…too soon. That’s
the qualifier. As consultants we love to help our prospects solve
their problems. In fact we’re so passionate about our solution
that at the first indication the prospect might need it, we jump out of
our skin to reveal it immediately. After all, that’s what they
want to hear about, right?
Consider the
following:
Prospects buy our
products or services for two reasons, either:
- To solve a problem, or
- To achieve a desired
result.
The most effective way
to sell is to first fully explore what is important for the
client to avoid or achieve in the areas where our product or expertise
can help them. This is especially true for consultants and
those who sell services. So if our goal is to seek mutual
understanding, we must resist the temptation to discuss the solution
before we have an in-depth understanding of the prospect’s underlying
problems or their desired results.
This isn’t easy to do
for eager business developers, yet it’s vital for realizing successful
selling results.
When speaking with
prospects, here are eight reasons to resist focusing on the
solution prematurely:
1.
Forgoes the opportunity to help
the prospect fully appreciate their need.
As strange as it
sounds, the prospect is often not in touch with the full extent of
their need for your solution. There is always some level of pain
associated with an unmet need. It’s human nature to avoid that
pain in some way. One of the most common ways is for the prospect
to ignore or minimize the problem (i.e., “it’s not really that
bad”).
The prospect won’t see
the need for your “medicine” until they are aware of their “serious
illness.” In other words, an undisturbed prospect will not buy.
Successful business developers help their prospects get in touch with
the consequences of doing nothing before they present their solutions.
2.
Reduces the probability of
providing the best solution.
How can you solve the
problem before you thoroughly understand what it is? It’s easy to
jump to conclusions and assume we understand what the client
wants and then “make” our solution fit. Usually the prospect will
tell you the solution they want rather than the problem or
result. It’s like a patient telling the doctor, “I need
chemotherapy.” Would a qualified doctor respond by saying, “Great
– I specialize in chemo. How’s next Tuesday?” Certainly
not. But that’s what many business developers do. As
soon as the prospect says they want a service that the business
developer provides, the business developer thinks, “Great! Time for the
close.”
You can imagine
the problems that can result from this approach: clients spending a lot
of money on solutions that don’t deliver the desired results.
That’s bad for business!
Just like a doctor, you
want to explore the prospect’s “symptoms” before you present the
solution. This way you can be sure you will deliver the best
solution – one that the client will be happy with.
3.
Takes away rationale for meeting
with other decision-makers.
In the complex sale,
your initial meeting may not be with the ultimate decision maker.
Many organizations utilize a team approach when buying services.
If you present the solution out of the box at the first meeting, you
may forfeit the opportunity to meet with the other
decision-makers. As a result, you may be left to depend on
someone else presenting your solution to the rest of the team.
It’s a sure bet they won’t do as good a job as you. In addition,
you won’t have the opportunity to explore the needs and motivations of
these other decision-makers. It’s much better to lay the
groundwork to be able to speak with all the decision-makers on
the team.
4.
Minimizes the amount of exposure
to the prospect.
Especially with complex
/ high-ticket sales, mutually exploring problems and results will take
more than one meeting. In contrast, presenting your solution in a
“dog and pony” format can be done in one meeting with little reason for
further discussions. This provides very limited exposure to the
prospect.
Instead
demonstrate how you solve problems by the way you sell (i.e.,
“mutual exploration”). In this process you are helping the
prospect understand their situation, developing rapport and fostering a
relationship over several meetings.
5.
Makes it difficult to understand
the prospect’s true intentions.
Mutual exploration
gives you the time and opportunity to assess the prospect’s true
intentions. Are they really interested in your services? Or
is this discussion a “price check”, “fishing expedition” or free
feasibility study? By presenting your solution prematurely,
you’ll never really know what the prospect’s motives are and it may end
up costing you plenty in terms of time and resources spent futilely
trying to get their business.
6.
Gives enormous advantage to a
competitor that may already have a relationship with the prospect.
Have you ever had the
prospect love your idea and then take it to their favorite consultant
to implement it? Presenting the solution prematurely makes you
extremely vulnerable to this. In these types of sales,
relationship wins. Before presenting the solution, you must
understand the prospect’s needs, their decision-making process and what
competition, if any, exists.
7.
Forces you to resort only to
claims of experience and expertise to differentiate yourself.
While touting your
experience and expertise is a valid way to set yourself apart, it’s
often not enough. Let’s face it - pretty much everybody makes
those same claims. Presenting solutions prematurely doesn’t give
you time to develop a relationship with the prospect and demonstrate
how you solve problems.
8.
Weakens your ability to prove
value for the cost or fees.
Your price or fees will
only eliminate you from the process if you haven’t first provided a
context for them. If I asked you to give me $25,000 for what’s in
this brown paper bag I’m holding, you would say, “No way!”.
That’s what it’s like for the prospect if you present your solution
before they understand what the solution will do for them.
Services are intangible and can seem mysterious and thus
expensive. The prospect needs a context to measure the value
they’ll receive for your fees. For example, if you can show
the prospect how paying $25,000 for your services will save them
$1,000,000 in the next twelve months, you’ll get much fewer price
objections.
Remember to resist the
temptation to reveal your solution prematurely for better sales success
and more satisfied clients.
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© 2004 David C.
Miller. All Rights Reserved.
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