164. The 3 Questions To Ask Prospective Customers
Jeff Matlow
I transform teams into high-performing, collaborative units | I coach female execs and entrepreneurs to fast-track success | Speaker, Podcaster | 3x entrepreneur (3 exits) | Author of The Best Leadership Newsletter Ever
Your product doesn’t matter.
I don’t even care what your product is. No... shush... don’t tell me. I don’t care.
It doesn’t matter.
If you think people are buying your product because of your product, you’re either 1) wrong or 2) a product designer.
I’ve led more than enough sales teams over the years, and have generated many millions of dollars of sales, to feel confident in my knowledge of effective sales techniques. Here’s the most important thing I’ve learned:
Product isn’t everything.
It’s something. It’s just not everything.
In fact, I have won new clients many times without even showing them the actual product I’m selling.
Selling isn’t About Selling
First of all, let’s all agree that every person at a company is a salesperson. If you think this conversation isn’t about you, think again. I don’t care what your title is and in which department you sit, everybody at a company represents the company.
Employees are the best sales tool a Company has.
Each one represents the company culture and its brand, which are two of the most important elements in attracting and retaining customers.
Secondly, customers don’t spend their days thinking about your product. In fact, the more a client thinks about your product, the more likely it means they are frustrated with it.
The product isn’t the point.
The only purpose of sales and retention is this: To solve the customer’s problems.
It’s not about you - it’s about them.
You may have already heard the analogy about the drill bit, but here it is anyway. A guy walks into a hardware store and asks for a 1/2” drill bit. But does he really want a 1/2” drill bit? No, he doesn’t. He really wants a 1/2” hole so he can assemble something.
In this case, like all others, it’s not about the product.
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Selling is not about selling. Selling is about helping to solve your customers’ problems.
The Best Sales Pitch Isn’t A Pitch
I speak to many salespeople over the course of a year and most of them seem laser-focused on talking about their company and pushing their product. They don’t even try to figure out the problem I’m trying to solve. For them, it’s all about their product, while for me it’s only about my problems.
Trying to sell a product without understanding the customers’ problems is like throwing darts in the dark: it’s hard to hit a target if you have no clue where it is.
The best sales pitch isn’t a pitch. It’s a discovery of why. (See?The Five Whys)
Every salesperson, in every new customer interaction, should be focused on answering three simple questions:
In other words:
Yes, they are simple questions, but it’s only the most talented salespeople who can elicit the most accurate responses.
You see, customers don’t always know what problem they are trying to solve. Nine times out of ten, if you ask a customer that question directly, they won’t know - or share - the answer. “We’re just exploring our options,” you’ll most likely hear.
Getting to the true answer requires finesse and an ability to garner trust very quickly. It requires honesty, empathy, and knowledge of the key issues that plague an average customer.
As I said at the top, it’s not about the product. Customers don’t care about the product and it’s your job to help them realize that.
The best companies don’t sell products, they solve problems.
Maybe it’s time you rethink how you view your company offering.
Somewhat Relevant Quote
“Nobody is going to buy from you because you have a quota to meet. They are going to buy from you because they see value in doing so."
- Bob Burg
True
Digital Transformation for the Endurance Sports Industry
2 年This is so good! I’ll def rethink how I sell myself and Tigertech to potential clients. Thanks for, as always, sharing from your ocean of wisdom ??