Every time I make a major purchase, I pay attention to the process. I try to reconstruct the entire experience to see what I can learn from it.
I recently got a new mountain bike frame, and was looking to outfit it with all of the components needed to make it a bike. I wanted to build it myself, but didn’t have a lot of experience in selecting components. Further, I had never built a bike before. I found myself scouring the internet and visiting local bike shops for the best information and prices. I talked to everyone about getting the right components for my needs. After 2 weeks, I found that almost everyone proposed the same components. Surprisingly, everyone had their pricing within 3% of each other. I was no closer to making a decision on a supplier.
I stopped at one last bike shop that I came across. I told him that I was looking to build a bike and had a list of components for him to price. Instead of going to his computer and pricing it out, he began to ask me questions.
Salesmen: Wow, this looks like you did a lot of work on this list. Have you ever built a bike before?
Me: No I haven’t but I am really excited about working on it.
Salesmen: Where are you going to build it?
Me: At my house.
Salesmen: You can definitely do it, if you have the right tools, and a little guidance.
Me: I have a set of tools but they aren’t specific to bike building.
Salesmen: Many people build bikes at home, and you can definitely do it without many special tools. If I could arrange for our head mechanic to supervise you while you build your bike in the shop, would you be interested?
Me: Absolutely. How much more would that be?
Just by asking some questions this salesmen was able to differentiate his company from the competition. He did such a good job, that I offered to pay more for his service before he even gave me a price! This eliminated any need for him to negotiate. Ask yourself this, did it sound like he was trying to sell me something? To me it didn’t. I felt that he was interested in my project, and uncovered what my real needs were.

Let’s bring this back to machine tools. At Phillips, we don’t sell machine tools, we sell manufacturing solutions. It is our job to ask the right questions to uncover the true need of the customer. If a customer announces that he wants our best price on a new piece of equipment, we should make sure that we understand why he needs it. We should question everything. We should understand his goals, his challenges, and even his fears. If we have properly interviewed, we are positioned much better to earn the business.
What are your best questions?

BTW, check out my new wheels! The bike is a Chumba VF2. They named the model after the CNC machine that makes the final cuts on the frame…you guessed it, a Haas VF2.