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BoSUSA20 Online | Bob Moesta | Demand Side Sales 101
1.
Demand-Side Sales 101 –
Bob Moesta Stop “Selling” and Start Helping Your Customers Make Progress September 2020 Tuesday, September 29, 2020 © Bob Moesta 2020 1
2.
I Am an Engineer
. . . . Detroit +3500JTBD Tuesday, September 29, 2020 © Bob Moesta 2020 2
3.
My Second Startup
–A Countertop Company Tuesday, September 29, 2020 © Bob Moesta 2020 3
4.
My Approach to
Sell - 1999 Tuesday, September 29, 2020 © Bob Moesta 2020 4
5.
Bob Ericson’s Advice
– “Help them Buy, Don’t Sell” Observe Tuesday, September 29, 2020 © Bob Moesta 2020 5
6.
Then I Listened & Observed
. . . Tuesday, September 29, 2020 © Bob Moesta 2020 6
7.
What I did
. . . Made Quoting a 1 Page, 3 step Process Simplified the Colors to 12 (was 64) Increased the size of our samples from 1” X 1” to 2” X 2” Tuesday, September 29, 2020 © Bob Moesta 2020 7
8.
The Results .
. . Sales went from $500K to almost $20 million in 18 months Ran out of resources and had to merge with a bigger supplier Tuesday, September 29, 2020 © Bob Moesta 2020 8
9.
Hardest Part of
any business? Tuesday, September 29, 2020 © Bob Moesta 2020 9
10.
Why so Few “Sales” Professors? Sitting
in Clay’s Office ….. Tuesday, September 29, 2020 © Bob Moesta 2020 10
11.
Start-ups – Why no
Sales? Tuesday, September 29, 2020 © Bob Moesta 2020 11
12.
Lots of Practice
but no real “Sales Theory” A Lot of Practices Tuesday, September 29, 2020 © Bob Moesta 2020 12
13.
The thread that
We pulled . . . . “What people in Business think they know about the customer and the market is likely to be more wrong than right .. The customer rarely buys what the business thinks it sells them.” Peter Drucker- 1950 Tuesday, September 29, 2020 © Bob Moesta 2020 13
14.
The Extreme Disconnect
– Think of Cameras . . . . The Company – The Supply Side The Consumer – The Demand Side Tuesday, September 29, 2020 © Bob Moesta 2020 14
15.
What Happened? 2019 –
1.2 trillion pictures are taken Tuesday, September 29, 2020 © Bob Moesta 2020 15
16.
How does this
Happen? Tuesday, September 29, 2020 © Bob Moesta 2020 16
17.
Some Companies Focus
too much on “The Product” and “Competition” Tuesday, September 29, 2020 © Bob Moesta 2020 17
18.
Two Dominant Perspectives:
Supply-Side vs Demand-Side Tuesday, September 29, 2020 © Bob Moesta 2020 18
19.
Supply-Side – ”How
do we sell our product?” Sell Product & Services “The Market” “Personas” “Leads” Market Segmentation “Prospects” Tuesday, September 29, 2020 © Bob Moesta 2020 19
20.
20 “The Struggling Moment
is the Seed for all INNOVATION” Tuesday, September 29, 2020 © Bob Moesta 2020
21.
Demand-Side – “How
does someone Buy Something New?” Buy and Consume Product and Services Tuesday, September 29, 2020 © Bob Moesta 2020 21
22.
Supply-Side vs Demand-Side:
Different Language & Process ”How do I Buy…….”“How do I Sell….” Tuesday, September 29, 2020 © Bob Moesta 2020 22
23.
Supply-Side (Product) vs
Demand-Side (Progress) Tuesday, September 29, 2020 © Bob Moesta 2020 23
24.
So I want
to ….. Re-frame the “reference” Point for Sales From Our ”Product” + (Features & Benefits) “The Consumer” To Their ”Progress” + (Struggling Moments + Trade-offs) Product (What) Who, Where, When, Why, How and How Much. “Progress” (Who, When, Where, & Why) What, How and How Much. “The Product” Tuesday, September 29, 2020 © Bob Moesta 2020 24
25.
Supply-Side vs Demand-Side:
Different Language & Process ”How do I Buy…….”“How do I Sell….” Tuesday, September 29, 2020 © Bob Moesta 2020 25
26.
26 “The Struggling Moment
is the Seed for all INNOVATION” Tuesday, September 29, 2020 © Bob Moesta 2020
27.
Humans are Creatures
of Habit Tuesday, September 29, 2020 © Bob Moesta 2020 27
28.
Back to JTBD
Basics - Why do People Buy new things? “People don’t buy products, theY hire them to do a Job and make progress in their life!” Jobs-To-Be-Done Tuesday, September 29, 2020 © Bob Moesta 2020 28
29.
Progress IS Caused
– JTBD Forces of Progress Tuesday, September 29, 2020 © Bob Moesta 2020 29
30.
The Process of
making Progress - JTBD TimeLine Tuesday, September 29, 2020 © Bob Moesta 2020 30
31.
What are The
Dominoes that have to fall for them to make progress? (The Set of Dominoes) Not Random – But Caused Tuesday, September 29, 2020 © Bob Moesta 2020 31
32.
Sales is Supply-Side
& Progress is Demand-Side Pull Sales Funnel Tuesday, September 29, 2020 © Bob Moesta 2020 32
33.
Let’s Slow it
Down - The Customer’s Buying TimeLine Tuesday, September 29, 2020 © Bob Moesta 2020 33
34.
1 – “first
thought”: 4 ways to create • Ask a Question (and do not answer it) • Tell a Story (that they can relate to) • Give them a new Metric (They can make) • State the obvious (Boldly) Tuesday, September 29, 2020 © Bob Moesta 2020 34
35.
2 – “Passive
Looking”: Learning the Problem & Solutions • Framing their Problem • Searching for solutions (Very High Level) • Building language to Discuss with others • Deciding if it worth the effort to Switch Tuesday, September 29, 2020 © Bob Moesta 2020 35
36.
3 – “Active
Looking”: 4 ways to create • Seeing the possibilities • “Orthogonal” features – one thing at a time • Imagining what is possible • Magic Wand thinking Tuesday, September 29, 2020 © Bob Moesta 2020 36
37.
4 – “Deciding”:
Making Trade-off • Connecting the Dots & Framing Complete Options • Seeing real constraints - Time, Money, Knowledge • Picking a staring point • Get alignment or buy-in from others • Locking final expectations in Tuesday, September 29, 2020 © Bob Moesta 2020 37
38.
5 – “First
Use”: On-Boarding & Making Progress • Expectations for satisfaction are set stone • On-boarding & Getting Started • Feeling Progress (See & Feel) • Make real progress Tuesday, September 29, 2020 © Bob Moesta 2020 38
39.
6 – “On-Going”
Use: Building Habits • Building new habits, firing old habits • Emergent of new struggling moments • Now that progress is reached a new progress destination is set Tuesday, September 29, 2020 © Bob Moesta 2020 39
40.
That is why
. . . Tuesday, September 29, 2020 © Bob Moesta 2020 40
41.
Autobooks – Fintech
in Detroit Chris Spiek Chief Product Officer (Co-Founder of Re-Wired) Kyle Bazzy VP Sales Derik Sutton VP Marketing Translate traditional Bank into an e-commerce Platform Steve Robert – CEO & Co- Founder Tuesday, September 29, 2020 © Bob Moesta 2020 41
42.
AutoBOoks – How
Can I help? Every 90 Days they would end up re- working the Demo because it did not work Struggling Moment?The Demo! Tuesday, September 29, 2020 © Bob Moesta 2020 42
43.
The Demo –
Who’s timeline? “1 Demo” Where are they in Their ”Timeline”? Tuesday, September 29, 2020 © Bob Moesta 2020 43
44.
The Demo –
Who’s timeline? Tuesday, September 29, 2020 © Bob Moesta 2020 44
45.
The Bank’s Buying
TimeLine Demo #1 Learning Demo #2 Possibilities Demo #3 Trade-offs Almost “Beg” For next Demo Tuesday, September 29, 2020 © Bob Moesta 2020 45
46.
How the sales
process has changed: Who Where, When & Why JTBD #1 JTBD #2 JTBD #3 Sales People Bank Prospect Bank Customer Tuesday, September 29, 2020 © Bob Moesta 2020 46
47.
Autobook Results: • Almost
½X time to close From lead to customer + More interaction • 2X on lead conversion • Bonus: Program Performance + Launch– Is More Successful + Faster + LESS work ON THE Back END. Tuesday, September 29, 2020 © Bob Moesta 2020 47
48.
Traditional view of
Marketing, Sales & Customer Success Tuesday, September 29, 2020 © Bob Moesta 2020 48
49.
Demand-Side Sales Builds
Alignment and Focus Tuesday, September 29, 2020 © Bob Moesta 2020 49
50.
Focus on the
Demand-Side to Help Customer Buy! “What people in Business think they know about the customer and the market is likely to be more wrong than right .. The customer rarely buys what the business think it sells them.” Peter Drucker Tuesday, September 29, 2020 © Bob Moesta 2020 50
51.
Tips to MAKE
PROGRESS On demand-Side SALES • See the struggling moments & help people over come them • Think about progress they are trying to make • Think about where they are in their “buying” process • Focus on “buying language” and less on “selling language” • Help people frame and make trade-offs by giving them contrast Help your customers make progress! Tuesday, September 29, 2020 © Bob Moesta 2020 51
52.
Thank YOu Bob Moesta @bmoesta Tuesday,
September 29, 2020 © Bob Moesta 2020 52
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