Stop Selling, and Start Adding Value
| Written by: Andrei Podell |
| Position: , E-Myth Worldwide |
| Article: Permalink |
| Category: Lead Conversion |
| Tags: |
| Published on: December 2, 2005 |
| Article: Print View |
| Trackbacks: (40) |
| Comments: (3) |
Do you consistently look for creative ways to stay in touch with your prospective clients, or do you only contact them when you are trying to close business?
Great sales people form relationships, and establish themselves as:
1) someone who cares
2) someone who helps their prospects and clients stay abreast of important information, strategies, and solutions that will improve their situation
3) someone who's different than the other "sales guys and gals"
So ask yourself this question, "Do I add value and make my prospective clients' lives better when they're in my sales process? How do they view me? As a salesperson, or as a consultant who's bringing them solutions, right now, even if they're not a client."
For example, someone in the business services industry might consider clipping an article from Inc. Magazine or Forbes Small Business, predigesting the content for their prospects, and then sending it with a handwritten note that spells out why it's important to read. Just sending someone an article with an FYI takes no effort, and most business owners are too busy to read stuff. Nine times out of ten, it'll get skimmed or put in a stack. But a simple touch can make all the difference. If you predigest the article and tell your prospect something like, "Bob, I saw this article and thought about our conversation the other day about salesperson compensation, grumblings from your salespeople, and not knowing how to deal with it...Well, Bob, this article explains how a similar company used a blend of individual and team compensation strategies to improve morale and sales results! Take a look and let's talk about it next week."
This of course, is a simple example. But, do you realize how adding the messaging that draws on a prior conversation, and predigesting the article for the person, is the one step that most people in a sales role DO NOT take. Just leaving that one step out reduces the effectiveness by tenfold.
Why does it work? It's simple, effective, and it lets your prospects know you are really listening to them, that you care, and that you are looking for ways for them solve their problems, right now. Of course you may need to change the article or source for your industry, and change it for your prospects and their unique needs, but the point is, you want to always be positioning yourself in your prospective customers' minds, and with your existing customers, as someone who is always looking out for their interests and concerns!
What does this have to do with sales? Well, it's a truism that people buy solutions, not services. They want the hole, not the drill bit. And people will buy from you more often, the more solutions you provide them while they're in your sales cycle. If you think of your sales process as a Value-Add endeavor, you will undoubtedly increase your sales results.
So where are you adding value? Or, are you just pitching the sale?
*Edited at 07:10:13 AM on Dec 02 2005
Comments:
Anne February 7, 2008 05:29:17 PM
Andrei January 13, 2006 02:12:50 PM
I'll just ask a universal question:
Are those ways of adding value actually solving your customer's primary pains or resolving their chief frustrations? Before you go about investing too much resources into those value-adds, how do you know whether these "extras" are going to really leave a "Wow" in your customer's experience? If you nail that, then you can be confident that your extra service will win more business.
Again, I'll leave it to someone from your industry to answer if these are indeed the right value-adds. I guess my question is, have you interviewed and checked with enough customers to find out if these things would matter to them? Are they nice-to-have's or must-have's? How much would they pay for that kind of extra attention and service level? The number one thing is to do things that are profitable, not just grow revenue. So you either need to win more business to offset the expense, or make more per sale to more than cover the cost to build and maintain this.
By all means test it, get feedback, and quantify the results. If it works, then orchestrate it throughout your client base, and count your money all the way to the bank! Your thinking is right on - the issue is whether the innovation is a business idea worth pursuing because it will significantly add to client referrals, more profits, more upselling/cross-selling, and longer client retention. Think in terms of Return on Investment and from an owner's perspective, and you will also show your boss that you are thinking strategically and with financial discipline.
Please report back on what you find!
Vicki March 9, 2007 08:52:41 AM
Hi Timothy,
I recommend sending your best trainer. I find myself often in the position of deciding whether to delegate work or do it myself (almost always better and faster than someone else who would do it). But I believe that in order to have a feeling of freedom in the business, I would be better to develop my skills as a leader and manager rather than continue doing the technician work. It takes trust and humility and willingness to have less than stellar results from time to time, but in the long run I believe it builds a better company. I suggest you invest the time that you would have taken to do the work yourself to hone your leadership and management skills so you have more confidence and skill in getting work done through others. Good luck!
Vicki Lapp
Bead Inspirations
www.beadinspirations.com
Rachel December 5, 2006 02:43:58 PM
I personally feel it would be a great use of your time as well, as instead of spending your time delivering the service, spend the time perfecting it, so it can be delivered 1000 times over, in the way you would want it to be delivered.
I agree with you statement in the perception that could be created if you deliver the service/training yourself. At one point, all business owners have to stop putting themselves in the spot light like this. And, it sounds like you would be dedicated to creating the systems that one of your trainers would use to deliver the service/training to this "big" client--so it seems that it could be a win-win all around if you actually didn't do it yourself!
Good luck and would love to hear the outcome.
Shane January 2, 2006 07:21:18 AM
1) providing uptodate specific information on our inventory, particular to each customers, to them.
2) packaging the repair kits for them according to their specification.
3) aftersales service of monitoring their shipments.
These are my ideas at this moment. I've only been with my company for 4 months. I'm accountable for business development of accounts as well as acquiring new accounts. I'm looking to learn from Dell as I feel that my company is very similar in nature to them as a company which assemble parts to make up a service unit.
Please provide your valuable contribution as to how I can add value to my customers in todays increasingly competitive spare parts trading industry.
Leo December 2, 2006 07:18:13 PM
We took some time away from the office. We dedicated just one day, 8-5 that we would do the following:
Before we even got started we comitted to only discussing the objective of our meeting, we wouldn't talk about our problems our disagreements etc.
Here's what we discussed. The why. Sitting down and going over and sharing our goals with eachother. Our individual goals, or business goals etc. Our dreams our vision. You know connceting with eachother at the dream level. I know this sound goofy, but what this did is give a chance to really connect and understand that even if we may disagree sometimes on the processes, the day to day etc. that if we stayed focused on the purpose of our business we'd stay focused on what's important and move forward.
Hope this helps.
Leo
frank November 29, 2006 09:50:03 AM
Hasan
November 2, 2006 09:00:23 AM
Hello Andy,
One more suggestion is to revisit your Strategic Objective with your partner and make sure you are still in agreement with it. If you don't have one, you need to create one. Once you have that then other decisions become easier.
Chapter 13 in The E-Myth Revisited is all about Strategic Objective.
Hasan
October 30, 2006 09:05:12 AM
Thanks for your message. I cannot say that I personally know how you feel, but I have coached clients that were facing similar challenges with their partners.
Partnerships can be one of the most difficult relationships to manage, and most of the time confrontations turn into a one-on one-battle of the wills. This is a losing situation for both partners, and the business.
One thing that really helps is having an outside voice mediate the tough conversations that need to occur.
There are a couple of no-cost/low cost resources available to you:
1) If you located in the US, find a local SCORE office (www.score.org), they have expert counselors ready to assist you
2) On the low cost side, you and your partner may considered each taking the E-Myth Essentials course, and using the business assessment as a tool to learn more about each others strengths and weaknesses, then set out to create a better operating model that allows each of you and the business to benefit from each others strengths.
Before any outsider can help, you both have to be willing to change. I would suggest telling your partner that your feeling pretty frustrated and want to look into making some changes, see what he/she says and then propose some of the available solutions.
Let us know if you have any questions, and how things progress.
Best Wishes,
Hasan
E-Myth Worldwide




















