When a prospect has a strong relationship with a competitor, trying to replace them is often a losing battle. A better strategy is to propose a non-threatening alternative like a limited trial or a beta test. This 'land and expand' approach demonstrates value without forcing the prospect to sever an existing relationship.
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Instead of fighting a prospect's desire to see competitors, encourage it. Then, schedule a follow-up meeting to help them conduct an "apples-to-apples" comparison. This positions you as a confident, trusted advisor focused on solving their specific problem, not just making a sale.
Sales teams focus on out-competing rival products, but the biggest threat is the buyer's preference for their current "good enough" process. Losing to "no decision" is more common than losing to a competitor and requires a different strategy that focuses on the cost of inaction.
When a prospect evaluates competitors, validate their behavior as smart due diligence. Phrases like, "Majority of our clients do the same exact thing before they partner with us," remove tension, align you with their buying process, and reframe their evaluation as a standard step towards ultimately choosing you.
Don't force your sales team to learn and sell a completely new product. Instead, integrate the new capability into an existing, successful product, making it "first" or "default" for that channel. This reduces sales friction and complexity, leveraging established momentum for adoption.
When competing against a large incumbent, reframe the comparison away from company vs. company. Instead, frame it as you—the dedicated founder—versus their salaried, indifferent employee. This shifts the focus from resources to personal commitment, turning your small size into an advantage.
Even when a prospect rejects your primary service, you can recover acquisition costs and generate revenue. Offer a free, low-threat consultation (e.g., a 'lifestyle review') where you can sell a different, complementary product (e.g., supplements). This strategy effectively turns a lost lead into a paying customer.
Acknowledge that prospects are evaluating competitors. Instead of fearing this, proactively schedule a follow-up call specifically to help them compare your solution against others. This builds trust, positions you as an advisor, and keeps you in control of the sales cycle.
A "takeaway sale" replaces an existing competitor (their toilet paper vs. yours), while a "demand gen sale" introduces a new category (a bidet). This distinction is critical because in takeaway sales, prospects already have a solution, so a pitch about your product's features is not inherently valuable.
To win over a high-profile client resistant to outsourcing, identify a small, specific gap in their current strategy (e.g., lack of carousels). Pitching a low-risk, targeted solution can be the 'foot in the door' that leads to a much larger, full-service engagement.
Don't shy away from competitors. A powerful customer discovery tactic is to present competing solutions directly to prospects and ask them specifically what they dislike or what's missing. This method surfaces critical product gaps and unmet needs you can build your solution around.
