HARDISON’S TIPS – MARCH 31, 2021 – If You Don’t Have a Value Proposition Your Sales Can Suffer
Remember, it’s not the value you believe your prospects/customers will receive, it is the value they will receive from their viewpoint. That’s why a value proposition matters not only to your buyers, but also to your sellers (your sales reps).
A Value Proposition Is A Simple and Concise Overview of What You Do
While a company’s final Value Proposition might seem obvious, intuitive, and simple, the fact is that developing an effective one can be complex – part art and part science. Many companies enlist the services of a Sales Leadership Consultant to help.
Why? A Sales Leadership Consultant can bring the experience and perspective necessary to help them craft a Value Proposition that tells the right story, sets the right tone, and puts their company on the path to sales success.
Here are some Value Proposition examples:
• Walmart helps local customers save money on a broad range of goods that are always in stock in convenient locations.
• General Motors North America helps American drivers find a quality vehicle to meet their needs by offering outstanding warranty coverage, roadside assistance, and courtesy transportation to keep you on the road.
• BMW helps performance-driven car owners get the Ultimate Driving Experience™ through technology enabled luxury cars with “No Cost Maintenance” for the first 4 years/50,000 miles.
You’ll notice that the word “helps” is common in a Value Proposition. Or you could say, “Our company makes it easier to…” A UVP often focuses on how the solution makes life simpler or better for the buyer.
Beyond this, an on-target Value Proposition helps you differentiate your solutions from your competitors. And because a clear and concise UVP makes it easier for customers to buy (because it states a compelling case based on value), it also makes it easier for your sales team to sell!
The Bottom Line:
Busy prospects don’t care about what you’re selling. They only care about what your solution does for them. A Value Proposition is a brand promise of sorts, conveying the essential tacit agreement between your company (the seller) and your customer (the buyer). As such, it makes clear the results and benefits you provide, and the business value you deliver.
When sales professionals understand that a customer can’t be pushed into a sale but need to be guided, the better off for all with great CSI, reviews and most importantly repeat business.
From his success on the sales floor of an automotive dealership to becoming a veteran trainer and then the adoption of technology for Internet-based marketing, his career has evolved to deliver the skills and tools needed to help consumers. Richie Bello combined his automotive expertise with his robust desire to “take care of the customer first” to become an automotive influencer, published author, and renowned trainer. Bello absorbed the wants and needs of consumers as he worked up the ladder of the automotive industry.
Over the thirty-five years of his career, he developed strong Internet marketing skills, leading him to developing software solutions that create ease for consumers, and helps dealers improve relationships with customers. Innovation drives success. And, for Bello, it’s in his DNA. ShopSmartAutos.com took years to come to consumers and arrived in a timely manner, during the 2020 Pandemic. With over 6 million vehicles on the site, features that help consumers deliver, finance and warranty, Bello has met the retail digital age head on.
Bello also is founder of Richie Bello Institute of Leadership and Management, a 501C3 not for profit, dedicated to the recruitment, education and employment of veterans into the automotive industry. Visit RichieBelloBlogs.com. https://www.itworld.com/article/2783373/gm-warns-dealers-about-working-with-pure-play-online-auto-sellers.html