I am been engineer by choice and engineering manager by profession. I have never done sales. I understand you learn by doing similar to driving. I am a bit talkative but sometime I have hard time not getting bogged down by emotions.
How do I get started? Can you share books, videos, tutorials, prior recorded sales call references?
Where can I learn about metrics to track? Any ideas?
For B2B sales resembles project management: the goal is not to convince everyone to buy your product or service but to diagnose their needs and only engage with firms that will benefit.
For larger deals you "sell with your ears" as much as you talk.
I find Neil Rackham's "Spin Selling" very useful. Peter Cohan's "Great Demo" embeds a lot of discovery advice and suggests that a good demo is really a conversation driven by mutual curiosity about customer needs and software capabilities.
For B2B customer development interviews (those early market discovery conversations) I have a short book you may find helpful. See https://www.skmurphy.com/blog/2020/01/30/40-tips-for-b2b-cus... (there is also a link at the bottom for a PDF version).
Two final books I would suggest, while not exactly sales books, are "The Innovator's DNA" by Clayton Christensen and "The Right It (Pretotype It)" by Alberto Savoia. They cover a number of techniques for finding the right problem to solve and determining if your solution is a good fit for customer needs. I mention them because it's not uncommon for a startup to have a product problem that manifests as a sales problem.
Don’t “learn” sales. A lot of reading material and courses could actually negatively effect you by causing you to overthink things. At best, you will come across as calculating and at worst you’ll lose deals due to getting lost in the weeds.
Here’s two things:
Whenever you deal with someone, try to conceptualize yourself as a consultant and not a salesperson. Great sales people are more like matchmakers, people have some kind of problem and you have some kind of solution. People are pretty sensitive to in situations where they could be persuaded. Conversations should have the feelIng like you are trying to convince a friend to watch a really cool movie rather than high pressure, ultra confident wolf of Wall Street closing.
Two, if you really want to learn the actual craft of it then put yourself in more situations where you can talk to a salesperson and put them through their paces. Start taking calls from telemarketers and instead of hanging up tell them you would rather they send you an email. Go to a car dealership and tell them the car you want is too expensive. This is a decent way to get experience.
Most of the books recommended in this thread assume that you're working for a established firm, with product / market fit, etc.
Clearly that's not the case for a start-up.
Read up on what Pete Kanzanjy publishes https://www.foundingsales.com/ - it covers the the "founder-led sales" phase.
How I did it:
- you interview as many prospects and customers as possible
- you understand what keeps them up at night, what specific pain points they have, the language they use to describe their situation
- you shape your messaging to solve those specific pain points, using their own language
- wrap your messaging into a story - the worst you can do is "problem / solution". people don't buy that way. people buy change, and you use the story to communicate that change.
I wrote a totally too long Medium post on the whole topic:
https://medium.com/@larskamp/the-5-cs-an-operating-framework...
as somebody else pointed out on this thread - be read to deal with objection! You'll likely collect 9 "No's" for each "yes!"
My biggest advice is get a coach/mentor/consultant who you talk with once per week to get feedback. This is how professional sales people learn in practice (eg from a sales manager). This will accelerate you learning by a factor of 10 versus doing it yourself. They will help you read each situation and push you to focus on the right places. Otherwise it’s easy to flounder on the wrong ones.
RE metrics- closed business is the only one that matters! Do whatever gets you that as fast as possible.
I wasted a year when I first founded Amplitude trying to brute force it myself and closed a grand total of two contracts for $36k. After that I ended up working with a guy named Mitch Morando and got from $36k to $1M in ARR in less than a year. He cost me $5k a month and increased our market cap by $20M, it was well worth the investment. I’m happy to make an intro if you’d like.
Good luck on the journey ahead and I’m excited for you!
The best mental picture of a salesman is as a consultant. You're there to solve their problem, hopefully using your product. But if your product isn't their best solution send them to your competition. You do it by asking them questions, then stopping to listen to their answer which prompts more questions.
If they don't have the problem, apologize for wasting their time and leave. I remember one of Gary Vaynerchuk's DailyVee videos where he flew to Chicago for a single hour long meeting. In less than ten minutes he realized he wasn't going to get the sale, said goodbye and headed back to the airport.
The other thing to remember is to always be asking for the order. I can't tell you how many times ten minutes after getting there I threw away the rest of my questions and wrote up an order. It is entirely possible to talk yourself out of a sure sale, when I was starting I did it multiple times.
I know a lot of introverts think they can't do sales but sometimes they make the best sales guys. That's because they have less of a problem talking all the time. Ross Perot was definitely more of an introvert yet he was once IBM's top salesperson in the country. He once made his entire yearly quota in a week!
Your situation is why I wrote Founding Sales: https://www.foundingsales.com/
The full text is available online on that Squarespace site.
I wrote it after selling my last company - it chronicles what I learned going from a PMM / PM at VMware to a business generalist founder, who then had to learn how to sell, and then manage sales people.
Also, this deck will be useful to you: https://docs.google.com/presentation/d/1pcSy-zV-776abGmZ8WJ7...
Hope that helps!
Here some resources I found useful to do first B2B sales and get a general understanding of the process.
1. Peter Levine course of sales for tech entrepreneurs https://a16z.com/2018/09/02/sales-startups-technical-founder...
2. Steve Blank's 4 steps to the epiphany https://www.amazon.com/Four-Steps-Epiphany-Steve-Blank/dp/09...
3. Close.io SaaS Sales Book https://close.com/resources/saas-sales-book/
4. The Sales Acceleration Formula: Using Data, Technology, and Inbound Selling to go from $0 to $100 Million by Mark Roberge https://www.amazon.com/gp/product/1119047072
Also I advice you to fasten you educational feedback loop as mush as you can. The last boo can help you with metrics as well.
It doesn't matter how good of a sales person you are if you are not getting any leads. Conversely, you can be a bad sales person, even with a bad product, but with enough leads, eventually they will buy - you can see this with crappy restaurants at airports for example.
Successful startups are very aware of this and they setup processes to generate enough leads so their sales people can close them, to generate their target revenue. Also, the sales person's responsibility is to close the people that "come through the door", but it shouldn't be their responsibility to bring those people in.
Secondly, follow Close.com blog, there is tons of great sales insight, and download their Startup Sales Resource Bundle - https://close.io/resources/startup-sales-resource-bundle
Thirdly, watch Steli Efti's keynote about startup selling https://www.youtube.com/watch?v=55z5yl_naco&feature=emb_titl...
You're all set ;)
Most early stage startups don't have a product as beneficial to anyone as they think. So really need to work out the value and make it stand out, increase the value. They say 10x better because of this. Chances are an early stage product's value is mildly beneficial. Mildly beneficial = No sales.
Work out the audience. Go to a slightly less-than-ideal customer = Too much effort to sell or no sales.
OK So once you are at this point you are already equipped to sell. A nice product whose key benefits are clear, and we know exactly how the buyer will use it and benefit from it. I will bet dollars that you are not there yet.
Now all you need to do is help and enable the customer (e.g. integrate your product, make them see the magic by configuring it for them, or give them samples). You must not be salesy, but act as if you are an assistant that works to make the product's value realized for the user. At this point before spending the resources (time) double check this is a serious buyer with budget.
At this point as the user has seen the magic, you can ask for payment. Sales #1 complete.
Do 50 such sales and then you can care about metrics, efficiency etc.
https://twitter.com/ChrisJBakke/status/1309197276061945857
There was a lot of interest, so I wrote a longer-form version that I'm sending out next week, and I'm happy to send to you if you email me.
The biggest things are: learn by doing + learn via mentorship.
Feel free to email any specific questions and I'll do my best to help answer.
You are correct that after the product is ready the rest is ALL sales (closing deals) and marketing (getting the word out).
Sales people are a unique breed of human. You can tell them to F off and they will show up the next day with coffee, just the way you like it. :)
My recommendation is do the job yourself to bootstrap the company, get some revenue coming in but then transition to find an experienced person who can be your "head of sales". Then you can focus on product and general management. (Unless you want to become a sales professional). A good bonus structure for bringing in new deals is essential. Sales people are motivated by the hunt and payout for success.
There are some good inexpensive cloud CRM tools so that you can stay on top of your sales people, who they are visiting and what they are saying. Weekly meeting with checkups against their sales commitments and their "pipeline" of sales reviewed and pruned by you, is also essential but then let them run.
Small business is like a three legged stool made of Product, Sales (which is external relationship management) and Finance. Almost no founder has all three strengths. Make a team that compliments you and make lots of money.
The students included a couple of guys with a T-shirt stand on the beach, a woman who sold ADT security systems and a couple of people, who sold semiconductor manufacturing equipment. I didn’t just learn a good model and get practice with it but the fact that much of what we learned applied to all the sales cycles (from 3 minutes to 3 years) was itself quite enlightening. I still use today what I learned back then.
Also, later: I “carried a bag” meaning I had a mortgage in Palo Alto, a wife whose visa didn’t allow her to work, and lived on commission. Really taught me to sell!
Like riding a bike, you can get tips from books and video but you just have to get out there and sell.
(I have never become comfortable with cold calling, though I can do it)
1. Listen to yourself pitch. Ask people you talk to if it's OK to record the pitch and then listen to it repeatedly and take notes. It will be painful, and you'll notice so many things you hate, but you will get better. This is the number one thing that helped me get better.
2. Understand your customer. Really understand them. What are their hopes with buying your product? What are their fears if they make the wrong choice, or no choice at all? The stuff that's really at the core of these questions-- it's deep, personal, often embarrassing stuff people won't just tell you. Getting at this sort of thing is a skill. If you do it well, you'll not only sell better, you'll have a better sales process, and probably a better product.
3. Read Influence: The Psychology of Persuasion (https://www.goodreads.com/book/show/28815.Influence) by Robert Cialdini. If you're a former engineer, you'll especially love this book. It helps you understand how people tick, including yourself, and some of the techniques your competition are probably using.
Finally, don't be an asshole. It's so easy when you get good at sales to view the sale itself as the goal. It shouldn't be. The goal should be solving the customer's problem. Getting the sale is the first step, but make sure you only get it if you can genuinely help the customer-- if the customer will be thrilled they bought from you a month from now. The world has too many assholes willing to sell people the wrong thing for them. Don't be another one.
1) wife and ex are not what you would think are first glance as sales people. Far from pushy, one a bit shy, neither big networkers. However, when It comes to the job, they always do what they say they will do, when they say they will do it, the way they say they will do it. Their customers (well most anyway) love working with them because they get a prompt response and follow through on commitments. When a problem occurs, my wife is on it and doesn’t rest until it’s fixed.
2). You need to make it about your customer, not you. The sooner you realize helping your customer helps you, the more successful you will be. I’ve worked at large companies where salespeople only do what’s in their goals and bonus. Unless you are lucky, this will backfire.
3). Be interested in who you sell to. I work at a company that sells chemicals, some of which they could get elsewhere. The relationships the sales team build are amazing. They know everything about their customers personally and I’m impressed with the little details our commercial team remembers.
4) know everything about your product, from how it’s made to who makes it, what’s it cost to make, how does your accounts payable team pay bills for you materials, how does sourcing buy those materials and from who, etc. no question is too detailed!
https://www.lucidchart.com/blog/close-more-deals-with-meddic...
If you are first starting out then what you really need to do is find/build a product that your customers want. You can't sell a product that no one wants. If you are a master seller and if you somehow manage to sell something no one wants then it won't scale.
Try to have calls with potential customers who are interested in your product. If your product is solving a problem then it should be easy to have calls and the customer will ask to buy it. If not, try to understand what they need and iterate.
Maybe this is just your way of procrastinating. I procrastinate from building a company because I tell myself I'm not a software engineer, but I could find a way to do it if I really really wanted to.
If you still feel like you want advice on selling, happy to offer it since I've been doing for my entire career at startups.
I think sales can be broken down into:
1. Foundation of being perceived as an authority
2. Lead generation
3. Persuasion and conversion
4. Re-sale
Breaking it down makes it easy to become better at the sales process.
1) I found a mentor that I could relate too, one that did exactly what I was trying to do (an aside, I ended up joining a company called Boomtrain and learned how to sell while helping him build product -- this hybrid role evolved into starting and running their Solutions Engineering team.)
2) Be OK with being uncomfortable; a lot of sales is about putting yourself out there -- you're going to get rejection, but you start to learn how to place your bets and work in the opportunities that have the highest likelihood of closing (and therefore can be well-forecasted.) This is where a sales methodology helps. Calvin (the CTO of Segment) wrote this amazing blog post about about what we use on our Sales team: https://segment.com/blog/how-to-sell-a-b2b-product/
3) Spend the time building a defined process, whether it's generating top of the funnel/leads, moving deals through sales stages, and even a deal-desk process for inking MSAs/contracts. Invest in a CRM (I suggest Salesforce) to log everything and provide visibility on your business, while helping to manage the pipeline.
Happy to share more details about my journey so far.
First things first, I think before selling, my understanding of sales was largely grounded as an "art", and by far the largest turning point in my understanding has been that sales has a pretty large "science" component to it as well, by which I mean tried and true repeatable steps that can be applied consistently.
As a founder, before sales, you need feedback. Assuming you don't have product-market fit (which you almost certainly don't know, because you don't have users), it is MOST important that you talk to customers to get a handle on what they need. The two books I found most valuable here are: - The Mom Test - Talking to Humans
(The Lean Startup has a good section on this as well; if, like me, you haven't reread it since starting a company - I would highly recommend doing so, you grok so much more than when you first read it without any experience to ground it to.)
Once you have some intuition around your market and that your product is actually tackling the right problem. I would read Founding Sales (https://www.foundingsales.com/). I was recommended this book by a founder-friend who told me "Literally stop whatever you or your team is doing and take the next two days to read this book" and I'm glad I did that. The book has given me a solid anchoring, vocabulary, and makes a compelling case that founder-sales are fundamentally different than regular sales: regular sales are what happens AFTER you have a repeatable process, founding sales requires much more of a product mind to rapidly integrate feedback and live-iterate on the product.
From there, you'll realize you have two skills you really need to learn: marketing and sales. Broadly: marketing is about getting leads, sales is about closing them.
Marketing: There are a whole bunch of books and articles I've been recommended on marketing (Traction being one of top recommended ones). However, after having done a lot of this I'm not convinced that this is a good use of time as a founder. So much of what I've heard / seen is that your first few customers WILL be warm intros from within your network. So a better use of your time may be a LinkedIn subscription and to go through the network of: your VCs, any former companies you've worked at, any school you graduated and shamelessly ask for intros. A good article that popped up on HN recently was: https://stripe.com/atlas/guides/starting-sales. (Also, for the theory of marketing, I personally found Crossing the Chasm a solid book to contextualize what phase of selling I was in and how it might change over time.)
Sales: Is hard. The best advice I've received is: remember it's about them. Not about you. When someone is gracious enough to take a phone call with you, do not immediately pitch them. That makes it about you. Instead, ask them about their process and the pain point you address. This helps both: you discern if it's a real painpoint, them realize that they have / the magnitude of that pain. Two frameworks that have helped me are: - BANT: https://blog.hubspot.com/sales/bant - MEDDIC: https://www.lucidchart.com/blog/close-more-deals-with-meddic...
Also, something that's been really helpful here are mentors. Finding other founders who have successfully navigated from seed -> series A usually have good advice on how they did early sales (also, some sales people that have been at early companies have been particularly helpful, especially when they first acknowledge founder sales is a similar but different animal than they may be used to).
Other than that, there's only so much you can read, just go ahead and try it! I believe that a lot of this probably takes practice above all else, and you're not going to sell your product without talking to anyone!
Best of luck! I'm happy to talk to you about your product - and thank you for posting a question that's been on my and my cofounder's minds for weeks now. And, as I said at the top, I am not an expert--just another person trying my best to figure it out. I've already found a bunch of the other responses useful :)
I read it at a point in time for my startup when we had done as many Customer Discovery interviews as we could in our local market, and were trying to achieve a first sale or pilot project with customers in more innovative markets. The inquiry phase of solution selling connected with and reinforced the customer discovery process, but provided some indication of how to move forward, and cautions about moving forward too early with a proposal.
The key to sales is solving problems. You claim to have a product that addresses a large "potential" - what problem, and for who, does it solve? Can you measure the impact of the solution?
If you have a product that solves a problem, what is the least intrusive thing you can ask of a potential customer for you to identify if they perceive they have that problem, and if they recognize the impact of solving it?
If you cannot mutually identify the problem and impact of the solution, a prospect may only entertain your talkative nature to solve the problem of looking busy to their superiors.
Track the observable characteristics of your prospective customers that are the best indicators of if they have the problem you solve, or not.
Figure out how long it takes you to identify if they have the problem, or not.
It's 24 pages, so it's a quick read, and it's from the perspective of an engineer who has to do sales for the first time. A lot of the ideas are taken from Frank McNair's book "How You Make the Sale" https://www.amazon.com/How-You-Make-Sale-Salesperson/dp/B01G...
The other option is to get a job as a Sales Engineer, Customer Engineer, Solution Architect, etc. These are all pre-sales engineering roles where you aren't responsible for closing sales, but are exposed to the process. I know you're already an engineering manager, but Solution Architect is a very entrepreneurial role. IMO, it's a tough skill and tough process to learn by reading, so getting a job with real life experience could be worthwhile.
Also - sales is 1:1 conversations. Marketing is 1:many. That’s the easiest way to figure out the difference between the two.
Engineering or research work is never completed. We are always improving and perfecting the machine.
Closing needs to be thought of binary. This doesn't necessarily mean via contract. Good sales people will close the sale well before anything need to be signed. An expert sales person understands the customer's psychology and leaves them thinking of no other option than to purchase from you.
In technical sales it pays to be knowledgeable and understand the customer's objectives. But even smart buyers and not immune to subtle, and sometimes not so subtle, closing techniques. If you don't employ aggressive closing strategies at the right opportunities, your competition will beat you to it.
I worked in tech sales for couple of years and did just OK. My style was a little too far on the consultative side and I realised I lacked the killer instinct to close hard often enough. Possibly not all industries are as competitive as the one I was in (PCR equipment/reagents). But I decided my personality was just better suited to tinkering so I became a coder instead.
However, I would start by taking a look into concepts like building rapport, reflective listening, and active listening. You can even look to concepts like social engineering, e.g., priming, elicitation, etc. Most, if not all of these topics, are covered in various books on persuasion/influence.
Be careful though, as you can cross the line towards manipulation really easily easily. That’s not an inherently bad thing if the user wants/needs your product. However, it’s an entirely different story if you are persuading someone to buy something they don’t want/need. For example, a person who comes to buy a car would not be taken advantage of by selling them a car within their budget. It would be taking advantage of someone to persuade them to buy something that they didn’t ask for, was more than they needed, and was more expensive than they could afford.
Another example is the use of the principle of scarcity. While companies/people routinely pressure people into sales via statements like, “I can give this to you for 10% off, but your contract needs to be signed within 5 days due to our end of quarter goals” (yeah, I’m looking at you, Salesforce). The issue here, is that A) Chances are, they’re lying and you could get the same deal on day 6, and/or B) pressuring a customer, in my opinion, is a bit too close to making a light threat intended to spur anxiety in a customer. Everyone has their own levels of moral flexibility, though.
Anyways, I digress. Here are a couple of book recommendations: “Influence” by Robert Cialdini, “How to Win Friends and Influence People” by Dale Carnegie, and “Never Split the Difference” by Chris Voss.
Why? Because you will observe what works and what doesn't; you'll listen to what the customer says and understand what they're looking for; you know your product and will have great answers. You'll quickly hone your message and most importantly, you'll constantly adapt what you say to the next customer learning from the last. Basically, your sales pitch is going to improve exponentially.
Believe me, I've experienced this. As an engineer with no sales training, I agreed to help a friend sell his product at a week-long major "show". Turns out sales is just another system, a system with rules, which makes it an engineering problem to be solved.
Good luck!
Years ago, I only did software development and realized I was terrible at marketing. I tried reading and watching videos, etc. It didn't really change for me until I sold my consultancy and did developer evangelism at a little company. It was 25 people at the time but everyone was sharp and happy to teach and experiment.
Later when I realized I was terrible at sales, I tired reading and watching videos, etc. Again, it didn't change for me until I joined a company to do technical training to sales engineers & reps. After a year or so, via osmosis and following the best ones around, I picked up a ton and can now do the basics relatively well.
Yes, it takes times. Yes, it's frustrating. Yes, it's exhausting. But it works.
There's very little wiggle room in convincing someone who doesn't need a product that they actually do need it, unless the product is exceptionally good and solves at least some of the customer's problems.
I've found over the years that courses and gurus that promise you the ability to sell anything to anyone are mostly bullshit. Find people who know a lot about the product within an industry and learn from them. Pay them for their time if necessary.
All the books and suggestions could make you better. But if you've never sold, there's probably a 10% chance that you'll _ever_ be good at it. And if you had an interest, you probably would have done some SA/SE work earlier in your career - given that you haven't, your chances are probably lower.
Finding a good salesperson is also no easy task. Best advice is to recruit someone who has sold you something. You have the relationship already, and you know that they are able to build trust and win business.
Otherwise, selling is simple - just solve the customer's problem as if it was your problem.
What's really hard is marketing. And you will need marketing because marketing generates leads and without a stream of leads you can't do sales.
[1] https://training.kalzumeus.com/newsletters/archive/enterpris...
"Never Split the Difference" is good even if it leans a little hard on a single rhetorical device, and it offers really easy to practice stuff in an ontology that makes sense to engineering brain for every day life.
"Barbarians at the Gate" is borderline academic but unbeatable for understanding how all deals, no matter how big, are shaped by personalities and emotions. Huge huge time investment but worth it if you have serious entrepreneurial ambition.
I like the Sandler sales methodology as a simple and cooperative process.
Cooperative in the sense that you’re continuously moving closer to a signed deal _with_ the prospect’s commitment and understanding.
It helps you not to waste time with “tire kickers”. By focusing on a “pain” to solve. If someone wants you the spend your time with them educating them at length about your problem and don’t have a clear problem they’re trying to fix then stop immediately and get them to engage with marketing.
If you want to start selling on your own, I would have a goal to talk to at least _x_ people per day about your product. Ask questions more than you talk at them. A LOT of people will think that you’re crazy, but some will entertain your ask and might even give you useful information.
If you want some help, you should hire (or ask) a salesperson and go out on cold calls/pitches with them. Observe more than you speak.
As far as books go, “The Little Red Book of Selling” is a classic along with “Spin Selling.”
Last thing I’ll add here: if conversation with people that you don’t know is difficult for you, that is the first thing I’d focus on. People need to trust you to buy from you; that trust is built through rapport. 2020 is a terrible year for this since the best way to practice conversations is through meeting people outside, but when things stabilize, I’d go to Meetups, conferences, and the like and try to meet x people per day, just like the goal above.
Source: Me selling myself when pick-up artistry was a thing, then using those same skills when I built my (failed) startup. Eventually landed me jobs in consulting.
- Sales is a numbers game that requires touching 'x' per day to achieve 'y' results, ideally by phone and not email. For a busy founder plan on 20 outbound calls per day. Email, marketing, automation, in-person... all great, but nothing beats a quick phone conversation. There are workarounds for that phone call outside the scope of this brief reply.
- The first few sentences of your sales pitch make or break. Research your clients pre-engagement to understand how your product can really help -- in their vernacular. The qualification/Q&A usually suggested is fine, but it assumes your prospects have the time and inclination to follow your sales workflow.
- Prospects who tell you they are interested AND who do what they say they will do are worth continued effort. Break contact (move to nurture) prospects who say one thing and do another & expend more time on outbound calls.
The only metric that matters, aside from # of outbound calls per day, is actual sales. I do look at proposals, engagement, website stats, etc., but for reasons outside the scope of this reply I've come to learn after 20 years that near real-time factors outside your control drive many buying decisions in ways too difficult to reliably measure.
Selling an EMR to a hospital, selling pharmaceuticals to a doctor, sell used cars, selling insurance at circuit city, or selling customer software development are all sales jobs but put someone who is successful at one into another job and very likely they would struggle.
Even selling software is very different. Some important attributes to consider are
"who you are selling to?" Selling to Walmart is very different from selling to Joe who runs his own plumbing company. They make decisions differently, what they care about is different, how many people you need to convince to make a sale is different.
"how much does what you sell cost?" This will determine what sales strategies are viable. If you are selling something that is $100 sales is closer to "marketing will tell you to give me a call" vs selling something that's $100,000 will allow you to pursue more hands on strategies.
"why would someone buy your product?" The big reasons people buy things are to drive up revenue, drive down cost, or reduce risk. How and who you sell these things to differs.
It depends on who you're selling to; it seems like you might be doing more enterprise/b2b sales?
Starting in the early aughts I transitioned from being solely technical to having been a key stakeholder (either as a Solution Consultant equivalent, Account Manager, Product Manager) in selling millions in professional services and saas offerings in enterprise b2b sales. I've also created products that lead to and millions in direct to consumer sales. (I get that this isn't a LOT compared to some folks, but I've been exposed to the problem space for a while.)
If I had to start all over again, I would start with the Value Selling Framework. While I've mostly aligned to this any time I've sold things they get a few key things right that make it so much simpler to sell once you understand how you provide value to your customer. It also addresses identifying key stakeholders and ensuring you're talking to the right people.
If you're selling direct to consumers with no conversations to allow for problem/needs discovery, you can still use this. You'll know what you need to do to address the value your offering provides and common objections in your sales collateral.
Finally, if you are selling to businesses, it's important to understand your customers BUYING process. Certain level of expenses require different levels of signoff, so you can get more business sometimes just by lowering your prices a few dollars because it doesn't require a more arduous approval process. Certain features in your product may make the buying process take much longer. Understanding this at the outset can be key to sales success.
Good luck!
You have two ears, one mouth. Focus on what your potential customer needs, their problems, pain and goals, and how your product can help. It will help you get out of your own head.
Don't take rejection personally. If you can't sell the product then you can at least sell yourself as someone trustworthy, friendly and helpful.
Remember that people are not purely rational, and often have hidden motives, biases, and incentives. You may win or lose a sale on factors totally out of your control, or because of reasons that are not at all clear on the surface.
Charm is a real thing. I can think of a few times I've bought something solely because the salesman was doing SUCH A GOOD JOB of making me feel special, cared for and considered. Even consciously recognizing what was happening didn't change that I wanted the experience to run through to its natural conclusion and to complete the ritual.
Something interesting I found reading Caro's LBJ biographies is how much of a Jobs-like Reality Distortion Field the man had. People who worked with him describe how he'd wind himself up mentally and emotionally while working on an issue. He'd hit some inflection point where he truly believed whatever he was selling, even if he'd been very opposed to it only shortly before. Once he was there, the emotion and energy would overwhelm resistance and he'd get his way.
I'm not saying either of those men are to be idolized, but they do reveal something about the power of exposing your emotional side during a sale. I mention this because you said they can bog you down. Consider how you might turn that to your advantage.
Also, it's debatable whether being talkative helps sales. Listening is far more critical.
A sale happening or not depends almost exclusively on whether you can get your counterparty to trust and like you.
The first thing you should focus on is improving your emotional intelligence as this is pretty much the only skill that matters for a successful sale.
Although tons of people believe that you are either born with it or not, I think that EI is highly trainable (unlike IQ) and progress in learning it is scientifically measurable. (except if mental conditions are present like autism or psychopathy)
You probably want to start with doing the EQ-i test to find out where your gaps are. Specifically the metric on personal relationships is highly relevant to improve as soon as possible.
Then you can read great negotiation books like never split the difference and books on sales like the challenger sale.
The theory is not really useful until you've mastered the basic EQ to understand how to execute them.
Cultivate a following, and they will follow.
And don’t lie, when they ask you to sell you a pen, ask if you are in the market for a pen, and what company you represent and what pens you have to offer. Never lie about the pen being in space, everyone knows scummy sales people lie.
Marketing in 1-to-many. Sales is 1-to-1. So sales generally only makes sense in the context of B2B, not if you are selling $30 B2C software.
Sales isn't that hard (afterall sales people can do it!). Talk to the right people, find out what they want, ask for the sale (if appropriate). Don't take it personally if they don't buy.
I think when most people hear the word sales, it usually has an adverse reaction. Someone mentioned here that being a consultant is a good way to approach it and I've found that to be true.
I've recently heard of a great acronym that helps you think of how to approach sales: S - Serve - go in w/ a service mindset A - Ask questions - don't go yapping about your offerings just yet. Find out what their pain point is. This way you know what to offer and what to skip L - Listen intently. I think a lot of times, I'm very guilty of "waiting to speak" vs listening. E - Emphathize - with the customer and their pain. This is why they are coming to you. S - Summarize in your own words what you heard.
Then you can "do your thing"
So I'd suggest you keep it REALLY simple to begin with, don't worry about the differentiation between channels and direct, marketing versus customer success etc. Talk to a few sales people you know selling in similar markets, or best of all, ask some potential customers you know to recommend sales people they like working with. Approaching a sales consultant for a free consult could work, but be careful to protect your intellectual property at this stage, and be aware that many sales consultants have a single area of expertise, like for me, it's B2B sales. If someone asks me about B2C, I'll have an opinion, but there would be much better people to talk to than me! If you're planning to bootstrap initially and aren't working with investors, don't think that precludes you from approaching VC funds to ask for advice or attending briefings in incubators, and building a relationship before you actually want investment is a really good idea too. An amazing source if advice is other founders / entrepreneurs, many of whom (as long as you pick wisely) will actively make time to help other entrepreneurs if they feel they can help you.
Practice Sales. Do not just read about it.
It is just like software engineering, if you only read and do not type, you will not be able to connect the dots. The brain has a way to learn and it is through doing. Remember, there are way more people you can sell to (assuming even a few are willing to buy) than you think. Even if the first 500 people have super low conversation rates, do not worry. There are perhaps 50K more people for a niche idea.
It does not matter what strategies you apply - but be persistent, and measure the results. Keep making small experiments and see for yourself. Put them in a Spreadsheet if you have to. Everything from timing of a message or email to the description of the person (on Twitter) you are reaching out to matters. And do not feel SHY or awkward to sell. Engineers really suffer from this. Do not push, be when you know your solution can really help, then ask them to try it out.
Cheers!
1. The ability to take a NO without getting burnt out. Try to keep the emotion out of a sale as much as possible, even though it's your company and product. 2. The ability to have a sense of humour and make conversations enjoyable. No one wants to talk to a sales guy who is boring. 3. The ability to understand when have you earned the trust of your customer. Essentially your customer has to be comfortable talking to you and one of the best signals for earning positive trust is how much your customer makes casual funny comments or small talk. 4. Once you've earned your customer's trust - a sale is more or less guaranteed. Once you've learned how to earn trust - I mean once you've cracked that algorithm it's rinse and repeat.
To get started: 1. Make random conversations with people of your customer's persona either at events, through cold calling or cold emailing and be very very sensitive to the pulse of people you talk to. Do they engage in conversation, are the conversations ending with one words rather than continuations. 2. Have a very precise pitch of what you are selling. Pitch the customer once they are relatively in their comfort zone. 3. You won't be able to sell to busy execs SVPs and above - no matter how good you think you are. So it's better to reach out to someone in the lower rungs of the ladder. 4. If you play golf or some sport where decision makers hangout it'll certainly help to make conversation. 5. Sales is typically a male dominated field unfortunately. So you have to be conversant in sports/politics of that region to make some headway.
To summarise, sales is all about making conversations and earning someone's trust. It has very little to do with 'what' you are selling.
We kept crafting our message over time, using email and cold calls, and used a lot of copywriting books to find messaging and pitches. I think the best one was The Copywriter's Handbook. Straight and to the point book. It's more about advertising, but messaging is key for sales, too. A headline is basically your elevator pitch. I think we also used the book Spin Selling.
Whatever culture you are building for you company should be adaptable to your sales org as well, so I'd say you start there. Work the opportunities yourself, start tracking them in a spreadsheet, do write-ups for the company about the wins and loses, and use your founder hustle to get started. It won't be as daunting as you think.
All the book recommendations in the thread are solid.
I think that selling, especially the selling you’re talking about has a lot to do with mindset. I am also an entrepreneur and I have found for my own sales process that mindset and a bias toward action have produced more results and a more comfortable, natural selling style that fits me personally rather than trying to sound like someone else or use someone else’s techniques.
For this I highly recommend “sell or be sold” by grant cardone. Ignore the macho bravado, and take the mindset of sales that he has. Really helped me a lot in selling myself and selling my company rather than selling a product (although it la good for that too). I also recommend “if you’re not first you’re last” and “the 10x rule” also by grant cardone. Good luck!
For sales motivation, I love the "Little Red Book of Sales" (https://www.amazon.com/Little-Red-Book-Selling-Principles/dp...) for when you need to kick you own behind...
Be willing to explore your curiosity for the problem(s) your product will be solving, and the natural/unnatural impact interacting with you and your software has on these groups of very real people, who cooperate under the conceptual guise of “Companies”, who you will call “Customers”.
Be careful about the temptation to confuse the very empty sweet/salty snack-bite sized “this is how sales works” mantras put out by all the pundits on twitter. Most of them are 10% truth, 90% “look at me”.
Talk to real people who have spent meaningful time in their careers in Sales and Sales leadership in the space you’re interested in.
All the best. Try out a lot with short feedback loops so that you can course correct suitably. Always respect the customer and their needs.
Founder sales is very much marketing+ sales. As much as you're selling the product, you're selling yourself. Chances are the early adopters who are going to buy your product are actually buying into your vision and YOU!
I think the question you're asking is how to get the market responds to your product aka product market fit. In the early days, sales is about understanding the market, finding your early adopters and let them help you shape your product. I would recommend you reading "Crossing the Chasm: Marketing and Selling High-Tech Products to Mainstream Customers".
I like HubSpot for tracking / metrics. They have an always free tier too.
Check it out here: https://salesforfounders.com/
Once you have success with early customers then you can think about formal sales process etc.
Another consideration is to find an equal cofounder who is a superb hustler. Hack + hustle = win.
We've implemented Strategic Selling see https://www.amazon.com.au/New-Strategic-Selling-Successful-C... which provides a great structure for us and a unified language inside our organisation.
Maybe not as useful if you're just trying to get started but does provide a structure to understand the sales process and why a sale closes or doesn't close.
I have many years of sales, operations, business and finance experience in the Internet infrastructure industry. I'm an engineer by training, albeit from two decades ago. I want to partner with highly technical co-founders to build and take a product to market.
I had earlier tried routes such as going to Meetups but with the COVID-19 situation that looks not feasible. I would like to meet technical people interested in areas such as 5G, hybrid multi-cloud, Blockchain/Cryptography, IoT, Machine Learning etc.
My email is in my profile. Please contact if you are interested.
https://www.amazon.com/Building-StoryBrand-Clarify-Message-C...
Also depends on your target client base. Are you targeting a large general market or a specific type of market? If it's specific, be ready to do one-on-one sales pitches and be wary of potential clients that may want you to pivot your product away from your strategic goals.
Try selling a product, it doesn't have to be related to your current concern. If you're willing to put in the work, canvassing door to door might be the best way to learn. You can see your audience's reaction immediately. There are subtle details you'll miss when selling in other mediums. Nothing will help you understand consumers better than talking to them in person.
After going door to door, writing sales copy and understanding your funnel will be much simpler. From there you can use your technical mind to optimize the process with multivariate testing etc.
- up to 1000$, engineer can directly orde - up to 10k manager needs to get involved - 100k manager manager needs to get involved - above 100k CEO, and if government than official request for tender needs to be issued
Depending on what tier you are different approaches and different time frames need to be considered.
For me everything above 100k needs around 2 years from the moment the customer (who will later use it) says: 'this is great, we need that' to the purchase order beeing on the table.
Today we would call it Corportae Blogging.
I created a product, a blog CMS (very poor on the M) and wanted to convince companies of SEO and blogging. Non of it where anywhere on their radar.
And 0 sales experience from my side.
I fail and realized I needed sales experience. So I applied and became a key account and a slazy company which sold crappy websites to estate agents.
Worst job ever. Learned a lot.
If you want to really learn sales, start selling. Just change your job for a while.
1. find out who your users are, and go talk to them
2. your marketing usually will fuel your sales
3. you'll do a lot iteration with 1&2
4. figure out how long your sale cycle will be
5. Usually sales is a full time job, so delegating it to someone might be useful
Advice in this thread is pretty good. im gonna need to write about it later here to remember: https://www.whatwhatgoose.com/product-management
I'm still working through it, tbh. It's helped a bit, but YMMV, as the saying goes.
Not because of the info, as it's as prescritive as such a guide could possibly be.
It's just because of the nature of selling stuff.
* The successful B2B sales folks I’ve encountered aren’t what the general public would deem your typical salesperson. They listen more than they talk. They’re looking to help. They aren't pushy.
* You can’t control whether someone says yes or no or even if they respond. Figure out what you can control (whether or not you ask, how many people you reach out to, etc.), and focus on that. The other stuff will follow.
* Predictable Revenue has been mentioned. It’s a good ideal to strive for. I’d argue it’s overkill for a company in its infancy. For a new business, I’d suggest something simpler. Find about 100 potential customers, reach out to them, talk with them, and see if there’s a fit. Go from there.
* Sales is solving problems. What problem(s) do you solve? What problem(s) do your potential customers have? Is there a fit? “You can get everything in life you want if you will just help enough other people get what they want.” – Zig Ziglar
* Some folks to follow on Linkedin Sarah Brazier: https://www.linkedin.com/in/sjbrazier/ Sam Nelson: https://www.linkedin.com/in/realsamnelson/ Sahil Mansuri: https://www.linkedin.com/in/sahilmansuri/ Scott Leese: https://www.linkedin.com/in/scottleese/ Trish Bertuzzi: https://www.linkedin.com/in/trishbertuzzi/
* The Entrepid How to Sell pdf is making the rounds, and for good reason. It’s solid. Here’s the link again: https://static1.squarespace.com/static/57daf6098419c27febcd4...
Anyways, this is my $0.02.
Some great tactical recommendations have been made here, but the author who got me to re-think what sales was and to see it as honourable and helpful was Zig Ziggler.
His books are old-school, but reading them will make you enjoy selling.
I'd recommend "Secrets of Closing the Sale" to start, but all of his early work is good. His later books get a bit self-helpy.
I don't think one book or guru can give you all the answers. You pick things up along the way by learning and doing.
Couple of my favourites:
1. “When someone says no, I ask the same question a different way.”. Ryan Serhant 2. Sales is a process and when you don't have a process you have a problem. - My Co-Founder 3. You have to listen more than you speak, you have two ears for a reason
Bonus - Sell the sausage, not the sizzle.
So just go about doing the usual sales thing of describing your product, finding prospects, and talking to them. A lot. I think density of rejection is actually key to thickening your skin.
I've been in some form of programming for 30 years. I know myself well enough to know I couldn't sell water in the Sahara desert. I just don't have it.
I can recognize good sales people, though. They are much less "true/false" in thinking than a good programmer. I didn't realize it for quite a while, but it's a symbiotic relationship-- programmers need sales, sales need programmers.
Good luck.
It’s the worst kind of sales, but it teaches you the sales process, and most importantly it’s humbling when someone you consider intellectual inferior outperforms you time after time. Sales is not about intellect, it’s about building relationships and solving problems.
“Selling, to be a great art, must involve a genuine interest in the other person's needs. Otherwise it is only a subtle, civilized way of pointing a gun and forcing one into a temporary surrender.” -- Percy H. Whiting
https://jake-jorgovan.com/podcast/127
In a text form:
https://jake-jorgovan.com/blog/the-lead-cookie-sales-playboo...
Partnerships!!
Key strategic partners for distribution, sales, brand, advertising. They are the highest ROI on your time by a long shot.
Big partners will negotiate for a Large cut. This is a cost you can absorb early on because the scale effects of partners set you up for success in 6, 12 months.
Email me if you'd like to know more :-] charlie@vannorman.ai
How to enable "winmove" ?
https://www.amazon.com/Millionaire-Real-Estate-Agent-About/d...
Book: To sell is human. Daniel Pink
You will find that #2 applies to MANY aspects of life. Good luck!
Great answers here but I feel the most important aspects were not covered.
I'm happy to jump on a call to help. I find this to be a very interesting problem.
I've worked along side sales for years and helped startups define their sales strategy.
Maybe I can write a blog post if we chat goes well for others to read.
An example of a great concept from this book that has shaped the way I approach things: You've heard of the concept of closing, where you ask the customer to buy the product. Spin selling extends that concept in the realm of a longer sales cycle that involves many steps such as demos, consulting sessions and so on. Every interaction you have with the customer has some desired outcome that eventually leads to the final sale. For example, your initial contacts with the prospect, the goal of those initial interactions is to get the demo scheduled. Or perhaps it's to introduce you to someone closer to the decision maker. In each interaction, you keep a goal in mind and close towards that goal.
Three other books that were amazing and formative for me are below. These aren't about sales in particular but about making your own business in general, which includes sales in various degrees: 2. Good to Great 3. Crossing the Chasm 4. The E Myth
Also an honorable mention goes to this book, which is more about marketing than sales: Winning Through Intimidation. The book isn't actually about intimidating people, but it's about branding, image, and approach. Despite the evil sounding title, it's an amazing resource.
[1] https://www.amazon.com/Spin-Selling-Neil-Rackham/dp/05660768... [2] https://www.amazon.com/Good-Great-Some-Companies-Others/dp/0... [3] https://www.amazon.com/Crossing-Chasm-3rd-Disruptive-Mainstr... [4] https://www.amazon.com/Myth-Revisited-Small-Businesses-About... [5] https://www.amazon.com/Winning-through-Intimidation-Victor-B...
Try selling a 100$ bill to someone. You could say something like "Hey man, I can give you a really good deal on this 100$ bill, you interested?". "90$?" "I can give you an even better deal! 75$ bucks and this 100$ is yours!" "Ok, sure."
That's sales. The 100$ bill is be the product you're selling and all it takes is for the buyer to see it like that.
Referral from our investor—pete is a great entrepreneur, very funny also
I’ve sold everything from $500 a month CRMs (our 2nd venture) to 120k website projects, marketing campaigns, consulting, etc.
I’ve generated over 500k of revenue in my life, not a top 1% salesperson, but decent and on track. Next I’m trying to learn how to manage a sales team.
If you wanna get traction read: Traction by Gabriel Weinberg. If you wanna learn sales the easiest thing I would say to do is just start. Practice, go find something you believe in and do it. Get good at learning common problems on what you’re selling and showing people the Solutions as well as how to listen to them.
Make no mistake it’s definitely a skill like coding that anyone can learn if they tried it just takes a lot of patient and effort, but once you get past being emotional and caring so much on every detail it can be fun.
In terms of what to track it all depends on what you’re selling -but the basics would be: 1. Calls made 2. Where clients are in the pipeline 3. Revenue generated this month.
In terms of books you can google those, I think you should simply pick 5 and dive in, those 5 will help you find the next 5.
https://www.youtube.com/watch?v=ejA0wKTRHH4
Presentation shown to new Mercedes salsman in the late 1980s and early 90s. Covers lots of sales tips and techniques to help put the customer in the driver's seat of a new Mercedes.
Sales for a startups depends of course of the product b2b vs b2c is one dimension and venture backed or bootstrap is another.
For b2c I would recommend lean startup (the product should ideally sell itself / marketing is key)
For b2b you need a list of contact and you need to reach out it’s a volume game to conversion like in b2c the difference is “you are the add” you should equally test different message and tweak them and the product for conversion (assuming the product is good)
Venture capitalists / angels also need a sales pitch. The pitch is closer to a story telling each of them is expecting something different and the beat way to get in is via warm intro (works also for b2b)
Nothing mind blowing here as on how to train for it I would suggest to join a software company and do sales (b2b or b2c) it’s easier to start with a known sales pitch and a known product / market than having to work on figuring it out on the way.
I will end with a funny comment yet important I think it was from union square venture who said to be careful to invest in a startup with a great sales person as it might send a false positive on growth (startups especially b2c should grow via marketing not direct sales as for b2b if the founder is an amazing sales person it might be hard to scale that)
Hope that helps
1. The key to selling is listening. Your goal is to listen for buyer requirements and then to support them actively with specific products features that meet THEIR needs. (Certain features of your product that your company is proud of, but your prospect is not interested in should never be dwelt upon. Don’t sell features not needed; it shows you’re not listening.)
2. Few products are sold if the customer has nagging objections. It is the job of the salesman to elucidate those objections, which may be guarded or hidden, and to handle them, showing they are either actually unimportant in real operation, or that the product handles the objections in operation.
3. Elucidation of objections is done by open probes: questions that do not have a yes or know answer.
4. Every salesperson must at some point explicitly ASK FOR THE ORDER. Not ASKING FOR THE ORDER is bullshitting with the customer, not selling.
5. There are various ways to ask for the order in a non aggressive, non-confrontational manner. This is called a TRIAL CLOSE. Natural or experienced salespeople are fluid and good at this; rookies need training hence the sales course.
6. At some point, the prospect may give a buying signal. Behavior is very important at this point. The customer must be subtly or not so subtly be supported in his putative decision. Some concrete auxiliary act, such as writing up the order, discussing installation or delivery terms, opening a customer account, even initiating a credit verification, is often done to CLOSE the sale.
7. A good salesperson NEVER SELLS A PRODUCT TWICE. Once the buyer indicates he will order, all product discussion must be kept to an absolute minimum, and engaged only if new objections, perhaps from others in the organization, surface. Sales are lost when a salesperson incorrectly gushes on about his product, only to himself open up new questions and objections inadvertently. It use to be that salespeople did a lot of qualification: finding out precisely who has the authority to buy. This is still very important. But you may have to sell one or a number of technical people, with the decision made by a committee. Every situation is different.
8. Every race, gender, creed, body mass index, personality, and social style can be successful in sales. Sales is a professional activity, not a personality. You can forget all the snickering and stereotypes about “salesmen” right now.
9. Finally there is the urban legend of the highly successful, wealthy salesman, who, in each call would initially be so nervous he would drive around the block 3 times before having the temerity to park and enter the reception area. For 25 years. Keep that in mind and happy selling.
Solution Selling by M. Bozworth
Try to convince some kid to give you a dollar for saving other kids from whatever. From zombies?
There are two schools of thought, one says "work on your weaknesses", another says "play to your strengths". As I get older and gain more experience, I'm firmly in the second camp. Learn enough sales to have a good bullshit detector, though.
Try, a lot. Saying thin without a slightest note of sarcasm