I like the word “innovation”. As opposed to its come-up-with-something-completely-new-completely-from-scratch cousin “invention”, I like the idea of coming up with new uses for that which we already have. Innovative pursuits often lead to the discovery of capabilities that no one had previously considered and can do so in a more economical fashion. Additionally, innovation provides a creative outlet for those types who once turned their mother’s hair dryer into a toy gun or modified their first car so an unused fog light switch in the dash could be used to operate the stereo without the hassle of putting the key in the ignition (many of you will recall when ALL cars required the keys to be inserted into a hole and turned before the car could function).
I have recently read about how companies are paying more attention to how much they are able to innovate or, taken a step further, “reinvent” their businesses. Many are even exploring and implementing methods of tracking and rating these efforts. Whether by exploring the true needs of their customer’s customer or expanding their ecosystems around complimentary products & services, innovative organizations are constantly looking at what they already do (whether they do it well or not) and considering methods to modify those capabilities to engage in or even create new markets. This begs the question of how, as technical sales professionals, can we assist our customers in this regard? Although we have the ability to bring new customer requirements back to our respective labs and R&D organizations for future product enhancements, our mission is to help our customers invest in the here and now in solutions that are currently available (i.e. the old “sell what is on the truck” adage). In effect, we are primarily here to help our customers make money, save money, or mitigate risks in the immediate rather then the longer-term future. (Don’t get me wrong, obviously we also want to help customers for the long term with strategic ideas and solution, but we cannot get there without first securing short term business. And at the speed of today’s business, it is what we are providing NOW that matters the most). So how can we, as a part of the field sales force charged with aiding customer success in the here and now, be innovative?
Be a Customer of Your Customer – There is no better way for you to get to know your customer than to be a consumer of their products and services. This truly puts you in a position to provide them with feedback on how they are doing as well as ideas for what else they can do for you. I have a colleague who, upon getting assigned to work exclusively with a large financial services customer, moved all of his personal financial services business to that customer. Being “all in” with his customer has enabled him to provide ideas and recommendations based on first hand experience working with several of their lines of business. In taking a similar approach, your unique position as both a customer and a supplier could result in a scenario where you get to create a better consumer experience for yourself, while helping your customer expand their business, while also selling more of your company’s offerings. Forget win-win, this is win-win-win.
Know Your Customer’s Industry & Competitors – Knowing your customer’s industry is sales 101. However, knowing how their competitors run their businesses and, if possible, how their competitors may be using some of your company’s solutions will provide you with insight into proven ways that they can also utilize those solutions. There are obviously situations in which confidentiality may prevent you from disclosing specifics about new offerings, differentiating processes, etc. However, those situations are likely few and far between, as most industries already collaborate on similar issues and problems via trade associations, user groups, and good old-fashioned human networking. Knowing how CompanyX used your offerings to streamline their roll out of ProductX will undoubtedly help you help CompanyY as they seek to roll out ProductY.
Know Other Industries’ Application of Your Solutions – Pay attention to how customers from other industries are using your company’s products. There are many examples of customer contact scenarios, business processes, and supply chain situations that can be easily adapted across industries. For example, from a solution perspective, there are parallels between warranty claims processing and the adjudication of insurance claims. Methods for delivering a first class retail sales experience can be leveraged to meet the packing and shipping needs of small businesses. With a little knowledge and creativity, it is not hard to share ideas from other industries to help your customer drive their innovation.
A senior executive once told my team, “in the final analysis, it is the CUSTOMER who owns the innovation”. Having been a customer before I was a supplier, I can guarantee that this is true. But it does not absolve us from the responsibility of bringing innovative ideas to our customers. If we are constantly provoking our customers with new ideas on how they can use our solutions to run their business, as well as providing them with ideas for how they can get more value out of their existing investment with us, we will be viewed as innovators. Because we are part of the sales organization, we do not necessarily “innovate” in terms of directly developing or enhancing new products for our customers. Rather, we must be innovative in the manner in which we bring them new ideas, develop relationships with new buyers, and contribute to the success of their business.