In a previous post I introduced the concept of Connectors (people who can introduce you to Targets) and how to think of them in terms of Introducabilty & Referencabilty as well as how to 'activate them".
Can this scale? Most people would say no. In my experience, the answer is Yes. How? Starting with the obvious assumption that you have a great product or service and Continue reading...
Take the express lane to getting customers for large, complex products
Every salesman is desperate to avoid the dreaded cold call. People with great networking skills have always been able to get introductions to prospective customers. Social networks like Linkedin have revolutionized this type networking by making everyone able to find a 2nd degree connection within almost any potential customer. The technique is simple-- it ends with your Connector sending an email to the Target (and putting you on the cc) introducing you as a good guy to know. In my terminology, your Connector has high "Introduceablity". Often such a Connector can introduce you to several others over time if you don't abuse the privilege.
Introducability gets you the Target's attention and results in a high probability of a meeting taking place. Unfortunately it does little to build trust or get you any closer to closing a deal with the prospect. For this, you need another type of Connector-- one with "Referenceability". Connectors with Referencability Continue reading...
Three books I find useful in launching into new markets (updated since first posted in 2009)
3 Great Books
I am not a big reader of sales, marketing and business books. However, whenever I am working with someone who is interested in further developing their ability to sell and market, I find myself recommending the same three books.
The first is Rob Jolles book, Customer Centered Selling. It is unlikely that you have heard of this book as Rob is a relatively minor author in the field of spin/consultitive/complex selling, but I find his presentation is by far the best. He is a veteran salesman and sales trainer from Xerox. For me, there were two world class Silicon Valley companies in the Eighties: the great engineers came from HP and the great salesmen came from Xerox. While both have lost their shine in recent years, they were in their time factories for their respective talents. Rob concisely communicates sales as a science and a process for large complex consultative sales. Rob also does a great job of explaining why salesmen (real salesmen, not order takers) are a good thing for society.
I have managed different types of professionals, but I can attest that no group is harder to influence than Salesperson. A typical interraction might be:
On Monday, "Joe, I need your forecast by Thursday End of Business". His response "Ok, I'll do what I can" (Result: No report)
On Friday, "Joe, you promised that forecast yesterday". His response "sorry Matt, I'll get it by the end of today" (Result: No report)
On the next Monday 9am, "Joe, I have a board meeting at 2pm, I need that forecast by noon". His response "sorry Matt, I'll get it right away" (Result: partial report by 12:45)
In fact, this chain of events is so predictable that I started to use this as an indication of future sales success. Let's look at each step in detail and I will try to explain this from the Salesperson's perspective/nature and explain my insight.
With all the technology people who have ambitions of joining the startup world, I thought I might talk about why technical people struggle so hard at learning the critical sales roles. The interest in this D-Labs sponsored talk was far more than I expected.