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Earning the keys to the Elevator

In sales, establishing relevancy, credibility and trust are the keys to gaining access to executive-level decision makers

By Jeff Thull, Contributing Editor -- Industrial Distribution, 2/1/2008

Salespeople say, “Executives won't pay attention. They're indifferent and won't take the time to see us.” Executives say, “Salespeople all sound the same. They're well versed about their products, but they don't take the time to understand my business. I'll see anyone that can show me a solid business case, but they shouldn't whine if I won't waste my time 'learning' about their solutions.”

The result of this disconnect is that too many executives never receive valuable solutions that can have a measurable impact on their companies' profitable growth and carry out their best-positioned strategy—and sellers end up with poor results. So what's preventing executives from getting the information they need? It certainly isn't a lack of innovative and exceptional products and solutions—and it doesn't seem to be executives' lack of issues to be addressed.

In selling to executives, it's about establishing relevancy, credibility and trust, all of which provide access to people and information within the organization—what I refer to as “earning the keys to the elevator.”

Make the right connections

To build a solid business case at the executive level, it's often necessary to get access to people within the organization who can give you the critical information you need to build a strong case that is relevant to the executive. Ideally, you're looking for the executive's support to move up and down the elevator in order to meet with people who have the information you need to refine your case—which you will report back to the executive.

So how do you connect and get the keys to the elevator?

Consider that there are two agendas for the executive conversation—yours and the executive's.

Your agenda includes three key objectives:

  • First, you want to establish relevancy and be seen as a valued business resource;
  • With the relevancy connection, you want to test the executive's beliefs about the absence of value and if it matches, create and increase the sense of urgency around the issue;
  • Finally, you want to gain sponsorship for an extended diagnosis at lower levels in the organization and keep the executive involved in the progress.

The executive's agenda includes:

  • Getting ideas and resources to execute his strategy;
  • Getting help in aligning his internal resources with his strategy;
  • Getting help in improving a key performance indicator.
Have the right conversations

The real key to creating executive relevancy is diligent preparation. Spontaneous relevancy is not an option. The effectiveness of your initial contact with the executive depends on the facts that you have developed in the “discover,” process. Think of yourself as an attorney preparing your opening statement. You are stating a hypothesis about the facts of the case and you are receiving the judge's support to view the evidence that will support your case.

Discover conversations prepare your hypothesis. They are not about selling. They are designed to help you learn about your customer's reality, identify physical evidence of the issues or challenges he is experiencing and the potential consequences he is experiencing or may be exposed to. These conversations will uncover fact-based evidence and the customer's perspective on these consequences. You need to be focused on the existence of the physical symptoms that result from the absence of your value. Be open, honest and straightforward—discover conversations are not covert missions. Like a doctor, you want to identify the symptoms and develop a prognosis on the potential risk your prospect is experiencing without your solution.

These conversations are to be with those closest to the action, those who are working at the point where the absence of your solution's value manifests itself. The specific individuals you interview are dependent on the various places where the physical evidence of the absence of your value can be observed.

There are three resource pools in and around your customer's company to draw from: Their employees, their vendors and their customers.

If you have found the symptoms, you have determined that there is a basis to initiate a conversation with the executive. The information gathered will provide the relevancy and credibility you will need to begin the conversation successfully. You will connect the symptoms with the executive's job responsibilities and performance indicators on the executive's dashboard.

Your goal is to create a hypothesis that will earn the “keys to the elevator”—that is, to achieve conceptual buy-in on the value you offer, gain the sponsorship of the executive for continued diagnosis and receive access to individuals within the customer's company whom you will speak with to continue the process. The executive will value your input from the beginning and look forward to working with you on this and other projects. You will differentiate yourself early in the process by how you sell, more so than what you are selling.


Author Information
Jeff Thull is a professional speaker and author of several books, including his latest release, “Exceptional Selling: How the Best Connect and Win in High Stakes Sales.” He is also president and CEO of Prime Resource Group, www.primeresource.com . For more sales articles, go to www.inddist.com/sfs.

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