Sales Influence Podcast

Financial Strategies The two levers in family finance are reducing costs and increasing income; once costs hit a minimum survival level, focus shifts to income growth. Families often overlook the income side of the equation; exploring ways to leverage skill sets or sell items from the garage and closets can generate additional revenue. Income Optimization The Martinez family discovered they were underpaid and, despite fear, successfully transitioned to new jobs with higher pay, validating the strategy of assessing one's market value. Victor Antonio emphasizes assessing personal skills to determine if one is earning as much as they should, possibly requiring a third-party perspective for clarity. Financial Literacy The first step in improving family financial health is to assess the debt situation and its causes; the second step is enhancing financial IQ to instill urgency for change.

Financial Freedom and Options Money as a raw material represents labor and time, and when processed into options, it guarantees more choices in life, such as buying a house cash or on credit, or switching jobs. The more money you have, the more options you have, which is what Financial Freedom is all about, according to Victor Antonio. Money as Medium of Exchange Money is a medium of exchange that represents energy and work stored on paper, such as a check for $1000 representing 40 hours of labor. Happiness and Wealth Money guarantees options, not happiness, which is a limited argument due to permutations like knowing rich unhappy people and poor happy people.

Victor Antonio explains that there are three distinct types of buyers a salesperson will encounter, and each requires a different sales approach. The first type is the unaware customer, who needs to be made aware of a problem they are experiencing. The second type is aware but apathetic, necessitating a shift in the sales conversation to emphasize pain points and urgency to make them care about the issue. Finally, the third type of buyer is aware and cares but is scared of the risk involved, so the salesperson's job is to mitigate anxiety and increase certainty to facilitate the purchase.

Victor Antonio explains that there are three distinct types of buyers a salesperson will encounter, and each requires a different sales approach. The first type is the unaware customer, who needs to be made aware of a problem they are experiencing. The second type is aware but apathetic, necessitating a shift in the sales conversation to emphasize pain points and urgency to make them care about the issue. Finally, the third type of buyer is aware and cares but is scared of the risk involved, so the salesperson's job is to mitigate anxiety and increase certainty to facilitate the purchase.

Customer Loyalty Metrics Customer loyalty can be measured through three key indicators: repurchase intent, increased spend, and word of mouth (net promoter score). The intersection of repurchase intent, increased spend, and word of mouth provides a comprehensive indication of customer loyalty. Effortless Experience A frictionless buying experience is crucial for customer loyalty, as customers prefer an effortless interaction with companies. The book "The Effortless Experience" by Dixon, Tomen, and Delisia offers empirical data and insights on customer loyalty, particularly valuable for small to medium-sized businesses. Business Impact Focusing on creating an effortless experience can lead to improved customer retention, increased sales velocity, and overall business stickiness.

Sales Process Complexity B2B sales processes are inherently chaotic and non-linear due to changing decision makers, reference points, and company types, requiring salespeople to be highly adaptable. Key Sales Skills Effective salespeople must possess high levels of empathy quotient, product quotient, and persuasion quotient to navigate complex sales environments successfully. Salespeople need to multitask between empathy, education, and persuasion in a circular pattern, adapting to buyers' needs and preferences throughout the sales process. Sales Approach The ability to jump between three cues (empathy, education, persuasion) in response to buyer needs is crucial for success in chaotic sales environments. Customer Understanding A high empathy quotient enables salespeople to understand buyer needs, while a strong product quotient allows for effective education about offerings, and a developed persuasion quotient helps in framing offers and gaining commitment.

Positive Framing Positive questions like "What do you like best?" can shift customer focus to favorable aspects of a product or service, increasing the likelihood of positive feedback. Using loaded questions strategically can guide customers to consider the benefits and strengths of a product, potentially leading to more favorable responses. Customer Engagement Open-ended questions encourage customers to provide detailed, qualitative feedback, offering deeper insights into their preferences and experiences. Implementing follow-up questions helps narrow down responses to the most significant positive aspects, providing more targeted and actionable feedback. Feedback Utilization Customer testimonials derived from positive feedback can be repurposed into effective sales pitches, highlighting real-world benefits and user satisfaction to potential clients.

Cost and Impact of Channel Switching Channel switching can lead to significant financial losses, with an insurance company saving $141,000 per 500,000 calls by getting just 2 out of 10 customers to self-serve on their website. A conservative estimate suggests that a company with an average deal size of $10,000 could lose $120,000 per year in revenue due to a website that's difficult to navigate. Customer Experience and Behavior Customers switching between multiple channels (website, chat, phone, email, Skype) to find information or resolve issues leads to increased frustration and lost business. Funneling customers quickly to the information they need on a website, making it easy to find and quick to access, can reduce channel switching and increase sales. Sales Strategy Reducing customer effort in finding information increases the likelihood of them reaching out to buy, potentially boosting conversion rates and revenue.

Compensation Strategy 💰 Compensation plans directly influence salesperson behavior, with effective plans tying quotas to pocketbook to motivate salespeople to hit numbers and grow the company. 📊 Quota-based commission plans can be designed to provide a bonus for exceeding quota, motivating salespeople to push beyond their targets. Psychological Factors 🧠 Commission plans should be designed with psychological considerations in mind, as they significantly impact salesperson behavior and motivation. Performance Drivers 📈 Commission tied to quota motivates salespeople to hit their numbers, offering a higher percentage of sales revenue when meeting or exceeding quota. 🎯 When salespeople aren't meeting quotas, the primary issue is often the compensation plan, not sales training, as it fails to provide adequate motivation.

Reading Strategies 📚 Only 8% of people read non-fiction business books, while the remaining 92% miss out on introducing new ideas and insights. 🏆 Implement the "100-page rule" to overcome reading hurdles: read the first 100 pages and decide whether to continue or donate the book to Goodwill. Information Extraction 🖊️ Mark up books with tags, underlines, and circles to highlight key information, then rescan to capture an additional 5-10% retention. Book Management 🧹 Maintain a "Golden Bookshelf" by regularly purging books and keeping only the best of the best. Categorization 📊 Organize books into three categories: sales, influence and persuasion, and AI for efficient reference and learning.

Customer Decision-Making 🛒 Guiding customers through choices rather than telling them what to buy leads to a more effective sales experience and increased likelihood of purchase. 🧠 Paralysis by analysis occurs when customers face too many options, as demonstrated by a Stanford study showing only 3% approached a table with 24 flavors versus 30% for 6 flavors. Sales Techniques 🎯 Funneling choices from many to few (e.g., 24 to 6, then to 2-3) helps customers make decisions more easily and reduces buyer's regret. ❓ Asking qualifying questions to understand customer needs and providing 2-3 tailored options creates a more personalized and effective selling approach. Customer-Centric Approach 🤝 Validating customer preferences through targeted questions and narrowing choices based on their responses enhances the overall customer experience and increases sales success.

Performance Management 🎯 Measure output to manage results and avoid micromanaging, but switch to measuring activities when not hitting numbers to guarantee output, as per Dr. Michael Lebau's "The Greatest Management Principle in the World" (1985). 📊 To ensure output, focus on key metrics introduced by Frank B. Kern in the 1940s-50s: cold calls, call-to-meeting ratio, pipeline size, average deal size, close rate, and sales cycle length. Diagnostic Approach 🔍 When performance lags, zoom in on specific activities while maintaining oversight of high-level dashboard metrics like sales, new clients, and revenue. Motivation and Rewards 🏆 Recognize and reward desired activities through both monetary and non-monetary means (e.g., encouragement) to motivate people and drive the right behaviors. Strategic Shift 🔄 Flip the equation from output measurement to activity measurement when targets are missed, ensuring that the right activities are being performed to achieve desired outcomes.

The Cycle of Success 🔄 Attitude leads to activity, which leads to achievement, which reinforces attitude in the "wheel of success" cycle. 🎯 Results guarantee a good attitude, not vice versa, as achieving goals validates one's approach and boosts self-esteem. Overcoming Procrastination 🏋️ Jordan Peterson's strategy of "lowering the bar" involves breaking goals into smaller, manageable sub-goals to build momentum and confidence. 📚 Example: To read more books, start with one page a day and gradually increase, creating a habit and overcoming procrastination. Momentum and Motivation 🚀 Getting results drives a good attitude, creating a positive feedback loop where small achievements lead to greater goals and motivation. 💪 The "Peterson principle" of breaking down activities into achievable sub-goals is a powerful strategy for overcoming procrastination and achieving success.

There are three customer buying situations that dictate the approach a salesperson should take. First, for clients not currently using any solution, the presentation must create a sense of need and urgency for the product. Second, when customers are using a do-it-yourself or in-house solution, the sales strategy shifts to an advantage presentation, highlighting the superior benefits of the offered product. Finally, for clients already utilizing a competitor's product, the focus becomes a switchover presentation, emphasizing the positive outcomes and ease of transitioning to the new system. Understanding these states allows salespeople to tailor their presentations effectively, moving beyond generic pitches to address specific customer contexts.

Compensation and Motivation 🏆 The most motivated salespeople achieve a great balance between loving their product and feeling financially appreciated by their company through an effective compensation plan. 💰 Salespeople require monetary compensation, not just gratitude and joy, to pay bills and stay motivated in delivering value-centric, customer-focused service. Sales Performance Framework 📊 The "left side of the ledger" in sales represents what salespeople do for customers, while the "right side" reflects their financial rewards, forming a holistic performance framework. Management Strategy 👔 Managers should prioritize creating a compensation plan that excites and motivates salespeople to provide value-centric, customer-centric service on behalf of the company. Employee Appreciation 🌟 Companies can demonstrate appreciation for salespeople by implementing a compensation structure that aligns with their efforts in delivering customer value and achieving sales targets.

Key Insights on Speaker Types 🎙️ The 80/20 rule applies to speakers: 80% are descriptive, focusing on market trends, while 20% are prescriptive, providing actionable steps. 🔍 Descriptive speakers concentrate on "what's happening" in the market, detailing changes in sales processes and buyer behavior. 🛠️ Prescriptive speakers are tactical, offering step-by-step implementation plans and focusing on behavioral changes for market success. Effective Communication Strategies 🔀 The most effective speakers balance description and prescription, providing both market insights and actionable advice. ⚖️ When communicating with customers, striking a balance between descriptive and prescriptive approaches is crucial for optimal engagement and results.

Vision vs. Mission Board A vision board displays aspirational items like a Bugatti or mansion, while a mission board breaks down daily activities to achieve those goals, such as making 27 calls per day to close 20% of deals and earn $20,000/month. Sales Pipeline Breakdown To afford a $240,000 Bugatti, one must earn $20,000/month for 12 months, requiring 4 sales per month with an average commission of $5,000 each and maintaining 20 deals in the pipeline with a 20% close rate. Achieving the Bugatti goal necessitates making 600 calls per month to get 20 deals in the pipeline, closing 4 deals monthly with a 20% close rate. Daily Sales Activities With 22 working days per month, a salesperson must make 27 calls per day to reach the required 600 calls per month for maintaining the necessary pipeline. The sales funnel breakdown shows that 30 calls lead to 10 meetings, resulting in 1 closed deal at $5,000, illustrating the importance of consistent daily activity to achieve long-term goals.

Compensation Structure A base plus Commission plan is optimal for long sales cycles (3-5 months), providing a motivating base salary and Commission tied to quota to encourage salespeople to accelerate revenue beyond targets. In this model, salespeople earn a percentage of base salary as Commission, with payouts starting at 50% of quota and increasing as they achieve higher percentages. Motivation and Performance Accelerators like 150% payout for sales above quota and 200% payout for exceeding 1.5 times quota create financial energy driving salespeople to sell more. A quota-based Commission plan outperforms a percentage of sales plan by tying rewards to quota achievement rather than raw sales performance. Plan Design Effective plan design involves setting a base salary, quota, and determining the Commission structure with specific percentages and payouts for each quota level achieved. This structure creates a financial incentive that motivates salespeople to hit their numbers and accelerate revenue beyond quota, benefiting both the individual and the company.

Building Trust and Overcoming Anxiety 🤝 To alleviate mental pain from bad past experiences, provide similar recent projects, video testimonials, and references to build trust. 💰 Address budget concerns by directly asking about price range, offering options within that range, and providing payment plans to make purchases more manageable. Managing Expectations and Decision-Making ⏰ Overcome timing issues by providing realistic timelines, highlighting potential delays, and tying conversations to past experiences to manage expectations. 🔍 To address overbuying or underbuying anxiety, offer good, better, best options and inquire about long-term plans to ensure selling the right solution. Demonstrating Expertise and Pricing Strategy 🏆 Demonstrate expertise through insight, information, and proof of similar jobs to help clients trust themselves and make decisions when faced with too many options.

Brent Adamson reveals why most sales reps fail to connect with buyers - and his breakthrough approach that makes customers actually want to talk to you. Grab a copy of Brent's new book "The Framemaking Sale: Sell More by Boosting Customer Confidence" (Amazon): https://geni.us/FramemakingSale Brent exposes the hidden psychology behind buyer decision-making and introduces his revolutionary "Framemaking" mindset. After analyzing thousands of B2B purchases, Adamson discovered the single factor that drives high-value, low-regret deals - and it's not what you think. You'll Learn: • The "confidence margin" that determines whether prospects buy or stay stuck • Why the "smartness arms race" killed traditional sales differentiation • His "supplier agnostic" mindset that transforms you into the rep customers seek out • The frame-making technique that helps overwhelmed buyers become confident decision-makers This isn't about product expertise or objection handling - it's about becoming the one salesperson customers trust to help them trust themselves. Discover why your humanity, not your knowledge, is your ultimate competitive edge in the AI era. ✅ A to B Insight: https://www.atobinsight.com ✅ The Framemaking Sale website: https://www.theframemakingsale.com 00:00 Welcome Brent Adamson! 04:08 Unexpected Collaboration Origin Story 09:41 High-Quality Buyer Content Feedback 10:26 Challenger Approach: Customer-Centric Insight 14:57 "Navigating Conflicting Insights Effectively" 18:54 High-Quality Purchase Drivers 20:42 Human Emotion in B2B Purchases 24:31 Decision Confidence and Uncertainty 26:25 "Feeling-Driven Business Success" 31:38 AI-Assisted Decision Making 33:12 "Capitalizing on Human-AI Sales Moments" 36:43 Customer-Centric Advisory Approach 40:16 Inspired Leadership: Customer-Centric Focus 43:00 AI vs. Human Sales Complexity 48:25 "Differentiate by Empowering Customers" 49:22 CRM Decision Impact Concerns