One of the ways to strengthen a value proposition is to use quantifiable benefits.  The reason to do this is that it helps customers and prospects understand what the actual impact could be for their organization.  It is especially helpful when trying to sell to the C-Level within an organization.  We have written a recent blog on selling to the C-Level. Not convinced? Which point sounds stronger to you?

  • We helped a financial services firm increase customers and revenue

                                                                           OR

  • We helped a financial services firm increase customers from 1 to 40 and more than double revenue

The 2nd one is more powerful and it happens to be from a VA Partners success story.

If creating quantifiable benefits was easy everyone would be doing it, but it is easier than organizations think.  Here are some tips to help you quantify the benefits of your solution.

Focus on the right metrics.  Your benefits should help to support benefits for revenue, decreasing cost/expense, improving employee productivity, or avoiding something bad.   For more detail check-out a recent blog on this.

Start tracking things.  Look at information that supports before and after.  One of the metrics many companies want to track is the increase in page views.  By using a simple free tool like Google analytics you can track your page views, so why not do it.

Follow-up with customers. Sometimes you are not aware of the impact of a solution with a customer until after it is rolled out.  Follow-up with your clients and work with them to help understand and quantify the benefits they have realized.  Most customers are happy to do this and can use that information internally to support a successful project.

Estimate the benefit.  Sometimes it may be difficult to get an exact number for the benefit that your solution can provide.  In that case use an estimate and the specific inputs.  Be conservative so to better defend the solutions benefit.

The Value Proposition is one of the most important sales tools.  Quantifying the benefits that you can provide makes it even stronger.  Take the time to try and quantify as many as you can and good luck selling. 

For more information about Venture Accelerator Partners, please visit our website and contact a member of our team for answers to your sales, marketing and social media questions.