Lunch Money with Scott and Edan

Negotiate This! What Salespeople Should Know About Contracts

31 min · 15 apr 2025
aflevering Negotiate This! What Salespeople Should Know About Contracts artwork

Beschrijving

Salespeople love to talk discounts—but that’s just one line in the contract. In this episode, Scott Schnaars and Edan Gottlib break down the six most important things beyond price that every rep should understand and negotiate: * Price caps * Limitation of liability and indemnification * Termination clauses * Payment terms * Governing law & arbitration * Performance guarantees Learn how to play offense (not just defense) during the contract stage—and why negotiation should be the fun part of sales.

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aflevering Proof of Concept or Proof of Confusion? How to Stop Giving Away Free Work artwork

Proof of Concept or Proof of Confusion? How to Stop Giving Away Free Work

Summary In this episode of Lunch Money, Scott Schnaars and Edan Gottlib delve into the complexities of Proof of Concepts (POCs) in the sales process. They discuss why clients request POCs, the potential pitfalls of engaging in them, and how to effectively manage and transition from POCs to paid pilots. The conversation emphasizes the importance of understanding the client's needs, controlling the scope of the POC, and treating the process with the seriousness it deserves to ensure successful outcomes. Takeaways * Clients ask for POCs to de-risk their decision-making process. * Understanding what the client wants to prove is crucial before starting a POC. * POCs can delay deals and create unnecessary work if not managed properly. * A successful POC requires clear success criteria and a defined timeline. * Transitioning from a POC to a paid pilot can ensure commitment from the client. * Companies should have a standardized process for managing POCs. * Limiting the number of concurrent POCs can create urgency and value. * Treating a POC like a real deal can lead to better outcomes. * POCs should not be used as a discovery tool but as a means to close deals. * Free POCs can lead to costly outcomes if not approached correctly. Chapters 00:00 Introduction to Proof of Concept 02:58 Understanding the Need for POCs 05:51 Evaluating the Effectiveness of POCs 09:14 Transitioning from POCs to Paid Pilots 12:17 Managing POCs Effectively 15:03 Closing Thoughts on POCs 19:33 Shorts Outro.mp4

12 mei 202518 min