Willing to Buy: A Questioning Framework for Effective Closing

By Phil Perkins, Dan Schultheis and Sandra Dube

These days, every hour of your work day is precious. You have to spend time on those activities that deliver quantifiable results. In this highly competitive environment, you need to boost your productivity to, in turn, boost your career. There is no other profession for which those realities apply more than sales.

In sales, we all want to have a healthy pipeline. But not every prospect in our pipeline is ready and willing to buy. In fact, there is a fair chance some on our list arent prospects at all.

In this important book, Dan Schultheis and Phil Perkins introduce a tried-and-true framework for finding out which prospects are real and ready to do business and where you should invest that precious time. The willing to buy framework provides the tools you need to separate your pipeline from pipedream.

Once you understand and master the four pillars of the willing to buy framework and put them into daily practice, you will not only increase sales but make your work day more enjoyable and productive.

• Language: English
• Publisher: AuthorHouse
• Release date: Jan 31, 2015
• ISBN: 9781496964717

Phil Perkins

Phil Perkins is a writer, businessman, and musician who lives in Richmond, Virginia and Hilton Head Island with wife Sandi and two pups. He is the author of several business books and blogs frequently. His interest in surfing and surf culture motivated him to write his first works of fiction, The Legend of Corky Sandoval and the sequel, Corky's Beach Bar. Lowcountry Boil and Porch Rocker were his first departure from his beach-oriented roots and introduces new characters in the series of Mac Burns novels. Phil often says that his heart is in the lowcountry, that section of South Carolina that includes his much loved Hilton Head Island.

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© 2015 Dan Schultheis and Phil Perkins. All rights reserved.

No part of this book may be reproduced, stored in a retrieval system, or transmitted by any means without the written permission of the author.

Published by AuthorHouse 01/30/2015

ISBN: 978-1-4969-6470-0 (sc)

ISBN: 978-1-4969-6471-7 (e)

Library of Congress Control Number: 2015900826

Any people depicted in stock imagery provided by Thinkstock are models,

and such images are being used for illustrative purposes only.

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Because of the dynamic nature of the Internet, any web addresses or links contained in this book may have changed since publication and may no longer be valid. The views expressed in this work are solely those of the author and do not necessarily reflect the views of the publisher, and the publisher hereby disclaims any responsibility for them.

CONTENTS

Testimonials

Foreword

Introduction

Chapter 1 Laying The Foundation

Chapter 2 Opening The Dialogue And Defining The Terms

Chapter 3 Is The Money Available?

Chapter 4 Is The Decision Cycle Clear?

Chapter 5 Is The Justification Evident?

Chapter 6 Is The Prospect Willing To Buy?

Chapter 7 Probability And Factoring

Chapter 8 Tells That Sell

Chapter 9 Practical Application

Chapter 10 The Last Word

Afterword

Dan’s Acknowledgements

Phil’s Acknowledgements

About The Authors

About The Authors

TESTIMONIALS

I’ve used the Willing To Buy Framework throughout my career and credit it as one of the critical tools that has allowed me to achieve the success that I have.

- Richard Shumaker, Cisco Systems

In my experience, success is not hard. Success is deliberate. Phil’s team has proven this concept over and over again. Their continued success, even in the most difficult business climates, was due to their ability to utilize the Willing To Buy Framework in order to qualify and disqualify prospects in a timely fashion. This methodology should be considered by any sales executive looking to instill consistency and professionalism within their sales team(s) in order to achieve results far in excess of the resources available.

Geoff Ashley

CEO, Geoff Ashley Associates

Former Director of Sales North America, SAP Americas

Adjunct Professor, The Johns Hopkins University

Dan’s

Dedication

DanSchultheis_RT-profile_IMG_3830_BWedits_2014-12-19_1551_toBook_FINE.tif

To Carol, my soul mate for our over 50 years of love and adventure. And to my children and grandchildren for being the foundation of my life.

Phil’s Dedication

For you my dear Sandi. Evergreen. Phil_Profile3_V-2014-12-19_1556_toPublisher.tif

FOREWORD

Dan Schultheis, along with Co-Author Phil Perkins has staked out a small but important piece of territory in the sales kingdom, and have brought to bear a powerful searchlight. In truth, their point of view illuminates a lot more than just the nominal area.

The area this book focuses on is the qualification and disqualification of prospects. While the authors touch on other parts of sales – presentations, lead generation, pricing – the focus is on one key aspect, namely: if you can better identify the ‘dry holes, you’ll be able to spend more time and effort on sales that are likely to produce results.

But if that’s all this book said, it would be indistinguishable from a hundred other arguments in favor of sales efficiency – arguments that focus on discipline, metrics, systems and processes, and screening algorithms. However, this book goes two steps further.

The first Step Further is a carefully defined, holistic framework for thinking about the issue. The framework is built around the idea of a customer’s Willingness to Buy. It has Four Pillars, each of them eminently commonsensical and leading to rich questions.

In short, it makes a great deal of sense, and leads to sensible conversations. It has muscle and brain, not just analytical rigor.

The book is largely about exploring and explaining those Four Pillars. But I want to focus on the Second Step Further. Because this book isn’t your typical one-sided, self-aggrandizing, greed-feeding sales book. This book comes at things from a far better perspective – the perspective that sales is a joint activity.

I’ve always believed in my own work on integrating sales and trust that the best sales are those which are first and foremost of benefit to the customer, and only then also of benefit to the seller. Most sales books (and most salespeople) approach sales from the zero-sum point of view, the competitive strategy point of view, in which one plus one always equals something very close to two, and selling is about transferring funds from the wallet of the buyer to the wallet of the seller. It is precisely this attitude which has led to such a bad reputation for the field of sales.

Instead, Schultheis and Perkins recognize throughout the book that the interests of buyer and seller are far more intertwined than in opposition; a great sale is one that benefits both parties. Further, the authors are quite right that an educated buyer is going to make a better decision – and a better decision is in everyone’s best interest.

Almost in passing, Schultheis makes a great point: sellers almost always have more experience selling than buyers have experience in buying. A zero-sum seller views this as an opportunity to do end-runs around a hapless buyer. But a seller using the Willingness to Buy approach will view this as an opportunity to add value to the buyer.

The payoff of the Willing to Buy approach is not that the number of dry holes is pared, or that the investment in lost sales is reduced. Instead, the payoff is that buyers are given the wherewithal to make intelligent buying decisions. In many of those cases, using this process helps the buyer sharpen the internal case for purchase – and it follows, with great predictability, that buyers will disproportionally give the sale to the seller who helped sharpen the case.

But that’s not all. Sometimes the clarification of the buyers Willingness to Buy results in the realization that the buyer is, in fact, not ready to buy, for any of dozens of reasons. Contrary to popular sales belief, this is not a bad thing – this is a thing to be proud of and even grateful for.

You might ask, how can losing a sale be a good thing? Well, there is the narrow efficiency argument; the sooner you figure out a non-sale the sooner you can stop investing in it. But the more important reason is by helping a buyer to get to that position, you have created trust.

You have helped a buyer articulate a business case for something: it may or may not be ready for prime time, but that means the buyer will either make a better case in the future, and/or has avoided making a fool of him- or herself now. It means the buyer and seller have developed a relationship, instead of the all-too-frequent dropping off the radar screen that happens with most sales leads. Most CRM systems, if they’re honestly kept, will have more died entries than lost entries, and nearly all the died entries represent residual guilt on the part of the buyer for not having closed the loop, and resentment on the part of the seller that they had been left hanging.

By honestly having discussions with the buyer about whether or not this is a good buy, a seller positions him or herself for the future – not only with this buyer, but with any other buyer in that company to whom Buyer 1 might speak; or any buyer outside the company to whom Buyer 1 might refer you.

There are not a great deal of salespeople who develop a reputation as being trusted advisors – but for those who do, this is a great way to get there. Help your customers make better decisions, for their sake. If you do so, you will get more than your share of the sales – but they will come about as a byproduct, a collateral benefit, and not as a goal.

By helping buyers understand their own Willingness to Buy, you first help them, which in turn helps you. The seller is the experienced party in the buy-sell relationship; to borrow an air travel metaphor, it is incumbent on us to give the oxygen mask first to the buyer, before using it ourselves. That way everyone has a safer flight.

Charles H. Green, Co-Author, The Trusted Advisor, Trust Based Selling and The Trusted Advisor Fieldbook

INTRODUCTION

DanSchultheis_RT-profile_IMG_3830_BWedits_2014-12-19_1551_toBook_FINE.tif Did you sell to them or did you simply facilitate their buying from you, hmm? Very different scenarios, my