ON AIR: With Owen Episode 35 Featuring Lisa Dempster – Company Director at Sales Consult

Introducing our 35th episode of ON AIR: With Owen – our latest interview video series with honest conversation about scaling revenue, hosted by our Founder & CEO, Owen Richards.

Our 35th guest is Lisa Dempster, Company Director at Sales Consult. Owen and Lisa discuss a broad range of sales topics such as discounting, pipeline management, how to recruit great sales people, and much more

  • The dos and don’ts when it comes to discounting
  • Why you shouldn’t build discounting into your sales cadence
  • When you should provide discount and for what reasons
  • The difference between a reduction and a discount
  • The definition of pipeline management
  • The dos and don’ts when it comes to pipeline management
  • How to identify if somebody is or isn’t your buyer
  • Why bravery is a key skill for a successful salesperson
  • Why curiosity is such a powerful tool in sales
  • The current state of recruitment in sales

Predicting Ramp Time And Quarterly Measuring: Why Tolerance For Failure Is Vital

Striking the right balance between healthy optimism and being necessarily realistic is crucial when it comes to predicting accurate ramp times and setting appropriate targets within a business. 

One of the most common mistakes when it comes to building and managing an outbound sales team is vastly overestimating what’s going to happen in a short space of time, and underestimating the challenges that come with the process before it becomes successful. 

Nothing in sales has ever happened overnight, and that sentiment rings even truer when discussing the hurdles that come with outbound. In this scenario, more than most, possessing a tolerance for failure, in terms of both the process and the individuals involved within it, is absolutely crucial for both short and long-term success. 

This idea—one that is still unfortunately very prevalent within our industry—that you can hire an SDR and have them ramp up to 100%, to perform at their absolute optimum in the space of just three months, is naive at best. Realistically, it’s going to take at least six months to get close to that highest level, in many cases it can take up to a full year. 

The lack of education and understanding surrounding the length of sales cycles is a major factor in these misconceptions. For instance, and this is hardly an uncommon scenario for a newly hired SDR: they book their first meeting in month two, they meet two weeks later, the prospective client takes a further two weeks to mull it over, then they hold a second meeting, then the client takes it to their next board meeting but doesn’t get time to discuss it, eventually it gets brought up in the next board meeting and finally, it gets signed off. 

Before you know it, and this is through no fault of your SDR, that whole sign-off process has turned into a three month operation, and could even be a whole six months on from the SDR actually joining the business.  

On top of that, you need to factor in further variables that can affect sales, such as seasonality, regulatory changes, economic shifts and even something as simple, but hugely disruptive, as a key person leaving the business. It’s never stagnant, it’s a constant process of improvement and it definitely doesn’t just peak after three months, then flatline from that point onwards. 

Outbound is one of, if not the hardest channel to find success with, especially in the short-term. It takes the longest time to generate a return, often has the longest sales cycles and generally offers the lowest conversion rates. The issue with all of that, is if you’re a small business attempting to scale, and something doesn’t work out the way you’d hoped, you don’t achieve the revenue you’d predicted, you really feel it and that experience sticks with you for a long time. 

These kinds of situations are a massive factor in many people’s attitude towards using outbound as a channel, and again, much of it comes down to a lack of education surrounding the time and resources that actually need to be pumped in to make it succeed. 

All of this means you have to modify the way in which you measure your team and business’ success. 

When deciding upon quarterly KPIs, these ramp times must be factored in accordingly. Don’t just make targets solely revenue-focused, it isn’t an accurate reflection of the work that might be going on behind the scenes and it’ll just appear that you’re failing, when in reality, things aren’t as black and white as that. 

Naturally, stakeholder alignment will come into play throughout this target-setting process, and ensuring the relevant figures are informed and supporting your approach is absolutely crucial. Getting everyone on the same page and forging this understanding early will save a lot of headaches further down the line when it comes to feeding back the numbers. 

Devise and agree on a series of ambitious, but realistic milestones throughout the year, again, ones that aren’t just focused on revenue. Month one could be useful learnings, month three for pipelines, six months for opportunities that look like they could close and then solid revenue targets at 12 months. Of course, these timelines will differ on a business-by-business basis and will fluctuate depending on the length of your own average sales cycles. 

With all that being said, the great thing about outbound sales in comparison to other channels, is once you do hit a point where you ramp to 100%, you can take those vital learnings to shape your future operations and the scope for growth becomes colossal.

Things will begin to snowball and it becomes extremely scalable. Once you evaluate and understand the metrics behind the success, you can begin to layer in more SDRs, or you introduce better technology that allows those SDRs to flourish. 

It’s a massive contrast to inbound sales, where once you’ve maximised your budget and reached everyone in your network – you hit a ceiling. With outbound, when you approach it in the right way, with the right mindset and with that tolerance for failure, that ceiling doesn’t exist. 

For more information on truly understanding how to predict ramp time and adjusting your quarterly measurements accordingly, tune into our Founder & CEO, Owen Richards appearance on The SaaS Sales Performance Podcast. 

Alternatively, we’d be happy to chat through any queries you have in evaluating your outbound sales approach, get in touch now.  

ON AIR: With Owen Episode 34 Featuring Kristofer Bunker – Founder & CEO at Hapi Health

Introducing our 34th episode of ON AIR: With Owen – our latest interview video series with honest conversation about scaling revenue, hosted by our Founder & CEO, Owen Richards.

Our 34th guest is Kristofer Bunker, Founder & CEO at Hapi Health. Owen and Kris discuss the challenges you have when growing out an outbound sales team aligned with growing revenue

Including:

  • The strategies that helped Hapi Health grow from 0 – 200 clients
  • The challenge Kris and Hapi Health faced and how they overcame them
  • Growing backwards – How to align growing sales and resource
  • How Kris created trust around the brand
  • How trust plays and key role in internal and external growth
  • Kris looks at the big challenges coming up in the next 12 months for Hapi Health

LIVE Roundtable: How To Structure A Killer B2B Cold Call

We’re hosting our seventh live roundtable as part of our NEW annual content series, around setting up an outbound sales function.

Get ideas, inspiration and advice from our panel of experts, who will share and discuss their own experiences and open the floor to questions from the audience.

In April we announced that we will be going live every month for the next 12 months, chatting about all topics relating to outbound sales and the stages of building a team.

Agenda:
We’ll be answering your questions around (but not limited to) how to:
1. Introduction – Your first impression and the way you start the call is critical
2. Pitch – Telling your prospect why you’re calling and what you have to offer
3. Transition to questioning/discovery – Often a missed part of the cold call
4. Discovery/questions – The part where you uncover whether there is a good fit between your offering and your prospect’s situation
5. Objection handling – How you respond to questions and objections will define your success, so how do you overcome these?
6. Close/wrap up – If you don’t ask, you don’t get. So how do you close for the meeting?

Host:
Owen Richards – Founder & CEO at Air Marketing

Speakers:
Marco Alfano-Rogers – Sales Director at Air Marketing
Jonathan Finch – Director of Group Sales at Sales Geek
Alex Shrimpton – Enterprise Sales Manager at Infinity

Who is it for?
Sales Professionals (BDEs, BDRs, SDRs, Sales Leaders/Managers)
Revenue Leaders
Founders

ON AIR: With Owen Episode 33 Featuring Gareth Steenson – Rugby Coach at Exeter Chiefs

Introducing our 33rd episode of ON AIR: With Owen – our latest interview video series with honest conversation about scaling revenue, hosted by our Founder & CEO, Owen Richards.

Our 33rd guest is Gareth Steenson, Rugby Coach at Exeter Chiefs. Owen and Gareth discuss how Gareth transitioned from a player to a coach and the similarities and differences to rugby and business…

Including:

  • The key elements to Exeter Chiefs long and sustained success
  • How a player should be involved in building/setting goals
  • How the club environment has changed in line with new and more ambitious goals
  • The leadership qualities that helped Gareth transition into a coach
  • The hardest bits Gareth faced during his transition into a coach
  • Gareth describes his coaching process and mentality
  • How Gareth incorporates data with coaching
  • How Gareth develops skills and mentality
  • How Exeter Chiefs leadership has made them so successful
  • The similarities and difference between rugby and business success
  • Gareth’s process for learning from failure Connect with Owen and Gareth on

How To Structure A Successful B2B Cold Call

When it comes to structuring a successful B2B cold call, the first thing to remember is that there’s no silver bullet, golden ticket, or magic words to guarantee you’re going to make a sale with every call. The truth is that this is less of a science and more artistry, but like any art, preparation can be the difference between success and failure. 

Before delving any deeper into this topic, it’s important to define what a “successful” cold call is. Our findings indicate that the majority of cold calls end without a sale, but that doesn’t mean they aren’t successful. If your definition of success is a sale, then you’re going to spend a lot of your time disappointed. The point of a cold call is to identify a good fit for the product or service you’re selling, as identifying if the product or service doesn’t fit, is just as valuable. 

Ultimately, you’re there to create a conversation with the prospect and being too focused on the wrong outcome can cause the conversation to fail. 

Things that people tend to do well 

Now, this is complicated, as we’ve already said, it’s an art form and as such, your personality plays a big part in how this conversation forms. There are, however, some simple techniques that Sales Professionals use to help steer the conversation and prevent it from stalling before it gets started. 

Language and human behaviour: 

This is hugely influential in the conversation, so plan and prepare. Regardless of whether you are B2B or B2C, there is another person involved at the other end of the phone. The most human question of all is “What’s in it for me?” and, even if this isn’t said out loud, it will be at the front of the persons mind you’re speaking to. If, as a seller you can put yourself in the position of the prospect and answer this challenging question, there’s a good chance you can keep their attention long enough to have a conversation. 

Body language: 

Believe it or not, body language can also be a factor. Do what feels natural but make each person you talk to feel that they are the most important call you’ve had. And don’t forget to smile! It comes across in your voice, as does your posture. 

Scripts: 

It’s important to structure what you’re going to say. There is nothing wrong with a script but learn and test it – put yourself in the prospects’ position to see what your responses are. If you say the same thing as everyone else and the gatekeeper or prospect has heard it a thousand times, you will get the answer they have given a thousand times. 

Tone of voice: 

Your tone of voice can also help with the conversation along with the language you use. There are certain phrases that trigger the sales alarm in peoples’ heads and ways to say the same thing that elicits a different response. Low and slow is how people talk when they are relaxed and comfortable. If you turn into a children’s TV presenter and babble your way through, the prospect will disengage. 

Treat the prospect like an equal – you have a solution to a problem they’re likely to have. The key is to find out if this prospect has that problem now, or is likely to have it in the near future. 

Things that people tend to do wrong 

There is no such thing as the perfect structure, unless of course you know the prospect well. If we assume you don’t, then there are some general pit falls to avoid. 

A lack of honesty and transparency: 

Honesty is the best policy with the prospect, so let the prospect know from the outset what you’re calling for and how the conversation will go. If you can explain that you will only take a few minutes of the prospects’ time and if, after that the solution doesn’t fit, you’ll part friends with no hard feelings, and they’ll likely keep you in mind for the future. Framing the call in this way also helps people to relax, as they understand what is expected of them. 

Not drawing and keeping the prospect’s attention: 

Get the prospect’s attention, don’t just be the same salesperson they have previously hung up on. People buy from people, so don’t ask them something you don’t want an answer to. “How are you today?” can be a great question but is completely wasted if you then talk over their answer or fail to listen to what they say. Starting with something like, “I’m just looking at your website now” might just interrupt the usual sales call pattern, enough for them to take an interest in why you’re looking. 

Without teamwork, you can’t make the dream work: 

Try to get on the same team as the prospect. If you imagine you are having a conversation across the garden fence, you need to climb over the fence and remove the barrier, so you see things the same. This becomes essential when they have an objection. It’s never a good idea to argue or to dismiss their objection with something flippant like “We’re not like that”. Again, try and work from the same side of the fence, empathise and agree… “that’s terrible when that happens, I understand”. It’s basic human nature that when people tell you “You’re wrong”, you dig your heels in and the alarm bells start. Even if you know you’re wrong, you won’t agree with them. 

Focusing too much on the sales pitch and not the conversation: 

The importance of planning the call is crucial, so it’s vital that you have thought about all the possible reactions of your prospect and have a plan to bring the conversation back on track. This is a conversation, but you need to remain in control and steer it down a course that suits you. 

One very important part of the conversation that most people forget to plan, is the end of the call. You have outlined the conversation to the prospect and said if this isn’t a good fit you will part as friends and if that’s the case, as it will be most of the time, then do what you have said. For that small percentage of calls, which end with the prospect wanting more, it’s not good if you don’t know what to do next. Ensure that if the prospect wants you to go into more detail, you are prepared to or at least you can book an appointment for this to happen and move them into the discovery stage. The last thing a prospect wants is to be enthused about your offer and then find you are completely unprepared for the next step. 

Interested in learning more? Check out this insightful episode of ON AIR: With Owen where our Founder & CEO, Owen Richards, chats to 6th Door Founder, Chris Dawson, about this subject in more detail. 

To be successful in cold calling you need to understand your customer, their challenge and how your offer provides a solution. If you’d like guidance and support with structuring your next B2B cold call, we can help; get in touch today or download our FREE B2B Cold Call Script Template

ON AIR: With Owen Episode 32 Featuring Chris Duddridge – VP of Sales, EMEA at Soroco

Introducing our 32nd episode of ON AIR: With Owen – our latest interview video series with honest conversation about scaling revenue, hosted by our Founder & CEO, Owen Richards.

Our 32nd guest is Chris Duddridge, VP of Sales – EMEA at Soroco. Owen and Chris discuss Building out an outbound sales team from the ground up

Including:

  • An overview of Chris’s experience building out Sales Teams
  • Where good leaderships skills come from, Personality, Coaching or development
  • How to create a sense of ownership and belonging for your employees
  • The essential tools in a successful sales leader’s kit
  • Techniques for dealing with the peaks and troughs of a Sales Teams motivation
  • – When to be decisive with sales training and developmentHow much your team should shape your company’s culture

 

ON AIR: With Owen Episode 31 Featuring Alex Alleyne – Regional Sales Manager at Lacework

Introducing our 31st episode of ON AIR: With Owen – our latest interview video series with honest conversation about scaling revenue, hosted by our Founder & CEO, Owen Richards.

Our 31st guest is Alex Alleyne, Regional Sales Manager at Lacework. Owen and Emanuel discuss What makes a successful outbound prospector/cold caller?

Including:

– The biggest mistakes Alex made during his sales career

– How Alex became successful with Sales

– How Alex became a more refined Sales Professional

– How much should the phone still be apart of outreach

– What’s volume and velocity or personalisation is best

– How Alex approaches a cold call

– Why there is a gap in the market currently for good Outbound Sales Leadership

– How to enjoy the sales journey

– Alex’s top advice to improve your sales performance

ON AIR: With Owen Featuring Emanuel Frauenlob – Co-Founder & CEO at Mesg.ai

Introducing our 30th episode of ON AIR: With Owen – our latest interview video series with honest conversation about scaling revenue, hosted by our Founder & CEO, Owen Richards.

Our 30th guest is Emanuel Frauenlob, Co-Founder & CEO at Mesg.ai. Owen and Emanuel discuss ideas exploring what sales looks like at the early stage of a start-up and the challenges and opportunities they will need to navigate.

Including:

  • The key moments that lead to Emanuel starting Mesg.ai
  • What things you should plan for before you start pitching your product
  • How you should build out your Ideal Client Profile (ICP)
  • Emanuel explains his value stick
  • Small steps rather than one big step through the sales process
  • The notion of pushing boundaries
  • How important it is to be a hands-on Founder
  • The right time to start building a team
  • What you can do that doesn’t cost money to get good conversations
  • How it feels to be a sales founder during those early conversations
  • The basics that need before starting conversations
  • The biggest challenges Emanuel has faced in the last 12 months

LIVE Roundtable: Achieving Sales & Marketing Alignment

We hosted our sixth roundtable as part of our NEW annual content series, around setting up an outbound sales function. Get ideas, inspiration and advice from our panel of experts, who share and discuss their own experiences and open the floor to questions from the live audience.

We’ll be going live every month until March 2022, chatting about all topics relating to outbound sales and the stages of building a team.

Agenda

We answered questions around (but not limited to):

  1. The need to work in partnership with one another
  2. Creating an environment that integrates well
  3. Processes
  4. CRM and tech stack
  5. Sharing well-defined objectives
  6. Implementing a feedback loop for better alignment throughout your organisation
  7. Evaluating the results, and adjusting your strategy to respond to your customer
  8. Celebrating success

Host

Owen Richards – Founder & CEO at Air Marketing

Speakers

Neil Clarke – Commercial Director at Air Marketing

Gareth Mapp – Director of Sales & Marketing at Software Solved

Louis Fernandes – Vice President, Sales, EMEA at Uberall

Who is it for?

Founders, Sales Leaders, and Revenue Leaders.