6 Tough Questions to gain Business Development Mastery

1. What business are you in?

  • What makes you unique (to your customer)?
  • How does the customer benefit from your unique value prop?
  • What is the weakness in their system can you fix?
  • How do you close the gap in their system?

2. What’s your “Why”?

This Question comes from Simon Sinek’s “Start with Why”

  • Until you know your purpose, you won’t be able to differentiate yourself with your customer.
  • What is your purpose?
  • What gets you going in the morning?
  • What value is your “Why” to your customer?
  • How does your “Why” show up to your customer?
  • How do you communicate your value to the customer?

3. What problems (pains) do you solve?

All customers buy to solve a pain. What pain do you fix?

4. What stories best tell what problems you solve?

People understand stories best. Keep your story short. 2 minutes is ideal. Use this pattern to tell your story:

  1. Pain: What problem did your customer have?
  2. Solution (one sentence). Don’t explain how you solve the problem. Your audience trusts you know how to solve the problem.
  3. Value: What return on investment did your customer get?

5. Who is your target customer/market?

Not all customers are the same, right? You need to identify your ideal customer from the rest of the market to target your message and resources to the right audience. That can be done by answering these 2 questions:

  1. What makes your customer different? Understanding what characteristics your target client is not, will help you exclude businesses that aren’t your target market? For example,our client’s aren’t Fortune 500 companies. Big companies view our services as a commodity. With them it’s all about price, not value. They select their vendors through a competitive bid. So we don’t spend resources target on big companies.
  2. Once you understand who’s not your target market. Identify what characteristics are common among your all your clients, so your message is directed to the right target. Understand the industry, size, type of business and which problems that your ideal needs solving? For example, our clients are business that are changing their industry by applying technology to improve the way business is done in their industry. Off the shelf software isn’t effective with their unique proprietary processes. We help them with a custom solution that fits their unique business processes.

6. How do you reach our target market?

  • What media, forms of communication, groups, and relationships get to your target customers and what methods do you need to practice to reach them?

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