Professional Documents
Culture Documents
QBS Strategy
Mismatching : is more of an instinctive defense mechanism than an intuitive response The Herd Theory : Gold Medals & German Shepherds : Fueling the sales process (Needs of Urgency) :
Mismatching - Types
1.
The Contradiction
Example : The ceilings in this house are very tall Contra : Actually, the ceilings in this home are typical for houses in this part of the city
2.
3.
One-Upsmanship
Example : Im better than you Contra : If you think your proposal is aggressive, you should see the discount of your competitor!
4.
Mismatching 5 Strategies
1.
2.
3.
4.
Did I catch you at a bad time? Am I interrupting? Is next week too soon for a presentation?
5.
Would you like to know why (List of all companies) are already using our product?
Would you like to know why (List of Newspaper and Magazine) have all featured articles about the success of our newly announced product?
Training : Popcorn Credibility Take out a piece of paper & physically create several different herd lists Categorizing reference names by industry, size or how long they have been customers Each day : practice naming the references
By category & make it a point to learn a few specific data points about each member of your herd. Rattling of the reference name by geographic location or in alphabetical order
Mr Prospect, our reliability features will increase your productivity (Gold Medal) and reduce all those pesky interruptions that would otherwise handcuff your business (German Sheperd) Performance is also an advantage for two reasons. Because our systems use advanced technology, you can access more information that ever before (Gold Medal) without any risk of overloading the system with excess network traffic (German Sheperd)
Question Based Selling (QBS)
6
More Reliable Cost Effective Less Overhead Easier to Use Easy to Manage Upgradable Proven Solution Performance (processing speed)
Gold Medals
Efficient and stylish
German Sheperds
Safe to protect family
Tandem Computers
Microsoft Johnsons Baby Shampoo Miller Lite Beer Fram Oil Filters Life Insurance Diet Food Products Organic Detergents
Maximum performance
Technology leadership Gentle on the hair Tastes great Smoother running engine Retirement savings High in taste Natural cleaning agents
Eliminates downtime
Fewer integration issues No more tears Less filling Prevents costly repairs Financial protection Low in Fat Protect the environment
Identifying needs is fundamental to any successful formula in selling Prospects, who dont recognize their own needs, wont recognize the value of offered products or service !! Transforming latent needs into active needs will escalate the prospects sense of urgency for finding a solution, which in turn, increases the probability of making a successful sale Urgency
Probability of Sale
sells !
Latent Needs
(Ignorance)
Active Needs
(Pain and Desire)
Active Needs : occur, when prospects recognize that they are no longer satisfied with the status quo Latent Needs : exist, when prospects fail to recognize that they are no longer satisfied with the status quo
Question Based Selling (QBS)
9
Conversational Layering
Curiosity
Expand Relationship
Needs Development
Qualify
Present Solutions
Commitment
Question Based Selling (QBS)
10
Their Needs
Productive Sales Forum
Your Value
Curiosity :
creates the Spark of Interest that makes prospects want to know more about the solution being offered
&
11
Hi Greg, this is Tom Freese with XYZ Corporation. I just got off the phone with Doris in Purchasing... and I have a question. If you would, could you please call me back at.... Ill be in my office today until around 15:45 oclock
To : alget@largecorporation.com From : tfreese@QBSresearch.com Date : May 23, 2010 Subject : What would happen if ....? Subject Phrases : Two Questions... On second thought.... Wanted to ask a favor.... Would like your opinion about.... Per George Thompson.....
Question Based Selling (QBS)
12
Questions :
Can I ask you a questions? Can I ask a couple specifics about your current .... environment? Would you like to hear some feedback?
Offer a suggestion :
Voice message :
Hi Susan, this is (your name & affiliation). I was hoping to catch you for a minute because I have a question.... that only you can answer. If you could please call me back, Ill be in the office this afternoon until around 16:30 oclock
Susan, how do you feel about ...... ? What is your opinion on ........?
Question Based Selling (QBS)
13
Expand Relationship
Needs Development
Qualify
Present Solutions
Commitment
Question Based Selling (QBS)
14
15
Prospects will automatically perceive a higher level of competence, credibility and value, if you demonstrate an ability to ask intelligent and relevant questions
16
How many people in the audience call on new prospect? Raise your hand, if you leave lots of voice mail messages Keep your hand up, if its tough to get prospects to call back Do you find that its difficult to get to the right person?
17
18
Types of Questions :
Mutual Value
Analytical
19
Typical starting point in most sales conversation Diagnostic Question : status question that probed for specific pieces of information about the status of an opportunity Example of Selling Superservers :
1. 2. 3. 4. 5. 6. How many file servers do you currently have installd? Is your network topology Ethernet or Token Ring? Are you using Microsoft NT or Novell? Version 3.X or 4.X? How many network segments do you support? And how many users?
20
Broader in scope Purpose : get prospect to identify potential issues, problems, concerns and desire + why those issues are important
21
Designed to get prospects think about the implication of an issue to justify the decision Example of Implication Questions :
What would happen if your computer system went down and was unavailable for an entire day? Have you ever calculated how much money every hour of unscheduled downtime is costing your company? How does management feel about recent system problems? How does system downtime affect your customers? What would happen if your data was lost completely?
22
if the competitive advantage is cost effective solution, you will want to find out to what extend the prospect is interested in saving money.
24
Are valuable closing tools How to change the focus of sales conversations from a discussion of issues and problems to a discussion about the benefits that will come from having the right solution Helps balance sales conversation : On one hand, we want to increase the prospects sense of urgency (using implication questions), on the other hand we dont want prospects to feel so overwhelmed by the magnitude of a problem that they divert their attention elsewhere. Instead, we want them to be excited about solving the problem! (here is the use of solution questions)
Example : Mr. Jenkins, if I could show you how to solve each of the issues we just discussed, would you be willing to take the next step?
25
Make the next step Their Idea How can we make prospects curious? By asking Solution Questions that give prospects a glimps of value for how they can improve their existing condition Another Opportunity to Be Creative
Mr. Prospect, in your mind, what would the ideal solution to this problem look like? If money was no object in your decision, what would you do to solve this problem? One Caution : be careful not to ask Solution Questions too early in the needs development process !! Solution Questions end the discovery process because they dangle your potential solutions out infront of a prospective buyer asking : Would you like to know how our products or service can add value?
Question Based Selling (QBS)
26
Difficulties in customers feedback : Soliciting Open, Honest and Accurate Information Neutralize the Disposition of Questions :
Wrong : Mr. Prospect, are we still in good shape to complete this deal by the end of the month? Biased with a certain positive hopefulness Right : Are we still in good shape to complete this deal by the end of the month, or do you think something might cause it to be delayed? invite the prospect to share the whole story
Neutral Questions :
Not hopeful in their delivery, nor do they urge a more positive response Designed to solicit open, honest and accurate feedback by making people comfortable enough to share their thoughts, feelings and concerns
Question Based Selling (QBS)
27
Neutral Questions :
(1). Introducing the Negative Add or no at the end of question : e.g. Mr. Prospect, would it be possible to meet later this week.... or no? The only way to know exactly, where you stand is to have a complete and accurate status and neutralizing the disposition of your questions does guarantee more open, honest and accurate information (2). The Emotional Rescue What happens if you neutralize the disposition of your questions?
First : If there are any problems brewing, you will find out about them Second : If theres good news, prospect will not only share the good news, they will be emphatically positive
Inserting the negative into your sales questions causes positive responses from prospects to become emphatically more positive
Question Based Selling (QBS)
28
Neutral Questions :
An Assertion that precedes a statement or question for the purpose of injecting humility and procuring a more productive response
Examples :
Im not sure how to ask this, but.... Without being too forward, can I ask about..... At the risk of getting myself in trouble, would you mind if .... I dont want to ask the wrong thing, but....:
If you are nearing the end of the sales process to know exactly, where an opportunity stands
Is it a fair question to ask your impression? Mr. Prospect, are we at risk of losing this business? If you were the sales person on this account, what would you be doing differently?
Its an opportunity to make a conscious decision about how best to proceed, either by addressing the outstanding issues, or cutting your losses and real locating your selling resources elsewhere
Something is holding you back, isnt it? Is it just me, or is something bothering you about this proposal? What other concerns do you have?
Adding the negative to smoke out any issues or objections that are preventing an opportunity from moving forward. Negative Dispositioning allows Salespeople to be very direct without being overly aggressive
Question Based Selling (QBS)
29
Neutral Questions :
Ask some tough questions to people, who like your solution, to see their respond to tell you how much additional coaching they need
What will you do, if your boss says the price is too high? What if someone on the committee wants to delay the project? What if they ask about different maintenance options?
30
Conversational Layering
Curiosity
Expand Relationship
Needs Development
Qualify
Present Solutions
Commitment
Question Based Selling (QBS)
31
Partial Information
Mr. Prospect, my engineer ran a series of tests on your internal systems over the last several days and he thinks you are about to have a serious customer service problem Mr. Prospect, several weeks ago we submitted a proposal for your upcoming project. If our management was able to offer you an incentive to close this deal by the end of the year, would you want to sit down and work through the details of a purchase?
Glimpses of Value
Mr. Prospect, if our product increased your companys productivity by 40 to 60 percent, would you want to see a demonstration? With one small change in strategy, we think you could dramatically improve your return on investment. Would you like me to show you how? Other customers have saved lots of money by synchronizing their maintenance contracts. Would you like to know how much?
Leveraging Momentum
Frankly, Mr. Prospect, we have figured out how to solve a series of very specific business problems that many customers in your industry currently face
Question Based Selling (QBS)
32
2.
Interest Generation
Presentation Closing Steps
3.
33
Stage I Introduction
Stage II Discovery
34
Stage 1 : Introduction
Turn Cold Call into Lukewarm Call
Stage I
Introduction
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
3 Sub-Steps :
Identify Yourself and Your Company
Example : Hello Mr. Prospect, my name is Jane Whitman and Im with Pharmacom Products Corporation.
1. 2.
Associative References
Hi, Ms. Prospect. My name is Don Smith, and Im with XYZ Company, the leading provider of office automation systems in Dallas. Ms. Prospect, I just got off the phone with Doris in purchasing.... and I have a question. Do you have a minute?
Herd Momentum
Our products are currently being used by companies like Delta Airlines, IBM, General Motors, Lanier Worldwide, Lockheed, Citicorp, Coca-cola, and the federal government just to name a few. On May 17, we are hosting a seminar to demonstrate how we have already helped many other customers solve some of the same issues that you currently face.
Glimpses of Value
Would you like to know how to significantly reduce your cost of goods sold with one simple change in strategy? If we could increase your revenue by 45%, would you be interested in hearing more about our new products?
3.
35
Stage 1 : Introduction
Turn Cold Call into Lukewarm Call
Stage I
Introduction
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
1. 2. 3.
3 Sub-Steps : Identify Yourself and Your Company Associate to Create a Sense of Familiarity The Transition into Stage II (Discovery)
Recommendation : putting yourself in a position that earns you the right to engage further and uncover the prospects needs in Stage II by asking 1 of 2 questions :
Question 1: After you have identified yourself and your company, and you have communicated your reason for calling, simply ask, Are you the right person to talk with about....? If the person is not the right person, this gives terrific opportunity to leverage a new associative reference by saying : Hi, Mr. Prospect, I just get off the phone with Joe Sandler in the Minneapolis office and he said you would be the right person to talk with about....... Do you have a minute? Question 2 : How familiar are your with ABC company? Alternative Question to Q2) : Can I ask you a question?
36
Stage 2 : Discovery
Turn Cold Call into Lukewarm Call
Stage I
Introduction
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
Q1 : Is your current I/S environment centralized or distributed? Q2 : Is your network operating system Microsoft or Novell? Q3 : Are you using version 3.X or 4.X? Q4 : How many end users do you support? Q5 : Do you develop your own SW or buy applications?
2. Broaden the Scope for Relationship 3. Transition into Stage III (Value Proposition)
Question Based Selling (QBS)
37
Stage 2 : Discovery
Turn Cold Call into Lukewarm Call
1. 2.
Stage I
Introduction
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
Narrow the Scope for Credibility Broaden the Scope for Relationship
Escalate the Value of Your Questions
Clarifying Vague-O-Nyms
Prospect : We have recently experienced significant problems Seller : What kind of problems? What do you mean with significant? When did these problems occur? Seller : When you said you want your new computer system to be easily expandable, what did you mean?
3.
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
1.
2.
3.
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
More than just scheduling additional events, its opportunity to manage your prospects expectations and expand the scope of engagement to include other people, who will play a role in the final decision. Example : Mr. Prospect, I can go on and on telling you about the value of our product..... but heres the problem. Theres no good way to show you how the product actually works over the telephone. Thats why, with most customers, we set up a meeting, demo or presentation, so you can understand how our product will address your specific issues. Would that be valuable? What if the Prospect Says YES? What if the Prospect Says NO?
Question Based Selling (QBS)
40
Stage II
Discovery
Stage III
Value Proposition
Stage IV
Close on Next Steps
More than just scheduling additional events..... What if the Prospect Says YES? Ask Who Else Needs to be Involved
Who else needs to be involved?
What if the Prospect Says NO? Suggestion : look for a reason to reengage at some point in the future.
Question Based Selling (QBS)
41
Interest Generation
Presentation Closing Steps
42
By asking questions
To lead the sales process To soften sellers suggestions To know how to best to respond (if prospects ask a question)
Goal : each question should add value in the conversation by uncovering additional information or clarifying something thats already been said How to get information from prospects? Answer : Ask a question and stop to talk (silence)
43
Probe the responsible person : Are you the right person to talk with about....? Probe the multiple players : Who else needs to be involved? Probe the decision maker & executive sponsor : Who will ultimately sign off on the purchase? Probe the anti-champion : Is there anyone, who might oppose this proposal? Probe the internal champion : How do you feel about the proposal thats on the table? How would you handle this situation, if you were in my shoes?
44
45
End
46
7. Fordere zum Handeln auf Der Kunde soll ein Muster bestellen, eine Probelieferung testen, ein Dokument herunterladen. Tritt dann mit ihm in den Dialog, der Weg ist gebahnt, weil der Kunde durch seine Aktion Interesse signalisiert.
Der Joker Werde Experte! Menschen wollen von Kennern versorgt werden. Diesen Status erreicht man, indem man lernt und sein Wissen teilt. Statt Marketing-Floskeln auf der Website besser inhaltliche Tipps geben - das strahlt Kompetenz aus. Sinnvoll kann es auch sein, ein Blog zu betreiben, Fachvortrge bei Unternehmerkongressen zu halten oder sich als Experte in der rtlichen Handwerkskammer und dem Branchenverband zu engagieren.
47