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3 Ways To
LOCK OUT YOUR COMPETITION




   Craig    Steve     Cliff
   Elias   Richard   Pollan
iSell: One Source To …

• Over 19m contacts
  and decision
  makers
• Integrates 2,600
  real time news
  sources
• Incorporates
  LinkedIn updates
OneSource Sales Triggers




 http://sellingpower.typepad.com/gg/customer-relationships/
1. Define Your Targets
2. Expand Contacts & Get Details
3. Research the Prospect
4. Make Your Call/Email Relevant
Sales is ALL About The Pole Position
First In Wins Most of the Time

            Scott Santucci
             2011 Corporate Visions Conference




            Bit.ly/FirstInWins
             @ the 27:00 mark
Michael Bosworth Says…

                            Requirements   Company A   Company B   Company C

                                                         
                                                                    
                                              
                                                                    
                                                                    
                                                      “COLUMN FODDER”
                                                                     
                                                                    
“Column A                                                
                                                                    
Enjoys a                                                             
                                                                    
Huge                                                                

Advantage”                                               

Customer Centric Selling:
Second Edition - Page 16
Photograph by EwanNicholson.ca
Craig’s Book
                     Steven M.R. Covey
                     “… simple but profound truths that will help you
                     leverage intent for immediate action and cut down the
                     selling cycle, while creating lasting bonds with
                     customers.”

                     Gerhard Gschwandtner
                     “This process is destined to expand the traditional
                     division of the sales team into hunters and farmers
                     by adding a new category: the trapper.”

                     Keith Ferrazzi
                     “By combining the power of relationships with timing –
                     what Elias and Shanto call “Trigger Events” – the
                     authors present a powerful sales strategy…”

                     Ivan Misner
                     “Elias and Shanto have brought referrals into the
                     21st Century, showing you how to … capitalize on the
                     key moments that will bring you success in a
                     busy, fast-paced world. This is a must read!”



               © COPYRIGHT Craig Elias 2002 - 2012
Silver Bullet in Sales




            TIMING!
Getting in front of the best prospects
    at EXACTLY the right time!


              © COPYRIGHT Craig Elias 2002 - 2012
Status Quo
Searching For Alternatives
Window of Dissatisfaction™
Brute Force Does Not Work




                        McKinsey Quarterly: The basics of business-to-business sales success, May 2010
     1,200 purchasing decision makers in small, medium, and large companies in USA and Western Europe
Brute Force Does Not Work




        http://sellingpower.typepad.com/gg/customer-relationships/
What Triggers The Best Timing?




            © COPYRIGHT Craig Elias 2002 - 2012
Events NOT Circumstances
Trigger Events Vs. Circumstances?
• Circumstances
  – Falling stock price
  – Shrinking margins
  – Unhappy with current solution
• Trigger Events
  – Their competitor gets acquired
  – There is a change decision makers
  – They win a large customer contract
  – Their competitor launches a new product
  – Your competitor’s sales person moves on

                   © COPYRIGHT Craig Elias 2002 - 2012
77% of Purchases Are Unplanned




Purchases Don’t Follow BANT Any More
             Bit.ly/NewPurchasePath
Authority & Close Ratios

Authority                                                  Status
                                                             Quo

                            0%                      Want




              © COPYRIGHT Craig Elias 2002 - 2012
Authority Need & Close Ratios



                                                                              Window of
Need
                                                                           Dissatisfaction™

                                    75%*




         * InnerSell Survey of over 200 sales executives and sales people, 2003




                          © COPYRIGHT Craig Elias 2002 - 2012
Authority Need & the Ideal Customer




 • Loyal
 • Profitable
 • Testimonials & Referrals
Authority Need & Close Ratios



                                                       Window of
Need
                                                    Dissatisfaction™
                                                   Afford




             © COPYRIGHT Craig Elias 2002 - 2012
BAN & Close Ratios




                                                                                 Searching for
Budget                                                                            Alternatives

                                   16%**

                   Bit.ly/LeakySalesFunnel
         Lead Lifecycle Management: Building a Pipeline that Never Leaks, 2009




                           © COPYRIGHT Craig Elias 2002 - 2012
Ready to Buy is TOO LATE!
                 “70% of the buying
                  decision is made
                   before a sales
                    person gets
                     involved”




      Eric Berridge, Cofounder of Bluewolf at Sales 2.0 Conference – San Francisco March 2011




                              © COPYRIGHT Craig Elias 2002 - 2012
BANT & Close Ratios




                                                            Searching for
                                                             Alternatives
                                                  Justify
Timeline                                   0%          NEW Status Quo



            © COPYRIGHT Craig Elias 2002 - 2012
Why You Can’t Win Using BANT

Authority                                                  Status
                                                             Quo


                                                       Window of
Need
                                                  Dissatisfaction™

                                                    Searching for
Budget                                               Alternatives

                                                  NEW Status Quo
Timeline


            © COPYRIGHT Craig Elias 2002 - 2012
Get In Before They Start Searching!
      “…75 percent of the time,
        customers made their
          decision halfway
             through the
              process.”

                         Steve W. Martin



                         Steve W. Martin
                        Heavy Hitter Sales
           What's Wrong With Your Sales Training Program
            Bit.ly/DecisionAlreadyMade


                 © COPYRIGHT Craig Elias 2002 - 2012
AN Gets You In First

Authority                                                                            Status
                                                                                       Quo


                                                                             Window of
Need
                                                                        Dissatisfaction™

                                           75%*




            * InnerSell Survey of over 200 sales executives and sales people, 2003




                                  © COPYRIGHT Craig Elias 2002 - 2012
It’s Already Happened To You




Those with three or more check marks were in the
      WindowOfDissatisfaction.com
           Window of Dissatisfaction™

                  © COPYRIGHT Craig Elias 2002 - 2012
Want Trigger Event
Opens The Door...
Adds One More Thing...
Turns On Selective Perception
Won Sales Analysis™
What we see
depends on what
we look for
-John Lubbock
Won Sales Analysis™
                           1. What event(s) lead up to this
                              purchase?
#1
                           2. When did these events happen?
                 #3
                           3. What made you choose us?

           #4a             4. What can you do to make it
 Emotion




                              easier to become our customer?

           #4b

            #2
                             Time
                 WonSalesAnalyis.com

                      © COPYRIGHT Craig Elias 2002 - 2012
Worksheet: Won Sales Analysis™
                      • Every time you win an ideal
                        customer
                      • Ask the primary decision maker
                        the four big questions - in grey
                      • Classify the opportunity using the
                        check boxes and notes sections
                      • Search for patterns in:
                              ‒     Close ratio
                              ‒     Sales cycle
                              ‒     Lead source
                              ‒     Trigger Events
                              ‒     Decision maker


      WonSalesAnalyis.com

            © Craig Elias 2002 - 2012
Who Are The Best Prospects?




• Money
• Authority
• Influence
Timing Alone is Not Enough

                 “The two most important
                  requirements for major
                       success are:
                first, being in the right place
                     at the right time, and
                 second, doing something
                        about it.”
                 - Ray Kroc, Founding CEO, McDonalds
Do Top Performers Reach Out?
                                         • Less than
                                           7% said a
                                           vendor
                                           proactively
                                           contacted
                                           them
       The New Path to B2B Purchases – DemandGen, 2011
           Bit.ly/NewPurchasePath
Do Top Performers Reach Out?
                                         • More than
                                           93% of the
                                           time a
                                           prospect
                                           contacted
                                           the vendor
       The New Path to B2B Purchases – DemandGen, 2011
           Bit.ly/NewPurchasePath
Cold Calling Works!

45 to 53 percent of the executives
        interviewed said…

 A cold call they received helped a
    vendor leapfrog onto the
     consideration shortlist
“On average, sales reps dedicate
 15% of time to prospecting; that
isn’t much time to create 60-70%
 of the overall new leads needed
to maintain a 3x pipeline-to-quota
               ratio.”
Source of your most qualified opps?

Channel                    Score
Outbound Prospecting        3.7
Website                     2.9
Inbound Calls               2.6
Email Campaigns             2.6
Events & Tradeshows         2.5
Social Networking Sites     2.1
Direct Mail                 2.1
Webinars                    1.8
# of Dials for a Convo?




                          22.5
“I Can’t Get Anyone
   on the Phone!”
Agenda
       1. Direct Lines
      2. Call Windows
3. Professional Persistence
1
Direct Lines
Associate       Ave Meetings   % Direct Lines
                   Per Month     on Contact List
                    (last 3)
   Pete Best           11             51%
  Ringo Starr          13             45%
George Harrison        20             76%
Paul McCartney         22             74%
 John Lennon           29             87%

George Martin         33             97.6%
Caller ID Looks Different
Where Do I Get
 Direct Lines?
Admin People

1.   Alt Location s/b

2.   Backup s/b Operator

3.   Admin to Other Exec

4.   Floor Receptionist

5.   Random Employee
Support People

                 1.   IT Help Desk

                 2.   Security Guards

                 3.   Customer Service

                 4.   Sales Lines

                 5.   Accts Receivable
Voice Mail System Codes




        Audix = **6
The Power of Direct Lines
2
Call Windows
5 Minutes
   Before
Top of Hour
What is The Best Time to Call?



                       Thursday
                         PM
How Scheduled
Day Of The Week Scheduled
Time of Day Scheduled
3
Professional
Persistence
Persistence




 Tenacity
What are the Rules
 for Persistence?
#1 Manage the Flow of Info
#2 Use a Constant Flow
#3 Sprinkle in Personal Details
#4 Add Value With Each Touch
Thanks for sticking
 with me, Steve.

I’m very busy and
 appreciate your
   persistence!
1. See the   2. Commit to   3. Plan out
         problem      a solution    the change
Status Quo               path           Closed Deal
Setting the Buying Vision

                  Context




               Bring clarity &
    Content
              Motivate change    Conversation
Shifting Buyer Concerns
                  Phase I          Phase II       Phase III
           Solution Development   Evaluation     Commitment




  Needs


                                                                       Price
   Cost



Solution



   Risk




                                   Time


           People                 Product            Company

                                               *Based on the research of Neil Rackham
Shifting Buyer Concerns
Discuss   Issues with Status Quo     Their Ideas for      Steps to Launch
                                     Change               Solution
Uncover Their Change                 Their Fears          Needs of Larger team
        Motivations
Useful  3rd Party research          Case studies        Free trial/Live demo
Content Educational webinars        Expert interviews   Planning checklist
        White papers                FAQs                ROI calculator




             1. See the            2. Commit to        3. Plan out
              problem               a solution         the change
                                       path
Status Quo                                                  Closed Deal
Tip#1

 Manage Content
Inventory & Flow
1:9:90
            Creators &
            Synthesizers
Consumers
Tip#2

    Put Content
Into Buyers Context
Tip#3

Use Content That
  Clarifies The
 Buying Vision
Content That Clarifies The Vision
Tip#4
Share   3 rd   Party Content
Tip#5

Use Content To Create
Interaction on Online
       Forums
Tip#6

Leverage Humorous
     Content
Tip#7

 Organize Content to
Make it Easy to Decide
iSell Trial
The hottest opportunities
prioritized by what’s most
valuable to you…
• Companies selected based on your specific
  target markets
• Contacts based on who is your key buyer –
  powered by millions of direct dial numbers and
  emails
• Timeliness prioritized by relevant sales triggers
  and how well they fit your sweet spot
• Key Issues highlighted through rich information
  about your target companies and prospects


  FREE TRIAL: www.OneSource.com/iSell
Q&A
Craig Elias                                 Cliff Pollan
• +1.403.874.2998                           • +1.781.350.3416
• TriggerEventSelling.com                   • PostWire.com
• Craig@TriggerEventSelling.com             •   CPollan@VisibleGains.com
•     LinkedIn.com/in/CraigElias            •     Linkedin.com/in/CliffPollan


Steve Richard                               Resources
• +1.202.302.3193                           • TriggerBook.com
• Vorsight.com                              • InsideSalesTraining.com
•   SRichard@Vorsight.com
                                            • PostWire.com
•     LinkedIn.com/in/SalesKickOffSpeaker
                                            • Bit.ly/10ContentTips
                                            • OneSource.com/iSell

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3 Ways to LOCK OUT YOUR COMPETITION

  • 1. 3 Ways To LOCK OUT YOUR COMPETITION Craig Steve Cliff Elias Richard Pollan
  • 2. iSell: One Source To … • Over 19m contacts and decision makers • Integrates 2,600 real time news sources • Incorporates LinkedIn updates
  • 3. OneSource Sales Triggers http://sellingpower.typepad.com/gg/customer-relationships/
  • 4. 1. Define Your Targets
  • 5. 2. Expand Contacts & Get Details
  • 6. 3. Research the Prospect
  • 7. 4. Make Your Call/Email Relevant
  • 8. Sales is ALL About The Pole Position
  • 9. First In Wins Most of the Time Scott Santucci 2011 Corporate Visions Conference Bit.ly/FirstInWins @ the 27:00 mark
  • 10. Michael Bosworth Says… Requirements Company A Company B Company C              “COLUMN FODDER”      “Column A      Enjoys a      Huge    Advantage”   Customer Centric Selling: Second Edition - Page 16
  • 12. Craig’s Book Steven M.R. Covey “… simple but profound truths that will help you leverage intent for immediate action and cut down the selling cycle, while creating lasting bonds with customers.” Gerhard Gschwandtner “This process is destined to expand the traditional division of the sales team into hunters and farmers by adding a new category: the trapper.” Keith Ferrazzi “By combining the power of relationships with timing – what Elias and Shanto call “Trigger Events” – the authors present a powerful sales strategy…” Ivan Misner “Elias and Shanto have brought referrals into the 21st Century, showing you how to … capitalize on the key moments that will bring you success in a busy, fast-paced world. This is a must read!” © COPYRIGHT Craig Elias 2002 - 2012
  • 13. Silver Bullet in Sales TIMING! Getting in front of the best prospects at EXACTLY the right time! © COPYRIGHT Craig Elias 2002 - 2012
  • 17. Brute Force Does Not Work McKinsey Quarterly: The basics of business-to-business sales success, May 2010 1,200 purchasing decision makers in small, medium, and large companies in USA and Western Europe
  • 18. Brute Force Does Not Work http://sellingpower.typepad.com/gg/customer-relationships/
  • 19. What Triggers The Best Timing? © COPYRIGHT Craig Elias 2002 - 2012
  • 21. Trigger Events Vs. Circumstances? • Circumstances – Falling stock price – Shrinking margins – Unhappy with current solution • Trigger Events – Their competitor gets acquired – There is a change decision makers – They win a large customer contract – Their competitor launches a new product – Your competitor’s sales person moves on © COPYRIGHT Craig Elias 2002 - 2012
  • 22. 77% of Purchases Are Unplanned Purchases Don’t Follow BANT Any More Bit.ly/NewPurchasePath
  • 23. Authority & Close Ratios Authority Status Quo 0% Want © COPYRIGHT Craig Elias 2002 - 2012
  • 24. Authority Need & Close Ratios Window of Need Dissatisfaction™ 75%* * InnerSell Survey of over 200 sales executives and sales people, 2003 © COPYRIGHT Craig Elias 2002 - 2012
  • 25. Authority Need & the Ideal Customer • Loyal • Profitable • Testimonials & Referrals
  • 26. Authority Need & Close Ratios Window of Need Dissatisfaction™ Afford © COPYRIGHT Craig Elias 2002 - 2012
  • 27. BAN & Close Ratios Searching for Budget Alternatives 16%** Bit.ly/LeakySalesFunnel Lead Lifecycle Management: Building a Pipeline that Never Leaks, 2009 © COPYRIGHT Craig Elias 2002 - 2012
  • 28. Ready to Buy is TOO LATE! “70% of the buying decision is made before a sales person gets involved” Eric Berridge, Cofounder of Bluewolf at Sales 2.0 Conference – San Francisco March 2011 © COPYRIGHT Craig Elias 2002 - 2012
  • 29. BANT & Close Ratios Searching for Alternatives Justify Timeline 0% NEW Status Quo © COPYRIGHT Craig Elias 2002 - 2012
  • 30. Why You Can’t Win Using BANT Authority Status Quo Window of Need Dissatisfaction™ Searching for Budget Alternatives NEW Status Quo Timeline © COPYRIGHT Craig Elias 2002 - 2012
  • 31. Get In Before They Start Searching! “…75 percent of the time, customers made their decision halfway through the process.” Steve W. Martin Steve W. Martin Heavy Hitter Sales What's Wrong With Your Sales Training Program Bit.ly/DecisionAlreadyMade © COPYRIGHT Craig Elias 2002 - 2012
  • 32. AN Gets You In First Authority Status Quo Window of Need Dissatisfaction™ 75%* * InnerSell Survey of over 200 sales executives and sales people, 2003 © COPYRIGHT Craig Elias 2002 - 2012
  • 33. It’s Already Happened To You Those with three or more check marks were in the WindowOfDissatisfaction.com Window of Dissatisfaction™ © COPYRIGHT Craig Elias 2002 - 2012
  • 36. Adds One More Thing...
  • 37. Turns On Selective Perception
  • 38. Won Sales Analysis™ What we see depends on what we look for -John Lubbock
  • 39. Won Sales Analysis™ 1. What event(s) lead up to this purchase? #1 2. When did these events happen? #3 3. What made you choose us? #4a 4. What can you do to make it Emotion easier to become our customer? #4b #2 Time WonSalesAnalyis.com © COPYRIGHT Craig Elias 2002 - 2012
  • 40. Worksheet: Won Sales Analysis™ • Every time you win an ideal customer • Ask the primary decision maker the four big questions - in grey • Classify the opportunity using the check boxes and notes sections • Search for patterns in: ‒ Close ratio ‒ Sales cycle ‒ Lead source ‒ Trigger Events ‒ Decision maker WonSalesAnalyis.com © Craig Elias 2002 - 2012
  • 41. Who Are The Best Prospects? • Money • Authority • Influence
  • 42. Timing Alone is Not Enough “The two most important requirements for major success are: first, being in the right place at the right time, and second, doing something about it.” - Ray Kroc, Founding CEO, McDonalds
  • 43. Do Top Performers Reach Out? • Less than 7% said a vendor proactively contacted them The New Path to B2B Purchases – DemandGen, 2011 Bit.ly/NewPurchasePath
  • 44. Do Top Performers Reach Out? • More than 93% of the time a prospect contacted the vendor The New Path to B2B Purchases – DemandGen, 2011 Bit.ly/NewPurchasePath
  • 45.
  • 46. Cold Calling Works! 45 to 53 percent of the executives interviewed said… A cold call they received helped a vendor leapfrog onto the consideration shortlist
  • 47. “On average, sales reps dedicate 15% of time to prospecting; that isn’t much time to create 60-70% of the overall new leads needed to maintain a 3x pipeline-to-quota ratio.”
  • 48. Source of your most qualified opps? Channel Score Outbound Prospecting 3.7 Website 2.9 Inbound Calls 2.6 Email Campaigns 2.6 Events & Tradeshows 2.5 Social Networking Sites 2.1 Direct Mail 2.1 Webinars 1.8
  • 49. # of Dials for a Convo? 22.5
  • 50.
  • 51. “I Can’t Get Anyone on the Phone!”
  • 52. Agenda 1. Direct Lines 2. Call Windows 3. Professional Persistence
  • 54.
  • 55.
  • 56. Associate Ave Meetings % Direct Lines Per Month on Contact List (last 3) Pete Best 11 51% Ringo Starr 13 45% George Harrison 20 76% Paul McCartney 22 74% John Lennon 29 87% George Martin 33 97.6%
  • 57. Caller ID Looks Different
  • 58. Where Do I Get Direct Lines?
  • 59. Admin People 1. Alt Location s/b 2. Backup s/b Operator 3. Admin to Other Exec 4. Floor Receptionist 5. Random Employee
  • 60. Support People 1. IT Help Desk 2. Security Guards 3. Customer Service 4. Sales Lines 5. Accts Receivable
  • 61. Voice Mail System Codes Audix = **6
  • 62. The Power of Direct Lines
  • 64.
  • 65.
  • 66.
  • 67. 5 Minutes Before Top of Hour
  • 68. What is The Best Time to Call? Thursday PM
  • 69.
  • 71. Day Of The Week Scheduled
  • 72. Time of Day Scheduled
  • 75.
  • 76. What are the Rules for Persistence?
  • 77. #1 Manage the Flow of Info
  • 78. #2 Use a Constant Flow
  • 79. #3 Sprinkle in Personal Details
  • 80. #4 Add Value With Each Touch
  • 81. Thanks for sticking with me, Steve. I’m very busy and appreciate your persistence!
  • 82. 1. See the 2. Commit to 3. Plan out problem a solution the change Status Quo path Closed Deal
  • 83.
  • 84.
  • 85. Setting the Buying Vision Context Bring clarity & Content Motivate change Conversation
  • 86. Shifting Buyer Concerns Phase I Phase II Phase III Solution Development Evaluation Commitment Needs Price Cost Solution Risk Time People Product Company *Based on the research of Neil Rackham
  • 87. Shifting Buyer Concerns Discuss Issues with Status Quo Their Ideas for Steps to Launch Change Solution Uncover Their Change Their Fears Needs of Larger team Motivations Useful 3rd Party research Case studies Free trial/Live demo Content Educational webinars Expert interviews Planning checklist White papers FAQs ROI calculator 1. See the 2. Commit to 3. Plan out problem a solution the change path Status Quo Closed Deal
  • 89. 1:9:90 Creators & Synthesizers Consumers
  • 90. Tip#2 Put Content Into Buyers Context
  • 91.
  • 92. Tip#3 Use Content That Clarifies The Buying Vision
  • 94. Tip#4 Share 3 rd Party Content
  • 95.
  • 96. Tip#5 Use Content To Create Interaction on Online Forums
  • 97.
  • 99.
  • 100. Tip#7 Organize Content to Make it Easy to Decide
  • 101.
  • 102.
  • 103. iSell Trial The hottest opportunities prioritized by what’s most valuable to you… • Companies selected based on your specific target markets • Contacts based on who is your key buyer – powered by millions of direct dial numbers and emails • Timeliness prioritized by relevant sales triggers and how well they fit your sweet spot • Key Issues highlighted through rich information about your target companies and prospects FREE TRIAL: www.OneSource.com/iSell
  • 104. Q&A Craig Elias Cliff Pollan • +1.403.874.2998 • +1.781.350.3416 • TriggerEventSelling.com • PostWire.com • Craig@TriggerEventSelling.com • CPollan@VisibleGains.com • LinkedIn.com/in/CraigElias • Linkedin.com/in/CliffPollan Steve Richard Resources • +1.202.302.3193 • TriggerBook.com • Vorsight.com • InsideSalesTraining.com • SRichard@Vorsight.com • PostWire.com • LinkedIn.com/in/SalesKickOffSpeaker • Bit.ly/10ContentTips • OneSource.com/iSell

Notas del editor

  1. Your goal is to get into pole position in your client’s mind. To be the first person they call when they’re ready to buy.In formula 1, 53% of drivers who started in pole position in the 2009 season won the race. Last year it was 42%. So far this year it’s been 54%.It’s the same in sales – starting in pole position with a favoured relationship with the buyer doesn’t guarantee you’ll win every time – but you’ll win more than your fair share.
  2. Let’s think about the buyer’s journey.It starts on the right when life is okay. And it ends with a closed deal.It is a three act play:Life is okay (status quo).They see a problem and decide to find a solutionThey plan out how to make the change…and, they sign the deal. (Hopefully.)
  3. Products are becoming commodities – how you sell matters!34% say the ability to match relevant capabilities to specific client resources is what differentiates a vendor from the competition the mostOnly 5% consider economic value of the offering as the strongest differentiator72% execs say they will take an appt with salespeople when already looking for the product the vendor sells69% say when the vendor addresses a business problem that I currently haveForresterHow Exec Differentiate among their suppliers June 15, 2010Technilogy Buyer Insight StudyBy Scott Santucci
  4. Customer Engagement:The Role of Content in the IT Purchase ProcessCustomer EngagementConducted across the IDG Enterprise brands: CIO,Computerworld, CSO, InfoWorld, ITworld & Network World
  5. Customer Engagement:The Role of Content in the IT Purchase ProcessCustomer EngagementConducted across the IDG Enterprise brands: CIO,Computerworld, CSO, InfoWorld, ITworld & Network World