All of us have a contacts at our prospect companies
we refer to as our "sponsor", or "champion". This is
typically the person with whom we have our initial
conversation and meeting. In all but the smallest,
deals, though, there will be other people involved with
the evaluation and, ultimately, the selection of
vendors. It stand to reason, then, that we ought to
find out something about these folks, right? But what?
We need to find out three things: first, of course, is
who they are - their names, titles, and responsibilities,
and the departments they represent. Next, both the
business and personal needs of each (see last year's
issue #9 www.sales-
solutions.biz/tips/salessolution_issue9.shtml for an
explanation of the difference between business and
personal needs, and the significance of determining
both). And third, what role will each play in the
evaluation of competing solutions, how much influence
on the final decision will each have, and who the
ultimate decision-maker is. Now, you might say, "Wait -
this is obvious. If a guy's a Senior Vice President, he's
abviously going to have more clout than a mid-level
manager. So that's the guy I'm going to target!"
Do that, and not infrequently you'll sell yourself
out of a deal. Why? Let's illustrate it with
an example. Let's say there are five people assigned to
a team to evaluate you and three of your competitors.
There is an SVP of Finance, a VP of Sales, a VP of
Marketing, and two Operations people. One of the
Operations people happens to be a rising star in the
company - he just doesn't have the title yet. So you
didn't pick this up when studying their org chart. Nor
did you pick up that he's a favorite of the CEO, nor
that the CEO has appointed him to be the team leader
for this project. Nor that this fellow has been vested
with the authority to make the final determination, and
present the team's recommendation to the CEO. A
recommendation the CEO will then rubber
stamp.
But there you are - selling the VP of Finance like
there's no tomorrow. A woman who's only there to
make sure the company gets a good deal on the
purchase. Meanwhile, one of your smart competitors
asked the right questions and figured out where the
real power lay - and now has the inside track on you.
Leaving you to finish - second. And out of the money.
ACTION ITEM
Sometimes things are not what they seem to be on the
surface. Go back and review your top 3-4 deals. Are
you 100% sure you're talking to the person who's
running the show and calling the shots? If not, find an
excuse to get over there and start asking questions -
questions that will lead you to the nexus of the power
base for the evaluation of your offering.
Good Selling!