Understand Why Your Prospects Buy | Why Buyers buy

Simple Exercise to Stay Aligned with Your Buyer’s Expectations
Why “they buy” is so much more important than “how you sell”. If you don’t understand why your prospects buy, how do formulate a strategy to sell to them? Start every day by asking yourself, “Why do my customers buy from me?”

Draw four vertical lines on a piece a paper and create a matrix that includes these columns: Why Buy, Business Issue and Stakeholder. Take some time to complete 10 reasons your customers buy from you, their business issues as your understand them and link each line to a stakeholder.

Finally, have marketing, support and your executive team complete the same exercise.

Compare the results.

Alignment with the buyer’s process is critical to a successful sale. It’s simple: If you are at the proposal stage and the buyer is at the vendor evaluation stage, you lose. Be sure to align your sales process with the buyer’s expectations, needs and — most importantly — their process for buying. Don’t be afraid to ask what process they will be using to buy.

Michael Nick is the President and Founder of ROI4Sales, Inc. A company that specializes in designing, building and deploying custom sales tools. Visit ROI4Sales for more information at www.roi4sales.com.

Michael is also the author of three best selling books: ROI Selling, Why Johnny can’t Sell and The Key to the C-Suite. Get your copies today

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I Just Want to Talk to a Human! | Customer Service

To improve your customer service just let me talk to human being, no more of this press 1 for x and 2 for y and 3 for z and so on and so on and so on and so on and so on. “I hate you”.

Ugh! How frustrating is it to call a company (that no doubt took your money for some product or service)  for help and end up stuck in the automated voice response system? I want to scream sometimes. In fact I do.

What I have a hard time understanding is that our unemployment in the US is above 8%. We have literally millions of people out of work. They can answer a phone for you. In fact a few months ago we published a survey that said in the worst of times what would you give up last to put food on the table? Across the board people chose their cell phone. So see, our society likes to talk on the phone. Continue reading

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Negotiating Like a Four Year Old

Our four year old has figured out the perfect response to, “It’s too expensive.” Here is my latest lesson on negotiating.

Recently we stopped at a Rain Forrest Cafe with our four year old for dinner. As we were ordering, we spotted a fancy cup with a parrot head on it. He turned to his Mom and said, “I really want that parrot cup over there.” She asked the waitress how much it costs? The waitress said, “Nine dollars and it comes filled with a drink.”

Continue reading

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Value Justification, A Must Have When Selling Today | ROI

Value Justification (ROI) are becoming “must-have” components in the selling equation. The ROI Insider on SearchCIO.com states that, “more than 80 percent of IT buyers now rely on vendors to help them monetize the value proposition of their solutions.” In fact, many CIO’s now elevate the ability of a vendor to proactively justify their solutions to one of the top five most important selection criteria. Continue reading

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Customer Service: Gone by the wayside

Why has customer service gone by the wayside?

The question is real, what has happened to great customer service? There are a handful of companies that provide superior service…Electrolux for example, they get it. Verizon on the other hand…well they don’t. Airlines they pretty much suck and has anyone had a great experience with Direct TV lately? These corporate monsters now own us. We are addicted to their products or we simply have to use their service (Airlines for example) and we just sit there and take it. Continue reading

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Why Your Prospects Buy from You | Sales

We (ROI4Sales) have spent the past several years researching why your prospects buy from you. I would like to share with you some of my research and insight. Over the course several years we worked with our customers and in many cases, their customers to determine the primary reasons why people buy. We performed workshops, interviews, trained their sales forces and in some instances gathered baseline industry data from their customer base through surveys.

Background Research

We performed ROI Selling workshops with companies throughout North America. We began our research with a workshop that required each organization to participate and complete a Value Inventory matrix with at least thirty-five entries: Continue reading

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Sales Strategy Using a Balance Sheet

The Key to the C-Suite

Order your copy today

There is a unique sales strategy you can use, by simply understanding how to read a Balance Sheet. I am fully aware of how intimidating the Balance sheet can be. Especially if you have never been taught to read one.  My advice to those people, is to buy a, “Balance Sheet for Dummies” book and bone up on it. The Balance Sheet is a sneak peak into a companies soul. Continue reading

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Good News and Bad News about Selling

There is good news and bad news about selling. Did you happen to notice how your job as a sales professional has changed? No? Well let me tell you, it has and selling in the future will force you to continue to change as it has over the past 100 years. You see just a short couple of decades ago you could the selling method of, “show up and throw up” and still win the sale. A decade ago you might be able to use something like an ROI and convince someone you will deliver the value and maybe win the sale. But now, selling is entirely different and you have to make some changes in your life (approach, process, skills and training) to compete in todays selling environment.

Continue reading

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Selling Complex Solutions | Complex Sale

Selling complex solutions is not like selling a commodity. Your prospects have a uniqueness about them that requires you to be more thorough, and detailed in your research and presentation. They are typically organized in many silos. These silos are here to stay, so your strategy to sell to them must include the ability to create a business case that spans the organization. As you know many organizations have changed their buying patterns by:

* Complex sale involves a finance person early and throughout the process

* Complex sale will include prospects performing extended research and expect the same from you

* Complex sale will put out an RFQ (often times written or influenced by your competition) Continue reading

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ROI and Marketing: A Match Made in Heaven

ROI and Marketing is a match made in heaven. Why? ROI Marketing is the process of integrating ROI Selling into your marketing programs, process, and plans. In the past I have touched on the benefits of using ROI Selling in your marketing programs, but have yet to further define the concept.

We probably don’t need to educate this audience on the respective functions of sales and marketing, or on the need for tight integration between those functions. But allow me a few moments to establish some common ground on these topics, so our discussion of ROI marketing can be based on some common term definitions and context. Continue reading

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