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Bob Apollo
Inflexion-Point
The Essentials of
Value Selling:
Tackling Today’s #1 Sales
Effectiveness Challenge
Sales Skills?
Today’s #1 Sales Effectiveness Challenge…
Product Knowledge?
Not enough leads?
Our sales people’s inability to make a clear
connection between our product capabilities
and our customer’s business issues”#1
Today’s #1 Sales Effectiveness Challenge…
“
[Sirius Decisions survey of B2B sales leaders and CEOs]
Why sales people struggle to create value…
Senior business
execs value relevant
business expertise
4* more highly than
product knowledge
[Sirius Decisions]
Average sales people are
4* more likely to be
proficient in product
knowledge than in
business expertise
[Forrester]
^
^SALESVALUEGAP
4*
Business
Expertise
Product
Knowledge
4*
of apparently well-qualified opportunities
now end in a decision to “do nothing”
[Sales Benchmark Index]
60%
Average sales cycles
are now running 24% longer than they did
just 2 years ago
[Sirius Decisions]
43%
more stakeholders are now involved in a
typical buying decision than 3 years ago
[IDC]
As if things weren’t tough enough already…
In complex, high-
value B2B sales, top
performers are
3* more effective
than the average,
but only represent
5-15%
of sales population
[CEB]
The gap between the best and the rest…
Average
Sales
People
3*
Top
Sales
Performers
Mastering Value Selling:
The proven remedy for today’s
#1 sales effectiveness challenge
What does Value Selling involve?
Creating and capturing
relevant value for
everybody involved in
every customer interaction
Eliminate
Business Risk
Reduce
Costs
Increase
Revenues
Achieve
Strategic Goals
Uniquely Valuable Solutions
High-PAYBACK SolutionsHigh-IMPACT Issues
Critical Business Problems
> Symptoms
> Consequences
> Causes
> Victims
> Negative Value
Their Most Critical Problems Your Most Valuable Solutions+
The Essentials of Value Selling:
WHAT to Focus on…
The Essentials of Value Selling:
WHO to Target…
Most Important Stakeholders
Business Critical Issue…
> Symptoms
> Consequences
> Causes
> Victims
Business Critical Issue…
> Symptoms
> Consequences
> Causes
> Victims
Key Stakeholder Profiles
> Titles, Roles + Responsibilities
> Departmental Priorities
> Relationships with Colleagues
> Issues, Concerns + Motivations
> Key Sources of Influence
Most Valuable Prospects
Ideal Customer Profile
> Demographics:
Size, Sector, Location
> Structural Characteristics
> Behavioural Characteristics
> Situational Characteristics
Which Organisations to Target? Which Roles to Target?+
The Essentials of Value Selling:
Identifying the Customer’s Value Gap…
REASONS
TO
CHANGE
=
The Customer’s CURRENT SITUATION
The Customer’s DESIRED FUTURE STATE
The MOTIVATION Gap:
Helping the prospect to acknowledge
that there is a compelling reason to act
The DIFFERENTIATION Gap:
Persuading the prospect you can
offer a uniquely valuable solution
The PRIORITY Gap:
Convincing the prospect that this project
should be at the top of their priority list
Why Now?
Why You?
Why Change?
The Essentials of Value Selling:
Bridging the Customer's Value Gap…
The Customer’s CURRENT SITUATION
The Customer’s DESIRED FUTURE STATE
ImplementingConfirmingValidatingSelectingDefiningInvestigatingUnconcerned
The Essentials of Value Selling:
Facilitating the Prospects’ Buying Journey…
Decide to
take Action
Preferred
Vendor
Ready to
go Ahead
Vision of a
Solution
Negotiation
Complete
Recognise a
Problem
57%
67%
70%
57%
67%
70%
The Essentials of Value Selling:
Engaging the Prospect Early…
Only a quarter of buying
decisions go to a vendor that
only got actively involved later
in the decision cycle 26%
74%
Three quarters of buying
decisions go the vendor who
does most to shape the
prospect’s vision of a solution
[Forrester]
ImplementingConfirmingValidatingSelectingDefiningInvestigatingUnconcerned
Vision of a
Solution
Defining
THE
CRITICAL
PERIOD
The Essentials of Value Selling:
Creating + Capturing Value during every phase…
EDUCATING AMPLIFYING INFLUENCING PERSUADING NEGOTIATING PRIORITISING RESOLVING
ImplementingConfirmingValidatingSelectingDefiningInvestigatingUnconcerned
Guiding sales people in what they need to
know and do in every customer interaction…
VALUE SELLING SYSTEM®
VALUE
SELLING
SYSTEM®
FOCUS
PROCESS
PLAYBOOKS
PLANS
VALUE SELLING SYSTEM®: FOCUS
VALUE
SELLING
SYSTEM®
FOCUS
PROCESS
PLAYBOOKS
PLANS
-  PROBLEMS
-  PROSPECTS
-  STAKEHOLDERS
-  TRIGGERS
-  DIFFERENTIATORS
VALUE SELLING SYSTEM®: PROCESS
VALUE
SELLING
SYSTEM®
FOCUS
PROCESS
PLAYBOOKS
PLANS
-  UNCONCERNED
-  INVESTIGATING
-  DEFINING
-  SELECTING
-  VALIDATING
-  CONFIRMING
-  IMPLEMENTING
VALUE SELLING SYSTEM®: PLAYBOOKS
VALUE
SELLING
SYSTEM®
FOCUS
PROCESS
PLAYBOOKS
PLANS
-  PROSPECTING
-  QUALIFYING
-  JUSTIFYING
-  DEMONSTRATING
-  PROPOSING
-  NEGOTIATING
VALUE SELLING SYSTEM®: PLANS
VALUE
SELLING
SYSTEM®
FOCUS
PROCESS
PLAYBOOKS
PLANS
-  TERRITORY
-  ACCOUNT
-  OPPORTUNITY
-  MEETING
VALUE SELLING SYSTEM®
VALUE
SELLING
SYSTEM®
FOCUS
PROCESS
PLAYBOOKS
PLANS
A systematic approach to driving predictable revenue growth…
SALES
ACCOUNTING
SYSTEM
✗
SALES
ENABLEMENT
PLATFORM
✓
Why have most CRM implementations
failed to facilitate value selling?
The
Value Selling System®
powered by Membrain
Available as an
all-in-one CRM or
integrated into
Salesforce…
FIND OUT MORE AT
www.inflexion-point.com/membrain
Business
Expertise
Product
Knowledge
4*
Senior business
execs value relevant
business expertise
4* more highly than
product knowledge
[Sirius Decisions]
4*
Average sales people are
4* more likely to be
proficient in product
knowledge than in
business expertise
[Forrester]
^
^SALESVALUEGAP
3* In complex, high-
value B2B sales,
top performers are
3* more effective
than the average,
but only represent
5-15%
of sales population
[CEB]
Average
Sales
People
Top
Sales
Performers
If we succeed in
mastering these
value gaps…
We will progressively eliminate
this sales performance gap…
The MOTIVATION Gap:
Helping the prospect to acknowledge that
there is a compelling reason to act
The DIFFERENTIATION Gap:
Persuading the prospect you can offer a
uniquely valuable solution
The PRIORITY Gap:
Convincing the prospect that this project
should be at the top of their priority list
Why Now?
Why You?
Why Change?
The Customer’s CURRENT SITUATION
The Customer’s DESIRED FUTURE STATE
20% reduction in
average sales cycle
24% increase in
average win rate
15% improvement in
average sales value
[Sales Benchmark Index]
Shorten time-to-productivity for new hires…
More accurate sales forecasts…
Fewer end-of-month/quarter surprises…
More sales people on quota more often…
REQUEST MORE
INFORMATION
www.inflexion-point.com/membrain
Find Out More…
http://www.inflexion-point.com/value-selling-guide
DOWNLOAD THE GUIDE
Bob Apollo
Inflexion-Point
www.inflexion-point.com
Contact me directly:
Phone: +44 7802 313300
Email: bob@inflexion-point.com
The Essentials of
Value Selling

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The Essentials of Value Selling

  • 1. Bob Apollo Inflexion-Point The Essentials of Value Selling: Tackling Today’s #1 Sales Effectiveness Challenge
  • 2. Sales Skills? Today’s #1 Sales Effectiveness Challenge… Product Knowledge? Not enough leads?
  • 3. Our sales people’s inability to make a clear connection between our product capabilities and our customer’s business issues”#1 Today’s #1 Sales Effectiveness Challenge… “ [Sirius Decisions survey of B2B sales leaders and CEOs]
  • 4. Why sales people struggle to create value… Senior business execs value relevant business expertise 4* more highly than product knowledge [Sirius Decisions] Average sales people are 4* more likely to be proficient in product knowledge than in business expertise [Forrester] ^ ^SALESVALUEGAP 4* Business Expertise Product Knowledge 4*
  • 5. of apparently well-qualified opportunities now end in a decision to “do nothing” [Sales Benchmark Index] 60% Average sales cycles are now running 24% longer than they did just 2 years ago [Sirius Decisions] 43% more stakeholders are now involved in a typical buying decision than 3 years ago [IDC] As if things weren’t tough enough already…
  • 6. In complex, high- value B2B sales, top performers are 3* more effective than the average, but only represent 5-15% of sales population [CEB] The gap between the best and the rest… Average Sales People 3* Top Sales Performers
  • 7. Mastering Value Selling: The proven remedy for today’s #1 sales effectiveness challenge
  • 8. What does Value Selling involve? Creating and capturing relevant value for everybody involved in every customer interaction
  • 9. Eliminate Business Risk Reduce Costs Increase Revenues Achieve Strategic Goals Uniquely Valuable Solutions High-PAYBACK SolutionsHigh-IMPACT Issues Critical Business Problems > Symptoms > Consequences > Causes > Victims > Negative Value Their Most Critical Problems Your Most Valuable Solutions+ The Essentials of Value Selling: WHAT to Focus on…
  • 10. The Essentials of Value Selling: WHO to Target… Most Important Stakeholders Business Critical Issue… > Symptoms > Consequences > Causes > Victims Business Critical Issue… > Symptoms > Consequences > Causes > Victims Key Stakeholder Profiles > Titles, Roles + Responsibilities > Departmental Priorities > Relationships with Colleagues > Issues, Concerns + Motivations > Key Sources of Influence Most Valuable Prospects Ideal Customer Profile > Demographics: Size, Sector, Location > Structural Characteristics > Behavioural Characteristics > Situational Characteristics Which Organisations to Target? Which Roles to Target?+
  • 11. The Essentials of Value Selling: Identifying the Customer’s Value Gap… REASONS TO CHANGE = The Customer’s CURRENT SITUATION The Customer’s DESIRED FUTURE STATE
  • 12. The MOTIVATION Gap: Helping the prospect to acknowledge that there is a compelling reason to act The DIFFERENTIATION Gap: Persuading the prospect you can offer a uniquely valuable solution The PRIORITY Gap: Convincing the prospect that this project should be at the top of their priority list Why Now? Why You? Why Change? The Essentials of Value Selling: Bridging the Customer's Value Gap… The Customer’s CURRENT SITUATION The Customer’s DESIRED FUTURE STATE
  • 13. ImplementingConfirmingValidatingSelectingDefiningInvestigatingUnconcerned The Essentials of Value Selling: Facilitating the Prospects’ Buying Journey… Decide to take Action Preferred Vendor Ready to go Ahead Vision of a Solution Negotiation Complete Recognise a Problem
  • 14. 57% 67% 70% 57% 67% 70% The Essentials of Value Selling: Engaging the Prospect Early… Only a quarter of buying decisions go to a vendor that only got actively involved later in the decision cycle 26% 74% Three quarters of buying decisions go the vendor who does most to shape the prospect’s vision of a solution [Forrester] ImplementingConfirmingValidatingSelectingDefiningInvestigatingUnconcerned Vision of a Solution Defining THE CRITICAL PERIOD
  • 15. The Essentials of Value Selling: Creating + Capturing Value during every phase… EDUCATING AMPLIFYING INFLUENCING PERSUADING NEGOTIATING PRIORITISING RESOLVING ImplementingConfirmingValidatingSelectingDefiningInvestigatingUnconcerned Guiding sales people in what they need to know and do in every customer interaction…
  • 17. VALUE SELLING SYSTEM®: FOCUS VALUE SELLING SYSTEM® FOCUS PROCESS PLAYBOOKS PLANS -  PROBLEMS -  PROSPECTS -  STAKEHOLDERS -  TRIGGERS -  DIFFERENTIATORS
  • 18. VALUE SELLING SYSTEM®: PROCESS VALUE SELLING SYSTEM® FOCUS PROCESS PLAYBOOKS PLANS -  UNCONCERNED -  INVESTIGATING -  DEFINING -  SELECTING -  VALIDATING -  CONFIRMING -  IMPLEMENTING
  • 19. VALUE SELLING SYSTEM®: PLAYBOOKS VALUE SELLING SYSTEM® FOCUS PROCESS PLAYBOOKS PLANS -  PROSPECTING -  QUALIFYING -  JUSTIFYING -  DEMONSTRATING -  PROPOSING -  NEGOTIATING
  • 20. VALUE SELLING SYSTEM®: PLANS VALUE SELLING SYSTEM® FOCUS PROCESS PLAYBOOKS PLANS -  TERRITORY -  ACCOUNT -  OPPORTUNITY -  MEETING
  • 21. VALUE SELLING SYSTEM® VALUE SELLING SYSTEM® FOCUS PROCESS PLAYBOOKS PLANS A systematic approach to driving predictable revenue growth…
  • 22. SALES ACCOUNTING SYSTEM ✗ SALES ENABLEMENT PLATFORM ✓ Why have most CRM implementations failed to facilitate value selling?
  • 23. The Value Selling System® powered by Membrain Available as an all-in-one CRM or integrated into Salesforce… FIND OUT MORE AT www.inflexion-point.com/membrain
  • 24. Business Expertise Product Knowledge 4* Senior business execs value relevant business expertise 4* more highly than product knowledge [Sirius Decisions] 4* Average sales people are 4* more likely to be proficient in product knowledge than in business expertise [Forrester] ^ ^SALESVALUEGAP 3* In complex, high- value B2B sales, top performers are 3* more effective than the average, but only represent 5-15% of sales population [CEB] Average Sales People Top Sales Performers If we succeed in mastering these value gaps… We will progressively eliminate this sales performance gap… The MOTIVATION Gap: Helping the prospect to acknowledge that there is a compelling reason to act The DIFFERENTIATION Gap: Persuading the prospect you can offer a uniquely valuable solution The PRIORITY Gap: Convincing the prospect that this project should be at the top of their priority list Why Now? Why You? Why Change? The Customer’s CURRENT SITUATION The Customer’s DESIRED FUTURE STATE
  • 25. 20% reduction in average sales cycle 24% increase in average win rate 15% improvement in average sales value [Sales Benchmark Index] Shorten time-to-productivity for new hires… More accurate sales forecasts… Fewer end-of-month/quarter surprises… More sales people on quota more often…
  • 26. REQUEST MORE INFORMATION www.inflexion-point.com/membrain Find Out More… http://www.inflexion-point.com/value-selling-guide DOWNLOAD THE GUIDE
  • 27. Bob Apollo Inflexion-Point www.inflexion-point.com Contact me directly: Phone: +44 7802 313300 Email: bob@inflexion-point.com The Essentials of Value Selling