5 • 20 Ratings
🗓️ 7 August 2024
⏱️ 26 minutes
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0:00.0 | Welcome to Decoding Sales, a podcast where an engineer, that's me Alice, and a salesperson, that's me Peter, talk |
0:16.0 | about the art and science of sales as it relates to life and business. |
0:20.6 | In this episode we're going to talk about founder-led sales mistakes. |
0:25.0 | Mistake number two, not disqualifying bad fit leads. |
0:28.0 | Peter, I'm really excited for this topic because this is, I think, as you put it, |
0:32.0 | one of the most important things people can get wrong. |
0:34.0 | So tell me a little bit when you're talking about this, what are the kinds of situations you're thinking about? |
0:39.6 | Yeah, I think there's a few situations. |
0:41.2 | One is founders who are trying to chase the shiny logo and get enamored by that without |
0:46.4 | realizing that maybe the paint point isn't a good fit or your solution doesn't quite |
0:51.1 | address what they're looking for. |
0:53.2 | I think that's really dangerous because no matter |
0:56.0 | how notable the logo is, if they're |
0:57.7 | going to suck up a lot of time |
0:58.8 | and ultimately not procure your platform, |
1:01.3 | that's going to eat into your resources and you don't have a lot of that as a startup, right? your even if you're not dealing with like a Nike or Home Depot, you could also waste a lot of time with smaller |
1:14.8 | companies too, because you have this thought that your product is a fit when it's not. |
1:20.3 | So I think it's just really important when you have limited resources and that's a lot more of an acute pain point when you're a startup to ensure you're working with people who have a high chance of closing and that align with your way of thinking about the world. |
1:35.2 | That makes sense, that's great. |
1:36.2 | So for those two examples, what are the signs that you're in a deal process with someone that you should be getting out of. |
1:44.6 | Yeah, I think there's a few signs. One is, you know, we talk about this in the pitch deck episode |
1:50.0 | as like the pitch deck being a qualification tool versus a pitch deck and so when you're asking |
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