The New Salesman: Product Knowledge
Product
Knowledge – The foundation of selling
In preparation
for this discussion, I asked a number of successful distributor salespeople to
stop, step back and relive their first days in their territory. For many of these folks, this was quite a task
in and of itself. Each had a number of
things on their minds for the first days of selling. But, as we pealed back the years; they all
said the same thing. Early on, I had a
heck of time deciding exactly what I needed to know. Even for those who launched their careers
based on Engineering (or some other technical) Degrees, being conversant on a
whole range of products was daunting.
My next set of conversations took place with a group of highly motivated young sales people who were making great progress but could still be easily referred to as “newbies” in the selling game. One by one, they shared the overwhelming feeling of doubt faced around understanding the tens of thousands of products in the catalogs lining the walls of their office. In spite of all the reassurances in the world, they wonder if they will ever digest the intricacies of the products they sell.
At the same time, I still run into sales guys with 2, 3 or even 5 years of experience to tell me they don’t understand their products. The major difference: this group has given up. Somehow they have managed to grow their sales. Often it was price; sometimes via relationships. But they have managed to convince themselves, they don’t need product knowledge. This brings us to a couple of good points.
First, the late Zig Ziglar was one of the first superstars of sales training. I doubt if all of what he said makes sense in the knowledge-based distribution industry; however, I do put a great deal of stock into one of his quotes.
My next set of conversations took place with a group of highly motivated young sales people who were making great progress but could still be easily referred to as “newbies” in the selling game. One by one, they shared the overwhelming feeling of doubt faced around understanding the tens of thousands of products in the catalogs lining the walls of their office. In spite of all the reassurances in the world, they wonder if they will ever digest the intricacies of the products they sell.
At the same time, I still run into sales guys with 2, 3 or even 5 years of experience to tell me they don’t understand their products. The major difference: this group has given up. Somehow they have managed to grow their sales. Often it was price; sometimes via relationships. But they have managed to convince themselves, they don’t need product knowledge. This brings us to a couple of good points.
First, the late Zig Ziglar was one of the first superstars of sales training. I doubt if all of what he said makes sense in the knowledge-based distribution industry; however, I do put a great deal of stock into one of his quotes.
"Enthusiasm
for the product or service comes from product knowledge. How can we develop
enthusiasm for something about which we have little or no knowledge?"
Second, as distributors dedicated to producing margins higher than our competitors, we need to provide and prove the value of the solutions we provide. Unless we can adequately apply our products and services to customer problems, we will never be able to provide solution suggestions.
Second, as distributors dedicated to producing margins higher than our competitors, we need to provide and prove the value of the solutions we provide. Unless we can adequately apply our products and services to customer problems, we will never be able to provide solution suggestions.
So Product
Knowledge is important. The question
becomes; what should we do about it?
According to
work sited in the best-selling book: Super Freakonomics, expert performers
in any profession - whether piano players, computer programmers, rock
scientists or salespeople - are made not born.
Mastery arrives based on what Dr. Anders Ericsson calls “deliberate
practice”. Deliberate Practice has three
main ingredients: 1. specific goals, 2. immediate
feedback, and 3. concentration on technique rather than outcome.
We will lay
these thoughts over many of the points we make during our discussion of “on-boarding”
but we found an undisputable parallel during our review of the best practices
for product knowledge.
Best Practices
for Product Knowledge
- Distributor sales managers set measurable expectations (goals) for product expertise over a prescribed timeline.
- The sales managers tested the expertise along the way and provided feedback on the progress of the salesperson.
- The
sales managers asked the new sales guy to apply what they had learned to real
life customer situations.
Measurable
product expertise goals with timelines
Out
of the thousands of products filling the giant stack of catalogs over near the
inside sales bullpen, some are important, others no so much. A new sales person can only guess. In our time we have heard of salespeople
learning products based on alphabetical order, attention from the factory rep,
offhand input from other sales people and random chance. Standing on the sidelines, the whole concept
sounds goofy. But without some kind of
expert guidance, how can a new guy understand what’s really important?
What
would happen if you outlined a learning matrix that looked like the one below?
(We
have used Lighting Products as an example to illuminate, pun intended, the
topic.)
Sample Product Skills Checklist
|
||
Month
1 |
Product |
Skills |
Incandescent
Lighting |
10-200
W bulbs |
Fundamentals
of operation Catalog selection of office uses Hours of life Color rendition |
Fluorescent
Lighting |
13-100
W straight tubes |
Fundamentals
of operationCatalog
selection
Hours
of operation
|
Lighting
Principles |
All
Products |
Fundamentals of operationHow hours of operation are measuredLighting output / Lumens |
Month 2 |
|
|
LED
Lighting |
Replacement |
Fundamentals
of operation Catalog selection |
Month 3 |
|
|
Application |
Incandescent,
Florescent, LED |
Environmental
concerns Lighting output comparisons Hours of operation comparisons Relative cost of operation comparisons |
Jumping Ahead
|
||
Month
12
|
|
|
Lighting
layout |
Office |
Laying
out lighting plans for contractor customers Energy studies |
Notice
how each month contains products to be learned as well as the level of detail
needed for each of these products. Our
example is simplified and limited to just a few examples understood by the
general reading population. Your own set
learning guide will include more products and specific skills judged to be
important to your own type of customer.
Feedback on
product growth
Without
an established set of expectations, objective feedback on learning the products
is impossible. Comments like, “you need
to learn more about our products” have no meaning. Building a Skills Checklist with a time line
provides an opportunity for the employee to manage their own growth, but the
benefits transcend this meager accomplishment.
Along
the way, the manager, product specialists, and others can provide meaningful
feedback. For example, following a new
product launch, discussions can be held to contrast the new product against
products already mastered. When
opportunities present themselves, the new seller can be asked to make presentation
(internally focused or customer oriented) on products already mastered. Definitive coaching points can be provided by
way of others on the selling team.
Application of
learning
For
us, targeting is a critical element of any successful sales program. More on that in later posts, but for now,
let’s talk about how targeting might assist us in refining the new guys selling
skills.
As
the skills develop, the salesperson can be directed in their abilities to match
product knowledge to their customer’s needs.
In each of these cases, the manager is offered the potential for
coaching on how the products are applied to solve problems. Discussions of competitive situations take on
new meaning. The seller’s ability to
progress in the selling world accelerates.
Acceleration is
the name of the game According to research in a number of lines of distribution, the time required for a new seller to reach maximum potential ranges from 3 to 5 years. If we can shrink this time, everybody wins. In our next post we will explore the art of accelerating territory growth one individual at a time.
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