Value-Based Selling demands an understanding of the stages of a basic buying process.
Committing to a Course of Action
The role of the sales rep, then, is to progress the buyer through these stages in a way that leads a buyer towards your solution and away from the competition, and to do so in a way that creates a compelling business case.
Your sales process should naturally progress your buyer from his/her pains and objectives to your solution offerings.
Whether you’re a veteran salesperson or someone who is getting his/her feet wet in the sales game, it is important to remember the fundamentals. When you encounter your next sales prospect, make sure you are executing these five steps of a value-based sales conversation.
1. Pain Points and Business Objectives
The first step is to get the prospect to admit pain points and to describe the business outcomes he/she is looking to achieve. Once you have an idea of the business pain and the future state the customer is trying to get to, you will be able to create a compelling business case.
2. Define Requirements
After you uncover the pain, the seller and the customer must jointly develop a specific and finite list of requirements that the solution must satisfy in order to address the pain points and achieve the business objectives.
Again, this needs to map back to the requirements that are top-of-mind for the buyer. Differentiation is only effective if you map it back to the decision criteria that you’ve established with the required capabilities.
Providing these references from outside sources can help your customers understand the positive business outcomes they can also expect from your solution. These proof points should include testimonials that describe how your company’s solution satisfies the requirements in a way that addresses the pain points and achieves the business objectives.
When it comes to your entire sales team executing these types of customer conversations, a Value Messaging Framework can help drive consistency in your sales organization and achieve the measurable results that improve the bottom-line. Learn more here.
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