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+
Finding Your First [Enterprise]
Customer, Then 10 More…
SARTA Workshop
Sacramento, CA
March 18, 2015
+
Today’s (very aggressive) Objectives
By the completion of today’s workshop, you will
be able to:
Construct a selling framework;
Identify risks in your sales process;
Identify Buyer Types, Stages of the Sales, and
Stalls;
Develop Value Statements.
Define milestones & metrics.
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
 Exercise
Think of a Prospective Customer(s)
[1 minute]
+
Your customers are lazy cows…
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Nobody cares about your product
+
Why [People at] Enterprises Buy
+ Revenue
+ Efficiency
- Cost
- Risk
+
1. Increase Revenue
+
2. Decrease Costs
+
3. Increase Efficiency
+
4. Decrease Risk
+
Exercise
 Why does your Customer buy your product?
+ Revenue?
- Cost?
+ Efficiency?
- Risk?
[3 minutes]
Source: “The SPIN Model,” White paper by Huthwaite Institute. Available online here:
http://img.en25.com/Web/Huthwaite/%7B55d0f3f4-051e-4cdf-a25f-97cc3831c383%7D_The_SPIN_Model.pdf
Implied vs. Explicit Needs
+How big is the problem?
+
In other words, find this…
+
4 problems worth solving…
+
Problem #1: Coordination
Image Source:
http://www.slate.com/blogs/the_vault/2014/02/05/the_first_modern_organizational_chart_is_a_thing_of_beauty.htm
l
Image source: Galbraith “Designing Organizations: An Executive Guide to Strategy, Structure, and Process Revised “
+
Problem 2: Reduce transaction
costs
+
+
Problem #3: Create information
01110011
01101111
01101101
01100101
01110100
01101000
01101001
01101110
01100111
00001101
00001010
+
Problem #4: Solve for X-Efficiency
+
Companies don’t make decisions.
People at companies make
decisions.
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
USER BUYER
ECONOMIC BUYER
TECHNICAL BUYER
PRODUCT CHAMPION
+
Why [People at] Enterprises Buy
+ Revenue
+ Efficiency
- Cost
- Risk
+
Identify the purchasing motivation for
each buyer
[EXERCISE]
+
Most buyers are novices
+
Beware of the Purchasing Zombies!
+
Zombie #1: The buyer that talks
price in the first conversation.
+
Zombie #2: “I make the decision on
this."
+
Zombie #3: “Send me a one-pager
and I’ll present at the next meeting."
+
Zombie #4: The job of
IT, procurement, &
vendor management is
to keep their job.
+
There is never a shortage of
interesting conversations.
+
Find the decision-maker.
+
Exercise
Use a current sales situation & your points of
contact at your prospective customer
Draw a 4-column grid:
Buyer Type| Person’s Name | Motivation | [Blank]
What is the primary motivation for each Buyer to
use your solution?
[4 minutes]
+
Economic
Buyer
User Buyer
Technical
Buyer
Product
Champion
+ Eff - Risk- Costs+ Revenue
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Value Statement Construction
1. It’s not what your product does
2. What need does your solution fill?
3. Think numbers (%, $, days, units)
+ “What job are your customers hiring you to
do?”
-Clayton Christensen
Now… Write your Value Statement for
each Buyer Type, framing your
statement in terms of the customer’s
problem, not your product.
Hint: Remember the four (4) reasons people buy.
“For [insert buyer type], we …”
+
Economic
Buyer
User Buyer
Technical
Buyer
Product
Champion
+ Eff - Risk- Costs+ Revenue
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Status quo is the biggest competitor.
+
[People at] Companies are risk
averse.
+
 Exercise
Why will your customer do nothing?
What is the biggest objection you’ll face?
Who are your competitors?
How will you address this?
[6 minutes]
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+ Build a “work plan”
(not a proposal…)
+ Phased
Parallel
Big Bang
Changeovers
+
The “What happens next?”
Framework
 The first minute?
 The first hour?
 The first day day?
 The first week?
 The first month?
 The first quarter?
 The first year?
+
Implementation & Support
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Stages of the Sale
1. Needs Analysis
2. Evaluation of Options
3. Resolution of Concerns
4. Implementation
http://www.amazon.com/SPIN-Selling-
Fieldbook-Practical-
Exercises/dp/0070522359
+
Stages + Stalls
A. Qualification
1 . NEEDS ANALYSIS
B. Initial Demo
2. EVALUATION OF TOPIC
C. Proposal Work Plan
3. RESOLUTION OF CONCERNS
D. Technical Demo
4. IMPLEMENTATION
+
Where do deals usually stall?
A. Qualification
B. Initial Demo
C. Proposals
D. Technical Demo
+
 Exercise
Where, how, and why are your sales
conversations stalling?
How can you maintain control?
[5 minutes]
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Who’s in control of the next step?
+
Key Metrics & Milestones:
Examples
 Non-disclosure Agreement
 Introductions to additional buyers (i.e. technical,
economic, user)
 Onsite visit to your office
 Technology audits to estimated configuration costs
 Implementation planning
+
Strategy: Create deadlines
+
Strategy: Create Scarcity
+
 Exercise
What are the key milestones and metrics
that both you and the customer can
agree upon for your sales process?
[4 minutes]
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Sales Mapping
+
Think: “What happens next?”
 The first minute?
 The first hour?
 The first day day?
 The first week?
 The first month?
 The first quarter?
 The first year?
+
 Exercise
Draw a 2-column table:
Time Period | Action
Write down what you would need to do in the
first minute, hour, day, week, month, quarter,
and year.
[4.5 minutes]
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+ Executives think: “What can this
product do for me? How can I put it
to work for my business?”
+
Zombie #1: The buyer that talks
price in the first conversation.
+
Strategy: Run a pilot.
+
 Exercise
How many seat licenses?
Billing cycles?
Budget cycles?
Signatory?
Renewal clauses?
Right to cure?
[3 minutes]
The Sales Canvas
1. Customer
Needs
4. Objections,
Competitors,
Status Quo
5. Implementation
& Support
3. Value
Statements
2. Buyers &
Buyer Types
6. Stages of
the Sale
7. Key
Metrics &
Milestones
8. Sales Map
9. Work Agreement
& Economics
+
Sales Interactions per Revenue
Revenue per year # of sales interactions
$10 1
$100 2
$1000 4
$10,000 8
$100,000 16
$1,000,000 32
$10,000,000 64
$100,000,000 132
+
Wrapping up…
+
Products & Solutions
Self-Learning: Books & online courses
Workshops & 1:1 Coaching
Advisory & Consulting
Talent Recruiting & Team Development
“Startup Selling: Sell More Stuff”
Coupon Code: SARTA-2015
www.slideshare.net/SalesQualia
+
FREE Webinar:
Using LinkedIn for Customer
Development & Sales
+

Scott Sambucci, Founder
scott@salesqualia.com | (415) 596-0804 |
@scottsambucci
www.quora.com/Scott-Sambucci
www.linkedin.com/in/scottsambucci
Robert Wharton, Production Manager
robert@salesqualia.com | (405) 414-9712
+
How was today’s workshop?
+
SURVEY:
http://bit.ly/SQ-SARTA-
March-2015
LinkedIn:
www.linkedin.com/in/scottsambucci
Quora:
www.quora.com/Scott-Sambucci
Twitter:
@scottsambucci
Email:
scott@salesqualia.com

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Editor's Notes

  1. One of the biggest problems you can solve for customers is “Coordination.” “Coordination is managing dependencies between activities.”
  2. X-inefficiency is the difference between efficient behavior of businesses assumed or implied by economic theory and their observed behavior in practice.
  3. Usually your buyers doesn’t know how purchasing decisions are made.
  4. They don’t trust you. They don’t like you. They’ve seen you’re kind 100 times before and they know that you don’t know what you’re doing and that you’re going to pester them for the next six months with emails, phone calls, and otherwise asking them for help so that you can sell your product and earn a commission so you can buy a new 5-series BMW and take a vacation in Hawaii while they work in their cubicles for $55,000 a year hoping that it snows so the office closes so that they can get a free day off of work.
  5. Don’t sell the whole thing. i.e. Trials with rules.