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the science of sales success and how to get rich_116

Author: the science of sales success and how to get rich

Steven Smartsell starts with Olivia's only stated goal of reducing downtime. He fills in the details from the MP 2: Measure Potential section of his Q sheet (another strong argument for taking notes) into his Connecting Value sheet. He matches only the appropriate product features to her goals, measurable benefits, and conditional commitment. For illustrative purposes, Olivia has only one goal while your customers might have two or three goals (as in the water heater case study). A Connecting Value sheet becomes invaluable in matching features when you have more than one product that can achieve customers' goals. (See Exhibit 7-2.)

CONNECTING VALUE SHEET

Customer Goals

Benefits of Achieving Goals (Time or Money)

Systems of Evaluation

Products

Specifics of Features and Benefits (features are in italics)

Value Type and Focus (Internal, External, or Both)

Unique Strength/Feature Value Rating

Reduce downtime

Prevent production stoppages from 18 hours annually to 9, which generate savings of $360,000 annually

Hours of downtime

Predicto Services

Variance Alerts prevent unscheduled breakdowns

Perceived value. Both; it ensures uninterrupted shipments to their customers (E) and saves them money from lost production (I).

Yes/ 5

Tolerance Checks prevents unscheduled breakdowns

Same as above

Yes/ 5

Conditional Commitment: Reduce the costs of $40,000 per downtime hour (SOE) to no more than nine hours annually (goal), save $360,000 (measurable benefit), begin in November and finish by December (start and completion dates), not exceed $1,080,000 budget (funding), get at least a three-year payback (SOE).


Exhibit 7-2: Connecting value sheet.

Step Three: Oops!

Be ready to explain any misses. These occur when your products do not fulfill all the requirements of the conditional commitments. Misses also occur when goals with measurable benefits have no features connected to them. You offset any misses with additional benefits customers did not consider.


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