Continued from page 1
2. Muddy
waters
Another approach to getting beyond
buyer is to create a buying opportunity that requires authorization that they do not have. For example,
buyer may be authorized to purchase individual parts but not pre-assembled sub assemblies. By presenting a compelling case for
purchase of pre-assembled sub assemblies, you create a situation that requires
buyer to put you in touch with other decision-makers in
organization. You also may create a perfect excuse for going around
buyer. Since
buyer only buys parts, you must make other contacts to sell your assemblies.
This approach is ideal for companies who are combining several divisions with a Team Selling approach. Complex multi-divisional offerings usually look more like partnerships than purchases. For that reason, they must be addressed to higher level decision makers.
What's in it for you?
1. In a market where me-too products are subject to fierce price pressures, differentiation will allow you to stand out from
crowd. As such, you will have an opportunity to sell your value and gain both margin and market share.
2. If
competition continues to sell to
buyer and you sell to
higher level decision makers, you win. Higher level decision makers always trump buyers.
3. Complex sales result in unique, longer-term relationships and contracts. These higher margin deals lock out
competition.
4. Higher level relationships lead to broader opportunities and deals. When you are seen as a problem-solving resource, you will be given other opportunities to serve
client. What more could you ask for?
Try these techniques on a tough client this week. You'll be amazed at how well they work!
For a free copy of "How to Leave a Voice Mail That Gets Results", please email article16@waterhousegroup.com and ask for article #16.
Stephen Waterhouse is Principal and Founder of Waterhouse Group. They specialize in helping companies increase their sales and profits. He can be reached at 1-800-57-LEARN or steve@waterhousegroup.com.
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Stephen Waterhouse is Principal and Founder of Waterhouse Group. They specialize in helping companies increase their sales and profits.