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The Sales Funnel®


        by
     Ray Leone
You can take it easy when you become
    a Sales Funnel® Salesmaster




                                 2
History
Good News
I have no talent
Skill
Not Talent
             5
Ray Leone’s Sales Funnel®
   Matching modalities, spatial
  selling, monetizing, the WITY,
three-level questions, land mines,
   deficit questions, latent pain,
 buyers grids, DISC, resonating &
position statements are what Sales
     Funnel selling is all about
.It is a 3 dimensional,
scientifically designed
  process that is not
      dependent on
      guesswork or
         intuition
It is a system that is
teachable, measures skills,
allows the effectiveness of
  the presentation to be
monitored as it is given, and
   dramatically increases
      closing averages.
Compass Case Study
Closing average 14%
  to 60% first year.
  Currently closing
   average is 71%.
Retain 97%
Managed volume
 from $800,000
       to
    $13 Billion
Top Down Commitment
• They have not changed
  process for 17 years.
• Aware – Understanding
• Competence - Mastery
How do we do it?
• Follow the process
• Recruit & retain winners
• Increase account
  retention
• Sell achievable results
Recruit
TriMetrix Benchmark
 When in doubt,
  don’t hire.
Recruiting Top
        Talent
We hire great attitudes
 and teach them the
   skills they need
 Herb Kelleher –Southwest Air
Great salespeople are
 scarce and getting
       scarcer
    Teaching Sales HBR
We are filling that need
SAP Study
It cost $678,000
  every time we
    lose a top
   salesperson
Recent article from
   Harvard Business
   Review discusses
    techniques we
developed years ago as
        new         17
Solution Selling
       is
  Commodity
    Selling
Solution vs Insight Selling
         • Solution

• What need is customer
   seeking to address?
          • Insight

What unrecognized need
  does the customer
Sales Funnel®
We have always done
       that.
  It is called Deficit
Questions that uncover
    latent pain
Learning is Fun

Please stand up
Deficit Questions
• What is your knowledge asset to
  book value ratio?
• How does your engagement
  index compare to the global
  average?
• How accurate is your success
  probability formula at predicting
• How many of your contracts are
  based on a single relationship?
• What benchmarking process are
  you using to assure that new
  hires will perform at a high level?
• Can your sales team deliver the
  agreed upon responses for the 5
  major objections?
We do not puke!!!
• Solutions to problems are
  easy. The real skill is in
  accurately defining the
  problem.
• We differentiate ourselves by
  providing a better solution to
  a more well defined problem.
Solution vs Insight Selling
          Solution
Engage after a customer has
   identified a problem.
           Insight
Engage before the customer
  has identified a problem
Orgs need to fundamentally
  change how they teach
  sales – Corporate Executive Board
  •You are ahead of
  the competition if
    trained on SF
Reps must engage
 customers well before
     customers fully
 understand their own
needs. To win, you’ve got
to get ahead of the RFP.
                    RFP
                       27
Sales Funnel®
  Requires
engagement
   pre-RFP
• Customers no longer need a
  salesperson to learn about a
  company’s offering or to
  place an order. Sales now is
  more about helping
  customers define the problem
  they are trying to solve and
  assemble a complete      29
Chally Group discovered
 that 39% of B2B buyers
select a vendor according
    to the skills of the
 salesperson rather than
price, quality, or service.
                         30
A recent CEP study of more
 than 1,400 B2B customers
found that they completed
   nearly 60% of a typical
purchasing decision before
even having a conversation
      with a supplier.  31
Traditional reps are at a
 distinct disadvantage in this
environment, a select group of
      high performers are
  flourishing. These superior
reps have abandoned much of
   the conventional wisdom
taught in sales organizations.
                            32
They seek out a different
    set of stakeholders,
preferring problem owners.
Coach those problem owners
 on how to buy, instead of
  following the company’s
     purchasing process
                        33
These sales professionals sell
 differently. This means that boosting
      the performance of average
      salespeople isn’t a matter of
 improving how they currently sell; it
  involves changing how they sell. To
accomplish this, organizations need to
   fundamentally rethink the training
 and support provided to their reps.
Deal Analysis
• Fishbone timeline
• Buyers Grid/WITY
• Must win issue/Triggering event
• CBI/Dollarized impact
• Next step
• Murder Board
                                35
Success Formula
• Identify CBI – Critical
  business issue
• Link your solution to the
  impact on the CBI
• Monetize the value of that
  solution                36
Success is no accident
• Commit to the process
• Practice
• The process will not
  abandon you.
Have your best
  year ever.
Thank you

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Ray leone

  • 1. The Sales Funnel® by Ray Leone
  • 2. You can take it easy when you become a Sales Funnel® Salesmaster 2
  • 4. Good News I have no talent
  • 6. Ray Leone’s Sales Funnel® Matching modalities, spatial selling, monetizing, the WITY, three-level questions, land mines, deficit questions, latent pain, buyers grids, DISC, resonating & position statements are what Sales Funnel selling is all about
  • 7. .It is a 3 dimensional, scientifically designed process that is not dependent on guesswork or intuition
  • 8. It is a system that is teachable, measures skills, allows the effectiveness of the presentation to be monitored as it is given, and dramatically increases closing averages.
  • 9. Compass Case Study Closing average 14% to 60% first year. Currently closing average is 71%.
  • 10. Retain 97% Managed volume from $800,000 to $13 Billion
  • 11. Top Down Commitment • They have not changed process for 17 years. • Aware – Understanding • Competence - Mastery
  • 12. How do we do it? • Follow the process • Recruit & retain winners • Increase account retention • Sell achievable results
  • 13. Recruit TriMetrix Benchmark When in doubt, don’t hire.
  • 14. Recruiting Top Talent We hire great attitudes and teach them the skills they need Herb Kelleher –Southwest Air
  • 15. Great salespeople are scarce and getting scarcer Teaching Sales HBR We are filling that need
  • 16. SAP Study It cost $678,000 every time we lose a top salesperson
  • 17. Recent article from Harvard Business Review discusses techniques we developed years ago as new 17
  • 18. Solution Selling is Commodity Selling
  • 19. Solution vs Insight Selling • Solution • What need is customer seeking to address? • Insight What unrecognized need does the customer
  • 20. Sales Funnel® We have always done that. It is called Deficit Questions that uncover latent pain
  • 22. Deficit Questions • What is your knowledge asset to book value ratio? • How does your engagement index compare to the global average? • How accurate is your success probability formula at predicting
  • 23. • How many of your contracts are based on a single relationship? • What benchmarking process are you using to assure that new hires will perform at a high level? • Can your sales team deliver the agreed upon responses for the 5 major objections?
  • 24. We do not puke!!! • Solutions to problems are easy. The real skill is in accurately defining the problem. • We differentiate ourselves by providing a better solution to a more well defined problem.
  • 25. Solution vs Insight Selling Solution Engage after a customer has identified a problem. Insight Engage before the customer has identified a problem
  • 26. Orgs need to fundamentally change how they teach sales – Corporate Executive Board •You are ahead of the competition if trained on SF
  • 27. Reps must engage customers well before customers fully understand their own needs. To win, you’ve got to get ahead of the RFP. RFP 27
  • 28. Sales Funnel® Requires engagement pre-RFP
  • 29. • Customers no longer need a salesperson to learn about a company’s offering or to place an order. Sales now is more about helping customers define the problem they are trying to solve and assemble a complete 29
  • 30. Chally Group discovered that 39% of B2B buyers select a vendor according to the skills of the salesperson rather than price, quality, or service. 30
  • 31. A recent CEP study of more than 1,400 B2B customers found that they completed nearly 60% of a typical purchasing decision before even having a conversation with a supplier. 31
  • 32. Traditional reps are at a distinct disadvantage in this environment, a select group of high performers are flourishing. These superior reps have abandoned much of the conventional wisdom taught in sales organizations. 32
  • 33. They seek out a different set of stakeholders, preferring problem owners. Coach those problem owners on how to buy, instead of following the company’s purchasing process 33
  • 34. These sales professionals sell differently. This means that boosting the performance of average salespeople isn’t a matter of improving how they currently sell; it involves changing how they sell. To accomplish this, organizations need to fundamentally rethink the training and support provided to their reps.
  • 35. Deal Analysis • Fishbone timeline • Buyers Grid/WITY • Must win issue/Triggering event • CBI/Dollarized impact • Next step • Murder Board 35
  • 36. Success Formula • Identify CBI – Critical business issue • Link your solution to the impact on the CBI • Monetize the value of that solution 36
  • 37. Success is no accident • Commit to the process • Practice • The process will not abandon you.
  • 38. Have your best year ever. Thank you