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The Epidemic That Is Killing Sales Pipelines
Featured Author:
Lee Salz
Lee B. Salz s a sales management guru who helps companies hire the right sales people, on-board them effectively, and focus their sales activity using his sales architecture® methodology. He is the President of Sales Architects , the C.E.O. of Business Expert Webinars and author of “Soar Despite Your Dodo Sales Manager .
Lee can be reached at lsalz@SalesArchitecture.com or 763.416.4321.
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Lee B. Salz
That said, why would you accept this meeting knowing that you already had a full day planned? The answer is obvious! Making more money is high on your priority list. When the call comes for that opportunity, all else goes by the wayside. The CEO has a solution that is aligned with your top priorities.
The same concept holds true in working with your prospects. If the solution you are presenting to a prospect is aligned with the primary area where they are challenged, full plate syndrome does not afflict your sale. The sale moves readily through the process. If not, the deal languishes in the pipeline. Similar to the old Roach Motel, the deal goes into the pipeline, but it never comes out. No return calls.
If you are in a simple-sales environment (one decision-maker), the process to align the solution with the focal area of the buyer is not overly difficult to do. However, in a complex sales environment (multi-person decision), it can be daunting. Different buying players (those who influence a sales decision) have different priorities. While cost reduction for the CFO may be a front of mind priority, the plant manager may be focused on quality improvement, and the CIO may be focused on ease of integration. The key is to align the solution for each of the buying players congruent with their priorities. While the product is the same, the positioning with each of the buying players is different.
The question to ask yourself is why should your solution be a priority for each of the heavily influential buying players? Better stated, “Why should they do this now?” Before you can answer that question, some homework is needed to find out where each of these buying players are focused. For example, if the CFO is a heavily influential decision-maker, research CFOs to find out their front of mind issues. With that knowledge, you can ask yourself, “How does my solution solve this primary issue for the CFO?”
The same process is conducted for each of the identified strong buying players. Here is the kicker…If you can’t identify how your product solves the front-of-mind problems for the heavily influential buying players, you will find the sale languishes in the pipeline, forever. Forever is an overstatement. It will stay in the pipeline until your competitor presents a solution that is aligned with their priorities and they will get the business.
Not sure how to align what you sell with your buyer’s priorities, send me an email requesting my buying player’s worksheet which will help you gather your thoughts.
