Take the Pain Out of Selling Professional Services
By Mike Schultz and John Doerr
Why is There So Much Pain in Selling Professional Services?
When
trying to get at the heart of a buyer's needs, people selling
professional services often ask, 'What keeps you up at night?' When a
potential buyer answers this question (or variations of it) truthfully,
it often sheds light on the core reason the person might purchase the
product or service of the seller.
Many sales trainers thus
incorporate the underlying idea behind the 'What keeps you up at
night?' question into their training. Sometimes the focus is on
uncovering clients' core 'problems' while other times the focus is on
bringing the clients' 'pain' to the fore. Surely it's anxiety, worry,
or fear over a particular component of their business that keeps
managers up at night. And if your product or service can alleviate that
pain, they'll be itching to purchase it from you.
Since all reputable sales trainers seem to espouse this theory, it has to be correct. Right?
We
contend that 'problems' and 'pain' are only half of the story because
they only focus on half of the client's needs—the negative half. When
selling your professional services, if you focus only on the negative,
you are leaving opportunities on the table for expanding your existing
client relationships and generating new clients.
Two Core Buying Mindsets
The best way to understand why this is true is to think about how business owners and managers buy
professional services. There are two core buyer mindsets you will
encounter when selling professional services: problem solving and
future seeking.
Buyers are in problem solving mode when
something is bothering them or not performing up to expectations. It
typically gets to a point where they want to fix it so they seek out
products or services to do so. When you encounter this buying mindset,
uncovering problems and helping to solve those problems, particularly
with your products and services, is your core goal.
When buyers are future seeking,
they're looking to grow, make their companies better, or somehow
improve their lot, typically in new and innovative ways. In other
words, maybe what's keeping them up at night is not a problem in their
business at all, but the passion and excitement that stem out of
innovation and possibilities.
What does this mean? Consider this
following example. You are a partner at an accounting and business
advisory firm. You have a meeting scheduled with the owner of a
medium-sized business because he is not happy with the tax services he
has been receiving from his CPA firm.
Through a series of
questions, you have uncovered several problems this business owner has
with his current accounting firm, including missed deadlines,
impersonal service, and a suspicion that the firm wasn't fully keeping
up to date on the latest tax regulations. He's nervous that any one of
these three issues may come back to haunt him if he doesn't change
firms.
Because you know your firm specializes in his industry,
and because of your dedication to exceptional client service, you know
you can stack up well against his current firm and have a good shot at
winning the business. You ask him "What keeps you up at night?" get a
straight answer about his problems, and now you know how you can help.
You continue the conversation, proposing next steps on how to move
forward with a potential new relationship. You feel fairly confident in
how you managed the sales conversation and believe that a new
relationship could be in your future.
You are just about to say
goodbye when he says, "I'm meeting my company's legal counsel for
lunch. You two don't know each other. Want to come?" Not wanting to
pass up an opportunity to further the relationship (and because he eats
at expensive French restaurants), you are happy to oblige.
You
get to lunch, exchange pleasantries all around, and sit down to eat. A
few minutes into the conversation the lawyer asks your potential
client, "So what's going on at your company lately?" Other questions
follow such as, "What do you want to get done in the next year or
so?...What are your stretch goals for the businesses?...What do you
think you need to do to get these things done? What don't you know yet
that you need to find out?"
These questions are focused on
situations and context—not problems. According to some major selling
methodologies, situational questions are merely helpful for 'warming
up' a conversation so you can get to uncovering and solving problems
and pain. Yet, you are amazed by some of your potential client's
answers.
You find the client has opened up, going on for good
chunks of time about the major initiatives at his company, and some
initiatives he has not yet even launched. As you listen, you realize
there are at least three areas within these strategic initiatives where
your expertise is a perfect fit and your firm can greatly help him. One
such initiative—valuing a niche company he's contemplating acquiring—is
your personal expertise and passion! And the size of the contracts in
these areas are likely three times as large as what you just talked
about in your meeting an hour before.
Capturing Missed Opportunities
What happened? How did you not uncover these opportunities earlier?
During
the initial sales meeting, you focused on uncovering and soothing the
client's 'problems' and 'pain'. You did a good job of learning about
the buyer's afflictions and found how you could help.
During the lunch meeting, the lawyer focused not on the buyer's afflictions, but on his aspirations.
And by doing so, he uncovered a whole other set of needs that you
neglected to surface at your meeting merely an hour beforehand. He
focused on the second half of your client's business needs—the
positive, the future, the possibilities.
So the next time you
are preparing to find the areas of the buyer's pain and problems that
you can fix, try focusing on his aspirations as well as his
afflictions. You'll find the conversations to be richer, your
relationships deeper, and your business development success greater.

