The 3 Benefits We Care About

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Tony Corinda, the famous magician and mentalist, wrote in his classic textbook 13 Steps to Mentalism that there are three general topics which nearly everyone wants psychic predictions on. Knowing these makes the job of a mentalist on stage incredibly easy, as just providing the hook into any of the topics gets people talking about what they really want.

The three things most people care about and want to know more about?

  • Love/Relationships/Sex
  • Health
  • Money

You could have probably guessed that right off the bat. To no one’s surprise, business is no different. Decision-makers in business – including you, if for no other role than decision-maker of your career – want three general things, too.

  • How can I save more money?
  • How can I save more time?
  • How can I make more money?

Again, no surprise, right?

So why is it that legions of salesmen and saleswomen never actually answer these questions? Take a look at any product spec sheet, from industrial toilets to iPhone apps, and you’ll see features listed by the dozen. This toilet uses 1.4 gallons per flush. This iPhone app can switch between 3G and WiFi seamlessly. This CRM offers RDBMS support for 8 of the most modern RDBMS systems.

So what?

When I talk to vendors, I’m exceptionally blunt. Some appreciate it, some get derailed from their carefully crafted pitch. How will your product save me money? How will your product save me time? How will your product make me more money? If a vendor can answer those questions quickly and intelligently, I’m very likely to just pull the trigger right then and there, as long as their math is sound. If a vendor tries to defer those three questions until later so they can finish their pitch, the phone gets hung up with a polite but curt “not interested but thanks”.

Classic sales books and training materials always advocate answering “What’s in it for me?” as the key question to answer in a sales presentation. Throw those books out, or at least put them back on the shelf. If you can prove a strong case for any one of the three questions – time, money saved, money earned – you’ve answered a core WIIFM question. If you can prove a strong case for more than one of the three questions, prospects will be buying YOU lunch. If you can prove a strong case for all three questions, you can pretty much retire your sales department and just replace them with order takers, because word of mouth alone will be flooding your call center.

Take a look at your own sales and marketing materials today.

Will you save me time?

Will you save me money?

Will you make me more money?

Prove it, and I’m yours.


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Comments

23 responses to “The 3 Benefits We Care About”

  1. simoncmason Avatar

    Absolutely.

    Buy this laptop because within 30 seconds of switching it on you can be working is so much more appealing than buy this laptop because it has a quad core, 2ghz processor, 8 gb of ram and a terrabyte of storage etc, etc, etc..(are you asleep yet).

    Or am I alone in getting seriously bugged by machines that take 5 minutes to switch on and salesmen that take 30 minutes to explain the features of the machine I'm thinking of buying to replace the one that takes too long to switch on!!

    Great back to basics post Chris – why do so many people get the basics wrong?

  2. Christopher S. Penn Avatar

    Mostly because basics aren't sexy or flashy, and people are looking for the sexy new thing.

  3. petesayshi Avatar
    petesayshi

    You enjoy a luxury. Your opinion is different than a claim. If you claim your product or service provides anyone of those three benefits, you're going to need to back those claims with documentation. Documentation -studies, clinical trials, and the like- all have very specific parameters within the claimed results were achieved/produced. Marketers and sales people loath claims documentation (and mouse type). Documentation makes customers edgy, distrustful. Lawyers – the ones who bring suit for claims made and claims defended- love documentation. Now your simple benefits are business claims are bogged down in thin sliced statistics and average customer experiences. It blows, but it is the reality.

  4. dannystarr Avatar
    dannystarr

    Hi Chris,

    Great posts and some great comments (especially petesayshi). I am starting to make the jump from marketing to sales and one thing I have to admit I have run into, and maybe others have some advice on this, is that I frequently run into potential channel partners who don't seem to care about making more money… ie: they want to stick to the same old revenue stream(s) they have always had and just seem very reluctant to change.

    I have been thinking about building out a case study or something document that shows what becoming a partner of my company's can do for their business' revenue but I see where petesayshi is coming from…. you risk diluting your message.

  5. Corey K Avatar

    Crazy question. How would you apply this to selling music (gigs, music, etc)? Or is it apples and oranges.

    Thanks!

  6. Simon Mason Avatar

    Absolutely.

    Buy this laptop because within 30 seconds of switching it on you can be working is so much more appealing than buy this laptop because it has a quad core, 2ghz processor, 8 gb of ram and a terrabyte of storage etc, etc, etc..(are you asleep yet).

    Or am I alone in getting seriously bugged by machines that take 5 minutes to switch on and salesmen that take 30 minutes to explain the features of the machine I’m thinking of buying to replace the one that takes too long to switch on!!

    Great back to basics post Chris – why do so many people get the basics wrong?

  7. Christopher S. Penn Avatar

    Mostly because basics aren’t sexy or flashy, and people are looking for the sexy new thing.

  8. petesayshi Avatar
    petesayshi

    You enjoy a luxury. Your opinion is different than a claim. If you claim your product or service provides anyone of those three benefits, you’re going to need to back those claims with documentation. Documentation -studies, clinical trials, and the like- all have very specific parameters within the claimed results were achieved/produced. Marketers and sales people loath claims documentation (and mouse type). Documentation makes customers edgy, distrustful. Lawyers – the ones who bring suit for claims made and claims defended- love documentation. Now your simple benefits are business claims are bogged down in thin sliced statistics and average customer experiences. It blows, but it is the reality.

  9. dannystarr Avatar
    dannystarr

    Hi Chris,

    Great posts and some great comments (especially petesayshi). I am starting to make the jump from marketing to sales and one thing I have to admit I have run into, and maybe others have some advice on this, is that I frequently run into potential channel partners who don't seem to care about making more money… ie: they want to stick to the same old revenue stream(s) they have always had and just seem very reluctant to change.

    I have been thinking about building out a case study or something document that shows what becoming a partner of my company's can do for their business' revenue but I see where petesayshi is coming from…. you risk diluting your message.

  10. Gravity Avatar

    Another factor is sadly that most marketing departments within large IT corporates (I've worked at Cisco, Apple and IBM) do not know how to, nor are they incented to, translate offerings into real-benefits pitches. So it falls to the sales guy, who does his best generally, but is usually then let down by poor knowledge-management (no reference stories) or many hours of investigative analysis.

  11. Corey K Avatar

    Crazy question. How would you apply this to selling music (gigs, music, etc)? Or is it apples and oranges.

    Thanks!

  12. stepmorgan Avatar
    stepmorgan

    Fantastic post! What do you think are the three answers for Google Buzz?

  13. Christopher S. Penn Avatar

    Given that it hasn't saved me time or money or made me money, I've no idea!

  14. Gravity Avatar

    Another factor is sadly that most marketing departments within large IT corporates (I've worked at Cisco, Apple and IBM) do not know how to, nor are they incented to, translate offerings into real-benefits pitches. So it falls to the sales guy, who does his best generally, but is usually then let down by poor knowledge-management (no reference stories) or many hours of investigative analysis.

  15. Bob Lee Avatar
    Bob Lee

    Right on! If you can not answer “WIFM” in fifteen seconds, you got nothing to say.

  16. Step Morgan Avatar

    Fantastic post! What do you think are the three answers for Google Buzz?

  17. Christopher S. Penn Avatar

    Given that it hasn't saved me time or money or made me money, I've no idea!

  18. Bob Lee Avatar
    Bob Lee

    Right on! If you can not answer “WIFM” in fifteen seconds, you got nothing to say.

  19. trufflemedia Avatar
    trufflemedia

    Those three questions apply well for B2B. What about to B2C? Like @Corey K above, how do those questions work for entertainment for consumers. What would be the @cspen questions for consumers?

    Interesting, there are some buyers (those listening to the pitch) that may not care about those questions as it pertains to the company for which they work, but only for themselves: their buying decisions is based solely on how their boss / supervisor will perceive the purchase. The old adage “no one ever got fired for buying IBM” comes to mind:)

  20. trufflemedia Avatar
    trufflemedia

    Those three questions apply well for B2B. What about to B2C? Like @Corey K above, how do those questions work for entertainment for consumers. What would be the @cspen questions for consumers?

    Interesting, there are some buyers (those listening to the pitch) that may not care about those questions as it pertains to the company for which they work, but only for themselves: their buying decisions is based solely on how their boss / supervisor will perceive the purchase. The old adage “no one ever got fired for buying IBM” comes to mind:)

  21. trufflemedia Avatar
    trufflemedia

    Those three questions apply well for B2B. What about to B2C? Like @Corey K above, how do those questions work for entertainment for consumers. What would be the @cspen questions for consumers?

    Interesting, there are some buyers (those listening to the pitch) that may not care about those questions as it pertains to the company for which they work, but only for themselves: their buying decisions is based solely on how their boss / supervisor will perceive the purchase. The old adage “no one ever got fired for buying IBM” comes to mind:)

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