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How to Differentiate when Selling a Commodity with Lee Salz #88
Lee Salz is a leading sales management strategist and bestselling author of #1 rated sales management book on Amazon for 2014. “Hire Right, Higher Profits”. Today we talk about how to differentiate when selling a commodity.
Lee specializes in transitioning sales teams from “people-based” to “process-based” and he does this by leveraging differentiation. Lee is a featured columnist in the Business Journal, a member of the Editorial Advisory Board of Sales & Marketing Management magazine and is the Program Advisor to Kansas State University’s National Strategic Sales Institute.
How to Differentiate when Selling a Commodity
In this episode we talk about things that you can do to standout when you’re selling commodities and how to work around price and actually charge a premium. Lee shares practical examples with proven results across a wide range of industries.
Lee told a story about his experience at a Microsoft training programs. They approached the problem by first reviewing their frustrations:
- Worked with CIO to create a single PO
- Filtered student candidates to make sure employees would find value in the course
- Gave a guarantee if students hopped jobs they would train the replacement worker
The training was a commodity. However Lee was able to close the deal for 30-50% higher than the competition. Because of the PO they locked out the competition.
Sales Differentiator Process
- Meet as a team
- Understand the common needs of prospective clients
- Focus on stories you share, how do they differentiate
- Understand the benefits of your features that separate
- List all the things that makes you unique
Links to Find Lee Salz
Website: www.SalesArchitects.com
Twitter: @salesarchitects
LinkedIn: https://www.linkedin.com/in/leesalz
Facebook: https://www.facebook.com/SalesManagementMinute
FREE Gift
Download the differentiators poster at: https://www.salesarchitects.com/white-paper/differentiatorsposter/
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