The Sales Stack is the technology you use throughout the sales process to engage potential buyers and to facilitate them at each stage of your pipeline. This should be a repeatable and scalable system that runs from the top of the pipeline down to the hand-off after you have signed a contract.
To get started, ask yourself two things: “What stages of the pipeline matter most to me?” and “What are the milestones that I want to hit along the way?” Don't list too many stages, as they can confuse you as you scale your business.
Your pipeline might look something like Figure 1.1:
I recommend that each stage has its own checklist. For example, in the “Closed” stage, make sure you ask for referrals. In the “Proposal” stage, you may want to use a product to track in order to see what page of the proposal the customer is looking at, and follow up on it.
The main things that matter when you are managing a pipeline are the following:
You'll want to find baseline numbers to measure each stage of the sales process. Be extremely diligent about staying on top of these numbers as deals move from stage to stage. Using a good customer relationship management (CRM) tool should help you to keep tabs on the health of your pipeline. See Chapter 10 for suggestions on CRM platforms.
At the end of the day, all selling starts with leads, which is why outbound selling, along with a good lead generation and prospecting process, is so important. Keep in mind the following:
Aaron Ross, who created the outbound sales model at Salesforce, talks about the various targeted lead types in the highly recommended and best-selling book, Predictable Revenue, which he coauthored with Mary Lou Tyler. In this book, he breaks down these leads into three categories: “Seeds,” “Nets,” and “Spears.”
To quote Aaron:
Good targeted leads provide you with a good start, but achieving success is all about how you guide those targeted leads through your pipeline. Look to design a streamlined process, which will act as lubrication for your pipeline. This lubrication consists of automation and acceleration tools, outsourced help, and all sorts of tactical and strategic sales hacks to speed things up.
A good sales process is a science, and science is the new art.
Developers and marketers have had their sales stacks for years. Developers have the benefit of being able to build their own sales stacks, and marketing has been fairly technical about building them for quite a few years. Finally, there are now enough sales tools for salespeople to build their own sales stack.
The great thing about these new tools is that they connect in various ways. I use a series of application program interface (API) integrations, manual virtual assistant work, and spreadsheets to piece it all together. You can think of your sales stack as your sales tool kit.
Figure 1.2 shows what a sales stack can look like:
Now, there are many different ways to build a sales stack and plenty of tools you can take advantage of for each piece of the pipeline. Some of the tools I'll mention in this book do very similar things, but you don't have to use just one tool. For example, I use multiple e-mail and messaging tools in my sales stack.
I recommend that you find the best subset of tools for your business, making sure to be diligent about connecting them properly. You can try using such integration tools as Zapier, IFTTT, or Bedrock Data if you need help. The less you have to do manually, the more efficient you will be.
As Wade Foster, the chief executive officer (CEO) of Zapier notes, “In a modern sales organization, leads and lead data span multiple applications. Being able to properly integrate the tools used to work a sales pipeline from start to finish is a must.”
At the end of the day, you can have all of the technology in the world, but if you don't know how to use it, you're not going to get very far.
Now that we've got that out of the way, let's get into the good stuff.