Consultative selling is a sales approach that prioritizes relationships and focuses on creating value and trust with a prospect by exploring their needs before offering a solution. It is also known as needs-based selling. The salespersons first objective is building a relationship, and their second is providing the right product. The following are some key principles and strategies of consultative selling:
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Relationship Building: Consultative selling is customer-centric, meaning priority number one has to be hearing what your prospects have to say. Salespeople must be capable of building long-term relationships beyond the initial sale and maintain their standing as trusted business advisors to customers.
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Needs Assessment: In consultative selling, the sales professional learns about customer needs before talking about a product or solution. This requires sales professionals to focus on executing key behaviors such as avoiding being seller-centric and asking open-ended questions.
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Value Creation: Consultative selling skills help sales professionals position differentiated, compelling solutions. The outcome of employing a consultative sales approach is greater satisfaction and stronger relationships between the buyer and seller.
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Solution Development: Consultative selling requires sales professionals to transform product knowledge into a tailored solution based on the customers needs and language.
Consultative selling helps sales reps establish positive relationships with buyers by helping them solve their problems. It is a solution-based, customer-centric sales strategy that helps sales reps walk the fine line between pushing for sales and missing out on opportunities. By adopting a consultative selling approach, sales reps can build deeper, personalized relationships with prospects, drive more sales, and win repeat customers.