If you want to sell better, sell more effectively, and close more deals, you need to understand your customer’s business inside and out. This means doing your research on their environment and asking the right questions during discovery to identify the specific business problems that you can solve for them. In this post, we’re going to explain why understanding the customer’s business is key.

 

If I had the ability to fix corporate sales training and in particular new employee sales training, I would (for the record, I’m not talking about 3rd party sales training, I’m referring to the corporate training companies give to their new sales hires and salespeople). Most new employee sales training misses the mark and sets sales teams off in the wrong direction which many of them never return.

 

The problem with most corporate sales training is it focuses on the product. Most training today starts with the organization’s value proposition and what the product can do. It starts with highlighting the problem or need the product solves, and then the remainder of the training revolves around how the product solves the problem, shoving every feature the product has down salespeople’s throats.

 

Salespeople are expected to understand the product inside and out, what each feature does, and why it matters, etc. If a customer has this problem, then this feature. If a prospect has this issue, then this feature, etc.  There is little expectation to understand the client and their world. The majority of the training is designed to teach salespeople about the product, and this is the wrong approach.

 

Companies need to stop teaching their sales team about their product and instead spend more time teaching about their customers business.

 

Lesson 3 – Learn Their Business

If you want to get better at selling, devote more time understanding the customer’s business.  I don’t mean the entire business. I mean the functional, line of business where your product or solution makes a difference.

 

Spend as much time as possible trying to learn all you can about:

Their current process and how they do what they do today, that your solution can affect?

What their KPI’s or success measures are?

Who their customers are (internal or external) and how they buy?

How they manage the processes they have?

What the common challenges are?

How they do their job and who reports to them?

How do they carry out their work?

What external forces or issues affect them?

 

The objective to these questions and more is to understand what it’s like to be in their shoes. You want to see the world from their perspective. You need to know what they’re struggling with every day, where they put their time and most importantly, what do they view as the things that keep them from being successful.

 

To get better at sales means you must take the time to understand your customers business and their motivational drivers. You need to know their world inside and out.

 

The best way to do this is to make a list of the all the stakeholders you will sell to directly or indirectly and create a dossier or description of their job, including the things above. What processes do they manage, how do they measure success, what challenges do they struggle with often, etc.? Make the list thorough and complete. You want to know as much about them as possible.

 

If you don’t know, ask people. Ask someone in the role. Ask a customer, ask a LinkedIn contact, but ask someone. Read, take the time to read as many books, blog posts and more on the space, or role that you sell to. Don’t leave anything unturned. Become the expert.

 

Here’s a litmus test to determine if you’ve made it. Do you know enough about the role or space that you could be hired as a consultant? Could you provide business direction or guidance to one of your prospects based on the depth of knowledge you have?

 

That’s the level of depth I’m talking about here. You have to know so much about the space, the function, the role, the area of the business that you will be impacting that a prospect or customer would be willing to hire you as a consultant for your knowledge alone.

 

If you want to sell better, don’t waste another second on your product, dedicate as much of your time as possible focusing on HOW your target customer or prospect manages their business.  When you have a deep and comprehensive understanding of your buyer’s world, you will be unstoppable. Any product knowledge or insight will just fall into place. The product will make more sense, and you will see the world from an entirely different perspective.

 

Leading with an understanding of your buyer’s world is the key. It opens up entirely new possibilities and opportunities. Your product and the selling process will never look the same again.

 

Lesson #3 is crucial. Don’t skimp on this one. If you want to sell better, start mind-melding with your buyers, that’s where the win is.

 

If you or your organization want to start being problem-centric sellers and understanding the customer’s business, click here to schedule a call with our sales team.