By Ann Pruitt
No matter what your business, you need to sell your products and services. Dentists, car salespeople, advertisers, and retailers alike rely on getting the right customers to buy. That’s obvious. What’s not so obvious is the way to go about getting the customer to commit to your product.
For example, as a marketer interested in selling your marketing services, you might assess the potential customer like this: They know you are a good marketer… but they also know there are other, cheaper marketers out there. You know you have a better product, and you know they would benefit greatly. What you need is a way to convince the customer that your company is the way to go. Or better yet – have them convince themselves.
The SPIN Selling model has been around since the late-80’s, and provides a way to do just that. It is a sales technique that focuses on asking just the right questions, and driving the potential customer to come to their own conclusion: They can’t go on without you.
Here are the major components of the SPIN Selling model. For more detail, you’ll want to get the book.
S: Situation Questions
Find out about the buyer’s current situation with questions like:
-How many employees do you have?
-How long have you been using your current system?
-What turnaround time are you getting now on your orders?
Only ask a few of these, especially of upper level buyers who don’t want to squander their time. If you can find out the information elsewhere ahead of time, you should, to avoid wasting everyone’s time. The point is to understand the wider context of their business.
P: Problem Questions
Ask about the buyer’s problems, difficulties, and dissatisfactions that you could solve with your product.
-How satisfied are you with your current campaigns?
-What’s keeping your customers from returning?
-What concerns do you have with the firm you are currently working with?
Ask about their problems a lot, early on in the conversation. Think of your product as a way to solve their problems, instead of it as possessing a bunch of characteristics. That will help you ask the right questions to draw out the problems that you know your business could solve. Avoid telling them benefits of your product. Let them suffer a little more.
I: Implication Questions
Ask the buyer about the effects or consequences of their problems, difficulties, and dissatisfactions.
-What effects does having a slow turnaround time on orders have on your competitive position?
-How are your current campaigns keeping you from promoting the image you want?
-How is your current partnership costing you money?
These are the most powerful, and most difficult, questions for helping your potential customer see how their pain is affecting their business. It helps them see how they are wrong when they tell you your solution isn’t worth the effort and cost. They’ll be begging for a solution.
N: Need-payoff
Ask the buyer about the value or usefulness of the proposed solution.
-How would a faster order turnaround time help your company make more money?
-If we designed a good campaign, how much money would that save you?
-Why is it important to your company to have a “youthful†image?
These questions should end up with the buyer explaining to you about the value of your product. This provides a greater impact since they are discovering your value, while also making you sound less pushy.
Use the SPIN model as a broad sequence of questions, rather than a rigid formula, and you should be selling so much it’ll make your head SPIN!