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Trigger Event Selling: How to Find Hidden Opportunities & Shorten Sales Cycles. Presented by Craig Elias at the Sales 2.0 conference in Boston in June 2010
1. Craig Elias Creator of Trigger Event Selling™ SALES TRIGGERS Find Hidden Opportunities and Shorten Sales Cycles
9. Timing and Buying Modes Happy with Status Quo Not Searching For Alternatives Unhappy with Status Quo Not Searching For Alternatives Unhappy with Status Quo Searching For Alternatives Status Quo Window of Dissatisfaction ™ Searching Alternatives
10. Timing and Close Ratios 0% 60 – 90%* 16%** **Aberdeeen Research: Lead Lifecycle Management: Building a Pipeline that Never Leaks, 2009 * InnerSell Survey of over 200 sales executives and sales people, 2003 Status Quo Window of Dissatisfaction ™ Searching Alternatives
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12. Timing and Selling Higher Close Ratio Shorter Sales Cycle Higher Prices Lower Close Ratio Longer Sales Cycle Lower Prices Value Value Window of Dissatisfaction ™ Searching Alternatives Value Status Quo
13. Timing and Customers Reference Core Peripheral Loyal 80% of Profit Referrals Disloyal 80% of Headaches 20% of Headaches 20% of Profit Window of Dissatisfaction ™ Searching Alternatives
14. Value Proposition Increased Margins Higher Close Ratios Shorter Sales Cycles Core Customers Loyal Customers 80% of Profit References & Referrals Grow Faster! Window of Dissatisfaction ™
15. How To Know Not Interested Don`t need it right now We`ll be looking at that in a few months Call me back in ??? November when well be looking Currently looking Send me a quote Status Quo Window of Dissatisfaction ™ Searching Alternatives
24. The Brute Force Method McKinsey Quarterly: The basics of business-to-business sales success, May 2010 1,200 purchasing decision makers in small, medium, and large companies in USA and Western Europe
25. Gerhard’s Tree of Discontent http://sellingpower.typepad.com/gg/customer-relationships/