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B2B Sales Consulting1 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consultinggrowing profitable revenues by improving your sales effectiveness
How Clients Buy Consultancy Services
Tony Ryan
Director, B2B Sales Consulting
B2B Sales Consulting2 © B2B Sales Consulting Limited 2003 All rights reserved.
We help our clients sell complex, high value, ‘business to business’ propositions
OUR VALUE PROPOSITION – We help our clients win and grow profitable revenues by creating demand, improving
their direct and indirect sales effectiveness and building their people’s confidence
OUR PEOPLE
– We are experienced IT and Consulting Professionals with proven Sales Track Records
from Gemini, BAH, KPMG, Deloitte, CG, E&Y, Oracle & Baan and extensive experience
in managing companies
OUR APPROACH
– We work with clients to design and deliver assignments which are customised from a
proven toolkit to deliver agreed results.
B2B Sales Consulting3 © B2B Sales Consulting Limited 2003 All rights reserved.
We have a flexible approach to growing our Clients’ profitable revenues
Sales Management
Sales Coaching and Skills Transfer
Lead Generation& Demand Creation
Market Readiness
Resource Mgmtand Recruitment
B2B Sales Consulting4 © B2B Sales Consulting Limited 2003 All rights reserved.
Our clients tell us we understand their revenue issues because ….
We are all ex- Management Consultants, and have also run large companies, so we are uniquely placed to understand the issues that you face when selling Consulting Services
As ex- Consultants, we provide you with coaching by people who understand your business and can help you to deliver the results that you require
Having performed the roles ourselves, we can offer a multi-level approach, as we have knowledge of the sectors that you operate in and the issues that your clients are facing
B2B Sales Consulting5 © B2B Sales Consulting Limited 2003 All rights reserved.
Our clients tells us we deliver results becausewe are practical, experienced, flexible & innovative
SHREEVEPORTmanagement consultancy
B2B Sales Consulting6 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consulting has a proven sales tool kit for sales people
microBranding
Qualification
The 5 Selling Steps
Closing
Team SellingTeam Buying
Partnering
InterPersonalSelling
Behavioural Communications
Sales Strategies
BidManagement
AccountDevelopment
LeadGeneration
Handling the1st Meeting
DecisionManagement
Competition
BenefitsDevelopment
PhasedSelling
Negotiating
Targeting
Buying Climate
Styles &Competencies
Campaign Management
SALES MANAGEMENTCAPABILITY
BEHAVIOURALCAPABILITY
INDIVIDUALCAPABILITY
TEAMCAPABILITY
Market Messages
CommunicationsWritten, Verbal & Visual
Win Planning
Sales Processes
New Service Development
Account Management
Win / LossDebriefs
MarketComms
PerformanceAppraisals
PipelineManagement
MarketPositioning
Pricing
Value Creation
B2B Sales Consulting7 © B2B Sales Consulting Limited 2003 All rights reserved.
Our Revenue Roadmap connects the 5 revenue building legs for profitable growth
EMERGINGCLIENTS’
NEEDS
NewServices
and Markets
Demand Creation
NewBusiness
Development
NEW
AccountManagement
Account Planning
AccountDevelopment
EXISTING
ShortValue
Proposition Value Chain
Capabilities&
ServiceOffers
OFFER
ExecutiveProfiling
Market Targeting
Market Partners
POSITION
Market Messages
Lead Generation
Pipelineand Bid
Management
DIRECTION
B2B Sales Consulting Revenue Roadmap
GROWINGPROFITABLE
REVENUES
B2B Sales Consulting8 © B2B Sales Consulting Limited 2003 All rights reserved.
What we’re going to look at tonight….
Buying Climate
Know how buyers buy
Interpersonal Selling
B2B Sales Consulting9 © B2B Sales Consulting Limited 2003 All rights reserved.
How Clients Buy Consultancy Services
The Buying Climate
….avoiding rejection
B2B Sales Consulting10 © B2B Sales Consulting Limited 2003 All rights reserved.
How does the Executive Problem Cycle affect business development outcomes?
Non-performance
Issue Identification
Diagnosis
Prognosis
Project Implementation
Success & Improved Results- TOO LATE!
Critical Business Issue Development• CEO needs help to form ideas • needs confidence• needs confidant
Late for Critical Bus ISSUE Development• greater need for content & expertise• needs expert validation
BODY SHOPPING• filling resources gaps• commodity market
B2B Sales Consulting11 © B2B Sales Consulting Limited 2003 All rights reserved.
The Buyer’s Mood gives a very strong clue as to what is possible or not
Denial– Very difficult to bring to reality, so extremely
unlikely to buy. Move on!
Honest OK– Complacent in an undemanding situation. Despite
counter evidence, lack of ambition will inhibit buying
Honest Trouble– The best buying situation to fix something ‘broken’
in an open relationship
Honest Growth– Very enthusiastic buyer pushed by ambition that
might bite off too much
B2B Sales Consulting12 © B2B Sales Consulting Limited 2003 All rights reserved.
Each Buying Personality has different relationship needs, but they can all buy
Analyser– Needs detail, safety first decision– You provide facts to give him reassurance
Socialiser– Can be over-expressive and misleading– You provide picture of how he will succeed with
his people Truster
– Cannot be rushed, needs to trust– You need to be patient and sensitive
Director– Task/Product oriented and likes metrics– You provide the springboard for his success
B2B Sales Consulting13 © B2B Sales Consulting Limited 2003 All rights reserved.
How Clients Buy Consultancy Services
Know how buyers buy
B2B Sales Consulting14 © B2B Sales Consulting Limited 2003 All rights reserved.
WARNING: The hardest thing to sell is ….
Who me ?
…. Yourself, it’s better to create buyers!…. Yourself, it’s better to create buyers!
B2B Sales Consulting15 © B2B Sales Consulting Limited 2003 All rights reserved.
Every new client will give you 6 Tests
CREDIBILITY VALUE TRUST
• Establish company credibility
• You add value to executive’s thinking
• Client is OK to admit problems
• Establish personal credibility
• You successfully challenge executive’s thinking
• Client is OK to ask for help
B2B Sales Consulting16 © B2B Sales Consulting Limited 2003 All rights reserved.
Who needs a selling model?
Have you ever got lost in a sales meeting?
Do you want to avoid being labelled a Pushy
Salesperson?
Do you want – to create buyers instead of selling?– to develop a genuine understanding of your clients?– to make closing easier?– to build real “Win Win” sales?– to enjoy business development?
First step, understand how your client buysFirst step, understand how your client buys
B2B Sales Consulting17 © B2B Sales Consulting Limited 2003 All rights reserved.
The best selling model is based on how buyers buy
Pre
Project
1st stepWhat REAL ISSUES?-Professional?-Personal?
2nd StepWhat BENEFITS“Success looks like”“It’s worth….”“We’ll have learned..”
3rd stepWhat OBSTACLES to success?-Capability?-Culture?-Financial?
4th stepWhat Trial Approaches“Would this work?”“We found this with another client”“What would be right for you?”
5th stepNow Close(safely)
B2B Sales Consulting18 © B2B Sales Consulting Limited 2003 All rights reserved.
Benefits can be identified in a structured discussion using 4 Dimensions
• FINANCIALFINANCIAL•Cost, CashCost, Cash•Revenue, MarginRevenue, Margin•SHVSHV
•OPERATIONALOPERATIONAL•Productivity, Stock turnsProductivity, Stock turns•Utilisation Utilisation •Service & Quality levelsService & Quality levels
•CAPABILITIES and CAPABILITIES and COMPETENCIESCOMPETENCIES
•Sales effectivenessSales effectiveness•Service levels Service levels •Operational excellenceOperational excellence•Supply Chain ExcellenceSupply Chain Excellence•Market sensingMarket sensing•Regulatory complianceRegulatory compliance
•CULTURE and BEHAVIOURCULTURE and BEHAVIOUR•Behavioural improvement Behavioural improvement
•MotivationMotivation•Pro-activenessPro-activeness•Culture of innovationCulture of innovation•Managerial behaviour / Managerial behaviour / coachingcoaching•Risk TakingRisk Taking
•ORGANISATIONAL ALIGNMENTORGANISATIONAL ALIGNMENT•Value Chain AlignmentValue Chain Alignment•Performance ManagementPerformance Management•Employee TurnoverEmployee Turnover•Improved CommunicationsImproved Communications•Vertical integrationVertical integration
B2B Sales Consulting19 © B2B Sales Consulting Limited 2003 All rights reserved.
Caution: The best development discussions still need to be managed
Opportunity Development grows the sale value
Target Lead Open Develop Close Sell-on
Opportunity Management grows the probability of success
Right
Company
Right
Person
Motive
to Buy
Decision
MakingTiming Budget Competition
B2B Sales Consulting20 © B2B Sales Consulting Limited 2003 All rights reserved.
NEGOTIATE first then CLOSE
NEGOTIATIONS are about finding out how to fit each other’s needs as best as possible
CLOSING is about helping your client to launch what you have NEGOTIATED
B2B Sales Consulting21 © B2B Sales Consulting Limited 2003 All rights reserved.
Both sides have their own 4 Negotiating Elements
1. ‘Must Have’ Wins
2. ‘Like to Have’ Wins
3. ‘Tradeables’
4. ‘Non-Tradeables’
What are your Client’s?
What are Yours?
B2B Sales Consulting22 © B2B Sales Consulting Limited 2003 All rights reserved.
Negotiate thoughtfully!
B2B Sales Consulting23 © B2B Sales Consulting Limited 2003 All rights reserved.
How Clients Buy Consultancy Services
InterPersonal Selling©
B2B Sales Consulting24 © B2B Sales Consulting Limited 2003 All rights reserved.
Don’t assume anything….be extremely aware
B2B Sales Consulting25 © B2B Sales Consulting Limited 2003 All rights reserved.
How important is the behavioural side of client’s decision making?
Rational __?__ % & Behavioural __?__ %
B2B Sales Consulting26 © B2B Sales Consulting Limited 2003 All rights reserved.
Why do People buy People?Because the Behavioural dominates the Rational
They may not be able to judge your expertise
They do not want to be threatened or belittled
Personality is more variable than competence
Trust is more important than ability
B2B Sales Consulting27 © B2B Sales Consulting Limited 2003 All rights reserved.
We all think and act at 3 levels simultaneously.
Emotionally– understanding the
personal context
Politically – understanding how the
client organisation takes decisions
Rationally – can not win here– but can be eliminated
Political
Rational
Time
Emotional
B2B Sales Consulting28 © B2B Sales Consulting Limited 2003 All rights reserved.
But clients cannot buy unless Trust is growing
Credibility x Intimacy
Self-Interest x Risk
PreparationPeople
buy People
Manage the risk downClient
first
B2B Sales Consulting29 © B2B Sales Consulting Limited 2003 All rights reserved.
The greatest human drivers have always been FEAR and GREED
If you’re not sensing them, then you’re talking about the wrong things
If you’re not sensing them, then you’re talking about the wrong things
ACT ON FEAR ACT ON GREED
B2B Sales Consulting30 © B2B Sales Consulting Limited 2003 All rights reserved.
Manage client perception
B2B Sales Consulting31 © B2B Sales Consulting Limited 2003 All rights reserved.
Simple Sale versus Complex Sale
Simple Sale = 1:1– Buyer knows needs– Seller can deliver– Buyer & Seller can Decide– Short Simple Sales Cycle
Complex Sale = TB:TS– Team Buying
Clients may not have agreed Needs or How to Buy
– Team Selling Clients want to assess Selling
and Delivery Team
B2B Sales Consulting32 © B2B Sales Consulting Limited 2003 All rights reserved.
Client Decision Making Process has 4 parts
ROI and PricingROI and Pricing
Situationaland Political
Situationaland Political
Issues and BenefitsIssues and Benefits
Events and ReportingEvents and Reporting
CriteriaCriteria
MakersMakers
FundingFunding
TimingTiming
DecisionMaking Process
DecisionMaking Process
B2B Sales Consulting33 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consultinggrowing profitable revenues by improving your sales effectiveness
Our next IMC ‘mini seminar’
“Understanding Feast and Famine”
Wednesday 8 December
6 p.m. to 8 p.m
B2B Sales Consulting34 © B2B Sales Consulting Limited 2003 All rights reserved.
What we’ve just looked at….
Buying Climate
Know how buyers buy
Interpersonal Selling
B2B Sales Consulting35 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consultinggrowing profitable revenues by improving your sales effectiveness
How Clients Buy Consultancy Services
B2B Sales Consulting36 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consultinggrowing profitable revenues by improving your sales effectiveness
How I buy from Consultants
Carol Brannigan
CEO Responsawww.responsa.infoLeading and delivering change programmes on the boardroom agenda
B2B Sales Consulting37 © B2B Sales Consulting Limited 2003 All rights reserved.
Who am I ? Who have I been ?
An expert in business change A supplier of IT solutions A buyer of IT solutions A vendor of consultancy services A buyer of consultancy services A vendor of business results A buyer of business results Mars, Digital, Avex, Cognos, MicroStrategy,
Sainsburys and now Responsa
B2B Sales Consulting38 © B2B Sales Consulting Limited 2003 All rights reserved.
How am I feeling when I am buying ?
Skeptical Insecure Threatened Impatient Worried Exposed Ignorant Concerned Suspicious
B2B Sales Consulting39 © B2B Sales Consulting Limited 2003 All rights reserved.
How I buy from Consultants - What are my risks
My professional credibility
My company’s competitive edge
My company’s shareholder value
Lost time
B2B Sales Consulting40 © B2B Sales Consulting Limited 2003 All rights reserved.
How I buy from Consultants - Who do I buy
People– who are pragmatic and battle hardened – who roll up their sleeves– with track records– with grey hair, blood and guts– without grey hair, fresh and creative– who are committed– who commit– who I can trust
B2B Sales Consulting41 © B2B Sales Consulting Limited 2003 All rights reserved.
How I buy from Consultants - What do I buy and what don’t I buy?
Security Speed to Market Results Skill Good Communications Openness Team-players Independent perspective
Clever frameworks Methodology Silver Bullets Theory
B2B Sales Consulting42 © B2B Sales Consulting Limited 2003 All rights reserved.
How I buy from Consultants - When do I buy
When I need
– brainpower
– problem solving
– knowledge transfer
– extra hands
B2B Sales Consulting43 © B2B Sales Consulting Limited 2003 All rights reserved.
How I buy from Consultants - What does Gainshare mean
Evidences consultant’s commitment
Eliminates the dreamers
Economic necessity
Shared risk/reward
B2B Sales Consulting44 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consultinggrowing profitable revenues by improving your sales effectiveness
How I buy from Consultants -
Discussions and Your Questions
Carol BranniganCEO Responsawww.responsa.infoLeading and delivering change programmes on the boardroom agenda
B2B Sales Consulting45 © B2B Sales Consulting Limited 2003 All rights reserved.
B2B Sales Consultinggrowing profitable revenues by improving your sales effectiveness
Our next IMC ‘mini seminar’
“Understanding Feast and Famine”
Wednesday 8 December
6 p.m. to 8 p.m