Is your sales team using a value proposition that is irrelevant to your buyers leaving them to connect the dots?

Take a look at the value proposition that your Go To Market Teams are using to make sure they are relevant. As CEO, you are the only one who can orchestrate this. It matters, research shows that relevant value propositions could increase your deal closure rate by 50%.

In today's hyper competitive markets, it's hard for salespeople to get their message heard by the right buyers. Without a rock solid, relevant value proposition, attracting and closing new customers is just plain hard. 

Most value propositions are "inside-out" - more focused on product and service features than they are on the buyers' needs. Ask your team for the messages they use and see what you think. 

In her new book, Value Propositions that SELL: Turning Your Message into a Magnet that Attracts Buyers, Lisa Dennis explains how to move from an “inside-out’ proposition to an approach that speaks the language that activates your buyers. I recommend you give this book to the leaders of your Go to Market team. 

In this episode we talk with Lisa Dennis whose company, Knowledgence Associates, is a marketing & sales consultancy specializing in buyer-focused value propositions. Lisa explores the most common problem - value statements that lack relevance to the customer because they are too focused on product or service features. Buyers are left to connect the dots between these features and their actual pain point. Lisa’s research has demonstrated a 50% decrease in the likelihood of closing a sale when a value proposition lacks relevance. Listen so you can learn what your team should be doing to make it easier for your customers to buy from you. 

Highlights:

3:02 If your value propositions lack relevance to the buyer 

You are 35% less likely to get shortlisted 

You are 47% less likely to get a sale

4:02 We need to be talking about the buyer’s market, priorities and issues.

5:55 Are your writing one size fits all value proposition or do you segment by buyer persona?

9:12 It all starts with marketing teams that thoroughly understand the ideal customer

12:20 The first line or two of your value proposition should  be about what is driving your customer to make a decision

16:00 With value propositions, less is more versus bloated generic ones

16:51 The last chunk of a value statement, and the hardest, what are your differentiators?

18:00 You need two differentiators - one identifies what is different about working with your company and how the customer will feel after working with you.

18:45 A value proposition must be true - A customer is saying it, a partner is saying it, an outside third party organization is saying it.

20:48 When I ask sales teams to write their value proposition it’s frightening how often none of them are the same - this is why it's so important to present yours to the entire team.

23:15 Once you have your value proposition, you need email copy, blog templates, social copy, voicemail, email signatures…

24:49 It’s like you’re breadcrumbing them down the path with storytelling

29:15 How am I going to install this message organizationally? Just putting it in some content isn't enough.

Quote:

“Get your target right, once you do research it so you know it well. Gather the important data and information because if you don’t, how are you going to write engaging messages that matter?”

Resource Links:

https://www.amazon.ca/Value-Propositions-That-Sell-Attracts/dp/0692089462

Connect with Lisa Dennis in the links bel