Episode #242: I Like It, It Sounds Really Good, But I Am Not Going To Buy It

You manage to get the appointment, which at the moment is seriously job well done. Trying to get hold of clients, when everyone is working from home is currently a character building exercise. You ask permission to ask questions. Well done! You are now in the top 1% pf salespeople in Japan. You do ask your questions and quickly realise you have just what they need. Bingo! We are going to do a deal here today, so you are getting pumped. But you don’t do a deal, in fact you leave with nothing but your deflated ego and damaged confidence. The finish line was right there in front of you and you fell down short. Why?

This is one of the most frustrating things in sales. You do all of the right things or so you think and then you don’t get the deal. You start analysing what went wrong. Let me save you some time on that one. You didn’t ask your questions in the right way. Finding out things like: what they want, where they are now and where they want to be, are all brilliant questions. They won’t do the deal though, because you have missed one vital step.

That step is to ask the question about where they want to be, and ask it in a specific way. We can say, “so you have mentioned to me the current state of play in the business, can you now please allow me to understand where you want the business to be going forward?”. Good try, but no cigar. That question needs an addendum. We need to ask it this way, “so you have mentioned to me the current state of play in the business, can you now please allow me to understand where you want the business to be going forward and what are the implications, if you don’t get there fast enough?”.

This is a clever phrasing of the question, because it is no longer about whether they can get there or not, but can they get there fast enough. Often, the buyer is sitting there listening to us, but thinking to themselves, “that is all very true and we will work on all of that – BY OURSELVES”. That may be the case, but the world has not stopped, so that they can get their act together at their pace, when they are ready, in the fullness of time. No, they have competitors and are engaged in a life and death struggle for survival and in that fierce contest, speed to market is a big factor. This is where we come in.

The question is a good one because it challenges their ability to get it done themselves internally and done fast enough. They have to allocate scarce resources to this project and they are already quite busy with what is on their plate now. We can provide that high level of expertise immediately and make a big difference. The best plan in the world never executed is no help. Procrastination affects people and institutions. Getting stuff done inside companies can be excruciatingly slow. So many meetings required, so may sign offs, so much paperwork and bureaucracy to wade through.

Having a problem and doing anything about it are different things. As the salesperson, the first thing we learn is that the client is never on our timetable. You need that deal now but they don’t feel any sense of urgency. We have to make sure that sense of the size of the gap between where they are now and where they need to be is enormous. So vast that they just won’t be able to do it by themselves. Also, we have to create that sense of urgency that the cost of doing nothing is not zero.

We have to paint the picture of the opportunity cost of being too slow to get going and how their competitors are active and moving forward, while they are lagging behind. If we don’t do this well they will imagine they can do it by themselves at their leisure. The person we are talking to is thinking they can be a hero to their boss by fixing the problem with no need to hire external solution providers. We could say to them, “By applying our solution now, you will speed up the opportunity to gain increased revenues. These additional revenues will not only pay for our solution very quickly but will build a war chest for you to be more agile in taking on your competitors”.

That won’t work. Why? Because it is a statement from a salesperson, trying to sell something. Instead, we need to extinguish that false hope of doing it themselves at their leisure, by pointing out through asking well constructed questions, the folly of that approach. For example, “If by applying our solution now, would it be beneficial to you to speed up the opportunity to gain increased revenues?”. After they say, “yes”, we continue. “If these additional revenues allowed you to not only pay for our solution very quickly, but also build a war chest for you to be more agile in taking on your competitors, would that assist your business?”.

We need to be sensitive to the client becoming our competitor for the needed solutions. We can most easily attack that false flag by raising the issue of speed. Few companies can move as quickly as they need to and our agility becomes our competitive advantage, as a solution provider.