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.
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