Transcript
John McMahon (0:00)
Foreign.
John Kaplan (0:05)
Welcome to the Revenue Builders podcast with John McMahon and John Kaplan. This podcast is brought to you by Force Management. Force's solutions help companies meet the revenue goals that drive funding and higher valuations. Today, a segment from our conversation with Jane Thompson. She is an expert at selling into strategic accounts. She's currently at Big Panda.
Jane Thompson (0:27)
I think the key is honing in on what's important, right? You can go all over the map and read 10Ks and like there's so much data now. I look for interviews with the key executives. You look for key pieces of information that you can leverage to say, am I the right fit? Can I do we, you know, is this the right fit? Does our solution provide value for what this person's talking about in the media? And so I think it's really finding not the standard stuff. Anyone can go read a 10k, although it's important to do that. But go find personal tidbits that helps you build personal champion in each level of that organization. I like that and I think, yeah,
John McMahon (1:11)
so you think about a strategic account. You're like, you have to, we say it in everything, in selling is no business issue, no business. But you have to in a strategic account. In a larger account, you have to figure out the intersection of where the technical capability impacts the business issue. If you don't have, if you're not bent on being able to translate what you do to business, business issues, you're not going to be a good strategic account rep. Do you agree with that?
Jane Thompson (1:40)
A thousand percent. The difference between it's a tactical versus a strategic mindset, right? There's a lot of people who can sell something with a very specific roi. And a strategic mindset says, okay, here's what I have, here's the technical capabilities. How does that map to value that the board would care about in this multi billion dollar company? You have to really think in value terms of value, not technical capability. You delegate it to who you sound.
John Kaplan (2:08)
Same thing.
Jane Thompson (2:09)
You're going to navigate a big organization, a strategic account, much more quickly if you can just sell value to what that matters to that person. When we do QBRs, I would have my team say, okay, what is the value for the technical director, for the vice president, for the cio, for the CEO? I want to see each one of those mapped out for me in that account by line of business. Right. It doesn't have to be this massive exercise. Like these are things, if you think in a strategic sense, those things will come easier. You know, the days of when you had the big whiteboards and you mapped it out and they were all over your office. I remember Lockheed Martin and you had every single division like you can, that's important to do. But then you hone in very quickly on any of these five people's support and money.
