Find My Catalyst Podcast podcast

Struggles, the Funnel and Identifying Your Ideal Customer with Liz Heiman - 257

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In this episode, Mike talks to Liz Heiman, CEO and Chief Sales Strategist for Regarding Sales.They talk struggles, process, funnel and ways to identify your ideal customer.

Key Takeaways:

  • It’s fun to help people realize Sales isn’t a big, bad, scary thing.
  • Many Founders struggle because they don’t realize they can ask certain questions of prospects.
  • Work on becoming more comfortable talking about what you do.
  • Ideal Customer Profile
    • Customer that is most likely to buy from you
    • Customer who is most likely to be happy with the outcome
    • Customer who will continue to buy from you
    • Customer with a short sales cycle
    • Customer where the timing is right
    • Customer who you really designed your product for
  • Saying no to a prospect feels like we are giving up on what we could have. However, we have to say no so that we use the resources we have as efficiently as possible.
  • If you focus on the wrong customers, your company will always go in the wrong direction.
  • Pipeline - opportunities that are coming in and moving through the process to close. Can also be referred to as a funnel.
  • Qualify Out - purposely look for opportunities to move people out of the funnel.
  • Teamwork is the best thing that should happen in a team meeting.
  • Focus on the things that matter in team meetings:
    • Where do we stand?
    • What’s new? Updates. What are our partners doing?
    • Team exercise
  • There is always a frantic focus on what’s closing right now, which is the worst focus!
  • Pipeline reviews should be 1:1, not in a group setting!
  • Pipeline/funnel review:
    • What’s going on?
    • What do you need from us?
    • When is the deal going to close? 
    • What have you done to put stuff in the top of your funnel? How is your prospecting going?
    • What is going on with your qualification?
  • During a pipeline/funnel review, it is important to have a discussion and not beat your Sales Rep up. It is important to have some sort of value exchange.
  • We leave so much money on the table by not growing our existing accounts.

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This podcast is brought to you by Catalyst Sale - you can learn more about Catalyst Sale, and the products and services we provide via the following links.

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