Join us for a conversation with Mark Boundy, Chief Clarity Officer and founder of Boundy Consulting LLC. From his humble beginnings in retail sales to his influential role at WL Gore Associates, Mark has honed a profound understanding of customer perceived value.
This insight not only shaped his career but also led him to pen the transformative books Radical Value and The Infinity Effect. In our conversation, we uncover the essential strategies for establishing a common definition of value within sales teams, which in turn boosts win rates, shortens sales cycles, and enhances pricing.
The discussion highlights a common issue where companies overestimate the value they bring to customers, often finding out through feedback that customers aren’t even using their products. This disconnect arises from outdated sales habits and a failure to realize that value is determined by the customer's perception, not by what the company claims. True value exists in the customer’s mind, and if the perceived value is greater than the price, the sale is likely to succeed. Understanding and accurately measuring this perceived value can improve sales forecasts and business outcomes. When organizations focus on making customers articulate the benefits they receive, it leads to growth, higher profitability, and stronger customer relationships.
The "infinity organization" concept stresses that delivering value requires alignment beyond sales, extending to the entire organization, including delivery teams. Often, sales teams focus on customer outcomes to close deals, but delivery teams follow internal metrics and standardized statements of work, leading to a disconnect. This siloed approach fails to ensure that the promised value is delivered. By viewing the customer journey as an infinite loop—encompassing both the buying and ownership experiences—companies can better align their efforts, ensuring customer satisfaction and value realization throughout the entire process.
The discussion emphasizes the importance of creating KPIs that are directly connected to enhancing the customer journey. Instead of focusing on easily measurable internal metrics, companies should align their goals with customer outcomes, even if these are harder to measure. Differentiation also plays a crucial role; small differences can significantly impact customer choices, as seen in the example of gas stations with varying prices due to minor conveniences. Understanding and leveraging these differentiators can create substantial value. Moreover, effective collaboration across teams—beyond just sales—ensures a seamless customer experience, leading to better insights and stronger customer relationships.
Paul Fuller’s stated mission is to help others maximize their gifts by using his.
Paul has been a pioneer in the sales process and training, sales as a service, content marketing and CRM. As a previous founder and owner of multiple successful growth organizations in these spaces, Paul has effectively trained and led sales and marketing teams across the world to focus on and achieve dynamic growth.
He firmly believes sales is defined best in three categories:
• Service - helping other get what they need
• Leadership - guiding others toward their vision
• Wayfinding - navigating the path to success together
He is firmly committed to elevating the sales profession through coaching, leading, and empowering others through systems that enable strong performance.
Currently Paul leads revenue growth at Membrain.com - the top sales effectiveness CRM in the world. Working with his team, and a group of over 100 top sales consultant organizations across the globe, they are focused at creating scalable growth through sales excellence in companies and teams in over 80 countries.
Schedule a call with him here.
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