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Selling Today Creating Customer Value

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Read any book on sales or proposal writing. Go on a sales training course. One of the first topics that will be covered is features, advantages and benefits. Ultimately, any proposal whether verbal or written down has to persuade someone to take an action and this is done by demonstrating the benefits of taking that course of action.



In a smaller sale, especially with products it is often easy to list benefits, but with larger proposals you will have to search harder to understand the client's business problem and explain the benefits of your solution – that is, how effectively and efficiently your solution solves their business problem.

Your solution should demonstrate not only value in price, but in the services that you offer. Value is the balance of cost versus benefit, therefore you need to be explicit in highlighting the benefits to the client.

Often when a contract has been lost, the client will tell you that you were too expensive – but no-one ever gets told that they won because they were the cheapest. It is the best solution that usually wins, the one that offers the best benefits. This may be the most expensive solution, but it still may offer the best value.

So how do you create customer value? Firstly you need to take time to understand the customer's needs. When you receive an Invitation to Tender, get back to the client immediately with questions. Call them. Ask for a meeting. You may have been involved with the client pre-tender and have an understanding of their business.

You must be able to demonstrate an understanding of their business need in order to demonstrate that your solution will deliver the required benefits.

When writing your proposal, use content tailored towards the client and their business problem. We all copy re-usable text, or boilerplate in proposals – but customise it to the client. Include their name, especially in the executive summary. Let them know that the proposal is about them, not about you.

Directly address your customer's issues and offer persuasive ideas with distinct solution benefits and support your arguments with evidence. When have you delivered a similar service or solution in the past? How did that client benefit? Demonstrate your ability to deliver on your promise.

Make sure a value proposition is clearly laid out and easy to understand. Can you include a return on investment model for the client? If so do it you are showing the client you understand how to save their business money.
Selling Today Creating Customer Value
It took hundred of years before the toilet was put together with the toilet paper or the ice cream with the cone. There are so many benefits that can exist with products you have at your fingertips. It is just unfortunate that many people make their business opportunity harder than it needs to be by complicating their possibilities.

The first mistake that many people make is that they think first about what their product is before finding out the right people to surround that product. It will serve you the best when you put the right people together first and then look at each person's strength and see what they have to offer along with what they desire as the final outcome.

I am obviously talking about business partners and not employees. It will be hard to pay an employee and keep them on if you don't have the capital to support them while you figure it out. Don't fall in love with an idea to the point where it drags you away from your ultimate goal of financial independence.

There are some good questions that you can ask yourself that will help with your situation. One of the first things you can do is ask yourself with any product, how many ways can fulfill my customer and their needs? There are so many accessories or larger products that you can sell to any customer or create reoccurring visits for the same product.

This is the value of cross selling to customers and up selling to customers. Instead of trying to create every possible category necessary in your company to fulfill these clients, look at ways you can outsource and share clients with other companies out there that would work well with you or potentially be your competition.

This method helped to make tycoons out of people like Andrew Carnegie. Don't be scared by your competition or feel inferior. You have qualities that you can potentially add and so do they. This may save you both a lot of time on advertising and marketing by these simple referrals from each other or even a royalty off of a trusted client that could value from them.

Look for relationships with other firms and ways to find more value for your client's ultimate needs if you can't fulfill them.
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Both James England & Court Tuttle are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.

James England has sinced written about articles on various topics from Lose Weight, Customer Service and Marketing. . James England's top article generates over 3600 views. Bookmark James England to your Favourites.

Court Tuttle has sinced written about articles on various topics from Candida Infection, Legal Matters and Hair Removal. Cade writes about creating business opportunities and other business topics including internet mar. Court Tuttle's top article generates over 60500 views. Bookmark Court Tuttle to your Favourites.
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A lot to worry about? Nope. Not really. Just remember to ask the right questions. If you do not know the right questions, you are probably on the wrong board
 
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