Metaphors We Sell By
How you structure your sales pitch depends on how you model buyers.?
In our personal lives, we buy by rounding up alternatives, calculating a “bestness” score for each, and choosing the winner. In his book Tempo, the blogger/philosopher Venkatesh Rao calls this “calculative rationality.”
No accident that traditional pitch structure —?what I call the Arrogant Doctor —?assumes that buyers are calculative rationalists:?
When I started out as a founder and marketer in B2B SaaS, that’s how I pitched. After all, rounding up alternatives, ranking them, and choosing a winner seemed to be what B2B buyers did! But I ran into some big problems:
Indeed, Rao argues that when decisions get complex —?because ranking gets complicated, or because the world has changed such that old ranking models don’t apply — calculative rationality breaks down, and we switch to an entirely different decision-making mode that Rao calls “Narrative rationality.” As he defines it:?
“Narrative rationality is the ability to think, make decisions, and act [based on] the most compelling and elegant story that you can improvise about a developing enactment.”
In plainer language, we observe the world, we tease out a simple story about how people are winning now, and we use that story to guide our actions.?
That's the best description I’ve ever seen of the buyer decision-making model behind the strategic narrative framework I use with CEOs and their teams to craft sales (and other) pitches. You’re not telling the buyer “old way bad, new way good,” or about a “trend.”? Instead, you’re giving them a compelling (high stakes) and elegant (short) story about how their world has changed such that an old mindset is now a road to ruin, and there’s a new mindset for winning —?one that defines a new goal state that I call the "buyer mission.” Some examples:?
GONG
STORY: Successful sales leaders relied on their teams’ opinions => They rely on a view of reality.?
NEW BUYER MISSION: Unlock reality.
GRIN?
STORY: People tune into media companies => People follow people
NEW BUYER MISSION: Treat creators as if your brand revolves around them, because now it does. (Note: This is differentiating from most of Grin's important competitors, who essentially offer arms-length ad marketplaces.)
360LEARNING
STORY: Top-down training => Collaborative learning
NEW BUYER MISSION: Upskill from within.
FOXGLOVE
STORY: Winning robotics companies built prototypes in labs => Now they deploy autonomous production fleets of robots around the world
NEW BUYER MISSION: Understand how your (potentially millions of autonomous production) robots sense, think and act.
If the Arrogant Doctor was the selling metaphor that arose from calculative rationality, the one that emerges from narrative rationality is what I call the “Movement Champion.” The Movement Champion conveys differentiation not by saying our product is “better,” but by articulating a different goal state, born of a new take (story) about what’s happening in the buyer’s world, and building product to help buyers get there. Here's my new favorite definition of a strategic narrative: A story that transforms the act of buying into the act of joining a movement.?
Of course, even as a Movement Champion, you can (must!) present product features and address competitors. But you get to do it in a totally different, and, in my experience, more powerful, way. Having set context, instead of spouting claims of relative superiority, you can instead, even before saying anything at all about your product, explain why alternatives “weren’t built for this” movement (i.e. for helping you achieve the differentiated buyer mission you’ve laid out).?
For sure, relying on product claims without a narrative (Arrogant Doctor) is a reasonable approach if you’re selling a relatively straightforward, static product in a relatively uncrowded market, where the evaluation criteria are well understood and you’re resigned to battling it out in a feature war. But when things get complex, I’ll die on the Movement Champion (narrative) hill. A few other reasons of many:?
I presented examples of these 3 points, and of using the narrative to disqualify competitors as “not built for this,” from sales decks I worked on with CEOs and leadership teams in my recent Pavilion talk —? you can watch the video here: https://www.dhirubhai.net/feed/update/urn:li:activity:7138234013411930112/ . ?
Senior Manager Revenue Enablement | SaaS | Managing Sales Excellence Programs & Digital Selling Tools | Recurring Revenue Architect | Behavioural Trainer & Coach | Lifetime Learner
11 个月Just rewatched your GTM23 Nashville speech, Andy Raskin - awesome narrative!
Sales Repeatability | Founder @ The Closing Foundry & LiveGuru | Strategic Selling Expertise
1 年"We observe the world, we tease out a simple story about how people are winning now, and we use that story to guide our actions.?“ Amen ??
stops B2B content agencies tearing their hair out
1 年Ace (as per).
Co-Founder & Chief Product Officer at Enclave
1 年Love this Andy. What better way to champion the Old Game vs. New Game messaging you'd council business leaders to develop than to eat your own dog food ??