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Outbound Sales, No Fluff (Book Summary)

January 27, 2019 Jeremey Donovan

Outbound Sales, No Fluff: Written by two millennials who have actually sold something this decade.
By Rex Biberston & Ryan Reisert

Quick Review

  • What I liked:
    • There really is no fluff or self-promotion or new, “branded” jargon to describe old things
    • It is a decent introduction for people completely new to outbound selling.
    • The sample cold-call script is solid.
  • What I did not like:
    • I did not find any immediately actionable new ideas
    • Though I don’t begrudge the authors the $2.99 I paid for the Kindle version, the book takes only about 30 mins to read (~30 pages when you strip out acknowledgments and appendices). It should really be a free eBook.

1 Why does everybody hate salespeople?

  • The first lesson is this: nobody cares about your product. People care about themselves and their problems. [REVIEWER: Actually, user buyers, technical buyers, and some economic buyers do care about your product. They care about how your product solves their problems.]
  • Build a list of the problems your product solves. Use this list to qualify a prospect as early as possible.
  • The second lesson of sales is… If you want to be successful, start by helping others succeed. Build a reputation of being “that person” – the one people can count on and utilize as a resource regardless of whether you close a sale with them.

2 Stay in your lane!

  • Characteristics that we can use to clearly define our swim lane:
    • Size
    • Geography
    • Industry
    • Related Technologies
    • Budget [REVIEWER: This is very difficult to know in advance so you might was well use size as a proxy]
    • News [REVIEWER: News is great for triggers but if news is required, 99.999% of businesses would not have enough outbound lead volume.]

3 Target companies, sell to people

  • [Reviewer: The chapter title says it all.]

4 Where are these people?

  • You need to build a list.
  • Lead scraping tools:
    • Databases & list vendors
    • Networks & associations
    • In – person events

5 If cold calling is dead, I quit

  • Targeted audience + Personalized messaging + Right timing + Communication in the correct channel
  • TRUTH # 1 – All communication channels are useful with some prospects some of the time.
  • The fastest way to learn … is to ask someone who successfully sells to the same target buyers.
  • What should a cold call sound like?
    • Introduction:  Hi [First Name], this is [Name] at [Company], how are you doing?
    • Permission: I called to see if what we do for [Problem] can benefit your team. Did I catch you with two minutes?
    • Value proposition: We help [Buyer persona] who [Problem] by [Solution]. In fact, [Customer success story].
    • Question + leading statement: I’ve seen a lot of [Buyer persona] who are dealing with [specific facet of problem]. How are you addressing that today?
    • Qualify for interest + fit: [This is the part you cannot script – you have to know what makes a qualified buyer and really listen to their answers.]
    • Ask for the appointment: Well, you’ve been kind to give me a few minutes today and it sounds like there’s reason to continue the conversation. Do you have time this coming [Day] or [Day] that we can get into more detail and determine if there’s a mutual fit?
  • Cold email
    • make every word count.
    • Use a single call – to – action:
  • Social selling
    • start simply by following a prospect, engaging with their content, and then inviting them to connect.
    • Move from online to offline:

6 Bucket leads for maximum success

  • Bucket 1 – Uncontacted
    • Activities:
      • Remove any accounts outside your swim-lane
      • Attempt to contact leads via phone, email, and social media
      • Perform additional research or preparation
  • Bucket 2 – Working
    • For full – time appointment setters, this bucket should consistently hold at least 100 leads. Full-cycle sales reps shouldn’t drop below 50 leads.
    • Activity: Call regularly (as often as multiple times daily) to make contact
  • Bucket 3 – Priority
    • Activity: Continue with engagement via phone, email, and social to schedule an appointment.
  • Bucket 4 – Scheduled
    • Activities
      • Confirm any appointments scheduled 1 or more weeks out, during the week the appointment is due
      • Confirm all appointments within 12 – 24 hours via email
      • Call to confirm 2 – 3 hours before the scheduled time if the prospect doesn’t respond to final email confirmation

7 Technology can save help you

  • Incredible sales success requires a winning mindset, carefully honed skills, and the right set of tools, all working together.

8 Funnel math

  • The math of sales has never changed.
  • The quality of the conversation lies in your ability to personalize your message to the needs of the prospect.

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