Developing A Sales Strategy/solution Selling/technical Selling
The "art" of technical selling (solution selling) follows a three stage process...
- Stage 1: Sell the appointment: Never sell over the telephone. The aim of the first contact with a prospective purchaser is to sell the appointment. The reason is simple; industrial sales are complex, any attempt to sell over the phone will trivialise your product or service and run the risk of not fully understanding the customer's need.
- Stage 2: Understand their needs: The best method of selling is to minimise the information about your goods or services until you have fully understood your customer's requirements.
- Stage 3: Develop and propose a solution: The solution is (of course) developed from your (or the firm's) product or service offerings.
In solution selling, it is essential not to sell the solution before you understand the customer's requirements. Otherwise you may unwittingly sell him on how ill-suited your solution is to his requirements. To illustrate, imagine a couple tells an architect, "We want to build a house." If the architect immediately responds with a design without learning the details of the clients' desires and requirements, he will likely alienate them. If he patiently learns what the clients need, he has a much greater chance of successfully selling his services.
Marketing supports solution selling through methods like account-based marketing—understanding a specific target organization's requirements as the foundation of a marketing program. As research shows, sales success is heavily weighted towards suppliers who understand the customer. In UK research, 77 per cent of senior decision-makers believe new suppliers' marketing approaches are poorly targeted and make it easy to justify staying with current suppliers).
Sales force management has a critical function in industrial selling, where it assumes a greater role than other parts of the marketing mix. Typical industrial organisations depend on the ability of their sales people to build relationships with customers. During periods of high demand (economic boom), sales forces often become mere order takers and struggle to respond to customer requests for quotations and information. However, when economic downturn hits it becomes critical to direct the sales force outward to sell.
Read more about this topic: Industrial Marketing
Famous quotes containing the words developing, sales, strategy, solution, selling and/or technical:
“Females serve as ever-present reminders to developing males of what they must not become.”
—Ethel Strainchamps, U.S. author. Woman in Sexist Society, ch. 16 (1971)
“The damned are in the abyss of Hell, as within a woeful city, where they suffer unspeakable torments, in all their senses and members, because as they have employed all their senses and their members in sinning, so shall they suffer in each of them the punishment due to sin.”
—St. Francis De Sales (15671622)
“That is the way of youth and life in general: that we do not understand the strategy until after the campaign is over.”
—Johann Wolfgang Von Goethe (17491832)
“Who shall forbid a wise skepticism, seeing that there is no practical question on which any thing more than an approximate solution can be had? Is not marriage an open question, when it is alleged, from the beginning of the world, that such as are in the institution wish to get out, and such as are out wish to get in?”
—Ralph Waldo Emerson (18031882)
“Only conservatives believe that subversion is still being carried on in the arts and that society is being shaken by it.... Advanced art today is no longer a causeit contains no moral imperative. There is no virtue in clinging to principles and standards, no vice in selling or in selling out.”
—Harold Rosenberg (19061978)
“The best work of artists in any age is the work of innocence liberated by technical knowledge. The laboratory experiments that led to the theory of pure color equipped the impressionists to paint nature as if it had only just been created.”
—Nancy Hale (b. 1908)