The Price Is Right?

Finding A Solution

"[Our] customers have a problem and are looking for a solution," says Nelson. "That's what they want to hear from [us]." For example, when a client asks Crystal Group for a price quote on a specific computer system, the salesperson doesn't start rattling off numbers. Instead, the individual begins a series of questions about the customer's needs. The same can be done at most any company.

To find out this information, you can, for instance, ask customers such things as: What is the application? Are there problems with the product or service you're currently using? How often does the product need to be replaced? What does that cost your company? What types of things does your current warranty cover? How are you being serviced and have you been generally satisfied with the service? By asking these types of questions, the company is able to distinguish itself from its competitors and take the focus off price. Your customers will begin thinking about getting the best value, not getting the cheapest product or service.

To find out what's most important to each customer, your sales staff should treat each client individually. In many cases, a crucial factor to one is minor to another. This requires salespeople to focus on the needs of the prospect in front of them, not what another customer thinks is most important or, worse, what the salesperson thinks is paramount.

Too often (and usually due to bad sales training), salespeople spend most of a call spouting off the benefits of their product or service, regardless of whether those benefits mean anything to the customer. A salesperson will tell a prospect about delivery times, promotions or other benefits that may have no relevance to the client; the result is that the salesperson leaves his or her prospects feeling like they're dealing with someone who hasn't bothered to learn about their company's needs or interests.

The approach of treating each client individually works for all kinds of businesses, even those selling commodity items. A 3-cent fastener readily available at a number of distributors can, in essence, become a different product depending on the company that's selling it. If customer service is better, if one has superior technical support or if its salespeople are more knowledgeable and friendly, then buyers won't be entirely concerned with price. Instead, they'll see a real difference between companies because the focus has shifted to value. Figure this out with each customer, and you may never sell on price again.

Contact Source

Crystal Group Inc., (800) 378-1636, curtis.nelson@crystalpc.com

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This article was originally published in the October 1999 print edition of Entrepreneur with the headline: The Price Is Right?.

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