Why
Did it Take Us 12 Months to Find Out That We're Not Getting
the Business?
by
Frank Visgatis, co-founder and co-author, CustomerCentric
Selling®
How many times, after a three, six, or twelve month sell
cycle, have you had one of your reps give you the bad news
that they've lost a sale that's critical to making your number
for the quarter? When do you think the rep knew, in their
heart of hearts, that they never had a real chance at winning
the business? Was it after one meeting? Five? Fifteen? More
importantly, why didn't they just flush the deal once they
realized they couldn't win?
The worst thing a salesperson can do is 'go the distance'
and lose the business anyway. In the twelve months they spent
"competing" to stay busy, how many real opportunities walked
right past them?
When you do the forensic examination of a lost opportunity,
I believe the cause of the loss almost always comes down to
one wordqualification. Something wasn't
qualified effectively as part of the sales campaign. In fact,
as we teach our CustomerCentric Selling® students, there are
six key qualifiers in any given opportunity:
- Goal/Problem/Need: Is there an identifiable, quantifiable
business goal, business problem or business need? If the
salesperson cannot articulate what the business driver of
an opportunity is, chances are they don't really have an
opportunity in the first place.
- Vision of a solution: Does the prospect believe
that the capabilities your company offers will help them
achieve the goal, solve the problem or satisfy the need?
Can the salesperson not only explain the capabilities the
prospect requires, but have they documented them, in writing,
back to the prospect to confirm accuracy?
- Value: Has the salesperson identified and quantified
the business metrics associated with the prospect's current
environment and created a cost/benefit analysis to help
the prospect understand the value of moving forward?
- Champion: Is there one or more people in the prospect
organization that is doing the selling for you when you're
not there and helping you get to the right people when you
are there?
- Key Players: Has the salesperson proactively engaged
with other key people within the prospect organization to
get their perspective on the issues and, ideally, created
some vision with them as well?
- Implementation Solution: Has the salesperson, as
part of the sales campaign, proactively identified and sought
out the people who will be responsible for implementing
your offering? In many cases, salespeople wait until the
line of business people say "yes" before they engage with
the people who are actually going to have to live with it
and make it work on a daily basis. If those individuals
don't have a clear understanding of how they are going to
get successfully implemented, given everything else they
already have on their plate, they will often derail an initiative
at the last minute due to resource constraints, lack of
training in a specific area, etc.
No one likes bad news, but I'd rather find out today that
I'm not getting a piece of business in six months rather than
going the entire six months to find out exactly the same thing.
How about you?
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