5 Steps to Creating a Lead Gen Machine & the Predictable Rev that CEO's Love
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5 Steps To Creating A Lead Gen Machine & The Predictable Revenue That CEOs Love
Twitter: @brianjcarroll @motoceo
Twitter Hashtag: #b2bleadgen
Sponsored By:
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From A Salesforce.com Alum:
5 Steps To Creating A Lead Gen Machine & The Predictable Revenue That CEOs Love
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About Aaron Ross
• High school coding geek (NASA)
• Stanford Undergrad + GSB dropout
• CEO of LeaseExchange: ‐$5 Million
• Ironman Triathlon, Boulder Outdoor Survival School
• Created Salesforce.com’s Inside Sales Leadgen Team (& $100 Million In Recurring Revenue)
• ‘Entrepreneur‐in‐Residence’ at Alloy Ventures ($1B)
• Author, “CEOFlow: Turn Your Employees Into Mini‐CEOs”
Now: I consult with companies on creating predictable revenue & sales.
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Created A $100M Inside Sales Team At Salesforce.com
A“Cold Calling 2.0” process and team that helped increase recurring revenue for Salesforce.com by $100 million & grew F5000 bookings by
more than 60%
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And Years Of Consulting/Advising
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“Build A Sales Machine” Client: WPromote
Michael Stone, VP Sales, Wpromote
#1 ranked Inc500 Search Marketing Firm:
• “Working with Aaron Ross has been nothing short of amazing…
• His methods produced a profitable and scalable new stream of predictable revenue.
• We saw at least 40+% new business growth.
• Deal size is still growing.
• We’re getting in the door with big brands like Overstock, AT&T, IBM, etc. – people that would have never come to us.
• The best part is, we had a blast while doing it!”
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Book Coming Fall 2010: “Predictable Revenue”
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Register for a free excerpt at:BuildASalesMachine.com/book
Early reviewer comments:“entrepreneurial crack”,
“I couldn’t put it down”, &“freaking awesome”
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A Wave Of Change
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What Works In Sales Has Changed
All salespeople prospectABC / Always Be Closing Measure activities (Dials)
Cold callsManipulative selling
CRM hurts productivityLong letters & emails
1.0 2.0Dedicated prospecting teamIs there a mutual fit?Measure results (qualified leads)Research, referral callsShort and sweet text emailsCRM multiplies productivityAuthentic selling
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5 Steps To A Lead Gen Machine & Predictable Revenue…
1. Discover Your ‘Unique Genius’
2. Distinguish Your Leads: ‘Seeds, Nets & Spears’
3. Specialize Sales To Ensure Every Lead Gets The Attention It Deserves
4. Build An Outbound Sales Machine (Cold Calling 2.0)
5. Become Indispensable To Your CEO
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STEP 1
Discover Your Unique Genius, “Your Purpose, Translated Into Customer Success & Trust”
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What Is Your Purpose, & How Is It Different?
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Customer Trust => Extraordinary Growth
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Unique Genius Attracts Results
1. What is your purpose that is bigger than you?
– If your company is on the cover of BusinessWeekfor changing ____, what did you do?
2. Do you only say it or do you LIVE it?– Salesforce.com “No software”
– Zappos: “Provide the best customer service possible”
– Google: “Organize the world's information and make it universally accessible and useful”
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Forget About What You “Do”
• Customers care less about what you do than the results you create
– “We are the leading application platform for widget integration on the social graph…blah blah”
• My example: – “I am a sales & management consultant” vs.
– “I help companies create predictable revenue” & “I help leaders turn their employees into Mini‐CEOs”
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Homework
• When someone asks “What do you do?”, pretend they asked “How do you help customers?”
• What is your Ideal Customer Profile?
• Talk to your customers & ask them:– What difference have you made to them?
– Why did they do business with you?
– Why do they continue to do business with you?
– Why would they refer others to you?
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STEP 2
Distinguish Your Leads:“Seeds, Nets & Spears”
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Distinguishing Lead Types
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Distinguishing Lead Types
•Lower volume•Highest value/lead•Harder to increase
•Higher volume•Low value per lead•Easiest to increase
•Lower volume•High value per lead•Medium work to increase•Grew Salesforce.comRevenue 60%!
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___ Website Visitors
___ Leads(Registrations)
___ Qualified Leads
___ QualifiedOpportunities
$___ Pipeline
$___ Bookings
__% Conversion
__% Accepted
__% Converted
$___ Avg /Oppty
___% Close
SALESDEVELOPMENT
SALES
MARKETING
Sales Cycle Length ____
__ Lead Qualification Reps per __ Leads per Month
__ Account Execs per $__ Pipeline per Month
Cost per Lead$___
Example Nets Funnel
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Add Target Accounts
Add Contacts
__ Call Conversations
Example Spears Funnel (Cold Calling 2.0)
__ New Opportunities
__ Closed Deals
Prepare
Prospect
Begin SalesCycle
Work Responses (9% Response Rate)
__ Demos/Appointments
Define Ideal Target Profile
Send __ Cold Emails / Make __ Mapping Calls
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STEP 3
Specialize Sales Roles To Ensure Every Lead Gets The Attention It
Deserves
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Layers Of The Onion
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Critical Success Factor: Specialize Four Sales Functions
“Outbound”
Customer SuccessSales
FrontlineSales
Organic & Marketing Leads
“Inbound”Qualified Opportunities
New Customers
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3 Keys To Making Contact
1. Train salespeople to be “business people who can sell, not sales people”
– Use role‐playing
2. Keep initial emails/vmails short & relevant– Make it about giving them value, not about you
– If they pick up: “Did I catch you at a bad time?”
3. Propose a specific time to talk– Wrong: “Reach out when you have time”
– Right: “Are you free Thursday at 9a PST?”
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6 Step Qualification Call Agenda
“Did I catch you at a bad time?
1.Introduction (SHORT)
2.Be curious
3.Current challenges?
4.Position your solution
5.Probe/confirm/qualify
6.Next step recommendation
Total Time < 20 minutes26
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The Simplest Ways To Nurture Leads
• Two SIMPLE options that require < 4 hours– An email newsletter (email out your blog posts)
– Hold a monthly webinar (or teleseminar)
• Guidelines: – Share your expertise ‐ TEACH them something beyond your product
– How can you help them do their job better?
– Be interesting / authentic (don’t be boring)
• More trust = more sales
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STEP 4:
Build An Outbound Sales Machine(Cold Calling 2.0)
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You’ve Been Doing It Backwards
Cold Calling 1.0
1. Cold CALL
2. Cold Email
Cold Calling 2.0
1. Cold EMAIL
(9% response rate)
2. Warm call people who respond (internal referrals)
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Prospecting Emails: Less Is More
1. You can get a 9%+ response rate asking for referrals
2. State simply why you are reaching out –and be honest! (In every way)
3. Make the first email SHORT & SWEET: easy read & respond to on a blackberry
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BuildList BuildList
Run EmailCampaignsRun EmailCampaigns
Sell TheDreamSell TheDream
Pass TheBaton
Pass TheBaton
Generate Internal Referrals
Connect Their
Need To Your Solution
Seamlessly Handoff To Quota‐Carrying
Salesperson
Import Into
Sales/Marketing Systems
5‐Step Outbound Process
IdealCustomerProfile
IdealCustomerProfile
Highest Revenue
Potential & Close Rates
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STEP 5
Become Indispensable To Your CEO
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Law Of Reciprocity
• If you work to make others successful, they will work to help you succeed
• Do you know what’s important to your CEO? – It’s not leads
• All quality CEOs care about:1.Money (Revenue, finance, metrics, investors)
2.People (Attracting, developing, turning them into Mini‐CEOs)
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CEO Sweet Spot
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The CEO Is The Pebble In The Pond
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What’s The Value Of…
• A clear, step‐by‐step plan to create predictable revenue?
• The ability to repeatedly source sales‐ready leads from ideal clients who aren’t calling you?
• The ability to attract and develop driven sales talent?
• Peace of mind and freedom of predictable results and self‐managing systems?
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Contact
Best address for speaking, consulting or partnering:[email protected] or [email protected]
(My personal email: [email protected])
Thank you!
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