Most of their thinking goes into adjusting their hardhats. Too bad: Tour insights provide great context for interviews… and your “fresh eyes” may yield ideas for improvement. You might see what everyone else has seen, but think what no one else has thought. You just need to learn the proper skills to do this.
More in 2-minute growth video #33, Conduct B2B customer tours
You want differentiated new products that will induce enthusiastic customers to open their wallets wider. Differentiated products must be… different. But different from what, in what ways, and to what extent? 100% of this information can be learned from B2B customers… but only if you engage them in specific discussions. Very few suppliers do this correctly.
More in video, Reinventing VOC for B2B
Well now, isn’t that inspirational? Perhaps not… but remember you’re in a constant battle with competitors to innovate for customers. One of the best ways to tip the “efficiency” balance in your favor is to consistently learn when projects are unattractive… faster than competitors. Then decisively kill them so resources can be used for winning projects. One of the best ways to do this is to generate Market Satisfaction Gaps.
More in white paper, Market Satisfaction Gaps
For every job a customer does, there are dozens of potential outcomes… so diverge with customers to uncover far more than competitors. Then ask for 1-10 importance and satisfaction ratings so your R&D can converge on the important, unsatisfied outcomes… while competitors guess. I’d like to make this sound more complicated, but it’s not.
More in white paper, Market Satisfaction Gaps
Innovation is fueled by the unexpected. But many suppliers are surprise-averse. They start with their own ideas, filter them through internal processes, and avoid customer-led interviews. In an odd twist, surprise-averse suppliers are the most likely to be surprised… by mistaken market assumptions and blockbusters introduced by surprise-seeking competitors.
More in 2-minute growth video #25, Let your customers surprise you
Your B2B customers have a long list of problems to be solved. But it’s not their job to carefully explain each one and deliver it gift-wrapped to your solution providers. It’s your job. When your sales professionals probe deeply and capture customer needs uniformly in your CRM, you’ll gain unprecedented market insight. And by probing well, your sales team will sell more. We call this Everyday VOC.
More in Everyday VOC white paper, www.EVOCpaper.com
When you validate your new product concept with customers, they may tell you if it’s a dud. Great… you’ve avoided the error of commission. But what about the error of omission? If you first enter the customer’s world with B2B divergent interviews, you might learn of unexpected needs that lead to a blockbuster.
More in white paper, Lean Startup for B2B (page 9)
A Landmine can kill your project… but who steps on a Landmine they can see? When you convert assumptions and questions into facts, you make landmines visible and therefore harmless. A Launchpad is an unexpected, high-value customer outcome. Discover these before competitors to develop solutions in a “competition-free zone.” This approach is perfect for your Horizon 2 and 3 projects.
For more, see 5-minute video at www.deriskprojects.com
Consider two new-product success modes. In Success Mode A you launch a well-protected, premium-priced product. In Success Mode B, you thoroughly search the market segment, but find no unmet needs you can address. So you walk. May not sound heroic, but it’s the only way to ensure enough resources for more Success Mode A. Market Satisfaction Gaps let you distinguish Mode A from Mode B.
More in white paper, Market Satisfaction Gaps
One difference between business leaders and rock climbers is that many of the former think they can reach the top without training muscles. Imagine showing up at the base of El Capitan with recliner-chair abs and no climbing skills. Crazy? How about proclaiming double-digit growth plans every year… without developing the needed business-wide skills and capabilities?
More in the book, Business Builders, Chapter 9
Customers only pay a higher price for your innovation if it is important, measurable, and distinctive. The customer must a) care about the outcome being improved, b) observe the improvement so you get credit for it, and c) be unable to get the same improvement from your competitors. Sorry, but you need all three.
More in 2-minute growth video #34, Use value calculators to establish pricing
Let’s substitute market research for reconnaissance… business strategy for battle plan… resource allocation for troop deployment. Many business leaders fail to 1) thoroughly understand their battle fronts, 2) determine the decisive points (markets) to attack, and 3) follow with an overwhelming assault here. These generals lose battles.
More in 2-minute growth video #17, Concentrate on winning markets
Surprises in quality or cost control are unpleasant. But innovation relies on surprises. Without “non-obviousness,” an invention cannot even be patented. When a previously hidden customer outcome becomes known, the discovering supplier has the luxury of seeking solutions in a competition-free environment.
More in 2-minute growth video #25, Let your customers surprise you
The research on B2B sales call preparation isn’t encouraging: 75% of B2B executive buyers say salespeople are not knowledgeable about their business… and do not understand the issues they face. Unsurprisingly, only one in four salespeople get agreement from these buyers to meet again. AI can help salespeople prepare in two ways: 1) rapid pre-call customer reports, and 2) role-playing their conversations with an AI agent.
More in white paper, Sales Call Preparation with AI