Pump Up Your Sales with Solution Selling Mark Johns Senior Business Development Consultant Solution Selling Simple sale Low-risk, low-level, one or two elements, alternate choice close, yes or no answer Solution Selling Simple sale Low-risk, low-level, one or two elements, alternate choice close, yes or no answer Complex sale Higher-risk, higher-level, several to many elements, multi-step, multi-close Solution Selling An offering, made up of different components, which is proposed to resolve some specific issue(s) that a customer or prospect is experiencing. Solution Selling Solution selling is Question-based Selling More questions = More caring & concerned* More questions = More knowledgeable about their jobs, market & products* *Neil Rackham Solution Selling Steps in Solution Selling 1 - Prospecting 2 - Pre-call research 3 - Approach 4 - Meeting 5 - Presentation 6 - Follow-up Solution Selling Steps in Solution Selling 1 - Prospecting - Based on a profile Solution Selling Steps in Solution Selling 1 - Prospecting - Based on a profile 2 - Pre-call research - Various methods Solution Selling Steps in Solution Selling 1 - Prospecting - Based on a profile 2 - Pre-call research - Various methods 3 - Approach - Phone/mail/phone/mail/etc. Solution Selling Steps in Solution Selling 1 - Prospecting - Based on a profile 2 - Pre-call research - Various methods 3 - Approach - Phone/mail/phone/mail/etc. 4 - Meeting - CPIP questions Solution Selling Steps in Solution Selling 1 - Prospecting - Based on a profile 2 - Pre-call research - Various methods 3 - Approach - Phone/mail/phone/mail/etc. 4 - Meeting - CPIP questions 5 - Presentation - Offer solution(s) Solution Selling Steps in Solution Selling 1 - Prospecting - Based on a profile 2 - Pre-call research - Various methods 3 - Approach - Phone/mail/phone/mail/etc. 4 - Meeting - CPIP questions 5 - Presentation - Offer solution(s) 6 - Follow-up - Additional meetings/people/ proposals/closes Solution Selling Four types of questions C P I P Solution Selling Condition questions like: • What are your (department goals) this year? • How well do (sales & marketing) work together? • How many (of your salespeople hit their quotas last year)? How many (quit)? • Donor retention is a major issue for many nonprofits right now. What are you doing to keep your donors? Solution Selling Problem questions like: • Are you satisfied with (the leads you’re getting from your website)? • Is (launching new products) a challenge for you? In what ways? • Are you happy with (your conversion rate)? • How satisfied are you with (your current order tracking system)? Solution Selling Impact questions like: • What happens when a mailer goes out late? • How do (late payments) concern you? Your boss? • Does that create problems for (customer service reps)? The (shipping department)? What happens then? • Do you (lose customers) when that happens? Solution Selling Payoff questions like: • How would (higher open rates on your emails) help? • How would (reducing waste) affect your department budget? By how much? • Would (online ordering by the field staff) reduce (stress and errors in orders)? How much would that save? • If we found a way to (turn more lookers into buyers), would that be worth looking at? Solution Selling Response: “Frankly, I don’t know whether we can do that…” “I may have an idea for you…” “There may be a better way to do that…” “I’d like to give that some thought and see what we can do to help.” “Can we meet again next week? I’d like to work on some possible solutions for you.” Solution Selling Next steps - Gather information from buyer - Talk with smart people - Research AIA case studies & your website - Present, refine, detail - Write & present proposal - Follow-up Solution Selling Solution Selling Books: The New Solution Selling, Keith Eades Consultative Selling, Mack Hanan Selling To Big Companies, Jill Konrath Selling to VITO, Anthony Parinello SPIN Selling, Neil Rackham SPIN Selling Fieldbook, Neil Rackham Solution Selling Other resources: Sales Collateral Kit for PIP/SG/SS FSI seminars & webinars Questions?