First vital Sales Steps that matter Vinay Kalyan Parakala - - PowerPoint PPT Presentation

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First vital Sales Steps that matter Vinay Kalyan Parakala - - PowerPoint PPT Presentation

B2B Startup First vital Sales Steps that matter Vinay Kalyan Parakala President Sales Enablement Society, Bangalore Sales Strategy Unraveled I keep six honest serving men, they taught me all I knew; Their names are What and Where


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B2B Startup First vital Sales Steps that matter

Vinay Kalyan Parakala President Sales Enablement Society, Bangalore

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Sales Strategy Unraveled…

The key to building your sales strategy in 6 steps

“I keep six honest serving men, they taught me all I knew; Their names are… What and Where and Who and How and When and Why.”

1.1. What is the product/service

  • 2. Where is it

being sold

  • 3. Who is it

being sold to

  • 4. When is it

being sold

  • 5. How is it

being sold

  • 6. Why will

they buy it

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Step 1: The ‘What’

The Offering – your product/service

Key Q: Is your offering, Clear, Complete, Concise, Concrete & Correct (5C’s) ?

What’s on the can? Do they know what they are buying What’s the can? Logical packaging What’s the price? What you pay for is what you get (Free, Freemium, Premium)

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Step 2 & 3: The ‘Where’ & The ‘Who’

These steps overlap and are best deciphered together to define your Target Market and Target Customer

PAM: Potential Addressable Market TAM: Total Addressable Market SAM: Serviceable Addressable Market SOM: Serviceable Obtainable Market

Key Q: What is your 1st year’s revenue plan/What is your 1st year’s customer roster?

Suspect: List of companies in SOM Lead: Suspect companies that you should/can/have contacted Prospect: List of suspects who show interest

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Step 4: The ‘How’

This is the high activity zone

  • f your sales strategy

Key Q: Who is your CRO?

GTM Go To Market plan Ideal Customer Vertical, Size, Type Buyer Personas Initiator, Influencer, Decision Maker, User Database A list of all individuals you would like to talk to Pitch Hook, Intro, Pain points, Story telling, Solution, Positive outcome Campaign Inbound and/or outbound Sales process Self service, Inside sales, Field sales, Channel sales Account Based Marketing (ABM)

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Step 5: The ‘When’

Timing is everything in sales

Key Q: Are you being contextual?

Call/Email Timing Social Selling Timing ABM Timing Budget/Deadline Timing

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Step 6: The ‘Why’

Why will they buy?

Key Q: All bias aside, will you buy your product/service?

Differentiators & Competition Cognitive Reframing Vs Reacting Consultative Selling Core Group of Influence

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Other Key strategies

  • Objection Handling
  • Negotiation – The Roof & The Floor
  • Lead/Opportunity Qualification
  • BANT (Budget, Authority, Need, Timeline)
  • ICPD (Impact, Critical Event, Priority, Decision Process)
  • Lead to Logo: MQL to SAL to SQL to Logo
  • Sales Technology – CRM, Call, Automation, Chatbots
  • Outsourcing
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ASK ME…

linkedin.com/in/vinayparakala Please visit and follow SPIELPOD - https://lnkd.in/gsZFhaF