Wednesday Aug 21, 2024
EP238: The Innovator's Guide to Building a Foolproof Selling Machine
In this unique episode of Market Dominance Guys, Chris Beall flies solo to unveil the blueprint for a revolutionary concept: the selling machine. As innovation accelerates and markets expand globally, Chris argues that a systematic approach to sales is not just beneficial—it's essential. He outlines a framework that transforms the traditional go-to-market strategy, making it more efficient, scalable, and cost-effective. Hat tip to Branch 49 and Corey Frank's team. This episode is a goldmine for innovators, startup founders, and sales leaders looking to bridge the gap between groundbreaking ideas and market success. Chris breaks down the components of a selling machine, from crafting the perfect offer to scaling operations, all while emphasizing the human elements that drive results. Join Chris for this episode, "The Innovator's Guide to Building a Foolproof Selling Machine."
Here's a unique gift from this episode - an outline of Chris' plan for building a sales machine. You'll have to listen to the full episode to get the details, but this gives you a way to follow along:
- Define the offer:
- Draw a circle with an arrow pointing right
- Identify the beneficiary (stick figure)
- Determine the unit of value delivered
- Estimate the monetary value for the beneficiary
- Identify the "flying car" (hard part) of the innovation:
- Use AI or other resources to find a solution
- Build a simple version to solve the core problem
- Address potential objections:
- Anticipate why conservative buyers might reject the offer
- Prepare answers to these objections
- Identify and describe all dependencies - more lines in the circle
- Generate a usable list of potential customers:
- Use available data to create a hypothetical list
- Sort by title and remove obvious false positives
- Choose a calibrated conversationalist:
- Use a service like Branch 49 if needed
- Test the message:
- Aim for a 5% conversion rate on cold calls
- Modify the message if necessary
- Conduct discovery meetings:
- Close these into reference customers
- Offer additional support to early adopters
- Scale the selling machine:
- Start with one conversationalist, then add a second
- Continue scaling to groups of eight with proper management
- Implement follow-up systems:
- Call those who don't attend scheduled meetings
- Set up quarterly follow-ups for those not initially interested
- Refine and segment lists based on interactions
- Involve subject matter experts (SMEs):
- Bring in founders or other experts after successful discovery meetings
- Generate more subject matter experts as needed
- Develop materials to transmit expertise without constant human involvement
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