Sales Mastermind
Step 1: Define your Ideal Customer Profile 🏦 Just like sales, don't reach out to companies that don't fit your ICP. It's a waste of your time and their time if you What are the demographics of a company you'd be excited to work at? * Geographic Location * Company Size * Industries you're a great fit for (not necessarily have experience in) * Funding stage What cultural traits and characteristics would make you feel welcome? * Meritocratic culture, where high performance is rewarded * Ability to make an impact if your ideas are sound * Remote friendly with an office nearby * Catered meals and regular company outings What income potential would compel your motivation and hunger to grow? * $60k base with $120k OTE * SMB or Mid-Market Account Executive role * Competitive equity package * 401k with at least 3% company match Step 2: Define activity levels and outcomes to create a sales funnel💪 Just like sales, your activity serves a purpose: book meetings. Use math to project your desired outcomes from your activity levels like so: (2+2)*5 = 20 touches per week. 80 per month. Assume a 10% touch point to meeting conversion rate. 2 meetings per week. 8 per month. Assume a 50% first interview to follow-up interview conversion rate. 4 per month. Assume a 25% follow-up interview to job offer conversion rate. 1 per month. Step 3: Create a system to track your progress 🧠 Just like sales, you don't rely on memory or luck to win a new customer. You have a CRM, and you track every prospect in a system to see where they're at in the sales cycle. Use Google Sheets to track your progress, with the following columns: * Company Name * URL * Careers Page * Role * Economic Buyer (name of the VP of Sales, CEO, Sales Director, etc) * Their Email * Their LinkedIn * Their Twitter * Your Mutual Connections * Opportunity Status (To Do, Applied, Pitched, Interviewing, Closed Won, Closed Lost)
13 episoder
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