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Spin Selling
A presentation by edge CRM
What is SPIN Selling
 The acronym SPIN stands for Situation, Problem,
Implication and Need Payoff.
 Situation gathers information; Problem
identifies the pains and problems prospects
experience; Implication helps the sales
representatives understand why those pain areas
need to be solved; Need Payoff helps the
prospect to draw conclusions.
 The term was coined by Neil Rackham in his book
named SPIN Selling.
SPIN
Selling
Situation
Problem
Implication
Need Payoff
Questions asked during Situation stage:
 What is your role at [company]?
 How do you do X?
 What’s your process for X?
 Walk me through your day.
 Do you have a strategy in place for X?
 Who’s responsible for X?
 How long have you done X this way?
 Why do you do X this way?
 How much budget do you have assigned to X?
 Why do you do X this way?
 How important is X to your business?
 Who uses X most frequently? What are their objectives?
 Which tools do you currently use to do X?
 Who is your current vendor for X?
 Why did you choose your current vendor for X?
Questions asked during Problem stage:
 How long does it take to do X?
 How expensive is X?
 How many people are required to achieve the necessary results?
 What happens if you’re not successful with X?
 Does this process ever fail?
 Are you satisfied with your current process for X? The results?
 How reliable is your equipment?
 When you have issues, is it typically easy to figure out what went wrong?
 How much effort is required to fix your tools or buy new ones?
 Are you happy with your current supplier?
Questions asked during Implication stage:
 What’s the productivity cost of doing X that way?
 What could you accomplish with an extra [amount of time] each [week, month]?
 Would your customers be [more satisfied, engaged, loyal] if you didn’t experience [problem related
to X]?
 If you didn’t experience [issue], would it be easier to achieve [primary objective]?
 Does [issue] ever prevent you from hitting your goals in [business area]?
 When was the last time X didn’t work?
 How is [issue] impacting your team members?
 Would you say [issue] is a blocker in terms of your personal career growth?
 Would saving [amount of time] make a significant difference to your [team, budget, company]?
 How would you use an extra [amount of money] each [week, month, quarter, year]?
 Has a problem with X ever negatively impacted your KPIs?
Questions asked during Need Payoff stage:
 Would it help if … ?
 Would X make it simpler to achieve [positive event]?
 Would your team find value in … ?
 Do you think solving [problem] would significantly impact you in Y way?
 Is it important for your team members to see X benefit so they can take Y action?
Stages of SPIN Selling:
 There are four basic stages of
every sale:
Opening
Investigating
Demonstratin
g Capability
Obtaining
commitment
Outcomes of SPIN strategy:
 There are 4 outcomes for
any SPIN Selling
strategy: Advances,
Actions, Order and No
Sale.
Outcomes of SPIN
Selling
Advances
They are actions a buyer
takes to bring close the
purchase of the deal
Actions
where the stakeholder
would be interested to
share the workload
Order
outcome where the
buyer closes a deal or
makes the purchase
No Sales
when the prospect is
rejected
Outcomes of SPIN
Selling
Advances
They are actions a buyer
takes to bring close the
purchase of the deal
Actions
where the stakeholder
would be interested to
share the workload
Order
outcome where the
buyer closes a deal or
makes the purchase
No Sales
when the prospect is
rejected
References:
 To understand about SPIN Selling in detail, read our blog What is SPIN selling?
How to use SPIN selling effectively in 2020?
THANK YOU

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Spin Selling Overview by edge CRM

  • 2. What is SPIN Selling  The acronym SPIN stands for Situation, Problem, Implication and Need Payoff.  Situation gathers information; Problem identifies the pains and problems prospects experience; Implication helps the sales representatives understand why those pain areas need to be solved; Need Payoff helps the prospect to draw conclusions.  The term was coined by Neil Rackham in his book named SPIN Selling.
  • 4. Questions asked during Situation stage:  What is your role at [company]?  How do you do X?  What’s your process for X?  Walk me through your day.  Do you have a strategy in place for X?  Who’s responsible for X?  How long have you done X this way?  Why do you do X this way?  How much budget do you have assigned to X?  Why do you do X this way?  How important is X to your business?  Who uses X most frequently? What are their objectives?  Which tools do you currently use to do X?  Who is your current vendor for X?  Why did you choose your current vendor for X?
  • 5. Questions asked during Problem stage:  How long does it take to do X?  How expensive is X?  How many people are required to achieve the necessary results?  What happens if you’re not successful with X?  Does this process ever fail?  Are you satisfied with your current process for X? The results?  How reliable is your equipment?  When you have issues, is it typically easy to figure out what went wrong?  How much effort is required to fix your tools or buy new ones?  Are you happy with your current supplier?
  • 6. Questions asked during Implication stage:  What’s the productivity cost of doing X that way?  What could you accomplish with an extra [amount of time] each [week, month]?  Would your customers be [more satisfied, engaged, loyal] if you didn’t experience [problem related to X]?  If you didn’t experience [issue], would it be easier to achieve [primary objective]?  Does [issue] ever prevent you from hitting your goals in [business area]?  When was the last time X didn’t work?  How is [issue] impacting your team members?  Would you say [issue] is a blocker in terms of your personal career growth?  Would saving [amount of time] make a significant difference to your [team, budget, company]?  How would you use an extra [amount of money] each [week, month, quarter, year]?  Has a problem with X ever negatively impacted your KPIs?
  • 7. Questions asked during Need Payoff stage:  Would it help if … ?  Would X make it simpler to achieve [positive event]?  Would your team find value in … ?  Do you think solving [problem] would significantly impact you in Y way?  Is it important for your team members to see X benefit so they can take Y action?
  • 8. Stages of SPIN Selling:  There are four basic stages of every sale: Opening Investigating Demonstratin g Capability Obtaining commitment
  • 9. Outcomes of SPIN strategy:  There are 4 outcomes for any SPIN Selling strategy: Advances, Actions, Order and No Sale. Outcomes of SPIN Selling Advances They are actions a buyer takes to bring close the purchase of the deal Actions where the stakeholder would be interested to share the workload Order outcome where the buyer closes a deal or makes the purchase No Sales when the prospect is rejected
  • 10. Outcomes of SPIN Selling Advances They are actions a buyer takes to bring close the purchase of the deal Actions where the stakeholder would be interested to share the workload Order outcome where the buyer closes a deal or makes the purchase No Sales when the prospect is rejected
  • 11. References:  To understand about SPIN Selling in detail, read our blog What is SPIN selling? How to use SPIN selling effectively in 2020?