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Webinar
Julie Thomas Shimon Abouzaglo
Today’s Webinar: The business of knowing your customer’s business
Sponsored By
2
“to SEE it” “to SHARE it” “to LEARN it” “to DO it”
The Value Academy
QuikLearn™ Courses
Webinars
White Papers
Blogs
Global Value Community,
Workgroups,
Events
Value Tools & Methods
Advisory Services
Recruiting
Who We Are & What We Do
The Value Selling & Realization (VSR™) Council is non-profit organization made up of forward-thinking Sales and
Corporate executives that operates with a central mission:
Maximize value from investments in IT-enabled change by establishing and promoting value management awareness
and understanding, standards, practices, and tools that enable technology vendors and enterprise corporate
executives to collaborate in developing and executing a “roadmap to value”.
The Value Selling & Realization (VSR™) Council
“Where the world goes for the latest value insights”
3
This document contains proprietary information of ValueSelling Associates. Its receipt or possession does not convey any rights to reproduce or disclose its
contents or to manufacture, use, or sell anything it may describe. Reproduction, disclosure, or use without specific written authorization of ValueSelling
Associates is strictly forbidden.
Julie Thomas | President and CEO
ValueSelling Associates, Inc.
The business of
knowing your customer’s business.
The key to
selling value.
A sales industry thought leader, Julie Thomas, President and CEO
of ValueSelling Associates, is a business consultant, coach,
facilitator, speaker, and author of ValueSelling: Driving Sales Up
One Conversation at a Time. She has led ValueSelling Associates
to become an award-winning, industry leader in competency-
and process-based training that measurably improves sales
performance in B2B sales organizations around the world.
4
Today’s topics
Why business acumen is important
How to engage in a business conversation
What is the relationship between business issues and justifying the
sale
How to be a better business professional
5
Business
Acumen
Keenness
Quickness
Good Judgment
Quick Decisions
6
Business
Literacy
Knowledge and
Understanding of
Financial
Accounting
Marketing
Operations
7
The relationship:
Knowledge Relevance
Credibility
8
Create business literacy
with these steps
Investigate Predict Prepare
9
The ValueSelling Framework®
10
Investigate
Local information
– Business
Journals
Industry
information
– Associations
– Trade Press
– Lists
Company
Information
– Financial statements
– Executive Messages
– Analyst Reports
11
Investigate
Research about them
and the
company/agency
Look for trends in
key financial metrics
How does this company
describe, manage,
and measure their business
health?Company/
agency
website
Earnings report
(if public)
12
Predict
Business
Issues
Business
Goals
Business
Objectives
Business
Strategies
Business
Initiatives
13
Problem
Combination of people, process,
and technology challenges
Business Issue
What customers need to address and resolve to
achieve business objectives
Value created by resolving business issues
Business
Objective
What customer needs to accomplish to maintain or
grow their business
14
Has a direct business impact
Will align to a business objective
May need to be discovered
Has a cost and a
corresponding value
Buyer’s perspective may vary
depending on their level
within an organization
Characteristics of a Business Issue
15
Prepare
16
Questions to uncover Business Issues
What’s your #1 priority or challenge?
What stands in the way of contributing
to your company’s objective?
What’s most important concern
that you need to address?
What customers need to address or resolve
to achieve business objectives
17
When the answer is a problem…
and not a business issue
Ask “why?”
“Why change?”
“Why look for a solution?”
“Why is this a priority now?”
18
Executive dialogue question types
Designed to surface customer’s view of
current conditions.
Aimed at getting prospect to momentarily experience the consequences of not
having your product or service.
Verifies shared understanding and confirms what we heard
customer say.
Raises issues that didn’t surface on their own.
Used to differentiate and create need for
your products and services.
18
19
Value
The only thing that matters is customer's perception
of the value of being able to resolve their business
issues; always a combination of tangible and
intangible components
Solution
Capabilities any vendor needs to supply to enable
customer to properly address their business issues
Value is created by solving business issues
20
Justifying the sale
Tangible Business Value:
Measurable or quantifiable positive impact on the business issue.
Value
Benefit
Cost
21
What can you do today?
• Commit to staying current and relevant!
• Learn your buyer’s industry
• Strengthen your financial literacy
• Gather specific company knowledge
Online Course
22
Summary
• We must become business professionals first,
sales professionals second
• Business executives expect peer-level
value-added relationships
• Investigate, predict, prepare –
all three steps are key to execution!
• Invest the time and effort to
stay current and relevant to
your customers and prospects
23
At the end of today’s webinar
Download a copy of today’s presentation
from our website:
Go to www.valueselling.com
Go to Resources > Webinars
24
Questions?
25
Visit the eStore at valueselling.com
• Books
• ValueSelling tools
• On-demand courses
• Complimentary library of
webinars and
newsletters
26
Follow us!
27
The proven formula
for accelerating sales results.
Thank you
Julie Thomas
julie@valueselling.com
28
The Value Academy
https://vsrcouncil.org/academy/
29
The Value Council – New Membership Plans
https://vsrcouncil.org
30
Webinar
Thank you
Shimon Abouzaglo, President of the Value Council
Shimon.Abouzaglo@VSRCouncil.org
214-709-7613

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“The Business of Knowing Your Customer’s Business - The Key to Selling Value”

  • 1. 1 Webinar Julie Thomas Shimon Abouzaglo Today’s Webinar: The business of knowing your customer’s business Sponsored By
  • 2. 2 “to SEE it” “to SHARE it” “to LEARN it” “to DO it” The Value Academy QuikLearn™ Courses Webinars White Papers Blogs Global Value Community, Workgroups, Events Value Tools & Methods Advisory Services Recruiting Who We Are & What We Do The Value Selling & Realization (VSR™) Council is non-profit organization made up of forward-thinking Sales and Corporate executives that operates with a central mission: Maximize value from investments in IT-enabled change by establishing and promoting value management awareness and understanding, standards, practices, and tools that enable technology vendors and enterprise corporate executives to collaborate in developing and executing a “roadmap to value”. The Value Selling & Realization (VSR™) Council “Where the world goes for the latest value insights”
  • 3. 3 This document contains proprietary information of ValueSelling Associates. Its receipt or possession does not convey any rights to reproduce or disclose its contents or to manufacture, use, or sell anything it may describe. Reproduction, disclosure, or use without specific written authorization of ValueSelling Associates is strictly forbidden. Julie Thomas | President and CEO ValueSelling Associates, Inc. The business of knowing your customer’s business. The key to selling value. A sales industry thought leader, Julie Thomas, President and CEO of ValueSelling Associates, is a business consultant, coach, facilitator, speaker, and author of ValueSelling: Driving Sales Up One Conversation at a Time. She has led ValueSelling Associates to become an award-winning, industry leader in competency- and process-based training that measurably improves sales performance in B2B sales organizations around the world.
  • 4. 4 Today’s topics Why business acumen is important How to engage in a business conversation What is the relationship between business issues and justifying the sale How to be a better business professional
  • 8. 8 Create business literacy with these steps Investigate Predict Prepare
  • 10. 10 Investigate Local information – Business Journals Industry information – Associations – Trade Press – Lists Company Information – Financial statements – Executive Messages – Analyst Reports
  • 11. 11 Investigate Research about them and the company/agency Look for trends in key financial metrics How does this company describe, manage, and measure their business health?Company/ agency website Earnings report (if public)
  • 13. 13 Problem Combination of people, process, and technology challenges Business Issue What customers need to address and resolve to achieve business objectives Value created by resolving business issues Business Objective What customer needs to accomplish to maintain or grow their business
  • 14. 14 Has a direct business impact Will align to a business objective May need to be discovered Has a cost and a corresponding value Buyer’s perspective may vary depending on their level within an organization Characteristics of a Business Issue
  • 16. 16 Questions to uncover Business Issues What’s your #1 priority or challenge? What stands in the way of contributing to your company’s objective? What’s most important concern that you need to address? What customers need to address or resolve to achieve business objectives
  • 17. 17 When the answer is a problem… and not a business issue Ask “why?” “Why change?” “Why look for a solution?” “Why is this a priority now?”
  • 18. 18 Executive dialogue question types Designed to surface customer’s view of current conditions. Aimed at getting prospect to momentarily experience the consequences of not having your product or service. Verifies shared understanding and confirms what we heard customer say. Raises issues that didn’t surface on their own. Used to differentiate and create need for your products and services. 18
  • 19. 19 Value The only thing that matters is customer's perception of the value of being able to resolve their business issues; always a combination of tangible and intangible components Solution Capabilities any vendor needs to supply to enable customer to properly address their business issues Value is created by solving business issues
  • 20. 20 Justifying the sale Tangible Business Value: Measurable or quantifiable positive impact on the business issue. Value Benefit Cost
  • 21. 21 What can you do today? • Commit to staying current and relevant! • Learn your buyer’s industry • Strengthen your financial literacy • Gather specific company knowledge Online Course
  • 22. 22 Summary • We must become business professionals first, sales professionals second • Business executives expect peer-level value-added relationships • Investigate, predict, prepare – all three steps are key to execution! • Invest the time and effort to stay current and relevant to your customers and prospects
  • 23. 23 At the end of today’s webinar Download a copy of today’s presentation from our website: Go to www.valueselling.com Go to Resources > Webinars
  • 25. 25 Visit the eStore at valueselling.com • Books • ValueSelling tools • On-demand courses • Complimentary library of webinars and newsletters
  • 27. 27 The proven formula for accelerating sales results. Thank you Julie Thomas julie@valueselling.com
  • 29. 29 The Value Council – New Membership Plans https://vsrcouncil.org
  • 30. 30 Webinar Thank you Shimon Abouzaglo, President of the Value Council Shimon.Abouzaglo@VSRCouncil.org 214-709-7613