Friday, January 27, 2012

Right Topic, Right Moment, Right Person


It is probably now over two decades since I read the following statement from a Swiss sales trainer: “I do not sell anything to people. I just talk to them until they want to buy”
At that time he had already understood that selling is not about closing techniques and objection handling but about holding “value-adding conversations” with potential clients. What has changed since is that today sellers have to hold these conversations with crazy-busy people who have no time.

When is a conversation value adding?
For a seller to add value to a sales conversation he/she should talk:
a) about the right subject,
b) at the right moment,
c) to the right person.
This powerful combination will lead to an informed decision being made.

The conundrum though is how to figure out who the right person to talk to is, what the right subject to talk about is and when it is the right moment to talk. The short answer is that relationship intelligence among other things is an important method helping you solve this conundrum. Yet relationship intelligence is not just desk research, it is to a great extent gained through interactions (conversations) with people. So we use the same vehicle (the conversation) for a dual purpose: to gather relationship intelligence and also to get a person to make an informed decision. While the value of conversation is usually more obvious for sellers it is less so the crazy-busy prospect. For conversations geared towards relationship intelligence gathering, the problem is even more acute.

Solving the conundrum: create value-adding conversations
A clear understanding of the intended purpose of a conversation is paramount. Is it primarily focused to get decisions directly advancing the sales campaign? Or is it more about relationship intelligence gathering? While we might go into a conversation with a particular purpose in mind, we also have to be prepared that this purpose might shift during the conversation.

Let’s assume a seller has found out about an event which is triggering an urgent need within a prospective customer organization. This increases the likelihood that the moment is right to talk about the subject of the trigger event. From the seller’s knowledge of the customer’s organization, he/she also can infer which person is most likely to be concerned about this event.  The seller might be confident enough to expect, that the conversation held with this person will directly advance the sales campaign. However, early in a campaign, with a customer organization we do not know very well, there is also a high chance that our assumption will not be correct. Then the purpose of the conversation has to shift from advancing the sales campaign to gathering relationship intelligence. During the conversation, the seller might conclude that although it is the right moment and the right subject for the organization, he/she is not talking to the right person. The objective is now to get the prospect to make a decision to come forward with the name of the person in the customer organization who might be more concerned by the subject. By being agile, the seller can still get value out of the conversation. Yet there is an equally important question:

Where is the added value for anyone helping us gather relationship intelligence?
If we stay with our scenario, here are at least two thoughts why the conversation might also be valuable for the person the seller is talking to.
      Getting the right for first refusal to tackle the subject
      Fostering ones own image in the organization by referring a potential solution provider to someone more concerned about the subject

A prerequisite for these possible outcomes is obviously that the seller was able to build trust with the conversation partner. These are the social skills that oil the wheels of a good sales conversation.

How to profit from this discussion?
You can have more productive conversations with your customers if you
      Enter conversations with the right mindset,
      Have always a primary and a secondary objective for the conversation
      Are agile to switch objectives according how the conversation develops


Christian Maurer

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