The purpose of the cold call is to sell the discovery meeting. That’s it.
How do you go about it?
You can use the 2 scripts in this thread and I’ll share what makes them so powerful
Here we go..
Humans are pattern recognition machines.
The brain creates heuristics (shortcuts) to allow us to make quick decisions and conserve brain power
The underlined text is a Pattern Interrupt.
The brutal honesty disarms the prospect & gives you an opening to continue
Cold calls shouldn’t be longer than a couple minutes. Rarely will you do deeper discovery here.
Every minute counts, so the Pattern Interrupt “buys” us time to plow forward
It’s also incredible at getting attention and arousing curiosity
Attention / Curiosity is the name of the game in Sales.
Cold calls are just a potent, shortened version of selling.
Now you might be thinking “How do i handle objections on the cold call?”
I’m not a fan of “handling” objections when they come up. I rather bring them up first (front loading) because it shows i’m fearless (i am) AND competent
Here’s how to apply it in the second script:
The first underlined text is where I Front Load the 2 most common objections, set aside the objections, and show I understand his world (Pacing) + arouse curiosity
The second underlined word track injects some uncertainty + status to ease him into the rest of the call
then finish up with asking an obvious question
“Would that be meaningful?”
Notice I didn’t say valuable.
Just cause something is valuable doesn’t mean it’s meaningful.
Read that again ^
This needs to be MEANINGFUL to him, so his agreement shows me I’ve hooked him
At this point they can say Yes or No
If Yes, great. Have them elaborate a bit more
If No, thank him because no more wasted time
After the context you lock in the meeting.
This strategy is quite effective & books you demos with only investing just a couple minutes on the call
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If I had a great product and had to break into a new territory, first thing i would do is pit my prospects against their competitors
I would do that by reaching out to all of them and name drop their fiercest competitors
That would get me the meeting
Then..
before the meeting, I would brainstorm 10 ideas and ways i can make an impact on their business
I would only reveal a few ideas in the meeting and But make it seem like I just came up with them on the spot (massively raising my perceived Competence)
Then..
when their interest and curiosity levels are high enough i’ll end the meeting sooner than expected and on my terms aka
“Lots to think about here. If i’m being honest, I’m not entirely sure we’re the right fit let me sleep on it and get back to you in a few days”
I was tasked recently to get funding from a large corp for a dying SaaS
We walked away securing a clean ~$1.4M in funding
Some thoughts / lessons on the experience 👇🏼
Pitching to the C suite of a multi billion dollar org is just a completely different game
At the top the conversations are even more:
1) Simple 2) Big picture 3) Concise
Competency at that level is a different world compared to selling SaaS to VP’s
Apples to oranges
They were ~20 min late for the meeting
This is a Sh*t test & to be expected. When selling to corporate C suite you just can’t do much in this situation. We had one bite at the apple so we had to wait it out.
Tension increased as time passed so we kept busy by shooting the shit