How Can I Deliver Insight To An Executive With 25 Years Of Experience?

Insight Kid PostToday, most sales and marketing executives would agree that they should deliver insight to customers. But they question how can they deliver insight to an executive with decades of experience? The problem is that they’ve usually set the bar too high for themselves. To deliver insight, they believe they must teach the customer something new about how to run their business. No wonder they can’t do it! Instead of trying to out-think a c-level executive, it’s easier to find insights within the customer’s blind spots; namely, the optimism and status quo biases. Once salespeople discover how fertile blind spots are for uncovering insights, they will finally be able to find and deliver insights.  

Read more…

How Video Role Play Can Help Salespeople Articulate Value

Video Role PLayWhen sales messaging is delivered through a video role play platform, salespeople will no longer look at it once and forget it in the heat of a sales call. If they are required to video record themselves delivering the sales message, they will get the practice they need to internalize it, especially when they practice six times before hitting send. But while the video role play delivery platform will ensure that salespeople can deliver the sales message, it cannot ensure that the message will increase sales.

Read more…

The Status Quo Bias: Why Customers Deviate From Rational Economic Behavior

Blindfolded businessman

Blindfolded businessmanThe value to buy your product is overwhelming, and yet the customer decides not to buy. Why? The optimism and status quo bias block customers from making the rational choice to buy your product. To help customers see the value of change, sellers can counteract these negative biases by performing a reality check on the customer’s baseline and completing a risk assessment of the status quo. 

Counteract the optimism bias with a baseline reality check

Read more…

Can your salespeople articulate value or does it sound like magic?

MagicAfter nine years of working with companies on sales messaging, I have found the number one inhibitor to salespeople articulating value is they don’t create enough contrast between the ‘before’ and ‘after’ pictures of owning their product. And when salespeople fail to make the contrast feel concrete, customers can’t see the value, so it just feels like magic.

Read more…

Neuroscience Proves We Buy On Emotion & Justify With Logic & Why Deals Get Stuck In No Decision

Justify emotion with logic (2016_02_12 20_33_18 UTC)The expression that “People buy on emotion and justify with logic” has always made intuitively sense to me, but rationally it seemed like BS.

You could say “so what, who cares.” But did you know that 95% of our purchase decisions, according to Harvard Business School professor Gerald Zaltman, take place unconsciously? And yet, when we seek to persuade c-level executives, we sell almost exclusively to Mr. Rational, and wonder why deals get stuck in paralysis for analysis and end in no decision.

Read more…

The Godfather of Insight Selling – An Interview with Geoffrey Moore

BlogProvokeEveryone in technology knows of Geoffrey Moore as the author of “Crossing the Chasm.” His book has sold over 1 million copies, and crossing the chasm has become a metaphor that is universally used by companies with complex products to explain why they struggle to sell to the mainstream market. But not everyone knows that he is also the godfather of Insight Selling. In March 2009, for example, the HBR published his article “In a downturn, provoke your customer.” In this article, Moore explained why salespeople must provoke their customers with insight if they expect to have their products funded in a slow economy. I sat down with Moore to talk about the inside secrets for Insight Selling:

Read more…

Geoffrey Moore on Crossing the Chasm with Narrative Based Selling

Blog Chasm

If you work in technology, you know Geoffrey Moore is the famous author of “Crossing the Chasm.” This book has sold over 1 million copies, and crossing the chasm has become a metaphor that is universally used by companies with complex products to explain why they struggle to sell to the mainstream market. But you may not know that he also has a PhD in English literature, and this may explain why he is a proponent of narrative based selling.

Q1: Our first question for our guest is does he believe storytelling could help customers cross the chasm? “I am a huge believer in narrative. And if you think about it, particularly before the chasm, it’s 90% narrative.”

Read more…

HBR Article On When To Sell With Facts And Figures, And When To Appeal To Emotions

HBR3I just had an article published in the HBR. It’s neuroscience meets sales, and it bursts the biggest misconception is sales (click here for HBR article).

The article looks at the sales expression that customers “Buy On Emotion, And Justify With Logic” and it turns out that neuroscientists claim it’s 95% correct.

Read more…

Why Success Stories Fail At Selling Change & Insight Scenarios Win

Insight ScenarioSuccess stories are effective to use as proof and reinforcement late in the buying cycle once a customer has already formed a complete buying vision that fully recognizes “why change?” and “why you?”

These stories are easy to tell because you’re providing proof to a customer who has already recognized that he or she has a problem that your solution can solve. Success stories are effective because they gloss over the problem so that they can focus on the solution as proof.

The problem is that the vast majority of customers at any stage of the sales cycle are not yet sold on why they should change or why they should change through you.

Read more…

Example of a story that Flops vs. Pops

Win vs FailBy recognizing the difference between an insight scenario (i.e. an insight based story) that “pops” versus one that “flops,” you can see for yourself how your own insight scenarios can be changed so that they inspire prospective customers to buy, instead of providing them with no reason to change.

The mistakes made in the story that flops are common. Because the effects of not having the seller’s capabilities are abstract, the story fails to make the buyer want to change, because the risks do not feel real.

Read more…

Insight StorySelling- Lowest Risk & Best Way To Deliver Insight

Insight Selling Paper InciteImagine if your salespeople could shine a light of insight on today’s empowered customers so that they no longer underestimate the cost of the status quo and the benefits of change.

Your salespeople would no longer have to chase these empowered buyers down the road of commoditization and discounting, because they would know how to sell value and differentiate your product.

As your customers discovered the unique value of your product on their own terms, your company would achieve higher win rates, shorter sales cycles, and higher margins.

Read more…

Six reasons why Insight StorySelling trumps Verbal Persuasion

Insight Storytelling-11- Puts the customer’s ego to sleep

With an insight scenario, you can deliver insights that will only challenge the customer’s thinking, and not the customer. Because insight scenarios are about someone else, the customer does not feel under attack. A story simply presents a scenario that allows the customer to draw their own conclusions. Without feeling pressured, the customer can now relax and listen to your message, and possibly gain enough insight that they start to tell themselves a new story, where new choices make more sense.

Read more…

Why buyers push-back on insight selling & what you can do about it.

No InsightEven though insight is what buyers need, it may not be what they initially want. By the time buyers engage with a salesperson, they may already have an idea of their needs, the solution they believe they want, and what they are willing to pay. So how does the seller use insight to challenge the customer’s thinking without challenging the customer? 

Read more…

It’s amazing that 10-20% of salespeople can actually sell value

Love-Salespeople2x2While many companies complain that 80-90% of their salespeople can’t sell value, they are spraying their sales force with product presentations, and praying that their salespeople will be able to figure out why customers should buy their product. But instead of complaining, these companies should feel blessed that they can increase sales by capturing and sharing this valuable tribal knowledge with the rest of their sales force.

Read more…

Gartner study- buyers rate sales conversations dead last, but there’s hope- share customer stories

 

No SalesmanImagine running a sales team where the last person that your customers want to speak with is one of your salespeople? That’s the conclusion of a recent Gartner survey where Salespeople came in last place after technical and industrial experts, services and support, and senior executives as “the most influential personal interactions across the entire buying cycle.” (click) 

So what’s the problem?

Read more…

Telling A Story That Hooks Audiences

“Colleague Michael Harris wrote this blog post recently, and I couldn’t stop cracking up! I laughed so hard I had to read the story to my husband Tim. He laughed just as hard.

Michael uses storytelling in his sales training, and he uses this story to demonstrate why it works. Just imagine telling this story in corporate language. We’d be bored to tears.

But here’s another way to think about this story. We all have at least one story like this. A story when we screwed up big time. A story about a time we failed. A story about a near miss. A story about good friends who stick around even after misadventures.

Read more…

InsightSelling through StorySelling

Insight Selling Paper InciteTrue story. Before a meeting, a potential customer downloads, and then watches 11-videos on SAP’s CRM. So by the time the meeting rolls around, the last thing the potential customer wanted was more information, because they’re drowning in it. All they wanted from the salesperson was insight into three key areas.

So how do you sell value and differentiate your product to these empowered buyers?

Read more…

Insight Selling- How to sell value & differentiate your product with Insight Scenarios.

Buy on Amazon click or download Chapter One click

300x300Book Description

Selling value to B2B buyers today can feel like trying to stop a freight train that’s hurtling towards the sales graveyard of commoditization and discounting.

Today, an empowered buyer has done research, has a clear idea of his or her firm’s needs, and how much the firm is willing to pay. This type of buyer does not want a salesperson to talk about features and deliver a series of open-ended questions that delivers no value. What this buyer wants is insight. So, how does a salesperson deliver insight so that it challenges the customer’s thinking without challenging the customer?

Read more…

Insight selling- How Microsoft & SAP do it better

InsightSelling CoffeeWith the rise of the empowered buyer, it is no wonder that Microsoft, and SAP have embraced insight selling. But these companies have also learned that there is a gap between theory and the practical application, because insight selling is more than just using data, facts, and brilliance to shock and awe buyers about the error of their ways.

Read more…

Why customers get stuck in analysis paralysis & how to avoid it

Paralysis for Anaysis (2016_02_12 20_33_18 UTC)After working on Wall Street for 14 years, I’ve always presented facts and figures to B2B buyers, because that’s how I felt serious business people made decisions. This belief was backed by 2500-years of conditioning. It started when Plato said that man is rational, and that it’s our emotions that interfere with rational decisions. But recently I had an experience that called this belief into question. And then shortly thereafter, I was presented with a compelling study from neuroscience that also refuted this belief. So when these two events collided, the myth that buying decisions were strictly rational was busted. I now understood why customers get stuck in analysis paralysis, and what I could do to help then to avoid it.

Read more…

Insight Selling- what is insight, and why do it?

Insight Selling London UndergroundEveryone is talking about how sales & marketing must now learn how to deliver insights to their customers, because the internet has changed how people buy. So by the time a customer now engages a salesperson, they’re already 60% of the way through their buying cycle, because they’ve done most of their research online. So they don’t need more information from a salesperson. What they need is insight into what the information means.

But what is insight, why is it important, and how do you deliver it?

Read more…

Insight Selling- Challenger Sale or Fail?

Challenger Sale PlainHow do you deliver insight to your customers so that it challenges the status quo without challenging the customer?

Well, when you get sick, do you ever go onto WebMD before you visit the Doctor? So when you show up at the doctor’s office, all you want him to do is to write you a prescription for what you feel you need? And if the market for buying prescription medicine was truly competitive, wouldn’t you also be looking for a better price?

Read more…

Sales are 20X stickier with a story

Make Sales StickIf I told you that a fact, wrapped in an emotional story, is 20-times more memorable[i], would you believe it?

I didn’t at first, and neither do most people. That’s why we continue to throw facts against the customer’s wall, and watch them stick like they are coated with Teflon.

In fact, I continued to load customers up with facts until I personally experienced the power of an emotional story to make a dull fact unforgettable a few years ago at my son’s soccer game (see video of story live below).

Read more…