dcbcn demand success
TRANSCRIPT
DCBCN DEMAND SUCCESS
1A proven sales process that is repeatable & scalable
WHAT WE’RE LEARNING TODAY
2A prospecting plan that is poised for quick success
3A quick primer on Sales Psychology
WHAT THE HELL DO I KNOW? AKA THE “CHOPS” SLIDE
Hired, Trained, & Led 300+ Sales Pros on 4 ContinentsSoftware Revenue Growth:
• Sniffer Technologies ($0 to $2M in 18 months)• Trend Micro (NZ: 850% in 2 years from $200k to $1.9M)• Trend Micro (AU: 305% from $4.2M to $17M in 2 years)• Ground Labs - $500k ARR to $500k QRR in <6 months $5M ARR goal in 2 years
Rapid Productized Service Success:• Linchpin 1.0 ($28k MRR in 12 months)• Linchpin 2.0 ($35k MRR in 6 months)• Demand Genesis ($52k MRR in 12 months)• Salesability ($63k MRR in 6 months: $100k by EOY)
Rob Walling calls me his“Go-to Guy for Sales Advice” #NotSoHumbleBrag
1Sales System is a “Philosophical Approach” to selling, a connected collection of strategies & tactics.
SYSTEMS, PROCESSES, & METHODOLOGIES OH MY!
2Sales Process is a Clearly Defined Procedure that is REPEATABLE & Scalable.
3Sales Methodology is a fancy word for System to sell more books & for Consulting Firms to charge more $$$.
WHY FOLLOW A SALES PROCESS?
SALES IS A PROCESS, STOP IMPROVISINGDamianism
”
D.E.M.A.N.D. SALES PROCESSD EMAND
- DISPLAY Insight & Understanding- ESTABLISH AUTHORITY & EXPERTISE- MUTUALLY DEFINE SUCCESS CRITERIA- AGREE TO BUYING/SELLING PROCESS- NEGOTIATE ON VALUE & COMMITMENT, NOT PRICE- DEPLOY SOLUTION & DEVELOP REFERRAL RELATIONSHIP
SIMPLE ISN’T EASYDamianism
”
D E M A N D
D.E.M.A.N.D. SALES STAGES
Discovery
Demonstration
Evaluation
Negotiation
Success
Presentation
Display Insight & Understanding
Establish Authority & Expertise
MutuallyDefined Success Criteria
Agree to Buying /Selling Process
Negotiate on Value & Commitment not Price
Deploy Solution & Referral Relationship
10% 20% 30% 60% 100% or 0%40%
• It’s ALL About Them NOT you
• Industry Expertise is a GREAT differentiator
• Understanding vertical triggers, issues, & opportunities builds Rapport
DKey Points
DISPLAY INSIGHT & UNDERSTANDING
PSYCHOLOGIST + DETECTIVE + BS DETECTOR = SALES PRO
Damianism
”
• This is the initial but crucial sales stage, get it right, don’t rush
• Qualify People OUT of your funnel as aggressively as you ADD them to it. Don’t Waste time with unqualified
• Bring the value, Law of Reciprocity FTW
Sales Stage: DISCOVERY
• Chops are under-rated• People buy from
Experts• Authority as a
Competitive Advantage are GREAT barrier to entry
EKey Points
ESTABLISH AUTHORITY & EXPERTISE
SALES IS NOT A NUMBERS GAME, IT’S A PROFESSIONAL GAME. SO BE A FUCKING PRO
ALREADYDamianism
”
• You’ve shown you understand them, let them “get” your genius
• Confidence in capability makes you look like an expert to your prospect
• Expertise breeds opportunity awareness & ability to see “around corners” for traps & issues
• Your product/service is great but people buy other people
Sales Stage: DEMONSTRATION
• You can’t hit a target you don’t see
• If you feel it, say it. • A yes is good, a No is
OK too. I’ll think it over is a fail.
MKey Points
MUTUALLY DEFINE SUCCESS CRITERIA
ALL INTEREST IS SELF INTEREST.Damianism
”
• Help them Picture your solution in their environment.
• This is a CRITICAL qualification stage
• Focus on customers you can truly help, some people are beyond help, just ask Marcus!
Sales Stage: EVALUATION
• If YOU don’t follow a STRICT sales process you will default to their buying process.
• Key Questions:• When you say yes, what
happens next?• How do you issue a
PO? Payment? Timeframes?
• Who else is involved? Do they know how vital this is?
AKey Points
AGREE TO BUYING/SELLING PROCESS
• We don’t send proposals, we present solutions
• Propose this call as a “draft review”
• Stop trying to automate everything, get personal “buy-in”
• You don’t sell light-bulbs you sell store-owners ability to be open during the evening to make more $$$
Sales Stage: PRESENTATION
• It’s NEVER About Price• Ad Hoc discounting is
a sucker’s bet. Full Price or Free is your Mantra
• Commitment begets commitment
NKey Points
NEGOTIATE ON VALUE & COMMITMENT NOT PRICE
IT’S NEVER ABOUT PRICE.Damianism
”
• It’s never about price• If it is about budget then get
creative on terms, length, staged solution delivery, etc.
• this is the FINAL stage you are engaged heavily in, make it count, but don’t rush here
• Did I mention it’s NEVER about price
Sales Stage: NEGOTIATION
• When the sale is “over” the hard work begins
• Customers are best lead source, & they are happiest at TIME of Sale.
• Referrals increase retention & lower acquisition costs
DKey Points
DEPLOY SOLUTION & DEVELOP REFERRAL RELATIONSHIP
SOME WILL, SOME WON’T, SO WHAT, WHO’S NEXT
Damianism
”
• A Yes OR a No is the Goal• 0% or 100%• Think it Over, or Get Back
to Me are wastes of time.• Reframe “No” as a Success,
don’t focus your time & attention on dead deals.
Sales Stage: SUCCESS
ONE LAST THOUGHT…
STOP BEING A WUSS, PICK UP THE DAMN PHONE. EMAIL IS MARKETING, SALES IS ALL
ABOUT THE PHONE.Damianism
”
logoTHANK YOU