Sales people are always trying to create urgency, or figure out how they can accelerate a decision. The conventional approach has been to either focus on a “pain point” the buyer may want to solve with haste. The other conventional strategy is to have the client agree to a needs analysis, and leverage the outcome based on that analysis. The beauty of the latter is that no matter what the inputs, in some miraculous way, the output always pints to your product or offering.
We can talk about the merits or efficacy of these methods, they work not because of the skills of the seller, but as a result of the state of the buyer. Specifically, they either have a pain and set out to address it on their own; or realise that their current state is not optimal, hence their willingness to participate in needs analysis. But what about those who are neither in pain, and see their current state as being “satisfied”? Those buyers who respond, “we’re good”, or “we’re all set”, or similar responses. that’s where you have to work The Gap.
To start, this is not about objection handling in the context of cold call, for that click here. This is where you specifically target potential prospects who are “satisfied” in a way that allows them to understand that there are viable alternatives to their chosen path that they are not aware of or have ignored for any number of reasons. In other words, those who are not aware of any gaps in their current state.
The best way to have a prospect understand the “gap” in their current state is not to have them look in the past as many sellers do, or at their current state; people will naturally defend what they have done and what they are doing when their state is “satisfied”. Your only option is to take them into the future, then walk them back to the present to have them experience where a Gap you see exists, but they to date have not. Here is a simple and reusable example, it is somewhat general, if you would like to have it tailored to your vertical or target group, get in touch.
Seller: I am curious VP Jane, if we were sitting here 18 months from now, and you were telling me the team had hit a grand slam, what would that look like?
At this point you have to sit back and let the person talk, this may sound obvious, but I live in the real world. You have to be patient, it takes some people a couple of sentences to really get to it. You may have to help them by asking them to elaborate, expand, etc. But once they get going, once they buy into the fact that they can articulate their view for the future, i.e. their objectives, you will be amazed at the future state they paint.
What I find 95% of the time, is that “18 months from now” doesn’t look anything like “now”. Which allows you to ask the next question:
Seller: That’s a great view VP Jane, so help me understand why we are not there now?
The answer to that is the Gaps they see between where they are and where they say they actually want to be. Among the things they will lay out in their response (with help from you), will be the Gaps you can Mine to develop the opportunity.
To do this right you will need to do some work, understanding what are some common objectives similar people have had, which of those gaps they were willing to invest in, and which were only aspirational. But most importantly, you will need to be able to leverage how you have helped others “fill the Gap”, achieve their objectives, and the impacts you delivered to their business as a result. To be honest, this is not easy at first, you have to fly without product or brochure, and rely strictly on skill, knowledge, and the ability to transform that knowledge to actionable insights for your buyers. Once you can do that, you’ll be able to Mine those Gaps, and deliver sales success.
Beyond the example above, come back Thursday, and we’ll look at some ways to effectively Mine The Gap.