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Understanding the "WHAT" of Your Business
The hardest question for any business owner to answer and along with the correct response to potentially deliver the greatest increase in sales is this one “What do you do?”
The reason why this is such a hard question is one confusion and time. Small business owners, sales professionals to business executives confuse the how of what they do with the “what” of what they do. Then time being limited, they fail to generate a compelling 5- to 7-second response to generate this response “Tell me more” or “Let’s schedule a time to talk.”
The how of the “what” any organization be it for profit or not for profit are the solutions being offered. These solutions are the products or services that range from retail specialty goods to business luncheons to physically manufactured products to professional services from accounting to executive consulting to marketing.
Now the “what,” aah, that is entirely different and escapes even the best of small business owners. The “what” centers around the value you as the solution provider bring to the buying decision table. In some instances this value can be results and it is rarely ever features or benefits. However in most instances, the value has already been predetermined by the buyer or by past clients.
For example, Tony Schifino, who owns AJ Specialties in Merrillville, sells unique specialty gifts and logo sportswear. His selling of these items is the how of what he does along with all those other specialty stores.
Now the “what” is Tony turns the average, common to boring shopping experience into an exceptional one. He not only engages with every customer, but his attention to detail from the packaging to the walking customers out to their cars makes stopping into his store an absolute delight. Then he shares on various social media platforms his thanks for your patronage. Once you have his exceptional customer shopping experience frequenting other establishments is an emotional letdown.
Behaviors and Operations
Another business that works in local to national market place is Legacy Environmental Services Inc., also from Merrillville. The “what” of this firm is about leading transformational community change. When businesses make more thoughtful decisions about the impact of their behaviors and consequently operations on the environment through the solutions provided by Legacy Environmental, communities experience transformational change.
By understanding the “what” of your business, provides clarity not only for you, but for your customers both internal and external.
When small businesses that function in both a local to a global market can succinctly state “what” they do, they will stand out in the crowd, be the “red jacket,” as I have come to say. Their response to the “what do you do?” question will have people engaging with them; wanting to learn more about them and reflects the two-fold purpose of marketing to attract attention and to build relationships. Additionally by understanding the “what” of what you do provides clarity not only for you, but for your customers both internal and external. Clarity reduces effort and increase results.
So if you are in real estate, you do not sell houses. What you may do is to make family memories.
If you are a restaurant, you do not sell food. What you may do is provide quality time for friends and families to share their daily events.
Or if you are in accounting, you do not prepare tax reports. What you may do is create peace of mind free time.
Discovering the “what” of what you do is an investment of time including trial and error. And, there is always the chance that someone else may hear your well researched response and copy it. This means you must always be forward thinking, ahead of the flow or in the words of Wayne Gretsky “skate to where the puck will be, not where it is.”
Articles by this Author:
- Learn Significant Advantages to Video Marketing for Business Success
- B2B: Make the Most of Your Time to Generate the Greatest Return on Investment
- Business Resolutions and the Magic Behind Commitment
- Where Do You Find Your Target Audience in the Social Media World?
- Managing Risks: The Challenge for Business Owners
- Do You Have A Mobile Technology Plan to Compete In Business?
- How Forward-Thinking Leaders Find Value in Investments
- Change Your Paradigms and Leverage Your Profit Centers
- Remove All Barriers to Connect With Prospects
- The Problem With Unrealistic Sales Goals
- Overcome Business Challenges and Become "Thrivers" of the Future
- What is THE Key Goal for Managing Customers?
- What's the Biggest Challenge In Marketing Sales?
- The Importance of Keeping Up with Megatrends in the Global Marketplace
- Visionary: How to Describe a Great Leader!
- Proactive Behaviors: Deciding And Doing
- Avoid The Culture Of Average Performance
- The Essence of Marketing Success
- Fly High Marketing
- Increase Sales Growth with a Sales Dashboard
- Strategic Business Skills
- Identify Obstacles And Embrace Success
- How Do You Rate on Your Customer's Trust Scale?
- Confirm the Problem Before Attempting to Solve It
- Who Is Your Greatest Competitor?
- It's Time to Winterize Your Business
- Business Ethics are the Foundation for Success
- Web 2.0: Changing the Way We Market
- Process Improvement: Maximize Limited Resources
- Establish Customer Loyalty with Customer-Focused Experience
- Are You Operating Your Business By Riding Dead Horses?
- Relationship Selling: Are You a Sales Vendor or Sales Guru?
- Relationship Selling: Are You a Sales Vendor or Sales Guru?
- Knowledge is Power - But, Applying Knowledge is More Powerful!
- Make Your Business Website Effective and Customer Friendly
- Are You Suffering From Sales Rage?
- Lose the Staples and Increase Sales
- I'm So Busy I Don’t Have Time To…
- Assistant to the Buyer
- Sales Through Storytelling
- The Good, The Bad & The Ugly
- Postcards and Stamps vs. Fuel
- Swap the Elephant Gun for the Fly Swatter and Increase Sales
- 7 Tips for Pitching and Catching Business Referrals
- Are Your Sales Lagging?
- Don't Bring a Knife to a Gun Fight
- Attack Yourself
- Confirming Sales Appointments: Are You Asking For The Cancellation?
- What Not To Do On a Cold Call eMail
- I Just Called to See How Things are Going
- 5 Closing Questions You Must Be Asking
- Use the News: How to Create New Opportunities Fast
- 5 Secrets to Effective Email
- The 5 Best Openings
- 5 Ways To Keep Your Prospect Talking
- Protect Your Time
- Yes You Can!
- Secrets Buried In a Sales Person's Resume
- Define What You Want And Write It Down
- 10 Rules for Pricing Confidence
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