For small business owners the job of crafting words to define their business may be overlooked, or avoided. Some dislike writing about anything because they are simply too busy running their business. The importance of a USP, Unique Sales Proposition, or what some call a unique sales "position" deserves your attention. Your place in the business world needs to be evaluated to define the unique benefits customers will discover doing business with you. This exercise will actually help you determine the most effective strategy for all your advertising and promotional marketing materials.
Start with a list of the things you do well, and include factors for price, quality, and service. Some of my real estate clients struggle differentiating what makes them unique. When faced with local competition and potential customers have 1000 choices, some realtors think they are just like everyone else. They are not which is a surprise to some. No matter what product or service you provide, if you are 1 out of 1000 suppliers, it could be that the only thing unique is you! Add personal characteristics about you and your staff to your list of things you do well.
Next, take your list and think like a customer. Reorder the list by taking the most important benefit enjoyed by people who do business with you, and then continue recreating the list from most to least important. Keep in mind your perspective is prejudiced because everything so far is based on your vision of your business, what you do, and what it means to customers. Now comes the fun part.
Select a few trusted customers and ask them for feedback about your list. Maintain a neutral position and refer to your list as random in no particular order, so no numbers please. Providing your written list will make this easier to recruit willing participants. Ask them to review the list and have them number each one in sequence by importance with #1 being the top factor. Invite them to add benefits that you may have forgotten. Finally and perhaps most importantly, is asking them to list one additional thing "we could do better to enhance your experience as a customer".
Evaluate the new lists to see how each benefit lines up. From the new sequences and the added benefits that need improvement, you should be ready to define your USP. Your success depends on customer revenue, so take no offense to their input because this is reality. Take the time to use this feedback and write a narrative summary with just a few paragraphs and answer who, what, where, when, and why in the first paragraph. If that sounds like a news story, it is. To promote your business your "news story" needs to be circulated, and your USP becomes the centerpiece of your marketing strategy.
Next, create a condensed version of your Unique Sales Proposition that you can memorize and state in 15 seconds, or less. In marketing, this is sometimes referred to as your "elevator pitch", or the equivalent of how to introduce your business to a complete stranger when you only have 15 seconds between floors on an elevator.
Knowing why you succeed based on customer feedback, and then utilizing this information in marketing materials, you will be able to attract more customers looking for the benefits that you offer. Consider the areas for improvement and how to implement these ideas into your USP. Practice your elevator pitch and look for opportunities to put it in action. Time spent waiting in line at the bank, post office, or even social situations will allow you to make a quick introduction to people who show interest. Unlike long winded sales pitches, your elevator pitch and a business card will impress people because it is concise and respects the value of their time.
Finally, if you do not have a company motto or slogan, consider the strengths you offer that are now documented in your Unique Sales Proposition. Why not extract the best points to come up with a single short sentence or phrase? It should be easy to develop a concise slogan to add to your corporate identity and then consider including the slogan on your website and printed marketing materials.
In conclusion, evaluate your strengths and then get customer feedback to fine tune the list of benefits doing business with your company. Formulate the list content into a narrative Unique Sales Proposition with several paragraphs, and make the first paragraph read like a news report. Condense the USP into a 15 second version elevator pitch, and finally craft a company motto or slogan to enhance your corporate identity.
Small Business For Sales
Do you sell computer networks, or other IT-related products and services to small businesses?
This article provides tips and hints so you can be overcoming the most common sales objections heard when selling networks to small business prospects, customers, and clients.
The problem generally begins when you start talking about a network upgrade. Around the time, many small business prospects, customers and clients will dwell on cost.
These small business prospects, customers and clients often neglect to consider the soft costs of not properly investing in a network… such as lost employee productivity when imprudent corners are cut, downtime when fault-tolerance is an afterthought, and service costs from computer consultants when difficult-to-support or "dead-end" solutions are selected primarily because of their low price tag.
No matter how thorough your initial consultation, IT audit, site survey and network design reports, some unforeseen client objections may pop up just before you get the client's authorization to proceed (generally a signed contract and retainer or deposit check).
Why Overcoming Sales Objections is SO Crucial
Because one relatively minor concern might threaten to derail the entire sale, you need to gain the critical business development skills for overcoming sales objections, with some of the biggest small business network deal-closing obstacles.
Empowered with these strategies for overcoming sales objections, you'll be much less apt to get emotional, defensive or just plain annoyed. You can then stay focused on keeping your eye on the ball and figuring out the best way to solve the prospect's or future client's problems …and of course, close the sale. Remember, your company isn't in business to solve prospects' problems; only those of paying clients.
Overcoming Sales Objections: Apathy
I hope you get a good night's sleep before this sales objection rears its ugly head. You need a powerful force to overcome apathy.
If small business decision-makers have an apathetic outlook toward the prospect of implementing a network, your decision-makers might take weeks, months, or perhaps even years before feeling a sense of urgency about your proposed network project.
However, once you discover the roots of this apathy, you'll be better able to push (or at least nudge) the approval process along.
Here's a typical example you'll find in the field: The small business owner sees no problem with their existing peer-to-peer network. One or two seemingly innocuous foul-ups, however, can cause the small business owner to see the "light".
With a Microsoft Windows peer-to-peer network, for example, the "server" seems perfectly reliable until the person working on the PC functioning as the server inadvertently hits the reset button with his or her knee.
If you need to be overcoming more of the common sales objections, you must be very adept and recounting these kinds of cautionary tales with the right timing, delivery and empathy.
Using Network Reliability to Overcoming Sales Objections
PC/LAN network reliability can also get called into question when the user of the peer-to-peer server inadvertently performs an unannounced, unscheduled shutdown and restart because a software setup program prompted a reboot.
With peer-to-peer networks, protecting data is usually also an afterthought. If the peer-to-peer server isn't protected with fault tolerant hard drives, a reliable tape backup drive, a server-class UPS, and updated antivirus software, a peer-to-peer server becomes an accident waiting to happen.
So while any of these factors can turn apathy into your opportunity, sometimes a little divine intervention steps in to help you in overcoming sales objections.
One day a lightning storm and blackout pushes your client's "server" over the edge. When power's restored, the server cannot even boot up to its welcome or logon screen. So now, the small business owner is scrambling with the internal guru at 2 a.m. trying to restore the company's corrupted contact management database, which contains 25,000 records and three years of data.
Fear of Catastrophic Data Loss and Overcoming Sales Objections
Situations such as catastrophic data loss, although horrible tragedies for those affected, are great motivators for combating apathy and overcoming sales objections. All of a sudden, the small business owner becomes extremely receptive to your suggestions about your proposed networking solution, which of course features centralized security and data protection.
Discontinued technical support is another powerful counterforce for overcoming apathy-rooted sales objections, especially when you're talking about vertical, industry-specific software, such as niche applications designed for accountants, attorneys, physicians, realtors, auto body shops and restaurants.
After a certain point, the independent software vendor (ISV) selling vertical, industry-specific software draws a line in the sand and stops providing technical support, annual updates, and patches for older versions of their product.
So if your client is an accounting firm that needs updated tax tables (they'd basically be out of business without them), your client is forced to upgrade the tax software, which often in turn forces an upgrade of the server. This results in a call to your firm to upgrade their server (and several related highly lucrative product sales and service opportunities for your firm), all as a result of the "domino effect" from an ISV calling the shots.
With this kind of scenario, you don't even need to do much of the work in overcoming this sales objection. Your prospect's, customer's, or client's vertical ISV has done the “heavy lifting” so to speak in overcoming sales objections.
So besides fears of unreliable systems and vendor-mandated upgrades, you can also overcome apathy by discussing your prospect's, customer's or client's competition (without naming names, of course). If you work with many small businesses in the same industry, and you're seeing a software or more general technology trend that drastically alters the competitive landscape in your prospect's or client's industry, by all means call this to your prospect's or client's attention, as a means of overcoming sales objections.
The Bottom Line
If you sell and service IT-related products to small businesses, you need to develop your sales skills for overcoming sales objections. This article introduces you to three different major categories of small business IT sales objections and helps you understand simple anecdotal closing strategies for overcoming those sales objections… and most importantly, closing more big-ticket sales.
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Both Jim Degerstrom & Joshua Feinberg are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Jim Degerstrom has sinced written about articles on various topics from Small Business, About Branding and Computers and The Internet. Jim Degerstrom writes small business advice based on 30 years in management, sales, and marketing, including GM or President of small companies in 5 states. He is proficient in website and graphic art design, and runs his online. Jim Degerstrom's top article generates over 33100 views. to your Favourites.
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