• Complain

Matthew Dixon - The JOLT Effect: How High Performers Overcome Customer Indecision

Here you can read online Matthew Dixon - The JOLT Effect: How High Performers Overcome Customer Indecision full text of the book (entire story) in english for free. Download pdf and epub, get meaning, cover and reviews about this ebook. year: 2022, publisher: Penguin Publishing Group, genre: Romance novel. Description of the work, (preface) as well as reviews are available. Best literature library LitArk.com created for fans of good reading and offers a wide selection of genres:

Romance novel Science fiction Adventure Detective Science History Home and family Prose Art Politics Computer Non-fiction Religion Business Children Humor

Choose a favorite category and find really read worthwhile books. Enjoy immersion in the world of imagination, feel the emotions of the characters or learn something new for yourself, make an fascinating discovery.

Matthew Dixon The JOLT Effect: How High Performers Overcome Customer Indecision
  • Book:
    The JOLT Effect: How High Performers Overcome Customer Indecision
  • Author:
  • Publisher:
    Penguin Publishing Group
  • Genre:
  • Year:
    2022
  • Rating:
    5 / 5
  • Favourites:
    Add to favourites
  • Your mark:
    • 100
    • 1
    • 2
    • 3
    • 4
    • 5

The JOLT Effect: How High Performers Overcome Customer Indecision: summary, description and annotation

We offer to read an annotation, description, summary or preface (depends on what the author of the book "The JOLT Effect: How High Performers Overcome Customer Indecision" wrote himself). If you haven't found the necessary information about the book — write in the comments, we will try to find it.

From the bestselling co-author of The Challenger Sale, a paradigm-shattering approach to overcoming customer indecision and closing more sales
In sales, the worst thing you can hear from a customer isnt no. Its I need to think about it. When this happens, deeply entrenched business advice says to double down on your efforts to sell a buyer on all the ways they might win by choosing you and your business. But this approach backfires dramatically. Why? Because it completely gets wrong the primary driver behind purchasing decision-making: once purchase intent is established, customers no longer care about succeeding. What they really care about is not failing.

For years, sales expert Matthew Dixon has been busting longstanding business myths. Now in The JOLT Effect, he and co-author Ted McKenna turn their trademark analysis and latest research to the vital and growing problem of customer indecisionand offer a shocking new approach that turns conventional wisdom on its head. Drawing on a brand-new, first-of-its-kind study of more than two and a half million sales conversations from across industry, they reveal the surprising truth that high-performing sales reps grasp and their average-performing peers dont: only by addressing the customers fear of failure can you get indecisive buyers to go from verbally committing to actually pulling the trigger.
Packed with robust data, counterintuitive insights, and practical guidance, The JOLT Effect is the playbook for any salesperson or sales leader who wants to close the gap between customer intent and actionand close more sales.

Matthew Dixon: author's other books


Who wrote The JOLT Effect: How High Performers Overcome Customer Indecision? Find out the surname, the name of the author of the book and a list of all author's works by series.

The JOLT Effect: How High Performers Overcome Customer Indecision — read online for free the complete book (whole text) full work

Below is the text of the book, divided by pages. System saving the place of the last page read, allows you to conveniently read the book "The JOLT Effect: How High Performers Overcome Customer Indecision" online for free, without having to search again every time where you left off. Put a bookmark, and you can go to the page where you finished reading at any time.

Light

Font size:

Reset

Interval:

Bookmark:

Make
Portfolio Penguin An imprint of Penguin Random House LLC - photo 1
Portfolio Penguin An imprint of Penguin Random House LLC - photo 2

Portfolio Penguin An imprint of Penguin Random House LLC - photo 3

Portfolio / Penguin

An imprint of Penguin Random House LLC

penguinrandomhouse.com

Copyright 2022 by CollabIP Inc dba Tethr Penguin Random House supports - photo 4

Copyright 2022 by CollabIP, Inc. d/b/a Tethr

Penguin Random House supports copyright. Copyright fuels creativity, encourages diverse voices, promotes free speech, and creates a vibrant culture. Thank you for buying an authorized edition of this book and for complying with copyright laws by not reproducing, scanning, or distributing any part of it in any form without permission. You are supporting writers and allowing Penguin Random House to continue to publish books for every reader.

Graphics by Tethr.

Library of Congress Cataloging-in-Publication Data

Names: Dixon, Matthew, 1972- author. | McKenna, Ted (Business consultant), author.

Title: The jolt effect : how high performers overcome customer indecision / Matthew Dixon and Ted McKenna.

Description: New York : Portfolio/Penguin, [2022] | Includes bibliographical references and index.

Identifiers: LCCN 2022013122 (print) | LCCN 2022013123 (ebook) | ISBN 9780593538104 (hardcover) | ISBN 9780593538111 (ebook)

Subjects: LCSH: Consumer behavior. | Decision making. | Customer relations. | Selling.

Classification: LCC HF5415.32 .D58 2022 (print) | LCC HF5415.32 (ebook) | DDC 658.8/342dc23/eng/20220601

LC record available at https://lccn.loc.gov/2022013122

LC ebook record available at https://lccn.loc.gov/2022013123

Cover design: Sarah Brody

Cover image: Vectorplusb / iStock / Getty Images Plus

Book design by Tanya Maiboroda, adapted for ebook by Cora Wigen

pid_prh_6.0_140874740_c0_r0

Matt wishes to thank his wife, Amy, and his kids, Aidan, Ethan, Norah, and Claraall of whom find it supremely ironic and endlessly amusing that he wrote a book about how to overcome indecision.

Ted would like to thank his wife, Alison, and kids, Will and Ella, for the support and love. Youll now have an easier answer to the question What is it you do, again?

The burdens that make us groan and sweat,

The troubles that make us fume and fret,

Are the things that havent happened yet.

George W. Bain

CONTENTS
PREFACE
A Unique Moment in Time

If theres one study that is the envy of every sales researcher, its the groundbreaking work done by Professor Neil Rackham and his team, as profiled in the book SPIN Selling. Twelve years to complete. Thirty-five thousand sales calls observed. One hundred and sixteen unique factors assessed for their potential impact on sales outcomes. More than one million dollars ($2.3 million in todays dollars) spent on the study. For more than thirty years, this study has been considered the gold standard of sales research. It was a study so broad, so deep, and so resource-intensive that nobody dared to even ask if it could be repeated, let alone surpassed.

It wasnt the number of calls studied or the number of variables in the study that was the challenge. Advances in big data analytics, machine learning, and GPU-powered processing have made it possible to study much larger data sets and to consider far more factors than Rackhams team had. The issue has always been that many sales conversationsespecially the most pivotal ones take place in the customers office. Collecting the data therefore meant committing to traveling the world to actually sit in on those sales meetings and observe what was happening. No organization would sponsor a study like that given the cost, time, and resources requiredand especially given the uncertain outcomes of such an undertaking.

But something interesting and altogether surprising happened in the spring of 2020. As the world went into lockdown due to the COVID-19 pandemic, all sales became virtualliterally overnight.

For sales researchers like ourselves, this represented a once-in-a-lifetime opportunity.

Partnering with several dozen companies, our research team went to work collecting millions of sales conversations recorded on platforms like Zoom, Teams, and Webex as well as the dozens of bespoke recording platforms used by companies all over the world. Using automatic speech recognition, we turned the unstructured audio from these recordings into unstructured text. Then, using a machine learning platform from a conversation intelligence company called Tethr, we brought structure to that data, tagging more than 8,300 unique factors across those sales calls. Finally, we did the math to determine which of these factors drive sales performance and which do not.

And what emerged from this analysis was a story that was entirely unexpected.

INTRODUCTION
Stuck

For as long as sales training has been delivered and sales books have been written, theres been one singular objective weve all been focused on: How do we overcome the customers status quo?

Focusing on the customers status quo makes perfect sense. After all, its a formidable enemyone that salespeople lose to all the time. Human beings have a deep-seated bias for things to remain as they are. And customers, we all know, will regularly pass on pursuing opportunities that have been clearly demonstrated to make them better off.

It should come as no surprise, then, that companies have spent untold amounts of time and money on sales training, coaching, and enablement in order to help salespeople overcome the customers status quo. Sales organizations equip their reps with better scripting, tighter value proposition messaging, customer case studies, reviews, testimonials, proof points, ROI calculators, and objection-handling techniquesall designed to help the customer get over the hump, to get them to say yes to their offers and no to doing more of the same.

Of course, there is no shortage of opinions as to how to do this. Some say its about building trust while others argue its about diagnosing needs. In fact, we wrote about this very problem in The Challenger Sale more than a decade ago. In that research, we discovered that the best sellersChallengersbring disruptive, provocative insights that reframe the customers thinking as to how to make money, save money, or mitigate risk. What these gifted reps had figured out was that the way to get the customer to move forward is to show them that the pain of same is worse than the pain of change.

But that is not what this book is about.

This book is about a newer, more nefarious, and seemingly intractable problem facing salespeople today: What happens when the customer agrees that the status quo is unacceptable, that yours is the only solution that can help them attain their objectives, that the whole buying committee is on board... and you still lose?

This sort of thing happens more often than you might think.

In our research, we found that anywhere between 40 percent and 60 percent of deals today end up stalled in no decision limbo. To be clear, these are customers who go through the entire sales processconsuming valuable seller time and organizational resources, perhaps even engaging in extended pilots or proof-of-concept trialsonly to end up not crossing the finish line.

Next page
Light

Font size:

Reset

Interval:

Bookmark:

Make

Similar books «The JOLT Effect: How High Performers Overcome Customer Indecision»

Look at similar books to The JOLT Effect: How High Performers Overcome Customer Indecision. We have selected literature similar in name and meaning in the hope of providing readers with more options to find new, interesting, not yet read works.


Reviews about «The JOLT Effect: How High Performers Overcome Customer Indecision»

Discussion, reviews of the book The JOLT Effect: How High Performers Overcome Customer Indecision and just readers' own opinions. Leave your comments, write what you think about the work, its meaning or the main characters. Specify what exactly you liked and what you didn't like, and why you think so.