In the mid-2000′s commercial real estate provider Jones Lang LaSalle (JLL) made a strategic shift in their sales packages to move to solutions based selling. They found that clients that had purchased commercial properties from JLL then wanted JLL to provide the building management for their properties. By adding building management to their service portfolio they increased their sales and profits, dramatically.
As we see our services become more commoditized, every year, providing solutions to our clients as opposed to services starts the reversal of that commoditization but we have to be willing to commit to solutions and look at the situation through the eyes of our client. Often times, looking at a situation through the eyes of our client is where the ‘solution’ falls apart because the best solution for their situation may need a service that you don’t offer. You may find yourself creating a solution package that requires you to provide services that you don’t normally offer, you may have to engage another company to assist, or you may have to share a part of the project with another company. In the end though the solution will be a win-win for you and the client.
There are four components to a successful solutions-based selling philosophy:
- Cooperation: People across all disciplines have to come together to work out the best solution for the client.
- Capabilities: If your agency doesn’t have a particular capability to deliver the complete solution, where can you get the capability.
- Coordination: You will begin to find a new role as a coordinator in completion of the solution.
- Connection: Relationships with vendors will increase the ongoing efficiencies and effectiveness of your solution packages.
Within the marketing arena the best example of solutions offerings is in the application of multi-channel marketing campaigns. We can no longer operate in the online and offline silos and hope to bring a client the solution for their situations that will set them apart and help them win! We have to come together, recognize that every, yes every, client and campaign will benefit from a solutions-based approach. It will take a commitment on our part as the agencies to ‘think out of the box’ on how we come together in support of the client. By helping the Client with a solution, we will ultimately help ourselves.
In the wake of the commoditization of services, solutions based selling is the differentiator that will bring increases in client loyalty, client acquisition, and most important profitability.