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Benefits for Sales Reps
Sales Rep Benefits
Get to the second call
On the first call, inside sales reps literally have 10 to 30 minutes to convince the contact to take a second meeting. There is tension on every call: the contact wants to know the cost, and the sales rep wants to describe features and benefits.
How to bridge the gap and get to the second call? Ask 4-6 key questions, and instantly create a Value Snapshot! A Value Snapshot summarizes visually the 3-5 main areas where your solutions create value for the client, and roughly estimates the potential revenue or cost impact on the Prospect’s business.
Delight and empower your internal champion
Okay, congratulations. Your Prospect is no longer just a Lead, but is now a full Opportunity. Even better news – you have someone who likes your product, takes your meeting requests, and calls you back (at least most of the time). He is your Champion.
How can you keep things moving? Well, the truth is that your Champion isn’t quite sure how to communicate your value internally. Help him (or her) help you! Go to the next level with your Prospect – collaborate on another 5 to 20 data points, and create a Business Value Profile. The Business Value Profile provides more detail on the value you can provide to the Prospect.
Determine your negotiating leverage, and maintain your premium pricing
Wow, this is going really well. Your Champion has asked for a proposal.
However, you have two challenges: you’re not sure how much budget he can access, and you fear that a competitor may be quoting a lower price than you are. The good news is that you are confident your solution is superior and that if implemented properly, your Champion will become a hero based on the benefits realized by his company.
Here’s what you do know: either your Champion is going to have to create a business case, or his boss will. Your job is to make your Champion’s job easy.
Using our web-based solution, collaborate with your Champion to refine the Business Value Profile,including your company’s costs. If appropriate, create a Value Comparison Profile, comparing your solution to the prospect’s Current approach, and/or the competitor’s approach. Also, show the Opportunity Cost of waiting!
You’re really good. You successfully equipped your Champion last year to demonstrate a business case internally and you won the deal! (Okay, so you didn’t make Club last year, but the good news is your wife (or significant other) had already planned a trip to the Bahamas, so you didn’t miss out too much.) But this year you’re close to finishing in the top 10%. You really need this renewal to get across the finish line.
Use our solution, combined with this year’s actual usage data from your client, combined with benchmark data from other clients, to create a Renewal Value Profile for you client. Show the client how much value they realized with your solution compared to (a) where they were last year without your solution, (b) where they were this year with your solution, (c) where they could be if they had adopted it fully, and (d) where your “best-in-class” customers are.
Your client will be dazzled, and if you do a good job with the numbers, they won’t haggle too much about the price.