Lesson 8: Need Assessment Flashcards
Why do we use need assessment?
- Essential for an effective sales process
- Helps understand the customer’s requirements
- Facilitates tailored solutions to meet those needs
- Strengthens customer relationship
Why do we use need assessments?
- Ensures the sales team understands what the customer really wants/needs
- Enables effective solution proposals that resonate with the customer
- Enhances customer satifisication & loyalty
- Supports data-driven decision-making
- Better allocate company resources
What are the different type of customer needs?
- Expressed needs
- Latent needs
- Emerging needs
Expressed needs
Needs that the customer has clearly communicated (Direct feedback from the customer, forms a basis of any sales proposal)
Latent needs
Needs that exist but have not been said or fully recognizes by the customer
Emerging Needs
Anticipated needs based on trends or predictive analysis, these are needs that the customer may not be aware of yet (Positions you as a proactive problem solver, strengthens customer loyalty, & builds long term relationships)
Why is it important to identify customer pain points?
- Crucial sales steps ( it allows you to align your solution with customer problems)
- Understand challenges (can identify customer issues)
- Spot hidden needs ( uncover latent needs)
- Personalize solutions (tailor your product/service to address customer pain points)
What are some techniques needed to identify customer pain points?
- Research
- Listen more, talk less
- Ask the right questions
- Observe & analyze
What are some impact of identifying customer pain points?
- Better sales proposals
- Improved customer satisfaction
- Increase sales success
What are the two different types of value propositions?
- Business value proposition
- Personal value proposition
Business value proposition
Outlines the unique value a product/service provides to customers & the benefits it has related to customer needs
Personal value proposition
Highlights your unique combination of skills, experience, & personal qualities. Its also a way to communicate your worth & the benefits of partnering with/hiring you
What are the different things involved in interpreting & analyzing customer responses?
- Interpreting customer feedback
- Analyzing responses
- Data Synthesis
What are the two strategies for data synthesis?
- The 5 whys
- SWOT Analysis
The 5 whys
A technique that involves asking “why” successively to dig deeper into a problem or need with the goal of uncovering the root cause