Market Dominance Guys
Guest: Bruce Lewolt
Episodes
Wednesday Jan 10, 2024
EP209: Your Only Product Is the Meeting
Wednesday Jan 10, 2024
Wednesday Jan 10, 2024
Closing sales requires trust, and trust is built through conversation. As Chris Beall notes, in B2B, the gateway to ongoing dialogue is the discovery meeting. Yet, too often, sales teams fail to view the meeting itself as the product they are selling. As Bruce Lewolt highlights, sellers must frame their sincere care for the customer’s success. This care is best conveyed interpersonally. By securing that initial meeting, the sales rep opens the door to relationship-building. As Jennifer Standish explains, delivery matters as much as content in piquing interest. With the right tonality and empathy, a seller can turn cold calls into warm introductions. James Thornburg and Matt McCorkle build on this idea: the meeting is a gift, saving the prospect time and money. When sellers view appointment-setting as customer service, their conviction carries through. The discovery meeting enables the sales conversation to continue. Building trust starts with booking that first meeting. Join us for episode 209: Your Only Product Is the Meeting.
This episode has segments from the following full episodes featuring Matt McCorkle, James Thornburg, Corey Frank, Chris Beall, Jennifer Standish, and Bruce Lewolt.
EP139: Your Product Is the Meeting
EP122: Learning to Manage Your Voice Under Pressure
EP115: The Enemy of Your Message Is Drift
EP113: The Cold-Call Kiss of Death
EP108: Sales and the State of Apprehension
FULL EPISODE TRANSCRIPT Below:
Chris Beall (00:00):
I think that's what we do primarily in sales is we help people go from the emotional state they're in to one that would be more conducive to getting to an exploration of possibilities. And when we think of it differently, I think we get in trouble.
Matt McCorkle (00:16):
Yeah, I really like that analogy of being on the phone with somebody and the value of the meeting is saving them from an oncoming train or a bus or whatever you're saying. What we say is that this one isn't nearly as impactful, but when we're training we say you are giving the person you're talking to a hundred dollars, are you going to be excited and happy to give this person a hundred dollars because you're saving them that money simply by showing up and showing them some of the knowledge that we have at Ksr for their operation. Absolutely. You're not taking a hundred bucks from them. You're not wasting their time. You're giving them a hundred dollars and here's the a hundred dollars of value you're giving them. That's when we use, pretend like you got a hundred dollars and you're pocket and you're just walking up to somebody to say, here you go. No strings attached. Here's a hundred bucks. Help with that confidence. Absolutely right. Corey,
Corey Frank (01:09):
What's more fun for you? Do you have a balance of how often do you do cold calls? How often do you do discovery and do you yearn for doing one over the other?
James Thornburg (01:19):
I'm enjoying it all. To be frank. Right now I have a great process. I make calls maybe like an hour, an hour and a half a day, typically four or five days a week, pretty much every day, anywhere between nine and 11. And then in the afternoon it's dedicated to meetings. And depending on the day, I may be running two or seven different meetings. They might be net new meetings, they may be follow-ups, things of that nature. And then what people don't get to see, and it's kind of hard to understand is there's a whole world of selling and working deals behind the scenes with the different providers in terms of registration and things of that nature. Competitors, I mean, it's a knife fight. And what people don't realize about this business is that these deals don't always go through the front door. Traditionally how people expect them to be. I mean there's a lot of maneuvering on opportunities to get things done.
Corey Frank (02:10):
How about from a metrics perspective, James? I think Chris, at any given time you give him seven seconds notice. He'll pull up the data and the stats for his team and know within the first hour of the day if they're off or who needs help on the intro, who needs help on tonality as kind of the proprietor of your own practice there. Do you look at the stats at that level of tactical detail of how you're doing 'em one day or to the other and dial the connect or dialed a meeting or if you're getting your butt kicked in the intro, maybe it's a tonality thing and I should probably change it up. How do you use math of the data to alter or calibrate your sales process?
James Thornburg (02:51):
I do have a general idea in terms of what my numbers look like. I don't get overly concerned about, Hey, what my conversions are down this month. I just think it's a trend. I mean, you look at, last week for me, I set five meetings like an hour and a half, never happened before. This week I'm at one meeting, one meeting probably 20 conversations. So it's not horrible but not great. And so it flows. It flows and some days I'm better than others. I can feel it. You just know the conversations or I'm catching the right people. But I have a good idea in terms of my conversions, I mean, well data connect's kind of irrelevant I guess right now, but do connect was trending at probably close to three and a half, probably three and a half percent. But my conversions on my conversations are right around 10 out of 10 people I talk to. I'm converting one of those.
Chris Beall (03:45):
The disease that kills companies is distraction. That's why little companies shouldn't do strategic partnerships with other little companies that give each other the disease called distraction. And it's highly communicable, so be careful of it. You need focus and the focus is starts with the list. It's really easy to stay focused when you have that list. You can go through the list and say, have we talked to everybody on this list? We haven't. Let's take the ones we haven't talked with and try to talk to them. Okay, if somebody wants help doing that, come to me. I can help you talk to a whole bunch of people. That's what we do is like talk to folks and we help you talk to people. Have we got a meeting with everybody on the list? Not yet. Well, we have a job to get a meeting with the rest. Have we learned from the meetings that we've had, what resonates? So what percentage are resonating on the economics, what on the emotional and what on the strategic and what didn't resonate at all? That's a little trickier, but it's very objective step by step by step, and by going step by step, we do take care of immediate needs because guess what? We'll actually be closing business sooner than not. And the best part is it keeps getting easier instead of getting harder. That's the reason you do this.
Jennifer Standish (05:06):
I also think that we have to accept that a certain percentage of the population doesn't like to be sold to and they will shut down meetings to their own detriment. But there's nothing you can say to them. They just will not be sold to. And we just have to accept that. But everybody else is someone willing. Some people are more willing than others. I've had situations where I get no objection. I get sure, I'd love to. Absolutely. I'm available on this particular date and time and it's super easy. Other times there's a little bit of pushback, but then people are amenable. It's to scheduling appointments. So we just have to accept that some people are more willing to meet with people and are interested in what people have to
Corey Frank (05:52):
See. Jen, how much of that do you think, and you've seen, you've probably experienced bad calls. You've probably from your background, taught many folks to learn this skill. You have a voice. We have a handful of folks on this podcast, all brilliant folks, of course, present company included with me and Chris. But a lot of the folks that are on these podcasts of ours, they have a voice that can just melt butter and they have a command of their tonality, their stammer, their pregnant pauses. Is that something that you see as correlating to your success? Yes.
Jennifer Standish (06:29):
When you're, and I'll tell you, trainers, cold calling trainers, do not spend enough time working with people on their delivery because it's 80% of your success as a cold caller. A great script hits all the points with a terrible delivery. We'll get no appointments, but a great delivery with a mediocre script, we'll still get you appointments. Absolutely.
Bruce Lewolt (06:58):
So there's the athletic, the endurance, taking the brunt of rejection and still coming back strong. There is also, and to Corey's point at the sincerity, I really care about helping students. If you're a corporation, I really care about helping salespeople reach their full potential and do well. I care about helping your business do well. So that comes through to me. But when I train salespeople, I recognize if they work for a big electronics company, they may or may not care as deeply as I do about their customer doing things. So my daughter was a successful actress when she was young in Hollywood. She was on a lot of national shows and a lot of acting, trading, and they use framing, what's my frame here? How am I looking at the world? So for the salesperson, before they start, they need to do the same exercises that an actor does beforehand to get themselves in the right frame seeing things in the right frame. So they are coming across as caring. They are coming across if need be as very confident, or they are coming across as, I'm struggling a little here, could you help me? The broken wing script, if that's what they're doing.
Chris Beall (08:13):
Well, one of the beauties of B2B is that B2B tends to run through a meeting. You're going to have a meeting, and the meeting is a meeting in which both people are going to voluntarily show up. And the fear that's expressed as annoyance, it's going to be replaced by apprehension that you can replace with some other emotion. And it's a lot easier to work with apprehension on a volunteer than it is to work with fear on somebody you've ambushed. It's an easier emotional sort of game to play when we're dealing with that more awkward conversation. The cold conversation. One of the beauties is, the only thing you have to believe in deeply and sincerely, is the potential value of the meeting for the human being you're talking to in the case where you're never going to do business with them, and this is the only time in business.
(09:03):
I think there's such a thing as a universal framing. You can deeply believe no matter what you're selling, you can deeply believe my company are experts at this because we're specialists and this other person is a generalist and can learn from us. And what strikes me as especially odd is the product training that goes on for salespeople, even those who are setting meetings, is not about the product that they're selling, which is the meeting. So they never learn about that product, which is the only product that they have to sell and be sincerely to have that sincere belief in its value. And it's so odd. I have yet to see one time across all of B2B that I've run into, and you guys know, I see a little bit of it. I've never had a yes answer to this. So can you break down the discovery meeting for me that this person's going to have? Who says yes in terms of the value that they're likely to receive from attending that meeting?
Tuesday Jul 05, 2022
EP139: Your Product Is the Meeting
Tuesday Jul 05, 2022
Tuesday Jul 05, 2022
How many cold-call opportunities have you wasted by pushing hard and fast to sell your company’s product? Today’s podcast guest, Bruce Lewolt, Founder of both JoyAI and Blast Learning, talks about a more caring and effective approach to selling. It starts with switching the goal of that initial call from selling your company’s product to offering prospects a helping hand with a problem or goal they have. Imagine for a moment you’re the prospect, and you’ve just been ambushed by a cold call: Who would you be willing to set an appointment with for a discovery meeting? A person blatantly trying to make a sale? Or a caring professional who understands your business’ needs and wants? In this episode, our three well-reasoned and insightful sales professionals share many insights with our listeners about making a successful cold call, but the one you don’t want to miss is this “aha!” moment. Your job is not selling your company’s product: Your job is selling a discovery meeting. That should make the title of this week’s Market Dominance Guys’ podcast very clear: You’re still selling something, but “Your Product Is the Meeting.”
Listen to Bruce Lewolt's previous episodes in this series:
EP137: What Do Your Prospects Really Hear?
Ep138: Don’t Get Lost in Your Rock ’n’ Roll
More episodes on the topic of Believing in the Meeting are here.
About Our Guest
Bruce Lewolt is Founder of Blast Learning, a service that uses Alexa or Google Assistant as an intelligent personal study assistant, resulting in a state-of-the-art study method that is not just effective but makes learning enjoyable. (See BlastLearning.com and BlastStudy.com) He is also the Founder of JOYai, the first emotionally intelligent and sales-savvy artificial intelligence system for salespeople, bringing intelligent automation to prospecting and selling.
Tuesday Jun 28, 2022
EP138: Don’t Get Lost in Your Rock ’n’ Roll
Tuesday Jun 28, 2022
Tuesday Jun 28, 2022
Training and coaching are essential for the rookie cold caller, and that’s an important part of the life work of today’s guest, Bruce Lewolt, Founder of both JoyAI and Blast Learning. But, as our hosts, Chris Beall and Corey Frank, remind our podcast listeners, even the most experienced and successful cold callers also need coaching from time to time. They can suffer from an inadvertent tendency to drift away from the prescribed plan — the script, tonality, and emotion that they’ve been trained to use — one that generally elicits a prospect’s response of “Sure! Tell me why you’re calling.” Bruce agrees and says that sales directors need to listen to calls and give feedback and coaching to all salespeople on a consistent basis, because it’s human nature to drift away from what you’re taught to say and start doing what feels easier or more comfortable, or putting your own cool, personal stamp on it because that’s the way you roll. It’s not your call to make, so note the caution in today’s Market Dominance Guys’ title and “Don’t Get Lost in Your Rock ‘n’ Roll” and drift away.
About Our Guest
Bruce Lewolt is Founder of Blast Learning, a service that uses Alexa or Google Assistant as an intelligent personal study assistant, resulting in a state-of-the-art study method that is not just effective but makes learning enjoyable. (See BlastLearning.com and BlastStudy.com) He is also the Founder of JOYai, the first emotionally intelligent and sales-savvy artificial intelligence system for salespeople, bringing intelligent automation to prospecting and selling.
Tuesday Jun 21, 2022
EP137: What Do Your Prospects Really Hear?
Tuesday Jun 21, 2022
Tuesday Jun 21, 2022
How do you produce the emotional reaction that you want in those you are cold calling? Bruce Lewolt, Founder of both JoyAI and Blast Learning, has devoted himself to discovering the answer to this question. Bruce joins our Market Dominance Guys, Corey Frank and Chris Beall, to explain how even the most carefully worded message and well-meaning tone and pacing don’t always have the emotional significance to your prospect that you had hoped they would. “When your prospect is only half-listening, what do they hear?” Bruce asks. Ah, that’s the question! These three experienced and dynamic cold callers each share their well-thought-out theories on how to communicate authenticity, spark curiosity, and offer intrinsic value that will elicit the kind of response from your prospect that will lead to setting a meeting. Here at Market Dominance Guys, we are devoted to helping you answer the tough sales questions, like this one: “What Do Your Prospects Really Hear?”
About Our Guest
Bruce Lewolt is Founder of Blast Learning, a service that uses Alexa or Google Assistant as an intelligent personal study assistant, resulting in a state-of-the-art study method that is not just effective but makes learning enjoyable. (See BlastLearning.com and BlastStudy.com) He is also the Founder of JOYai, the first emotionally intelligent and sales-savvy artificial intelligence system for salespeople, bringing intelligent automation to prospecting and selling.