In B2B sales, understanding and addressing your prospect’s pain points is crucial.
But what if you could take this a step further?
Enter the concept of Implicated Pain – a powerful approach that not only identifies challenges but also quantifies their impact and highlights their broader implications for different roles within an organization.
Understanding Implicated Pain
The Implicated Pain approach consists of three key components:
- Identified Pain: This is the basic recognition of a problem or challenge the prospect is facing. It’s your starting point, where you acknowledge the issue they’re dealing with.
- Indicated Pain: Here, you quantify the cost of the pain to the business. By putting a number on the problem, you increase urgency and highlight the value of your solution. For instance, “This issue is costing your company $500,000 in revenue per day.”
- Implicated Pain: This is where the approach truly shines. Implicated Pain is role-specific and involves helping the prospect understand the broader implications of the pain point. For example:
- For a Chief Revenue Officer (CRO), discuss the impact on revenue goals, potential budget cuts, or layoffs.
- For a Chief Financial Officer (CFO), address budget reallocation and the knock-on effects of paying a ransom or addressing the issue.
- For a Chief Executive Officer (CEO), focus on the overall impact on yearly goals, affected initiatives, and various scenarios (best, mid, worst-case).
Benefits of the Implicated Pain Approach
Implementing this approach in your sales process can lead to several advantages:
- Increased likelihood of winning the deal
- Larger deal sizes
- Shorter time to close
- Creation of more sponsors with a vested interest in the solution
This approach is particularly effective in enterprise sales or when dealing with high-level decision-makers.
By tailoring your message to address the specific concerns of each role, you create a more compelling case for your solution.
Implementing Implicated Pain in Your Sales Process
To effectively use the Implicated Pain approach:
- Research your prospect’s industry and common challenges
- Identify the specific roles you’re targeting within the organization
- Quantify the impact of the problem in terms that matter to each role
- Prepare role-specific scenarios that highlight the broader implications of the problem
- Use this information to craft targeted messages, whether in emails, presentations, or conversations
By mastering the Implicated Pain approach, you can elevate your sales conversations, demonstrate a deeper understanding of your prospects’ challenges, and position your solution as a critical component of their success.
Case Study: Applying Implicated Pain Framework for a PaymentTech Startup
Let’s look at how a fictional company, PaymentExpress, might use this approach.
PaymentExpress offers an online payment solution for companies handling large volumes of payments, particularly those managing traffic ticket payments.
Here are the examples of emails targeted to different personas.
1. Email to CEO
Hi David,
We have yet to be properly introduced, but I’m Charles Rivers, CEO of PaymentExpress. I came across your profile recently when I got a traffic ticket and was searching online to settle it.
The real reason for my outreach is this: How would saving $250,000 annually in processing fees per $10 million in payments affect your market position?
Could you use these savings to lower your fees, potentially attracting more clients and increasing your market share? Or perhaps invest in marketing to expand into new territories?
What’s your best-case growth scenario with an extra $250,000 each year?
This is exactly how PaymentExpress can help you.
While you may already have a payment solution, we offer a key difference. We provide instant payouts, even on weekends and holidays.
Interested in learning more?
Cheers,
Charles Rivers
2. Email to COO
Hi David,
We have yet to be properly introduced, but I’m Charles Rivers, CEO of PaymentExpress. I came across your profile recently when I got a traffic ticket and was searching online to settle it.
The real reason for my outreach is this: How much time is your team spending on managing payments, dealing with tax compliance, and handling payment delays?
What would it mean for your operations if you could offer instant payouts 24/7/365, even on holidays? Could you redirect that time to improving customer service or optimizing your ticketing processes.
This is exactly how PaymentExpress can help you.
While you may already have a payment solution, we offer key differences. We can save you $250,000 annually in processing fees per $10 million in payments.
Interested in learning more?
Cheers,
Charles Rivers
3. Email to CFO
Hi David,
We have yet to be properly introduced, but I’m Charles Rivers, CEO of PaymentExpress. I came across your profile recently when I got a traffic ticket and was searching online to settle it.
The real reason for my outreach is this: In the competitive traffic ticket management industry, you could save over $250,000 in processing fees for every $10 million in payments.
How would you reallocate that budget? Would it allow you to invest in expanding your services to other cities or improve your legal support team? Consider the compounding effect over five years – that’s $1.25 million to reinvest in your company’s growth.
This is exactly how PaymentExpress can help you.
While you may already have a payment solution, we offer a key difference. We provide instant payouts, even on weekends and holidays.
Interested in learning more?
Cheers,
Charles Rivers
Key Takeaways
In each of these emails, we’ve applied the Implicated Pain approach:
- Identified Pain: Recognizing the basic challenges each role faces with payment processing.
- Indicated Pain: Quantifying the cost of the pain, such as the $250,000 in annual fees per $10 million in payments.
- Implicated Pain: Highlighting the broader implications specific to each role:
- CEO: Impact on growth strategy and competitive position
- CFO: Effect on financial planning and resource allocation
- COO: Influence on operational efficiency and customer satisfaction
By tailoring the message to each role and emphasizing the specific implications for their areas of responsibility, these emails are more likely to resonate with the recipients and drive engagement with PaymentExpress’s solution.
Remember, the key to successful implementation of the Implicated Pain approach is deep research, personalization, and a clear understanding of how your solution addresses the specific pain points of each decision-maker in the organization.
With practice and refinement, this approach can significantly boost your conversion rates and deal sizes.