TSE 1048: Sales Differentiation

Sales differentiation helps salespeople win more deals at the price point they want, and today Lee Salz talks about building a framework that will allow you to personalize your sales. Sales reps in every industry must differentiate themselves in today's market. It's crucial for sellers to have room to "color" the sales process. Origins When Lee was a kid, he had a job as a pickup and delivery driver for dry cleaning. The guy he worked for didn't own a dry cleaning business; he simply knew it was a hassle to drop off and pick up your clothes. He developed a contract with a couple of different dry cleaning firms and he charged a premium for the service. The idea took off, and Lee was intrigued by the idea that he was able to add a 40 percentage point premium by differentiating the service. He didn't actually put the idea into play until his 50th birthday after he had learned a lot about the industry. Philosophy of differentiation Lee said the philosophy translates for every possible seller. No matter what industry you're in, what size company you're in, whether you sell products or service, whether you sell B2B or B2C, and it doesn't even matter what methodology you use in your sales. The premise is simple: win more deals at the prices you want. Differentiation around what you sell Differentiation around what you sell relies on the ability to translate your passion to the person sitting on the other side of the desk. If you can't communicate your own passion about your differentiators to the person on the other side of the desk, you might as well not have anyone sitting there. The idea is to build passion and help salespeople communicate it in a meaningful way. You want your customers to believe they must have what you're selling. [Tweet "Companies have an obligation to share their differentiators with their salespeople and to explain how to position them with buyers. #SalesDifferentiation"] It's a responsibility that falls to marketing, business owners, and sales leaders. Marketing and sales differentiation Marketing differentiation is one-directional communication for the masses. Think trade shows and websites. It screams to the marketplace, "Hey! Look at us! We're here." It demonstrates all the available potential. Sales differentiation is two-directional communication with an individual, specific buyer. It takes all of the potential and personalizes it to an individual specific buyer. Everyone buys for a different reason so if you leave all the capabilities out there and rely on that to drive buyers, you'll fail. You must have salespeople who gather all the potential and bring it to the individual level. [Tweet "Solution is often used haphazardly, but it means you take what someone is looking to accomplish and align it with what you offer. #SalesSolutions"] Add those two things together and that meets the definition of solution. Two differentiation workshops It doesn't matter what you're selling. Make a list of your most common competitors who also sell what you sell. Work with your team to do the analysis. Answer two questions: Why do you win? Why do they win? Make a list of the decision influencers, the people commonly involved in the decision to buy what you sell. Again, answer two questions: What is keeping them up at night relative to your...