The JOLT Effect
How High Performers Overcome Customer Indecision
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Narrated by:
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Matthew Dixon
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Ted McKenna
About this listen
From the best-selling 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 isn’t “no.” It’s “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 indecision—and 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 don’t: Only by addressing the customer’s 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 action—and close more sales.
* This audiobookincludes a downloadable PDF that contains charts, graphs and illustrations from the book.
PLEASE NOTE: When you purchase this title, the accompanying PDF will be available in your Audible Library along with the audio.
©2022 Matthew Dixon, Ted McKenna (P)2022 Penguin AudioListeners also enjoyed...
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YouTube talks are better.
- By BizTech Readings on 12-27-16
By: Stephen Wunker, and others
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The Lost Art of Closing
- Winning the Ten Commitments That Drive Sales
- By: Anthony Iannarino
- Narrated by: Anthony Iannarino
- Length: 5 hrs and 9 mins
- Unabridged
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Anthony Iannarino has a different approach to closing geared to the new technological and social realities of our time. In The Lost Art of Closing, he proves that the final commitment can actually be one of the easiest parts of the sales process - if you've set it up properly with other commitments that have to happen long before the close. The key is to lead customers through a series of necessary steps designed to prevent a purchase stall.
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gems buried in fluff
- By Andrey Norin on 04-13-18
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High-Profit Prospecting
- Powerful Strategies to Find the Best Leads and Drive Breakthrough Sales Results
- By: Mark Hunter CSP
- Narrated by: Sean Pratt
- Length: 6 hrs and 10 mins
- Unabridged
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As a salesperson, your pipeline is the key to your success. No matter what changes, that remains the same. Top producers prospect - and they do it all the time. "But how?" you ask, "In the age of the Internet, isn't cold-calling dead?" Now, in his new audiobook, sales expert Mark Hunter shatters costly prospecting myths and eliminates confusion about what works today.
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recycles a lot of common info
- By roland on 04-18-17
By: Mark Hunter CSP
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Sales EQ
- How Ultra High Performers Leverage Sales-Specific Emotional Intelligence to Close the Complex Deal
- By: Jeb Blount
- Narrated by: Jeb Blount
- Length: 9 hrs and 2 mins
- Unabridged
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Performance
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The sales profession is in the midst of a perfect storm. Buyers have more power - more information, more at stake, and more control over the sales process - than any time in history. Technology is bringing disruptive change at an ever-increasing pace, creating fear and uncertainty that leaves buyers clinging to the status quo.
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Effective Approach to EQ Sales Mastery
- By Joe on 07-20-17
By: Jeb Blount
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The Only Sales Guide You'll Ever Need
- By: Anthony Iannarino
- Narrated by: Anthony Iannarino
- Length: 5 hrs and 54 mins
- Unabridged
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Anthony Iannarino never set out to become a salesman. He fell into his profession by accident, and now has turned his focus to a question that's been debated for at least a century: Why are a small number of salespeople in any field hugely successful, while the rest are stuck with mediocre results at best? Since then, and for over 25 years, he has read hundreds of books, tested countless strategies, and interviewed dozens of the best salespeople to figure out what sets the extraordinary ones apart from the rest.
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Great read
- By Helpful Review on 10-12-17
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Shortcut Your Startup
- Speed Up Success with Unconventional Advice from the Trenches
- By: Carter Reum, Courtney Reum
- Narrated by: Carter Reum
- Length: 6 hrs and 55 mins
- Unabridged
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Courtney and Carter Reum have years of experience in the field, from investing in over 130 companies, including Lyft, Pinterest, Warby Parker, and ClassPass, to driving the success of their own liquor brand, VEEV Spirits. The Reum brothers have learned from every triumph and tribulation and over the years have developed an effective and easy-to-understand guide to help entrepreneurs through the startup journey from inception to sale.
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A must read for start ups
- By Dave on 02-09-18
By: Carter Reum, and others
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The Language of Trust
- By: Michael Maslansky
- Narrated by: Michael Maslansky
- Length: 7 hrs and 26 mins
- Unabridged
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Still struggling through the financial crisis that began in 2008, consumers aren't buying traditional sales approaches anymore. So how do salespeople, corporate communicators, managers, and marketers sell their ideas, products, and services to a generation of customers who are more skeptical and less influenced by conventional marketing than ever before?
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Are you communicating or just talking?
- By Shawn on 11-08-10
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Designing for Growth
- A Design Thinking Tool Kit for Managers
- By: Jeanne Liedtka, Tim Ogilvie
- Narrated by: Nicol Zanzarella
- Length: 6 hrs and 35 mins
- Unabridged
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Jeanne Liedtka and Tim Ogilvie educate listeners on one of the hottest trends in business development: "design thinking", or the ability to turn abstract ideas into practical applications for maximal business growth. Jeanne Liedtka's recent book, The Catalyst: How YOU Can Lead Extraordinary Growth, was named a Top Innovation and Design Thinking Book by Business Week. Tim Ogilvie has been hailed as a visionary for his pioneering contributions to service innovation, business model innovation, and customer experience design.
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Audiobook requires regular book
- By GoingGoingGone... on 07-01-18
By: Jeanne Liedtka, and others
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Combo Prospecting
- The Powerful One-Two Punch That Fills Your Pipeline and Wins Sales
- By: Tony J. Hughes
- Narrated by: Simon Mattacks
- Length: 8 hrs and 6 mins
- Unabridged
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Overall
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Performance
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Story
How do you break through to impossible-to-reach executive buyers who are intent on blocking out the noise that confronts them every day? Old-school prospecting tactics or new-school techniques alone won't provide the answers. But Combo Prospecting will...by showing how to combine time-tested sales processes with cutting-edge social media strategies and clever technology hacks.
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Excellent Book
- By Amazon Customer on 04-04-18
By: Tony J. Hughes
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Power Listening
- Mastering the Most Critical Business Skill of All
- By: Bernard T Ferrari
- Narrated by: Sean Pratt
- Length: 5 hrs and 36 mins
- Unabridged
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Listening is harder than it looks - but it's the difference between business success and failure. Nothing causes bad decisions in organizations as often as poor listening. But Bernard Ferrari, adviser to some of the nation's most influential executives, believes that such missteps can be avoided and that the skills and habits of good listening can be developed and mastered. He offers a step-by-step process that will help you become an active listener, able to shape and focus any conversation.
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Better listening made easy
- By Alejandro A. on 09-07-12
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The High-Potential Leader
- How to Grow Fast, Take on New Responsibilities, and Make an Impact
- By: Ram Charan, Geri Willigan
- Narrated by: Bob Reed
- Length: 5 hrs and 48 mins
- Unabridged
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Story
Companies need high potential leaders (Hi-Pos) more than ever before to help them adapt to today's tumultuous, digitally-driven business environment. If you meet the Hi-Po criteria, you're in high demand - and this book explains how to fast-track yourself.
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Good book for people wanting to climb the corporate ladder and for executives to accelerate high - potential leaders
- By Niel on 06-23-19
By: Ram Charan, and others
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Clarity First
- How Smart Leaders and Organizations Achieve Outstanding Performance
- By: Karen Martin
- Narrated by: Karen Martin
- Length: 8 hrs and 25 mins
- Unabridged
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Overall
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Performance
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Story
Through her global consulting projects, keynote speeches, and work with thousands of leaders, Karen has seen first-hand how a pervasive lack of clarity strangles business performance and erodes employee engagement. Ambiguity is the corporate default state, a condition so prevalent that “tolerance for ambiguity” has become a clichéd job requirement. It doesn’t have to be this way.
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Not for me - dislike narrator's voice +
- By sharing1 on 10-11-19
By: Karen Martin
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Stop Selling and Start Leading
- How to Make Extraordinary Sales Happen
- By: James M. Kouzes, Barry Z. Posner, Deb Calvert
- Narrated by: Brian Holsopple
- Length: 5 hrs and 17 mins
- Unabridged
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Overall
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In the Age of the Customer, sales effectiveness depends mightily on the buyer experience. Despite nearly universal agreement on the need for creating value in every step of the buyer’s journey, sellers continue to struggle with how to create that value and connect meaningfully with buyers. New research bridges the gap and reveals the behavioral blueprint for sellers that makes buyers more likely to meet with them - and more likely to buy from them.
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Sales leadership 101
- By Sole Trades on 08-29-20
By: James M. Kouzes, and others
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Buyers today have knowledge at their fingertips and most of their information gathering will routinely happen before you even walk through the door or get them on the phone. Armed with information, their guard is up - and they are skeptical. Today, anyone buying anything relies on reviews and feedback shared by strangers and often trust those anonymously posted experiences more than the claims made by the providers of the products or services themselves. They expect to see the full picture and find out all of the pros and cons before making any purchase.
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Welcome to Revenue Architecture, a book meticulously designed for recurring revenue businesses. Authored by Jacco van der Kooij, the founder of renowned B2B revenue consultancy Winning by Design, this book reveals the proven frameworks and systems that successful revenue leaders are using to align their Go-to-Market (GTM) teams to drive efficient, durable revenue growth. Too many revenue leaders are struggling to meet their goals from quarter to quarter, year to year.
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The first ever playbook for B2B salespeople on how to win clients and customers who are already being serviced by your competition, from the author of The Only Sales Guide You'll Ever Need and The Lost Art of Closing. Your competitors may be tough, but with the strategies you'll discover in this audiobook, you'll soon be eating their lunch.
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You probably think sales reps close deals. But the data’s in. More than 90 percent of B2B buying happens during internal meetings—not sales meetings. Which means deals are won and lost when you're not in the room. Yet, the typical sales book and process still focuses on sales reps in sales meetings. It’s like trying to win a Formula 1 race while driving on the wrong track. That’s why Selling With teaches you the art of buyer enablement—the process of creating committed champions for every deal in your pipeline, while enabling them to sell internally with a compelling written message.
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Practical approach to modern selling
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Elite Sales Strategies
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In Elite Sales Strategies, expert sales leader Anthony Iannarino offers his philosophy about becoming a commercial success. This guidebook provides unique insights into how to approach every sale by serving your clients from a position of authority and expertise.
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Fanatical Prospecting
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Fanatical Prospecting gives salespeople, sales leaders, entrepreneurs, and executives a practical, eye-opening guide that clearly explains the why and how behind the most important activity in sales and business development—prospecting. Step by step, Jeb Blount outlines his innovative approach to prospecting that works for real people, in the real world, with real prospects.
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Cold calling is painful and uncomfortable for every single salesperson on Earth. The average seller makes a couple dials, hits 6 voicemails, and gives up the moment a prospect hits them with a nasty objection. But every time you decide to pick up the phone in spite of the suck, you separate yourself from the folks who quit. That's when you get ahead on the leaderboard. Cold calling sucks. And that's why it works. While most books are a 400-page exercise in academia, we have 4 promises to make this the most actionable sales book you've ever heard of.
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Growing a business in the twenty-first century has become a capital intensive and data-driven team sport. In Revenue Operations, an accomplished team of practitioners, academics, and experts provide a proven system for aligning revenue teams and unlocking growth. You'll understand what it takes to successfully transition to the new system of growth without killing your existing business. As a perfectly balanced combination of academic insight and data-driven application, this book belongs on the bookshelves of anyone responsible for driving revenue and growth.
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Just repeats himself over and over and over
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By: Stephen Diorio, and others
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Sell the Way You Buy
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While a Vice President at Salesforce, David Priemer had an epiphany: The very sales tactics his team was using were not working on him. While the company — and his entire profession — was acting with more than enough gusto, they lacked emotional awareness and empathy. Put simply: They were not selling the way they buy.
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Great modern approach to sales
- By EJ on 11-12-24
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SPIN Selling
- By: Neil Rackham
- Narrated by: Eli Woods
- Length: 6 hrs and 12 mins
- Unabridged
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Overall
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Written by Neil Rackham, former president and founder of Huthwaite corporation, SPIN Selling is a must-listen for anyone involved in selling or managing a sales force. Unquestionably the best-documented account of sales success ever collected and the result of the Huthwaite corporation's massive 12-year, one-million-dollar research into effective sales performance, this groundbreaking resource details the revolutionary SPIN (Situation, Problem, Implication, Need-payoff) strategy.
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Sales and Science
- By Joe A Snyder III on 10-27-21
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Always Be Qualifying
- MEDDIC, MEDDPICC
- By: Darius Lahoutifard
- Narrated by: Samantha Novak
- Length: 2 hrs and 56 mins
- Unabridged
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Overall
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Performance
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In the past few years, companies large and small have called on Darius Lahoutifard to get help with their non-performing sales teams. The described symptoms are different from one company to another, but Darius noticed that all they are related to the same illness: the inability to qualify. This book covers both the why and the how of sales qualification. It describes the MEDDIC (Metrics, Economic Buyer, Decision Criteria, Decision Process, Identify Pain, Champion) sales methodology in-depth. This is not a book of theories or academic concepts, but techniques with practical recipes.
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Audio
- By John on 11-10-22
What listeners say about The JOLT Effect
Average customer ratingsReviews - Please select the tabs below to change the source of reviews.
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Overall
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Performance
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- Devan
- 06-22-24
Very light on what to do.
Good stats, good information. Very light on actual tactics. I usually don’t have trouble getting tactics and next actions from books, but after completing this book, I’m still thinking… “Ok. What now?”
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- Anonymous User
- 09-08-23
Something to Think About
I love it when a cell book gives me a critical element to be thinking about at all times!
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- Anonymous User
- 02-28-23
Great when you are stuck with deals!
I work in crm consulting and this book is amazing as we can add playbooks from this book directly into clients crm
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- Cliente de Amazon
- 07-02-24
Datos interesantes para equipos de ventas
Buena información sobre el sesgo de omisión y cómo sobreponerse a la indecisión de un cliente o descartarlo por lo mismo.
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- Jeff
- 12-20-22
Great stuff!
Kind of hit on what might be a paradigm shift from companies still doing business 90’s-style… where a room full of “experts” are meant to “Wow” the client.
Now… the salesperson should hone their own expertise (up to a certain level) and reduce FOMU!
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- Mark Gibson
- 01-27-23
The high cost of buyer indecision
After reading The Jolt Effect, by Matt Dixon and Ted McKenna, where they analyzed more than 2.5 million sales calls recorded and digitized in the Tethr call recording system, we know the problem exists across the entire SaaS B2B market, regardless of sector or deal size.
The insights from the analysis published in The Jolt Effect result from an AI model created after analyzing 8,300 data points in a 2.5 million call sample. The model reliably predicts the outcomes of a deal with 85% accuracy, based on the language the buyer uses in the call.
This is a historic and watershed study of buying behavior and sales leaders who ignore the findings or fail to read and absorb the lessons in this book, do so at their peril
What’s Going on?
In the past 5-7 years win rates (from qualified prospect to close) have nearly halved, while deals ending in no decision have more than doubled. Until the Jolt Effect was published, few people knew why or could tell you what to do about it. As revealed in the study, elite salespeople could intuitively detect indecision and took steps to overcome the indecision to bring in the business or recognized the buyer could not decide and they moved on.
win loss rates to no decison
But what about the other 94% of salespeople?
If you are not recording every sales call and Zoom/Teams/etc. call and your sales managers are not analyzing sales calls and coaching, peer coaching, and mentoring salespeople and SDRs on a weekly basis, then you might as well click away now because nothing is going to change and your %age of deals ending in no-decision number will remain the same
Why are so many deals ending in no decision?
Based on the data, 44% of deals that ended in no decision because the buyer preferred the status quo to change. The other 56% of deals were lost because of buyer indecision, see Figure 1.1 from the Jolt Effect Audible download.
root cause of losses
Buyer indecision is not new. We know in every decision involving change that there are two opposing sets of forces at play. This is well articulated in the Jobs to Be Done framework or mental decision model, articulated originally by Tony Ulwick 20 years ago, and adopted by Clayton Christensen in the Innovators Solution alongside Bob Moesta.
There are opposing forces at play in any decision to change that result in behavior change. On the forces pushing forward to a new choice; there is the urgency of the current problem and the desire to make things better, combined with the attractiveness of the new solution. The forces blocking change are the habit of the present and the tug of historical allegiances, combined with the anxiety and uncertainty of making a new choice.
OPPOSING FORCES MODEL FROM BOB MOESTA.
JTBD Forces model
What is causing buyer anxiety and uncertainty that leads to indecision? It’s human nature and the fear of messing up is causing high levels of indecision for three main reasons. These could resonate with you as you think back about deals that didn’t close for your team over the past year or so.
Buyers are unable to choose between different products and ask for comparisons between your offering and competitor B and obsess over features that are present or missing from your offering.
Buyers are drowning in high-quality information from dozens of sources and trying to find the best product/service becomes a confusing, time-consuming chore. This is known as analysis paralysis. Symptoms are when buyers ask for more information, another pilot, another customer reference or advise they will get back to you when they have analyzed yet another competitor’s products.
Buyers are uncertain of achieving the ROI and financial outcomes they seek from the new product or service and believe that it will reflect poorly on them and the decision team if they don’t. Buyers view the amount of change, disruption, and financial outlay as too risky for them and possibly career-limiting if all goes badly.
What are High Performers Doing to Overcome Indecision?
The JOLT in The Jolt Effect title is an acronym for what elite salespeople are doing that is different from the rest and it starts with a J.
Judge that indecision is happening by listening carefully to customer language and observing behavior.
Offer proactive guidance and advocacy (personal recommendations), based on experience working with similar customers who faced the same array of choices. This is the domain of elite reps who have established trust and are industry experts in how companies buy and use your product.
Limit further exploration. This requires several skills, sense-making and controlling the flow of information. Salespeople who have established themselves as subject matter experts are in the best position to help customers to decide.
Take risk off the table. Top performers help buyers to get comfortable with their decision by setting outcome expectations, offering downside risk protection, and or starting with a smaller deal size.
What to Do?
Implement The JOLT Effect training to overcome buyer indecision, and this starts by getting everyone on the customer-facing team to read the book, or as a minimum watch a video summary of the core concepts. In your weekly sales meeting, get each salesperson to present one key learning from the book or idea they will adopt next week.
If you are not already recording and analyzing sales calls - when would now be a good time to start?
Call recording software from companies like ExecVision (Mediafly), Gong, Chorus, and Tethr are the only tools in the sales enablement tool stack that go viral in an organization. Why? Because salespeople, particularly new hires, want to hear what top reps are saying and doing on sales calls. A library of curated calls is a wonderful way to accelerate sales ramp time with regular coaching and mentoring. Nothing beats call recording and coaching for improving conversational competency.
Focus on skills development. A recession is a good time to upgrade the consultative selling skills of your team by replacing poor performers with mindset issues and by implementing weekly 3-4 hour skills coaching, and role-playing workshop sessions, where managers review and critique calls and focus on developing one skill a month and monitor individual performance improvement. Toastmasters is a great first step outside the company to gain important communication sales and life skills
Adopt a continuous learning ethos. This starts at the top of the company and sales leaders must encourage salespeople to take charge of their own personal development, subsidizing book and development course purchases, holding monthly book reviews, and encouraging participation in external learning courses in line with career development.
Why bother?
The data in the study reveals that Jolt seller win rates are nearly double that of average sellers in deals with low indecision, and more than double in deals with medium levels of indecision, but when buyers have a high degree of indecision, Jolt sellers have a win rate 5 times higher than average sellers. This chart is from the Jolt Effect Audible download.
jolt win rates
I know of no other lever that sales leaders can pull, capable of increasing revenue that would otherwise be lost to no decision. What is the financial impact to your company if in the first year of implementing Jolt training, deals lost to indecision were reduced by 10%, which means your win rate increased by 10%? What if that was 20%?
Want to implement the Jolt training outlined above? Get in touch and book a free consultation.
This review was originally posted on whychangselling dot com 26.1.23
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- Kathy
- 09-24-22
If you sell complicated offerings… read this now!
I could write a separate novel on the takeaways of this book. But it is a game changer.
Start at the beginning obviously, but Chapter 5 is filled with insight. I didn’t realize I was already doing many of these behaviors.
I sell complex ERP and have a deal I am closing this month at 100kARR. Ive been doing what I do for a while (SME) and always been a subscriber to Challenger, but the dynamics and flow of this deal was text book exactly how the book describes the Jolt Seller. Never heard that articulated. The close was one if the easiest and most natural processes Ive worked on big or small. I also gained other new tools.
The explanation of injecting fear into a fearful process like incentive expirations and pressure tactics are why clients end up doing nothing. The salesperson is shooting their own foot. Looking forward to using these to up my close ratio.
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- Joe Armeli
- 01-30-23
Great mindset shift for sellers
Great mindset shift for sellers to approach customers with confidence and truly advise, rather than always play it cautiously.
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