fbpx

What is Value?

By Greta Schulz

What value do you bring? When I ask this question to a group of people, I get lots of different answers. Most people will say things such as: “We give great customer service. We give people a very competitive price. We have knowledge that others don’t. We’ve been in the industry for a long time. We’ve always been rated No. 1 or No. 2 in our industry.”

It’s disturbing to me when a salesperson says to a prospect, “We work with lots of clients like you,” or, “We’ve worked in your industry for a long time and we’re specialists in that industry, so we know what you need.” That is extremely presumptuous. I think when you say that to someone, you are immediately putting him or her into the category of “There’s nothing special about you and your business is just like everyone else’s.” As soon as you make someone feel that way, it changes the consultation and immediately turns you into “just another salesperson.”

There is actually only one answer to the question, “What value do you bring?” And the answer is very simple: “It depends.” Value does not come from you; it comes from the person with whom you’re speaking. This is why features and benefits selling doesn’t work anymore; the benefit of a particular feature that you have may be unrelated to what your prospect believes the benefit or value is. The receiver of the benefit will perceive its value. He or she will decide if it’s a benefit or not.

How do you understand what is valuable to another person? You have to ask them some really good questions. For example, you might ask: “What is your biggest challenge when it comes to _____? If you have success with a new product or service in that area, what would that success look like? What would be the advantage of using a product or service that would allow you to _____?”

The questions you ask allow people to talk about what they deem is most important to them. Once they are telling you the points of importance, you can then give them a customized solution that is based on what they said they wanted.

What have you done here? Well, not only have you listened to the prospect’s issues and concerns, you have come up with a solution based on those particular needs as THEY see them. So when someone asks what your value is, or what makes you better than the next guy, don’t answer that question until you fully understand what they want. And even if you do understand, don’t answer it anyway; the information they tell you will be much more valuable. 

Greta Schulz is president of Schulz Business, a sales consulting and training firm. She is a best-selling author of “To Sell is NOT to Sell” and works with Fortune 1,000 companies and entrepreneurs. For more information or free sales tips, go to schulzbusiness.com and sign up for “GretaNomics,” a weekly video tip series, or email sales questions to [email protected].

You May Also Like
State Legislature Drops the Job Growth Ball

By Gary Press   With Florida facing historically high unemployment because of the COVID-19 pandemic, one would think our state government would be pulling out all of the stops to

Read More
Rethinking Sales Today

Today, more organizations increasingly are facing more competition, rapidly changing technology, slower market growth and less product differentiation. This trend requires business development professionals to manage more accounts, build stronger

Read More
The Future of the Office

[vc_row css_animation=”” row_type=”row” use_row_as_full_screen_section=”no” type=”full_width” angled_section=”no” text_align=”left” background_image_as_pattern=”without_pattern”][vc_column width=”2/3″][vc_column_text] As I talked to my many office tenants in the first few weeks of the national shutdown, they were pleasantly surprised

Read More
Is your sales manager managing time well?

Is your sales manager balancing priorities properly? How do you know? Today a big question faced by most executives is, what is my sales manager doing and what should he

Read More
Other Posts
And Justice For All

By Monica St. Omer   Monica St. Omer has been working with me for eight years. She is my right-hand but so much more. She is a wonderful soul who

Read More
Keeping us connected

As a company that doesn’t directly serve the general public, SBA Communications might be called the quiet giant of the South Florida business scene even thought it’s on the S&P

Read More
Lessons learned

As I write this column, South Florida has yet to enter into a phase one reopening, lagging the rest of the state. I hope readers and their businesses are negotiating

Read More
Home-based work becomes a new normal

By Jennifer Flanagan Widespread office closures in the wake of the COVID-19  pandemic sent millions of white-collar employees home to work. This left the employees and their managers, some of

Read More

Drew Limsky

Drew Limsky

Editor-in-Chief

BIOGRAPHY

Drew Limsky joined Lifestyle Media Group in August 2020 as Editor-in-Chief of South Florida Business & Wealth. His first issue of SFBW, October 2020, heralded a reimagined structure, with new content categories and a slew of fresh visual themes. “As sort of a cross between Forbes and Robb Report, with a dash of GQ and Vogue,” Limsky says, “SFBW reflects South Florida’s increasingly sophisticated and dynamic business and cultural landscape.”

Limsky, an avid traveler, swimmer and film buff who holds a law degree and Ph.D. from New York University, likes to say, “I’m a doctor, but I can’t operate—except on your brand.” He wrote his dissertation on the nonfiction work of Joan Didion. Prior to that, Limsky received his B.A. in English, summa cum laude, from Emory University and earned his M.A. in literature at American University in connection with a Masters Scholar Award fellowship.

Limsky came to SFBW at the apex of a storied career in journalism and publishing that includes six previous lead editorial roles, including for some of the world’s best-known brands. He served as global editor-in-chief of Lexus magazine, founding editor-in-chief of custom lifestyle magazines for Cadillac and Holland America Line, and was the founding editor-in-chief of Modern Luxury Interiors South Florida. He also was the executive editor for B2B magazines for Acura and Honda Financial Services, and he served as travel editor for Conde Nast. Magazines under Limsky’s editorship have garnered more than 75 industry awards.

He has also written for many of the country’s top newspapers and magazines, including The New York Times, Washington Post, Los Angeles Times, Miami Herald, Boston Globe, USA Today, Worth, Robb Report, Afar, Time Out New York, National Geographic Traveler, Men’s Journal, Ritz-Carlton, Elite Traveler, Florida Design, Metropolis and Architectural Digest Mexico. His other clients have included Four Seasons, Acqualina Resort & Residences, Yahoo!, American Airlines, Wynn, Douglas Elliman and Corcoran. As an adjunct assistant professor, Limsky has taught journalism, film and creative writing at the City University of New York, Pace University, American University and other colleges.