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Welcome to The Wedge Report - July 2005

Demonstrating YOUR Proactive Services Differentiators

Last month we learned "What you don’t understand, you can't appreciate," and, if your prospect can't understand what you bring to the table is better than what they already have, they won't change. We know that most of us offer the same features and benefits, and we know that you can’t win the relationship game. So your only chance to win is to know how YOUR best is truly better than your competition’s best, and then artfully draw a comparison between the two. The Wedge gives you a subtle, non-combative way to make that comparison.

A few years ago, while on business in Las Vegas, I had some free time. I had always heard about the Hoover Dam and wanted to see it. So I headed out on Lake Mead with a friend in his boat.

As we approached the dam, I was completely unimpressed and quite disappointed. From the bow of the boat, all I could see was a little lip of concrete. It looked like just any another dam to me, not some marvel of civil engineering. The significance of Hoover Dam was on the other side – I just couldn’t see it.

My friend suggested we go up on top of the dam and look around. That's when I saw the 'marvel'. I stood atop of all 726 feet and 4.4 million cubic yards of concrete – enough concrete to pave a highway from San Francisco to New York City. It truly is a wonder to see. It wasn’t until I changed my view that I was able to see what was so spectacular about it.

Prospects experience the same thing I did at Hoover Dam: from the lake side, all dams look the same – not that impressive. The truth is, from where they’re sitting, you look just like every other salesperson knocking on the door. You don’t seem special because you communicate abstract things: “We have great technology, research, education, yadda, yadda.” Your goal is to help your prospect change their view. You need to become very skilled at moving your prospects from the lake side of the dam to the river side so they can see the difference.

When you help your prospects understand and appreciate the differences between you and the incumbent vendor, it’s like showing them Hoover Dam from the dam side. All the things that make you spectacular that were hidden before can now be seen clearly. If your prospect doesn’t see the differences, your advantage will remain hidden.

Let The Wedge Group help you define your proactive services differentiators and refine your skills in showing prospects the "other side of the dam." Then you can look forward to generating the sales results you deserve. Now, Go out, stop selling and start winning!

Randy Schwantz
President & CEO
The Wedge Group



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Fire the Competition

News from Around the Industry
July 2005


Community Banks in Florida Growing with Housing Boom
Deposit growth is up 65% over past two years as community banks in Florida respond to the housing market. From mortgages to ATM, community banks are targeting need...and growing! Read More.

Private Passenger Automobile Insurance Coverages: An Actuarial Study of the Frequency and Cost of Claims for the State of Michigan
Seven major coverages were analyzed with nine perils, or cause of loss, for Comprehensive coverage, including Fire, Wind/Hail, Vandalism, Total Theft, Partial Theft, Glass, Flood/Water, Animal Collision and All Other. Includes study in PDF format (large). Read More.

First Evidence of Effects of Cell Phone Use on Injury Crashes
The first analytical study of cell phone use shows that crash risk increases four fold when a cell phone is being used. Study includes, gender, age, hands-free. Read More.

MAKING A DIFFERENCE

"The Wedge technique has been very effective during my sales presentations and has allowed me to provide solutions to my clients’ problems."

Joel Wood
American Family

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Learn more about how The Wedge Group sales training makes a difference

UPCOMING WORKSHOPS/SEMINARS
THE WEDGE

Update: The August 15-16 Wedge workshop has moved to Fort Worth, TX.
Aug. 15 - 16, 2005
Fort Worth, TX
Oct. 17 - 18, 2005
Las Vegas, NV
For more information about these and other Wedge workshops, Contact Us.

Learn more about The Wedge Group sales training workshops and seminars

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