Industry Experience and Product Knowledge aren’t enough

May 30, 2012 in Business Acumen, Education in Sales, Recruitment & Sales Recruitment, Sales Consulting, Sales Culture, Sales Driven Organisations, Sales Leadership, Sales Management, Sales Strategy

As much as people want Sales to be considered a science the reality is that Sales has always combined a collection of facts with human judgments (or estimates). What this means is that there is no analytic approach that can single-handedly guarantee sales success. Result – Sales is likely to always be a mixture of art and science. So how do you sure up your success to gain that competitive edge?

For the last few decades when transactional, product-pushing sales was all that mattered, most sales leaders justifiably had confidence in their judgment to employ salespeople with “industry experience” and excellent product knowledge. This worked for a while, when products could be easily distinguished from each other. However, the resulting impact of this ‘industry experience’ approach was that industries ended up recycling the same old people with the same old ideas and the same old results.

Today, with products looking exactly like each other and organisations left with ‘Me2′ salespeople recycling through their particular industries, there is not much left to differentiate one company from the next. What does any self respecting sales leader look for as an advantage and what do they need to measure to make sure they are getting that competitive edge?

only the right formula will yield results

only the right formula will yield results

Many of these sales leaders now confess to being less certain that industry experience and articulate salespeople are the right formula. That’s hardly surprising. Sales management has been perfecting the product knowledge playbook for decades. Whilst some new sales techniques were introduced (e.g. consultative selling, relationship-based selling and networking) in the main, salespeople have (and are still) doing the same things to the same markets as they have for decades, with little change in their approach and yet, with diminishing return on sales effort.

What is the solution then? What many sales leaders and sales managers have come to recognise is that simply employing articulate salespeople with industry experience and product knowledge, isn’t enough. Providing product-knowledge training alone only perpetuates old habits and leads to further anxiety when price becomes the single negotiable item.

This new generation of sales leaders has come to recognise that sales training without a sales strategy to drive it, won’t sustain focus, or drive improved sales results.

They also realise that sales training, beside the prerequisite soft skills, has to address the Knowledge Diamond – a four-dimensional knowledge base:

  1. knowledge of the customer
  2. knowledge of the market, competitors and industry
  3. knowledge of the products, services and their application across multi dimensions such a business case, environment, OH&S, distribution, etc. – not just product efficacy in itself
  4. knowledge of the organisations strategy, vision, purpose, core message and value proposition

If the sales force doesn’t have a complete understanding of all four knowledge dimensions, and more importantly, is unable to use this knowledge in practical ways to support customers and prospects and their achievement of business results, it is unlikely that sales will do more than stumble along into oblivion.

On the other hand, the converse is equally true. When sales forces have the knowledge and know how to use it to help their customers, when the efforts of sales are focused and driven by a sound sales strategy that has clear purpose and goals; sales ramp up regardless of competitive intensity.

Remember everybody lives by selling something.

Author: Sue Barrett, www.barrett.com.au

Industry Experience and Product Knowledge aren’t enough

One Comment

    1. Victor Perton says:

      Thanks for these great insights.

      Due to large amounts of Comment Spam we turn off comments 90 days after the first post.
      If you still want to comment please contact us and we post your comment on your behalf.
Industry Experience and Product Knowledge aren’t enough

0 Trackbacks