About Solution Selling®
Solution Selling® is not defined by what is being sold but by the behaviour and
philosophy of the seller or selling team.
Solution Selling® is a buyer-focused
process complemented by a set of practical selling tools that help sellers
understand why prospects buy and the steps they go through in making a decision.
Buyer focus
Buyers willingly buy when they have and are able to articulate:
Pain: a defined problem or opportunity for which they are responsible
Vision: a
clear understanding of how the seller's offering will be used to address the
Pain
Transition: an understanding of the tasks or steps needed to bring about
the change, often expressed as temporary, short-lived Visions
Value: the value
to them of making the change, preferably expressed in money
Power: that he/she
or they are empowered to make a commitment and buy For most buyers this
articulation is a journey of discovery. A key selling skill is the ability to
lead people and to control the process of discovery and predict the likely
selling effort required.
Knowledge and Skills
Outstanding intuitive sellers, we
call them Eagles, exhibit an ability to combine four key elements to create and
demonstrate buyer focus:
Situation knowledge - an appreciation of how drivers in
each industry sector impact and create pressure on the individual performance of
key players. For example how mergers and acquisitions create specific
difficulties for marketing directors and IT directors. The specific difficulties
are referred to as 'Pains'.
Capability knowledge - an insight into how the
product or service could be used to address and eliminate the Pains
People
skills - of building trust and establishing credibility and so being able to
motivate and lead
Selling skills - the ability to plan, monitor, motivate and
co-ordinate resources and control a selling campaign. By modelling the way in
which Eagles integrate these elements, Solution Selling®: provides a template for
the delivery of industry and product knowledge that is portable, reusable and
low cost.
Process
The Solution Selling®: process can be defined by a flowchart
that maps the development of Pain, Vision, Transition, Value, Power and overlays
the element of Control to mutual benefit. The generic flowchart is often adapted
or changed to fit the different categories of revenue.
Forecasting
A result of
the Solution Selling®: process is a strong forecasting model. The commonest
reason why sales management lose their jobs is because of an inability to
forecast revenues accurately and reliably, and consistently meet targets.
Without accurate forecasts, executive management are unable to plan effectively
so sales management are asked to move on.