Are
You Presenting What Your
Customer
is Really Buying?
by
David
W. Richardson, CSP
Owning a Porsche has always been high on my
"nice, but not necessary to have" list.
Visiting a Porsche dealership in Connecticut where I lived
twelve years ago, I was greeted by a well-dressed salesman who
immediately threw open the hood of the car and began explaining,
with great passion, the functionality of the automobile.
What I know or care about car engines could be explained in
less than two words . . . nothing.
Having heard a lot I didn't want to know, and
very little I wanted to know, I left.
Later that week I went to another dealership
and the presentation was totally different.
Instead of throwing open the hood and pontificating about the
engine, the salesman suggested that I get in the car and we go for a
test drive. As I slid
behind the wheel, he said, "Before we start, reach into the
left hand pocket and remove the genuine leather driving
gloves." Genuine
leather driving gloves, Wow! I'd
never driven any car with genuine
leather driving gloves. In
fact, I'd never heard of genuine
leather driving gloves! The
moment I slipped the gloves over my fingers, the sale was closed.
The test drive, as it turns out, was the add-on sale.
After all, a Porsche is just a Porsche . . . isn't it?
When this guy finished explaining how
"other people" look at a Porsche and its driver as it
passes them by, one word stands out -- TURBO!
Two thousand five hundred dollars more . . . five hundred
dollars per letter. This
guy knew what his customer was buying.
The first guy was selling a car, a form of transportation.
The sales professional was helping his customer invest in an
experience, satisfy a life-long dream.
He ultimately became a client of mine and
together we tested several presentation strategies.
One suggestion included installing a large mirror on the
exterior wall of his service department and to conclude the test
drive at that point. Now
the customer merely turns his head to the left as he prepares to
exit the car and develops the picture that's been in his mind for
many years.
As everything has changed in the last twenty
years, so has the way we present our products and services as well
as ourselves to our customers.
Establishing relationships with clients has always been very
important. Twenty years
ago, however, taking a client to lunch, a basketball game or perhaps
out for a round of golf certainly did enhance, if not secure, the
possibility of receiving the client's business. And when problems arose you did your best to resolve them as
soon as you could. After
all, good clients were reasonably patient clients.
Today it's altogether different. If you do not respond instantly, solve the problem, and then
immediately follow up, all the wining, dining, and baseball tickets
in the world will not save the business or the relationship. It's like an ice-covered lake.
In the past the ice was thick, solid, you could walk
anywhere. Today the ice
is thin, you need to look ahead, plan ahead, or before you know it
you will find your position is totally melted.
Competition has forced us to understand more
about our customer than every before.
It is critical to know not only what our customer buys from
us but also why they buy it, how they use it, how they make the
decision to use it, and most importantly how their customers use the
end result of the entire process.
Twenty years ago if your customer wanted a car,
you sold them a car. If
they wanted a diamond engagement ring you sold them a diamond
engagement ring. If
your customer was looking for equipment leasing, you sold them
equipment leasing. If
the customer was buying steel bars for jail cells you sold them
steel bars.
It's important to understand what your customer
is really buying from you. A
young man walks into a retail jewelry store to buy an engagement
ring for his fiancé-to-be. The
jeweler's questions revolve around the size of the stone, the
mounting, and most of all how much this young man plans to spend.
Knowing nothing about diamonds, or even if he knows a lot
about diamonds, he leaves the store to begin a process most men
abhor, shopping around.
The jeweler who really understands what his
customer is buying approaches the sale with a completely different
presentation. First he
asks the customer how he plans to present the ring to her.
Most men have absolutely no clue and respond in kind.
Recognizing what this young man is really buying, a longing
to be really deeply appreciated by her followed by an incomparable
romantic evening, not only does the jewelers school him on the great
significance of this event in her life, he helps him plan the
proposal process. In a sea of other jewelers just waiting to gobble up this
guy, this retailer will come out a winner because he truly
understands what his customer is really buying.
What is your customer really buying from you?
Well, it's certainly not the product or service you are
selling. That is merely
the by-product.
We've all been taught need-based selling, ask
the customer questions to determine their needs and make a
presentation directed at those needs.
In the twenty-first century we must go beyond
that and determine the customer's wants, their passion, a real
reason to buy from and trust you.
If you are making presentations in a
business-to-business setting, consider that what they are really
buying from you is this: A
strategic advantage in a highly competitive marketplace so that they
can deliver goods and services to their customers at a profit.
And just how many of you are involved in presentations where
that objective is the cornerstone of the presentation?
I would guess very few.
So, if the customer is seeking a strategic
advantage, why is it that the majority of the questions we ask are
tactical in nature? "How
do you use these widgets now?" . . . "How many widgets
will you be using this year?" . . . "What is your budget
for widgets this year?" .
. . "What do I have to do to win your business?"
I particularly dislike that last question because it's a
question from the decade of the seventies.
It sounds like you're more interested in making a sale than
you are in me, my business, and the development of a mutually
profitable relationship.
By asking strategic questions as a prelude to
your presentation the customer now begins to share their vision and
the concerns they face on a daily basis.
Questions like, "What are the two biggest challenges
your company will face in the next six to eighteen months?"
Let's analyze that question. "Two biggest challenges" forces them to prioritize
their answer. "Six
to eighteen months", the short-term and long-term challenges
covering all bases.
"What is the single biggest change you've
seen in your business in the last five year?"
This is a great question to get a customer talking about some
of the unique changes they have made (or haven't made) to remain
competitive in their marketplace.
Here's a great question:
"If you were in my business, recognizing that you must
make a profit, tell me two things you'd do differently".
If you were in my business" puts
them on your side of the table.
"Recognizing that you must make a profit"; without
those words the response you get could be highly revenue based.
"Tell me two things you'd do differently"; now, in
relations to the products or services you provide, the customer
tells you what is not happening in their business today.
By asking strategic questions during your
presentation you get the customer talking about ideas and concepts;
you've now entered a zone where few other people who call on this
customer will ever have the privilege of visiting.
You now have a relationship with that customer which others
can only dream about.
Carefully examine your presentations and be
absolutely sure that they meet the specific needs of your customer. Your customer listens to and participates in many
presentation every day, so many that they all begin to sound the
same.
Make your presentation unique, different, and
memorable.
To
Schedule a Speaking Engagement or Consultation
with David W. Richardson, CSP
Call 1-800-338-5831 or e-mail us at
speaking@richspeaking.com
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