Life’s a pitch

Introducing the LIP$ Methodology


Breaking the mold on the sales process…
Who do you think of when someone says ‘salesmen’?
LIP$ - Selling by creating goodwill

Leads generation
Information gathering
Pitch
$tay steadfast
LIP$: Leads   Generation



                           Networking
                           Connecting




                           Committing


                           Maintaining
                           connections
LIP$: Information   Gathering
LIP$: Example Questions
Where are you now?

Where do you want to be?

What’s keeping you from getting there?

Who have you worked with in the past?

What did you like about that person/group?

What products have you used in the past?

What did you like about that product/person?

What did you dislike product/person?


You cannot sell somebody something until you know what they want!
LIP$: Information   Gathering
             Goal is to
             understand
             their desires
             and concerns

             Extract the
             information you
             need to create a
             successful pitch

             Do not pitch

             Set a date to do
             formal pitch
LIP$: Pitch

  Goal is to gain the client’s trust


  People make buying decisions based on emotions, not reason
Customized Solution
                      LIP$: 4




Alleviate Concerns




Sell Yourself
                      Pillar Structure




Close
LIP$: Stay   Steadfast




             Don’t let the lead go cold

             Set a date

             Use external forces to put some immediacy on
             it (market rates, time value of money, timing)

             If the desire is there, be persistent
LIP$: Stay   Steadfast

               Are you done once the sale is closed?

               The goal is to retain clients and
               obtain referrals

               CRM

               The sales process never ends

               Need to be cognizant of people’s
               perspective

               Referrals cost nothing
LIP$
Leads generation
Information gathering
Pitch
$tay steadfast
    Closing & post sale

You cannot pitch until you know what the client wants.

You must gain the clients trust.

People make decisions based on feelings.

The sales process never ends.

Sales presentation v.4

  • 1.
    Life’s a pitch Introducingthe LIP$ Methodology Breaking the mold on the sales process…
  • 2.
    Who do youthink of when someone says ‘salesmen’?
  • 3.
    LIP$ - Sellingby creating goodwill Leads generation Information gathering Pitch $tay steadfast
  • 4.
    LIP$: Leads Generation Networking Connecting Committing Maintaining connections
  • 5.
  • 6.
    LIP$: Example Questions Whereare you now? Where do you want to be? What’s keeping you from getting there? Who have you worked with in the past? What did you like about that person/group? What products have you used in the past? What did you like about that product/person? What did you dislike product/person? You cannot sell somebody something until you know what they want!
  • 7.
    LIP$: Information Gathering Goal is to understand their desires and concerns Extract the information you need to create a successful pitch Do not pitch Set a date to do formal pitch
  • 8.
    LIP$: Pitch Goal is to gain the client’s trust People make buying decisions based on emotions, not reason
  • 9.
    Customized Solution LIP$: 4 Alleviate Concerns Sell Yourself Pillar Structure Close
  • 10.
    LIP$: Stay Steadfast Don’t let the lead go cold Set a date Use external forces to put some immediacy on it (market rates, time value of money, timing) If the desire is there, be persistent
  • 11.
    LIP$: Stay Steadfast Are you done once the sale is closed? The goal is to retain clients and obtain referrals CRM The sales process never ends Need to be cognizant of people’s perspective Referrals cost nothing
  • 12.
    LIP$ Leads generation Information gathering Pitch $taysteadfast Closing & post sale You cannot pitch until you know what the client wants. You must gain the clients trust. People make decisions based on feelings. The sales process never ends.

Editor's Notes

  • #2 Life is a pitch. Everything is sales. Need to open with this. We are selling constantly. Why should they care?Get rid of the pictures and the background stories.Fix the title – sell LIP$ from the beg …
  • #3 Ask how many people in the audience feel this way ______ about salesman?Two bad examples and two good examples – break down the audience biases.
  • #4 Work on or delete the last line
  • #5 Personal Investment, here it is important to make the investment personal so that you become committed to the sale.Networking, getting ball rolling. Explain examples and the fact that it really is an art. Golf leagues, sporting events, charity fund raisers; basically events that provide informal meet-and-greets where you get expose to the type of people that you want to do business with.Commitment to the network is huge, you want to develop a beneficial reputation, and work as hard as you can to increase your exposure to as many people as you can. This is what fuels the leads pipeline.
  • #6 Personal Investment, here it is important to make the investment personal so that you become committed to the sale.Networking, getting ball rolling. Explain examples and the fact that it really is an art. Golf leagues, sporting events, charity fund raisers; basically events that provide informal meet-and-greets where you get expose to the type of people that you want to do business with.Commitment to the network is huge, you want to develop a beneficial reputation, and work as hard as you can to increase your exposure to as many people as you can. This is what fuels the leads pipeline.
  • #7 This is where you want to meet with the decision makers and gather as much information as possible.It is crucial at this point to make explicit that you are not trying to sell anything, that the purpose of the meeting is really to gather as much information as possible.Set a date. It is important to “guide” the sales process from here on out. You want to begin driving the sales process by putting the next meeting on the books. By this point you have captured their attention, obtained relevant information from the key decision makers, and are beginning to develop a clear picture of how to best approach your pitch.
  • #9 This is where you want to meet with the decision makers and gather as much information as possible.It is crucial at this point to make explicit that you are not trying to sell anything, that the purpose of the meeting is really to gather as much information as possible.Set a date. It is important to “guide” the sales process from here on out. You want to begin driving the sales process by putting the next meeting on the books. By this point you have captured their attention, obtained relevant information from the key decision makers, and are beginning to develop a clear picture of how to best approach your pitch.
  • #10 Present a solution:Making them believe that you have analyzed their solution, and that it will alleviate their concerns.Drive home the fact that this is a customized solution that alleviates all of the concerns that you have expressed over the past year.Explain complete structure, fee structure
  • #11 Not too sure how to incorporate this slide
  • #13 At all times there are going to be competitors trying to steal that business back from you.Value difference in the cost of obtaining new customers vs. keeping a customer.
  • #14 Can’t really remember what the purpose of adding this in, is there a separate spot where we could incorporate all of this?
  • #16 Work on or delete the last line