{"id":13064,"date":"2022-04-18T15:24:00","date_gmt":"2022-04-18T15:24:00","guid":{"rendered":"https:\/\/sandler.dsstaging2.com\/case-study\/de-commoditizing-your-products\/"},"modified":"2022-10-18T16:02:09","modified_gmt":"2022-10-18T16:02:09","slug":"de-commoditizing-your-products","status":"publish","type":"post","link":"https:\/\/sandler.com\/blog\/de-commoditizing-your-products\/","title":{"rendered":"De-Commoditizing Your Products"},"content":{"rendered":"\n<p>Does it bother you when prospects treat your specialized products and services like a commodity?&nbsp; Are you tired of having to discount deals to win competitive situations?<\/p>\n\n\n\n<p>Salespeople generally don\u2019t like talking about these things because it really hurts our pride \u2013 and deep down, it even makes us question the purpose of our existence, professionally speaking.&nbsp;<\/p>\n\n\n\n<p>For professional salespeople, the question of all questions is:&nbsp; How do you win against competitors who can provide almost the same thing for almost the same price?<\/p>\n\n\n\n<p>A novice salesperson will say, \u201cLeverage the features and benefits you have.\u201d&nbsp; But with experience and perspective, they realize that the competition is doing the same thing.&nbsp;<\/p>\n\n\n\n<p>To be clear:&nbsp; I\u2019m not discouraging solution-based selling, but solution-based selling means different things to different people.&nbsp; For example, Sandler trained salespeople do not believe in \u201cpitching solutions.\u201d&nbsp; Rather, we strive to guide our prospects on a path of self-discovery \u2013 a form of solution-based selling that triggers more action and encounters fewer objections.<\/p>\n\n\n\n<p>For now, let\u2019s consider an alternative way to differentiate ourselves \u2013 aside from features and benefits.&nbsp; Let\u2019s consider another way to de-commoditize our products \u2013 and truly earn our compensation from winning.<\/p>\n\n\n\n<p><strong>Proving Our Worth Through Our Selling Process<\/strong><\/p>\n\n\n\n<p>There are several stages in the selling process where a professional trained salesperson can separate themselves from their competition, de-commoditizing their product:<\/p>\n\n\n\n<ul class=\"wp-block-list\"><li>Up-Front Agreements:&nbsp; Executing up-front contracts throughout the sales process includes gaining permission before taking actions, expressing sensitivity to people and situations, sharing concerns proactively, agreeing upon outcomes upfront, and agreeing upon next steps after each stage.&nbsp; Simply stated, this sends the prospect a message that they trust this salesperson with their business.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Uncovering Real Reasons for Change:&nbsp; Uncovering real \u201cpain\u201d requires knowledge, skill, patience, and discipline.&nbsp; When a salesperson is more concerned about whether the prospect A) has the problem, and B) is committed to fixing the problem, and less concerned with closing a deal, it sends the message that the salesperson is more believable, reputable.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Targeted Presentations:&nbsp; Many salespeople give the same PowerPoint presentation to all of their prospects \u2013 sharing many details that the prospect hasn\u2019t expressed any need or interest in \u2013 hoping that these additional features and benefits will increase value.&nbsp; They convince themselves that this is \u201cselling value.\u201d&nbsp; Conversely, when a salesperson does this, whether consciously or unconsciously, it only tells the prospect that the salesperson is self-promoting and\/or didn\u2019t listen to what the prospect wants\/needs.&nbsp; There\u2019ll be plenty of time for the prospect to learn about the full scale of your products and services \u2013 after they have become a client, yielding always-important retention.&nbsp;<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Mapping the Decision Process:&nbsp; When many salespeople hear a positive buying signal, they immediately jump to conclusions and skip past this step.&nbsp; Professionally trained salespeople will collaborate with the prospect to identify every possible step between the verbal agreement and the moment the problem is resolved \u2013 which is often long after the formal agreement is made.&nbsp; Not only does this help the salesperson manage the decision process, but this also showcases the salesperson\u2019s knowledge and experience with the process \u2013 increasing the prospect\u2019s faith in their ability to deliver.<\/li><\/ul>\n\n\n\n<ul class=\"wp-block-list\"><li>Post-Selling:&nbsp; Wait, what is post-selling, you ask?&nbsp; Exactly.&nbsp; Wouldn\u2019t it make you a bit nervous if a salesperson excitedly ran out the door immediately after getting a yes?&#8230;albeit an extreme example.&nbsp; Now, imagine a calm, even-keel sales professional who, after hearing a \u201cyes\u201d says, \u201cOkay, now would it make sense to discuss next steps and some potential concerns?\u201d&nbsp; It\u2019s as though a sales transaction didn\u2019t just take place.&nbsp; Just two people collaborating together \u2013 moving on \u2013 without the competition.<\/li><\/ul>\n\n\n\n<p>Realize that, the vast majority of salespeople with whom you compete do not do these things.<\/p>\n\n\n\n<p>When in a competitive situation, the extent to which you do some or all of these things will determine whether you differentiate yourself \u2013 de-commoditizing your products and services.<\/p>\n\n\n\n<p>Salespeople can\u2019t get paid the big bucks, win the award trips, and collect the trophies on the big stage without also taking complete and total ownership for losing competitive situations.<\/p>\n\n\n\n<p>I\u2019ll never forget the most talented Sandler-trained client I\u2019ve ever met, and his product:&nbsp; Little plastic balls, in bulk.&nbsp; Yes, plastic.&nbsp; A total commodity.&nbsp; Imagine what he could do with a product that tremendously improves efficiency, earns a 10X ROI, or perhaps cures a disease?<\/p>\n\n\n\n<p>With all things being equal \u2013 and they often are \u2013 how will you differentiate yourself through your sales process?<\/p>\n\n\n\n<p><a href=\"https:\/\/www.sandler.com\/blog\/why-and-how-you-should-modernize-your-sales-process-with-hybrid-selling\/\"><strong>Check out this blog post to learn how to modernize your sales process with hybrid selling<\/strong><\/a><strong>.<\/strong><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Does it bother you when prospects treat your specialized products and services like a commodity?\u00a0<\/p>\n","protected":false},"author":167,"featured_media":13065,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"content-type":"","inline_featured_image":false,"footnotes":""},"categories":[1120],"tags":[1105],"class_list":["post-13064","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-blog","tag-sales-process"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.6 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>De-Commoditizing Your Products - Sandler<\/title>\n<meta name=\"description\" content=\"Does it bother you when prospects treat your specialized products and services like a commodity?\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/sandler.com\/blog\/de-commoditizing-your-products\/\" 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