How to Differentiate Yourself as a Managed Service Provider with Randy Schwantz
· Summarized
Key takeaways
- Know your competition to effectively differentiate your services.
- Building relationships is more beneficial than simply trying to be likable.
- Align personal financial goals with professional objectives for greater motivation.
- Seek coaching and mentorship for continuous improvement in sales.
Summary
The Importance of Knowing Your Competition
In this episode, Randy Schwantz emphasizes the necessity for managed service providers (MSPs) to understand their competitors deeply. Drawing from his personal sales experience, he notes that many salespeople focus on their own offerings without evaluating the strengths and weaknesses of others. By identifying gaps within the competition, MSPs can strategically position themselves to win clients.
Building Relationships Over Selling
Randy discusses a common misconception in sales: that clients are won over by likability. He argues that while personal rapport can open doors, it is not what ultimately closes deals. Instead, a more profound understanding of the client's needs and how to solve them should take precedence. By challenging the status quo and daring to appeal to a client's practical requirements, salespeople can foster lasting relationships.
Aligning Personal Goals with Sales Metrics
A significant discussion revolves around the importance of aligning personal and professional aspirations. Randy shares an inspiring story of a young insurance agent who transformed his career by first identifying his financial needs for his family's future. By connecting these personal goals to his sales strategy, the agent increased his income significantly, highlighting the power of personal motivation in boosting professional success.
Coaching for Success
Randy gives encouragement to those who may be struggling in sales. He draws parallels with his journey to improve at golfing, highlighting that commitment to continuous learning and seeking mentorship can lead to remarkable improvements. He advocates for salespeople to establish a connection with coaches, thus fostering their growth and performance.
Sponsors
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Show notes
If you are a managed service provider, how can you differentiate yourself in the competitive IT industry?
In this episode, we have our friend @randyschwantz with us live from our Indianapolis 7 Figure MSP live event. We are talking about how to make more sales in your MSP and how to stand out from your competition to make you the only cybersecurity choice out there to work with.
Watch the video on YouTube: https://youtu.be/TSNtsuD9REM
POINTS TO TAKE NOTE OF:
01:07 What should an MSP focus on when looking to bring in clients?
01:36 A big mistake you might be making when selling your services
03:51 The one thing you need to do to motivate your sales reps
05:03 What to do if you feel like your sales are slow
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