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🥇lessons from top performers
How to win in sales with advice from Mark, Brandon and Marcus
🥇lessons from top performers
Daily Sales Newsletter October 18, 2024 |
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Hey, this is SalesDaily. It delivers sales insights like pouring coffee into your cup – strong, invigorating, and ready to get things done.
In today’s issue:
Chris Orlob: 6 lessons I learned
Marcus Chan: The 70/20/10 rule
Brandon Fluharty: 5 things I learned earning $3.7M
Mark Hunter: Becoming a top performer
6 lessons going from $36,000 to $1.6M
Learn from these top performers
In a recent post, Chris Orlob talks about lessons from his SaaS sales career, where he went from earning $36,000 as an SDR to $1.63M in a year.
Here are his top 6 insights:
Money follows pain: Don’t overwhelm customers with features. Focus on relieving their pain and delivering outcomes to close deals.
Building skills pays off: Consistent learning is like future bank deposits. Studying an hour a day over time can transform your career.
Business acumen is key: Understanding how businesses work makes all your other sales skills more valuable, from discovery to negotiation.
Market matters: You need a good market, but don’t rely on that alone. Keep improving your skills while choosing the right opportunities.
Be strategic with people: Involving the right people in deals at the right time is crucial. Randomly reaching out can hurt your chances.
Sell for fast-growing companies: Aim for startups with product-market fit and solid comp plans. Avoid companies that are too early or too late.
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The 70/20/10 Sales Rule
Marcus Chan shares how he used the 70/20/10 rule to exceed sales targets for 13 straight years. This approach helped his team win the "Comeback Team of the Year" and produce 3 President's Club qualifiers, including the global #1 rep.
The 70/20/10 pipeline rule:
70%: "Singles and doubles" – Small to mid-size deals you can close frequently.
20%: "Triples" – Larger deals that take more effort but pay off bigger.
10%: "Home runs" – Massive deals that can cover 50-100% of your target.
Focus on closing the 90% (small and mid-size deals) while being strategic with the 10% (large deals).
Target absolutes:
Marcus built a sales team in 2013 using these 5 rules for large deals ($260K+):
Immaculate preparation: Be organized from first contact to installation.
Consistent prospecting: Always add new targets before they reach out.
Sell value: Emphasize your unique, full enterprise offering.
Leverage resources: Use senior leadership to support your deal.
Qualify relentlessly: Continually re-qualify deals to ensure they’re worth your time.
TO-GO
Neil Weitzman: One of the most important skills in sales
Carajane Searcy Moore: 8 traits of really great salespeople
Brandon Fluharty: 5 things I learned earning $3.7M in SaaS sales
Anthony Natoli: Top performing sales professionals
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QUOTE OF THE DAY
"To be the best in sales, you must learn to get comfortable with being uncomfortable."
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P.S. I just launched my second newsletter on mastering LinkedIn - you can subscribe here: thebluesheep.co
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