Friday, June 1, 2007

Miller Heiman: The New Strategic Selling


The all time Miller Heiman Sales Strategy bestseller has been revised and updated in 2004, but the sales methodology has largely stood the test of time. Unique about Miller Heiman is the view on sales as a repeatable and ongoing process based on 6 "Key Elements":


1. Buying Influences (Economic, User, Technical, Coach)
2. Red Flags / Leverage from Strengths
3. The Four Response Modes (Growth, Trouble, Even Keel, Overconfident)
4. Win-Results
5. Ideal Customer
6. The Sales Funnel

The New Strategic Selling focuses on sales strategy and the preparation needed before going into a sales call. Another Miller Heiman book - The New Conceptual Selling - focuses on Sales tactics and face to face sales skills.

Core to the Miller Heiman Sales Strategy is the establishment of a win-win long term relationship both with the buyer organisation and the individual buying influences. The book exclusively deals with complex sales which are defined as sales situations in which more than 1 buying influence is present. The ultimate reward for establishing win-win relationships is repeat business and referrals.

The key driver for sales opportunities is the ability of the product or service offered either to help grow the business of the customer or to solve existing problems. This is called the discrepancy between the desired solution and the existing one. But the solution has to provide both "objective benefits" to the buyer organisation as "subjective benefits" to the individual Buying Influence. Huge emphasis is put on the establishment of credibility.

Surprisingly, very little attention is given to Competitive issues though a special chapter is now dedicated to competition in the revised version. The explanation for this is that exagerated attention to competitors can easily detract the focus away from studying the needs of the customer, which is basic to the Miller Heiman strategy.

However, the sales professional is urged to constantly review and adapt his strategy in the light of ever increasing rates of change in the corporate environment.

Finally, some attention is given to the organisation of the daily sales activities based on the Sales Funnel principle and the prioritisation and allocation of the different types of sales activities. This is both aimed at optimising the use of the available time and the creation of a reliable and predictable flow of constant sales revenues.

Typical in this book is also the large number of "Personal Workshops" in which the sales methodology is applied on a concrete sales objective using charts and tables. Sometimes this takes the form of a drilling exercise, endlessly repeating the main principles of the methodology. But this is exactly what is aimed at : the 6 Key Elements have to become second nature to every sales professional!

The New Strategic Selling basically turns the sales profession into a marketing function, though it is marketing done on the micro level of the account. If anything, it shows that sales at the highest levels now requires a large number of skills way beyond the traditional tips & tricks taught by traditional sales trainers.

2 comments:

Daisy Shah said...
This comment has been removed by the author.
Daisy Shah said...

If you also seek information on Miller Heiman Sales training India do visit Miller Heiman India.