Selling value – an innovative framing

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Every once and while, we stumble across someone who takes a fresh look at something and adds a particularly interesting twist. We found one around selling value.

Recently we had that experience when reading an article by Michael Schrage of MIT, a research fellow at the Sloan Center for Digital Business. Schrage was exploring how smart companies increasingly recognize that their own futures depend on how ingeniously they invest in the future capabilities of their customers. He was interested in that topic from a “creation of innovation” perspective. Let’s look at Schrage’s key points and then translate it to the world of sales.

Schrage noted: “When I look at what historically — and sustainably — works as a strategic innovation investment mindset, a single question dominates: “Who do our customers want to become? The better we know and understand what customers want to become, the better we can invest and develop the innovations necessary to get them there.”

What if sales people asked themselves that same question … Who do our customers want to become? … What would be the implications for selling value?

  • Sales gets a seat at the innovation table. With a better understanding of what customers want to be, Sales can provide Marketing and Engineering ideas about future innovations. This means Marketing and Engineering aren’t the only source to identify future innovations for products and solutions. Sales gets a seat at the table because they are sharing what innovations would bring value to their customers.

Selling value versus selling product and price has been and will continue o be an important cornerstone for sales success. So taking a fresh perspective from time to time on how to get better at is probably time well spent.

Some other blog posts around selling value you might find interesting are:

Republished with author's permission from original post.

Janet Spirer
For more than 30 years Janet Spirer has worked with the Fortune 1000 to craft sales training programs that make a difference. Working with market leaders Janet has learned that today's great sales force significantly differs from yesterday. So, Sales Momentum offers firms effective sales training programs affordably priced. Janet is the co-author of Parlez-Vous Business, to help sales people have smart business conversations with customers and the Sales Training Connection.

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