1 of 33

& Businesses Relations

BY DIMITAR SAVOV

Digital Sales

LECTURE 5

2 of 33

SPEAKER

Dimitar Savov

Head of Marketing @ Startup Masters.

3 of 33

#EcommAdvanced

www.sli.do

4 of 33

All Course Resources

http://bit.ly/SoftuniEcomm

The link with

THIS IS A VERY USEFUL LINK

5 of 33

Today’s Agenda

  • Customer Definition
  • Conversation Flow
  • Lead Hunting
  • Tools & Automation
  • Golden Rules of Sales
  • Top Reads

6 of 33

Bruce Lee

“When the pressure is on, you don’t rise to the occasion—you fall to your highest level of preparation.”

7 of 33

Preparation

PHASE 1

8 of 33

The Conversation

Listen For

  • Problems
  • Goals
  • Money
  • Jobs to be done
  • Motivation
  • People
  • Numbers
  • Locations
  • Timing
  • Competitors
  • Ideas
  • Solutions
  • Patterns

Establish Credibility

Tell them about your work

Give them a reason to…

Give you the info

Anchor Questions

Lead in a direction you like

Ask them to elaborate

Tell me more about ...

Softball Questions

Tell me about…

Top 3 topics

Get them going & listen

VERY IMPORTANT! Get them to take action! Get a Commitment. Money, Time or Reputation!

9 of 33

The Personas

Geography

  • Country
  • Region
  • City
  • Climate
  • Population

Demographics

  • Age, Gender
  • Family status
  • Occupation
  • Income
  • Education

Psychology

  • Lifestyle
  • Values
  • Interests
  • Opinions
  • Way of thinking

Behaviors

  • Activities
  • Purchases
  • History
  • Types
  • Hobbies

10 of 33

Description - Successful Digital Businesses looking to Scale and Grow fast.

Personas:

The successful businessman who wants to start a new digital business venture

The successful digital business owner who wants to scale up & scale out.

Countries: US, Canada, UK, Israel, Australia

Team Size: 5-75

Revenue: $1 000 000+ Annual Revenue

Monthly Marketing Budget: $15 000+

Software: Salesforce, Infusionsoft, Marketo, VWO, Optimizely, Demandware, Magento Enterprise, Hubspot, Activecampaign.

Position: C-Level Only - CEO, COO, CTO, CMO etc. (Decision Makers Only)

Industries: Ecommerce, SaaS, Inbound marketing (B2B)

11 of 33

BANTV Check

Budget: Can they afford it?

Authority: Do they make the decision?

Need: They need you? You can help?

Time: Now or Later?

Value: What they stand to gain?

12 of 33

MANACTV Check

Money: Can they afford it?

Authority: Do they make the decision?

Need: They need you? You can help?

Ability: Can they actually do it?

Competition: How likely to choose competitor?

Time: Now or Later?

Value: What they stand to gain?

13 of 33

The Customer Journey

14 of 33

The Seven Strata

  • Who Are they?
  • When do they think of us?
  • What are our products/services?
  • What are our Brand Promises?
  • What happens if we do not keep them?
  • What are we doing different?
  • What is our X-Factor?

15 of 33

Trust Factors

  • Reviews & Social Proof
  • Certificates, Achievements
  • Stats, News Coverage
  • Team & History
  • Security
  • Guarantees
  • Social Causes

16 of 33

Crafting a Brand Story

  1. Present the challenge
  2. Introduce the element
  3. Show the outcome

  1. Immigrants, Terrorists, Jobs, Debt
  2. Trump
  3. Make America Great Again

17 of 33

18 of 33

Execution

PHASE 2

19 of 33

A Word on Networking

20 of 33

Lead Stages

  • Aware
  • Engaged
  • Comparing
  • Inquiring
  • Contacted
  • Qualification/Interview
  • Fit / Unfit
  • Demo / Proposal
  • Verbal Agreement
  • Logistics & Details
  • Closed / Failed

21 of 33

Lead Generation Metrics

  • Cost per lead - MQL, SQL, Opp, Customer.
  • Lead to meeting Ratio - LTM - 30%
  • Meetings to Deals ratio - MTD - 20%
  • Lead Close Rate - 10%
  • Deal Size - €9000/month to €22500
  • Estimation Time - 2 days max
  • Proposal Time - 2 days max
  • Lead to Deal Time - 3 weeks max

  • Leads Target - 10 per week - 40 per month
  • Fit Leads target - 2 per week - 8 per month
  • Meetings Target - 4 per week - 16 per month
  • Deals Target - 2-5 per month
  • Monthly Sales Target - €45 000
  • Conversion Rates Per Campaign
  • Conversion Rates Per Funnel Stage

22 of 33

Lead Generation Objectives

Top Lead Gen Objectives

  • Generating brand awareness
  • Acquiring prospects/leads
  • Nurturing prospects
  • Fast funnel / Funnel Speed
  • Quality of leads
  • Customer Development

How to Choose Where to Focus?

  • Do we struggle driving awareness?
  • Do we struggle getting prospects?
  • Do we struggle converting leads?
  • Do we struggle getting high quality leads?

23 of 33

The Sales Checklist

  • Full Funnel messaging for each step in the journey
  • Lead handoff rules
  • Inbound & Outbound campaigns
  • Nurture to move leads forward
  • Measure Every Step
  • Focus on the Bottlenecks
  • Comms between Sales & Marketing
  • Repeat

24 of 33

  • Clearbit, Hunter.io
  • BuiltWith.com - Technology Lookup
  • Linkedin Sales Navigator
  • Skrapp.io - Linkedin Emails
  • Leonard - Linkedin Automation
  • reply.io, outreach.io - Email automation
  • Heresy.io - Management
  • Hubspot, Salesforce - All in 1

Tools & Technologies

25 of 33

Aristotle’s Rhetoric

Logos - Argument from Reasoning.

Pathos - Argument from Emotion.

Ethos - Argument from Authority.

26 of 33

Sales & Deals

Value Based

27 of 33

Sales

Value Based

28 of 33

Techniques

Closing

29 of 33

The Golden Rules of Sales

  • See the big picture / Sell like a boss
  • Identify the client’s position
  • Check for a good fit / Avoid Low Hanging Fruit
  • Help the client realize their needs
  • Get them to say it by asking the right questions
  • Price the client not the job. Look at what they stand to gain
  • Be an oasis in the desert
  • Present complete solutions with confidence
  • Appear the least risky option
  • Execute perfectly to gain reputation
  • Sell & Upsell effortlessly with reputation

30 of 33

The hacker Mentality

  • Stage I: Curiosity
  • Stage II: Control
  • Stage III: Conscious intent

At the outset, hackers want to understand what’s possible and why. Once they learn enough about a particular system, hackers can graduate to the second stage of hacking, in which they gradually learn to control and manipulate the system. Any problems that hackers cause at this point, such as crashing a computer or erasing a hard disk, occur more often out of sheer clumsiness than deliberate intent. Hackers reach the third and final stage when they put their newfound skills to work for a purpose.

31 of 33

Top Sales Reads

  • The Republic by Plato
  • Rhetoric by Aristotle
  • The Mom Test
  • Steal This Computer Book 4.0
  • How to win friends and influence people
  • Never Split The Difference - Chris Voss

32 of 33

Questions?

33 of 33

Thank You.