It seems every relationship is becoming a partnership. In every sales situation, rather than creative valued customers we want to have partnerships.
Rather than calling customers, customers, we call them partners. I suppose that word change is somehow supposed to mean the relationship is more important. But to often, what we, as sales people really mean is, “We’d love to separate you from some of your money.” Rather than honoring and respecting our customers as valued customers or clients, somehow, we choose to use the “P” word, as if it meant something different. I wonder if someone is a partner if they don’t give us money?
Or customers start calling vendors “partners.” Soon after that, they leverage the partnership to get special prices, special treatment, or to get a vendor to assume more risks—all in the spirit of partnering—even if the vendor hasn’t uttered the “P” word.
I get lots of calls to “partner.” When I drill down into it, the intent is, “Can you give me some leads, can you give me some referrals, can you shift some business my direction?”
“Becoming a partner,” “partnering” and all other forms seem to permeate every single conversation. Somehow just using that terminology is supposed to be the “magic” to getting a customer to say “Yes now that I’m your partner, I’ll buy and give you my money.”
We unilaterally declare our “partnerships.” We call our clients/customers partners–without checking if they want to partner.
Drill down into the motives for many who seek to “partner” and it’s really “What’s In It For Me?” (WIIFM)
It takes two to partner. We can’t declare it unilaterally. We can’t wish partnering into a relationship. Each party must want to partner and be willing to engage in the things that create true partnerships.
I wonder about our rush to partner–other than it’s a way to avoid calling what we do as selling and what the customer is doing is buying. Data shows 70+ % of partnerships and alliances fail. If so many fail, then why do we want to transform everything into partnerships?
Partnerships, properly used can be very powerful for all parties involved in the partnership. But there is a high degree of interdependency. For a partnership to work, there has to be total alignment across five key areas: Share values, shared vision, shared risk, shared resources, shared rewards.
When we understand the obligation we undertake in entering into a partnership, we also understand that we cannot possibly afford to make all our relationships partnerships. Neither can our customers.
So maybe we are better served by becoming great suppliers or vendors, and our customers are better served by being customers or choice. This does limit our ability to create deep value and enduring relationships. Calling our selves partners doesn’t mean we are creating that deep value or enduring relationship either.
There is no shame is saying, “I’m a sales professional. I believe I can help you, my prospect or customer, improve your business and more effectively achieve your goals. I’d like the opportunity to show you how.”
There is nothing wrong when we receive an order to say, “Thank you valued customer. I hope we can continue to serve you for a long time.”
There is nothing wrong when the customer says, “This has been a great transaction, thank you for your service, we look forward to doing business in the future.”
We don’t need to mask these with the P word.
This post was written as part of the IBM for Midsize Business program, which provides midsize businesses with the tools, expertise and solutions they need to become engines of a smarter planet. I’ve been compensated to contribute to this program, but the opinions expressed in this post are my own and don’t necessarily represent IBM’s positions, strategies or opinions.
John Sterrett says
I think a valid analogy is, what is a Friend, vs an acquaintance. You may have multiple interactions with an acquaintance, mostly positive, but there is no mutual investment in the relationship. A Friend is someone you have had EXPERIENCES with, someone with whom you have weathered storms, negotiated with, joined with in a common cause, and yes, sacrificed for.
One of my customers bid out a certain commodity product that we customized for them, that I had supplied without fail for a long time. Perfect OTD, and we passed along price decreases when the market shifted that way. Occasionally we had to raise the price, but tried to save them that pain whenever possible. They were 100 pleased with the quality and service. Sometimes we would push in or pull out a schedule, and sometimes they let us ship early to make a month end or quarter end number. But bottom line, they could get a lower price somewhere else.
Problem is, the other supplier was better positioned to offer the product than we, and there was NO WAY I could get near their price (HINT: The customer gave me a target price range). So I discussed the situation with our customer, and asked for 30 days to see what we could come up with. We sought other suppliers on our end, sought efficiencies in our process, and finally were able to offer a lower price for a volume long term PO. The lower price was at the top of the target range, so I knew the other bid was still lower than ours.
When I explained the process we had gone through, emphasizing our long-standing relationship, quality and OTD, the customer cut us a PO for the next year. More than price, they valued the long-standing relationship, and the certainty and stability of their partnership with us over the allure and flash of a new possibility with an acquaintance.
David Brock says
Great comment, thanks for adding to the discussion John!