oday's New York Times had an article: The Secret to Start-Up Success: Save Customers Money. My knee jerk reaction was D-uuuhhh.
Then I paused to think, while this is so obvious, how many sales people really demonstrate how they can save their customers money? I thought I would pose a few questions, I'd love your responses:
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Then I paused to think, while this is so obvious, how many sales people really demonstrate how they can save their customers money? I thought I would pose a few questions, I'd love your responses:
- Do you, in every proposal, present a written and compelling business case about how your solution will save the customer money?
- Do you review this with your customers and get their buy in?
- Are your customers demanding this business case? Do you provide it even if they don't ask?
In
one of my companies, we are evaluating some new software tools. We are
reviewing proposals from a number of suppliers---some very large
companies. I saw the first proposals a couple of days ago. While all of
the "boilerplate" in these proposals talks to increase in productivity,
areas where we can realize savings, and other benefits, none of the
vendors provided a business justification and analysis. In the
presentations, the sales people are giving lip service to productivity
and value, but focus mostly on the neat features and capabilities. Part
of the fault is with my team, they did not ask for a detailed business
justification. However, shouldn't the sales person be providing this as
part of the value proposition and in demonstrating why we should be
buying their solution?
This caused me to reflect on other situations where we have made major purchases. It caused me to think to some the reviews we do for our clients. While everyone presents good analysis of the costs of procuring a solution, and they provide comprehensive financing alternatives, very few of the deals included a comprehensive business case, justifying the solution.
The secret to success is demonstrating visibly, using your customers' financial criteria, how you can save them money. Perhaps it's too obvious and simple. What are your thoughts?
This caused me to reflect on other situations where we have made major purchases. It caused me to think to some the reviews we do for our clients. While everyone presents good analysis of the costs of procuring a solution, and they provide comprehensive financing alternatives, very few of the deals included a comprehensive business case, justifying the solution.
The secret to success is demonstrating visibly, using your customers' financial criteria, how you can save them money. Perhaps it's too obvious and simple. What are your thoughts?
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