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Spin Selling (Book Summary)

November 7, 2017 Jeremey Donovan

  1. Pre-call planning:
    • Pre-determine your principal call objective. Data gathering and relationship building are necessary but not sufficient. Strong objectives must advance the sale.
    • Do your homework in order to minimize fact-gathering questions
    • “Before the call, write down at least three potential problems which the buyer may have and which your products or services can solve.”
  2. Preliminaries
    • In large sales, first impressions do not matter all that much.
    • Especially with senior people, do not dwell much on nonbusiness areas if at all
    • Avoid talking about your products and services until late in the call
    • Just establish who you are, why you are there, and gain permission to ask a question.
  3. Investigating (by asking open-ended or closed-ended questions)
    • Situation: Ask a very limited number of fact-finding questions. Just enough to setup/uncover a problem. For instance, “What system/process are you using at present?”
    • Problem: “The purpose of Problem Questions is to uncover Implied Needs.”
    • Implication: The purpose of Implication Questions is to increase the size of the problem in the customer’s mind. For instance, “If x is happening, could that lead to an even worse y?”
    • Need-payoff: Need-payoff questions are positive, solution-centered questions designed to have the customer express an Explicit Need. “How would you find (related benefit) useful?” Note: “The worst point to ask a Need-payoff Question is when the customer raises a need you can’t meet.”
  4. Demonstrating capability:
    • “Make Benefits showing how your product/service meets Explicit Needs which have been expressed.”
    • “Benefits… involve showing how you can meet an Explicit Need… Unless the customer first says, ‘I want it,’ you can’t give a Benefit.”
    • “In larger sales, Features have a negative effect when used early in the call and a neutral effect when used later.”
  5. Obtaining commitment
    • “Larger sales contain a number of intermediate steps that we call Advances.”
    • Use a very limited number of closing questions on only after ___’
    • “Sellers who were most effective… would… ask the buyer whether there were any further… concerns that needed to be addressed.”
    • “Successful salespeople pull the threads together by summarizing key points [especially benefits] of the discussion before moving to the commitment.”
    • Suggest as a next step “the highest realistic commitment that the customer is able to give.”

Other great tidbits:

  • “Successful sellers concentrate on objection prevention, not on objection handling.”
  • “In a multi-call sale, the most important discussions and deliberations go on when the seller isn’t present.”
  • In large sales, costs to the buyer include money, effort, and reputation
  • “The most important lessons come from the way you review the calls you make. … Ask … Did I achieve my objectives? What would I do differently?”

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