116: Frank Schneider | Do Your Homework: Shifting the Burden Off Your Buyers - a podcast by Jim Brown

from 2018-12-18T11:00

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Takeaways

  1. Ask Direct Questions About the Sales Process: Buyers that are interested and want to actually buy are more forthright with information than you may think. They want you to know what has to happen, but it’s your responsibility to ask, and you need to be direct about it. For instance, the last time you bought something like this, what did that process look like? Did you buy alone or were other people involved? How long did it take? Knowing these details can help you understand not only what’s real, but also how to accurately forecast your pipeline.
  2. Arm Your Buyers to Help Them Buy: No, I don’t mean white papers or any collateral that marketing has put together. I mean, understanding what problems they are actually trying to solve, use cases they’re thinking about, or concerns they have about selling internally. Then, connect them with customers who have bought from you in the past. From a prospecting standpoint, you may even be able to host a dinner or event where you can get multiple buyers in the salesroom that have similar problems and let them talk about it with each other. Building these relationships when you’re not trying to sell them anything is even better long-term.
  3. Know Your Funnel Math Equation: This still ceases to amaze me, how many people don’t know the math behind their quota or pipeline. So much, that I actually created a workbook for it that you can get at SalesTuners.com/roadmap. It’s quite simple. What is your average contract value? How many of those deals will it take to meet your quota, whether monthly, annually or quarterly? What’s your winning percentage on the opportunities you create? How many prospects do you have to talk to in order to create one opportunity? Once you know this formula, you put together a plan to 2X or even 3X your output.

Full Notes

Book Recommendations

Sponsor

  • Costello - What if every sales rep inherited the habits of your best rep? With Costello, they do.

Further episodes of Sales Tuners

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