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Avoid these 5 common mistakes when multi-threading
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Jack Daniel's Hounds Supreme Court Over 'Bad Spaniels' Dog Toy: Whiskey Giant Paws for Thought in the Canine Copyright Conundrum
Ladies and gentlemen, have you heard the latest news? Jack Daniel's has gone to the Supreme Court to bark about a dog toy called "Bad Spaniels." That's right, folks. The whiskey giant is really in the dog house over this one. They say imitation is the sincerest form of flattery, but apparently, this one left a bad taste in their mouth.
Now, I know a thing or two about marketing, and let me tell you, this dog toy has got to be the best free publicity Jack Daniel's could have ever asked for. I mean, come on, a chew toy that looks like a bottle of whiskey? That's got to be the most hilarious thing since sliced bread!
I remember when I got into sales, they told me, "If you can't sell ice to an Eskimo, you should try selling dog toys to dogs." But who would have thought that I'd be selling whiskey-themed dog toys instead? It's a ruff world out there for salespeople, am I right?
You know, this whole situation got me thinking about a time when I was working as a sales rep for a startup company. We were trying to market this new app that could help people find the nearest public restroom. We called it "Pee-finder." It was genius! But we had our share of challenges too.
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💀 Issue #108 💀
🚫 Avoid these 5 common mistakes when multi-threading 🚫
What is a multi-threaded sales deal?
Multi-threading a sales deal means that you involve as many relevant stakeholders as necessary to get the deal done. You get multiple people at your organization in touch with people at the company you’re prospecting.
Director to Director.
VP to VP.
C-suite to C-suite.
I’m sure you’re awesome. But VPs want to talk to other VPs. C-level execs want to talk to other C-level execs.
Avoid these 5 common mistakes when multi-threading:
#1 - Starting the process too late
The most common mistake I see is people trying to multi-thread when the deal is going downhill. I’ve done it multiple times. It never works. Your prospects are human — and they’re not stupid. They’ll understand why you are suddenly emailing every VP.
That’s why it all starts with discovery.
#2 - Not connecting people at similar levels
Don’t try and handle relationships with multiple people by yourself. And avoid connecting a VP with a Director. VPs want to speak to other VPs.
#3 - Conversation stops after champions bring in others
This one drives me bonkers. The goal of your champion bringing in other stakeholders should be to set up separate 1:1 conversations with those stakeholders.
Just because the other stakeholders were on one demo with you does not mean you are multi-threaded.
#4 - Not taking time to understand business priorities
This one’s the biggest.
You don’t give people a product; you solve business problems. You’ll set your VP up for failure in a conversation with the prospective VP if you don’t understand business priorities.
#5 - Not knowing when to move on
VP of XYZ doesn’t think they have a problem.
VP of XYZ thinks the problem you solve is Priority #101.
VP of XYZ thinks the business has too many software licenses.
If it’s a large organization, move on to the next stakeholder. If one person doesn’t have a priority around what you solve, move on to the next. They aren’t going to introduce you to someone else and bring them in if they don’t find it valuable themselves. If it’s a small organization, move on to the next company. You tried.
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That’s a wrap for today amigos. Eat your tacos and see you tomorrow! If you want more, be sure to follow me on Twitter (@andymewborn) or LinkedIn.
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