🥇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

 

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+):

  1. Immaculate preparation: Be organized from first contact to installation.

  2. Consistent prospecting: Always add new targets before they reach out.

  3. Sell value: Emphasize your unique, full enterprise offering.

  4. Leverage resources: Use senior leadership to support your deal.

  5. 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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