Accentuating the positive always seems like the right thing to do. That goes for sales, too. After all, who doesn’t want to take the high road?
The fact is, however, if you are competing with similar businesses for market share, you need to tap into the most common reasons businesses tend switch vendors or providers. And while most businesses would rather stick with one vendor over the long haul because it is less complicated, they will make a change if they feel it is worth it in the long run.
If you are talking to a prospect who currently works with one of your competitors, chances are the only way you will get this prospect to jump ship is if you tap into the reasons that business’s current situation isn’t working out. But how can you help them to see there is a problem with their current vendor without seeming like a piranha? It all comes down to asking the right questions.
Question #1: How do you like your current vendor?
It’s that simple. A prospect may be unhappy with their vendor but has never been asked whether they are or not. Allowing that prospect to put into words how they feel could make all the difference. When forced to verbalize how they perceive their current vendor they may just finally realize what that vendor lacks.
Question #2: How many vendors do you work with?
When it comes to vendors or service providers, more is not always better. In fact, it’s almost never is. People want to avoid hassles. More vendors means more invoices, different processes and more time wasted on administrative tasks. If you can offer a B2B client one solution to all of their needs, chances are they will be interested.
Question #3: How much are you paying?
A lower price isn’t always what a business is looking for but the value they receive for that price matters significantly. When you can show that what you have to offer comes at an outstanding value (not necessarily a lower price), you can win over a lot of businesses because they will realize that they aren’t getting enough for what they are paying.
When you ask prospects these three simple questions, you allow them to decide for themselves that it is time for a change. In other words, they figure out what their current vendor is lacking without you going on the attack. You simply ask them the questions that will help them come to the right conclusion.