One
You’ve heard the trite old saying: “Give a man a fish and you feed him for a day; teach him to fish and you feed him for life.” It applies to persuasion as well as teaching. When you provide external incentives to get someone to change their behavior, it’s like giving them a fish. It’s easy to get people to do things to gain rewards or avoid punishments, but the desired behavior only lasts as long as you have the ability to a) monitor the behavior and b) furnish the necessary reward or punishment. If you want to drive lasting behavior change, you’ve got to find ways to get people to do things for their own reasons, and the best way to do this is to use their sense of who they are to provide internal, long-lasting motivation.
I actually first learned this when I was 15, though I didn’t know it at the time. I was a member of the Jack Nelson Swim Club. Nelson had been an Olympic swimmer and Olympic coach, and was a legend in swimming circles. I wasn’t good enough to be coached directly by him, so when I was summoned to his office, I was terrified. I had been a smart-aleck and all-around pain in the rear to my coach and pretty much ignored his yelling and threats, but now I knew that I was in for it. I was already figuring out how I was going to tell my parents I had been thrown off the team.
In Part 2 of this series on dealing with the price objection, we saw that the first key to getting out of the commodity trap is to find points of differentiation and then connect those to customer benefits. Thus the two most important words in sales are: “SO WHAT?”
Suppose I say, “Our product is engineered to be the most reliable in the industry.” I might instead say, “This means that you know it’s going to work when you need it.”
Notice something subtle about that last paragraph. Thinking “so what” changed the pronoun from the first person to the second person. They don’t care about you—they care about themselves.
The next step is to get the right people in the customer’s organization to agree to the value. So,the next two critical selling words are: “HOW MUCH?” And, just as we saw that there are many ways to differentiate when you take a broad look at the offering, we will also see that there are many ways to assign value to these benefits.
There
First, a couple of definitions: A commodity is an offering that is only differentiated by its price, so that customers would be silly to pay a penny more for one offering over another. The word offering is also important, because no product exists by itself—it’s always part of an offering. Offering comprises every possible aspect of the buying and ownership experience that will affect your customer.
We’ll begin with your offering. For the price your customer pays, they get much more than the physical product itself. That’s why even products that are physically indistinguishable can command price premiums. When is the last time you bought bottled water? You can get it as much as you want from a tap for about three-tenths of a cent per gallon, or you can drive to a store and pay up to $4-5 per gallon. Is it worth it? Apparently people are willing to pay for the “difference”: global bottled water sales are expected to top $86 billion in 2011, about equal to the GDP of Bulgaria.
People are willing to pay the difference because sellers tout differences in purity, taste, packaging, and image—even when those differences are undetectable in blind taste tests. If they can do it with water, you should have no problem.
Election
For decades, Jerry Brown has been a champion for the people of California. He has served as governor, as mayor of Oakland, and is currently the attorney general.