50 pages • 1 hour read
In 1922, E. K. Strong published The Psychology of Selling Life Insurance. One of the first books published on sales and sales tactics, the book put forward concepts that were still being taught in 1988 when Neil Rackham came out with SPIN Selling. Rackham argues that these older methods, though highly effective in smaller sales, are ineffective and damaging to larger sales. Instead, he proposes an entirely new framework for sellers.
SPIN Selling remains relevant because it shifts the seller’s focus from promoting a product to facilitating relationship with a customer. The SPIN method is less of a manipulation and more of a guiding strategy to foster the client’s need for a specific product or service. The relationship between the buyer and seller is a critical piece of larger sales, as customer support is often part of major business purchases. Rather than manipulating and pressuring the client to buy the product, the SPIN method uncovers client dissatisfaction with their current system and asks questions about the ultimate costs of these dissatisfactions. Unlike a typical sales pitch, it encourages the client to contribute their own thoughts. Likewise, the client is free to disagree with the seller about the importance of various points.
Plus, gain access to 8,550+ more expert-written Study Guides.
Including features: