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Identify all those departments in
buying company who might see value in your offering. Make sure they know what you are proposing and get them to be internal advocates for your solution. When you get a large enough cheering section, it’s like having a “home team” advantage.
3. Include your value in your proposal and quote.
Too often, we make our value propositions in a face to face discussion with
buyer. Then, when we believe
sale has been made, we formalize
number in a quotation or proposal. In many cases, one or more people may review this before it is signed off. Even
best sales people get blindsided by a last-minute influencer that was not disclosed earlier. When that person sees
numbers with no sense of
value, they may reject
proposal as over priced. Head this off by adding to
proposal, a summary of
value that you and
buyer agreed on.
This is
subject of chapter 12 of my new book, The Team Selling Solution: Creating and Managing Teams that Win
Complex Sales. Click on
link to learn more about it and to hear a sample of
book on CD.
So what about Bill and that $12 deal?
The customer had called Bill because he wanted a supplier who was open longer hours than his current supplier. Bill’s company is open 24-7-365. He told Bill why he wanted to switch and that he was currently paying $13 and bought thousands each year. That’s when he offered Bill
business at $12.
Bill’s mistake?
He failed to see that
customer was currently paying $13 for less service and wanted more. The customer saw value in Bill’s hours of operation. If Bill had asked why
extended hours were so important, he would have learned that
customer was paying overtime to work with
other company’s shorter hours. This move would save them many times
cost of
service. Bill could easily have justified an increase to $15 and still won
contract! His failure to see his value cost his company thousands of dollars and cost him some nice commissions.
Remember: Think Value and Win More Sales
For a free copy of "20 Questions That Uncover Your Value", please email article18@waterhousegroup.com and ask for article #18.
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.