WEBVTT

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The fact of the matters you've got
to attach at a time like this to

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business, either pain or outcomes.
You're listening to the audible Ready Podcast,

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the show that helps you and your
teams sell more faster. We'll feature sales

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leaders sharing their best insights on how
to create a sales engine that helps you

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fuel repeatable revenue growth. Presented by
the team at Force Management, a leader

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in B to B sales effectiveness.
Let's get started. Hello, Welcome to

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the Audible Ready Sales Podcast. I'm
Rachel klatt Miller. Today we are going

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to be talking about selling in a
new category. Our own Brian Wallace joins

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me for the conversation. Hi Brian, Hi Rachel, how are you.

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I'm good. I'm good. I'm
excited about this topic today because it is

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one that is coming up a lot, particularly with our Assender subscribers. As

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senders are online subscription platform with content, curriculum and community. If you haven't

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checked it out, you should.
But they're coming from people who are selling

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new technologies in a new category,
a lot of this AI tech, right,

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Yeah, everyone's like, wow,
this is really cool, but they're

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having trouble aligning to paying. If
you're listening. You might be selling AI,

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you might be selling in a different
type of new category, and doing

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that you meet kind of a new
set of challenges that you might not have

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if you're selling kind of a more
established solution. So, Brian, i'd

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love to get your opening thoughts about
this topic, and then I'd love for

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you to kind of walk through what
those challenges are that salespeople that sell into

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a new category aren't faced with Yeah, big topic and it's I'm glad we're

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trying to at least get some light
on it, right, can't tackle something

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like this all in one podcast,
but ten minutes ten minute limit, Brian,

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Yeah, let's kick the can on
this a little bit. So first

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and foremost, I think the challenges
are probably pretty obvious, Right, it's

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the well what is this? What
does it do? Why would I need

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it? Challenge? I think that's
the first thing. So there's the whole

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it's not just name or brand recognition
for who your company is, but it's

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name or brand recognition for the thing
that you have and or the problem you're

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trying to solve, or the outcomes
that it can create. So there's this

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whole educational challenge that goes with something
like this, Right, it's not like,

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well, cybersecurity ten years ago versus
cybersecurity today, Like you say cybersecurity

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day, everybody knows exactly what you
mean you say ten years ago. What

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So I think that's the first big
challenge. And I think of that because

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one of the best sales managers I
ever worked with, he was one of

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my counterparts. Whenever he put someone
new into a sales territory, the first

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thing he would say to them is, now, remember the best salespeople are

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great marketers first, because as a
seller, one of the things you have

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to do is you have to create
awareness before you're ever going to get consideration.

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Classic marketing one oh one, Right, Why would anybody ever consider you

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if they don't know who you are, what you do, or why you're

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relevant. So Brandon did a great
job of helping his salespeople think about creating

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awareness in their marketplace. And I
think that's where you have to start here.

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And look, here's the other thing, Rachel. Nobody's creating something like

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AI unless it does something better,
solves a problem, creates an outcome.

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So I get that you might be
struggling attaching to the pain. But my

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bet is there's pain out there that
your thing, your product, your service

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is going to solve for, and
there's certainly an outcome. Otherwise, why

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would anybody ever back it financially with
venture capital money or anything else like that.

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Right, So there's something that you
can definitely hold on to, and

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I think to give people some something
to hold on to themselves, that's the

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good news here. There's no reason
you'd have something to sell if it wasn't

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of value. Yeah, it really
good points, Brian, and I think

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some of us are a custom maybe
selling for a company that's not known,

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but a solution that the customer understands, right. Yeah, this is a

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different animal, and as with all
great selling, you have to think about

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and prep for and think through how
you're going to manage those conversations with your

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customers because your old tricks techniques might
not be the best fit for this situation.

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I got to jump in on this
because you make me think of something,

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which is there's a perspective that you're
going to have to look at your

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territory, your accounts, whatever you
want to call them through. Someone who's

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working in an established marketplace doesn't have
to, and that is the concept of

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early adopters versus followers and languards.
And I think one of the things you

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have to think about is how can
we target How can I as a seller,

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how can my company as an organization
target early adopters, whether by vertical

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or by all the way down to
the account level or the persona level.

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Because ten years ago, I just
go to cybersecurity again, there are a

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lot of people out there who could
just kind of put up all kinds of

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walls and barriers. I'm good.
I'm good because they were more of a

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follower or a laggard. There ain't
any of those left. Followers and laggers

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in the cybersecurity space are no longer
buying. They're like they're unemployed. Right,

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everybody has to buy cybersecurity now.
So one of the key things for

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you and your company to think about, which is how do we figure out

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who the potential early adopters are and
go spend as much time there because that's

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where you're going to make bank early
on. Yeah, that's a great way

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to approach it. And you know, it's really thinking about your ideal customer

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profile as it relates to that early
adopter, right, because it's like one

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thing to say Oh, our ideal
customer profile is healthcare or finance or whatever.

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But then inside of there there's going
to be a subset who were and

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it ain't a third, a third
and a third. Right, your early

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adopters are, if you're lucky,
you're ten to fifteen percent of the target

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account market. So just the thought, great first step as you look at

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as you look at your accounts and
assess where you might be struggling, and

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why let's jump a little bit,
Brian into like the actual convoys that I'm

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maneuvering in these accounts. Yeah,
we talked about pain. If the customer

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doesn't understand how this new solution would
solve pain, or they don't really feel

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the pain because they have a solution
now, right, the successful path,

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as you mentioned, might be to
sell on the outcomes that you can drive.

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Yeah, walk us through kind of
that mindset and how that would work.

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Yeah. So look, I'm a
big believer that you give me pain

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that I can attach to or outcomes
that I can help drive that are valuable

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for a customer. I'm good.
I mean I'd love to have both.

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As long as I got one,
I'm good. I can go attached to

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that and I can help pain a
vision around what does it mean to solve

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for this pain? What does it
mean to not effectively solve for this pain

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not just for you personally, but
for the rest of your organization, for

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your customers, for the business,
etc. I can do the same thing

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if I understand the types of business
outcomes that we can drive. But look,

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we talk about technical versus business pain
and technical versus business outcomes all the

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time. This may be when it's
even more important because nobody's going to buy

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your new thing just because it's cool
yep, unless they see it as a

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potential science experiment. And if that's
the case, it's not going to be

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a big deal. You might end
up with something further down the road.

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But the fact of the matter is
you've got to attach at a time like

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this to business, either pain or
outcomes. It's okay if you don't,

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if you don't know the pain.
If I can paint a vision of the

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future that is better than today,
where this AI solution is helping organizations onboard

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x number of percentage higher customers over
six months than they were before, it's

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driving x percentage of increase in revenue, or it's lowering card abandon rate on

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websites. You know, those are
outcomes. Now, here's the interesting thing

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about outcomes. If I can and
show you a potential outcome, I can

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then back to train up and show
you the pain associate without getting there.

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Yeah, So that's the funny thing
about it. In the end, if

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there's a business outcome to be had, you can then attach it back to

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potential business pain if not dealt with
effectively. Right, that's great. So

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maybe in your prep or as you're
considering how your conversations have gone to this

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part to this time, one way
to shift might be to shift the conversation

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towards the outcome first. Yeah,
then work it back into the pain.

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And you mentioned at the top,
Brian, You're like, there is pain.

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There's pain associated with your solution.
Here's the thing when we say outcomes,

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I think we should just state for
the record, Rachel, we're not

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talking some cool thing. You know. I see all this stuff about AI.

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You know, you can create your
own illustrations and blah blah blah.

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That's all cool stuff, But that's
not what we're talking about. We're talking

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about because you can do something,
what does it drive for the businessess Right,

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Because especially as a new technology,
people are going to be skeptical,

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if not cynical, of why should
wait, why would we do this?

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Like why isn't the way we do
it today? Fine? Or like we

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don't even do anything like that today? Why do we even need to do

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it? So you have to have
business outcomes, because remember you're competing against

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all kinds of other things that are
already budgeted. Your thing is probably not

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budgeted if it's brand new. So
you have to have a business case,

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and it's got to be hard dollars. It can't just be soft dollars.

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I mean, we talked about this
recently, and I still remember the first

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time it happened. I still can
I can name the account, I can

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name the people, and we were
having a conversation with them about cost savings

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from a productivity standpoint, and it
was the CFO who kind of got a

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wry smile on his face and he
looked at me and the sales rep and

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he says, you know that's good. I get it, and I'll believe

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it when you give me the employee
numbers of the people I'm going to fire.

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And if we went out of a
really good relationship with Rick and that

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was his name, and I remember
we talked about it a few times after

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that in the future and he would
just say, look, soft dollar savings

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are great, but the reality is
unless it hits the P and L,

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it's not meaningful, right. I
mean, it's nice, but it's not

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meaningful, and it won't get especially
an unbudgeted line item done. It just

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won't get it done. Yeah,
So there's the cost savings, thinking through

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the business outcomes, digging deeper to
find the pain, right and the hard

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costs the help that it's going to
go through. There is there any other

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insight you would you mentioned kind of
walking back for the pain. How do

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I do that? Well, there's
another thing I want to add to the

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list too, and it kind of
goes back to the early adopt thing.

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It's understanding the cultural aspects of this
too, because maybe this attaches to your

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question now that I think about it
even more so. So, there were

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a couple of times in my career
where when something new specifically would happen,

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and I worked for a big company
that had but they created a few new

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markets, which they really did create, all of a sudden, the people

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we had to talk to changed,
ye, So the pain didn't live with

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the people that we had traditionally sold
to. However, they were going to

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feel some pain. They were going
to feel the pain of change, whether

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they liked it or not. Something
in the market was changing that was going

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to impact them and their traditional role
or how they did things, either personally

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or for their entire company. And
all of a sudden, for example,

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there was a time where we had
to get in front of the CFO.

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Had to Now, in a lot
of our previous deals, we might get

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to the CFO because of the size
of the deal, but now we had

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to get to the CFO because of
the pain and the outcomes associated with the

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deal. So before it was like, CFO is an approver, Well,

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you know, if we're lucky,
we get to meet him or her or

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somebody's presenting our proposal to them.
But now in this moment in time,

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it was no, No, it's
the CFO. Who's going to own this

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thing? And to your point about
understanding the pain, it's understanding who is

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it really going to get to?
Who really owns it. So we were

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all of a sudden finding ourselves trying
to navigate. Hey, there's four or

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five six people we used to talk
to who were one, two, three,

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four levels removed from the CFO.
How are we going to navigate this

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whole thing. So we were doing
like, we were having conversations with people

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about, look, this is where
this is going, positive business outcomes,

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you know, future stay outcome driven
conversations, and here's the pain associated with

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that for you today and in the
future if you don't solve for it.

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And we were having it at the
more traditional levels we had called upon because

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we didn't have in some access to
the CFO. So what we were doing

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was we were having those conversations with
our more traditional contacts, doing so purposefully

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to look for the person who could
see the bigger picture. Because if we

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could get either individual or collective conversations
with those four or five six people,

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we can start to pick out,
Oh, it's that personal over there that

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sees this and realizes that somebody's going
to take us to the CFO, so

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might as well be me, right. So I think that's the big part

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of it. It's having the bravery
right, having the bravery to go do

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the discovery that might be a little
uncomfortable. Now, if I'm going to

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replace somebody's job, I'm not suggesting
that I'm going to go to them for

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the discovery, right. I mean
I got to like there's some thought that

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has to go behind this. I
had a client call the other day and

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say, hey, we got a
bunch of sales reps now calling people saying,

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hey, our leadership wants me to
get a meeting with your economic buyer.

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I'm like, no, that's not
how that's worked. It's like it's

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like, no, no, no, no, it's you and I,

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Rachel should go meet with insert title, not economic buyer. Right, You

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and I should go meet with your
CFO. And here's why they should see

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me, and here's why you should
take me to them. Yeah. Right,

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So it's the same kind of thing. Does that makes sense? Yes?

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And right. So if you're selling
in a new category, you have

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to make sure that you're talking to
the right people and considering all those factors

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that you mentioned, Brian. It's
the people who understand the pain and own

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it, own it, right,
Yeah, who care about the outcomes you

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have identified. And I'll bring us
back to the point you made it at

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the top. When you think about
that ideal customer profile and the early adopters

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you could lay it onto that map
onto an account because your early adopter maybe

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somebody a specific role, right,
the person who's going to feel the benefit

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or understand the benefit of taking you
to the CFO. I guess what I'm

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saying is you want to look at
that from a political level, a list

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of accounts, but you also can
layer that into a specific organization and think

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about who are the ideal people right
the landscape in this account we are going

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to get those early adopters. And
by the way, I'm not suggesting you

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turned down science experiments, right if
you've got somebody to lower in the organization

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who's willing to say yes, I'm
okay with that. But there's some things

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that go around that, whether it's
a small deal or somebody who's wanting to

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take it out as a big deal, which is rare. Like most of

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the time, you're going to have
to land in a situation like this,

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you're gonna have to land and then
expand. So let's talk about that,

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Brian. There is opportunity here to
do some test cases and really prove out

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that you can new technology can do
what you say it can do. Some

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sort of trial period as you call
science experiments. How do you set those

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up for success. Yeah, So
first and foremost, if possible, go

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get a couple of elephants and do
it for free. Now that's easy for

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me to sit here and say from
the comfort of my own desk because I'm

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not holding the P and L and
responsible to investors, et cetera. But

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the reality is you're going to have
to do some things to get some proof

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points and get some street credit in
the marketplace. So, whether those are

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paid trials or free trials or whatever
you want to call them, they still,

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to your question, have got to
have some parameters around them, right.

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They have to have parameters around the
people who are involved. It can't

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just be low level people in the
organization who don't have any cred inside of

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the rest of the organization. You've
got to have an executive sponsor who's got

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street cred inside of their company,
who doesn't have just the ability to formally

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say yes, but also has the
ability to informally influence others and get them

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in the boat. Right. You
have to have some really solid logistics around

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how are we going to run this
engagement for X period of time with the

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following not just to achieve the following
outcomes, over ninety days or whatever it

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is, or six months or six
days, whatever the timeframe is. But

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what are the milestones to ensure that
we're on track and what are we going

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to do when we hit those milestones
if we're out of sync? Right?

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Who's involved? Step by step from
both organizations? What are you going to

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do for us on the other side, Like, what's the agreement I'm doing

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X for you at reduced rate Y, whether it's lower rate, free,

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whatever. What do I get in
return on the other side when we show

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you an X improvement in top line
revenue or manufacturing cost or whatever it is.

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All of those things have got to
be really well thought out. Oh,

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by the way, you're not only
going to buy for the company or

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this part of the enterprise, but
you're going to speak, You're going to

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be a branded proof point, you
know, those kinds of things. All

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of that's the kind of stuff that
you have to have on the front end,

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and it goes all the way back
to That's why you have to have

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multiple layers of sponsorship inside of the
customers organization, because somebody at the lower

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level who might have fifty thousand dollars
to spend on a trial doesn't have the

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authority to do any of the other
things I'm talking about. Yeah, align

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on those things as you're setting it
up, right, not just by yourself

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by the way, right five six, eight, people involved in the account

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making this decision. Shouldn't there be
people supporting you? Like A lot of

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this that I'm talking about falls back
on your company right to support you in

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in terms of the messaging and the
content and how we on these types of

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these earlier stage engagements, et cetera. So I'm not suggesting any of this

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is a one man band kind of
conversation, right, These are the tyes

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of things. Thinking through these things
as it relates to your solution is the

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prep or the step that will make
these conversations easier. And we can't underestimate

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the power of having a great proof
point, particularly when you're selling something that

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customer can't get their head around.
Right it's new Yeah, yeah, Yeah.

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All goes back to wait, what
does this thing? What does it

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do? Why do I need it? Right? Right? Well, I

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know that we barely scratch the surface, and all of this selling isn't easy,

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but often we come back to some
of these constant truths. Preps for

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your conversation finding pain, digging deep
because there is pain, aligning to outcomes

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and then getting the lay of the
land right in these accounts. And I

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always use the word maneuver, and
I sometimes don't mean that because I feel

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like it sounds manipulative, but like, no, it's not in your way,

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Yeah, navigating whatever you want to
call it. Yeah, So you're

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setting yourself up for the great success. As we wrap here, Brian,

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I know that you have sold in
a new category plenty of times in your

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career. Leave us with some parting
words of motivation and some final thoughts.

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All right, So first and foremost, I think I kind of already mentioned

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it, don't try to do this
alone. This needs to be a company

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effort, to the point that if
your company isn't behind it, you may

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not want to hear this on the
podcast, but you might not want to

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work with that company, right,
I mean yeah, because this is a

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totally different go to market conversation than
if you're in an established industry, et

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cetera, et cetera, et cetera. So I think that you've got to

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understand this is a company effort and
the company should want you to push back

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on the messaging that you're being given, and the messaging has got to speak

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to what problems are we solving,
if at all possible, what outcomes are

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we able to drive here? And
why are we able to drive different outcomes

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that other people can't right or can't
get to without us? And those out

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comes in even the problems they have
got to live at the business level.

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They've got to be revenue cost risk
to the business or your customers, because

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that's the thing that's going to get
people's attention. And then last one,

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at least, as I said it, be really quick. I think maybe

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that's not the quite the right word, but be willing to be quick on

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judging whether or not is this organization
up for this conversation. Are they an

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early adopter type of organization or at
least person because if they're not, they

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probably got to go into your B
and C category. Yeah, qualify in

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and qualify out. Yeah that's right. All right, Thank you for jumping

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on and talking through this with me
today, Brian, My pleasure longer than

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ten minutes. Sorry about that,
No, that's okay, that's okay.

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Hey, if you have questions,
if you're finding yourself in this situation and

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00:20:47.160 --> 00:20:51.839
you have questions about this topic what
Brian brought up today, go ahead and

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00:20:52.000 --> 00:20:53.680
visit our center community. You can
ask them there. You can reach out

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00:20:53.759 --> 00:20:56.519
to either of us on LinkedIn.
We'd love to hear from you. Thank

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00:20:56.559 --> 00:21:00.960
you so much for listening to the
Audible Ready Sales pot. At Force Management,

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00:21:02.000 --> 00:21:07.960
we're focused on transforming sales organizations into
elite teams. Our proven methodologies deliver

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00:21:07.079 --> 00:21:12.720
programs that build company alignment and fuel
repeatable revenue growth. Give your teams the

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00:21:12.759 --> 00:21:18.359
ability to execute the growth strategy at
the point of sale. Our strength is

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00:21:18.359 --> 00:21:22.079
our experience. The proof is in
our results. Let's get started. Visit

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00:21:22.160 --> 00:21:27.000
us at forcemanagement dot com. You've
been listening to the Audible Ready podcast.

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To not miss an episode, subscribe
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