I help founders who sell, but aren't "sales"people. Are you open to one hyper actionable sales tip per week, useful for your very next sales meeting and consumable in 4 minutes or less?
046: Before you hire sellers
|
Hey, 👋 Scott from The Sales Mastermind here. Today’s edition only takes 3 minutes. Ready to hire your first seller? Or have you hired 1-2-3 sellers and are struggling to make them successful? It's all about the basics.
Founders sell differently What works for the Founder rarely works for other sellers. Founders know the market, the product, the pain, and the opportunity better than almost anyone on the planet. Founders earn a level of deference because they are in charge. A "Director of Whatever" will open up more quickly and allow Founders leeway regarding sales mistakes. The same "Director of Whatever" will be harsher, more critical, and less forgiving of a seller. Many consider selling to be a dirty profession and sellers to be beneath them. Therefore, the number one mistake Founders make when hiring sellers is to think, "This works for me; why doesn't it work for them." Rule of thumb: Assume you get the below right; early sales hires should contribute at least 80% compared to a fully ramped and effective Founder. Expectations and accountability When you hire a seller, success starts with communication. They need to know:
Only when you have all three can you hold sellers accountable. Four processes to do a sales job Every sales team needs four proven and documented processes:
You can hire sellers without the above. However, when they succeed, you won't know why they succeed and can't replicate it. And, you won't know how to reverse or rectify when they struggle and fail. Generating leads There are only three ways to generate leads - inbound(marketing), outbound (seller), or a hybrid (both). Pick your structure, prove it as the Founder, and then teach, nurture, and support your sellers on the process you've proven. I am a big fan of inbound "lead-rich environments" (as Jason Lemkin calls them), where the business provides enough inbound leads for the rep to sink or swim. But your process could be a cold calling or cold LinkedIn messaging - as long as it is proven. It serves no one to hire a seller (or 10) and tell them to find their leads their way. Engaging with Prospects Working a sales process comes down to how, how many, and what structure the seller provides to the buyer. At the highest level, sellers are either in the office (or, these days, at home) or visit prospects in person. Pick one and document it. Another example, especially for software sellers, is whether there is a trial or proof of concept and whether it is free or paid. In essence, this is what many consider the "sales process:"
The process might seem obvious to a Founder, but to a new seller, having this documented and mapped out will save everyone a lot of headaches. Closing buyers Nothing is weirder or more infuriating than when a buyer is ready to buy, and the seller makes it difficult. To summarize the "Closing" process in one statement, what happens when a buyer is 100% ready to buy? For example, do they pay with cash, card, wire transfer, or something else? What about payment terms? Are they annual upfront, monthly in arrears, or something else? Documenting these steps is vital, as far too many deals are lost at the 11th hour because the seller is inexperienced in what it really takes to get buyers over the line. Also, this is the process where all sellers need to enact TPSO. Just because a buyer hints at or even verbally says "yes," the deal is never done until it is done. Onboarding Customers More than any above, this process is the difference between a sales process and a buying journey. A sales process ends with the Close; a buying journey ends once the value is received. Onboarding is a customer's first impression of what it is really like to work with your business. Document it, get it right, and delight customers to see repeats, renewals, and referrals skyrocket. If you struggle to crack onboarding, many customers will mentally check out well before they stop paying for your product or service. Where to start The above processes are in order. If you can only focus on one process, pick generating leads. Then, the engagement, closing, onboarding, and finally, optimize the whole journey. Let me know what you think! it to a friend
Until next week, PS If you want to see how/if I can help with your sales efforts, consider Booking a Call. Did you like what you read today? Consider forwarding it to a friend, colleague or team member. Did someone forward you this email and it seems like something you want more of: Link to subscribe |
Hi! It's The Sales Mastermind
I help founders who sell, but aren't "sales"people. Are you open to one hyper actionable sales tip per week, useful for your very next sales meeting and consumable in 4 minutes or less?
Hey, 👋 Scott from The Sales Mastermind here. Today’s edition only takes 3 minutes. Today, let's walk through the pre-call research I do for inbound leads or referrals. One of my strengths is my ability to, from the outside, read the mechanics that make a business tick, quickly understand their clients, and then rapidly generate metaphors that will land for what I do and how it helps. But it didn't just happen; I spent years getting it wrong and countless sales calls stumbling over my words,...
Hey, 👋 Scott from The Sales Mastermind here. Today’s edition only takes 2 minutes. Most sellers barely consider a fraction of their true competition. Most buyers think about nothing else but your competition. Today we’ll cover: Storytime Your True Competition Other Competitors Storytime One of my clients generates almost all their leads from review websites. They have amazing reviews on platforms such as Google Business, Capterra, and more. It's so ingrained into their business that...
Hey, 👋 Scott from The Sales Mastermind here. Today’s edition only takes 3 minutes. "Founders who sell" are universally excited to become "founders who lead sellers". But that transition is often harder than learning to sell in the first place. Today we’ll cover: Storytime Sales Management is Different Sales Meetings The Larry Storytime I work with a founder who is an elite seller; he has closed millions of dollars' worth of deals. His company is now big enough that it needs a founder-leader...