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Decoding Sales

Episode 40: 3 things Peter got wrong!

Decoding Sales

Peter & Alex

Enterprise Sales, Business, Virtual Selling, Sales, Entrepreneurship, Software Sales

520 Ratings

🗓️ 19 December 2024

⏱️ 37 minutes

🧾️ Download transcript

Summary

Send us a textAt the end of the year, Peter and Alex look back on what Peter's learned coaching startups and three places he's changed his mind.They cover: Peter's new thoughts on BANT and MEDDIC as discovery and sales qualification frameworks. (Originally discussed in the BANT and MEDDIC episode from December of 2022)Why Salesforce may not be the best CRM to start with if you're an early stage founder (originally discussed in in the CRM 101 episode from 2021)The changing archetype of wh...

Transcript

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0:00.0

Welcome to Decoding Sales, a podcast. We're an engineer. That's me, Alex, and a salesperson.

0:14.5

That's me, Peter. Talk with the art and science of sales as relates to life and business.

0:18.9

In this episode, we are going to revisit

0:20.8

some topics that Peter has changed his mind on. We want to give you the best information.

0:26.1

So when Peter is wrong, we are here to correct it. So we're going to cover a number of different

0:30.6

topics, including Bant versus Medic, what CRM to use, and what are the right qualifications

0:37.1

for a first sales hire.

0:39.3

So Peter, I'd love to just straight up dive in.

0:42.3

I know it's a little uncomfortably wrong, but we're going to just go through the places that you change your mind.

0:47.3

So the first one is on Bant versus Medic.

0:50.3

You've changed your tune on what startup should be using.

0:53.3

Can you first tell us what are they

0:55.1

what are they for and then what's different what's new yeah bent and medic or med pick are

1:01.3

qualification frameworks to determine whether or not you should continue down the sales process

1:07.1

with a specific prospect or disqualify them out of your pipeline. So oftentimes when I go

1:12.6

to clients, they ask me, hey, what should we do with our discovery framework? How should we actually

1:17.8

look at a lead, qualify it in and out of the sales pipeline? And most of the time, actually,

1:25.1

folks use MedPick.

1:31.1

And I think it's because MedPick feels a little bit more sophisticated.

1:33.2

There's a lot more letters in the acronym.

1:37.7

It feels like maybe you're batting above your way because all large sales teams use MedPick.

1:38.8

And they have this very clear qualification process.

...

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