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Traditionally, sales people (especially when they are selling technology or technology enabled solutions ) are trained and conditioned to lead with features and benefits rather than focusing on the Value of their service offering to their prospect’s business.
The issue with this approach is not only that every other sales person on the planet, especially competitors, will say the same thing, BUT the bigger issue, as we have so often witnessed, is that “ People don’t know what they don’t know ”.
What exactly do I mean by that? Well, I am not a very tech savvy person, but I am a consumer, a buyer, a business person, so I am looking at sales people to act as consultants and to guide me.
What Experiences Have You Had Buying A New Car?
Right now, I am in the process of buying a new car and I am really lost, because I don’t know what I don’t know and car sales people certainly aren’t trained to focus on understanding what is of Value to me. They lead with features of their vehicles all the time, and occasionally add a few of the benefits. They tell me the car has good traction (a feature), or a model has navigation (also a feature) connected hands-free to my smartphone so I can keep my eyes on the road (a benefit). But what they fail to mention is, what Value those features and benefits would bring to my life.
If they would ask me questions, such as “ How important is safety to you ?”, then they could mention all the features and benefits that their car showcases and wrap it into a safety message. Being able to navigate without having to use a phone would mean I can focus on driving a car rather than handling my phone (a benefit of the navigation system), wouldn’t it? And that would mean driving safer (Value)!
This is the area where most sales people fail. They don’t understand that people don’t buy their products or services’ features, but people are looking at solutions that can improve their life or business.
What is a Failover? – And How Could I Possibly Need it?
One of our clients in the technology industry sells failover solutions. They are the leader in their industry and their solutions ensure that companies are connected to the internet at all times. BUT, what does that mean to the clients?
If a salesperson would call on me and ask “ Are you interested in our failover solutions ?” I wouldn’t even know what they are referring to. While I am one of those people who might ask what a failover solution actually is, (that is, if that call is not the tenth useless sales call I had received that day) there are many people out there who wouldn’t (perhaps they don’t want to admit that they don’t know something or simply have no clue) and just say “ I’m not interested, thanks ”.
And, here we go again. We don’t know what we don’t know!
The Alternative – Show Me The VALUE!!
If the salesperson however were to ask me if I ever experienced internet outages (who hasn’t?) and how that affected my business, that would certainly lead to a very interesting conversation. First of all, I would mention the many times when that has happened and how disruptive it has been to my business.
This would not only create awareness of an issue that I hadn’t entertained since the last time it happened, it would also shine light on the fact that I might have potentially lost money during those outages. In essence, I didn’t know that I needed a “failover” solution, because I don’t know what I don’t know.
Here is what’s important to understand when selling solutions. Features and benefits just support the Value that your solution brings to the market. Your sales people first need to learn to lead with Value and ask the right kind of pertinent questions in order to create the awareness in the mind of the buyer how a particular offering is relevant to and of VALUE to their business.
Related: What is Your Business Growth Worth to You?
If you as a sales person fail to do that, you will not be able to sell as successfully as you potentially could. If companies don’t help their sales people embrace a Consultative approach to Sales, Business Development and Service, plus support them with training and insights of successful and experienced professionals, the competition will at some point have a leg up on them. Your product or service that “sells itself” will not be able to do that for all time. Eventually competitors will appear with something similar, perhaps less expensive and possibly offer about the same features. What differentiates yours from the competition, then?
That’s just the way it is. In the end, people don’t buy features and benefits but they do buy what your product or service means to their bottom line, their business effectiveness or their business’ reputation.