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Objection Handling #vorsight @srichardv @discoverorg

2012-12-5 Handling Objections and Getting to Yes

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Page 1: 2012-12-5 Handling Objections and Getting to Yes

Objection Handling

#vorsight @srichardv@discoverorg

Page 2: 2012-12-5 Handling Objections and Getting to Yes

Revising our sales rep hiring strategy

Revising our compensation program

Revising our channel strategy

Evaluating/implementing CRM solutions

Revising our sales team structure

Revising our sales tools

Enhancing sales team communications

More closely aligning sales and marketing

Analyzing our customer's buying process

Improving sales rep access to information

Revising our sales process

Revising/enhancing our lead generation programs

0% 10% 20% 30% 40% 50%

0.185

0.249

0.252

0.282

0.286

0.312000000000001

0.326000000000001

0.328000000000001

0.332000000000001

0.346

0.380000000000001

0.459

Top Sales Effectiveness Initiatives for 2012

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“On average, sales reps dedicate 15% of time to prospecting; that isn’t much time to create 60-70% of the overall new leads needed to maintain a 3x pipeline-to-quota ratio.”

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Attention

Meeting

Needs ID

Solution

Close

InterestTO

FU

BO

FU

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“How Do I Overcome Objections in

Different Parts of the Buying Process?”

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Agenda

1.Objection Prevention2.Top of Funnel Objections

3.Bottom of Funnel Objections

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1Objection

Prevention

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ICP ExampleVorsight ICP Criteria

Criteria Sweet Spot

Sales team size 5-250 (sales role we train)

Verticalsoftware, B2B services, telecom, manufacturing, life sciences

Sales roles hunters, lead gen, broader/deeper

Open sales jobs hiring/growing

Lack internal resources limited training resources

Invest in training history of hiring 3rd party training

How source opps prospecting, lead qualification

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Caller ID Looks Different

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Social Connection

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3x3 Research

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Current Processes & Systems

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Hypothesis of Need & Pain

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Fix, Accomplish, Avoid?

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Get 3x3s & HoN in Your CRM!

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2Top of Funnel

Objections

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What Do Objections OTP Actually Mean?

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1. I’m Not Listening

2. I’m Confused

3. I Don’t See the Value

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Features, Advantages,

Benefits

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Address It Directly

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Probe with Questions

(Before you earn the right

to)

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Verbal Judo Steps:

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#1 Listen

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It’s funny that you mention that because…

I get that a lot

I see what you are saying

Definitely...that’s exactly why I’m calling

Others tell me that…

You probably get a bunch of these calls

I feel where you’re coming from

#2 Empathize & Repeat

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#3 Use Client Voice

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#4 Objection Handling Toolkit

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Let’s Practice

Verbal Judo

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“We’re Happy with Our Current

Vendor”

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“I have no budget.”

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“Talk to my direct report.”

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“Not interested.”

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3Bottom of Funnel

Objections

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Purpose

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Probe to ID & Develop Needs

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Consult & Provide Insights

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Match Solution

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Landscape of DM Types

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Next Steps & Observable Behavior

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Hundreds of IT Firms have chosen DiscoverOrg

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www.vorsight.com/roi

@discoverorg @srichardv