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The Ultimate Guide to Articulating Differentiation

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<strong>The</strong> <strong>Ultimate</strong><br />

<strong>Guide</strong> <strong>to</strong><br />

<strong>Articulating</strong><br />

<strong>Differentiation</strong><br />

Help Your Sales Team Stand Out<br />

From <strong>The</strong> Competition<br />

®<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 1


THE ULTIMATE GUIDE TO ARTICULATING DIFFERENTIATION<br />

Help Your Sales Team Stand Out From <strong>The</strong> Competition<br />

In complex B2B sales, there’s always a competi<strong>to</strong>r in the sales equation. Even if your biggest<br />

competi<strong>to</strong>r is “No Decision,” effectively articulating your differentiation, and the value you provide<br />

<strong>to</strong> your cus<strong>to</strong>mer can make the difference between a closed deal and a lost opportunity.<br />

HELP YOUR SALES TEAM ARTICULATE<br />

DIFFERENTIATION.<br />

IN THIS PLAYBOOK, YOU’LL LEARN:<br />

<strong>The</strong> Three Types of Differentia<strong>to</strong>rs<br />

Two Questions that will Help Move an Opportunity Forward<br />

<strong>The</strong> One Thing that Could Derail Your Next Opportunity<br />

How <strong>to</strong> Enable Your Sellers <strong>to</strong> Demonstrate <strong>Differentiation</strong><br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 2


UNDERSTANDING DIFFERENTIATORS<br />

Three Ways <strong>to</strong> Demonstrate You’re Better than the Competition<br />

Best-in-class sellers know how <strong>to</strong> effectively articulate differentiation in a way that connects back <strong>to</strong> the<br />

positive business outcomes their cus<strong>to</strong>mers are trying <strong>to</strong> achieve. Having a solid grasp on how your products,<br />

services and company are different and better than the competition creates the opportunity for you <strong>to</strong> show<br />

value <strong>to</strong> your buyer. Differentia<strong>to</strong>rs can be broken down in<strong>to</strong> three categories:<br />

UNIQUE DIFFERENTIATORS<br />

Unique differentia<strong>to</strong>rs describe attributes of your offerings that are not<br />

available from other competi<strong>to</strong>rs. <strong>The</strong>y are helpful during the early stages<br />

of the buying cycle when cus<strong>to</strong>mers are defining their decision criteria. If<br />

a unique differentia<strong>to</strong>r is part of their required capabilities, then you are<br />

likely going <strong>to</strong> win the opportunity.<br />

COMPARATIVE DIFFERENTIATORS<br />

Comparative differentia<strong>to</strong>rs describe attributes of your offerings that<br />

are superior <strong>to</strong> or different from competitive alternatives. <strong>The</strong>y play a<br />

critical role in the middle stages of the buying cycle, when cus<strong>to</strong>mers are<br />

evaluating different vendors and available options.<br />

HOLISTIC DIFFERENTIATORS<br />

Holistic differentia<strong>to</strong>rs are less about features and functions and more<br />

about your company in general (e.g., financial stability, share of the<br />

marketplace, etc…). Holistic differentia<strong>to</strong>rs may include financial stability,<br />

company longevity and position within the industry. <strong>The</strong>se differentia<strong>to</strong>rs<br />

are most helpful during the latter stages of the buying cycle, when<br />

mitigating risk and committing <strong>to</strong> a vendor are <strong>to</strong>p of mind.<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 3


SO WHAT? SAYS WHO?<br />

Two Questions that Will Help You Win an Opportunity<br />

Effectively articulating the value and differentiation of your<br />

products and services can make or break an opportunity. If you<br />

can’t describe <strong>to</strong> your cus<strong>to</strong>mer how your solution provides<br />

value and how it is different or better than your competi<strong>to</strong>rs,<br />

one of two things will happen:<br />

1. You’ll be forced <strong>to</strong> lower your price <strong>to</strong> win the business.<br />

2. You’ll end up losing the opportunity.<br />

Differentia<strong>to</strong>rs play a critical role in the middle stages of the<br />

buying cycle, when cus<strong>to</strong>mers are evaluating available options. <strong>The</strong> right differentia<strong>to</strong>rs should map <strong>to</strong> your<br />

cus<strong>to</strong>mers’ needs and influence their buying criteria. <strong>The</strong>y should also be defensible.<br />

Rattling off reasons why you’re unique or better than your competition won’t get you very far, if you can’t<br />

show cus<strong>to</strong>mer value. <strong>The</strong> next time you’re preparing for an upcoming sales conversation, improve your sales<br />

messaging by answering these two questions, “So what?” and “Says who?”<br />

SO WHAT?<br />

First, identify the problem your product helps your buyer solve. <strong>The</strong>n ask yourself,<br />

“So what?”<br />

• “So what” if you can increase the speed in which Company Z is able <strong>to</strong> go <strong>to</strong> market?<br />

• “So what” if you can au<strong>to</strong>mate their billing process?<br />

Answer the “so what” in a way that articulates your value. How does your solution increase revenue, decrease<br />

cost or mitigate risk? Here’s an example of a great answer:<br />

“Our software will double the speed that your products can go <strong>to</strong> market;<br />

therefore, saving you $100,000 per quarter.”<br />

This answer demonstrates the differentiation in a way that maps <strong>to</strong> the Positive Business Outcomes the<br />

cus<strong>to</strong>mer is trying <strong>to</strong> achieve (quicker time <strong>to</strong> market at a lower cost).<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 4


SHOW THE EVIDENCE. WIN THE OPPORTUNITY.<br />

Says Who?<br />

SAYS WHO?<br />

After you’ve provided the “So What?,” provide the proof with<br />

the “Says Who?” Give tangible evidence that your company<br />

can do what you say it can do.<br />

Here’s an example:<br />

“I know we can do that at your company because at<br />

Company X, we implemented this solution and cut<br />

their time-<strong>to</strong>-market by 50%, saving them $500,000.”<br />

Providing the “so what” and the “says who” will help you<br />

effectively show how you’re different and/or better than the competition, as long as you offer the right<br />

context.<br />

<strong>The</strong> answers <strong>to</strong> these questions should not just articulate your value and differentiation. <strong>The</strong>y should also map<br />

directly <strong>to</strong> each cus<strong>to</strong>mer’s required capabilities.<br />

If you can’t connect your value and differentiation <strong>to</strong> the cus<strong>to</strong>mer’s problems, emphasizing even your<br />

strongest product benefits won’t win you the opportunity.<br />

Without connecting your value <strong>to</strong> specific cus<strong>to</strong>mer pain points, your “value” statements won’t necessarily<br />

show value <strong>to</strong> cus<strong>to</strong>mers. In fact, your cus<strong>to</strong>mers may feel as though they’re paying a premium for things<br />

that aren’t important and won’t necessarily contribute <strong>to</strong> their success. Your products are going <strong>to</strong> seem <strong>to</strong>o<br />

expensive, and you’ll be stuck in the dreaded price-zone.<br />

Instead, improve your sales messaging by answering “So What?” and “Says Who?” in a way that shows how<br />

you can solve your cus<strong>to</strong>mer’s problems. Link your value with their needs. Command your message and<br />

increase your chances <strong>to</strong> close the opportunity.<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 5


IT’S NOT ABOUT YOU<br />

<strong>The</strong> Slide that Could Derail Your Opportunity<br />

Think about your last sales presentation. Did it contain the<br />

slide that talked all about your company? When your company<br />

was started, how many employees you have, the number of<br />

cus<strong>to</strong>mers, your locations all over the globe….<br />

‘Hey, Mr. and Mrs. Cus<strong>to</strong>mer – Look at our logos!’<br />

If you’re a veteran seller, you likely have made this mistake.<br />

Everyone has. It’s difficult not <strong>to</strong> talk about your company<br />

in a sales presentation. However, if you’re trying <strong>to</strong> win an<br />

opportunity, you need <strong>to</strong> listen and focus your conversation on the cus<strong>to</strong>mer.<br />

Your company may be long established and have a great his<strong>to</strong>ry of pleasing cus<strong>to</strong>mers. <strong>The</strong>se fac<strong>to</strong>rs could<br />

differentiate you in the marketplace, <strong>to</strong> a point. Many sellers have been trained <strong>to</strong> talk about these holistic<br />

differentia<strong>to</strong>rs early in the sales process, when you don’t have much else <strong>to</strong> talk about. But, follow this tactic,<br />

and you’ll run the risk of derailing any opportunity before it’s even begun.<br />

TIMING IS AN IMPORTANT TOOL IN<br />

THE SALES PROCESS<br />

Timing is everything, especially when it comes <strong>to</strong> the conversations<br />

you’re having with your cus<strong>to</strong>mers. Potential cus<strong>to</strong>mers really don’t<br />

care about your financial stability or company culture when they’re<br />

trying <strong>to</strong> solve a problem. <strong>The</strong>y want <strong>to</strong> know how your solutions<br />

can help them achieve their business objectives.<br />

Early in the buying process, the client is much more focused on<br />

communicating his or her needs and evaluating how your company’s<br />

products or services match up with those requirements. This is<br />

when you need <strong>to</strong> highlight how your solutions can help alleviate<br />

the specific challenges faced by the cus<strong>to</strong>mer. It isn’t the time <strong>to</strong><br />

provide your company s<strong>to</strong>ry, no matter how good it is.<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 6


HOLISTIC DIFFERENTIATORS<br />

Holistic differentia<strong>to</strong>rs make a cus<strong>to</strong>mer feel good about doing business with you and may be most useful in<br />

confirming that the cus<strong>to</strong>mer is, indeed, making the right decision in choosing your products. Save them for<br />

late in the buying process.<br />

In the early stages of the buying cycle, listen and allow the cus<strong>to</strong>mer <strong>to</strong> communicate his or her needs. <strong>The</strong>n,<br />

provide specific ways your products and services fulfill those needs. When you have effectively made the case<br />

that your company has the right solution for the cus<strong>to</strong>mer, seal the deal using holistic differentia<strong>to</strong>rs.<br />

Holistic differentia<strong>to</strong>rs do one thing. <strong>The</strong>y mitigate risk. <strong>The</strong>y help make your soon-<strong>to</strong>-be cus<strong>to</strong>mer feel<br />

comfortable about doing business with you. If you find yourself discussing your company’s financial stability<br />

or its leading position in the industry, instead of engaging your cus<strong>to</strong>mers in a discussion of their needs and<br />

requirements, it’s time <strong>to</strong> re<strong>to</strong>ol your approach.<br />

Logos make for nice and colorful PowerPoint slides. Mapping solutions <strong>to</strong> problems make for signed<br />

opportunities.<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 7


ARTICULATING DIFFERENTIATION<br />

Checklist for Seller Success<br />

USE DISCOVERY QUESTIONS<br />

<strong>The</strong> better your discovery process, the better you’ll be able <strong>to</strong> articulate differentiation. Effective discovery<br />

questions uncover cus<strong>to</strong>mer needs and pain points that help you effectively differentiate your solutions<br />

throughout the sales cycle.<br />

MAP YOUR CUSTOMER NEEDS TO YOUR SOLUTIONS<br />

Once you’ve uncovered the buyer’s needs, articulate your differentia<strong>to</strong>rs in a way that speaks <strong>to</strong> those pain<br />

points and business objectives. Make your differentiation relevant <strong>to</strong> buyer needs.<br />

REMEMBER THE COMPETITION<br />

Buyers want options. Your competi<strong>to</strong>r is always part of the equation. Understand what the competition is<br />

offering and what differentia<strong>to</strong>rs they’ll be articulating. Be audible-ready early in the sales cycle <strong>to</strong> present<br />

your differentia<strong>to</strong>rs and help set the decision criteria.<br />

RIGHT DIFFERENTIATORS, RIGHT TIME<br />

Buyers care mostly about how your solution can solve their problems. Use unique or comparative<br />

differentia<strong>to</strong>rs early in the sales cycle. Use holistic differentia<strong>to</strong>rs at the end of the buying cycle <strong>to</strong> help mitigate<br />

risk.<br />

SHOW YOUR VALUE<br />

Remember the “So What?” Make sure your differentia<strong>to</strong>rs articulate value. Tie your differentiation <strong>to</strong> how your<br />

solution can increase revenue, decrease cost or mitigate risk.<br />

PROVIDE DEFENSIBLE DIFFERENTIATION<br />

Provide the proof. Your differentia<strong>to</strong>rs need <strong>to</strong> provide tangible evidence that you can do what you say you can<br />

do as well as what the cus<strong>to</strong>mer needs you <strong>to</strong> do.<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 8


DRIVE SALES TEAM SUCCESS<br />

Enable Your Sales Force <strong>to</strong> Articulate <strong>Differentiation</strong><br />

If your prospects are making a complex B2B vendor decision, they’ve likely done a lot of research on your<br />

company and your products before you even start your sales conversation. When potential cus<strong>to</strong>mers eventually<br />

talk <strong>to</strong> a salesperson, they often don’t need or want <strong>to</strong> have product-focused discussions. Instead, they’re<br />

interested in how your offerings will help them remove pain and/or achieve gain; they’re looking <strong>to</strong> engage in<br />

a problem/solution dialogue.<br />

A sales messaging framework can give an entire sales team the ability <strong>to</strong> articulate the value and differentiation<br />

of your product and service offerings, leading <strong>to</strong> successful sales conversations that link cus<strong>to</strong>mers’<br />

high-priority needs <strong>to</strong> your business solutions.<br />

CHOOSE A CUSTOMIZED SOLUTION THAT<br />

DRIVES RESULTS<br />

Is your sales team articulating your value in a way that differentiates your solutions? Without a focus<br />

on consistent problem/pain/solution messaging, you may find your sales team experiencing lower<br />

sales volumes and reduced margins, while struggling <strong>to</strong> meet their goals.<br />

If you wipe the slate clean every time you launch a new program, you’ll be left with one-off<br />

achievements rather than long-term success. Our Command of the Message® methodology drafts<br />

in<strong>to</strong> your best practices, while giving you the <strong>to</strong>ols necessary <strong>to</strong> drive repeatable and measurable<br />

results.<br />

Align your organization behind your value message. Drive bot<strong>to</strong>m-line impact, including:<br />

• Higher competitive win rates<br />

• Higher average deal size<br />

• Greater deal margins<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 9


DRIVE PREDICTABLE REVENUE GROWTH.<br />

IMPROVE SALES PRODUCTIVITY.<br />

LET’S GET STARTED.<br />

Let us help you create a more efficient and effective sales force<br />

that creates bot<strong>to</strong>m-line impact.<br />

CONTACT US<br />

®<br />

© GROWTHPLAY 2016 | GROWTHPLAY.COM 10

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