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Women's Startup Lab: Find Your First Customer, Then 10 more...

  1. + The Sales Model Canvas: Find Your First Customer, Then 10 More… Women’s Startup Lab | Menlo Park, CA April 20. 2015
  2. + Today’s (very aggressive) Objectives By the completion of today’s workshop, you will be able to:  Construct a Sales Framework for your product by identifying risk in your process;  Identify Buyer Types & Sales Zombies  Develop Value Statements.  Create an Implementation Plan for your future customers  Define Milestones & Metrics in your sales process.
  3. The Sales Model 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
  4. The Sales Model 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
  5. + Your customers are lazy cows…
  6. 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
  7. + Nobody cares about your product
  8. + Why [People at] Enterprises Buy + Revenue + Efficiency - Cost - Risk
  9. + 1. Increase Revenue
  10. + 2. Decrease Costs
  11. + 3. Increase Efficiency
  12. + 4. Decrease Risk
  13. + Exercise: Why does you Customer buy your product?  Why does your Customer buy your product? + Revenue? - Cost? + Efficiency? - Risk? [3 minutes]
  14. + 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
  15. +How big is the problem?
  16. + In other words, find this…
  17. + 4 problems worth solving… (yes, there are more…)
  18. + Problem #1: Improve coordination Image source: Galbraith “Designing Organizations: An Executive Guide to Strategy, Structure, and Process Revised “
  19. + Problem 2: Reduce friction.
  20. + Problem #3: Create information 01110011 01101111 01101101 01100101 01110100 01101000 01101001 01101110 01100111 00001101 00001010
  21. + Problem #4: Solve for X-Efficiency
  22. 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
  23. + Companies don’t make decisions. People at companies make decisions.
  24. + USER BUYER ECONOMIC BUYER TECHNICAL BUYER PRODUCT CHAMPION
  25. + Why [People at] Enterprises Buy + Revenue + Efficiency - Cost - Risk
  26. + Identify the purchasing motivation for each buyer [EXERCISE]
  27. + Economic Buyer User Buyer Technical Buyer Product Champion + Eff - Risk- Costs+ Revenue
  28. + Most buyers are novices
  29. + Beware of the Purchasing Zombies!
  30. + Zombie #1: The buyer that talks price in the first conversation.
  31. + Zombie #2: “I make the decision on this."
  32. + Zombie #3: “Send me a one-pager and I’ll present at the next meeting."
  33. + Zombie #4: The job of IT, procurement, & vendor management is to keep their job.
  34. + Remember: There is never a shortage of interesting conversations.
  35. + Find the decision-maker.
  36. 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
  37. + Value Statement Construction 1. What need does your solution fill? 2. It’s not what your product does, it’s about the problem it solves. 3. Think numbers (%, $, days, units).
  38. + “We help you increase revenue by enabling your calling agents to target the right leads and to make up to 35% more calls per day.”
  39. + “We help you decrease costs by 25% by coordinating business units through collaborative workflow and real-time information sharing.”
  40. + “We help you decrease your company’s risk by providing a real-time view into your manufacturing processes and assessing workplace safety with daily reports.”
  41. + “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 …”
  42. + Economic Buyer User Buyer Technical Buyer Product Champion + Eff - Risk- Costs+ Revenue
  43. 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
  44. + Status quo is the biggest competitor.
  45. + [People at] Companies are risk averse.
  46. +  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]
  47. 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
  48. + Implementation & Support
  49. + Build a “work plan” (not a proposal…)
  50. + Phased Parallel Big Bang Changeovers
  51. + 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?
  52. 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
  53. 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
  54. + 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
  55. 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
  56. + Who’s in control of the next step?
  57. + Key Metrics & Milestones: Examples Non-disclosure Agreement Introductions to additional buyers (i.e. technical, economic, user) Onsite visit to your office Technology audits to estimate configuration costs Implementation planning
  58. + Strategy #1: Create deadlines
  59. + Strategy #2: Create scarcity
  60. + Strategy #3: Run a [paid] pilot.
  61. +  Exercise What are the key milestones and metrics that both you and the customer can agree upon for your sales process? [4 minutes]
  62. 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
  63. + Sales Mapping
  64. + 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?
  65. 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
  66. + Executives think: “What can this product do for me? How can I put it to work for my business?”
  67. +  Exercise  How many seat licenses?  Billing cycles?  Budget cycles?  Signatory?  Renewal clauses?  Right to cure? [3 minutes]
  68. 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
  69. + Wrapping up…
  70. + Where to find us…
  71. + Products & Solutions  Self-Learning: Books & online courses  Workshops & Training  Advisory, Consulting & 1:1 Coaching  Talent Recruiting & Team Development
  72. + “Startup Selling” Kit  Two (2) books: “Startup Selling” & “52 Sales Questions Answered” ($20)  Udemy course: Lifetime access to “Startup Selling: Sell More Stuff” ($79)  Two-part webinar: “Using LinkedIn for Customer Development & Sales” ($99)  2 x one-hour 1:1 coaching calls ($300) This is a $500 product package!
  73. +  Two (2) books: “Startup Selling” & “52 Sales Questions Answered” ($20)  Lifetime access to “Startup Selling: Sell More Stuff” Udemy course ($79)  Two-part webinar: “Using LinkedIn for Customer Development & Sales” ($99)  2 x 1-hour private coaching calls ($300)
  74. + 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

Hinweis der Redaktion

  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.
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