Latest / Sales Pipeline Radio / Show Me you Know Me! Sales Lessons for Modern Times
Transcript
- 0:15Matt: All right.
- 0:15Welcome everybody to another episode of Sales Pipeline Radio.
- 0:18I'm your host, Matt Heinz.
- 0:19So excited to have you here with us today.
- 0:22We're going to do this quick-- usually 15, 20 minutes in and out.
- 0:25But excited to have you here.
- 0:26Thank you for making this part of your day.
- 0:28Every episode of Sales Pipeline Radio, past, present, and future, always
- 0:31available at www.SalesPipelineRadio.com.
- 0:34Super excited we were able to make this happen.
- 0:36Sam McKenna.
- 0:37She is the founder and CEO of Sam Sales.
- 0:39Sam.
- 0:39Thanks for being here.
- 0:40Sam: Hi, thanks for having me.
- 0:42Really appreciate it.
- 0:43Matt: So for those that maybe don't know you and your story, talk a
- 0:46little bit about your background, how and when you started #samsales
- 0:48and what you guys focus on.
- 0:50Sam: Yeah, really quick.
- 0:51So I've been in enterprise sales basically my whole career.
- 0:54I was in corporate America for about 13, 14 years before taking
- 0:58the leap to start #samsales.
- 0:59I was an IC for seven years, a leader, and then an executive leader after that,
- 1:03and wrapped up my time at corporate at LinkedIn, which was the holy grail
- 1:07of places for me to work in the end.
- 1:09I got to be a leader there representing LinkedIn Sales Navigator,
- 1:12which I still feel like I bleed #samsales orange out of one arm
- 1:15and LinkedIn blue out of the other.
- 1:17I started #samsales in the fall of 2019, and we're an all women team of
- 1:22nearly 20 and have over 250 clients.
- 1:25What do we do?
- 1:25We focus on top of the funnel sales training everything to do
- 1:28with LinkedIn and social selling.
- 1:30And then we also build brands for executives on LinkedIn for LinkedIn
- 1:34themselves, we're approaching 500 execs for celebrities, for
- 1:37everybody in between all of those.
- 1:38So that's me and us, fastest delivery ever in a nutshell.
- 1:43Matt: That's pretty good.
- 1:44Yeah, I want to talk about the executive brand building on LinkedIn for a second.
- 1:47So I started my business in 2008.
- 1:49It was a terrible time in the market.
- 1:51And my wife was also pregnant with her first child.
- 1:52So who needs healthcare?
- 1:54When you're having a baby, right?
- 1:55It wasn't quite that bad.
- 1:56She's a teacher.
- 1:57And so like I was on her benefits for a long time.
- 2:00It worked out really well, but talk a little bit about that step.
- 2:02Cause I talked to a lot of people, maybe you do too, who were like,
- 2:05I'd love to try to do my own thing, but they're scared to do it.
- 2:07And I'm like, you will always be scared to do it.
- 2:09What gave you the confidence and courage to give it a shot?
- 2:12Sam: You will always be scared to do it.
- 2:14In my career,
- 2:14broken 13 different sales records.
- 2:16And when I was at LinkedIn, that was what I broke my 13th.
- 2:19I was on a plane every single week.
- 2:21And so I just thought, you know what?
- 2:22I feel like there is something special about my methodology.
- 2:25Whatever it is, I have no idea because it all seems really obvious to me.
- 2:28But I wonder if I can leave this all behind, right?
- 2:31And I can take the leap to go and start a business and work part time
- 2:35and make half the money I made in SaaS.
- 2:37That wouldn't be a terrible life.
- 2:39So I should have known myself better because I'm very type A
- 2:41and disciplined and that all went to hell in a handbag in a week.
- 2:44But I think it's just having confidence that what you do is
- 2:47something that the market needs and there's a differentiator there.
- 2:50I would say two things, and maybe Matt, you agree or disagree, but I think
- 2:53one make sure you have some savings.
- 2:55So no matter how ethically amazing a sales you think you are, it will take
- 2:59a shitload of time for you to actually close deals and do it meaningfully.
- 3:03And you will run out of runway really quickly.
- 3:05So make sure you're in a financially stable place.
- 3:08Give yourself 18 months, 24 months of runway.
- 3:11Maybe 12 months, but give yourself some time because that pressure
- 3:14will stack up really quickly.
- 3:15I think the other thing is make sure you have a brand.
- 3:17So take some time to invest in your brand, get out on LinkedIn
- 3:20and start to connect with people.
- 3:22If you have a bunch of clients now, wherever you work in
- 3:24corporate America, make sure to connect with them on LinkedIn.
- 3:27So you're building that personal CRM for yourself, if you will.
- 3:30But I gave myself that shot and, I didn't even create a
- 3:33website for I think 12 months.
- 3:35So that was like, let's see how it goes.
- 3:36And work email was my personal email.
- 3:39I don't know, Matt, was it the same for you or were you like?
- 3:42Matt: Yeah.
- 3:42People think I'm joking when I say, November 2008, I started with a
- 3:45laptop and a bus pass, but literally I started with a laptop and a bus pass.
- 3:49Like I had a bus pass that was going to last for another six
- 3:51months from the job I quit.
- 3:52I bought a new laptop.
- 3:54That was my one expense is I needed a computer.
- 3:56I've always only had work computers, so I need something.
- 3:59We had a plan, like we basically said she's incredible and she believed in me,
- 4:03but she said we, it's not guaranteed.
- 4:05So there was a date at which we said, if you're not profitable by then, but you
- 4:09really feel like you have pipeline and a runway, then we can tap into some savings.
- 4:13But then there was a second date, that if we hit that date and it really wasn't
- 4:17happening... It's never over forever.
- 4:20But it was like, okay, you got to go back and get a job for a while.
- 4:22Thankfully, things picked up and it started out okay, but I don't know if
- 4:26I'm busting a myth here, Sam, but there's a phrase that a fellow entrepreneur
- 4:29here in Seattle used with me recently.
- 4:31So like doing this is sometimes like chewing glass, right?
- 4:33And from the outside, people can look at this and say, Oh man, you
- 4:37guys look like you're doing great.
- 4:38And to hear you, to see you online, Sam, to see the kind of traction
- 4:42you get on LinkedIn and to hear 20 people, all women, amazing.
- 4:45It is not all amazing, is it?
- 4:48Sam: No.
- 4:48And you are never done building.
- 4:50That's the thing.
- 4:50Like every time you turn around and there's a new logo, you added a new quote,
- 4:54a new product that you can develop a slide deck that needs to be updated because
- 4:57the last time you did was 18 months ago.
- 4:59It is like chewing rocks.
- 5:00You will also never work harder in your life, but it is for your own business.
- 5:04And I think that you're building your way.
- 5:06I will tell you too, for anyone that's Oh, 18 to 24 months of financial runway,
- 5:10and that's what you want me to save.
- 5:12Okay.
- 5:12Just consider if you stay in corporate America another year, another 18
- 5:16months, so that you can save that, it's effectively giving you a runway
- 5:20to make sure that you don't have to go back to corporate America,
- 5:23that you have more time to actually see if your idea is going to work.
- 5:26So take it easy, right?
- 5:27And then make sure you're really good to go when you're good to go.
- 5:30Matt: Yeah, I totally agree with that.
- 5:32And also just don't overengineer things, when you can just do it.
- 5:36There's a there's that gap between knowing what you're doing and breaking some glass
- 5:40and testing some things and pivoting, but also giving some things time.
- 5:43And it's always going to be harder than you think, right?
- 5:46You're out on your own and you got to eventually you start making payroll.
- 5:49So you got to keep selling.
- 5:50And it's just, what's funny, like I've had a lot of people and I thought we
- 5:54were gonna talk about sales, but this is actually a little more interesting.
- 5:56So I thought we were going to I, I have a lot of people that say
- 6:00to go out and do this on your own.
- 6:01You have to be incredibly risk tolerant.
- 6:06And I don't know that's actually the case because I think that if you
- 6:10are doing your own thing, part of being successful is mitigating risk.
- 6:15And I think about this all the time.
- 6:16Like someone says what's the big benefit of having your own business?
- 6:18One of the first things that comes to mind is control, right?
- 6:20I'm a very anxious person and anxiety is a disease of control.
- 6:24And I realized I don't control when this deal is going to close
- 6:28or when this check's going to come in or whatever that is.
- 6:32But I control so much more as an owner than I would if I was
- 6:34a CMO somewhere, to be honest.
- 6:36Sam: Yeah.
- 6:37And I think no matter what, if you say in corporate America also you only have
- 6:40control over so many things, right?
- 6:42There's a really beautiful part about creating your own business.
- 6:45I say this just like the way you would manage your finances early in life.
- 6:48If you starve, so to speak, for the first few years Think about how you can sustain
- 6:53yourself for the next couple of decades.
- 6:55And I think the same thing goes here, like maybe after 18 or 24 months, you
- 6:59have enough savings, you have enough built up, et cetera, that yes, you
- 7:02don't know when the next check is going to come in and you don't know
- 7:04if they're going to pay on time.
- 7:05And we have a client that's 18 months in a rear on one of their paychecks.
- 7:09It's a delightful situation.
- 7:11But things like that as long as you prepare and you're ready for
- 7:13those headwinds, you'll be fine.
- 7:15I'm not a risky person.
- 7:16I like control.
- 7:17I like process.
- 7:18I like responsibility.
- 7:19I like having my shit together.
- 7:21That's the kind of person I am, but you do need to toss some
- 7:23of that out in the early days.
- 7:25And just go for it.
- 7:26I also think, and I don't know if this is where this was your path, Matt, but I meet
- 7:30a lot of entrepreneurs who are like, okay, I built the ship and I need to sell it.
- 7:35So how do I do it?
- 7:36And I'm like, why did you build the ship?
- 7:38And they're like, I thought it's what everybody needed.
- 7:39And I'm like, did you vet this?
- 7:40Did you ask anyone?
- 7:41Did you sell something before it was built?
- 7:43And then think, okay, Oh, shit.
- 7:46Now I need to build the ship.
- 7:47I'm at the P's and the T's.
- 7:48That's what I would say, because I, there's so many people who
- 7:51build something and then they're like, I have to go sell that.
- 7:53Where instead of you say, like, how can it be of help to you?
- 7:56What do you need?
- 7:56What can I build for you?
- 7:58And then you build it for someone, build it for somebody else.
- 8:00You build a consulting practice and you find that everyone needs
- 8:02the same help with the same thing.
- 8:04So maybe you write a playbook, you start to sell a particular
- 8:06course that you have online.
- 8:08You start to see what is rinse and repeat and you can scale.
- 8:11Do that before you build the ship and then have to find a buyer for it.
- 8:16Matt: All of that and know that playbook will change over the years.
- 8:20Like what works will change, what's needed will change, what's perceived will change.
- 8:25We've certainly seen that, over sort of 16 and a half years now.
- 8:28We're still generally marketing strategy, consulting for complex sales situations
- 8:33to build more predictable pipeline.
- 8:34For 16 years it's been about orchestrating the go to market motions, right?
- 8:38All the different outbound motions across sales, marketing, CS.
- 8:41What we've learned over the last three or four years is the complexity of the
- 8:44buying journey, the complexity of actually doing that work is killing companies.
- 8:49Gartner calls it collaboration drag.
- 8:51And so now increasingly, we are project management experts, helping
- 8:55people just get stuff done internally.
- 8:57And so to be able to know the customer well enough to hear what they're doing
- 9:01to say, okay, they may still need help over here, but no one is helping them
- 9:06actually get the work done internally.
- 9:08And for a large organization that feels that collaboration drag very strongly.
- 9:13That's a big thing.
- 9:14So for me as an example, just to what you said, listening to the
- 9:17customer, responding to what's needed.
- 9:19I can go on off on a whole tangent.
- 9:20I know we've only got maybe about six more minutes-- about people that
- 9:23build a company where their objective is an exit, as opposed to like your
- 9:26objective is to serve a market.
- 9:29And if you do that well, the exit will be there.
- 9:32Anyway All right.
- 9:33I have two things I want to make sure we cover with you with the time we have left.
- 9:35We've got Sam McKenna here on Sales Pipeline Radio today.
- 9:38She's the CEO founder of #samsales.
- 9:41There's probably a very small minority of people that don't know The Show Me
- 9:44Method that you promote, but can you summarize that a little bit for folks?
- 9:48Sam: Yeah.
- 9:48Show me, is really exactly as it sounds.
- 9:50It's showing up to know who your buyer is, what their space is going
- 9:54through, what their company is going through and having some kind of
- 9:57expertise on their entire situation.
- 9:59It's also getting to know your buyers at a personal level.
- 10:02So do they tell you that they have a dog, that they have kids, that they have a
- 10:05dream to buy a house in Maine one day?
- 10:07What is it that you know about them?
- 10:10And I think if you just look at the most basic level, what can you do to employees?
- 10:13Show me you know me today.
- 10:14I want to listen back to any of the calls that you have this week so far.
- 10:18And if you started the call with, Where are you based and how's the weather there?
- 10:22Two things that we probably, A, we know where they're based because we
- 10:25can see them on their LinkedIn profile.
- 10:26Two, be better than the weather, you should have had some research done, right?
- 10:30Unless you're British, and then don't yell at me.
- 10:32But we should have done some research.
- 10:33We should know some things about them already.
- 10:35We should come prepared with something to build a report on.
- 10:38So I think we really lack that.
- 10:40And especially because there's so many meetings back to back.
- 10:43We just think there must be a reason they're on the call.
- 10:45Why should I bother to learn anything about them?
- 10:47What a way to set yourself apart.
- 10:49It might seem like table stakes and it is, but it just doesn't happen.
- 10:53Matt: There's so much statements in sales and marketing that feel like
- 10:55table stakes that aren't right.
- 10:57And we've been talking about account based go to market for forever.
- 11:00And like salespeople sell us, Oh, we've been doing it for forever.
- 11:02We always manage the buying committee.
- 11:04Let's look at your Salesforce, shall we?
- 11:06Like how many opportunities have one contact associated with them?
- 11:09You are single threading your deals.
- 11:11Let's just be clear about what we are and aren't doing here.
- 11:14So I gotta be honest, to me, you can say, Oh, it's table stakes.
- 11:17If all you do is table stakes, you will outsell, outperform everybody.
- 11:22Sam: And then we were in the precarious position where we have everybody on
- 11:24LinkedIn who thinks that they're an influencer and tells you, there was
- 11:27just a post yesterday that said, stop multi threading your deals.
- 11:30It's killing you.
- 11:31And I'm like, please just make this person go away.
- 11:33I just like, Oh my God.
- 11:37Need to judge who you're listening to as well.
- 11:39Is it your Matts of the world that really understand the ins and outs of this space?
- 11:43Or is it the person was like an AE for nine months to three jobs.
- 11:47The now says he's a three times sales leader-- Oh my God.
- 11:50Matt: And when you talk about getting to know your prospect, even just
- 11:54taking a couple of minutes and having a proven checklist and process to find
- 11:57a couple of things, it doesn't mean that all of a sudden that cold call
- 12:00is going to turn into a million dollar deal today, but it's a process, right?
- 12:04And so I think between, Show me you know me and having a consistent
- 12:07presence on LinkedIn and engaging with people in an authentic way.
- 12:11These are the building blocks to predictable pipeline, whether you're
- 12:14an entrepreneur or whether you're in sales or any go to market motion.
- 12:18Sam: Completely.
- 12:18And it's all about the long game.
- 12:20Like I asked our AE about the other day, are you going to
- 12:22make a career out of this?
- 12:23Do you think you want to be in sales forever?
- 12:25And she said, I ultimately want to own my own business.
- 12:27So you need to start to think about all of these building
- 12:30blocks for the long term, right?
- 12:31Write these sales lessons down, think about these things,
- 12:33really focus on how to prospect.
- 12:34Because even when you are a multi million dollar earning CEO,
- 12:38you're still going to prospect.
- 12:40You just will, right?
- 12:41Even if it's just a little here and there, learn these things.
- 12:43They'll never go away.
- 12:45Matt: So if people want to learn more about you, about #samsales if you were
- 12:49like, I really need to bone up on Show Me You Know Me, where can people go to
- 12:52learn more about you and what you guys do?
- 12:54Sam: Everything for free.
- 12:55You can hop on our YouTube channel.
- 12:57For still free, go to our website, www.samsalesconsulting.com.
- 13:00We have a newsletter.
- 13:01We have podcasts, we have webinars.
- 13:02We have women's group all free.
- 13:03If you wanna make a little investment, look on our website
- 13:06under the shorts section.
- 13:07We have a playbook or everything you can imagine from LinkedIn to
- 13:10Perfect Profile being an influencer.
- 13:12Show Me You Know Me to prospecting and everything in between.
- 13:15And we have a podcast.
- 13:16So check us out on Spotify.
- 13:18We prioritize guests that are overseeing at least 250 million in revenue.
- 13:23And we had an incredible lineup so far with the great grandson of William
- 13:27Howard Taft is our fourth guest.
- 13:29And that was just launched this week.
- 13:31And I think that's it.
- 13:33Matt: That's a lot.
- 13:34Sam, you're the best.
- 13:35Thank you so much for being here.
- 13:36I know you're super busy.
- 13:37We'll make sure we get links to a lot of that in the show notes.
- 13:39Thank you everyone for showing up, being here as we are already
- 13:42late February as we record this.
- 13:44It's incredible how fast the year's gone by, but we'll be here
- 13:46next week with another episode.
- 13:47Until then, my name is Matt Heinz.
- 13:49We'll see you next time on Sales Pipeline Radio.
- 13:51Take care.