|
How to Use Reverse Value Methods
to Close More Deals
As salespeople, we have become subservient to our sales
quota, prospect opportunities, prospect expectations, and the pressure to
beat the competition so much that we often come across as weak-kneed caricatures
of ourselves when interacting professionally with prospects.
As salespeople . . .
we need to eat more Wheaties!
So often, you hear marketing and salespeople talk to prospects
about their business value and how great their firm is by saying:
"We are the largest provider in the world!"
"We have the greatest support!"
"Our service is the best!"
This all comes across as white noise to management prospects
who hear the same thing over and over again.
Due to companies' efforts to become more "customer
centric"
sales organizations, many have become too accommodating and predictable in
their sales approaches and are now being trampled by prospects who manage
their sales cycles (and your sales commissions) for you.
To sell more, you must become a strategic advisor to management.
The key words here are "strategic advisor." Strategic advisors
help prospects fix business problems. As you know, prospects are not always
well-informed. So sometimes the prospect does not know what the problem is,
or worse, they "think" they know how the problem should be fixed.
If you are trying to be a strategic advisor, speak-up, be heard, and stop
being so passive in your value demonstration.
Use a "Reverse Value" sales approach to sell
more.
"Reverse Value" communication is a sales methodology
of proving your value to management by not talking about your product or
service, but instead proving you are a knowledge center that can help them
by challenging their own current thought process.
By disagreeing with management prospects (when they are wrong)
and informing them (by proving your value) how their observations can be
modified by your firm to help them reach their business objectives, you are
proving you have value greater than your competitors who all speak in lockstep.
If you sound like the competitors (for all practical
purposes),
you are the same as your competitors (a commodity).
How do you know if you have enough business confidence to use "Reverse
Value" techniques with management prospects? Take the following test.
"Do I Need More Wheaties" Test
- During the last six months, have you told management prospects that
their business or assumptions were wrong (in a professional way)?
___ Yes ___No
- During the last six months, have you verbally explained in detail
to a management prospect the business risks of not making decisions or
what could happen if they buy from the wrong vendor?
___ Yes ___No
- During the last six months, have you submitted in writing to a
management prospect the business risks of not making decisions or what
could happen if they buy from the wrong vendor?
___ Yes ___No
- During the last six months have you told a middle-level manager that
you cannot move forward (give them a presentation, give them proposal,
etc.) in the current sales cycle unless you meet the executive who signs
the contract?
___ Yes ___No
- Have you ever asked a prospect to explain your value to you and
why they want to buy from you?
___ Yes ___No
- Do you focus on three or less business industry verticals when trying
to sell your offerings?
___ Yes ___No
- Can you describe how your product or service increases income
or decreases expenses to your prospect?
___ Yes ___No
- Do you feel more comfortable talking business strategy than features
or functions?
___ Yes ___No
- Do you feel more comfortable talking to prospects at the level of VP
or above?
___ Yes ___No
- Do you read five or more industry trade publications a month like Restaurant
News, Manufacturing News, etc.?
___ Yes ___No
Correct Answers
1. Yes
2. Yes
3. Yes
4. Yes
5. Yes |
6. Yes
7. Yes
8. Yes
9. Yes
10. Yes |
To feel comfortable using the "Reverse Value" selling concept,
you need to score 70% or more on the above test. Reverse
Value methods require confidence, professionalism, industry knowledge, and
the ability to intellectually discuss with management prospects business
issues that position you as a thought leader.
Be a seen as a thought leader, and sell more.
The more knowledge you have about the industries you sell,
the easier it will be for your prospects to believe your value. In
sales, it is not what you say; it is what they hear.
Writers Resource Box
| Paul DiModica is the author of the best-selling
books: Value Forward Selling, Value Forward Marketing, and Sales Management Power Strategies.
He is founder of Value Forward Group and addresses
thousands of executives each year on the subjects
of sales, marketing and strategy, including
executives and staff of Wells Fargo, Lanier Corporate, Adobe, IBM, Tyco/American Dynamics, Navitaire and many others. His content-rich
workshops and strategy sessions on leadership, sales, management
and marketing bring about immediate changes
and long-term results. For more information, visit http://www.valueforward.com |
|