How To Set Next Steps In Sales With The 5 Minute Drill

There is an extreme over-rotation in sales on setting next steps. Setting next steps is NOT always a good thing. ๐Ÿ›‘ Bad: Never setting next steps ๐ŸŸก Okay: Setting steps on every deal ๐ŸŸข Good: Setting steps on REAL deals Instead, first determine if the deal is worth setting next steps with at all. Then, you should recommend the appropriate next step, but only if your prospects have proven that it's worth keeping them in your pipeline. That's where the Five Minute Drill comes in: Three questions you can ask at the end of every single call to determine if and how you set a next step. ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง 1: ๐ƒ๐จ ๐˜๐จ๐ฎ ๐–๐š๐ง๐ง๐š ๐๐ฎ๐ฒ? If you can practice ONE THING, it's this. Any time you offer a demo, a pilot, a proposal, you are giving your time away to a prospect. And that's fine. But only if you get something in return. If you're investing more time with them, you should expect that they won't waste it and affirm that this is actually leading somewhere. ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง 2: ๐–๐ก๐ž๐ง ๐๐จ ๐ฒ๐จ๐ฎ ๐ฐ๐š๐ง๐ง๐š ๐›๐ฎ๐ฒ? You can't properly suggest a next step until you understand their timeline to solve the problem we just agreed upon. If they want to solve this problem in 3 weeks, we'll use their answer to drive far more urgency than if this weren't a problem to solve for 6 months. ๐๐ฎ๐ž๐ฌ๐ญ๐ข๐จ๐ง 3: ๐‡๐จ๐ฐ ๐๐จ ๐ฒ๐จ๐ฎ ๐ฐ๐š๐ง๐ง๐š ๐›๐ฎ๐ฒ. Guess what, the last question isn't a question. You should always suggest and confirm next steps because you've sold your software far more times than they've bought it. Frame your ask in terms of their best interest, not yours. Based on what you learned in the first two questions: what is the next step you need to take to solve their problem by the time they want it solved? And don't just suggest one next step, suggest next-next steps so they explicitly buy into a sales process, not a free 60 minute demo. Full breakdown of the 5 minute drill: https://www.30mpc.com/newsletter/how-to-set-next-steps-in-sales-with-the-5-minute-drill Join our weekly newsletter: https://hubs.li/Q02NJQ8p0 Things you can steal: https://linktr.ee/30mpc_youtube #30Minutestopresidentsclub #30mpc

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The #1 sales podcast in the world, fueled by hyper-actionable sales tactics from the top 1% sellers at companies likeย Salesforce, Gong, Outreach, Slack, LinkedIn, Keller Williams, Northwestern Mutual. 30 Minutes to President's Club cuts all the BS, fluffy mindset stories, and sales academia to give you the most actionable sales tactics that get you to President's Club. Every episode is a supercharged 30 minutes where you'll hear step-by-step breakdowns in every key dimension of sales, including: Prospecting: How to open conversations to triple your pipeline Discovery: How to ask questions that uncover massive pain Process: How to get big contracts over the line Leadership: How to hire and train world class teams. Your founding hosts are Nick Cegelski (3x top enterprise seller) and Armand Farrokh (VP of Sales at 29, ex-Pave, ex-Carta) joined by co-host Mark Kosoglow (CRO @ Catalyst, ex-Outreach).ย  Whether you're seller listening to the (SELL) show or leader tuning into the (LEAD) showโ€ฆ Get ready, you're going to President's Club.