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Showing posts from November, 2019

Can you name what you sell (or do you need an elevator pitch)?

It's taken me five years to get to a point where I can confidently tell people what I sell: I am a marketing consultant. I sell marketing plans. Five years. Why so long to figure out something seemingly so basic? Because at first, I wanted to be fancy. I couldn't imagine that merely being a marketing consultant, selling marketing plans, could be anywhere near good enough. Admittedly, I wanted to dress it up in fancy language. The funny thing is that despite not having a clear name for it, I had an elevator pitch that beautifully described the value I added. Strange how it is somehow easier to spin a 30-second story than give it a concise name! I find many business owners have a similar problem. After tweeting my initial thoughts around this topic in the past week, someone responded saying it took one of their clients two years to figure out how to name what they sell! The challenge is clear, in two seconds (not thirty), answer me this: What do you sell? It is

What you sell, is not what you solve

It's fascinating to think about how you can sell one thing, yet meet many needs. As a kid, I enjoyed kicking a ball in the park, and that one ball did many things for me, depending on the day. I got rid of frustration, energy, cleared my head, managed boredom or played with friends. One ball; many needs. As businesses, we typically sell only a handful of stuff, yet the number of potentially different needs we meet for our customers are many times more. It is this idea of "what need do you meet for your customer" that sits at the heart of marketing and sales. Only by getting to the real problem; the genuine desire that they have can you successfully sell your offering at the optimal price and grow the business. The challenge many businesses experience is they don't know how to get to the heart of the customers' needs. You certainly can't get there through "sales mode". Instead, you need to listen to customers, talk with them to understand thei