10-Step Sales Process

Jul 21, 2024

Lecture Notes: 10-Step Sales Process

Introduction

  • Lecturer's Background
    • Over 30 years of sales experience
    • Sold to every Fortune 500 company at least once
    • Sales in tens of millions
  • Main Topic: 10-step plan to make any sale happen

Importance of Sales

  • Everyone is a salesperson
  • People judge based on personal brand and product
  • Sales as essential for business survival
  • Ethical sales preferred
    • Avoid the "99p" rule (tricking customers with pricing)

Key Points in Sales

  1. Authenticity
    • Be honest and authentic
    • Long-term relationships are built on trust
    • Example: Salesperson recommended a Tesla, leading to long-term customer trust
    • Authenticity leads to repeat customers
  2. Over-deliver
    • Deliver more than promised
    • Sell only what you believe in
    • Example: PR companies promising realistic results
  3. Find Your Own Style
    • Both introverts and extroverts can succeed in sales
    • Example: Accountant was best salesperson in the company
    • Emphasize your unique strengths
  4. Train Your Team
    • Everyone around you should understand your product and sell it
    • Example: Client, colleague, family should be your best salespeople
  5. Understand the Sales Process
    • Three steps to any sale:
      1. Identify the potential buyer and their needs
      2. Build a relationship and understand them
      3. Present your product
    • Use systems like Pipedrive to track and connect
  6. Leverage
    • Use existing clients or brand names to gain credibility
    • Example: Doing free work for CNN helped get other clients
  7. Sell the Outcome
    • Sell the benefits, not just features
    • Example: Sell the feeling or result, like Apple does
  8. Believe in What You Sell
    • Genuine belief makes selling easier
    • Example: Selling something that has real value to customers
  9. Brand Partnerships
    • Partner with other brands to leverage their audience
    • Example: Potential partnership between lecturer's brand and Liquid Death
  10. Emotional Sale
  • Appeal to emotions, not just logic
  • Example: Emotional appeal led to book pre-sale success on Amazon

Additional Insights

  • Sales as a system and process
  • Storytelling in sales
  • PR and out-of-the-box thinking
    • Example: Two dishwasher concept as out-of-the-box idea

Conclusion

  • Summarizing the 10 steps
  • Importance of authenticity, team, community
  • Having fun and using humor in sales

Action Items

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