Changing your pitch during a recession

For context: I started my sales career July 2008. The first 18 or so months were the worst period in the US economy until... today :/


When companies are instituting hiring freezes, layoffs, and budget cuts, you may think it's futile to try and close new deals. But you would be wrong.


Companies still MUST grow or they will end up shutting down. And if you cannot just throw money after people or Google Ads anymore, companies have to get more creative in how they increase revenue.


This is your golden opportunity as a sales professional. It takes 3 "simple" (as in, nothing is actually simple about sales..but the method is fairly straightforward) steps to sell in today's environment:


  1. Resonate - You have to come off as authoritative. Say things like "every CFO and CEO is looking for ways to cut to spend, including painful measures like laying off employees. But they are still trying to find ROI positive ways to grow their revenue despite the downturn."
  2. Perception-Shift - "While many of our customers have reduced spend with us or have put a pause on their subscription, there's actually a handful that are doubling-down. They realize that their competitors can't spend to grow right now either, so this is the perfect time to leapfrog them for pennies on the dollar."
  3. Example - "For example, XX client was struggling to hire Tier 1 salespeople because they didn't have fancy investors or overpay on comp. But with hiring freezes, they are now able to attract a much higher-quality sales rep for the same price...and with 0 competition. So when things turn around in 2-4 months, they will be far stronger than they were before the recession."


Happy selling.

๐ŸฅŽ Training
10
ADudeBeingAGuy
Politicker
2
Account Executive
Worse than 2008? Daaaaaang that's bold.
I hope you're right, Dude's tryna buy a house.
Sunbunny31
Politicker
2
Sr Sales Executive ๐Ÿฐ
It is a better time to buy, if you can swing it.ย  ย Good luck!
sketchysales
Politicker
2
Sales Manager
best time is rn, jump on it while interest is where its at.ย  Its going to go way up.
ADudeBeingAGuy
Politicker
2
Account Executive
Sahil told me it's 2008 pt. 2 so I'm waiting for the entire global economy to collapse first then buy the dip
Gasty
Notable Contributor
1
War Room Community Manager
Is it a Recession really?ย 
I think it's more of a Rebalance.
sketchysales
Politicker
1
Sales Manager
Im with you here.

I am still not quite convinced we are going to have a full-blown recession.ย  The more news about it and the more we drive consumer confidence by speaking about it, then yes.ย  Recession inbound.ย  But currently consumer expenditure is at its highest which suggests a strong consumer confidence.ย ย 

I agree, there will be some sort of rebalancing because the current inflation isn't sustainable, economies are going to carry on hiking interest rates for the foreseeable to cool demand and strain on economies.ย  Will have an effect but full blown recession I cannot see happening just yet.ย  Will happen though at some point.
SaaSguy
Tycoon
1
Account Executive
Is this advice specific to a type of product/vertical?



I cant imagine telling net new prospects that our customers are reducing spend with us, its also just not likely to happen given what we do.
WorkaholicT
0
AE (Account Executive)
Really great positioning here
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