26

The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Embed Size (px)

Citation preview

Page 1: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep
Page 2: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

The Challenger Sale

Page 3: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep profiles:

Page 4: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Hard Worker(21% of sales reps)

• Always willing to go the extra mile• Doesn’t give up easily• Self motivated• Interested in feedback and development

Page 5: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Challenger(27% of sales reps)

• Always has a different view of the world• Understands the customers business• Loves to debate• Pushes the customer

Page 6: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Relationship Builder(21% of sales reps)

• Builds strong advocates in customer organization• Generous in giving time to help others• Gets along with everyone

Page 7: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Lone Wolf(18% of sales reps)

• Follows own instincts• Self-assured• Difficult to control

Page 8: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Reactive Problem Solver(14% of sales reps)

• Reliably responds to internal and external stakeholders• Ensures that all problems are solved• Detail-orientated

Page 9: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Which profile fits you best?

The Reactive Problem Solver

The Hard Worker

The Challenger

The Relationship

BuilderThe Lone

Wolf

Page 10: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

One Big Winner

The Challenge

r

The Lone W

olf

The Hard W

orker

The Reactive

Problem So

lver

The Relationsh

ip Builder

05

1015202530354045

Percentage of Average Pre-formersPercentage of High Pre-formers

Page 11: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Why The Challenger Out Performs Everyone Else

• Offers the customer a unique perspective• Has strong two-way communication skills• Knows the individual customer’s value drivers• Can identify economic drivers of the customer’s business• Is comfortable discussing money• Can pressure the customer

Page 12: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Challenger vs. The Relationship Builder

The Relationship Builder profile focuses on resolving tension in customer interactions to make situations more amicable and positive in encouraging collaboration.

The Relati...0

5

10

15

20

25

30

Percentage of Average Pre-formersPercentage of High Pre-formers

• Forms good relationships• Builds customer advocates• Builds cross-functional relationships• Can work with anyone• Is genuine• Is accessible to the customer• Gives time to help others• Respects the customers time

Gets Along with Others

Likeable

Generous with time

Page 13: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

The Challenger vs. The Relationship Builder

The Challenger profile focuses on building customer tension in customer interactions to push the customer out of his or her comfort zone.

The Chall...05

1015202530354045

Percentage of Average Pre-formersPercentage of High Pre-formers

• Offers unique perspective• Uses two-way communication skills• Knows customer value drivers• Can ID economic drivers• Is comfortable discussing money• Can pressure the customer

Teaches

Tailors

Takes Control

Page 14: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Challenger reps openly pursue

goals in a direct but nonaggressive way to

overcome increased risk aversion

Challenger Reps seek to leverage constructive

tension to their advantage across all dimensions of the

sale

Challenger Reps communicate sales messages in the context of the customer

Challenger Reps deliver insight that reframes the way customers think about their business and their needs

Business Club

Constructive Tension

TEACHFor differentiation

TAILORFor resonance

TAKE CONTROLof the sale

Page 15: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Challengers don’t ask customers what they need, they tell them what they need.

It is easy to sit down, listen to the customer, find out what they need, then present them exactly what they think they wanted.

A Challenger will question the truth behind what the customer wants to buy by teaching them something new they did not know about what they wanted and show them how to obtain that with their product or service.

Page 16: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Challengers don’t ask customers what they need, they tell them what they need.

It is easy to sit down, listen to the customer, find out what they need, then present them exactly what they think they wanted.

A Challenger will question the truth behind what the customer wants to buy by teaching them something new they did not know about what they wanted and show them how to obtain that with their product or service.

This is called “Commercial Teaching”

Page 17: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Top 5 attributes of the Challenger …

Offers customer unique and valuable perspective on the market Helps customer navigate alternatives Provides customer with ongoing advice and consultation Helps customer avoid potential land mines Educates customer on the new issues and outcomes

Page 18: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Neutral

Negative

Positive

1. The WarmerBuilding credibility by reading their mind, demonstrating empathy

2. ReframeFirst reframe of unrecognized problem, need, or assumption

3. Rational DrowningGradual Intensification of the problem, both in degree and closeness to the customer 4. Emotional

ImpactPsychological features of the problem, or presence in the individual’s workflow, harmonizing the problem

5. Value Proposition – A New WayA new framework for addressing the problem – implicitly tied to the value proposition

6. Your SolutionMap of services or solutions mapped back to the key teaching points; highlighted path to implementation

Page 19: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

1.Taking control of the sale is synonymous with negotiation

2.Reps only take control regarding matters of money3.Reps will become too aggressive if we tell them to

“take control”

What should be the title of this list be???

Page 20: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

1.Taking control of the sale is synonymous with negotiation

2.Reps only take control regarding matters of money3.Reps will become too aggressive if we tell them to

“take control”

What should be the title of this list be???

Three Common Misconceptions About Taking Control of the Sale

Page 21: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

1.Taking control of the sale is synonymous with negotiation

Research shows that a challenger rep takes control across the entire sales process, not just at the end. The best time to take control is right from the beginning.

Page 22: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

1.Taking control of the sale is synonymous with negotiation

Research shows that a challenger rep takes control across the entire sales process, not just at the end. The best time to take control is right from the beginning.

Remember, this is called Commercial Teaching

Page 23: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

2. Reps only take control regarding matters of money

Push the customer in terms about how they think about their world and their challenges as well as how to solve those problems

Page 24: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

2. Reps only take control regarding matters of money

Push the customer in terms about how they think about their world and their challenges as well as how to solve those problems

This is also part of Commercial Teaching

Page 25: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

3. Reps will become too aggressive if we tell them to “take control”

Aggressiveness uses antagonistic language.Assertiveness uses strong language, but not so strong as to come off offensive.

Page 26: The Challenger Sale Business Club Studies conducted by the Corporate Executive Board have shown that there are really only 5 main types of sales rep

Business Club

Discussion Questions:1. What is something that all sales people can learn from the Challenger Sales

Rep. profile?2. If you are in sales, how can commercial teaching be applied in your industry?3. How important is sales training for a sales person? 4. What are some counter-intuitive things that are done in sales that you have

learn via your training?5. What is the best sales tip that you have learned from your company?6. What is the best sales tip that you have learned outside of your company?7. Describe the most difficult sale you have made (if you are not in sales, then

describe the most difficult thing you have done to change someone’s mind to your idea)?

8. What are some other great tips for those who are in sales, and if you are not in sales, how can you apply what someone may learn in sales training to their personal lives or careers?