Making an Irresistible Offer
Making an Irresistible Offer
September 2007
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Dear Denise,

Almost every sales organization I've ever dealt with has struggled with management of their pipeline. Seems like there are never enough leads, never enough qualified prospects, never enough customer meetings, never enough proposals generated, never enough closed sales, never enough satisfied customers, never enough referrals, and on and on and on. Simply, never enough!

Given the fact that there are thousands, perhaps millions, of potential customers who would be interested in your product (if they only knew!), why is there a condition of scarcity versus abundance? What are you doing to cause such a terrible situation? Conversely, how can it be reversed?

Today's issue examines precisely why the condition of "never enough" exists, and recommends ways to change the equation to "more then enough."

confusion
It never ceases to amaze me that most salespeople have a terribly vague understanding of what they are selling. Armed with glossy product brochures, technical manuals, booklets, business cards, and white papers, they descend upon their unwitting prospects. Determined to "educate" these ill-informed miscreants, they unleash this voluminous barrage of data until the prospect nearly begs for mercy. Then they wonder why the prospect doesn't return their phone calls and never wants to schedule a follow-up meeting.

A well-known computer manufacturer, no longer in business, insisted upon training their entire sales force on "Systems and Options" for configuring customized systems for their prospects. The manual was over 300 pages, and the accompanying pricing manual (another 200 pages) were together intended to provide EVERYTHING needed to correctly configure and price a complete system customized to the prospect. To ensure that every system was correctly configured and priced, this company built an entire group of sales operations specialists to review and correct the pricing done "in the field." This administrative group occupied an entire building and the total number of those employed to correct the "field" outnumbered the entire sales force.

This company didn't understand what they were selling, and as a result were swallowed up by one of their competitors (who DID understand what they were selling).

The quickest way to understand what you are selling is to find out what the customers are buying, and why they are buying it. Customers almost never buy a product/service because of features. They buy product when they recognize the product will deliver a value to them, as they define it. Here's a quick tip: Ask your customers why they bought your product. The answers might surprise you.


In my experience, after over 30 years carrying the bag, I can tell you that customers buy product for one reason: perceived value. Let's examine further what that means.

How do you define value? For most people, this is a simple equation. If you are willing to trade money or time for something, then it has value to you. If you are willing to trade more money, or more time, it has a lot more value to you. For instance, most people would agree that a Mercedes 600-SL Convertible has more value than a Honda Civic, and the price for each would agree.

Your job in sales is to clearly and simply convince your customer that the value your product delivers far exceeds what the customer is willing to pay for it. If you can successfully convey that message, you will certainly make the sale. If you deliver a "good value" you will probably make the sale. However, if you deliver a GREAT value, the customer will recognize a bargain and will absolutely positively buy every time. Who has ever turned down a great bargain?

However, if you don't know precisely what you're selling, you will not make the sale.


sale
There is a great book on this subject, written by one of the most successful Internet marketers in our history, Mark Joyner. (John Wiley & Sons, Inc. 1968). The book gives a formula for putting together an irresistible offer that will immediately capture the attention and interest of the prospective buyer. In order to qualify as "irresistible" this offer must have a high return-on-investment (ROI), must have a strong branding statement, and must be believable.

It is important to recognize that "irresistible" is defined by the prospective customer. What you find irresistible may not be the same as for the buyer, and that is a vital distinction. You may think that the most important quality of your product is your fast delivery, low price, or excellent customer support. The customer, however, may think differently. He may be entirely concerned about job security, and possibly is worried that if he makes a bad decision, he could lose his job. Maybe he/she doesn't really care what it costs, or how fast it is delivered, so long as it works 24 x 7 and never fails! To that customer, in that situation, an irresistible value would be a performance guarantee and a solid record of stability and uptime.

To sell your product or service (or to sell yourself as a "product"), you need to carefully consider how to create irresistibility, because that will guarantee a sale. To accomplish this, I recommend conducting a Features/Benefits/Value (FBV)exercise. This brainstorming session, generally conducted with your sales and marketing organization, helps to determine with precision the Features of your Product (what it is), the Benefits you provide (what it will do) and the Value to your customer (what it means). You will often be surprised to discover that many of your employees don't really understand the value of your products/services, and almost invariably will not be able to articulate the value in a concise fashion.

To find out more about FBV and how to use it for your benefit, I suggest you read Chapter 4 of my recently released book " Precision Selling."

Once you have a solid understanding of the value(s) your product delivers, you will then be able to build these values into an irresistible message for your prospective buyers. By the way, if you can't figure out how to make your product offering irresistible, you need more work.!

You only have a few short seconds to capture the attention of most prospective buyers, whether over the phone, the internet, or in person, and you will not be successful unless your offer has something truly special and unique. To your Success!

Precision
If you enjoyed reading the above article, I encourage you to check out my newest book Precision Selling: 21 Winning Strategies to Achieve Peak Performance . It was born as a result of nearly 30 years of experience in the selling industry. During this time, I had the opportunity to learn the art and science of sales from some of the best teachers in the industry. Executives from companies such as Digital Equipment, IBM, EDS, and Hitachi Data Systems passed along their "lessons learned," and I took copious notes!

As I studied their performance, I discovered something both unique and valuable: the very best salespeople, men and women at the top of their craft, all exhibited similar behaviors. No matter what company they worked for, they were always successful. It didn't seem to matter what territory, customer, quota, or management team they were dealing with, they just knew how to get the job done! And I constantly wondered why? What strategies had they adopted to ensure success. What were their secrets?

This unique book reveals many of those secrets, and it will show you how to become amazingly efficient in your approach to sales and management. The strategies revealed in this book will change the way you sell and manage. From the very first page, you'll discover techniques which will transform and revitalize your sales processes. Your perspective on sales, customers, and communication will change for the better. You'll become more efficient, more effective, and more productive. In short, you'll learn to achieve maximum results with Precision Selling.

MY IRRESISTIBLE OFFER

For a LIMITED TIME, I am scheduling a special one hour motivational briefing session customized for your sales organization. Based upon the "best of Precision Selling", these sessions will generate new ideas that you can immediately implement for a boost in your sales efficiency. The training session will be delivered either on site or via conference call and is designed to augment your normal sales meeting or planning session. It is being offered free of charge as a way of introducing our services and to help us build up clientele in the area.

To take advantage of this special offer, contact me at (949) 858-0755 or send an email to patrick@connexiagroup.com.

Sincerely,


Patrick McClure
Connexia Group

phone: (949) 858-0755