not we should proceed
any further.”
 Share positioning statement (Use “we help” theme)
“__________________ (my company) is in the business of helping organizations / companies in the
__________________ industry to… (provide brief statement of how organizations use our products and services)
____________________________________________________________________________________________.”
 Provide company / personal introduction *
FACTS
□ __________________________________________
□ __________________________________________
□ __________________________________________
 Share relevant Reference Story (or progress-to-date)
“A particular situation you might be interested in is another __________ (organization type). Their __________
(job title) was having difficulty with __________ (pain). The reasons for his/her difficulty were __________.
What he/she needed was some way to (describe capabilities) __________. We provided them with those
capabilities and the result was __________ (specific result).”
 Transition to “getting pain admitted”
“But enough about __________ (my company). Tell me (more) about you and your situation.”
* Alter steps for existing vs. new relationships as relevant
© Solution Selling, Inc. • 2008  PAGE 66
www.solutionselling.com
Sales Tools for Completion
Sales Tool Groups Purpose and/or Actions
Group 1
 Account Profile
 Key Players List
 Pain Chain®
 Brainstorm, analyze, discuss and agree upon key elements of
a general opportunity upon which the development of all other
sales tools will be based
Group 2
 Business Development Prompters and Letter
 Reference Story
 Initial Value Proposition
 First Call Introduction
 Develop sales tools that can be used to assist a sales
professional in initiating a sales cycle by establishing
credibility and targeting possible critical issues of the
prospect
Group 3
 Pain Sheet® (Sponsor and Power Sponsor)
 Evaluation Plan
 Transition Issues & Capabilities
 Transition-Implementation Plan
 Value Analysis / Justification
 Success Criteria
 Negotiating Worksheet and Get-Give List
 Create sales tools to help control the sales cycle, qualify the
buying process, and mitigate buyer’s risk through promoting
value and offering proof
Group 4
 Sponsor and Power Sponsor Letters
 Situation Questions
 Go/No Go Step Completion Letter
 Sponsor Vision Reengineering Letter
 Transition Plan Letter
 Complete these sales tools based on input from Sales Tool
Groups 1-3
© Solution Selling, Inc. • 2008  PAGE 67
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10
10
0
VALUE
U
N
I
Q
U
E
N
E
S
S
Differentiation Grading Chart
Cool,
Nice to have
Differentiators
Core Capabilities
Junk
© Solution Selling, Inc. • 2008  PAGE 68
www.solutionselling.com
Solution Messaging Card: Definitions
Pain
 One of the core pains
Reasons for
Pain
 Contributing factors or causes to the pain
Organization
Impact
 Additional critical issues that could happen as a result of the pain not being addressed
 Could be personal or organizational impact
Trend Relevance
 Additional talking points around this pain that are happening in the marketplace
 Could find information related to industry or issue specifically through 3rd party research
 Trends will be used to help improve messaging and enable sales to establish creditability through
increased situational knowledge
 Ensures empathy for the customer and their situation
Capabilities
 What the customer must do to address the pain and reasons
 Should be stated as “ability to” in non-solution and company specific way
 Should link to core capabilities and defensible differentiation
Solution Linkage
 Name of solution and/ or components that address the pain
Differentiators
 Specific differentiators components included in the solution
Metrics / Proof
of Value
 Specific points of measure/ KPI’s that will be impacted after solution is implemented
Key Players
 Roles within the organization who typically experience this specific pain
Case Studies
 Example case studies of where this pain was solved for another customer
© Solution Selling, Inc. • 2008  PAGE 69
www.solutionselling.com
Basic Principle
DIAGNOSE BEFORE
YOU PRESCRIBE
BASIC
PRINCIPLE
© Solution Selling, Inc. • 2008  PAGE 70
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I1
I3
C1
C2
C3
R1
R2
R3
I2
Architecture of the 9 Block Vision Processing Model™
Diagnose Reasons Visualize Capabilities
Explore Impact
Open
Control
Confirming
PAIN
BUYING VISION
3 Question
Types
3 Areas of
Exploration
Customer’s
Point of View
Salesperson’s
Point of View
Combined
Point of View
© Solution Selling, Inc. • 2008  PAGE 71
www.solutionselling.com
9 Block Vision Processing Model® - Vision Creation
Diagnose Reasons Visualize Capabilities
Explore Impact
Open
Control
Confirming
PAIN $
BUYING VISION $
7
4
1
8
5
2
9
6
3
C1
I1
R1
C2
I2
R2
C3
I3
R3
“Besides yourself,
who in your
organization is
impacted by this (pain)
and how are they
impacted?”
“Is this (pain) causing…
(another pain)?”
“If so, would
(other job title)
also be concerned?”
#?, %?, $?
“From what I just heard,
(repeat the “who” and
“how”) are impacted.
It sounds like this is not
just your problem, but a
______ problem!
Is that correct?”
“What is it going to take
for you to be able to
(achieve your goal)?”
“Could I try a few ideas
on you?”
“You mentioned
(recall reason)…
Would it help if …
Capability Vision A?...
Capability Vision B?...
Capability Vision C?...
“So, IF you had the ability
to (summarize capability
visions),
THEN could you (achieve
your goal)?”
“Tell me about it,
what is causing you
to have this…
(repeat pain)?”
“Is it because…
Reason A?…
Reason B?...
Reason C?...
#?, %?, $?
“So, the reasons for your
(pain) are…?
Is that correct?”
© Solution Selling, Inc. • 2008  PAGE 72
www.solutionselling.com
Pain Sheet™ - Situational Fluency Prompter®: Example
Pain:
Job Title & Industry:
Offering:
Missing on time deliveries (Size-up pain – What is the goal? (98%) What is actual? (88%)
Production Manager
Kiazen Events
REASONS (R2) IMPACT (I2) CAPABILITIES (C2)
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
A you are experiencing unscheduled
machine down time?
What is the maximum hours of machine time
availability per week/per year? (80)(4000)
What percentage of time is loss due to
unscheduled machine down time (4%)
What is the market value of products produced per
hour? ($2,300)
So, the value of products lost due to unscheduled
down time is approximately 160 hours or $368,000
per year, is that correct? (Yes)
How much of that $368,000 could be eliminated if
you could optimally schedule preventive
maintenance? (50 % or $184,000)
• lost orders?
• Increased inventory costs?
• Increased production costs?
Is the VP Manufacturing
impacted?
• loss of (or threat of losing)
customers?
• declining profits?
• poor cash flow?
Is the President/Owner
impacted?
A When:
Who:
What:
equipment is not operating
within spec (i.e. temp, lube,
filters, etc.)
your machine operator
could apply minor
preventive maintenance or
notify a technician so that
proper maintenance can be
optimally scheduled
B customer demands require an
increasing number of setups?
How many set ups per week/year? (6)(300)
How does compare to last year? (up 10%)
What about in the future? (10% higher)
What is the average time per set up? (1.5 hour)
That means that 450 hours per year is required
today and 495 for future volume? (Yes)
What is the market value of products produced per
hour? ($2,300)
That means the value of products lost due to
machine set up is approximately 1M per year, is
that correct? (Yes)
How much of that 1M could be saved with time
saving setup techniques and standard procedures?
(50% or $500,000)
B When
Who:
What:
set ups are required
your set up team
could apply time saving
techniques, have easy
access to required tools,
and follow standard
procedures so that set up
time is reduced
C your experiencing frequent out-of-raw
materials at the point of use?
How many hours per week/per year are lost due to
raw material outage? (.5 hours)(25hours)
What is the market value of products produced per
hour? ($2,300)
That means that the value of products lost due to
raw material outage is approximately $57,500 per
year? (Yes)
Shouldn’t that all be eliminated? (Yes)
C When
Who:
What:
raw materials are
approaching predetermined
minimal levels
your line workers
could have inventory
replenished automatically
and before outage occur and
production stops
© Solution Selling, Inc. • 2008  PAGE 73
www.solutionselling.com
Pain Sheet™ - Situational Fluency Prompter®: Example
Pain:
Job Title & Industry:
Offering:
Missing on time deliveries (Size-up pain – What is the goal? (98%) What is actual? (88%)
Production Manager
Kiazen Events
REASONS (R2) IMPACT (I2) CAPABILITIES (C2)
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
D You have an improper line balance?
What percent of true capacity do you think you are
operating at right now? (92%)
How much of that 8% gap is due to improper flow
i.e. bottlenecks, excess product travel, wait time,
etc. (50%)
What is your current annual output? (10M)
That would mean a potential gain of $400,000 in
sales. Is that a good estimate? (Yes)
How much of that $400,000 could be realized if
you could quickly analyze line balance, identify
bottlenecks, and reallocate resources to improve
flow? (80% or $320,000)
• lost orders?
• Increased inventory costs?
• Increased production costs?
Is the VP Manufacturing
impacted?
• loss of (or threat of losing)
customers?
• declining profits?
• poor cash flow?
Is the President/Owner
impacted?
D When:
Who:
What:
product mix changes occur
your production team
could quickly analyze line
balance, identify
bottlenecks, and reallocate
resources to improve flow
E E When
Who:
What:
F F When
Who:
What:
© Solution Selling, Inc. • 2008  PAGE 74
www.solutionselling.com
Sales Tool Description
Pain Sheet®
Overview:
A Pain Sheet® is a questioning prompter used with the 9 Block Vision Processing Model®.
It provides a set of control questions to help diagnose a business issue (pain), identify the impacts of that pain on the
rest of the organization, and describe the capabilities which could be provided to address the pain. It is an integral job
aid to creating (or reengineering) visions biased to specific offerings / solutions of the seller’s organization.
Where / How used:
It is used with the 9 Block Vision Processing Model® for creating (or reengineering) customer visions biased toward
specific offerings / solutions of your organization.
What you should achieve:
The use of the Pain Sheet® with the 9 Block Vision Processing Model® will help bring the buyer to a vision of how he /
she will be able to address their critical business issue (pain) as well as quantify the value to them and understand the
impact their pain has across the organization.
Input Required:
To build a Pain Sheet® you will need understanding of potential Sponsor / Power Sponsor (likely) pains as well as
associated reasons. Situational knowledge of how the capabilities of your product can address the client’s business
initiatives and in turn solve their critical issues. A knowledge of your offering’s differentiators will be useful.
© Solution Selling, Inc. • 2008  PAGE 75
www.solutionselling.com
Exercise: Develop a Pain Sheet®
Purpose:
 To develop a Pain Sheet® that would used by a sales professional to diagnose an admitted
business issue of a likely Sponsor –level buyer.
 To help assist the sales professional is addressing a business pain and articulate the differentiated
value that his/her offering can provide
Activities:
 Based on the differentiated capabilities that have already been articulated:
 Restate them in a “when, who, what” format focusing on how the client would be able to use the
capabilities in the future
 Align the capabilities with the reasons they would address
 Be sure to include other key players affected by the pain in the impact column
 Add “drill down” questions to the reasons on the Pain Sheet® to help quantify diagnosis
Notes:
 Ensure reasons are contributors to the (likely) pain of the Sponsor
© Solution Selling, Inc. • 2008  PAGE 76
www.solutionselling.com
Pain Sheet® - Situational Fluency Prompter®: Template
Pain:
Job Title & Industry:
Offering:
Loss of business and profits
Owner, Manufacturing
Market Diversification
REASONS IMPACT CAPABILITIES
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
A You rely too much on one shrinking
customer
What’s the annual sales to this main customer? ($3M)
What has the sales trend been over the last year?
(Decreased 15%)
So if my math is correct, you need to replace at least
$345k to make up for the loss.
How many new leads have been generated to replace
lost business? (Two)
What was the value of the two new customers?
($150K)
So if my math is correct, that leaves a gap of $195k
On a scale of 1 to 10, how confident are you that you
can fill that gap? (2. In other words, we can probably
get 20% using current resources)
If you had (repeat capability), how much of that $156k
(80% of the $195k) could you get? (100%)
A When:
Who:
What:
Looking for new
customers
you
could quickly and
easily identify and
qualify potential new
prospects?
B Lack of pricing power and declining
profits
Have your profit margins declined over the last two
years? How much? (5% per year, now making only
6%)
Have you ever investigated other higher profit markets
to sell into? (Yes, we tried with no results)
What were the revenue and margin expectations in
those markets? (6 new customers with 15% margins)
So if my math is correct, that represents $450k in
revenue, with almost $68k in profits. (Yes)
If you had (repeat capability), how much of that $450k
could you get? (Maybe 30%)
B When:
Who:
What:
Selling your product
You
Had data to help
choose target market
segments with higher
profit potential?
© Solution Selling, Inc. • 2008  PAGE 77
www.solutionselling.com
Pain Sheet® - Situational Fluency Prompter®: Template
Pain:
Job Title & Industry:
Offering:
Lack of Resources to Attract New Customers
Owner, Manufacturing
Market Diversification
REASONS IMPACT CAPABILITIES
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
A No dedicated sales or marketing staff
Who does your sales and marketing now? Me
How much time do you dedicate to sales and
marketing efforts?
What are the types of marketing activities that you do?
How do you measure the success of those activities?
Do you have anyone that could dedicate 4 hours per
week to new marketing efforts?
A When:
Who:
What:
Looking for new
prospects
you
Could use current staff
more effectively with an
established process?
B Ineffective website
Do you receive leads from your website?
How many of those leads result in a sale?
Do you track the visitor traffic to your website?
B When:
Who:
What:
Looking for a new
supplier
Your prospective
customer
could more easily find
your company instead
of your competitors
C Lack of communication tools C When:
Who:
What:
© Solution Selling, Inc. • 2008  PAGE 78
www.solutionselling.com
Pain Sheet® - Situational Fluency Prompter®: Template
Pain:
Job Title & Industry:
Offering:
REASONS IMPACT CAPABILITIES
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
A XXX
aaa
A When:
Who:
What:
B B When:
Who:
What:
C XXX C When:
Who:
What:
D YYY D When:
Who:
What:
© Solution Selling, Inc. • 2008  PAGE 79
www.solutionselling.com
Gaining Access to Power
A Second Vision Processing Conversation
Power Sponsor
Pain
Reason A
Reason B
Reason C
Sponsor
Pain
Reason A
Reason B
Reason C
I2 C2
RI
R2
I1 C1
R3 I3 C3
I2 C2
RI
R2
I1 C1
R3 I3 C3
© Solution Selling, Inc. • 2008  PAGE 80
www.solutionselling.com
Pain Sheet™ - Situational Fluency Prompter®: Example
Pain:
Job Title & Industry:
Offering:
Lost orders (Size-up pain- What is the $ revenue value of lost orders? ( )
VP Manufacturing
Kiazen Events
REASONS (R2) IMPACT (I2) CAPABILITIES (C2)
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
A You are missing on time deliveries
Your Production Manager believes it is possible to
recapture a little over $1Million related to missing
on time deliveries.
Do you agree? (Yes)
• loss of (or threat of losing)
customers?
• declining profits?
• poor cash flow?
Is the President/Owner
impacted?
A When:
Who:
What:
When
Who:
What
When
Who:
What
When
Who:
What
equipment is not operating
within spec (i.e. temp, lube,
filters, etc.)
your machine operator
could apply minor
preventive maintenance or
notify a technician so that
proper maintenance can be
optimally scheduled set ups
are required
set ups are required
your set up team
could apply time saving
techniques, have easy
access to required tools,
and follow standard
procedures so that set up
time is reduced
raw materials are
approaching predetermined
minimal levels
your line workers
could have inventory
replenished automatically
and before outage occur and
production stops
AND
product mix changes occur
your production team
could quickly analyze line
balance, identify
bottlenecks, and reallocate
resources to improve flow
© Solution Selling, Inc. • 2008  PAGE 81
www.solutionselling.com
Pain Sheet™ - Situational Fluency Prompter®: Example
Pain:
Job Title & Industry:
Offering:
Lost orders (Size-up pain- What is the $ revenue value of lost orders)
VP Manufacturing
Quality, Solution Selling
REASONS (R2) IMPACT (I2) CAPABILITIES (C2)
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
B you are not able to meet potential
customers quality requirements?
How many opportunities were lost over the past
12 months? (5)
What was the potential sales volume of those
opportunities? ($800,000)
What is the quality standard that is mostly
commonly requested ? (ISO9000)
If you were ISO 9000 Registered, how much of
that $800,000 would have hit the sale line? (At
least 50% or $400,000)
• loss of (or threat of losing)
customers?
• declining profits?
• poor cash flow?
Is the President/Owner
impacted?
B When
Who:
What:
potential customers require
proof of quality
you sales team
could offer your status as an
ISO 9000 registered
company as proof that your
organization adheres to the
rigors of an internationally
recognized quality standard
C you are not competitive on short-run
jobs?
How many short-run opportunities did you bid
during the past year? (15)
How many were accepted? (0)
How many opportunities were not bid on? (60)
What would you estimate the revenue value of
these 75 opportunities? ($1.5M)
What % of these opportunities could you have
won if you were more competitive on short-runs?
(60%)
If you could pass on cost savings from efficiency
and productivity gains, how much of that
$900,000 would have hit the sales line? (At least
1/3 or $300,000)
C When
Who:
What:
bidding on short-run jobs
your sales team
could pass on cost savings
realized with improved
efficiencies and increased
productivity
D D
© Solution Selling, Inc. • 2008  PAGE 82
www.solutionselling.com
Exercise: Develop a Pain Sheet® for a Power Sponsor
Purpose:
 To develop a Pain Sheet® that would used by a sales professional to diagnose an admitted
business issue of a likely Power Sponsor –level buyer.
 To help assist the sales professional is addressing a business pain and articulate the differentiated
value that his/her offering can provide
Activities:
 Based on the differentiated capabilities that have already been articulated:
 Restate them in a “when, who, what” format focusing on how the client would be able to use the
capabilities in the future
 Align the capabilities with the reasons they would address
 Be sure to include other key players affected by the pain in the impact column
 Add “drill down” questions to the reasons on the Pain Sheet® to help quantify diagnosis
Notes:
 Ensure reasons are contributors to the (likely) pain of the Power Sponsor
© Solution Selling, Inc. • 2008  PAGE 83
www.solutionselling.com
Pain Sheet® - Situational Fluency Prompter®: Template
Pain:
Job Title & Industry:
Offering:
REASONS IMPACT CAPABILITIES
Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…?
A A When:
Who:
What:
B B When:
Who:
What:
C C When:
Who:
What:
D D When:
Who:
What:
© Solution Selling, Inc. • 2008  PAGE 84
www.solutionselling.com
Draft Evaluation Plan: Example
Attachment to Power Sponsor Letter / e-mail
[DRAFT]
Event Week of √ Responsible
Go/No
Go
Billable
Phone interview John Watkins (CIO) Feb 14 Us/TGI
Phone interview Donna Moore (COO) Feb 14 Us/TGI
Summarize findings to management team
and agree to evaluation plan
Feb 21 Us/TGI *
Prove capabilities to management team Feb 28 Us *
Perform detailed survey of current systems (2 days) March 4 Us yes
Present preliminary solution/design March 11 Us *
Implementation plan approval by IT department March 18 TGI *
Determine / present value justification March 18 Us/TGI *
Agree on preliminary success criteria March 18 Us/TGI
Send our license agreement to legal March 18 Us
Gain legal approval (Terms & Conditions) April 4 TGI *
Visit Corporate HQ April 11 Us
Pre-proposal review meeting April 18 Us
Present proposal for approval April 25 Us *
Transition kickoff & finalize success criteria May 10 Us/TGI
Measure success criteria Ongoing TGI
* Mutual decision to proceed
© Solution Selling, Inc. • 2008  PAGE 85
www.solutionselling.com
Job Aid Description
Evaluation Plan
Overview:
The Evaluation Plan is a key job aid used in conjunction with the Power Sponsor Letter. It outlines the suggested steps
that should be followed during the rest of the sales process.
Where / How used:
The Evaluation Plan combines events that the seller wants to achieve with the events that the client wants to achieve.
The client will “buy into” an Evaluation Plan as soon as he / she starts to change it. Dates are assigned to each event
with the thought of closing the sale on an agreed upon date. This helps the seller shorten sales cycles and enhances
forecasting abilities.
What you should achieve:
The Evaluation Plan should help the seller maintain control of the buying process by documenting all events that will
take place during the course of the sale and the order in which those events will take place. By managing this plan with
a client, the seller can feel secure about when resources will be needed and the hurdles to overcome leading to closure
of the sale. Also highlighting some of the important events as “go / no go” points gives both parties the opportunity to
“disengage” from the opportunity if it does not benefit them.
Input required:
To create the Evaluation Plan, the Job Aid Build team will need knowledge of the events included in a entire sale
process, whether or not the events should be billable (i.e. proof steps that incur hard cost), the potential cost alternative
events to those the client may request, the time involved in presenting or demonstrating each event as it relates to the
specific offering being “sold” and the typical length of the sale cycle for that offering.
© Solution Selling, Inc. • 2008  PAGE 86
www.solutionselling.com
Exercise: Create a Sample Evaluation Plan
Purpose:
 To create an Evaluation Plan as an example to help the seller communicate the steps necessary
to provide all relevant proof steps and move the opportunity to closure while helping create a
sense of ownership of the plan for the buyer
Activities:
 Create an example Evaluation Plan that could be executed with the Power Sponsor to lead to the
closure of the sales cycle
 Include typical proof steps required by the Power Sponsor to evaluate the chosen solution
 Include any type of legal, technical, or administrative reviews that may be necessary
 Be sure to think through the key Evaluation Plan components (date and sequence of events, go/no
go steps, resources needed, which events are billable, etc.)
Notes:
 Ensure this does not become an internal “to-do” list but requires action on the part of the prospect
organization
© Solution Selling, Inc. • 2008  PAGE 87
www.solutionselling.com
Draft Evaluation Plan: Template
[DRAFT]
Event Week of √ Responsible
Go/No
Go
Billable
* Mutual decision to proceed
© Solution Selling, Inc. • 2008  PAGE 88
www.solutionselling.com
Three Sales within a Sale
LINE OF BUSINESS SALE
Operational Vision
“What capabilities do we need to
meet our business goals?”
TRANSITION SALE
Transition / Implementation
Vision
“How do we get from where we
are today to where the Line Vice
Presidents want to be?”
FINANCIAL SALE
Operational Vision
+
Transition / Implementation
Vision
“What is the overall value to the
organization?”
© Solution Selling, Inc. • 2008  PAGE 89
www.solutionselling.com
Draft Evaluation Plan: Example
Attachment to Power Sponsor Letter / e-mail
[DRAFT]
Event Week of √ Responsible
Go/No
Go
Billable
Phone interview John Watkins (CIO) Feb 14 Us/TGI
Phone interview Donna Moore (COO) Feb 14 Us/TGI
Summarize findings to management team
and agree to evaluation plan
Feb 21 Us/TGI *
Prove capabilities to management team Feb 28 Us *
Perform detailed survey of current systems (2 days) March 4 Us yes
Present preliminary solution/design March 11 Us *
Implementation plan approval by IT department March 18 TGI *
Determine / present value justification March 18 Us/TGI *
Agree on preliminary success criteria March 18 Us/TGI
Send our license agreement to legal March 18 Us
Gain legal approval (Terms & Conditions) April 4 TGI *
Visit Corporate HQ April 11 Us
Pre-proposal review meeting April 18 Us
Present proposal for approval April 25 Us *
Transition kickoff & finalize success criteria May 10 Us/TGI
Measure success criteria Ongoing TGI
* Mutual decision to proceed
© Solution Selling, Inc. • 2008  PAGE 90
www.solutionselling.com
The Transition Sale: Transition Issues & Capabilities - Example
Executives, Users and Beneficiaries
Susan Brown – CEO, Jim Smith – VP Finance,
Steve Jones – VP Sales & Marketing and Donna Moore - COO
Person responsible for implementation of
needed operational capabilities
Name and Title: John Watkins – CIO
Transition Issue: Delays implementing e-commerce application on schedule
REASONS OUR TRANSITION CAPABILITIES
A. Technical staff lacks time and
resources to devote to a new system
A. One week after agreement to proceed,
our programmers will begin
customizing the e-commerce
application while supervised by your
staff
B. Available packages don’t integrate
with existing applications
B. 60 days prior to cut-over, our
consultants will guide your
programmers to create interfaces with
existing applications
C. Limited training resources C. Two weeks prior to cut-over, one of
our business partners could be
contracted for salesperson training so
your IT staff could concentrate on
integrating the application
© Solution Selling, Inc. • 2008  PAGE 91
www.solutionselling.com
Job Aid Description
(Documentation of) Transition Issues and Capabilities
Overview:
A document that outlines the primary issues as well as the associated reasons, of the person within the client
organization tasked with implementing the seller’s product / service. It also presents the seller’s capabilities that
correspond with the reasons for the primary issue.
Where / How used:
Transition issues normally come up when trying to convince the person tasked with implementation to implement a
potential solution that the lines of business needs to solve their business problems. They usually center around the
fact that although they are interested in helping the business, he / she (responsible for implementation) doesn’t see
how they can make it happen given their challenges which usually revolve around an extensive list of tasks already in
place and/or deficiencies in staff and/or skills.
What you should achieve:
This provides another opportunity for the seller to create a transition vision with the buyer. You should also have an aid
that helps minimize the risk associated with implementing the line-of-business capabilities.
Input Required:
To “document” the Transition Issues & Capabilities you will need an understanding of the buyers potential concerns
with the implementation as well as the steps the implementation team will need to take in order to ensure a successful
implementation into the buyer’s organization. A knowledge of your company’s services may be useful.
© Solution Selling, Inc. • 2008  PAGE 92
www.solutionselling.com
Exercise: Identify Transition Issues and Capabilities
Purpose:
 Identify potential transition issues that could be roadblocks for closing the opportunity so that
sellers can anticipate them and use them as the basis for a diagnostic conversation with one
responsible for implementation
Activities:
 Describe at least two reasons why someone in the buying organization (for your opportunity) might
face a technical / transition issue when implementing the operational capabilities.
 Describe the corresponding capabilities (services) that could resolve the reasons for the transition
issue
Note:
 This framework can be leveraged to create a Transition Issues Pain Sheet®
© Solution Selling, Inc. • 2008  PAGE 93
www.solutionselling.com
Transition Issues & Capabilities Worksheet
Executives, Users and Beneficiaries
•
•
•
Person responsible for implementation of
needed operational capabilities
Name and Title:
Transition Issue:
REASONS OUR TRANSITION CAPABILITIES
A. A.
B. B.
C. C.
© Solution Selling, Inc. • 2008  PAGE 94
www.solutionselling.com
Three Sales within a Sale
LINE OF BUSINESS SALE
Operational Vision
“What capabilities do we need to
meet our business goals?”
TRANSITION SALE
Transition / Implementation
Vision
“How do we get from where we
are today to where the Line Vice
Presidents want to be?”
FINANCIAL SALE
Operational Vision
+
Transition / Implementation
Vision
“What is the overall value to the
organization?”
© Solution Selling, Inc. • 2008  PAGE 95
www.solutionselling.com
Draft Evaluation Plan: Example
Attachment to Power Sponsor Letter / e-mail
[DRAFT]
Event Week of √ Responsible
Go/No
Go
Billable
Phone interview John Watkins (CIO) Feb 14 Us/TGI
Phone interview Donna Moore (COO) Feb 14 Us/TGI
Summarize findings to management team
and agree to evaluation plan
Feb 21 Us/TGI *
Prove capabilities to management team Feb 28 Us *
Perform detailed survey of current systems (2 days) March 4 Us yes
Present preliminary solution/design March 11 Us *
Implementation plan approval by IT department March 18 TGI *
Determine / present value justification March 18 Us/TGI *
Agree on preliminary success criteria March 18 Us/TGI
Send our license agreement to legal March 18 Us
Gain legal approval (Terms & Conditions) April 4 TGI *
Visit Corporate HQ April 11 Us
Pre-proposal review meeting April 18 Us
Present proposal for approval April 25 Us *
Transition kickoff & finalize success criteria May 10 Us/TGI
Measure success criteria Ongoing TGI
* Mutual decision to proceed
© Solution Selling, Inc. • 2008  PAGE 96
www.solutionselling.com
Value Analysis
Total Benefits (ABC Manufacturing Example)
Increased PROFITS from additional sales REVENUE
 Retained annual sales revenues resulting from reduced defects $500K (1)
 New annual sales revenue resulting from improved throughput $500K (1)
 Profit margin is 32% (1)
$1M sales revenue
increase
X 0.32 (profit margin)
= $320K
profit increase
Reduced COSTS
Reduced COSTS
 Rework (1)
Avoided COSTS
 Recruiting and new hire training costs (2)
= $560,000 cost decrease
= $100,000 cost avoided
INTANGIBLES
 Improved morale by the sales staff (1)(3)
 Increased throughput for greater capacity (1)
 Improved cash flow (2)
(1) VP Operations (2) Controller (3) HR Manager
© Solution Selling, Inc. • 2008  PAGE 97
www.solutionselling.com
Value Analysis
Total Investment (ABC Manufacturing Example)
One time INVESTMENT
 Professional (1)
• $10K in Q2, $25K in Q3, 15K in Q4
$50,000
(1) Selling Organization
© Solution Selling, Inc. • 2008  PAGE 98
www.solutionselling.com
Value Analysis
ABC Manufacturing Example Phased over time (in 000s)
Q1 Q2 Q3 Q4
BENEFITS
Increased profits (1) 0 0 200 120
Reduced costs (1) 0 60 200 300
Avoided costs (2) 0 10 45 45
Quarterly total 0 70 445 465
Cumulative value 0 70 515 980
INVESTMENTS
One time investment 0 10 25 15
Cumulative investment 0 10 35 50
NET VALUE
Quarterly total 0 60 420 450
Cumulative total 0 60 480 930
(1) VP Operations
(2) Controller
1st year net return: $930,000
Breakeven point: 2th quarter
ROI: 19.6X
© Solution Selling, Inc. • 2008  PAGE 99
www.solutionselling.com
Sales Tool Description
Value Analysis / Value Justification
Overview:
The Value Analysis / Value Justification Model is used to document the projected benefits (revenue increase and cost
decrease) associated with the used of the seller’s product / service after implementation. The cost or investment of the
overall offering (“solution”) should be documented as well (including maintenance and services).
Where / How used:
The Value Analysis / Value Justification Model is used early in phase II of the sale (as the prospect is evaluating
alternatives). It is used to present a detailed breakdown of the potential costs decreases and revenue increases within
the buyer’s organization associated with the implementation of the seller’s product and services. This job aid enables a
seller to present the value of their offering in relation to presenting the costs in terms of an investment. The strength in
using this model is that the numbers for the analysis come from the prospect. This financial data is derived from the
seller’s conversation with the buyer(s) during the vision processing conversation(s).
What you should achieve:
Using the Value Analysis / Value Justification Model will help sellers be able to project the “return on investment (%)”,
the First Year Net Return ($), and the Breakeven Point (Qtr) using the numbers provided by the prospect. Note: Be
careful using the term “ROI” vs. “Value Analysis” since most clients have different definitions and parameters around
the phrase “ROI”.
Input Required:
Completion of the model requires the cost / customer investment of the entire project, projected increased revenue and
decreased costs associated with the use of the implemented offering, and the return over a specific time period.
© Solution Selling, Inc. • 2008  PAGE 100
www.solutionselling.com
Exercise: Create a Sample Value Analysis
Purpose:
 Create a draft of an example Value Analysis / Value Justification (spreadsheet) formulating the
information that would be uncovered during the diagnostic conversations (vision processing)
Activities:
 Prepare a Value Analysis / Value Justification that demonstrates how the projected benefits of
your capabilities compare against the investment to be made on the part of the customer
Notes:
 You may want to describe the individual benefits (increase profit from increased revenue,
reduced cost and avoided costs) and investments (one-time and on-going) on separate pages
and then have the final page show the comparative analysis in the form of a spreadsheet
 Regarding expected benefits, consider the ramp up time associated with implementing and fully
utilizing capabilities
© Solution Selling, Inc. • 2008  PAGE 101
www.solutionselling.com
Value Analysis: Benefits
Increased PROFITS from additional sales REVENUE






Reduced COSTS
Reduced COSTS



Avoided COSTS



INTANGIBLES



(1)
(2)
(3)
(4)
© Solution Selling, Inc. • 2008  PAGE 102
www.solutionselling.com
Value Analysis: Investment
One time INVESTMENT




On-going INVESTMENT




(1)
(2)
(3)
(4)
© Solution Selling, Inc. • 2008  PAGE 103
www.solutionselling.com
Value Analysis (Comparison)
Phased over time (in 000s)
Q1 Q2 Q3 Q4
BENEFITS
Increased profits
Reduced costs
Avoided costs
Quarterly total
Cumulative value
INVESTMENTS
One time investment
On-going investment
Quarterly total
Cumulative investment
NET VALUE
Quarterly total
Cumulative total
1st year net return: $ _____________
Breakeven point: Quarter _____
ROI (first year): _________%
© Solution Selling, Inc. • 2008  PAGE 104
www.solutionselling.com
Draft Evaluation Plan: Example
Attachment to Power Sponsor Letter / e-mail
[DRAFT]
Event Week of √ Responsible
Go/No
Go
Billable
Phone interview John Watkins (CIO) Feb 14 Us/TGI
Phone interview Donna Moore (COO) Feb 14 Us/TGI
Summarize findings to management team
and agree to evaluation plan
Feb 21 Us/TGI *
Prove capabilities to management team Feb 28 Us *
Perform detailed survey of current systems (2 days) March 4 Us yes
Present preliminary solution/design March 11 Us *
Implementation plan approval by IT department March 18 TGI *
Determine / present value justification March 18 Us/TGI *
Agree on preliminary success criteria March 18 Us/TGI
Send our license agreement to legal March 18 Us
Gain legal approval (Terms & Conditions) April 4 TGI *
Visit Corporate HQ April 11 Us
Pre-proposal review meeting April 18 Us
Present proposal for approval April 25 Us *
Transition kickoff & finalize success criteria May 10 Us/TGI
Measure success criteria Ongoing TGI
* Mutual decision to proceed
© Solution Selling, Inc. • 2008  PAGE 105
www.solutionselling.com
Success Criteria: Leveraging Success
Criteria Baseline Q1 Q2 Q3 Q4
I2 C2
RI
R2
I1 C1
R3 I3 C3
Reference Story
Situation:
Critical issue:
Reasons:
Capabilities:
We provided:
Results:
Business Development Prompter: New Opportunity
This is __________ (salesperson name) with __________ (your company). You and I
haven’t spoken before, but we have been working with __________ (specific industry)
organizations for the last ___ (#) years. A common trend we are hearing lately from other
__________ (job title) is their frustration (difficulty) with _______________ (job title’s likely
critical issue / pain) [resulting from ______ (articulate common reasons)]. We have been
able to help our customers address this issue. Would you like to know how?
© Solution Selling, Inc. • 2008  PAGE 106
www.solutionselling.com
Sales Tool Description
Success Criteria
Overview:
Measuring Success Criteria helps track the effectiveness of implementation.
Where / How used:
Establishing what criteria will be measured should be done with the Power Sponsor. The measurement of realized
value compared to projected value is post sale activity.
What you should achieve:
Success Criteria tracks information that can be used to open new sales opportunities within an existing customer,
provide guidelines for maintaining a strong customer relationship, and also provide quantifiable results that can be used
in future Reference Stories. A major benefit of setting the criteria to be measured with the prospect is that is helps to
reduce the risk the prospect starts to feel as they began to see themselves implementing the seller’s offering. Note:
Risk is a dire concern to a buyer at this phase in their buying process.
Input Required:
To create the Success Criteria, actual customer results are required. In order to complete the template, specific,
measurable elements of the Value Analysis / ROI that the seller’s products / services have influence over must be
determined with the prospect. You also must determine the length of time to be engaged with the client in this activity.
Note: Make sure that the criteria (when measured) can be attributed to your offerings. E.g. Often times stock price is a
not a good element to track because too many things affect its value outside of your control.
© Solution Selling, Inc. • 2008  PAGE 107
www.solutionselling.com
Exercise: Create Sample Success Criteria
Purpose:
 To create a sample list of Success Criteria that your sellers could use as a starting point for
recommendation
Activities:
 List some of the Success Criteria that would me measured after implementation (i.e. those things
that will change in the business as a result of implementing your offering)
 Establish a baseline metric that would demonstrate that the seller should work with the buyer to
agree on baseline metrics by which to measure against
Note:
 Ensure the items listed are controllable by the capabilities of your offering. Be cautious of using
items that could be affected by numerous outside variables
© Solution Selling, Inc. • 2008  PAGE 108
www.solutionselling.com
Success Criteria Template
Criteria Baseline Q1 Q2 Q3 Q4
(1)
(2)
(3)
(4)
© Solution Selling, Inc. • 2008  PAGE 109
www.solutionselling.com
Negotiating
 Knowledge is power
 Plan before you begin
 Is it closeable during this meeting?
 Know what you will accept
 Know what you are willing to give
 Seek to understand the true interests underlying buying positions taken
 Give reluctantly and slowly (if necessary)
 Withstand up to three “squeezes” by the buyer
 Don’t give without getting
 Be willing to walk away today
 Salesperson must overcome emotional hurdle first
 Buyer must believe he/she is getting the best price
 Use a mutual win approach
 If less than 100% of quota, do not negotiate alone
© Solution Selling, Inc. • 2008  PAGE 110
www.solutionselling.com
Negotiating Worksheet: Example
Is it closeable today?  Power to buy?
 Payback agreed to? VP Finance
 L/T/A approvals? VP Finance
 Plan completed?
 Known cost since: 4 months
Stand 1
(Plan):
“Our published plan shows an implementation starting on Monday. Is this issue worth the
delay?”
Stand 2
(Value):
“When we calculated the payback, you told me that even with all of the costs included the
return was higher than you expected and the project would pay for itself in 10 months.”
Stand 3
(Pain):
“The reasons we have spend the last four months together is because you are not meeting
your new account revenue targets. That issue is not going to go away until you gain these
new capabilities.”
Salesperson: “The only way I could do something for you is if you could do something for me.”
Buyer (should ask): “Like what?”
GET
“Is it possible for you to… move phases I and II together and take delivery of the hardware
shipment this quarter? Is that possible?”
If the buyer indicates a concession, present your “give”
GIVE
“If you can… move phases I and II together, then we are prepared to offer __________
which is worth $__________. Can we go forward on that basis?”
© Solution Selling, Inc. • 2008  PAGE 111
www.solutionselling.com
Sales Tool Description
Negotiating Worksheet
Overview:
The Negotiating Worksheet is used as a pre-negotiation preparation tool. It helps you resist requests for concessions
likely to be made by the buyer.
Where / How used:
The Negotiating Worksheet should be completed prior to discussions to finalize the terms of the sale. It provides
guidelines to making stands against buyer concessions. The stands should be based on logical information you
developed during the buying process. Key “stands” may include (in no particular order of importance):
1. Pain Stand – recall the buyer’s pain driving the opportunity
2. Vision Stand – recall the vision established to address the critical business issue
3. Value Stand – recall the quantifiable value associated with addressing the pain
4. Plan Stand – recall the Evaluation Plan indicating the timeline to realize benefits
What you should achieve:
Reduced stress by minimizing the pressure on you to discount price or give in on terms
Higher margins
Fewer concessions
Improved negotiations
Better business terms and conditions
Input required:
To create the Negotiating Worksheet, pain must have been uncovered, a buying vision created, a Value Justification
Model completed, and an Evaluation Plan with a planned implementation date agreed upon.
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
Solution Selling Principles Primer Content
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Solution Selling Principles Primer Content

  • 1. © Solution Selling, Inc. 2008 Sales Tool Build Workshop
  • 2. © Solution Selling, Inc. • 2008  PAGE 1 www.solutionselling.com Credit, Copyright, and Contact Information Trademark Notice: The following trademarks and service marks are owned by Sales Performance Holding Company (DBA: Solution Selling, Inc.) and licensed by Sales Performance International, LLC. Any questions concerning the use of these trademarks or whether a name that does not appear on this list is in fact a trademark of Solution Selling, Inc. or comments concerning this manual, workshop or presentation should be referred to Sales Performance International, LLC in the United States at the following address: 4720 Piedmont Row Drive, Suite 400 Charlotte, North Carolina 28210 USA Phone: 704.227.6500 FAX 704.364.8114 Solution Selling® and Situational Fluency Prompter®, Pain Sheets®, 9 Block Vision Processing Model® and Pain Chains® are registered trademarks and service marks of Solution Selling, Inc. All other referenced marks are those of their respective owners. Copyright Notice: This manual is a copyrighted work of Solution Selling, Inc. This manual may not be reproduced in whole or in part without the prior written consent of Solution Selling, Inc. Additionally, Sales Management and Coaching, Targeted Territory Selling, Major Account Selling, Strategic Opportunity Selling, and Executive-Level Selling are copyrighted materials of Solution Selling, Inc. © Solution Selling, Inc. • 1985 - 2008
  • 3. © Solution Selling, Inc. • 2008  PAGE 2 www.solutionselling.com MMTC Sales Process Map: (Draft 9/16/09) Close IM Analyze Develop Prove Negotiate Plan Implement What HELP is available? Define needs/wants & requirements Evaluate options Select solutions and evaluate risk Resolve issues and finalize contracts Implement and evaluate success  Get necessary documents signed  Identify potential beneficiary  Establish trust and credibility  Stimulate interest  Identify perceived pain  Conduct plant tour  Confirm and prioritize pain  Confirm dialogue and agree upon next steps  Diagnose admitted pain of Sponsor  Create or reengineer vision for sponsor  Gain agreement to explore further  Negotiate access to power  Confirm dialogue and agree upon next steps  Diagnose admit- ted pain of Power  Create or reengineer vision for power sponsor  Gain agreement to explore further  Determine evaluation criteria  Propose a plan of next steps  Confirm dialogue and agree upon plan of next steps  Begin execution of next steps  Present preliminary solution  Prove capabilities (Oper, Trans, Fin)  Conduct review of proposal  Issue proposal  Ask for the business  Receive verbal approval  Prepare for final negotiations  Reach final agreement  Conduct territory / account and/or opportunity planning  Identify potential opportunity  Conduct pre-call planning and research  Participation and follow-up of Learn About & Seminars  Develop Partner Relationships  Lead Follow-up  Implement solution  Complete implementation approach  Measure success criteria  Identify potential new opportunities  Obtain referrals  Documents signed  Lead Letter agreed upon  Sponsor Letter agreed upon  Evaluation Plan modified or agreed upon  Verbal approval received  Ts and Cs agreed upon  Territory / Acct / Opportunity Plan developed  Evaluations & Lead Tracking 90% 10% 25% 50% 75% 100% S.A. Prompter Value Proposition Reference Story Bus. Dev. Letter Bus. Dev. Prompter Waste Walk Trans. Planner/BPS 9 Block Model® Pain Sheet® S. A. Prompter Sponsor Letter Trans. Planner/BPS 9 Block Model® Pain Sheet® S. A. Prompter Power S. Letter Evaluation Plan Evaluation Plan Transition Letter Implement. Plan Value Analysis Success Criteria /A3 Negotiating Worksheet Get-Give List T/A/O Plan Account Profile Pain Chain® Key Players List Implementation Plan Success Criteria A3 Reference Story Post project debrief Plan Execute Implement  Sales  Sales mgt.  Sales support  Sales  Pre-sales  Marketing  Sales  Pre-sales  Sales mgt.  Subj Expert  Sales  Pre-sales  Sales mgt.  Subj Expert  Sales  Pre-sales  Sales mgt.  Subj Expert  Sales  Sales mgt.  Sales  Sales mgt.  Sales support  Services  Sales Sales Process Steps Sales Process Activities Verifiable Outcomes Roles (examples) Sales Tools Sales Management System  Implementation Plan completed Buying Process
  • 4. © Solution Selling, Inc. • 2008  PAGE 3 www.solutionselling.com Defensible Differentiators: Template Differentiator Pain Linkage Defensibility
  • 5. © Solution Selling, Inc. • 2008  PAGE 4 www.solutionselling.com Core Capabilities: Template Core Capabilities Pain Linkage Key Selling Points
  • 6. © Solution Selling, Inc. • 2008  PAGE 5 www.solutionselling.com 10 10 0 VALUE U N I Q U E N E S S Differentiation Grading Chart Cool, Nice to have Differentiators Core/ Commodity Junk
  • 7. © Solution Selling, Inc. • 2008  PAGE 6 www.solutionselling.com Solution Messaging Card: Definitions Pain  One of the core pains Reasons for Pain  Contributing factors or causes to the pain Organization Impact  Additional critical issues that could happen as a result of the pain not being addressed  Could be personal or organizational impact Trend Relevance  Additional talking points around this pain that are happening in the marketplace  Could find information related to industry or issue specifically through 3rd party research  Trends will be used to help improve messaging and enable sales to establish creditability through increased situational knowledge  Ensures empathy for the customer and their situation Capabilities  What the customer must do to address the pain and reasons  Should be stated as “ability to” in non-solution and company specific way  Should link to core capabilities and defensible differentiation Solution Linkage  Name of solution and/ or components that address the pain Differentiators  Specific differentiators components included in the solution Metrics / Proof of Value  Specific points of measure/ KPI’s that will be impacted after solution is implemented Key Players  Roles within the organization who typically experience this specific pain Case Studies  Example case studies of where this pain was solved for another customer
  • 8. © Solution Selling, Inc. • 2008  PAGE 7 www.solutionselling.com The Training Application Breakdown 100% 100% <10% ~30% ~30% Training / HR Focus Sales Ops Focus Training Business Results THE GAP TOOLS PLAY MAJOR ROLE IN CLOSING THE APPLICATION GAP
  • 9. © Solution Selling, Inc. • 2008  PAGE 8 www.solutionselling.com Three Key Audiences that Benefit THOSE WHO BUILD THOSE WHO USE SALES TOOLS THOSE WHO INSPECT Sales Management Educate on usage, role in opportunity management (inspection) and coaching Sales Professionals Educate on when and how to use them and which ones to use Marketing, Delivery and Sales Professionals Focus on supporting sales by building sales tools (interim and going forward)
  • 10. © Solution Selling, Inc. • 2008  PAGE 9 www.solutionselling.com MMTC Sales Process Map: (Draft 9/16/09) Close IM Analyze Develop Prove Negotiate Plan Implement What HELP is available? Define needs/wants & requirements Evaluate options Select solutions and evaluate risk Resolve issues and finalize contracts Implement and evaluate success  Get necessary documents signed  Identify potential beneficiary  Establish trust and credibility  Stimulate interest  Identify perceived pain  Conduct plant tour  Confirm and prioritize pain  Confirm dialogue and agree upon next steps  Diagnose admitted pain of Sponsor  Create or reengineer vision for sponsor  Gain agreement to explore further  Negotiate access to power  Confirm dialogue and agree upon next steps  Diagnose admit- ted pain of Power  Create or reengineer vision for power sponsor  Gain agreement to explore further  Determine evaluation criteria  Propose a plan of next steps  Confirm dialogue and agree upon plan of next steps  Begin execution of next steps  Present preliminary solution  Prove capabilities (Oper, Trans, Fin)  Conduct review of proposal  Issue proposal  Ask for the business  Receive verbal approval  Prepare for final negotiations  Reach final agreement  Conduct territory / account and/or opportunity planning  Identify potential opportunity  Conduct pre-call planning and research  Participation and follow-up of Learn About & Seminars  Develop Partner Relationships  Lead Follow-up  Implement solution  Complete implementation approach  Measure success criteria  Identify potential new opportunities  Obtain referrals  Documents signed  Lead Letter agreed upon  Sponsor Letter agreed upon  Evaluation Plan modified or agreed upon  Verbal approval received  Ts and Cs agreed upon  Territory / Acct / Opportunity Plan developed  Evaluations & Lead Tracking 90% 10% 25% 50% 75% 100% S.A. Prompter Value Proposition Reference Story Bus. Dev. Letter Bus. Dev. Prompter Waste Walk Trans. Planner/BPS 9 Block Model® Pain Sheet® S. A. Prompter Sponsor Letter Trans. Planner/BPS 9 Block Model® Pain Sheet® S. A. Prompter Power S. Letter Evaluation Plan Evaluation Plan Transition Letter Implement. Plan Value Analysis Success Criteria /A3 Negotiating Worksheet Get-Give List T/A/O Plan Account Profile Pain Chain® Key Players List Implementation Plan Success Criteria A3 Reference Story Post project debrief Plan Execute Implement  Sales  Sales mgt.  Sales support  Sales  Pre-sales  Marketing  Sales  Pre-sales  Sales mgt.  Subj Expert  Sales  Pre-sales  Sales mgt.  Subj Expert  Sales  Pre-sales  Sales mgt.  Subj Expert  Sales  Sales mgt.  Sales  Sales mgt.  Sales support  Services  Sales Sales Process Steps Sales Process Activities Verifiable Outcomes Roles (examples) Sales Tools Sales Management System  Implementation Plan completed Buying Process
  • 11. © Solution Selling, Inc. • 2008  PAGE 10 www.solutionselling.com Plan IM Analyze & Develop Prove Finalize and Close Implement Sales Process with Sales Tool and Verifiable Outcomes Emphasis  Account Profile  Key Players List  Messaging Cards  Pain Chain®  Value Proposition  Reference Story  Business Development Letter / Prompters  Strategic Alignment Prompter (First Call Introduction)  Reference Story  9 Block Model®  Pain Sheet® for Sponsor (including Differentiators)  Pain Chain®  Sponsor Letter  9 Block Model®  Pain Sheet® for Power Sponsor (including Differentiators)  Power Sponsor Letter  Success Criteria  Evaluation Plan  Evaluation Plan  Transition Issue and Capabilities  Implementation / Transition Plan Letter  Implementation / Transition Plan  Value Analysis / Justification  Negotiating Worksheet  Get-Give List  Implementation Plan  Success Criteria  Reference Story Sales Process Steps Verifiable Outcomes Sales Tools Sales Management System (with Win Odds per Milestone) Lead Letter agreed upon Sponsor Letter agreed upon Evaluation Plan modified or agreed upon Verbal approval received Ts and Cs agreed upon Documents signed 90%-100% 10% 25% 50% 75%
  • 12. © Solution Selling, Inc. • 2008  PAGE 11 www.solutionselling.com Talent Assessment  Are intuitive  Have conversations  Ask questions  Make presentations  Make statements  Process is key to success Journeypeople Eagles
  • 13. © Solution Selling, Inc. • 2008  PAGE 12 www.solutionselling.com Situational Fluency What Buyers Should Expect from Salespeople Situational Knowledge Capability Knowledge People Skills Selling Skills How Do We Integrate? Situational Fluency: Integration of knowledge and skills by the salesperson for “eagle” performance
  • 14. © Solution Selling, Inc. • 2008  PAGE 13 www.solutionselling.com Key Selling Skills PLAN CREATE QUALIFY DEVELOP PROVE NEGOTIATE CLOSE Sales Process Steps Prospecting Developing Needs Developing and Delivering Value Managing Proof Accessing Power Qualifying / Disqualifying Controlling the Process Aligning Negotiating / Closing
  • 15. © Solution Selling, Inc. • 2008  PAGE 14 www.solutionselling.com Shifting Buyer Concerns Phase I: Determine Needs Phase II: Evaluate Alternatives Phase III: Evaluate Risk Needs Cost Solution Risk Risk Price Solution Needs Buying Phases Time Level of Concern
  • 16. © Solution Selling, Inc. • 2008  PAGE 15 www.solutionselling.com Sales Tools for Completion Sales Tool Groups Purpose and/or Actions Group 1  Account Profile  Key Players List  Pain Chain®  Brainstorm, analyze, discuss and agree upon key elements of a general opportunity upon which the development of all other sales tools will be based Group 2  Business Development Prompters and Letter  Reference Story  Initial Value Proposition  First Call Introduction  Develop sales tools that can be used to assist a sales professional in initiating a sales cycle by establishing credibility and targeting possible critical issues of the prospect Group 3  Pain Sheet® (Sponsor and Power Sponsor)  Evaluation Plan  Transition Issues & Capabilities  Transition-Implementation Plan  Value Analysis / Justification  Success Criteria  Negotiating Worksheet and Get-Give List  Create sales tools to help control the sales cycle, qualify the buying process, and mitigate buyer’s risk through promoting value and offering proof Group 4  Sponsor and Power Sponsor Letters  Situation Questions  Go/No Go Step Completion Letter  Sponsor Vision Reengineering Letter  Transition Plan Letter  Complete these sales tools based on input from Sales Tool Groups 1-3
  • 17. © Solution Selling, Inc. • 2008  PAGE 16 www.solutionselling.com Basic Principle NO PAIN, NO CHANGE Pain = Problem, Critical Business Issue or Potential Missed Opportunity BASIC PRINCIPLE
  • 18. © Solution Selling, Inc. • 2008  PAGE 17 www.solutionselling.com Criteria for Pain  Job specific  How the prospect is:  Measured  Motivated  Recognized  Rewarded  Viewed by peers  Personal  Provides a compelling reason to act
  • 19. © Solution Selling, Inc. • 2008  PAGE 18 www.solutionselling.com Basis of Pain  Increasing  Costs  Competitive losses  Errors  Customer complaints  Returns  Employee turnover  Eroding  Profits  Market share  Service quality  Growth rate  Customer care  Compliance  Government regulation  Industry standard ? COMMON DENOMINATOR
  • 20. © Solution Selling, Inc. • 2008  PAGE 19 www.solutionselling.com Basic Principle YOU CAN’T SELL TO SOMEONE WHO CAN’T BUY BASIC PRINCIPLE
  • 21. © Solution Selling, Inc. • 2008  PAGE 20 www.solutionselling.com Approval Types and Roles Informal: Opportunity Level  Sponsor  Cannot make the buying decision  Provides information  Conducts internal selling  Provides access to power  Power Sponsor (a.k.a. “VP of Change”)  Enough influence (regardless of title) and authority to get it if they want it, even if unbudgeted  Can and will take you anywhere in the organization you need to go  Can and will negotiate the steps leading to a buying decision  Beneficiary  Adversary  End user Formal: Account Level  Legal / Technical / Administrative (Purchasing)  Financial  Ultimate Authority
  • 22. © Solution Selling, Inc. • 2008  PAGE 21 www.solutionselling.com Three Sales within a Sale LINE OF BUSINESS SALE Operational Vision “What capabilities do we need to meet our business goals?” TRANSITION SALE Transition / Implementation Vision “How do we get from where we are today to where the Line Vice Presidents want to be?” FINANCIAL SALE Operational Vision + Transition / Implementation Vision “What is the overall value to the organization?”
  • 23. © Solution Selling, Inc. • 2008  PAGE 22 www.solutionselling.com Basic Principle: There are Four Levels of Buyer Need Level One: Latent Pain Level Two: Admitted Pain Level Three: Vision of a Solution Level Four: Active Evaluation BASIC PRINCIPLE
  • 24. © Solution Selling, Inc. • 2008  PAGE 23 www.solutionselling.com Four Levels of Buyer Need: Definitions Level Four: Active Evaluation  Power person driving evaluation  Business issues are defined  Requirements are documented  Evaluation team in place Level Three: Vision of a Solution  Buyer accepts responsibility for solving problem  Buyer can visualize the when, who, and what that will enable them to address the reasons for their pain Level Two: Admitted Pain  Buyer is willing to discuss problems, difficulties or dissatisfaction with the existing situation  Buyer admits the problem, but does not know how to solve it Level One: Latent Pain  Buyer is not actively attempting to address a problem for which the salesperson can see a solution  Buyer is unaware a potential solution exists or may have failed at previous attempts to solve the problem  Buyer has rationalized potential solutions viewed so far as “too expensive,” “too complicated,” or “too risky,”
  • 25. © Solution Selling, Inc. • 2008  PAGE 24 www.solutionselling.com Conceptual Sales Territory  Power person driving evaluation  Business issues defined  Requirements documented  Evaluation team in place * Not Looking Active * Of all the people who could benefit from your offering… What % are actively evaluating?
  • 26. © Solution Selling, Inc. • 2008  PAGE 25 www.solutionselling.com How Organizations Evaluate and Buy Not Looking Active Requirements Company A Company B Company C                                 
  • 27. © Solution Selling, Inc. • 2008  PAGE 26 www.solutionselling.com Identify Opportunities through Planning Territory Account Account Account Account Account Opp Opp Opp Opp Opp Existing Accounts New Accounts Territory Planning Account Planning Opportunity Planning
  • 28. © Solution Selling, Inc. • 2008  PAGE 27 www.solutionselling.com Planning Account Pre-call Planning and Research Key Areas to Research  Company  History  Nature of the business  Mission statement  Annual reports / 10Ks  Offerings  Description  Types  Uniqueness  Market analysis  Size  Location  Trends  Maturity  Share  Financials  Balance sheet  Income statement  Track record  Competition  How positioned  Strategies  Comparisons  Executive profiles  Work history  Education  Competencies  Potential critical business issues (pains) Opportunities in the Pipeline
  • 29. © Solution Selling, Inc. • 2008  PAGE 28 www.solutionselling.com Account Pre-call Planning and Research Information Sources  Review account’s website  Access public information  Annual Reports / 10-Ks • Chairman’s Letter • Financial highlights  Dun & Bradstreet (contact Marketing Manager) * – company overviews: financials, key people in the organization, industry-related news, competitor profiles, business & financial rankings, and company subsidiaries.  Google News Alert  MSN Business Online (www.msnbc.com) Company information and news articles searchable at the world, national and local levels  OneSource (www.onesource.com) * – A single source for detailed company information for both public and private companies.  Standard & Poor’s (www.standardandpoors.com) – Financial information about organizations around the world in multiple languages. Financial information includes credit ratings, equity research, global indices and articles pertaining to the financial impact associated with world events.  US Securities Exchange Commission (www.sec.gov) – Information on public filings from 1993 – present  Yahoo Finance  Contact account’s shareholder department (e-mail) with specific questions – become a shareholder  Contact salespeople and account managers within the prospect organization
  • 30. © Solution Selling, Inc. • 2008  PAGE 29 www.solutionselling.com Account Pre-call Planning and Research What to Do with the Information  Identify key players  Identify potential areas for critical business issues (pains)  Match up key players with critical business issues (pains)  Align your capabilities to each key player and potential pain  Create an Initial Pain Chain® for the potential opportunity  Target most likely Power Sponsor  Determine your business development strategy leveraging the specific information gathered  Develop or select appropriate stimulating interest Sales Tools to support the strategy Account-level activities Opportunity-level activities
  • 31. © Solution Selling, Inc. • 2008  PAGE 30 www.solutionselling.com Account Profile – Titan Games Inc. (TGI): Example Account Profile Company: Titan Games Incorporated (TGI) is a 20 year old organization which manufactures and distributes educational and recreational games and toys throughout the world. Offerings: TGI manufactures a line of educational and recreational games and toys that are endorsed and approved by leading experts in the field, and are ergonomically designed. Market analysis: Loss of shelf space has created market erosion, hence a loss of sales while lessening the company’s competitive position. Financials: Sales have declined in direct proportion to market and shelf space loss. Earnings per share have had a disproportionately high decline as margins are squeezed, and costs cannot be reduced quickly enough to protect profits. Competition: There are five primary competitors, three of which are technologically in a position to take advantage of TGI’s inefficiencies. Executive profiles: The CEO, Susan Brown, was hired in the past year to turn the company around because earnings per share have declined. The VP Finance, Jim Smith, has been with TGI for the past 5 years. He is currently unable to positively affect profits due to missed revenue targets and the increasing cost of credit write-offs. The VP Sales & Marketing, Steve Jones, is chartered with increasing revenues for TGI. He has been hampered by technology limitations that cause his salespeople to spend too much time servicing existing accounts while not developing new ones. The CIO, John Watkins, has been chartered with finding a solution to the technology deficiencies. Potential critical business issues: CEO: Earning per share are declining; VP Finance: Eroding profits, VP Sales & Marketing: Missing new account revenue targets
  • 32. © Solution Selling, Inc. • 2008  PAGE 31 www.solutionselling.com Sales Tool Description Account Profile Overview: A brief overview of a target company that describes particular elements of the organization. The profile highlights challenges the organization is facing. Where / How used: The Account Profile serves as an ideal “quick information” resource for you to gain insight about an account into which you are about to make contact. The profile should include: Overview of the Company, Description of their Offerings, Analysis of their Markets, Summary of their Financial Status, Description of their Competition, Executive Biographies and Descriptions of Potential Pains. What you should achieve: The Account Profile should help you or your team to strategize on how to move forward with a potential opportunity by identifying specific pains the organization is likely to be facing. Additionally, identification of key players with the organization and their pains will start to formulate a picture of how the individuals’ pains are connected in a cause and effect relationship. Input required: Knowledge of the prospect’s organization, key players, and pains they are likely facing – a Key Players List for the industry will be useful. Note: Account Profiles can be supplemented by corporate information such as Account Plans or Customer Relationship Management data. There are also many third party organizations that can serve as a resource for researching and providing the latest information on accounts. A complete Account Profile represents the minimum amount of information that should be known before engaging with an opportunity.
  • 33. © Solution Selling, Inc. • 2008  PAGE 32 www.solutionselling.com Exercise: Develop a Sample Account Profile Purpose:  To draft an Account Profile of a typical client to use as an example Activities:  Record key information about a typical account that would benefit from the selected offering(s) Notes:  You may model the profile after a real account, but reserve the right to change the information if necessary
  • 34. © Solution Selling, Inc. • 2008  PAGE 33 www.solutionselling.com Account Profile: Template Account Profile Company: Offerings: Market analysis: Financials: Competition: Executive profiles: Potential critical business issues:
  • 35. © Solution Selling, Inc. • 2008  PAGE 34 www.solutionselling.com Account Profile: Template Account Profile Company: Hillsdale Terminal, Inc. Manufactures and distributes electrical terminal products mostly in automotive and recreational vehicle industries. Current market is US. Company has been in business for Offerings: Manufacturer of Solderless crimp terminals and wiring accessories Market analysis: Customers are boat manufacturers and recreational and leisure manufacturers. Sell only to distributors, wholesalers, end users Financials: D&B says $3.4m annual sales Competition: Tyco, Terminal Supply, 3M Executive profiles: Frank Condon is President of company. Jim Condon is VP Potential critical business issues: Want to sell retail, build a capacity to sell on the web
  • 36. © Solution Selling, Inc. • 2008  PAGE 35 www.solutionselling.com Key Players List: Manufacturing Industry (SME) Key Players (Job Title) Potential Pains President/Owner  Missing profit goals  Growth goals not being achieved  Lack of a future workforce Controller/CFO  Increasing costs  Inadequate cash flow  Profit goals not being met VP Operations/ Plant Manager  Increased production costs  Excess Inventory  Declining throughput Production Manager  Declining first pass yield  Decreased employee productivity  Inefficient equipment/processes Quality Manager  Increased defects  Inadequate QMS to meet needs of new, larger customers  Higher costs/less results implementing QMS VP Engineering  Miss-alignment with sales on product specs  Commoditized/mature products  Risks associated with new product launch Sales/Marketing Mgr  Declining sales revenue  Missing new account targets  Increased difficulties to differentiate  Ineffective sales channels performance CI Manager  Difficulty sustaining internal process improvement  Declining employee productivity HR Manager  Challenge attracting/retaining qualified labor  Increasing average age of workforce
  • 37. © Solution Selling, Inc. • 2008  PAGE 36 www.solutionselling.com Job Aid Description Key Players List Overview: The Key Players List is a listing by industry of important job titles along with the likely critical business issues (pains) which that job title (key player) might face. Where / How used: The Key Players List helps you identify pains to probe for when marketing to, calling on or meeting with a particular buyer based on their job title and role. This is especially helpful when calling on a buyer or within an industry where you may less inexperience with or be unfamiliar with. The Key Players List can be used to initiate sales opportunities by identifying latent pains that buyers have not yet recognized. It also can be used to identify the underlying pain which have driven a buyer to commit to action in active sell cycles. What you should achieve: By using the Key Players List, you should be able to more quickly identify key players and their potential pains. It also can help develop your situational knowledgeable and experience in a given industry. Input required: To create a Key Players List, you must research the key players, their pains and job titles within your target industries.
  • 38. © Solution Selling, Inc. • 2008  PAGE 37 www.solutionselling.com Exercise: Develop a Key Players List Purpose:  To draft a Key Players List to use as an example Activities:  Identify 5-6 client key players (by title) typically involved in a sales cycle for your chosen offering(s)  Record 5-6 potential pains faced by each key player. Ideally, your offering would directly or indirectly address one or more pains of the key players Notes:  Choose key players that represent various approval types such as Sponsors, Power Sponsors, etc  Remember a pain is personal and specific to the person and their role
  • 39. © Solution Selling, Inc. • 2008  PAGE 38 www.solutionselling.com Key Players List Template Key Players (Job Title) Potential Pains                        
  • 40. © Solution Selling, Inc. • 2008  PAGE 39 www.solutionselling.com Key Players List Template (Continued) Key Players (Job Title) Potential Pains                        
  • 41. © Solution Selling, Inc. • 2008  PAGE 40 www.solutionselling.com Basic Principle PAIN FLOWS THROUGH AN ENTIRE ORGANIZATION BASIC PRINCIPLE
  • 42. © Solution Selling, Inc. • 2008  PAGE 41 www.solutionselling.com Pain Chain® - “Cause and Effect” Job Title: Sales Manager Pain: Lack of marketing knowledge Reason: Lack of training Reason: Lack of resources Job Title: President Pain: Inability to seize new market opportunity Reason: Lack of marketing knowledge Reason: Missing sales opportunities
  • 43. © Solution Selling, Inc. • 2008  PAGE 42 www.solutionselling.com Pain Chain™: Manufacturing. Example Job Title: VP Operations Pain: Increased production costs Reason A: Declining first pass yield Reason B: Decreased employee productivity Job Title: President/Owner Pain: Missing profit goals Reason A: Increased production costs Reason B: Decrease in sales revenue Job Title: Quality Manager Pain: Increased defects Reason A: Inability to identify root causes Reason B: Lack of process controls Reason C: Lack of adherence to a QMS Reason D: Lack of a QMS Job Title: Production Manager Pain: Declining first pass yield Reason A: Increased defects Reason B: Increased process waste
  • 44. © Solution Selling, Inc. • 2008  PAGE 43 www.solutionselling.com Sales Tool Description Pain Chain® Overview: The Pain Chain® is a graphical depiction of the cause and effect relationship of critical business issues (pains) inside an organization. It includes job title, pain, and the reasons for that pain. The graphic shows a pain as being a reason for someone else’s pain. Where / How Used: This job aid can be employed in multiple ways and in multiple points in a sell cycle. It can be used as a pre-call planning aid to understand potential interdependencies in an opportunity. After interviewing key players, a seller can re-craft an Initial Pain Chain® to reflect their new findings. It is also used when building a business case to identify sources of benefits across the organization. The Pain Chain® becomes an “organizational impact chart” when used to explain the benefits to the customer(s). It can then be viewed as a “Gain Chain.” What you should achieve: A completed Pain Chain® demonstrates to the client an insightful understanding of their business. In addition, as the seller’s understanding of the client’s overall situation is expanded so is the corresponding opportunity to build a broad base of support and justification for implementation of the solution. Input required: To create a Pain Chain®, you must understand the pain(s) of key players in the organization and the reasons for the pain(s). As many key players in an organization may have multiple pains, the Job Aid Build team must narrow the pains down to one per key player. The pains and the reasons for other key player’s pains should relate to one another with little confusion or misunderstanding in order to teach the concept of “organizational interdependency” with ease.
  • 45. © Solution Selling, Inc. • 2008  PAGE 44 www.solutionselling.com Exercise: Create a Pain Chain® Purpose:  To create a Pain Chain® to use as an example for demonstrating how one pain in the organization affects other key players Activities:  Using the Key Players List and Account Profile that have already been drafted:  Identify (by title) at least 4 key players within your opportunity  Identify the primary pain and reasons for each of these key players  Using the key players and their pains, construct a Pain Chain® showing their organizational interdependency. Do this by tracing the flow of pain up and/or down the organization  Each pain should have at least two reasons
  • 46. © Solution Selling, Inc. • 2008  PAGE 45 www.solutionselling.com Pain Chain® Template Job Title: Pain: Reason A: Reason B: Job Title: Pain: Reason A: Reason B: Job Title: Pain: Reason A: Reason B: Job Title: Pain: Reason A: Reason B:
  • 47. © Solution Selling, Inc. • 2008  PAGE 46 www.solutionselling.com Sales Tools for Completion Sales Tool Groups Purpose and/or Actions Group 1  Account Profile  Key Players List  Pain Chain®  Brainstorm, analyze, discuss and agree upon key elements of a general opportunity upon which the development of all other sales tools will be based Group 2  Business Development Prompters and Letter  Reference Story  Initial Value Proposition  First Call Introduction  Develop sales tools that can be used to assist a sales professional in initiating a sales cycle by establishing credibility and targeting possible critical issues of the prospect Group 3  Pain Sheet® (Sponsor and Power Sponsor)  Evaluation Plan  Transition Issues & Capabilities  Transition-Implementation Plan  Value Analysis / Justification  Success Criteria  Negotiating Worksheet and Get-Give List  Create sales tools to help control the sales cycle, qualify the buying process, and mitigate buyer’s risk through promoting value and offering proof Group 4  Sponsor and Power Sponsor Letters  Situation Questions  Go/No Go Step Completion Letter  Sponsor Vision Reengineering Letter  Transition Plan Letter  Complete these sales tools based on input from Sales Tool Groups 1-3
  • 48. © Solution Selling, Inc. • 2008  PAGE 47 www.solutionselling.com Business Development: Messaging Considerations “Are You Curious?”  You have limited time to get attention and create curiosity  Business-to-business vs. Business-to-consumer  Put yourself in the mind of the buyer  Target pains / critical business issues: • describe how someone else has solved a problem • target a peer in a potentially similar situation • select a problem they might have or to which they can relate  Communicate value  The communication should NOT:  focus on company history or new offerings  ask them to buy anything or schedule a meeting  ask the buyer to admit “pain”
  • 49. © Solution Selling, Inc. • 2008  PAGE 48 www.solutionselling.com Sales Tool Description Business Development Prompters Overview: This job aid provides a seller with a variety of dialogue prompters to help stimulate interest with prospective clients by focusing on critical issues (pains) typical of the client’s job title. It gives the seller an opportunity to establish credibility by demonstrating situational fluency while helping to differentiate himself/herself from other sellers through proven techniques and best practices. Where / How Used: It is used as a prompter - not a script. This job aid is typically used as part of the “stimulating interest ” of the Solution Selling® process and can be used in a variety of settings including telephone calls, voice mail messages, and face to face communications at networking events, trade shows, etc. What you should achieve: When used successfully, the prospect’s curiosity will grow and they will want to know more about how who helped someone else with a situation they can relate to. The conversation could then continue further by the seller sharing a reference story. Input required: To create Business Development Prompters, you must know the key pains, and reasons for pains, of the individuals by job titles that can benefit from your offerings.
  • 50. © Solution Selling, Inc. • 2008  PAGE 49 www.solutionselling.com Business Development Prompters Business Development Prompter: New Opportunity This is Ron Quinkert with the Michigan Manufacturing Technology Center. You and I haven’t spoken before, our organization been working with Michigan manufacturers for more than 20 years. A common trend we are hearing lately from other JAMA members is their difficulty in finding new business. Despite the tough economy, we have been able to help other members identify new business prospects. Would you like to know how? Business Development Prompter: Menu Approach (See Business Development Letter) This is Tim Ford with the MMTC. You and I haven’t spoken before, but we have been working with Michigan manufacturers for the last 20 years. The top three concerns we are hearing from other Sales Managers are: decreasing sales, lack of new leads and lack of resources. We’ve helped companies like: JC Gibbons, Bolton Conductive and Integrity Steel address some of these issues. Would you like to know how? Business Development Prompter: Referral Approach This is Karen Seman with the MMTC. You and I haven’t spoken before, but Patricia Yulkowski , President of Total Door suggested that I give you a call. We were able to help her address her difficulty with developing their new web site. Would you like to know how? Business Development Prompter: Multiple Contact Approach This is Tim Ford with the MMTC. You might recall my last e-mail regarding the Learn-About you attended where we described how we have been working with Michigan manufacturers to find new customers. A common trend is frustration with declining sales due to the economy. We have been able to help our customers address this issue. Would you like to know how?
  • 51. © Solution Selling, Inc. • 2008  PAGE 50 www.solutionselling.com Business Development Letter / e-mail: Template Dear Mr. Smith, Our company is in the business of helping our clients find new business. We have been working with Michigan manufacturers for over 20 years. Our clients include Bolton Conductive, JC Gibbons and Integrity Steel. Some of the chief concerns we heard from them included: • Decreasing sales • Lack of new sales leads • Lack of resources to generate new business We have been able to help our customers successfully deal with these and other issues. I would like an opportunity to share some examples with you. If you are interested in learning how we have helped other manufacturers solve some very challenging issues, please call me at 734-451-4204 and I will provide you with more information. In lieu of your call, I’ll plan a follow-up call on October 30th . Best Regards, Ron Quinkert, cBSP
  • 52. © Solution Selling, Inc. • 2008  PAGE 51 www.solutionselling.com Reference Story: Format and Template FORMAT REFERENCE STORY TEMPLATE Job title / industry: A customer job title and vertical industry Critical business issue: The pain of the above title One of the reasons: One of the reasons for the critical business issue biased to your product / service Capabilities (when, who, what): In the words of your customer, the business event, the player(s) and specific capabilities needed to address the critical business issue (He / She / They told us they needed a way…) We provided: If the “solution” is described properly above, all we have to do here is say that we provided those capabilities Result: Specific measurement is best ($ or %) Situation: The Lean Champion Critical Business Issue: Increased production costs Reason(s): One of the key reasons was declining employee productivity. Capability(s): (when, who, what) He said he wanted a way that, when filling customer orders, his workforce would utilize standardized work processes and eliminate non-value added activity. We provided… that capability Result: Eliminated 510 hours per year of NVA activity · On-time machine deliveries improved to 97% (up from 92%) · Vendor performance improved to 98% on-time delivery (up from 92%)
  • 53. © Solution Selling, Inc. • 2008  PAGE 52 www.solutionselling.com Reference Story Format Situation: A customer job title and vertical industry Critical Business Issue: The pain of the title above (Anxiety words and phrases are very powerful here). Reason(s): One of the reasons for the critical issue biased to your product or service Capability(s): (when, who, what) In the words of your customer, the business event, the player(s) and specific capabilities needed to address the critical issue - “He/she/they told us when… who… what they needed” We provided… If the “solution” is described properly above, all we have to do here is say that we (our product / service / company) provided them those capabilities Result: Specific measurement is best, $ or %
  • 54. © Solution Selling, Inc. • 2008  PAGE 53 www.solutionselling.com Sales Tool Description Reference Story Overview: This job aid provides a seller with a dialogue prompter to help build credibility with a client by helping the client begin discussing their critical issues (pain). It gives the seller an opportunity to share situationally specific examples of how the prospect’s peers have been helped by implementing capabilities provided by the seller’s organization. Where / How Used: It is used as a prompter - not a script. This job aid is typically used as part of the “Stimulating Interest” step of the Solution Selling® process, but can be used effectively to assist in building credibility or getting pain admitted. What you should achieve: When used successfully, the prospect will either admit pain, or the seller will discover that the prospect already has a vision of a solution. The conversation could then continue further by vision processing (creation or reengineering). Input required: To create a Reference Story you must have specific examples from previous sales and know the measurable results that were achieved by implementing capabilities provided by your organization. Note: If measured results are not available, indicate (as a footnote) that the Reference Story results are for education purposes or that they are pending
  • 55. © Solution Selling, Inc. • 2008  PAGE 54 www.solutionselling.com Exercise: Craft a Reference Story Purpose:  To draft a Reference Story that could be used to establish credibility, stimulate interest and begin the discussion of pain with a prospect Activities:  Using the Sponsor from the Pain Chain® and Pain Sheet® exercise:  Fill in the Reference Story Template with the information already identified  Create the measurable results achieved as the outcome of buying the solution Note:  Although Reference Stories are traditionally developed at the end of a sales engagement, this sample will be used as if it was the basis for stimulating interest into the current opportunity (scenario) thus it should “map” to the existing scenario (i.e. Sponsor from the Pain Chain® and Pain Sheet® )
  • 56. © Solution Selling, Inc. • 2008  PAGE 55 www.solutionselling.com Reference Story: Format and Template FORMAT REFERENCE STORY TEMPLATE Job title / industry: A customer job title and vertical industry Critical business issue: The pain of the above title One of the reasons: One of the reasons for the critical business issue biased to your product / service Capabilities (when, who, what): In the words of your customer, the business event, the player(s) and specific capabilities needed to address the critical business issue (He / She / They told us they needed a way…) We provided: If the “solution” is described properly above, all we have to do here is say that we provided those capabilities Result: Specific measurement is best ($ or %) Situation: Critical Business Issue: Reason(s): Capability(s): (when, who, what) We provided… …this capability Result:
  • 57. © Solution Selling, Inc. • 2008  PAGE 56 www.solutionselling.com The Value Cycle “Lead with Value” CLOSE VERIFY MEASURE LEAD Initial Value Proposition
  • 58. © Solution Selling, Inc. • 2008  PAGE 57 www.solutionselling.com Building a Compelling Value Proposition Your Offering Your Offering Customer B Situation Customer A Situation Initial Value Proposition Reference Story Projected Results Measured Results EXTRAPOLATE
  • 59. © Solution Selling, Inc. • 2008  PAGE 58 www.solutionselling.com Initial Value Proposition: Format and Template VALUE PROPOSITION “We believe that Morton Buildings should be able to Reduce production costs by 10%, or $6.6 million annually through the ability to streamline production and eliminate non-value added steps as a result of re-mapping your work processes, accurately allocating costs across product lines, and updating the skills of your personnel for an investment of $50,000 Value Proposition Assumptions:  Fabrication Line not included  Morton personnel available at requested times  Assume gross margin of 40% on sales of $370m = COGs of $222m Assume project impacts 30% of COGs = $66m/10 = $6.6m
  • 60. © Solution Selling, Inc. • 2008  PAGE 59 www.solutionselling.com Sales Tool Description Value Proposition Overview: A statement which projects the potential quantified benefit (value) a client could realize through the implementation of a specific capability or solution. It is intended to create curiosity and serve as the catalyst to start a sales cycle. Where / How used: The projected quantified benefits are extrapolated from a previous successful implementation(s) or engagement(s) and then projected upon the prospective client. The primary use is to stimulate interest in what the seller may have to offer. If interest is generated, the (Initial) Value Proposition can and should be refined during the sell cycle eventually evolving to a more elaborate Value Analysis / ROI. What you should achieve: The Value Proposition should stimulate interest with the client (or prospect) and commence a sell cycle. Input required: To create a Value Proposition you must have knowledge of the specific value already achieved by a customer who is using your products / services. You will also need to know specific information about the prospect you are targeting.
  • 61. © Solution Selling, Inc. • 2008  PAGE 60 www.solutionselling.com Exercise: Develop an Initial Value Proposition Purpose:  To draft an initial Value Proposition that could be used to lead with value and stimulate interest with a prospect Activities:  Extrapolate the results and characteristics found in the Reference Story to create a Value Proposition for the targeted prospect (i.e. the Sponsor ) Notes:  This should be built on well-known metrics that a successful account has experienced  Much like the Reference Story, since the Value Proposition will be positioned as a method for stimulating interest into the current opportunity (scenario) it should “map” to the existing scenario (i.e. Sponsor from the Pain Chain® and Pain Sheet® )
  • 62. © Solution Selling, Inc. • 2008  PAGE 61 www.solutionselling.com Initial Value Proposition: Format and Template VALUE PROPOSITION “We believe that TC Sports should be able to increase sales by $500,000 through the ability to market effectively, drive new RFQ opportunities, and infiltrate new markets as a result of updating personnel skill sets and website enhancement, for an investment of $ 22,000” Value Proposition assumptions being made:  Average sale amount = $20,000  Closing ratio = 15%  24 hour response to all quote opportunities  Personnel available at requested times Value Proposition Format: We believe that [ Client name ] should be able to [ improve what ] by [ how much, what %? ] through the ability to [ do what? ] as a result of [ what enabling capabilities? ] for an investment of [ what relative cost? ] .
  • 63. © Solution Selling, Inc. • 2008  PAGE 62 www.solutionselling.com Strategic Alignment Prompter (Steps 1 and 2) Step 2: Introduce Call  State call objective * What I’d like to do today is to: • Introduce you to the Michigan Manufacturing Technology Center • Tell you about another Sales Manager in the injection molding business we have worked with • I would then like to learn more about you and your situation… • …at that point, the two of us will be able to make a mutual decision as to whether or not we should proceed any further.”  Share positioning statement (Use “we help” theme) “ The MMTC is in the business of helping Michigan Manufacturers identify new markets, generate new leads, and close more sales”  Provide company / personal introduction * FACTS □ We are part of the national network of the Manufacturing Extension Partnership, which makes our approach dramatically different. We are dedicated to helping small to medium sized Michigan manufacturers make operational improvements. A key point is that as part of the MEP network, we are measured on your results. □ Our approach to training and consulting is focused on knowledge transfer. We teach you how to fish, we don’t do the fishing for you. We also help you implement what you’ve learned, making you self sufficient. □ We helped a total of 1,250 Michigan manufacturers since our inception.  Share relevant Reference Story (or progress-to-date) “A particular situation you might be interested in is another __________ (organization type). Their __________ (job title) was having difficulty with __________ (pain). The reasons for his/her difficulty were __________. What he/she needed was some way to (describe capabilities) __________. We provided them with those capabilities and the result was __________ (specific result).”  Transition to “getting pain admitted” “But enough about __________ (my company). Tell me (more) about you and your situation.”
  • 64. © Solution Selling, Inc. • 2008  PAGE 63 www.solutionselling.com Strategic Alignment Prompter (Steps 1 and 2) Step 2: Introduce Call  State call objective * What I’d like to do today (or… during the next ___ minutes) is to: • Introduce you to IMEC • Tell you about another OEM supplier we have worked with • I would then like to learn (more) about you and your situation… • …at that point, the two of us will be able to make a mutual decision as to whether or not we should proceed any further.”  Share positioning statement (Use “we help” theme) IMEC is in the business of helping companies to be more productive and competitive.  Provide company / personal introduction * FACTS  IMEC has been in business since 1996  We’ve worked with nearly 2,000 Illinois manufacturers  We have 10 offices statewide  On average, our clients report a 10 to 1 return on their investment in our resources  Share relevant Reference Story (or progress-to-date) “A particular situation you might be interested in is another Caterpillar Supplier. Their VP of Operations was having difficulty with increasing production costs. The reason for his difficulty was a decline in employee productivity. What he said he needed was a way when filling customer orders, his production workers would have standardized work processes to follow with minimal non-value added activities. We provided them with those capabilities and as result his on-time delivery improved from 65% to more than 95%.  Transition to “getting pain admitted” “But enough about IMEC. Tell me about you and your situation.” * Alter steps for existing vs. new relationships as relevant
  • 65. © Solution Selling, Inc. • 2008  PAGE 64 www.solutionselling.com Exercise: Create the First Call Introduction Information Purpose:  To draft specific elements of messaging during a first call to allow the sales professional to properly introduce themselves to a new prospect in order to establish the call agenda and credibility Activities:  Create a positioning statement that describes how the company helps their clients  Create this with the title and industry of the prospect in mind  Provide 3-4 facts about the company and/or seller that will help the prospect draw desired conclusions
  • 66. © Solution Selling, Inc. • 2008  PAGE 65 www.solutionselling.com First Call Introduction Template: Strategic Alignment Prompter (Step 2) Step 2: Introduce Call  State call objective * What I’d like to do today (or… during the next ___ minutes) is to: • Introduce you to __________ (my company) • Tell you about another _________ (job title and industry) we have worked with • I would then like to learn (more) about you and your situation… • …at that point, the two of us will be able to make a mutual decision as to whether or not we should proceed any further.”  Share positioning statement (Use “we help” theme) “__________________ (my company) is in the business of helping organizations / companies in the __________________ industry to… (provide brief statement of how organizations use our products and services) ____________________________________________________________________________________________.”  Provide company / personal introduction * FACTS □ __________________________________________ □ __________________________________________ □ __________________________________________  Share relevant Reference Story (or progress-to-date) “A particular situation you might be interested in is another __________ (organization type). Their __________ (job title) was having difficulty with __________ (pain). The reasons for his/her difficulty were __________. What he/she needed was some way to (describe capabilities) __________. We provided them with those capabilities and the result was __________ (specific result).”  Transition to “getting pain admitted” “But enough about __________ (my company). Tell me (more) about you and your situation.” * Alter steps for existing vs. new relationships as relevant
  • 67. © Solution Selling, Inc. • 2008  PAGE 66 www.solutionselling.com Sales Tools for Completion Sales Tool Groups Purpose and/or Actions Group 1  Account Profile  Key Players List  Pain Chain®  Brainstorm, analyze, discuss and agree upon key elements of a general opportunity upon which the development of all other sales tools will be based Group 2  Business Development Prompters and Letter  Reference Story  Initial Value Proposition  First Call Introduction  Develop sales tools that can be used to assist a sales professional in initiating a sales cycle by establishing credibility and targeting possible critical issues of the prospect Group 3  Pain Sheet® (Sponsor and Power Sponsor)  Evaluation Plan  Transition Issues & Capabilities  Transition-Implementation Plan  Value Analysis / Justification  Success Criteria  Negotiating Worksheet and Get-Give List  Create sales tools to help control the sales cycle, qualify the buying process, and mitigate buyer’s risk through promoting value and offering proof Group 4  Sponsor and Power Sponsor Letters  Situation Questions  Go/No Go Step Completion Letter  Sponsor Vision Reengineering Letter  Transition Plan Letter  Complete these sales tools based on input from Sales Tool Groups 1-3
  • 68. © Solution Selling, Inc. • 2008  PAGE 67 www.solutionselling.com 10 10 0 VALUE U N I Q U E N E S S Differentiation Grading Chart Cool, Nice to have Differentiators Core Capabilities Junk
  • 69. © Solution Selling, Inc. • 2008  PAGE 68 www.solutionselling.com Solution Messaging Card: Definitions Pain  One of the core pains Reasons for Pain  Contributing factors or causes to the pain Organization Impact  Additional critical issues that could happen as a result of the pain not being addressed  Could be personal or organizational impact Trend Relevance  Additional talking points around this pain that are happening in the marketplace  Could find information related to industry or issue specifically through 3rd party research  Trends will be used to help improve messaging and enable sales to establish creditability through increased situational knowledge  Ensures empathy for the customer and their situation Capabilities  What the customer must do to address the pain and reasons  Should be stated as “ability to” in non-solution and company specific way  Should link to core capabilities and defensible differentiation Solution Linkage  Name of solution and/ or components that address the pain Differentiators  Specific differentiators components included in the solution Metrics / Proof of Value  Specific points of measure/ KPI’s that will be impacted after solution is implemented Key Players  Roles within the organization who typically experience this specific pain Case Studies  Example case studies of where this pain was solved for another customer
  • 70. © Solution Selling, Inc. • 2008  PAGE 69 www.solutionselling.com Basic Principle DIAGNOSE BEFORE YOU PRESCRIBE BASIC PRINCIPLE
  • 71. © Solution Selling, Inc. • 2008  PAGE 70 www.solutionselling.com I1 I3 C1 C2 C3 R1 R2 R3 I2 Architecture of the 9 Block Vision Processing Model™ Diagnose Reasons Visualize Capabilities Explore Impact Open Control Confirming PAIN BUYING VISION 3 Question Types 3 Areas of Exploration Customer’s Point of View Salesperson’s Point of View Combined Point of View
  • 72. © Solution Selling, Inc. • 2008  PAGE 71 www.solutionselling.com 9 Block Vision Processing Model® - Vision Creation Diagnose Reasons Visualize Capabilities Explore Impact Open Control Confirming PAIN $ BUYING VISION $ 7 4 1 8 5 2 9 6 3 C1 I1 R1 C2 I2 R2 C3 I3 R3 “Besides yourself, who in your organization is impacted by this (pain) and how are they impacted?” “Is this (pain) causing… (another pain)?” “If so, would (other job title) also be concerned?” #?, %?, $? “From what I just heard, (repeat the “who” and “how”) are impacted. It sounds like this is not just your problem, but a ______ problem! Is that correct?” “What is it going to take for you to be able to (achieve your goal)?” “Could I try a few ideas on you?” “You mentioned (recall reason)… Would it help if … Capability Vision A?... Capability Vision B?... Capability Vision C?... “So, IF you had the ability to (summarize capability visions), THEN could you (achieve your goal)?” “Tell me about it, what is causing you to have this… (repeat pain)?” “Is it because… Reason A?… Reason B?... Reason C?... #?, %?, $? “So, the reasons for your (pain) are…? Is that correct?”
  • 73. © Solution Selling, Inc. • 2008  PAGE 72 www.solutionselling.com Pain Sheet™ - Situational Fluency Prompter®: Example Pain: Job Title & Industry: Offering: Missing on time deliveries (Size-up pain – What is the goal? (98%) What is actual? (88%) Production Manager Kiazen Events REASONS (R2) IMPACT (I2) CAPABILITIES (C2) Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? A you are experiencing unscheduled machine down time? What is the maximum hours of machine time availability per week/per year? (80)(4000) What percentage of time is loss due to unscheduled machine down time (4%) What is the market value of products produced per hour? ($2,300) So, the value of products lost due to unscheduled down time is approximately 160 hours or $368,000 per year, is that correct? (Yes) How much of that $368,000 could be eliminated if you could optimally schedule preventive maintenance? (50 % or $184,000) • lost orders? • Increased inventory costs? • Increased production costs? Is the VP Manufacturing impacted? • loss of (or threat of losing) customers? • declining profits? • poor cash flow? Is the President/Owner impacted? A When: Who: What: equipment is not operating within spec (i.e. temp, lube, filters, etc.) your machine operator could apply minor preventive maintenance or notify a technician so that proper maintenance can be optimally scheduled B customer demands require an increasing number of setups? How many set ups per week/year? (6)(300) How does compare to last year? (up 10%) What about in the future? (10% higher) What is the average time per set up? (1.5 hour) That means that 450 hours per year is required today and 495 for future volume? (Yes) What is the market value of products produced per hour? ($2,300) That means the value of products lost due to machine set up is approximately 1M per year, is that correct? (Yes) How much of that 1M could be saved with time saving setup techniques and standard procedures? (50% or $500,000) B When Who: What: set ups are required your set up team could apply time saving techniques, have easy access to required tools, and follow standard procedures so that set up time is reduced C your experiencing frequent out-of-raw materials at the point of use? How many hours per week/per year are lost due to raw material outage? (.5 hours)(25hours) What is the market value of products produced per hour? ($2,300) That means that the value of products lost due to raw material outage is approximately $57,500 per year? (Yes) Shouldn’t that all be eliminated? (Yes) C When Who: What: raw materials are approaching predetermined minimal levels your line workers could have inventory replenished automatically and before outage occur and production stops
  • 74. © Solution Selling, Inc. • 2008  PAGE 73 www.solutionselling.com Pain Sheet™ - Situational Fluency Prompter®: Example Pain: Job Title & Industry: Offering: Missing on time deliveries (Size-up pain – What is the goal? (98%) What is actual? (88%) Production Manager Kiazen Events REASONS (R2) IMPACT (I2) CAPABILITIES (C2) Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? D You have an improper line balance? What percent of true capacity do you think you are operating at right now? (92%) How much of that 8% gap is due to improper flow i.e. bottlenecks, excess product travel, wait time, etc. (50%) What is your current annual output? (10M) That would mean a potential gain of $400,000 in sales. Is that a good estimate? (Yes) How much of that $400,000 could be realized if you could quickly analyze line balance, identify bottlenecks, and reallocate resources to improve flow? (80% or $320,000) • lost orders? • Increased inventory costs? • Increased production costs? Is the VP Manufacturing impacted? • loss of (or threat of losing) customers? • declining profits? • poor cash flow? Is the President/Owner impacted? D When: Who: What: product mix changes occur your production team could quickly analyze line balance, identify bottlenecks, and reallocate resources to improve flow E E When Who: What: F F When Who: What:
  • 75. © Solution Selling, Inc. • 2008  PAGE 74 www.solutionselling.com Sales Tool Description Pain Sheet® Overview: A Pain Sheet® is a questioning prompter used with the 9 Block Vision Processing Model®. It provides a set of control questions to help diagnose a business issue (pain), identify the impacts of that pain on the rest of the organization, and describe the capabilities which could be provided to address the pain. It is an integral job aid to creating (or reengineering) visions biased to specific offerings / solutions of the seller’s organization. Where / How used: It is used with the 9 Block Vision Processing Model® for creating (or reengineering) customer visions biased toward specific offerings / solutions of your organization. What you should achieve: The use of the Pain Sheet® with the 9 Block Vision Processing Model® will help bring the buyer to a vision of how he / she will be able to address their critical business issue (pain) as well as quantify the value to them and understand the impact their pain has across the organization. Input Required: To build a Pain Sheet® you will need understanding of potential Sponsor / Power Sponsor (likely) pains as well as associated reasons. Situational knowledge of how the capabilities of your product can address the client’s business initiatives and in turn solve their critical issues. A knowledge of your offering’s differentiators will be useful.
  • 76. © Solution Selling, Inc. • 2008  PAGE 75 www.solutionselling.com Exercise: Develop a Pain Sheet® Purpose:  To develop a Pain Sheet® that would used by a sales professional to diagnose an admitted business issue of a likely Sponsor –level buyer.  To help assist the sales professional is addressing a business pain and articulate the differentiated value that his/her offering can provide Activities:  Based on the differentiated capabilities that have already been articulated:  Restate them in a “when, who, what” format focusing on how the client would be able to use the capabilities in the future  Align the capabilities with the reasons they would address  Be sure to include other key players affected by the pain in the impact column  Add “drill down” questions to the reasons on the Pain Sheet® to help quantify diagnosis Notes:  Ensure reasons are contributors to the (likely) pain of the Sponsor
  • 77. © Solution Selling, Inc. • 2008  PAGE 76 www.solutionselling.com Pain Sheet® - Situational Fluency Prompter®: Template Pain: Job Title & Industry: Offering: Loss of business and profits Owner, Manufacturing Market Diversification REASONS IMPACT CAPABILITIES Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? A You rely too much on one shrinking customer What’s the annual sales to this main customer? ($3M) What has the sales trend been over the last year? (Decreased 15%) So if my math is correct, you need to replace at least $345k to make up for the loss. How many new leads have been generated to replace lost business? (Two) What was the value of the two new customers? ($150K) So if my math is correct, that leaves a gap of $195k On a scale of 1 to 10, how confident are you that you can fill that gap? (2. In other words, we can probably get 20% using current resources) If you had (repeat capability), how much of that $156k (80% of the $195k) could you get? (100%) A When: Who: What: Looking for new customers you could quickly and easily identify and qualify potential new prospects? B Lack of pricing power and declining profits Have your profit margins declined over the last two years? How much? (5% per year, now making only 6%) Have you ever investigated other higher profit markets to sell into? (Yes, we tried with no results) What were the revenue and margin expectations in those markets? (6 new customers with 15% margins) So if my math is correct, that represents $450k in revenue, with almost $68k in profits. (Yes) If you had (repeat capability), how much of that $450k could you get? (Maybe 30%) B When: Who: What: Selling your product You Had data to help choose target market segments with higher profit potential?
  • 78. © Solution Selling, Inc. • 2008  PAGE 77 www.solutionselling.com Pain Sheet® - Situational Fluency Prompter®: Template Pain: Job Title & Industry: Offering: Lack of Resources to Attract New Customers Owner, Manufacturing Market Diversification REASONS IMPACT CAPABILITIES Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? A No dedicated sales or marketing staff Who does your sales and marketing now? Me How much time do you dedicate to sales and marketing efforts? What are the types of marketing activities that you do? How do you measure the success of those activities? Do you have anyone that could dedicate 4 hours per week to new marketing efforts? A When: Who: What: Looking for new prospects you Could use current staff more effectively with an established process? B Ineffective website Do you receive leads from your website? How many of those leads result in a sale? Do you track the visitor traffic to your website? B When: Who: What: Looking for a new supplier Your prospective customer could more easily find your company instead of your competitors C Lack of communication tools C When: Who: What:
  • 79. © Solution Selling, Inc. • 2008  PAGE 78 www.solutionselling.com Pain Sheet® - Situational Fluency Prompter®: Template Pain: Job Title & Industry: Offering: REASONS IMPACT CAPABILITIES Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? A XXX aaa A When: Who: What: B B When: Who: What: C XXX C When: Who: What: D YYY D When: Who: What:
  • 80. © Solution Selling, Inc. • 2008  PAGE 79 www.solutionselling.com Gaining Access to Power A Second Vision Processing Conversation Power Sponsor Pain Reason A Reason B Reason C Sponsor Pain Reason A Reason B Reason C I2 C2 RI R2 I1 C1 R3 I3 C3 I2 C2 RI R2 I1 C1 R3 I3 C3
  • 81. © Solution Selling, Inc. • 2008  PAGE 80 www.solutionselling.com Pain Sheet™ - Situational Fluency Prompter®: Example Pain: Job Title & Industry: Offering: Lost orders (Size-up pain- What is the $ revenue value of lost orders? ( ) VP Manufacturing Kiazen Events REASONS (R2) IMPACT (I2) CAPABILITIES (C2) Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? A You are missing on time deliveries Your Production Manager believes it is possible to recapture a little over $1Million related to missing on time deliveries. Do you agree? (Yes) • loss of (or threat of losing) customers? • declining profits? • poor cash flow? Is the President/Owner impacted? A When: Who: What: When Who: What When Who: What When Who: What equipment is not operating within spec (i.e. temp, lube, filters, etc.) your machine operator could apply minor preventive maintenance or notify a technician so that proper maintenance can be optimally scheduled set ups are required set ups are required your set up team could apply time saving techniques, have easy access to required tools, and follow standard procedures so that set up time is reduced raw materials are approaching predetermined minimal levels your line workers could have inventory replenished automatically and before outage occur and production stops AND product mix changes occur your production team could quickly analyze line balance, identify bottlenecks, and reallocate resources to improve flow
  • 82. © Solution Selling, Inc. • 2008  PAGE 81 www.solutionselling.com Pain Sheet™ - Situational Fluency Prompter®: Example Pain: Job Title & Industry: Offering: Lost orders (Size-up pain- What is the $ revenue value of lost orders) VP Manufacturing Quality, Solution Selling REASONS (R2) IMPACT (I2) CAPABILITIES (C2) Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? B you are not able to meet potential customers quality requirements? How many opportunities were lost over the past 12 months? (5) What was the potential sales volume of those opportunities? ($800,000) What is the quality standard that is mostly commonly requested ? (ISO9000) If you were ISO 9000 Registered, how much of that $800,000 would have hit the sale line? (At least 50% or $400,000) • loss of (or threat of losing) customers? • declining profits? • poor cash flow? Is the President/Owner impacted? B When Who: What: potential customers require proof of quality you sales team could offer your status as an ISO 9000 registered company as proof that your organization adheres to the rigors of an internationally recognized quality standard C you are not competitive on short-run jobs? How many short-run opportunities did you bid during the past year? (15) How many were accepted? (0) How many opportunities were not bid on? (60) What would you estimate the revenue value of these 75 opportunities? ($1.5M) What % of these opportunities could you have won if you were more competitive on short-runs? (60%) If you could pass on cost savings from efficiency and productivity gains, how much of that $900,000 would have hit the sales line? (At least 1/3 or $300,000) C When Who: What: bidding on short-run jobs your sales team could pass on cost savings realized with improved efficiencies and increased productivity D D
  • 83. © Solution Selling, Inc. • 2008  PAGE 82 www.solutionselling.com Exercise: Develop a Pain Sheet® for a Power Sponsor Purpose:  To develop a Pain Sheet® that would used by a sales professional to diagnose an admitted business issue of a likely Power Sponsor –level buyer.  To help assist the sales professional is addressing a business pain and articulate the differentiated value that his/her offering can provide Activities:  Based on the differentiated capabilities that have already been articulated:  Restate them in a “when, who, what” format focusing on how the client would be able to use the capabilities in the future  Align the capabilities with the reasons they would address  Be sure to include other key players affected by the pain in the impact column  Add “drill down” questions to the reasons on the Pain Sheet® to help quantify diagnosis Notes:  Ensure reasons are contributors to the (likely) pain of the Power Sponsor
  • 84. © Solution Selling, Inc. • 2008  PAGE 83 www.solutionselling.com Pain Sheet® - Situational Fluency Prompter®: Template Pain: Job Title & Industry: Offering: REASONS IMPACT CAPABILITIES Is it because; Today…? Is this (pain) causing…? What if…; Would it help if…? A A When: Who: What: B B When: Who: What: C C When: Who: What: D D When: Who: What:
  • 85. © Solution Selling, Inc. • 2008  PAGE 84 www.solutionselling.com Draft Evaluation Plan: Example Attachment to Power Sponsor Letter / e-mail [DRAFT] Event Week of √ Responsible Go/No Go Billable Phone interview John Watkins (CIO) Feb 14 Us/TGI Phone interview Donna Moore (COO) Feb 14 Us/TGI Summarize findings to management team and agree to evaluation plan Feb 21 Us/TGI * Prove capabilities to management team Feb 28 Us * Perform detailed survey of current systems (2 days) March 4 Us yes Present preliminary solution/design March 11 Us * Implementation plan approval by IT department March 18 TGI * Determine / present value justification March 18 Us/TGI * Agree on preliminary success criteria March 18 Us/TGI Send our license agreement to legal March 18 Us Gain legal approval (Terms & Conditions) April 4 TGI * Visit Corporate HQ April 11 Us Pre-proposal review meeting April 18 Us Present proposal for approval April 25 Us * Transition kickoff & finalize success criteria May 10 Us/TGI Measure success criteria Ongoing TGI * Mutual decision to proceed
  • 86. © Solution Selling, Inc. • 2008  PAGE 85 www.solutionselling.com Job Aid Description Evaluation Plan Overview: The Evaluation Plan is a key job aid used in conjunction with the Power Sponsor Letter. It outlines the suggested steps that should be followed during the rest of the sales process. Where / How used: The Evaluation Plan combines events that the seller wants to achieve with the events that the client wants to achieve. The client will “buy into” an Evaluation Plan as soon as he / she starts to change it. Dates are assigned to each event with the thought of closing the sale on an agreed upon date. This helps the seller shorten sales cycles and enhances forecasting abilities. What you should achieve: The Evaluation Plan should help the seller maintain control of the buying process by documenting all events that will take place during the course of the sale and the order in which those events will take place. By managing this plan with a client, the seller can feel secure about when resources will be needed and the hurdles to overcome leading to closure of the sale. Also highlighting some of the important events as “go / no go” points gives both parties the opportunity to “disengage” from the opportunity if it does not benefit them. Input required: To create the Evaluation Plan, the Job Aid Build team will need knowledge of the events included in a entire sale process, whether or not the events should be billable (i.e. proof steps that incur hard cost), the potential cost alternative events to those the client may request, the time involved in presenting or demonstrating each event as it relates to the specific offering being “sold” and the typical length of the sale cycle for that offering.
  • 87. © Solution Selling, Inc. • 2008  PAGE 86 www.solutionselling.com Exercise: Create a Sample Evaluation Plan Purpose:  To create an Evaluation Plan as an example to help the seller communicate the steps necessary to provide all relevant proof steps and move the opportunity to closure while helping create a sense of ownership of the plan for the buyer Activities:  Create an example Evaluation Plan that could be executed with the Power Sponsor to lead to the closure of the sales cycle  Include typical proof steps required by the Power Sponsor to evaluate the chosen solution  Include any type of legal, technical, or administrative reviews that may be necessary  Be sure to think through the key Evaluation Plan components (date and sequence of events, go/no go steps, resources needed, which events are billable, etc.) Notes:  Ensure this does not become an internal “to-do” list but requires action on the part of the prospect organization
  • 88. © Solution Selling, Inc. • 2008  PAGE 87 www.solutionselling.com Draft Evaluation Plan: Template [DRAFT] Event Week of √ Responsible Go/No Go Billable * Mutual decision to proceed
  • 89. © Solution Selling, Inc. • 2008  PAGE 88 www.solutionselling.com Three Sales within a Sale LINE OF BUSINESS SALE Operational Vision “What capabilities do we need to meet our business goals?” TRANSITION SALE Transition / Implementation Vision “How do we get from where we are today to where the Line Vice Presidents want to be?” FINANCIAL SALE Operational Vision + Transition / Implementation Vision “What is the overall value to the organization?”
  • 90. © Solution Selling, Inc. • 2008  PAGE 89 www.solutionselling.com Draft Evaluation Plan: Example Attachment to Power Sponsor Letter / e-mail [DRAFT] Event Week of √ Responsible Go/No Go Billable Phone interview John Watkins (CIO) Feb 14 Us/TGI Phone interview Donna Moore (COO) Feb 14 Us/TGI Summarize findings to management team and agree to evaluation plan Feb 21 Us/TGI * Prove capabilities to management team Feb 28 Us * Perform detailed survey of current systems (2 days) March 4 Us yes Present preliminary solution/design March 11 Us * Implementation plan approval by IT department March 18 TGI * Determine / present value justification March 18 Us/TGI * Agree on preliminary success criteria March 18 Us/TGI Send our license agreement to legal March 18 Us Gain legal approval (Terms & Conditions) April 4 TGI * Visit Corporate HQ April 11 Us Pre-proposal review meeting April 18 Us Present proposal for approval April 25 Us * Transition kickoff & finalize success criteria May 10 Us/TGI Measure success criteria Ongoing TGI * Mutual decision to proceed
  • 91. © Solution Selling, Inc. • 2008  PAGE 90 www.solutionselling.com The Transition Sale: Transition Issues & Capabilities - Example Executives, Users and Beneficiaries Susan Brown – CEO, Jim Smith – VP Finance, Steve Jones – VP Sales & Marketing and Donna Moore - COO Person responsible for implementation of needed operational capabilities Name and Title: John Watkins – CIO Transition Issue: Delays implementing e-commerce application on schedule REASONS OUR TRANSITION CAPABILITIES A. Technical staff lacks time and resources to devote to a new system A. One week after agreement to proceed, our programmers will begin customizing the e-commerce application while supervised by your staff B. Available packages don’t integrate with existing applications B. 60 days prior to cut-over, our consultants will guide your programmers to create interfaces with existing applications C. Limited training resources C. Two weeks prior to cut-over, one of our business partners could be contracted for salesperson training so your IT staff could concentrate on integrating the application
  • 92. © Solution Selling, Inc. • 2008  PAGE 91 www.solutionselling.com Job Aid Description (Documentation of) Transition Issues and Capabilities Overview: A document that outlines the primary issues as well as the associated reasons, of the person within the client organization tasked with implementing the seller’s product / service. It also presents the seller’s capabilities that correspond with the reasons for the primary issue. Where / How used: Transition issues normally come up when trying to convince the person tasked with implementation to implement a potential solution that the lines of business needs to solve their business problems. They usually center around the fact that although they are interested in helping the business, he / she (responsible for implementation) doesn’t see how they can make it happen given their challenges which usually revolve around an extensive list of tasks already in place and/or deficiencies in staff and/or skills. What you should achieve: This provides another opportunity for the seller to create a transition vision with the buyer. You should also have an aid that helps minimize the risk associated with implementing the line-of-business capabilities. Input Required: To “document” the Transition Issues & Capabilities you will need an understanding of the buyers potential concerns with the implementation as well as the steps the implementation team will need to take in order to ensure a successful implementation into the buyer’s organization. A knowledge of your company’s services may be useful.
  • 93. © Solution Selling, Inc. • 2008  PAGE 92 www.solutionselling.com Exercise: Identify Transition Issues and Capabilities Purpose:  Identify potential transition issues that could be roadblocks for closing the opportunity so that sellers can anticipate them and use them as the basis for a diagnostic conversation with one responsible for implementation Activities:  Describe at least two reasons why someone in the buying organization (for your opportunity) might face a technical / transition issue when implementing the operational capabilities.  Describe the corresponding capabilities (services) that could resolve the reasons for the transition issue Note:  This framework can be leveraged to create a Transition Issues Pain Sheet®
  • 94. © Solution Selling, Inc. • 2008  PAGE 93 www.solutionselling.com Transition Issues & Capabilities Worksheet Executives, Users and Beneficiaries • • • Person responsible for implementation of needed operational capabilities Name and Title: Transition Issue: REASONS OUR TRANSITION CAPABILITIES A. A. B. B. C. C.
  • 95. © Solution Selling, Inc. • 2008  PAGE 94 www.solutionselling.com Three Sales within a Sale LINE OF BUSINESS SALE Operational Vision “What capabilities do we need to meet our business goals?” TRANSITION SALE Transition / Implementation Vision “How do we get from where we are today to where the Line Vice Presidents want to be?” FINANCIAL SALE Operational Vision + Transition / Implementation Vision “What is the overall value to the organization?”
  • 96. © Solution Selling, Inc. • 2008  PAGE 95 www.solutionselling.com Draft Evaluation Plan: Example Attachment to Power Sponsor Letter / e-mail [DRAFT] Event Week of √ Responsible Go/No Go Billable Phone interview John Watkins (CIO) Feb 14 Us/TGI Phone interview Donna Moore (COO) Feb 14 Us/TGI Summarize findings to management team and agree to evaluation plan Feb 21 Us/TGI * Prove capabilities to management team Feb 28 Us * Perform detailed survey of current systems (2 days) March 4 Us yes Present preliminary solution/design March 11 Us * Implementation plan approval by IT department March 18 TGI * Determine / present value justification March 18 Us/TGI * Agree on preliminary success criteria March 18 Us/TGI Send our license agreement to legal March 18 Us Gain legal approval (Terms & Conditions) April 4 TGI * Visit Corporate HQ April 11 Us Pre-proposal review meeting April 18 Us Present proposal for approval April 25 Us * Transition kickoff & finalize success criteria May 10 Us/TGI Measure success criteria Ongoing TGI * Mutual decision to proceed
  • 97. © Solution Selling, Inc. • 2008  PAGE 96 www.solutionselling.com Value Analysis Total Benefits (ABC Manufacturing Example) Increased PROFITS from additional sales REVENUE  Retained annual sales revenues resulting from reduced defects $500K (1)  New annual sales revenue resulting from improved throughput $500K (1)  Profit margin is 32% (1) $1M sales revenue increase X 0.32 (profit margin) = $320K profit increase Reduced COSTS Reduced COSTS  Rework (1) Avoided COSTS  Recruiting and new hire training costs (2) = $560,000 cost decrease = $100,000 cost avoided INTANGIBLES  Improved morale by the sales staff (1)(3)  Increased throughput for greater capacity (1)  Improved cash flow (2) (1) VP Operations (2) Controller (3) HR Manager
  • 98. © Solution Selling, Inc. • 2008  PAGE 97 www.solutionselling.com Value Analysis Total Investment (ABC Manufacturing Example) One time INVESTMENT  Professional (1) • $10K in Q2, $25K in Q3, 15K in Q4 $50,000 (1) Selling Organization
  • 99. © Solution Selling, Inc. • 2008  PAGE 98 www.solutionselling.com Value Analysis ABC Manufacturing Example Phased over time (in 000s) Q1 Q2 Q3 Q4 BENEFITS Increased profits (1) 0 0 200 120 Reduced costs (1) 0 60 200 300 Avoided costs (2) 0 10 45 45 Quarterly total 0 70 445 465 Cumulative value 0 70 515 980 INVESTMENTS One time investment 0 10 25 15 Cumulative investment 0 10 35 50 NET VALUE Quarterly total 0 60 420 450 Cumulative total 0 60 480 930 (1) VP Operations (2) Controller 1st year net return: $930,000 Breakeven point: 2th quarter ROI: 19.6X
  • 100. © Solution Selling, Inc. • 2008  PAGE 99 www.solutionselling.com Sales Tool Description Value Analysis / Value Justification Overview: The Value Analysis / Value Justification Model is used to document the projected benefits (revenue increase and cost decrease) associated with the used of the seller’s product / service after implementation. The cost or investment of the overall offering (“solution”) should be documented as well (including maintenance and services). Where / How used: The Value Analysis / Value Justification Model is used early in phase II of the sale (as the prospect is evaluating alternatives). It is used to present a detailed breakdown of the potential costs decreases and revenue increases within the buyer’s organization associated with the implementation of the seller’s product and services. This job aid enables a seller to present the value of their offering in relation to presenting the costs in terms of an investment. The strength in using this model is that the numbers for the analysis come from the prospect. This financial data is derived from the seller’s conversation with the buyer(s) during the vision processing conversation(s). What you should achieve: Using the Value Analysis / Value Justification Model will help sellers be able to project the “return on investment (%)”, the First Year Net Return ($), and the Breakeven Point (Qtr) using the numbers provided by the prospect. Note: Be careful using the term “ROI” vs. “Value Analysis” since most clients have different definitions and parameters around the phrase “ROI”. Input Required: Completion of the model requires the cost / customer investment of the entire project, projected increased revenue and decreased costs associated with the use of the implemented offering, and the return over a specific time period.
  • 101. © Solution Selling, Inc. • 2008  PAGE 100 www.solutionselling.com Exercise: Create a Sample Value Analysis Purpose:  Create a draft of an example Value Analysis / Value Justification (spreadsheet) formulating the information that would be uncovered during the diagnostic conversations (vision processing) Activities:  Prepare a Value Analysis / Value Justification that demonstrates how the projected benefits of your capabilities compare against the investment to be made on the part of the customer Notes:  You may want to describe the individual benefits (increase profit from increased revenue, reduced cost and avoided costs) and investments (one-time and on-going) on separate pages and then have the final page show the comparative analysis in the form of a spreadsheet  Regarding expected benefits, consider the ramp up time associated with implementing and fully utilizing capabilities
  • 102. © Solution Selling, Inc. • 2008  PAGE 101 www.solutionselling.com Value Analysis: Benefits Increased PROFITS from additional sales REVENUE       Reduced COSTS Reduced COSTS    Avoided COSTS    INTANGIBLES    (1) (2) (3) (4)
  • 103. © Solution Selling, Inc. • 2008  PAGE 102 www.solutionselling.com Value Analysis: Investment One time INVESTMENT     On-going INVESTMENT     (1) (2) (3) (4)
  • 104. © Solution Selling, Inc. • 2008  PAGE 103 www.solutionselling.com Value Analysis (Comparison) Phased over time (in 000s) Q1 Q2 Q3 Q4 BENEFITS Increased profits Reduced costs Avoided costs Quarterly total Cumulative value INVESTMENTS One time investment On-going investment Quarterly total Cumulative investment NET VALUE Quarterly total Cumulative total 1st year net return: $ _____________ Breakeven point: Quarter _____ ROI (first year): _________%
  • 105. © Solution Selling, Inc. • 2008  PAGE 104 www.solutionselling.com Draft Evaluation Plan: Example Attachment to Power Sponsor Letter / e-mail [DRAFT] Event Week of √ Responsible Go/No Go Billable Phone interview John Watkins (CIO) Feb 14 Us/TGI Phone interview Donna Moore (COO) Feb 14 Us/TGI Summarize findings to management team and agree to evaluation plan Feb 21 Us/TGI * Prove capabilities to management team Feb 28 Us * Perform detailed survey of current systems (2 days) March 4 Us yes Present preliminary solution/design March 11 Us * Implementation plan approval by IT department March 18 TGI * Determine / present value justification March 18 Us/TGI * Agree on preliminary success criteria March 18 Us/TGI Send our license agreement to legal March 18 Us Gain legal approval (Terms & Conditions) April 4 TGI * Visit Corporate HQ April 11 Us Pre-proposal review meeting April 18 Us Present proposal for approval April 25 Us * Transition kickoff & finalize success criteria May 10 Us/TGI Measure success criteria Ongoing TGI * Mutual decision to proceed
  • 106. © Solution Selling, Inc. • 2008  PAGE 105 www.solutionselling.com Success Criteria: Leveraging Success Criteria Baseline Q1 Q2 Q3 Q4 I2 C2 RI R2 I1 C1 R3 I3 C3 Reference Story Situation: Critical issue: Reasons: Capabilities: We provided: Results: Business Development Prompter: New Opportunity This is __________ (salesperson name) with __________ (your company). You and I haven’t spoken before, but we have been working with __________ (specific industry) organizations for the last ___ (#) years. A common trend we are hearing lately from other __________ (job title) is their frustration (difficulty) with _______________ (job title’s likely critical issue / pain) [resulting from ______ (articulate common reasons)]. We have been able to help our customers address this issue. Would you like to know how?
  • 107. © Solution Selling, Inc. • 2008  PAGE 106 www.solutionselling.com Sales Tool Description Success Criteria Overview: Measuring Success Criteria helps track the effectiveness of implementation. Where / How used: Establishing what criteria will be measured should be done with the Power Sponsor. The measurement of realized value compared to projected value is post sale activity. What you should achieve: Success Criteria tracks information that can be used to open new sales opportunities within an existing customer, provide guidelines for maintaining a strong customer relationship, and also provide quantifiable results that can be used in future Reference Stories. A major benefit of setting the criteria to be measured with the prospect is that is helps to reduce the risk the prospect starts to feel as they began to see themselves implementing the seller’s offering. Note: Risk is a dire concern to a buyer at this phase in their buying process. Input Required: To create the Success Criteria, actual customer results are required. In order to complete the template, specific, measurable elements of the Value Analysis / ROI that the seller’s products / services have influence over must be determined with the prospect. You also must determine the length of time to be engaged with the client in this activity. Note: Make sure that the criteria (when measured) can be attributed to your offerings. E.g. Often times stock price is a not a good element to track because too many things affect its value outside of your control.
  • 108. © Solution Selling, Inc. • 2008  PAGE 107 www.solutionselling.com Exercise: Create Sample Success Criteria Purpose:  To create a sample list of Success Criteria that your sellers could use as a starting point for recommendation Activities:  List some of the Success Criteria that would me measured after implementation (i.e. those things that will change in the business as a result of implementing your offering)  Establish a baseline metric that would demonstrate that the seller should work with the buyer to agree on baseline metrics by which to measure against Note:  Ensure the items listed are controllable by the capabilities of your offering. Be cautious of using items that could be affected by numerous outside variables
  • 109. © Solution Selling, Inc. • 2008  PAGE 108 www.solutionselling.com Success Criteria Template Criteria Baseline Q1 Q2 Q3 Q4 (1) (2) (3) (4)
  • 110. © Solution Selling, Inc. • 2008  PAGE 109 www.solutionselling.com Negotiating  Knowledge is power  Plan before you begin  Is it closeable during this meeting?  Know what you will accept  Know what you are willing to give  Seek to understand the true interests underlying buying positions taken  Give reluctantly and slowly (if necessary)  Withstand up to three “squeezes” by the buyer  Don’t give without getting  Be willing to walk away today  Salesperson must overcome emotional hurdle first  Buyer must believe he/she is getting the best price  Use a mutual win approach  If less than 100% of quota, do not negotiate alone
  • 111. © Solution Selling, Inc. • 2008  PAGE 110 www.solutionselling.com Negotiating Worksheet: Example Is it closeable today?  Power to buy?  Payback agreed to? VP Finance  L/T/A approvals? VP Finance  Plan completed?  Known cost since: 4 months Stand 1 (Plan): “Our published plan shows an implementation starting on Monday. Is this issue worth the delay?” Stand 2 (Value): “When we calculated the payback, you told me that even with all of the costs included the return was higher than you expected and the project would pay for itself in 10 months.” Stand 3 (Pain): “The reasons we have spend the last four months together is because you are not meeting your new account revenue targets. That issue is not going to go away until you gain these new capabilities.” Salesperson: “The only way I could do something for you is if you could do something for me.” Buyer (should ask): “Like what?” GET “Is it possible for you to… move phases I and II together and take delivery of the hardware shipment this quarter? Is that possible?” If the buyer indicates a concession, present your “give” GIVE “If you can… move phases I and II together, then we are prepared to offer __________ which is worth $__________. Can we go forward on that basis?”
  • 112. © Solution Selling, Inc. • 2008  PAGE 111 www.solutionselling.com Sales Tool Description Negotiating Worksheet Overview: The Negotiating Worksheet is used as a pre-negotiation preparation tool. It helps you resist requests for concessions likely to be made by the buyer. Where / How used: The Negotiating Worksheet should be completed prior to discussions to finalize the terms of the sale. It provides guidelines to making stands against buyer concessions. The stands should be based on logical information you developed during the buying process. Key “stands” may include (in no particular order of importance): 1. Pain Stand – recall the buyer’s pain driving the opportunity 2. Vision Stand – recall the vision established to address the critical business issue 3. Value Stand – recall the quantifiable value associated with addressing the pain 4. Plan Stand – recall the Evaluation Plan indicating the timeline to realize benefits What you should achieve: Reduced stress by minimizing the pressure on you to discount price or give in on terms Higher margins Fewer concessions Improved negotiations Better business terms and conditions Input required: To create the Negotiating Worksheet, pain must have been uncovered, a buying vision created, a Value Justification Model completed, and an Evaluation Plan with a planned implementation date agreed upon.

Editor's Notes

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  4. Allow them to read the definitions Discuss with the audience – make sure they understand each line item Problem solution mapping as a concept is part of this tool – important to help the people make the connection or link from pain to reason to org impact to capabilities-solution linkage to metrics
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  58. Allow them to read the definitions Discuss with the audience – make sure they understand each line item Problem solution mapping as a concept is part of this tool – important to help the people make the connection or link from pain to reason to org impact to capabilities-solution linkage to metrics
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  62. Purpose: To expose the participants to a job aid that can assist them in the control question portion of the 9 Block Vision Processing Model™. Key Instructor Notes: Notice that this Pain Sheet™ addresses a specific pain of a specific key player (this information is at the top of the Pain Sheet™). Pain Sheets™ are constructed by anticipating likely reasons why someone would have a pain and then addressing reasons with the capabilities of your product or service. A capability is what an offering or an offering’s feature allows a prospect to do (that they aren’t doing today or not doing well).” One product feature may allow many different capabilities for different job titles. Capabilities are best articulated (not in technical terms but) in “visions” of what someone is going to be able to do differently in the future Pain Sheets™ have a correlation between each anticipated reason (left side of the Pain Sheet™) with each capability question (right side of the Pain Sheet™) Through the use of a Pain Sheet™, if the prospect said that reasons A, B and D were reasons for his/her pain, but said reason C was not, when it came time to state capability visions, the buyer would not bring up Capability C. The seller would not try to sell the buyer something that he/she didn’t indicate they need. The instructor should also note that there is NO correlation between the impact column with the reasons or capabilities. The impact column is a “stand alone” column Pain Sheets™ are prompters for dialogue, they are NOT intended to be scripts Pain Sheets™ can be thought of in two ways To be used to take on a call or to use to prepare for a call. This assumes the seller has a good idea of what the likely pain of the prospect is (and what capabilities he/she might need to introduce into the opportunity) Another way to utilize the Pain Sheet™ is more conceptual. The structure of the Pain Sheet™ provides a method of organization. That is to say, a seller can use the Pain Sheet™ framework (and the 9 Block Vision Processing Model™ together) to help craft a conversation as the seller learns more about the prospect’s problems Pain Sheets™ maintained in an ideal situation - companies would have a database that contained Pain Sheets™ for all of their products and services. The organization of Pain Sheets™ may vary by vertical, horizontal, critical issues, etc. Pain Sheets™ would be updated or built periodically to reflect changes in current capabilities or addition of new ones. Transition: “The Pain Sheet™ fits in the middle row of the 9 Block Vision Processing Model™.”
  63. Purpose: To expose the participants to a job aid that can assist them in the control question portion of the 9 Block Vision Processing Model™. Key Instructor Notes: Notice that this Pain Sheet™ addresses a specific pain of a specific key player (this information is at the top of the Pain Sheet™). Pain Sheets™ are constructed by anticipating likely reasons why someone would have a pain and then addressing reasons with the capabilities of your product or service. A capability is what an offering or an offering’s feature allows a prospect to do (that they aren’t doing today or not doing well).” One product feature may allow many different capabilities for different job titles. Capabilities are best articulated (not in technical terms but) in “visions” of what someone is going to be able to do differently in the future Pain Sheets™ have a correlation between each anticipated reason (left side of the Pain Sheet™) with each capability question (right side of the Pain Sheet™) Through the use of a Pain Sheet™, if the prospect said that reasons A, B and D were reasons for his/her pain, but said reason C was not, when it came time to state capability visions, the buyer would not bring up Capability C. The seller would not try to sell the buyer something that he/she didn’t indicate they need. The instructor should also note that there is NO correlation between the impact column with the reasons or capabilities. The impact column is a “stand alone” column Pain Sheets™ are prompters for dialogue, they are NOT intended to be scripts Pain Sheets™ can be thought of in two ways To be used to take on a call or to use to prepare for a call. This assumes the seller has a good idea of what the likely pain of the prospect is (and what capabilities he/she might need to introduce into the opportunity) Another way to utilize the Pain Sheet™ is more conceptual. The structure of the Pain Sheet™ provides a method of organization. That is to say, a seller can use the Pain Sheet™ framework (and the 9 Block Vision Processing Model™ together) to help craft a conversation as the seller learns more about the prospect’s problems Pain Sheets™ maintained in an ideal situation - companies would have a database that contained Pain Sheets™ for all of their products and services. The organization of Pain Sheets™ may vary by vertical, horizontal, critical issues, etc. Pain Sheets™ would be updated or built periodically to reflect changes in current capabilities or addition of new ones. Transition: “The Pain Sheet™ fits in the middle row of the 9 Block Vision Processing Model™.”
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  70. Purpose: To expose the participants to a job aid that can assist them in the control question portion of the 9 Block Vision Processing Model™. Key Instructor Notes: Notice that this Pain Sheet™ addresses a specific pain of a specific key player (this information is at the top of the Pain Sheet™). Pain Sheets™ are constructed by anticipating likely reasons why someone would have a pain and then addressing reasons with the capabilities of your product or service. A capability is what an offering or an offering’s feature allows a prospect to do (that they aren’t doing today or not doing well).” One product feature may allow many different capabilities for different job titles. Capabilities are best articulated (not in technical terms but) in “visions” of what someone is going to be able to do differently in the future Pain Sheets™ have a correlation between each anticipated reason (left side of the Pain Sheet™) with each capability question (right side of the Pain Sheet™) Through the use of a Pain Sheet™, if the prospect said that reasons A, B and D were reasons for his/her pain, but said reason C was not, when it came time to state capability visions, the buyer would not bring up Capability C. The seller would not try to sell the buyer something that he/she didn’t indicate they need. The instructor should also note that there is NO correlation between the impact column with the reasons or capabilities. The impact column is a “stand alone” column Pain Sheets™ are prompters for dialogue, they are NOT intended to be scripts Pain Sheets™ can be thought of in two ways To be used to take on a call or to use to prepare for a call. This assumes the seller has a good idea of what the likely pain of the prospect is (and what capabilities he/she might need to introduce into the opportunity) Another way to utilize the Pain Sheet™ is more conceptual. The structure of the Pain Sheet™ provides a method of organization. That is to say, a seller can use the Pain Sheet™ framework (and the 9 Block Vision Processing Model™ together) to help craft a conversation as the seller learns more about the prospect’s problems Pain Sheets™ maintained in an ideal situation - companies would have a database that contained Pain Sheets™ for all of their products and services. The organization of Pain Sheets™ may vary by vertical, horizontal, critical issues, etc. Pain Sheets™ would be updated or built periodically to reflect changes in current capabilities or addition of new ones. Transition: “The Pain Sheet™ fits in the middle row of the 9 Block Vision Processing Model™.”
  71. Purpose: To expose the participants to a job aid that can assist them in the control question portion of the 9 Block Vision Processing Model™. Key Instructor Notes: Notice that this Pain Sheet™ addresses a specific pain of a specific key player (this information is at the top of the Pain Sheet™). Pain Sheets™ are constructed by anticipating likely reasons why someone would have a pain and then addressing reasons with the capabilities of your product or service. A capability is what an offering or an offering’s feature allows a prospect to do (that they aren’t doing today or not doing well).” One product feature may allow many different capabilities for different job titles. Capabilities are best articulated (not in technical terms but) in “visions” of what someone is going to be able to do differently in the future Pain Sheets™ have a correlation between each anticipated reason (left side of the Pain Sheet™) with each capability question (right side of the Pain Sheet™) Through the use of a Pain Sheet™, if the prospect said that reasons A, B and D were reasons for his/her pain, but said reason C was not, when it came time to state capability visions, the buyer would not bring up Capability C. The seller would not try to sell the buyer something that he/she didn’t indicate they need. The instructor should also note that there is NO correlation between the impact column with the reasons or capabilities. The impact column is a “stand alone” column Pain Sheets™ are prompters for dialogue, they are NOT intended to be scripts Pain Sheets™ can be thought of in two ways To be used to take on a call or to use to prepare for a call. This assumes the seller has a good idea of what the likely pain of the prospect is (and what capabilities he/she might need to introduce into the opportunity) Another way to utilize the Pain Sheet™ is more conceptual. The structure of the Pain Sheet™ provides a method of organization. That is to say, a seller can use the Pain Sheet™ framework (and the 9 Block Vision Processing Model™ together) to help craft a conversation as the seller learns more about the prospect’s problems Pain Sheets™ maintained in an ideal situation - companies would have a database that contained Pain Sheets™ for all of their products and services. The organization of Pain Sheets™ may vary by vertical, horizontal, critical issues, etc. Pain Sheets™ would be updated or built periodically to reflect changes in current capabilities or addition of new ones. Transition: “The Pain Sheet™ fits in the middle row of the 9 Block Vision Processing Model™.”
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