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đľď¸ââď¸ smart prospecting strategies
With advice from Darren, James, Stef & Nick
đľď¸ââď¸ smart prospecting strategies
Daily Sales Newsletter November 4, 2024 |
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Hey, this is SalesDaily. It delivers sales insights like pouring coffee into your cup â strong, invigorating, and ready to get things done.
In todayâs issue:
Darren McKee: Research-based sales pitches
Stef Geraldes: Create a strong problem statement
Nick Cegelski: Weekly prospecting routine
Brandon Bornancin: How to get a meeting with hard-to-book CEOs
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Research-based sales pitches
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Darren McKee outlines his approach to reaching out to prospects directly, often with a high response rate.
He primarily targets executives (C-suite and V-suite) and focuses on being concise, well-prepared, and direct. Darren believes execs donât have time for long relationship-building before a pitchâthey want relevant, actionable information now.
Hereâs why his messages stand out from others:
Thorough research: He learns about the prospectâs business and recent updates, identifying specific pain points and opportunities.
Personal connection: He finds common ground or shared experiences to add a personal touch.
Visibility on their feed: Heâs already interacted with their LinkedIn posts, making him a familiar name.
Offers new insights: His message includes a valuable observation they might have missed, making his outreach useful from the start.
Example message
Darren often sends casual video messages like this:
âAlaya,
thanks for connecting last week.
I know you're busy, so hereâs the point.
I listened to the recent earnings call and noticed a decline in meetings due to the economy and competitors.
When I looked into it, I noticed that only 4 of your 73 sellers are active on LinkedIn in the last month. None are engaging with prospectsâ content. For example, the CISO of a key account posted about your exact solution, but no reps commented. This is a big miss.
Iâd love to chat. Also, say hi to Markâwe worked together at Chubb in Atlanta! Iâm free Nov 19, 21, or 22 at 2 PM EST. Let me know, and I can send an invite.â
How to create a strong problem statement
Stef Geraldes shares a quick exercise to help salespeople clearly define the problems their product or service addresses.
Instead of vague statements like âWe drive efficiencyâ or âWe support growth,â he advises identifying the real obstacles your customers face.
Hereâs his five-step process:
1. List 3-5 ways you help: Start with specific ways your product or service benefits customers. For instance, âWe help businesses engage with Enterprise accounts to drive larger deals.â
2. Identify customer obstacles: For each benefit, write down challenges customers face. Example: âThey donât connect with enough Enterprise accounts each month.â
3. Explain why the problem exists: Label the root cause of these obstacles, such as lacking âresources, time, or dataâ for consistent prospecting.
4. Describe the impact on their business: Note how this issue affects them, like slowing growth or losing market share to competitors.
5. Define your solution: Finally, craft a statement on how you help solve this problem.
After this exercise, youâll have a clear problem statement, like: âMany companies want larger deals in Enterprise accounts but struggle with limited connections to decision-makers, often due to resource constraints. This slows growth and leaves room for competitors. We solve this with targeted outreach.â
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Weekly prospecting routine
In a recent post, Nick Cegelski, explains that real success in sales doesnât come from watching sales videos or taking online courses.
It comes from doing the hard, often repetitive work of prospecting. Prospecting can be discouraging, but it's necessary for hitting your quota and keeping your business profitable.
Hereâs a clear, effective weekly routine he recommends for building a strong sales pipeline:
Monday to Friday routine:
Choose 40 prospects: Focus on executives like C-suite or VPs.
Make your calls: Call each person on your list.
Leave a voicemail + email: When they donât pick up, leave a short voicemail and follow up with an email.
Address their problems: If someone does answer, mention the specific problem you believe your product can solve for their company.
Focus on interested prospects: Most wonât be interested, but a few will respond positively. Focus on them.
Each day follows the same steps. By the end of the week, youâll have dedicated about eight hours to consistent outreach. This method tackles 90% of your pipeline issues.
TO-GO
James Bissell: Two red-hot triggers you can be looking out for
Frankie Vignone: Try this out for your next prospecting block
Brandon Bornancin: How to get a meeting with hard-to-book CEOs
Christian Krause: How I book 1 client meeting per day through outbound
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QUOTE OF THE DAY
"Prospecting is hard, emotionally draining work, and it is the price you have to pay to earn a high income."
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P.S. Launching the GTM Weekly newsletter soon â as soon as we hit 1,000 subscribers, itâs good to go! â gtmweekly.com
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