Salespeople often project their own ROI calculations onto prospects. Instead, they must ask customers how they measure the effectiveness of past investments. This uncovers what truly matters to them, whether it's net profit, gross revenue, time saved, or even peace of mind.
Prospects often describe wants (e.g., "a more efficient system"), which are not true problems. Asking about the motivation behind their desire forces them to articulate the underlying pain that actually drives a purchase decision.
To truly resonate with an economic buyer, align your solution to the specific KPIs they are personally accountable for. These metrics often differ from those of your champion or general corporate objectives like revenue and cost savings, requiring tailored messaging.
Before committing resources to a proof-of-concept (POC), build a preliminary ROI case. If the potential return isn't substantial enough for the customer to reallocate budget or personnel, the deal is unlikely to close. This step prevents wasting both your and your customer's time on unwinnable evaluations.
Viewing customer relationships through a strict Return on Investment (ROI) lens creates a toxic, transactional dynamic. A "Desire to Invest" (DTI) model prioritizes building genuine, long-term connections and empathy, much like a healthy human relationship, rather than tracking a ledger of exchanges.
Companies don't sign six-figure contracts to solve one person's frustrations. To justify a large purchase, you must anchor the sale to tangible business outcomes. Frame discovery questions around the company's goals, not just an individual champion's personal pain points.
Firms struggle to measure coaching ROI because they don't define success upfront. Applying Stephen Covey's 'begin with the end in mind' principle is key. By first asking what the business wants to accomplish (e.g., culture transformation, skill development), clear metrics can be set to track tangible returns.
An ROI case isn't a one-time sales pitch; it's an ongoing conversation. Implement periodic 'value audits' to formally demonstrate the value your product has created. This builds internal evangelists and gives you tremendous power in future renewal or price increase discussions.
A sales pitch fails when it doesn't align with the buyer's subjective worldview. For example, a C-level executive's philosophical framework is vastly different from a frontline manager's. The key is to map your solution onto their current story, not force a new one.
CFOs respond to numbers, not just pain points. Instead of focusing only on your solution's ROI, first translate the prospect's problem into a clear, granular dollar amount. Show them exactly how much money their current challenge is costing them annually.
Don't overcomplicate defining value. The simplest and most accurate measure is whether a customer will exchange money for your solution. If they won't pay, your product is not valuable enough to them, regardless of its perceived benefits.