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Friday, February 19, 2010

A Modern Sales Classic Spin Selling

I first read Spin Selling by Neil Rackham in 1999. Why blog about it now? Because SPIN Selling continues to be the book I recommend most often for professionals looking to increase their sales effectiveness.

SPIN SellingAlthough this book may not be the newest book on sales (it was first published in 1988) it continues to be the most relevant. I find it the most relevant because it addresses the most common sales problem. The problem I am referring to is our collective tendency to pitch what we do to clients rather than helping to facilitate solutions. This latter approach is also known as consultative selling.

In my experience there are not many people who like being pitched, but most people appreciate when you are legitimately trying to help them solve real problems. When you become skilled at leading people through a discovery process that encourages them to take on tough core problems it can result in a steady stream of new business. It’s all about fostering win/win scenarios and SPIN offers a very simple, effective framework for consistently doing this.

Spin Selling is the outcome of Neil and his team going out on roughly 35,000 sales calls over a 12 year period. His team documented the sales processes followed and distilled what worked down into the SPIN approach. The types of sales they followed were medium and large corporate clients with complex, multi-stakeholder and high value solutions. They found that success boiled down to a four step discovery process abbreviated into SPIN (situation, problem, implications, needs / pay off.)

The beauty of the SPIN framework is in breaking down a complicated consultative sales process into four simple, logical and repeatable steps. The goal of this process is to uncover the fundamental limiting issues beneath a client’s current situation. The SPIN process helps to systematically lead a client from;

  • seeing where they are now, to
  • understanding what problems are holding them back, to
  • appreciating what these issues are costing them, to
  • knowing what benefits will accrue if they invest in a solution.
I have personally followed the SPIN method since 1999 and believe in it whole heartedly. I find that this method is a highly effective way to structure consultative conversations and I follow the approach consistently. I also find that the SPIN model translates well onto campaign landing pages used in on-line sales lead generation programs.

The main limitation of the SPIN approach is that it is not a complete system for selling. It only addresses one vital portion of the sales process. It does not address sales planning, prospecting or the post meeting process for converting a successful conversation into a closed sale. For insights into these areas you need to supplement SPIN with other materials.

For a complete and integrated sales process that aligns well with SPIN I recommend the Sandler Sales Institute Sandler International who offer an excellent over all process to follow. I must have listened to their CD’s a dozen times when I was first starting out.

I also recommend the 10 Steps to Sales Success by Tim Breithaupt of Spectrain from Calgary, Alberta. Tim’s book is excellent, offering a simple and easy overall process to follow. It aligns very nicely with both SPIN and the Sandler models.

As your ultimate success in sales comes down to your ability to engage your clients in meaningful conversations; I always go back to SPIN Selling as my number one recommendation.

John Watson is the president of Accrue Performance Marketing Inc. and is the author of Being Profitable™ : the earnings growth program. John has been consulting since 1993. He helps entrepreneurs Design Build  Grow™ market leading companies with strategic internet marketing, social media and sales lead generation programs.

4 comments:

Laurence H. Seton, P.Eng., PMP February 20, 2010 at 10:22 PM  

Great article, John. This helped me understand how it fits into the selling model. I've also picked up the SPIN Selling Workbook which I hear is a good compliment to the title book. Cheers, Laurence

Laura Watson February 22, 2010 at 5:22 PM  

Thanks for writing about this. You first introduced me to SPIN and since then, I use the approach myself and I also highly recommend it to my clients. Thanks for reminding us of this valuable approach!

John Golden March 31, 2010 at 3:47 PM  

Thanks John - good article and a very succinct explanation of why SPIN is more relevant than ever.

Your comments about needing additional components to address other aspects of the sales process are completely correct and Huthwaite now has a SPIN Solution suite of offerings that do so - not sure if you have visited our site lately www.huthwaite.com but you will see them highlighted there.

Regards

John Golden
CEO Huthwaite

John Watson April 1, 2010 at 1:12 AM  

Thanks for your comments John.

I took your advice and went to your website for an update. I did see that you now offer a more end-to-end solution set. What I could not find was how to access that information. How is this more complete sales program delivered and what does it cover? I would be happy to post more information on my blog once I know more about it.

Cheers
John Watson

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