I.K.E.A. which stands for: Intelligence, Knock-on effect, Expansion, and Appropriate. Having the same initial letters as the well-known furniture store makes the I.K.E.A. approach easy to remember but why is it so effective? It is because it uses a very common sense approach to opening the sales process. This is based on the following three facts:
1. Most products and services are actually there to provide solutions to problems.
2. None of us is really a prospective customer for any product or service unless we have, first, admitted to ourselves that we have a problem that needs fixing.
3. As prospective customers, self-admission of a problem-in-need-of-a-fix depends largely on where we are on our own buying ladder.
The I.K.E.A. approach is based on first analyzing the potential problem-solving value of the product or service we wish to sell. Only when this is done can we begin to apply the I.K.E.A. model. So what does each word in the I.K.E.A. model stand for?