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Table of Contents
Time Stamps:
- 00:27 – From job fair to C-suite
- 03:50 – Bridging brands and customers
- 08:58 – From founder-led to sales-led
- 13:48 – Targeting the right audience
- 19:04 – Capturing opportunities at every sales stage
- 23:30 – Scaling a sales team in the modern market
- 27:09 – Why a stage-gate sales process matters
- 31:19 – Economics, customer, and competition
- 34:30 – Shannon’s book recommendation, Rework by Jason Fried
Highlights:
From Founder-Led to Sales-Led
Terakeet once thrived with a founder-led sales approach, selling to startups. However, as the market changed, so did its focus. The company transitioned from offering in-demand but now commoditized services to delivering sophisticated solutions personalized for Fortune 500 companies. So rather than jumping to immediate proposals, Terakeet prioritizes understanding its client’s needs deeply. By aligning its top executives with theirs, the company fosters valuable executive sponsorships, which streamlines the sales process and ensures Terakeet delivers tailored impactful solutions.
Why a Stage-Gate Sales Process Matters
Terakeet’s stage gate process ensures one phase is completed before moving to the next. A key component is securing an executive sponsor who provides oversight and decision-making authority, making the entire sales journey more predictable. This structured seven-step approach revolves around a matrix integrating both teams and their respective information. The executive sponsor’s role is vital, and the following steps involve methodically gathering data, helping in forecasting, and enhancing the sales-to-service transition.
Mastering the Trifecta: Economics, Customer, and Competition
Shannon highlights the crucial importance of early understanding in three core areas when it comes to employing data. First, economics: it’s essential to fully capture the value of visits, conversions, and the familiar performance benchmarks for stakeholders. Second, customer insights: diving deep into the profile of main customers and identifying untapped markets becomes essential. This process is more than just data; it’s about truly connecting with customer personas and their unique needs. Lastly, the competitive landscape: identifying main competitors, as well as their strengths and weaknesses, offers priceless clarity on the broader market dynamics and ignites the motivation to surge ahead of rivals.
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