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TRANSCRIPT
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Powerful Sales Performance
course SEL005
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• Who you are?
• What do you do?
• Your background?
• Why are you here?
Introductions
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• Start/Finish Time
• Lunch
• Coffee Breaks
• Emergencies
• Messages
• Toilets
• Smoking Policy
• Mobile Phones
Housekeeping
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• To improve your general sales technique
• To provide a process and methodology for selling
• Understand the importance of client qualification
• Understand how and why your clients make decisions
• Be able to project plan the sale up to business closure
Course Objectives
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• When you hear a great idea anytime during the course, write it down.
• Where possible, note a prospect to use the idea on
Eureka Page
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CHAPTER ONE
Introduction
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Chapter Objectives
On completion of this chapter, you will:
• Understand the difference between a Sales Cowboy and a Sales Person
• Understand the sales structure and approach used in this course
• Know how this course will personally apply to you
• Know what we are planning for the next two days!!
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Reflects on things
Sees the big picture
Disciplined
Documents routinely
A go-to resource
Works well by themselves
Unconventional approaches
Produces results but unsure how
Dives into things
Laser focus
Spontaneous
Memorises everything
Collaborative
Repeatable work
Transferrable work
Consistent work
Task-oriented
In and Out work cycle
Amasses Knowledge
Self-oriented
Easier to manage
Strategic Resource
Quality & Process oriented
Forecastable, measureable results
Solution-oriented
Start-to-end work cycle
Shares knowledge
Customer-focussed
The “Firefighter”
Fast Responder
Tactical Resource
Professional Traits Management BenefitsCowboy Sales Person Cowboy Sales Person
Exercise : Cowboy vs Sales Person
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The Cowboy & The Sales Person
Sales Cowboy Sales Person
Dives into a sale
The Specialist
Self-focused
Amasses knowledge
In-and-out work cycle
Task-oriented
Methodical
Big picture
Customer-focused
Documents, shares routinely
Start-to-end work cycle
Solution-oriented
A “go to” resource
Targeted solutions
Fast responder
Tactical resource
Collaborative
Repeatable
Interchangeable
Consistency
Manageable
Process-oriented
Quality-oriented
Predictable results
Measurable
Strategic resource
Describe the Traits of Each
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Structuring the Sale
– Strategy correctness
– Divide-and-conquer the deal
– Reverse engineer
– Measure
– Feedback
Be and Strive to Be a Sales Person Sell while you teach
Achieve benefits for you, your team and your customers
Be strategic, not tactical
Apply structure to the sales role
Analyze flaws
Model
Document
Peer review
Test ideas
Checklists
Collaborate
Re-use past knowledge
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Personal Goals
Become a Strategic Sales Weapon– Control the Sales Process
• Systematic, faster, predictable wins
• Save time, grow deals, win more
What You’ll Take Away– Structure, Tools, Action
Major Objective– create a plan of action for your own deals
“Is this a good use of my time?”
“Do I know what I don’t know?”
“How can I win faster?”
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Agenda
Day One Introduction
Know Yourself
Consultative Selling
Know Your Prospect
Day Two Analyse the Opportunity
Responding to Decision Criteria
Know How to Win
Presentations & Wrap Up
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Review Questions
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CHAPTER TWO
Know Yourself
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Chapter Objectives
On completion of this chapter, you will:
• Understand Sun Tzu’s approach to strategy as it relates to sales
• Identify important benefits in using a sales process
• Identify how to divide and conquer a sales process
• Understand our definition of technical selling and the process behind it
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Sun Tzu’s Components of Strategy
“What must be accomplished?
What must we know to achieve this?
How (in general) will accomplishments be achieved?
What specific tactics shall be used?”
Analysis
Development
???
Technical Sales
Sun Tzu
How do we know when we have achieved this?
Business Closure
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Definition: Business Closure
When the final Business Decision Maker says,
“Yes, I am choosing your solution
at the exclusion of all other alternatives
and I will announce this to the business”
The Sales Person owns
Business Closure
Sun Tzu
“What must be accomplished? Business Closure
Technical Sales
Best
Practice
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Stacking the Deck in your Favour
Does this seem simple or difficult?
How long do you think this will take?
Tell the instructor when you are done
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Card ExerciseFirst Solution Methodology
Model the problem
A 2 3 4 5 6 7
8 9 10
J
KQ
Divide & Conquer
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Lessons: Process is Good!
Benefits of Process
Systematic
Efficient
Consistent
Predictable
Scalable
Repeatable
Teachable
Interchangeable
Measurable
Improves over time
Use a Process for SalesBest
Practice
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Divide-and-Conquer the Decision
“What Must We Know?”
Opportunity / Decision Process
“What General Approach?”
“What Tactics”
Business Closure
Stakeholders
Decision Criteria
Responses
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Alternative Solution
Your instructor will now demonstrate an
alternative way to solve the card trick
This alternative is the “least-cost path” to the solution!
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Lesson: “Reverse Engineer” Business Closure
The Fastest Way to Business Closure:– Envision business closure
– Plan tactics backwards from business closure
• The result is a “least-cost” plan
Ensure Correctness– Strategy, Tactics, Testing, Execution
Reverse Engineer
from Business Closure
Best
Practice
It’s all about Business Closure!
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Controlling the prospect’s
Decision Making Process
to persuade
the Business Decision Maker (BDM)
to select my solution
in my favour and my timeframe
How Do We… Control a prospect‟s decision? (all chapters)
Persuade people we don‟t control? (chapters 4+6)
Get them to select in our timeframe? (chapter 7)
How? Own (Control) the Decision Process
Definition : Technical Selling
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– Sales Methodology• Methodology to achieve fast and predictable Business Closure
• So far: Process, Divide & conquer, Reverse engineer
• Others: Analysis, Modeling, Checklists, Peer reviews, …
“…persuade…”– Influence stakeholder perceptions
• Adapt to their decision style, Prioritize criteria, Leverage allies
“…my timeframe”– Reverse engineer from my close date
– Develop and execute a measurable project plan
We don’t hope for it; we own it!!
Technical Selling
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The Technical Sales Process
Decision
ModelOpportunity
Review
Document, Collaborate, Measure, Archive Feedback, Reference History
Responses:
Risks & Value
Qualification
Phase
“What Must
We Know?”
Opportunity
Analysis:
Sales-worthinessDecisionCriteria
Key
Stakeholders
Strategy
& TacticsExecute
TacticsReview
the Plan
Development
Phase
“How in General?”
“What Tactics?”
Achieve
Business Closure
Closure
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Typically
Sales
Methodology
Close
Our Sales
Process
Close
Develop
Qualify
Develop
QualifyE
L
A
P
S
E
D
T
I
M
E
IdentifyPre
qualify
Complementary Sales Process
AL
IGN
ME
NT
The Technical Sales Process
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Sales Process Benefits
Your Benefits New sales info + strategies
More time for prospecting
Higher ratio of qualified deals
Drive revenue, grow deals, hold price, close faster
Business closure is faster and more predictable
Strategic role on the sales team
More prospects who are more sales-worthy
Business Impact Reduce cost of sales
Do more and earn more in less time
Continuous improvement
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The Eagle and the Journeyman
• Instinctive sales person
• Unconsciously competent
• Can’t explain why they are so good
• High Flyers/Rainmakers
• Work independently
• Generate business
Sales is not instinctive
Ready, willing and able to sell
Need a process
Generate 20% of the business
A Journeyman with a good sales process will always beat an Eagle
without one
A sales process allows a Journeyman to emulate Eagle selling
behaviour thus maximising their individual sales performance
The Eagle The Journeyman
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Summary: Know Yourself
The Role of the Sales Person: Sell Business Solutions
Customer Referenceability
Own Business Closure
Apply Process
Apply Methodology
Eureka
Page
Important Best
Practices
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Review Questions
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CHAPTER THREE
Consultative Selling
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Chapter Objectives
On completion of this chapter, you will:
• Understand the difference between a product sale and a solution sale
• Understand the Business Decision Value Chain and how to align this with the buying cycle
• Know what to consider when approaching a sale
• Know how to best position yourself into a winning position
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Product vs Solution Sale
Doesn’t consider needs of
business
Single detached sale
Often price driven
No scope to upsell
No scope for growth
doesn’t build loyalty or trust
Solution aligned with business
needs
Delivers business value
Helps maintain price/margin
Easier to upsell / cross sell
Potential to enlarge the deal
Builds customer loyalty & trust
Product Sale Solution Sale
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Business Decision Value Chain
Business Solutions
Technologies
Business Strategy
Products
Product Driven
Tactical Approach
Compete on price
= low £ sale
Solution Driven
Strategic Approach
Early engagement
= higher £££ sale
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Customers Buying CycleSolution Driven
Strategic Approach
Early engagement =
align with buying cycle
Determine Requirements
Evaluate Options
Develop Business Strategy
And define initiatives
Select Solution
Resolve Issues/
Finalise Contracts
Implementation/
Evaluate Success
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Buying Phases
Time
Phase 1
Determine
Needs
Phase 2
Evaluate
Alternatives
Phase 3
Evaluate
Risk
Needs
Cost
Solution
Risk
Risk
Needs
Cost
Solution
Le
vel
of
Co
ncern
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Phases of Buying a House
Time
Phase 1
Determine
Needs
Phase 2
Evaluate
Alternatives
Phase 3
Evaluate
Risk
Level
of
Co
ncern
Pain:
tired of paying rent
Needs:
- 3 bedrooms
- Safe area
- 40 minute commute
- Good shopping
- Good schools
Budget/Cost:
- Upto 400,000
- 2k per month
Solution:
Which house best fits
their requirements and
fits within their
budget.
Normal to evaluate
alternatives, compare
and shop around
The priority is to buy
the correct house (at
any price)
Risk:
Will slow down their
decision making
process or stop it
completely
Sales person must be
in complete alignment
or risk losing the sale
Price/Cost:
Buyers will always try
and negotiate on
price, no matter what
they said in Phase 2
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The Role of the Sales Person
Time
Phase 1
Determine
Needs
Phase 2
Evaluate
Alternatives
Phase 3
Evaluate
Risk
Uncover Pain
Establish/Set Buying
Criteria
Create a vision or re-
engineer one
Position yourself in
Column A – if not,
change criteria
Build Value
proposition
Provide Proof
Minimise Risk
Maximise Value
Close Deal
Le
vel
of
Co
ncern
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Solution Selling Skills
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Approaching a Sale
• What do we need to consider?– The Perfect Prospect
– Customer Profiling
– Stimulating Interest
– Planning Meeting Objectives
– Put Yourself in Column A
Close
Develop
Qualify
Pre
Qualify
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The Perfect Prospect
• Visualise your perfect prospect: (build a straw man)– Profile of the target opportunity
– Defined marketing criteria
• Their industry (vertical), size, revenues, employees
– Key Players
– Pains or critical business issue
– Their attitude to technology
– How they currently communicate
– What technology they currently use
– Reference story and/or initial value proposition
Value your own time – don‟t waste it!!
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• Objective: find out as much about your prospect BEFORE you visit them:– The Company:
• Helps you better understand them when you do visit
• Helps you better prepare for a meeting
• Helps you qualify the prospect better
• Shows an interest in their business
– The Person:
• Helps you better understand their position and role within the company
• Helps you better understand their approach and point of view
• Helps you to plan your approach and objectives for the meeting
• Helps you to be customer focussed
Customer Profiling
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Customer Profile Checklist
• Key areas to research include:– Company: history, nature of business, mission statement, annual reports
– Offerings: description, type, uniqueness
– Market analysis: size, location, trends, maturity
– Competition: position, strategies, comparisons
– Financials: balance sheet, income statement, track record
– Exec Biographies: work, history, education
– Critical business issues
Do your
Homework
Thoroughly
Best
Practice
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Stimulate Interest
• There are many ways to stimulate interest:– Reference stories
– Initial value proposition
– Business Development Prompters
• Designed to create interest; not sell
• Can be used for all types of communication
– Mail, fax, email, face-to-face, telephone
• Explains how you’ve been able to help other people with similar roles and similar business issues
• Takes the pressure off you and your buyer
Prospecting
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Prompter Example
Name My name is Fred Bloggs
Company from <Call Centre Solutions>
First-call notice You and I haven’t spoken before but…
Industry Experience I have been working with <call centres>
for the past 3 years and…
Job Title Expertise one of the main concerns I’m hearing from
other telecoms managers …
Pain is scaling their business to a 24x7 solution and
taking it global
You can help We’ve been able to help our customers solve
this issue
Are you curious? Would this be of interested to you?
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Personal Credibility
• We won’t be able to tick any of these boxes unless our prospect thinks we are personally credible
• Personal Credibility is vitalwhen dealing with senior executives
• So let’s practice.......
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53
This is a class exercise
Develop a statement that demonstrates your personal credibility to use in front of a prospect.
Your Personal Credibility Statement should focus not on why Cisco, but why YOU.
Draw on experience with other clients, Cisco’s own I.T. messages (Cisco on Cisco), successful engagements you have experienced, or any source of personal credibility.
Nominate a spokesperson and be prepared to present to the other groups. The other groups will then rate you as a potential:
Trusted PartnerSolution ExpertProduct ProviderProfessional Visitor
You have 10 minutes to complete the statement and 5 minutes of mindshare
Personal Credibility Exercise
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Personal Credibility Exercise
Points to Mention:
Length of time in industryUnderstanding of their vertical and their problemsPast experience of helping similar companies with similar issuesUnderstanding of their pain points and how to address themBe up-to-date with their current situationTell them something about their company they don’t already know
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Meeting Objectives
State meeting objective:
What I would like to do today, is to:
– Introduce you to <my company> and
– Tell you about another <title and industry> we have worked with.
– I would then like to learn about you and your situation
– At that point, we will be able to make a mutual decision about whether or not we should proceed any further
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Put Yourself in Column A
Looking
Not Looking
Requirements Company A Company B Company C
Column Fodder
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Looking
Not Looking
•90% of customer are Not Looking
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Summary: Consultative SellingThe Role of the Sales Person: Take a consultative approach
Align with the buyers buying cycle
Remember “PPP”
Get there first and control Column A
Develop a personal credibility statement
Don‟t sell too early
Diagnose before you prescribe
Eureka
Page
Be the Good Doctor
“Where does
it hurt?”
Important Best
Practices
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Review Questions
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CHAPTER FOUR
Know Your Prospect
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Chapter Objectives
On completion of this chapter, you will:
• Understand how to profile key stakeholders and adapt to their profile
• Understand how key stakeholders will make a decision
• Understand how we can use persuasive techniques to get the right decision
• Know how to prioritise stakeholders and decide who we should spend our time with
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As a “Trusted Advisor”, you ask lots of questions
Divide into Small Teams:
Suppose you are on a first call
with an important stakeholder
What is THE most important question to ask them?
The Most Important Question
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“What is Your Decision Process?”
• Recall Technical Selling:– “Controlling the prospect’s Decision Making Process…”
• Discovery begins with “Who”• Stakeholders tell us “What we must know”
– Who else is making the decision?
– Why are they making a decision?
– How will they make their decision?
– When will they make the decision?
– What is their decision criteria?
We Must Know and Control the Decision Process
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The Why, the How and the Who– Who is making the decision?
• Know all “stakeholders” with a say
• Other departments, partners, consultants, etc.
– Why are they making a decision?• Business Problems drive Qualified Needs (requirements)
– Why might they decide not to choose us?• Technical Issues, Price,
– Deal stoppers, perceived risks, alternatives
– How are they deciding?• Decision Criteria = Qualified Needs & Technical Issues
Divide-and-Conquer Criteria to be Closed
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“…Persuade the Decision Maker…”
• Key Stakeholder• Has a say in the decision
• Help Them Decide Faster• Example:A person avoids risky decisions
Adapt: Don’t sell them futures!
• Stakeholder Profile Analysis– Role in the Sale,
Influencing Role,
Power,
Level of Risk,
Personality
Adapt to the
Stakeholder’s
Decision Profile
Activity 4.1
Use Allies, Consultants, Partners to Learn Profiles
Best
Practice
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Role in the Sale
• What is their role in the Sale?
• Need to discover every “stakeholder” – a person who has a say in the decision making process:
– Special stakeholders: BDM, Ally, Gatekeeper, Blocker– BDM – Business Decision Maker : the final person in the decision chain who has
the ability to say “NO” (your priority)– Ally – already sold on your solution – a champion for the cause– Gatekeeper – blocking access to another (e.g. the BDM)
• Why? Job insecurity?, orders? Competitive bias?• Need to convert or go round
– Blocker – someone who is trying to kill the deal• Why? Job insecurity, competitive bias?• Need to convert or neutralise
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Advisory Role
• Who advises who and on what basis?
• Two Types:– Recommender – their NO is binding
– Influencer – their NO is not binding
Note: this has nothing to do with “yes” – only “NO”
• Questions to ask:– Do you take input from anyone?
– Have you delegated any part of the decision to anyone else?
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Power
• The ability to make decisions and make things happen
• Independent of title and rank
– High power: Self-empowered
Likely to make own decisions
(even before taking input from others)
– Low power: Consensus building and consensus seeking
“rubber stamper”
• Questions to ask:Who makes things happen round here?
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Attitude to Risk
Enthusiast
Visionary
Pragmatist
Conservative
Skeptic
Level of Risk:
E V P C S
Enthusiast will take large risks for competitive advantage
Visionary will take risk, but not for mission-critical systems
Pragmatist will take calculated risks if sees advantage in doing so
Conservative will take minimal or no risk – only if have to
Skeptic technology laggard and risk averse
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Personality Traits
Beware
Of
“Shifts”Expressive
Type A / Driver
Amiable
Analytic
Co
ntr
ols
Em
ote
s
Asks Tells
Assertiveness
Responsiveness
Need: To be correct, Detail
Decisions: Detailed, critical, objective, two-sided,
logical, methodical
Persuasive Approach: Factual, specific, pros/cons,
step-by-step, talk about “How” it works
Need: Results, Goals
Decisions: Practical, clear conclusions, decisive,
concise, progress towards goals
Persuasive Approach: Listen, Concise, facts, actions,
results. Talk about “What” the impact is
Need: Assurance. Relationship
Decisions: People-oriented, big picture, supportive,
respectful
Persuasive Approach: Relationship. Talk impact on
their peers. Be assuring, supportive, personable. Talk
about “Why” there is impact
Need: Recognition. Ideas. Opinions
Decisions: Strategy aligned with vision, creative,
intuitive
Persuasive Approach: Aligh with their vision. Let them
talk. Talk customers, analysts, creativity. Talk about
“Who” shares their strategy
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Exercise: Who are we?
Divide into Small Teams:A sales person calls on the Director of Operations for Q6 Call Centers Ltd.
For each video:
Identify the prospect’s Level of Risk and Personality
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Model the Decision
• Who Do We Spend Time With?– Get to the decision faster!
– Prioritize decision criteria
– Visualize “No”s. Not about “Yes”
• Modeling Benefits– Visualize complex problems
– Easy to understand and communicate
Model the
Decision Process
BDM: Simon
High
Robert
Moderate
R
Sarah
Low
I
Jessica
High
Ellie
Moderate
I I
I
Q6 Call Centers Ltd.
Best
Practice
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Stakeholder Priorities• Who Do We Spend Time With?– “Who can stop the deal next?”
• High: High power, “R”s
• Low: Low power, “I”s, Allies
• Prioritizes decision criteria
• Subjective: Any priority is good
BDM: Simon
High
Inside-Out
Follow the Power
and Influence
Robert
Moderate
R
Sarah
Low
I
Jessica
High
Ellie
Moderate
I I
I
Direction flows with priority:
Inside-Out, Outside-In, Hybrid, Parallel
Avoid a uni-directional selling culture
Q6 Call Centers Ltd.
Best
Practice
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Exercise: Circle of Influence
BDM: James: EVP
Low
Jenny: Director
Moderate
Evan: Architect
Ally, High
Philip: Manager
Moderate
I
Nancy: Ext Consultant
High
I
R
RR
1 and 2 are non-debatable.There are several answers for 3, 4, and 5
Prioritize Decision Criteria. Who Can Stop the Deal Next?
Follow the Power
and Influence
5
1
2
3
4
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Summary: Know Your Prospect
Stakeholder Analysis Adapt to their profile: Save time
Model the decision process
Prioritize stakeholders: Focus time
Eureka
Page
To Effectively Persuade, Adapt to Their Profile
Important Best
Practices
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Case Study Part I: Stakeholder Analysis
Sales Tool Qualification Worksheet
Introduction (Rows 6-12 only)
Decision Criteria Worksheet
Stakeholders (Col B, C, D only)
Circle of Influence Worksheet
Power, influence, priority
Benefits:
Documentation
Consistent, Repeatable
Peer Review and Test Ideas
Validate correctness
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Review Questions
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CHAPTER FIVE
Analyse the Opportunity
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Chapter Objectives
On completion of this chapter, you will:
• Be able to create a checklist of qualification questions
• Know how to commercially and technically qualify a deal
• Understand how to structure your priorities to make best use of time
• Qualify your case study for sales worthiness
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Decision
ModelOpportunity
Review
Document, Collaborate, Measure, Archive Feedback, Reference History
Responses:
Risks & Value
Qualification
Phase
“What Must
We Know?”
Opportunity
Analysis:Sales-worthiness
DecisionCriteria
Key
Stakeholders
Strategy
& TacticsExecute
Tactics
Review
the Plan
Development
Phase
“How in General?”
“What Tactics?”
Achieve
Business Closure
Closure
Is it real Commercial qualification
Can we win it Technical qualification / fit
Is it worth it Competitive fit
Value fit
The Technical Sales Process
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Qualification Phase
Qualification: Determining Sales-Worthiness A period of discovery
Leverage your credibility
First find “who”, then:
Do you know what you don‟t know?
Is it worth your time?
Is It Real? Can We Win It? Is It Worth It?
Qualify: Find
Issues Early
Cost to fix flaws in analysis < in development
Best
Practice
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Decision Criteria
– Compelling Business Needs (Requirements) Our job is to increase their perception of solution’s value
– Technical/Business Issues (Risks) Our job is to reduce their perception of risk
• Deal stoppers, perceived risks Alternatives
Competition, build internal, do nothing
All It Takes is One “No” to Stop a Deal
Get to “No” as Fast as Possible
What Must We Know
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Asking Great Questions = 3 S’s
• Substance – Carries weight and gravitas through its implications and its content.
• Style– The manner in which the question is posed.
– Is it simplistic or is it thought-provoking?
– Does it enhance your personal credibility?
– Is it open? Closed? Socratic?
– Based in the present, past or future?
• Savvy– Demonstrates that you are knowledgeable and have done your customer
research, your extraordinary preparation.
Three essential elements……
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Exercise : Asking Great Questions
Step 1• Create a starter question to start a thought-provoking
conversation on a product or solution you are selling
Step 2• Create a ‘follow-on’ question to gather more
information from your prospect
Step 3• Finally, create a ‘next-step’ question to move the sales
process along
Step 4• Work with other people in your group to analyse and
fine tune your questions
You have 15 minutes to complete this exercise
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Asking Great Questions Exercise
Starter Question: (must be thought-provoking)
Follow-on Question: (to gather more information)
Next-Step Question: (to progress the sale)
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Qualification Checklist“What Must
We Know?”
“Know Your
Position”
-- Sun Tzu
Know
What You
Don‟t Know!
Are There Any
Missing
Cards?
Qualification Checklist: Is It Real?
Verify Commercial Qualification
Seven components (incl: Compelling needs)
Can they do nothing?
Identify Technical Qualification
Obvious deal stoppers (Technical issues)
Identify the Solution Fit
Requirements fit ( + partners)
Competitive fit
Value fit
Prior history of qualifications
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Why Checklists?Team-wide Shared Lists of Questions
Lists for industries, solutions, etc.
Checklist Benefits
Team-wide consistency
Collaborative: Quality and thorough
Corporate repository of technical sales intelligence
Know what you don‟t know. No missing cards!
Documentation: Reusable, teachable, interchangeable
Question 1
Question 2
Question 3
Question 4
Maintain Checklists.
Systematic, Repeatable
Best
Practice
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Commercial Qualification
Work our stakeholders, allies, partners to verify commercial qualification
What must exist for a deal to be sales-worthy?1. _____________
2. _____________
3. _____________
4. _____________
5. _____________
6. _____________
7. _____________
Time
Budget
Driver
Pain
Need
Fit
Accountable Owner
Can they do nothing? Does the pain compel action?
Articulated by
the Prospect
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Consultative Solution-Oriented Discovery Pain* Business problem with quantified impact
The more quantified pain, the bigger the deal
Emotionalized: “concerned”, “bothered”, etc.
Need* Business requirement
Qualified Need: Must pay to fix. “I need to…”
Driver* Project, Initiative, Regulation (compelling event)
Budget* Total Cost of Ownership
Timeframe* Decision Date
Fit Functionality
Qualified Solution: Must pay for the solution
Owner Accountable for success
* According to the prospect
Must They Do Something? Why?
Commercial Qualification
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Exercise : Identify Pain
• Exercise: What is the Pain causing the issue?– Small teams are given a technical issue
– Create a checklist of great questions
• “What is the pain causing the issue?”
No Pain!
No Gain!
Best
Practice
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Red
Flags!
Technical Decision Criteria Compelling Needs
Technical Issues
Technical Obstacles
Perceived Technical Risks
Alternatives• Competition, Build Internal, Do Nothing
Early in Qualification: Quickly Assess Obstacles It only takes one to kill the deal
e.g. the BDM has a strong competitive bias
Technical Qualification
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Prioritise Issues to Save Time
• Importance• Most important issues first
• Obstacles Over Perceived Risks• Obstacles can stop the deal
• Perceived risks stall the deal
• Hurdles Over Pinnacles• Hurdles take less time to overcome
Prioritize
Technical Issues
Best
Practice
Any Unknown Issue Could be The Deal Stopper
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Exercise
Technical Issue Priorities for Q6 Call Centre
Circle the type of technical issue
“Going global is our most critical initiative” Important Unimportant
“It is very likely we will build our own solution” Obstacle Perceived Risk
“Your call distribution routing is too slow” Obstacle Perceived Risk
“Our choice must have the fewest lost calls” Hurdle Pinnacle
“The solution must load balance evenly” Hurdle Pinnacle
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Touch Point: Fit + Solution
Solution Fit
Qualified Need /
Qualified Solution
Low Support Costs / CRM
Responsiveness / PDAs
No Downtime / Failover
Fast Recovery/Backup
Pro
sp
ect
P
rosp
ect
DB
A N
eed
sE
xec
Need
s
High +Best A+ Differentiated
Moderate =Sufficient --Low
Moderate --Low +Best
Good
Insufficient
Overkill
Importance
of Need
What
They
Want
What We
Have Fit
Low =Sufficient --Low Low but OK
Fit: Extent That Needs Are Met Types of Fit: Solution, Competitive, Value
“Perceived Fit” is a function of:
Activity. S1 C3 R1 A1 B3 B3 L1 E1 ® F4 I1 T1
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The Benefits of Qualification
Systematic Assessment of Sales-worthiness Ensure it is real; It is worth your time!
Is It Real? Can We Win It? * Is It Worth It? * Chpt 6
Make the best use of time
Structured Analysis: Detect flaws early
• Less time with unqualified prospects
• More time with qualified prospects
Consistent documentation and communication
• Know What You Don‟t Know
Know the Risks for Success
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Summary: Analyse the Opportunity
“Know Your Position” Get to “No” Quickly
Verify Commercial Qualification
Identify Technical Qualification
Identify Fit
Create Checklists
Touch point with your Manager Commercial Qualification
Technical Qualification
Sales-Worthiness
Eureka
Page
A Period of Analysis and Discovery
Important Best
Practices
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Case Study Part 2: Qualification
Sales Tool Qualification Worksheet
Col D and E
Structured Analysis
Know what you don‟t know
Is It Real?
Is It Worth Your Time?
Peer Review
Be prepared to present
your qualification
Commercial Qualification / Sales-worthiness
Pain: 1) According to the prospect, what is their Business Pain? Quantify the
business impact of the pain.
Identified
Need: 2) According to the prospect, what is their most important Business
Requirement? "To fix the pain, they need to…"
Identified
Fit: 3) What products/features may resolve their needs? To what extent? Note
any partner products/features that may be required.
Identified
Budget: 4) According to the prospect, how much budget is available to resolve the
total cost of their need? Also note their fiscal year.
Identified
Driver: 5) According to the prospect, what project/directive/regulation is forcing
them to act?
UNKNOWN
Owner: 6) Who is accountable for the success of the solution? In the worst case,
who gets fired or demoted if the solution fails?
NOT SURE
Timeframe: 7) According to the prospect, when must they make the technical
decision? Why, what is driving the timeframe?
UNKNOWN
Do Nothing: Must they do something, or does the prospect think they can do nothing?
Explain. If "do nothing", your plan should create pain.
Must Do
Something
Commercial Qualification Score: 10 is excellent, 1 is poor 6.5
Sales-Worthiness: Is this a good use of your time?
Is It Real? Is It Real? Is this opportunity sales-worthy? Why, why not? Yes
Can We Win It? Who is the competition? Note: "Do Nothing" may be a competitor. Identified
Can we defeat the alternative's strengths? Defend our weaknesses? Why? Yes
(if applicable) Can we defeat "Do Nothing"? If not, why not? Note if a
missionary or demand creation approach will be used.
Yes
Is It Worth It? Have we quantified the Cost of Needs? (ref: Pain, line 16) UNKNOWN
Briefly outline a value proposition (Quantified business impact,
differentiating, unifies "How?" "So What?" Cost of Needs, Wow!)
UNKNOWN
Is it worth it for the prospect? Is it good for them? If not, why not? Yes
Is it worth it for us? Is it good business? If not, why not? Yes
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Review Questions
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CHAPTER SIX
Responding to Decision Criteria
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Chapter Objectives
On completion of this chapter, you will:
• Understand structured persuasive techniques for resolving stakeholder decision criteria
• Be able to create a quantified value message checklist
• Identify the decision criteria for their case study opportunity
• Understand how to deal with the competition and objections
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Tools Exercise
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Controlling the prospect’s Decision Making Process
to persuade the Business Decision Maker (BDM)
to select my solution in my favour and my timeframe
Assuming your products & capabilities meet the prospects needs, why
would they still say „NO‟?
Persuasively Close Decision Criteria Technical Issues are closed using Comfort statements
Responses that minimize risk
Qualified Needs are closed using Proof statements
Responses that maximize value
Sell While We Teach
Persuading “In My Favour”
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Qualification: Decision CriteriaQualification Checklist (cont’d)
Commercial Qualification
Technical Qualification
Solution Fit
Decision Criteria
Technical Issues
Obstacles, risks, alternatives
Responses: Comfort
Qualified Needs
Cost of needs, TCO
Value Responses: Proof
Prior history
“What Must
We Know?”
-- Sun Tzu
Checklist:
Know
What You
Don‟t Know!
Are There Any
Missing
Cards?
Can We
Win It?
Is It
Worth
It?
Is It
Real?
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• Stakeholder-specific Responses– Differentiate your alternative– Think before responding
• Why did they ask? Is it a Qualified Solution?• Know when to STOP. It’s ok to say “I don’t know”
• Structured Responses:– Objection Handling
– Competitive Offensive Strategy• Our strengths, Their weaknesses
– Competitive Defensive Strategy• Their strengths, Our weaknesses
Activity 6.1
Think Like the Competition
Technical Issue Responses: Comfort
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Competitive IssuesOffensive Strategy Template
1) Targeted Competitor
2) Our strength or their weakness
3) Our attack and benefit
4) Their anticipated response
5) Restate our attack to neutralize their response
Think Like
the Competition
Best
Practice
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ExampleOffensive Strategy Template
1) Competitor: Visokio
2) Our strength; their weakness
interactive visual analytic applications
3) Our usual attack and benefit
We provide the ability to build Guided Analytic Workflows which allow you to capture / share best practices and tie results directly to the company work processes they represent
4) Their anticipated response
We provide the same thing via Multiple Linked Visualizations
5) Restate our attack to neutralize their response
In large organizations, workflows touch many people across multiple organizational units. Our centralized server-side deployment model allow you build & deploy enterprise class GAW’s without the application maintenance, application access and data integrity issues associated with using MLV’s in a single desktop model.
Think Like the Competition
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ExerciseOffensive Strategy Template
1) Competitor:
2) Our strength; their weakness:
3) Our usual attack and benefit:
4) Their anticipated response:
5) Restate our attack to neutralize their response:
Think Like the Competition
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Qualified Need Responses: Proof
Salespeople Establish Value for Qualified Needs Leverage credibility to increase the perception of value
Every presentation, demo, email, …
What is Value? Quantified business systems impact
“Process 20% more orders worth 500k.”
Connect the dots!
Make it personally relevant
Benefit is Not Value
Lacks business impact
Ex: “Process 20% more orders”
Activity 6.2
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Quantifying the Pain
Cost of Needs The cost of pain (current)
The cost of doing nothing (future)
Desired payback (over time)
Critical success factors (for a project)
Operational Performance Metrics (bonuses)
Value = sum(Cost of Needs) = Bigger Deals!
Doing Nothing Due to lack of perceived pain
Awareness of numbers can compel action
“How much?”
“How long?”
“What level?”
Establishing Value Requires Quantified Pain
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Stakeholder-specific Pain and Need
Bu
sin
es
sT
ec
hn
ica
l
Hierarchy of Needs
Market/trend need
Business problem / pain
Business goal
Business need
Technical goal
Technical requirement
Technology need
Tools
Corporate & Commercial security
Deadlines, Big customer, Injuries
5000 per day, No injuries
From 2000 to 5000 / day
Fast (5 sec/screw), No wrist
Phillips head, Electric
ScrewdriversTechnology
Advisor
Business
Advisor
Applied
Technology
Advisor
The Hierarchy of Need
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Unify the “How?” and the “So What?”B
us
ine
ss
Te
ch
nic
al
Hierarchy of Value
Market value
Strategic business value
Strategic benefit
Business value
Technical benefit
Function
FeatureSo What?
How?
WIIFM?
Hierarchy of Needs
Market/trend need
Business problem / pain
Business goal
Business need
Technical goal
Technical requirement
Technology need
The Hierarchy of Value
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Effective Structured Value Responses4-Rs Resource Utilization Reduction
Risk Mitigation
Revenue Increase
Recognition / Reputation
Characteristics of a Great Value Message Differentiate
There is no value in sameness
Personally relevant (WIIFM)
Adapted to their decision profile
Be explicit. Leave no doubt
Compelling quantified business impact Wow!
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Proof: You prove 500k of value. Maximizes value
Valu
e =
500k
0
Customer
Perceives Risk of 300k,
Decreases Value
200k
Perceived Value = Value (500k) - Risk (300k) + Comfort (200k)
Perceived Value
Ti
me
Comfort:
You cut 200k of Risk
400k
100k
Risk
Remaining
Proof - Risk + Comfort = Value
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300kPrice:
Immediate
Quick
Slow
How Much Perceived Value Do We Need?
The more value you establish…
The faster the decision
The more you help hold price and grow the deal
Value = sum(quantified Cost of Needs)
600k 1MPerceived Value: 400k
Decision
Speed:
Decision SpeedPrice < Perceived Value
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Exercise: Building Value Statements
Quantified Value TemplateCreate a “Quantified Value Message” for your Case Study
1) Qualified Solution: Differentiate
2) Function: What does it do?
3) Quantified Value: “So What?”. “How?”.
Connect the dots. Wow!
Quantified Business Impact
4) Documentation: Evidence, URL, etc.
Unify the “So What?”,
“How”, “Cost of Needs”Best
Practice
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Qualification Summary
Process:– Analysis: Detect issues early
– Model: Decision process
– Document
– Peer review, Test ideas
– Checklists
– Collaborate
– Re-use past knowledge
Decision
ModelOpportunity
ReviewResponses:
Risks & Value
Qualification
Phase
“What Must
We Know?”
Discovery
Opportunity
Analysis:Sales-worthiness
DecisionCriteria
Key
Stakeholders
Is It Real? Can We Win It? Is It Worth It?
Outputs:
Key Stakeholder Decision Making
Profiles
Circle of Influence
Decision Criteria Checklist…
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Divide-and-Conquer Decision Criteria
Closed
Simon (BDM) (Ally )
TI1) Doubts our reliability
OH1) Neutralize Objection
QN1) 24x7 tech support
V1) Develop Value Message
Robert (Director) (Ally )
TI2) Likes the competitor's scalability
OH2) Neutralize Objection
QN2) Worldwide load balancing of calls
V2) Develop Value Message
Jessica (Architect) (Ally )
TI3) Believes our integration is a band-aid
OH3) Neutralize Objection
QN3) Integrate legacy data + new systems
V3) Develop Value Message
I
High
Power
R
Moderate
High
Inside-Out
Decision
Criteria
Priority
Circle of Influence
Simon
Robert
Jessica
Output: Decision Criteria Checklist
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Summary: Responding to Decision Criteria
Decision Criteria Comfort and Proof
Prioritize Technical Issues
Quantify Qualified Needs
Adapted to profiles
Think like the competition
Quantified Value
Unify “So What?” and “How?”
Collaborative Knowledgebase
Touch Point with Manager Decision Criteria
Eureka
Page
Important Best
Practices
Systematically Resolve Decision Criteria
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Case Study Part 3: Decision Criteria
Sales Tool Decision Criteria Worksheet
What are the Issues and Qualified Needs?
Document the Checklist
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Review Questions
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CHAPTER SEVEN
Know How to Systematically Win
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Chapter Objectives
On completion of this chapter, you will:
• Understand structured persuasive techniques for resolving stakeholder decision criteria
• Be able to create a quantified value message checklist
• Identify the decision criteria for their case study opportunity
• Understand how to deal with the competition and objections
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The Development Phase
– A period of:
Customer evaluation
Planning and execution
– Must be qualified
May become unqualified
– Inputs:
Stakeholder profiles
Circle of Influence
Decision Criteria Checklist
Strategy
& TacticsExecute
Tactics
Review
the Plan
Development
Phase
“How in General?”
“What Tactics?”
Prospect Evaluation
Decision Criteria Checklist
Closed
Stakeholder 1 ( Ally )
Technical Issue 1
Technical Issue 2
Qualified Need 1
Stakeholder 2 ( Ally )
Technical Issue 3
Qualified Need 2
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Divide-and-Conquer the Decision
Stakeholders (sec 3)
Decision Criteria (sec 5)
Responses
“What Must
We Know?”
Opportunity (sec 4)
“What General Approach?”
“What Tactics”Closure “Tactics”
Project Plan
Business Closure
“General Approach”
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End
Start
1 2 3 4 5
6 7 8 9 10
11 12 13 14 15
16 17 18 19 20
21 22 23 24 25
End
Start
1 2 3 4 5
6 7 8 9 10
11 12 13 14 15
16 17 18 19 20
21 22 23 24 25
Find the shortest path in the fastest time
from the Start to the End
Puzzled?
Yes
No
End
Start
1 2 3 4 5
6 7 8 9 10
11 12 13 14 15
16 17 18 19 20
21 22 23 24 25
End
Start
1 2 3 4 5
6 7 8 9 10
11 12 13 14 15
16 17 18 19 20
21 22 23 24 25
25
22
21
24
9
19
4
2
1
8 Steps
X
End on an
exact count
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Review: Technical SellingControlling the prospect’s Decision Making Process
to persuade the Business Decision Maker (BDM)
to select my solution in my favour and my timeframe
How do we get them to select in our timeframe?
Systematically Divide-and-Conquer decision criteria
Reverse Engineer a plan from Closure
Simon (BDM) Closed
Technical Issue 1
Qualified Need 1
Robert
Technical Issue 2
Qualified Need 2
Simon Closed
TI 1
QN 1
Robert
TI 2
QN 2
Simon Closed
TI 1
QN 1
Robert
TI 2
QN 2
“…In My Timeframe”
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Engineering a Sales Opportunity Plan
Sun Tzu’s Components of Strategy “What must be accomplished? Business Closure
“What must we know?” Qualification
“How in general will accomplishments be achieved?”
GOAL) Close the BDM
SOP1) Identify Commercial Sales Strategy
SOP2) Envision Closure
SOP3) Prioritize Decision Criteria
“What specific tactics shall be used?”
SOP4) Sales Opportunity Project Plan
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SOP1 : Choose a Sales Strategy
– SOP1) Commercial Sales Strategy
• The “pattern”. Structures the approach and tactics Activity 7.1/2
“How in General?”
Establish a Beachhead: The competition is the incumbent. Coexist with the
competition. Win a small quick deal. Branch out.
Change the Criteria: The prospect is not on your agenda or we don‟t
have a good fit. Influence changes to the project
or evaluation plan.
Attack: It is a competitive battle. The competition can be
beat. We have a good fit. Our strengths are
compelling.
Defend The Fort: We are the incumbent and competition emerges.
Maintain your existing position. Leverage our
benefits and sell against their weaknesses
Walk: The opportunity is not qualified and it won‟t be any
time soon.
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SOP2 : Envisage Closure
SOP1) Commercial Sales Strategy
• The “pattern”. Structures the approach and tactics
Touch Point: Agree with your Sales Manager
SOP2) Envision Business Closure
• The Business Closure Event
• The Business Closure Date
Activity 7.3
“How in General?”
Example:
1. Envisioned Business Closure Event: Presentation
2. Estimated Business Closure Event Date: 25-04-10
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SOP3 : Prioritise Decision Criteria
SOP1) Commercial Sales Strategy
• The “pattern”. Structures the approach and tactics
Touch Point: Agree with your Sales Manager
SOP2) Envision Business Closure
• Business Closure Event
• Business Closure Date
SOP3) Prioritize Criteria Closure Approaches
• Uses the Circle of Influence
• Identify General Tactical Plan Approaches
“How in General?”
Prioritize from the circle of influence
Activity 7.4
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SH1) Simon EVP (BDM) Conservative, Type-A
TI1)
OH1)
QN1)
V1)
SH2) Robert (Director) Pragmatic, Expressive
TI2)
OS1)
QN2)
V2)
SH3) Jessica (Architect) Visionary, Amiable, Ally
TI3)
OH2)
QN3)
V3)
Comfort: References, Evidence, Facts
Brevity: Results of Proof of Concept analysis
Comfort: References, POC (some involvement)
Idea Guy: Corporate visit, Futures pitch
Amiable, Visionary: Corporate visit (Futures)
Coach: Strategy meeting (lunch)
Stakeholder Level of Risk Personality General Approaches
1. Simon Conservative Type-A References, POC
2. Robert Pragmatist Expressive References, Corp. Visit, POC
3. Jessica Visionary Amiable Strategy Meeting, Corp. Visit
SOP3: Stakeholder-Specific Persuasive Approaches
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SOP4 : Sales Opportunity Project PlanExample: Reverse Engineer POC Tactical Plan
BC: The Business Closure Meeting is 8 weeks out. Friday
This tactic will close criteria QN1 + QN2
T2: Collect + analyze data, write report Mon, Week 8
T3: Run the testbed Weeks 6+7
T4: Build the testbed Mon-Wed, Week 4
T5: Write test plan. Get buy off Mon, Week 2
T6: Get customer requirements Mon, Week 1
POC: SH1+2 QN1, QN21
1) POC
(close BDM)
8 7 6 5 4 3 2 1Tactical PlansWeek Today
T4BC
T3T2 T5 T6
QN1, QN2
The Critical Path to Business Closure
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Map Which Tactics Will Close Decision Criteria
1) POC
(close BDM)
2) References
3) Corp Visit
8 7 6 5 4 3 2 1
Tactical
Plans
Week Today
Prioritized Tactical Plans and Criteria to be closed
POC: SH1+2 QN1, QN2
References: SH1+2 TI1, TI2
Corporate Visit: SH2+3 QN2, TI3, QN3
1
2
3
T4BC
T2 T5 T6T3
QN1, QN2
T1 T2 T3
TI1, TI2
T1 T3 T4T2
QN2, TI3 QN3
Touch Point: Full Sales Opportunity Plan
SOP4: Systematically Divide and Conquer Criteria
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SOP4: Accelerate Business Closure
T41) POC
(close BDM)
2) References
3) Corp Visit
BC
8 7 6 5 4 3 2 1Tactical Plans
WeekToday
T2 T5 T6T3
T1 T2 T3
T1 T3 T4T2
T41) POC
(close BDM)
2) References
3) Corp Visit
BC T2 T5 T6T3
T1 T2 T3
T1 T3 T4T2
Accelerate Business Closure by 2 Weeks (25%)!
Visually See Where to Accelerate the Plan
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1) POC
(close BDM)
2) References
3) Corp Visit
SOP4: Execute & Close Decision Criteria
Simon (BDM)
TI1: Technical Issue 1
QN1: Qualified Need 1
Robert
TI2: Technical Issue 2
QN2: Qualified Need 2
Jessica
TI3: Technical Issue 3
QN3: Qualified Need 3
I
R
Subplan 1
Closed
Ally?
T2 T3
T4 T5 T6
T1 T3 T4T2
QN2, TI3 QN3
Execute
Subplan 3
Closed
Ally?
Subplan 2
Closed
Ally?
T1
TI1, TI2
T3BC
T2
QN1, QN2
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SOP4: Planning TacticsPlan Tactics Backwards from Closure– Each tactic:
• “Sells while we teach”
• Has a predetermined outcome
• Drives the decision forward
• Adapts to the stakeholder’s profile
• Is cost, resource, and time efficient
– Some tactics close decision criteria
• Some use responses: Comfort and Proof
Own the
Business Closure
Project Plan
Best
Practice
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Closing The Deal
• Closing is the natural evolution of the sales process
• If you have a problem closing, it is usually because of something you did or did not do earlier in the sales process– Normally this is due to not adequately defining or diagnosing the
prospect’s problem
• Having to deal with hurdles and obstacles near the end of the sales cycle is inevitable
• Close with value
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Closing Challenges
Be Aware of the Professional Buyer:– They never sole source
– They know their positions in advance
– Assign sponsors to each alternative solution
– Never let you know you are winning
– Never let you know you are losing
– Negotiate price in reverse preference order
– Take it away from you at least once
– Are aware of your deadlines
As they can drive you mad!!
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Dealing with Closing Challenges
– Be prepared to walk – if you’re not ready to walk; your not ready to sell
– Don’t close before it’s closeable
– Give reluctantly and slowly
– Be prepared to resist buyer squeeze
– Don’t give without getting – quid pro quo!
– Manage and contain risk
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Business Closure
“Yes, I am choosing your solution at the exclusion of other alternatives,
and I will announce this to the business .”
Correctness: Strategy, tactics, testing, execution
BDM Announcement: Get executive sponsorship
Closure “Tactics”
Project Plan
Business Closure
“General Approach” (subplans)
The Sales Person Owns Business Closure
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Controlling Business Closure
Benefits of Project Planning– A visual picture of closure
– Measure progress against goals
– Acceleration is easy to see
– Closure dates become more predictable with practice
– Closing becomes a natural process
Closed Loop Planning– Review and Test the plan
– Measure results
• No. of qualified deals, deal size, win rate, time to business closure, etc
– Review effectiveness of the plan
– Feedback results and effectiveness for future
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Summary: Know How to WinControlling the Sale Model a Business Closure Plan
Divide-and-conquer criteria
Reverse engineer from closure
Accelerate the plan
Measure progress against goal
Touch Points Agree your SOP with your manager
The Sales Person’s Role Get to Business Closure Faster
Improve the Business Closure Forecast
Close when it‟s natural to do so
Eureka
Page
Important Best
Practices
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Review Questions
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CHAPTER EIGHT
Wrap Up
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Business Impact of a Sales ProcessResults: More Business Closures in Less Time
More time qualifying and planning
Sales Person Pipe
More wins
in less time
Sales Cowboy Funnel
Tim
e
Number of Sales-Worthy Prospects
Many
losses
Number of Sales-Worthy Prospects
Tim
e
Pre-Qualify
Qualify
Plan & Develop
Close
Sales Cowboy Becomes Sales Person
IdentifyQualify
Plan
&
Develop
Close
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Recall: Personal Goals
• Become a Strategic Sales Weapon– Control the Sales Process
Systematic, faster, predictable business closure
Save time, more wins
• What You’ll Take Away– Structure, Tools, Action
• Objective– Create a sales opportunity plan
“Is this a good use of my time?”
“Do I know what I don’t know?”
“How can I get to business closure faster?”
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Decision
ModelOpportunity
Review
Strategy
& TacticsExecute
Tactics
Review
the Plan
Achieve
Business Closure
Document, Collaborate, Measure, Archive Feedback, Reference History
Responses:
Risks & Value
Qualification
Phase
“What Must
We Know?”
Development
Phase
“How in General?”
“What Tactics?”
Closure
Opportunity
Analysis:Sales-worthiness
DecisionCriteria
Key
Stakeholders
The Technical Sales Process
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Divide-and-Conquer the Opportunity
Stakeholders
Decision Criteria
Responses
“What Must
We Know?”
Opportunity
“What General Approach?”
“What Tactics”Closure Tactics
Project Plan
Business Closure
General Approach
Systematically Conclude the Sale
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A Few Important Best Practices• Effective Time Use, Faster Decisions,
• Bigger Deals, Faster Closure
– Commercial Qualification
– Find lots of Quantified Pain
– Adapt to Stakeholder Profiles
– Use Collaborative Checklists
– Circle of Influence
– Think Like the Competition
– Unify How, So What, Cost of Needs
– Reverse Engineer from Closure
– Sales Opportunity Project Plan
– Evolve to a natural close
Own Business Closure
Important Best
Practices
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Review Questions