Two Tall Guys Talking Sales Podcast – Scoring Big in Sales: Lessons from March Madness – E79

Two Tall Guys Talking Sales Podcast – Scoring Big in Sales: Lessons from March Madness – E79

In this sports-oriented episode of “Two Tall Guys Talking Sales,” hosts Kevin Lawson and Sean O’Shaughnessey dive into the fascinating parallels between March Madness NCAA basketball tournaments and sales strategies. Kevin and Sean take this opportunity to explore how the tournament’s structure and the season leading up to it offer valuable lessons for developing winning sales strategies.

Key Topics Discussed:

  1. Preseason Preparation and Regular Season: The significance of constant improvement and team synergy throughout the sales season to refine strategies, similar to a basketball team’s journey to the NCAA tournament.
  2. Tournament Strategy and Sales Planning: Drawing analogies from the NCAA’s regional competitions and seed rankings to sales approaches, market positioning, and competitive analysis.
  3. Winning the Customer Relationship: Identifying the final sales deal as the ‘national championship game,’ focusing on strategic planning and execution to win customer trust and secure business.
  4. Overcoming Adversity and Learning from Losses: The importance of analyzing lost sales opportunities (akin to unexpected tournament upsets) to understand and improve future sales tactics.
  5. Sales Team Dynamics and Individual Growth: Encouraging personal development and adapting roles within the sales team for optimal performance, paralleled with a basketball team’s adjustment to injuries and game dynamics.

Key Quotes:

  • “The trophy in sales is the customer relationship.” – Kevin Lawson
  • “Only one team ends the season with a victory; similarly, in sales, there’s only one winner.” – Sean O’Shaughnessey
  • “It’s important to win through better execution of the plan… and hard work.” – Sean O’Shaughnessey
  • “We’ve got to figure out our place in the market… It’s the same progression in business.” – Kevin Lawson

Additional Resources:

MEDDPICCC for sales strategy and the importance of opportunity qualification – https://youtu.be/RBcGmyeBp1I?si=gaGL1CWYbEKxFbVr

Summary:

This episode is a masterclass for sales professionals and leaders looking to elevate their game by drawing inspiration from March Madness’s structure, strategy, and spirit. Kevin and Sean’s dialogue reminds us of the importance of preparation, strategy, resilience, and continuous learning in the quest to win in sales. As the NCAA tournament captivates basketball fans, let it also inspire sales teams to strive for excellence, adapt to challenges, and ultimately clinch their championship trophy: a successful and lasting customer relationship

Tip #8 of 12 – How To Start The New Year STRONG! – Check in with prospects that went another way

Tip #8 of 12 – How To Start The New Year STRONG! – Check in with prospects that went another way

We are coming down on the end of the year and are now on the 8th video in my series of how to start the New Year strong so that you achieve more revenue next year.

In this eighth video in the series, I encourage you to return to the deals you lost.

It’s never a pleasant experience to lose a deal, but sometimes it’s inevitable. If you take the time to properly and strategically follow up on lost deals, however, you may be able to turn things around for yourself. Following up after losing a sale can yield numerous benefits for salespeople and their managers – from increasing revenue to developing relationships with new customers. This video discusses how following up on lost deals can benefit your business.

  • Did they actually buy from your competitor?
  • Do they have buyer’s remorse that you can use to your advantage?
  • Can you do a smaller deal that fills in a shortcoming in the winning solution? After all, some revenue in the new year is better than no revenue.

If you’re a salesperson, chances are you think about “lost deals” quite often. It can be incredibly frustrating to invest time and energy into a potential customer only for them to have opted out at the end of the day! So why did the prospect reject our offer? Be completely honest with yourself (even if you aren’t honest with your management). Can you go back and save it?

You can check out all of the 12 tips as soon as they are published here.