Name: Insight Selling
Rating: 4.3 (24 reviews)
Author: Michael Harris

What’s in it for me? Discover how to become a better seller by using insight scenarios.

We’ve all been there: as you contemplate a big-ticket purchase, like a new flat-screen television, a salesperson approaches you and starts his well-rehearsed spiel.

Suddenly you’re drowning in display ratios, refresh rates and connectivity questions, things that set your mind spinning and sap your confidence.

This is not the way to seal a deal. As you’ll learn in these blinks, dumping tons of information on a potential buyer isn’t the most effective sales method.

Instead, you need to listen to your client and weave a simple narrative that leads to a single conclusion: that her life will be easier with your product in hand. These blinks will show you how.

In these blinks, you’ll learn

how to use and construct effective insight scenarios;
why personalized stories are better than tons of facts; and
why listening to your customer’s story is so important.

Insights help a potential customer refine her thinking; they show what the client doesn’t yet see.

A salesperson is often compared to an actor, with a scripted pitch and a talent for playing to the audience. Yet really, salespeople are more like teachers, standing in front of a class of students eager to learn.

Straightforward selling, such as offering ice cream to vacationers on the seashore, is just that: straightforward. Yet complex selling requires you to challenge a buyer’s preconceptions.

Today a buyer can find all the information she needs online to make a decision. So a customer really only seeks out a salesperson when she’s already done her research about a desired product.

Granted, this might be a smart approach when buying new shoes, but not when you’re looking for a complex solution to a company problem. The truth is, most buyers lack the time and competence to really understand all the possibilities of how a product could benefit them.

Compare a situation like this with visiting a doctor. You might think you have the flu after looking up your symptoms on the internet, yet the doctor’s diagnosis – considering that he has more insight into the science of health overall – could be something completely different.

So how do you challenge a potential customer’s preconceptions? By providing insights.

Salespeople offering complex solutions should slowly guide a buyer to the solution’s ultimate value proposition. This usually involves asking a buyer questions about her company’s needs and concerns, yet also assumes that the buyer knows the answers to these questions.

But this isn’t always the case, especially if your product is completely a new service that the buyer has no experience with, or is complex. Your customer then should instead be allowed to discover your product’s value through insights. Insights are ideas that refine the way a buyer thinks. The objective of an insight scenario is to shine the light of insight on unrecognized value so that salespeople can sell value and differentiate their product. Value is unrecognized when either the customer does not recognize the true root cause of the problem, or when the customer underappreciates the cost of the status quo or the benefits of the change.

You can find insights from determining what you think the buyer doesn’t see, or create insights by providing a dramatized version of how life might be with or without your product – somewhat like the “before” and “after” pictures in weight-loss advertising!

With a little coaching, any sales team can learn to develop effective insight scenarios.

Insight selling can be integrated into a company’s sales model with a little practice. Although the strategy might initially be challenging for salespeople, the rewards are worth the work!

The first, and obvious, goal is that insight sellers need to offer well-crafted insights.

Key ideas in Insight Selling