We played Tripoley with our dear friends Pat and Monica recently. Ever play? Tripoley starts with betting your poker hand. Since we don’t play poker very often we always have to ask, “What beats What?” Thankfully, our hosts had printed a helpful reference:
I’ve known Tony Marabotti for decades. My friend, mentor, and former boss, he had this view on the question at hand:
To
a prospective customer evaluating vendor products or services, to quote a poker
term, here's “What beats What”:
·
Better
features beats lesser features
·
An existing
business relationship beats better features
·
Saving
money beats an existing business relationship
·
Pain
trumps all
What do you think?
Does “pain trump all”? I was
taught to sell that way “back in the day”.
But that was literally last century.
Today, I believe the Modern Buyer has a different view; a different ranking. During the final 10+ years of my career as the Master Sales Enablement Advisor at Oracle NetSuite I would coach my sellers specifically not to sell to the alleviation of pain. Would you like to see my sales-poker hand?
First, a little context. (BTW – I also coach my sellers that in the modern marketplace of this century, context is a killer app!) Contextually, selling to pain might still work for small, less-risky purchases. Pain-alleviation is closely associated with convenience and who doesn’t like convenience, HaHa!
However, in a Business-to-Business setting; meaningful, expensive, risky, business purchases… alleviating pain no longer trumps all. Truth be told, too many times I see sellers describing pain alleviation as “automate manual processes”; “save time & money”; “eliminate duplicate data entry”; and other light-weight, feature-based, sales pitches. This tactical selling technique does not resonate with strategic business decision makers. It’s analogous to selling technology:
Selling technical benefits to strategic buyers is like dogs
watching TV - they sit there and nod, but you know they can't possibly be
understanding any of it.
Madeline Ossit
In the case of selling to pain, Strategic Buyers understand the sales pitch; they simply aren’t motivated by it. It’s because manual tasks; duplicate data entry; and almost every other business pain sellers gravitate to are not pain points felt by the Business Owner or Executive Team. Worse, if that’s the extent of the seller’s justification the seller actually invites a change of context to “price”. With price-based decisions, the Modern Buyer is motivated … to get a lower price aka Discount! We do it to ourselves!
I like Anthony Parinello’s reference on how to sell to strategic buyers in his book Selling to VITO ©. I believe Very Important Top Officers live with business pain. Since they don’t feel it personally, we have to sell differently to motivate today’s VITOs.
How? Sell to goals. I like to say:
Goals are the dog; Pain is the tail. Sell to the dog, the tail comes with.
With respect to my friend Tony and all of the dogs, here is my sales-poker hand ranking:
·
Seek
to alleviate pain
·
Better
features beats pain
·
An
existing business relationship beats better features
·
A
lower price beats an existing business relationship
· Selling to business goals trumps all
GAP
When life gets tough we could get a helmet… or…
we could leverage the peace and share the power of a positive perspective.
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