Do You Own the Gap?
We did a book swap at Boardroom this morning and I picked up the book 5 Minutes with the VITO - a Sandler Sales book. VITO stands for Very Important Top Officer and is the one person in the company that can say YES. The prospect every sales person longs to meet and build a relationship with.
The book talks about walking and talking the same way a VITO does so that you are peers – co-conspirators, if you will on a journey to achieve the goals the customer has set.
Part of this sales process is understanding the “pain” the customer has. Not a new concept; I often talk about understand the customer’s expectations and needs so that you can find the solutions that will make their life easier, better, faster, more profitable.
But this book divides the “pain” into three parts:
- The problem itself
- The reasons for the problem
- The impact of the problem
I’ve always just thought of the problem and the solution. However, adding the impact allows you to attach a dollar amount to the pain. Understanding the reasons behind the problem gives you an opportunity to point out different alternatives/solutions.
When you divide the problem/pain up like this what becomes clear is the GAP between what they currently have and what they long for.
Someone in Boardroom talked about a presenter who spoke at a luncheon and they referred to the entrepreneur’s sweet spot as “owning the gap.” If you can understand what separates the customer’s pain from their goal – the gap – and can offer a service or product that removes that gap; you have the opportunity to be the hero in the eyes of the customer. Or the VITO – the person who can truly appreciate the value you bring.
So how do you identify the gap?
You have to ask questions. You have to learn about your prospect – their customer – their industry – their operational process so that you can uncover the opportunities (gap) and find a way to insert yourself.
Matt Alderton offers suggestions on how to gather that information in his article Finding Out what your Customer Wants.
Last month I wrote a post on understanding customer needs.
