You know you are. All those glorious charts and graphs, just burning a hole in your hard drive. The hours spent drawing the mother of all org charts, topped off with the finest writing you’ve ever cut and pasted from Wikipedia and your previous proposals. You’re so clever, you brilliantly copied a low-rez, pixelated logo from your prospect’s website and pasted it on the front cover.
Yeah, yeah, me too. I eventually learned from my mistakes, and called this kind of effort my “rush to mediocracy.”
So let’s slow down a bit and do a quick review of the work you’ve done so far. You’ve become an expert in your prospect’s industry and company (Chapter 3), you’ve managed to to meet the right people at the prospect’s company to establish trust (Chapter 7) and further explore their real needs with tough questions, all the while keeping in mind (and in check) the assumptions that both sides of the table may have (Chapter 8 and Chapter 9). You’ve sorted out all the Yes and No answers to your satisfaction (Chapter 11).
Don’t start writing that proposal yet..now its time for the hard work.
Wait, wasn’t it hard already? Yes, it was hard in the same way that prepping the room before painting it is hard. But prepping a room (or prospect) is very straightforward, as long as you follow a process. If you follow the process detailed out in the first 11 chapters you will have completed the very important prep work. The tough old grizzled sales veterans know that the real work starts when it is time to figure out what to do with all of the “Maybe” answers to your questions.
Maybe might seem self-evident when used to describe the give and take of yes and no questions and answers. But there are lots of other kinds of Maybe out there. Depending on the era of business book you have read in the past, these Maybes have been called inflection points, road blocks, paradigms, yellow lights, and a host of other names. What they all come to mean to us is a warning sign that will require us to dig deeper with more questions, change our strategy, or requalify our prospect before moving forward.
An obvious Maybe is a vague answer to the question, “Does this project have a budget?” Other Maybes may be a little harder to address, such as vague answers to questions such as, “Who from your company will be making the final purchasing decision?” or “What are the factors that will make up your score card when it comes time to award the project?” In those cases, the truth might be that the prospect does not really know the answers. Perhaps he thinks he gave you a correct answer, but his answer could be right, wrong, vague, or incomplete. That little voice deep inside you, the one who has become more vocal as you become a more experienced salesperson, is quietly gnawing at you that things aren’t quite right.
Listen to that voice!
You may be tempted to move ahead, belittling those doubts about the budget, the competition, the specification, the timeframe, or even your own company’s ability to do the job well. What that soft but persistent voice is telling you is to slow down and reevaluate things. It is time to re-qualify your prospect by asking yourself some important questions.
Is the existing supplier well entrenched in the prospect’s organization? Do I fully understand not just the specification being used, but the full intent of the solution? Is there an ROI angle that will ultimately grab the attention of the C-Suite? Can a lack of clarity on the specification work to my advantage by putting me in a position to develop a deeper dialog with my prospect? Are these Maybes obvious to everyone working on the project, but nobody wants to talk about the elephant in the room?
These examples of potential problems are very common in any large, complex, or technical sales. Most of us breeze right by them, hoping that they won’t get in the way of the sale. But according to author Rick Page, a guru of complex sales, hope is not a strategy. There are, however, tactics that can help you reevaluate these warning signs, dig a little deeper, ask even more tough questions, and then determine if you should continue with this prospect or cut your losses and start on another.
One of the most difficult situations for any salesperson is trying to unseat an incumbent service or product supplier. There are no shortages of Maybes in this situation. It is not easy to wedge your way into a longterm, stable relationship when you have only promises to offer. In Chapter 13, we’ll look at this situation in greater detail, and introduce a tactic that I and others have used with great success to get our foot in the door.