What is Sales

"Sales is ultimately about connecting the dots between problems…and solutions."
"We don't like to be sold to but we do like to buy things."
"Everybody has problems; you don't need to create them."

Mike explores the fundamental concept of sales as connecting problems with solutions. The speaker discusses how awareness of problems and solutions affects the sales process, emphasizing the importance of understanding customer needs. They provide practical insights into the decision-making journey from problem identification to solution adoption.

5 Key Takeaways:

Understanding Sales:

Sales is about solving problems by connecting them with appropriate solutions.
Effective sales require understanding both known and unknown problems.
The sales process involves making customers aware of their problems and potential solutions.
Customer Perspective:

People prefer buying solutions rather than being sold to.
Understanding customer needs and desires is crucial.
Making customers feel valued and understood enhances the sales experience.
Problem Awareness:

Problems can be unknown until identified through data or questioning.
Awareness of a problem often compels action to find a solution.
Businesses must guide customers from problem unaware to problem aware.
Solution Awareness:

Identifying a solution involves research, consultation, and community input.
Moving from an unknown to a known solution is a critical step.
Visualizing the future benefits of a solution motivates action.
Decision-Making Process:

The journey involves awareness, interest, decision, and action.
Deciding to solve a problem depends on its perceived importance.
Investments in sales, marketing, and customer engagement should be informed by problem and solution awareness.
These takeaways highlight the core idea of finding a catalyst for successful sales by understanding and addressing the stages of problem and solution awareness.