Episodios

  • Selling Negative Features Increases Sales | 437
    Aug 15 2024
    Addressing and highlighting negative features in a sales pitch can be used to pivot to the positive and ultimately increase credibility and sales.
    • Mentioning a negative feature can increase credibility and be used to bolster a product or service in sales.
    • Addressing product weaknesses proactively in sales conversations can help regain control and pivot to the positive.
    • Raise the negative features in a sales pitch, then pivot to highlight the positive outcomes.
    • Customers may initially see too many features as a negative, but they will realize the need for them as their business grows.
    • Training may seem too long, but for a sophisticated product like ours, it's essential for maximizing return on investment.
    • Turn negative features into positives by listing weaknesses, raising the negative, pivoting with "however", and concluding with a positive statement to control your presentation.
    • Check out the Sales Velocity Academy for fast courses to help you sell more, and remember to sell hard when you know how.
    • It's important for a speaker to focus on delivering real content, engaging the audience, and motivating them, with the main goal being to make the client look good.

    Summary for: https://youtu.be/cD9pJtK8GAQ by Eightify

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    6 m
  • Discovery Phase Questions Help You Sell Easier - What to Ask | 436
    Aug 12 2024
    The discovery phase in sales is crucial for qualifying potential clients and understanding their needs and motivations in order to tailor a focused and effective sales demo.
    • The discovery phase in sales is about qualifying clients to see if they are a good fit for a product demonstration.
    • Qualifying the opportunity involves asking three questions: Is the client a fit for our product or service, do we align with their needs, and is there a sense of urgency.
    • Knowing the timing of the decision and the current situation of the customer is crucial in the Discovery phase of sales.
    • Knowing if a prospect is doing nothing, doing it themselves, or using a competitor helps in positioning the demo and understanding their needs.
    • Understand the triggers driving potential customers to want to change and differentiate your product based on their needs and motivations.
    • Having answers to discovery phase questions allows for a more focused demo that aligns with the customer's needs and urgency.
    • Tailoring the presentation based on customer motivation and triggers is key to an effective sales demo.
    • A great speaker delivers real content, engages the audience, and motivates them, but it's never about the speaker, it's always about the client.

    Summary for: https://youtu.be/Z9-zg34Uk4Y by Eightify

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    6 m
  • 7 Buying Triggers for a HIGHER Closing Rate| 434
    Aug 7 2024
    Understanding the triggers for change in potential clients' businesses and making it easy for them to buy and use your product is essential for sales success.
    • Understand the triggers for change that lead people or companies to buy your product or service.
    • New leadership, change of ownership, and shift in responsibilities can trigger the need for new products or services.
    • A positive change in financial situation or decrease in product support can trigger buying decisions, as customers seek new options if their vendor goes out of business, is sold, or lacks desired features.
      • A positive change in a company's financial situation or a decrease in support for a product can be effective triggers for making a buying decision.
      • Customers may seek new products or services if their current vendor goes out of business, the company is sold, or the existing product lacks a desired feature.
    • Existing camera lacked a feature, prompting search for a new one; complicated GUI can deter people from using a tool.
    • Customers are triggered for change by leadership, ownership, financial situation, product support, vendor status, new features, and user interface simplicity.
    • Make it easy for customers to buy and use your product, identify triggers for change in your business to approach potential clients, and seek feedback for sales success.
    • Check out the new webinars and courses on Victor Antonio's website to help you sell more effectively.
    • A great speaker delivers real content, engages the audience, and motivates them, but the most important thing is to make the client look good, not oneself.

    Summary for: https://youtu.be/n3mGuuz422Q

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    7 m
  • 4 Types of Conversations to Bridge Value Gap | #433
    Aug 7 2024
    In order to bridge the gap between the customer's current state and the desired state in sales, it is important to address the parameters of time, money, effort, and confidence in the sales pitch.
    • Imagine your customer on one side of a deep hole and your solution on the other side as a visual for change in sales.
    • Bridge the gap between the customer's current state and the desired state by addressing four parameters in the presentation to fill in the perception of depth and concerns.
    • Time is the first parameter to consider when closing a sale, as customers want to know how long it will take to implement the product or service and see a return on investment.
    • Understand the difference between price and cost, and minimize the perceived effort required for the customer to implement the solution.
    • You need to address time, money, effort, and confidence in your sales pitch to assure the customer that the product will work for them.
    • Walk the client through a sequence of using the product to build confidence and show that it won't take much time.
    • Explain the cost, impact, effort, and confidence to minimize client's concerns and increase their confidence in implementing the solution.
    • Improve your closing conversion rate and check out the sales velocity Academy for fast classes and valuable information.

    Summary for: https://youtu.be/pp2P08cGVyc

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    8 m
  • How to do Product Demos 101 | 432
    Jul 25 2024
    Effective product demos should be customer-centric, focused on framing the issue, showing how it applies to the client, and discussing the issue resolution, while also structuring the presentation to tell them, show them, and then tell them what you just told them.
    • Presenting a simple formula for effective product demos by layering more value on top of basic presentation skills.
    • Presenting a demo sequence should focus on being customer-centric, framing the issue, showing how it applies to the client, and discussing the issue resolution.
    • Show how to view sales activities and revenue quickly and easily to save time and access information efficiently.
    • Resolve the issue by structuring your presentation to tell them, show them, and then tell them what you just told them, creating mini structures within a larger presentation.
    • Imagine how easy it will be for you to have quick access to information and meaningful conversations with your salespeople.
    • Use the same structure to address multiple customer issues by identifying and resolving them one by one.
    • Show customers that your software is easy to use, provides timely information, and tell a story through your demo to properly showcase your product's features.
    • Fast classes on the platform offer 15-20 minute content for sales training, and the key to being a great speaker is to make the client look good, not oneself.

    Summary for: https://youtu.be/08emzbC8WUE by Eightify

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    6 m
  • Don't Value Dump | 431
    Jul 19 2024
    When presenting a product or service to a client, it is important to focus on understanding the customer's needs and presenting tailored solutions, rather than overwhelming them with too many features and justifying the price through a long presentation.
    • Stop overselling and value dumping when presenting a product or service to a client.
    • Building more value justifies the price and helps the customer rationalize, but quantity does not equal quality and can oversaturate the customer.
    • Overwhelming customers with too many features and not understanding their needs leads to value dumping and losing the sale.
    • Understand what the customer wants and needs, and present solutions tailored to their current and future needs.
    • Don't overwhelm customers with all the features of a product, focus on demonstrating what they need and establish value.
    • Focus on the essential features now, and mention future benefits to avoid overwhelming the prospect.
    • Be selective in presenting value, focus on how your product or service can help the client, and avoid justifying the price through a long presentation.
    • Sell more faster by delivering real content, engaging the audience, and motivating them to push beyond their comfort zone.

    Summary for: https://youtu.be/-CTOiIcjQAw by Eightify

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    8 m
  • Bring on the PAIN | 430
    Jul 18 2024
    Creating a sense of urgency and demonstrating the tangible value of the product or service is crucial in driving sales and motivating customers to make a change.
    • Create a sense of urgency to overcome status quo bias and encourage customers to buy.
    • Show the customer that the pain of staying the same is greater than the pain of change to motivate them to move forward.
    • Use ROI calculators to show customers the cost of investment in your system.
    • After 18 months, you'll get your money back and there's a lot of upside, so use ROI calculators and break even points to show the customer.
    • Show customers how not having certain features or services is causing them to lose market share, create urgency by demonstrating cost reduction and tie it back to their ability to be more competitive and grow their business.
    • Operational cost and opportunity cost are important to quantify and communicate to customers in order to show the tangible value of what they're missing out on.
    • Quantify the customer's pain and position it as greater than the pain of change to create urgency and drive sales.
    • Selling is about understanding the customer's pain, positioning the solution, and taking care of them, not about the speaker.

    Summary for: https://youtu.be/ejmFqZxCcF0 by Eightify

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    7 m
  • Overcoming Buyer Indecision | 429
    Jul 16 2024
    Building trust, demonstrating expertise, and keeping the customer's best interest in mind are essential for overcoming indecision and closing deals.
    • Clients who can't make decisions are often afraid, and it's the salesperson's job to reduce their anxiety and address their concerns.
    • Create a sense of urgency to push potential customers to make a decision and act now.
    • Building trust with clients involves empathizing with their point of view and being a subject matter expert in your product.
    • Understand and communicate the differences between your offerings, demonstrate expertise in the market and business, and show the customer that you have their best interest in mind to build trust.
    • Understand and guide customers towards a product that will help them without overselling or underselling, positioning yourself as a subject matter expert to build trust.
    • Build trust, demonstrate expertise, and keep the customer's best interest in mind to overcome indecision and close the deal.
    • Close more deals by demonstrating subject matter expertise, keeping the client's best interest in mind, and connecting with them to make a buying decision.
    • A great speaker delivers real content, engages the audience, and motivates them, but the most important thing is to make the client look good.

    Summary for: https://youtu.be/ZQlw3XCFRMA by Eightify

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    9 m