Dive Into Strategies for Success
Building a Culture for Success
Each section is a thought stream and can be discussed as part of building your culture of Success.
SELLING IS PART ART AND PART SCIENCE
How do you tackle the art part?
How do you leverage the science part?
EFFORT
The value of extra effort:
1. Use real customer data to differentiate. No data or bad data can help you tell a compelling story.
2. Build competitive solution differentiation no matter what you sell!
3. Differentiate your positioning and increase your win rate!
VALUE WEDGES
DO YOU END UP IN A FEATURE PARITY WAR WHEN THERE IS COMPETITION?
TRY SOME OF THESE
BROADENING - the value of CX and business impact
CONSULTING - for path from current to desired future state
DELIVERING - industry + competitive knowledge
DESIGNING - strategic plan for every engagement
ENGAGING - to retain current base + win new business
FACILITATING - a consultative buyer’s journey
FOSTERING - industry or vertical best practices
MANAGING - change and pivoting with agility
PARTNERING - with you and your prospects
POSITIONING - winning solution through storytelling
Get away from "me too" gauges! Have you ever heard yourself say, "We do that too"? If so, you are using a "me too" gauge and are likely stuck in a feature parity war with a competitor.
Control Value
FOCUS ON Needs First
Then
Nice-to-Haves
Know the Difference
Ideal Customer
Offer Unique
Value
Stay Focused on buyer personas
model
Company
provide domain expertise on the vertical
Use industry Stories
Data Insight Questions
DIQs
Imagine if had a toolkit filled with DIQs - by industry, by persona - that was a simple tactic to increase your persuasive impact?
YOU CAN!!!
There is a methodology where you can present an insight before asking questions that can build trust with your prospect and boost your persuasive power in the sales cycle.
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It must be relevant to the industry or the persona
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It should be somewhat provocative
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It must "speak" to the audience
Strategically plan your DIQs.
10% Messaging
Imagine if you could control the 10% audiences remember from your presentation?
YOU CAN!!!
There is a methodology you can follow where prospects will remember your message in a sea of information they must consume as the go through through the buying cycle.
Strategically plan the message.
Build a Winning Process
Leverage Research
Become a Domain Expert
RESEARCH BUILDS TRUST
ESTABLISH RELATIONSHIPS
- There is no one-size fits all in selling
- Cold outreach and email overload don't typically work for buyers
- The low response rate is often not worth your time
TARGET ACCOUNTS & UTILIZE RELATIONSHIPS
- Identify accounts with the most whitespace
- Laser focused on right buyers
- Find these buyers when they are ready to engage
- Locate and partner with hidden allies (a warm path) from your network
BUILD YOUR SUPER POWER
- Use data do research
- Focus on ccount insights, buyer intent, people and relationship intelligence
- Build action from findings
- Work toward outcomes that build pipeline
Focus on Best Fit Accounts
Build Pipeline
Improve Win Rate
Increase Deal Size
SEEK TO UNDERSTAND
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Headcount across job titles
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Departments
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Growth
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Layoffs
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Past customer joins new company
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CXO initiatives / earnings call
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Prospects that engage in an event, discussion or an ad
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Warm paths into discussions and champions/advocates you can lean on
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Followers of your published articles or webinars
UPTIME
99%
2 Nines
Downtime
3.65 days year
99.9%
3 Nines
Downtime
8.77 hours per year
99.99%
4 Nines
Downtime
52.6 min per year
MOVING FROM ON-PREMISE TO CLOUD
An on-premise to cloud transition is when a company moves its data center capabilities and application(s) from an on-site facility to a cloud-based infrastructure owned by a cloud service provider (CSP) such as Amazon Web Services, Google Cloud, or Microsoft Azure. You may also hear this referred to as a migration, depending on the industry.
There must be a defined business purpose for the migration because it is difficult - and quite complex - to evaluate a return on investment strategy if the on-premise application / solution has not been fully depreciated and the software is providing all the benefits you need.
While a "pay as you go" cloud model sounds appealing, and allows you to pay only for what you use, moving from an on-premise solution into the cloud requires careful consideration.
Five benefits moving to cloud:
1. automatic software updates
2. security
3. scale up/down quickly
4. availability / uptime
5. move from CAPEX to OPEX.
More and more software companies are building out promotions to move their current on-premise customer base into the cloud.
Return on Investment
Complete
Building a Win Team
Win Team and Win Themes are Strategies to Win
Tips and tricks for building WIN TEAMS & THEMES are located throughout this site. Here are some examples: Build “win teams” and strategies with sales, presales, marketing, support, product marketing, engineering, customer success, and professional services to bring in new logos with enterprise and SME customers. Everyone in an organization impacts sales so let them know how important their role is even if they don't carry a sales title. The best business concepts, products or services are doomed without an outstanding team to nurture and bring to life with its full potential. The only constant under your control is attracting and keeping outstanding people that have superpowers and know the value and use of all these tips and tricks. Every time you learn a new skill or fact, you change your brain. The goal should be constantly learning new skills or facts to help sell better which means a beneficial boost to your brain and keeps you engaged in a successful role within the company. So let's break this down into more detail. Understand competition - can be vendor competitors; but don't forget competition can include competing for budget, competing projects, and doing nothing Do research - tie your message to outcomes needed; leverage earnings call, CEO message, etc. Provide value positioning - don't try to train or sell features and functionality; sell outcomes Use DIQs - differentiate from your competitors Build 10% messaging - be memorable Know your value wedges for the industry - don't get stuck in feature parity war Tip scales in your favor - use the sales methodology that offers success Learn to speak and build quantifiable return using customer data Be your best self
Implementation Strategy Sessions
Why is this relevant? Why does it differentiate? Why does prospect care?
OBJECTIVE The objective of an Implementation Strategy is to provide a collaborative session to all key constituents that should be part of the planning and execution of a project. To often planning takes place without the key stakeholders agreeing to the commitments that are necessary for a successful implementation. GOAL Collaborate, communicate, and define success with the customer: - Provide a structured approach to successful implementation strategy based on unique needs of key stakeholders. - Build high-level streategy and plan that can serve as the framework to implement the solution. Let's discuss what an Agenda might look like for one of these sessions. AGENDA Introductions - Everyone's opinion counts! - Ensure all key constituents are involved Overview of Implementation - Project goals, definition of success, existing expectations, timeline, constraints, assumptions, - Environment review Soluton Implementation Planning - Solution components - Project scope - business units, departments, locations, etc. Project Structre and Roles - Timeline, phasing, roles - Risk factors Session Deliverables - Define the primary deliverables from the session. E.g. The primary delivrable from this session is a project strategy document, which summarizes all decisions from the session.
Change Management
Exploring Change
CHANGE MANAGEMENT AND GOVERNANCE Change Management is the process of overseeing and facilitating change. It involves a strategy and detailed plan for change. Governance has many different definitions. In speaking about change, governance bodies build accountability for change within an organization through a process of making and enforing decisions on new processes, new ways of working, and adjustments to an organization's opeations. GOAL Transition smoothlly, efficiently and effectively from current state to future state; and to ensure adherence to change. Change Management and Governance work hand-in-hand and requires collaboration with key stakeholders to build the strategy, plan for the successful execution, and support the needs of employees and the business. Let's discuss what a successful Agenda might look like for initial planning discussions. AGENDA Business Discovery - why change? - Build a formal process for gathering information with leadership. - Document current state and enterprise objectives for future state. - Ensure that the future state vision includes high level governance strategy. Governance Framework - is this in place or does it need to be developed? - Create a "strawman" model framework as a starting point. - Start building conceptual documentation. Don't be afraid of theoretical, philosophical or hyposthetical ideas. - Document leadership champions and front line employees for buy-in. Communicatoin and Reporting - what is the capacity for change? - Discuss your organizations' capacity for strategic and operational change. - Identify risks and mitigation strategy. - Author well-coordinated communication and reporting plans to monitor change. - Determine if you will deliver ROI and how it will be tracked. Practical Application - are you ready for change? - Consider a "roadshow" or other means to facilitate discussions on strategic diretion for transition and change. - Share the communication, reporting mechanisms, and a guided plan for execution on training and enablement. - Discuss details on how change will impact work assignments. Review Results - Build a plan for addressing risk. - Course correct, as needed, and ensure proper communication on any course correction and reasons why.
Positive Strategy for Behavior Change
Behavior Change 101
OBJECTIVE The objective of this section is to provide a brief overview on how to leverage human nature and our brain's fundamental instinct to help motivate and sustain positive behavioral change. I'll also focus a bit of this section on how this discussion specifically pertains to new sales hires. BASIC INSTINCTS The basic function of the brain is to have a sense of control; and if we can give the brain that sense of control by using three positive change strategies, we will successfully impact sustainable change. GROUNDWORK These groundwork statements are what truly motivate change. - Fear or negative discussions when coaching will induce inaction. - The power of suggesting goal attainment when coaching will induce action. - Humans prefer positivity and learn best from supportive and encouraging moments. - Humans seek assurance and learn from coaching moments on how to build success. THREE POSITIVE STRATEGIES FOR CHANGE 1. Use a social incentive in your action strategy. - Instead of a warning, use positive information to seek out the change you want to see. - As humans, we care and want to do the same or better than other humans. - Humans, inherently, want to do better than average. - Find a way to highlight how others are doing; without necessarily using names. Example: Use specific graphs and charts that show an individual's KPI, mapped against peers' KPI attainment. Let human nature kick in to help you. 2. Instead of fear or negativity, use immediate rewards. - Science shows that fear, threats, or scare tactics have little impact on behavior change. - Rewards induce action. - No matter the type of reward, the benefit gains moment in real or near-real time. - Reinforcing positive behavior will turn into great habits. Example: Rewards can be simple. Hghlight a win during the team call. Have CXO do a shout-out, Write a personal note. While rewards can also be monetary, we are humans first and want to be appreciated. 3. Use progress monitoring trends. - When trying to get someones attention, highight the progress not the decline. - If you can use trend data to tell a story, that is powerful and positive. Example: Use a trend chart over the last four quarters to show when pipeline building activities take place that quota goals are met. NEW HIRE GUIDELINES - Build 30, 60, 90 day Success Plan and tie the expectations to company goals and KPIs - Schedule weekly coaching and make them a priority - Help build early wins to boost morale and long term success - Build a sense of empowerment - Don't assume everything is going well; ask for input on challenges or struggles Tip: Focus on coaching early and often. Give hands-on dediation and attention which will save headaches and failures in the future.