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Awkward Reality #501

The best value propositions aren’t created by suppliers… they’re discovered.

Surprised Boy Makes Money with Idea Helmet

Ever watch stage-gate reviews or entire workshops wrestling with The Value Proposition? It’s not pretty. In my experience, good B2B customer interviews yield potential value propositions like so many ripe apples falling from a tree. You just need to pick which to pursue. If you need to dream up value propositions, you’re climbing the wrong tree.

More in white paper, Guessing at Customer Needs

Awkward Reality #500

Want to sell more? Paradoxically, you need to do less “selling.”

500-VOC Skills that Drive Sales

Instead, ask the right questions about your customer’s problems. The consultative selling movement was given a major boost in 1988 with Neil Rackham’s ground-breaking research in SPIN Selling. By observing more than 35,000 sales calls, they established that the most successful salespeople ask great questions. Decades later, we had our own question: Are some questions more likely to drive sales? (The answer is “yes”!) We surveyed 396 B2B sales professionals with over 6,000 years of combined experience concerning 12 voice-of-customer skills.

Download AIM Institute research report, VOC Skills that Drive B2B Sales

Awkward Reality #499

Validating hypotheses with customers distorts your entire new product development process.

499-Distorted-Viewpoint

Confirmation bias is the “tendency for people to favor information that confirms their preconceptions or hypotheses, regardless of whether the information is true.” It’s what happens when you take your lovely new-product hypotheses to customers. This systematically distorts data on customer needs… and that can’t be good for innovation, right?

More in 2-minute video at 35. Insist on data-driven innovation

Awkward Reality #498

Focus your innovation on market segments… or “clusters of customers with similar needs.”

498-Market-Segments

Ultimately, everything your business does should be about efficiently delivering value to customers. If you don’t focus on clusters of like-minded customers, their needs will be randomly observed by different people in your company at different times under different conditions. Not an efficient way to develop new products—your lifeblood.

More in 2-minute video at 16. Segment by markets for innovation

Awkward Reality #497

What if your customer’s stakeholders don’t agree with each other?

497-Key Account Blueprinting

According to the authors of The Challenger Customer, “The limiting factor is rarely the salesperson’s inability to get an individual stakeholder to agree to a solution. More often it’s that the stakeholders inside the company can’t even agree with one another about what the problem is.” To overcome this, try Key Account Blueprinting… New Product Blueprinting applied to one large account at a time. This forces stakeholder agreement.

More in white paper, Key Account Blueprinting

Awkward Reality #496

Awkward Reality #495

Don’t rely on a small staff of voice-of-customer experts to do your company’s interviewing.

495-Customer-Interactions

Large businesses chalk up thousands of face-to-face customer meetings each year… as sales and technical service reps go about their normal duties. Why not train these people to become VOC experts? They’ve already gained customers’ trust, they know the customer’s language, they’ll get key information first-hand, and there’s no extra travel cost.

More in white paper, Everyday VOC