Re: LeadRPro - Scenario - savage input requested

LeadRPro targets tech buyers and sellers. Aims to connect them in a marketplace. Pays demo takers $75 out of a $500 fee paid by demo givers. Fee discounted in bulk - Got 2 free at signup and 5 more for $1500. Allows pre-qualifying questions and seller determines whether to take the demo. 3 in the bag. First was an enterprise CISO who gamed the questions to get his $75. -whatever- Next one was solid. VP champion type - C Suite queued up - in progress. Then #3. A CEO growth/SMB/starter/dreamer with a recent seed round and some crowdsourced money in the bank.


Dude showed up scattered af. Didn't know what he wanted. Demo never happened. Meeting never got out of disco. But he tolerated the full interrogation. One problem identified, but not THE problem. You know that audible gasp you get when you just nail it? Never happened. So, deal was on the way to closed/lost without further digging.


I dug, found the real problem.. and it had nothing to do with my solution. Needs a small-ish custom dev job first. So, I told him. You're not ready for X until you fix Y. Anything I do will have a muddled ROI result until you fix Y first. And Y is a nominal expense relative to X. It's necessary. You can't move until it happens. We'll automate it. Let's do this, then... here's the plan going forward.


Dude replies with a resounding "Yeah! That's been on our roadmap for a while!" We schedule meeting for next week to show him the first solution. No Raj required - can do this one in a drunken stupor. So, next week should be a show n tell, right? I show solution, tell him to pay me money now. Here's the twist. LeadRPro provides bidirectional feedback. I just got his:


Interested in moving forward?

Yes, I'd like them to send me a proposal.

What, if anything, did you find most appealing about the product?

Great follow-up, good listening, now we'll find out.

What, if anything, are your hesitations/concerns about the product?

Got to see proposal to be able to comment.

Was there anything you wish to have seen or discussed in this presentation that was not?

All covered (waiting for proposal)


Dude wants proposal now. It's against everything I stand for and everything I've ever learned to send the MSRP before the test drive. Would you send it 5 days before the next meeting?

https://www.leadrpro.com/ LeadrPro - The power is yours Get paid to evaluate the latest software for your business.
โ˜๏ธ Software Tech
๐Ÿ” Discovery
๐Ÿ‘ Sales Process
5
Pachacuti
Politicker
5
They call me Daddy, Sales Daddy
I have an issue with that service which matches buyers and sellers. I could see a lot of abuse with people gaming the system in order to get $75. I personally wouldnโ€™t waste my time with that. I donโ€™t believe in paying for leads like that.

However it seems to be working out for you for two out of the three, and that said if there is nothing else which is taking your time and attention, I would pursue those heavily.
oldcloser
Arsonist
2
๐Ÿ’€
I wasn't comfortable with the $75 to listen offer either. But we got hooked with the first 2 free. When one panned out we dove in. It takes nothing to manage the prospecting. So... we'll evaluate after we're done with the $1500 total test. Jury still out. If either deal in the pipe closes at 250k its 166:1 ROI. We'll follow blindly.
Pachacuti
Politicker
2
They call me Daddy, Sales Daddy
I can see the draw for the potential ROI on a single closed deal.
Maximas
Tycoon
1
Senior Sales Executive
I second this totally!
punishedlad
Tycoon
2
Business Development Team Lead
Had a similar interaction today where a prospect who was marginally familiar with our product from when he saw it 5 years ago. He asked if anything has changed with our pricing since then. The answer is yes, but a lot of other things have changed. Our company and product have grown exponentially since 5 years ago, so I pushed to get a demo with him to show him all that's changed.

He demands a quote. I told him we do have some incentives for April/May, but I think it would really be best for both parties if we could schedule 30 minutes to revisit the actual solution. He again requests a quote and says that he doesn't want to meet until he sees the cost so "we don't waste either of our time"

I'm still trying to figure out how to navigate this, and wish I could give you a slam dunk answer to your question.
CRAG112
Valued Contributor
3
Account Executive
NEVER send pricing when someone is not ready to buy and/or has no implementation date. They will use it against you later (yes, this is happening from 5 years ago). This is also a control situation. Buyer wants to feel like they are running the game. Buyer could also be gathering quotes because they have to, or want to see your pricing and is actually a competitor, there are a ton of things that could be going on via the sidelines.

Push back.
Say no to the quote.
Explain quite clearly that you don't just quote and go and why (you did that). Quoting and going is also done in highly saturated markets where price is the key factor. Don't play that game!
Ask what their range of budget looks like. No need for you to do the work required to make the quote, it's a 2 second text message back and forth. Insta-qualify disqualify for everyone.

I need a quote to see if this makes sense to talk further about.

A quote is a lot of time billed to the company. If you tell me a price range you're looking for, I'll tell you right now if you are in our range or not. We already established the pricing you had in mind from years back is not applicable.

If there is push back further, keep it moving with someone else.
oldcloser
Arsonist
0
๐Ÿ’€
I was able to get around it and further engage Mr Client dude.
All well
CRAG112
Valued Contributor
0
Account Executive
Cool. What did you do to get around it.
oldcloser
Arsonist
0
๐Ÿ’€
Mostly words. Dug deeper into the solution. Found another hole to plug. Told him I'd see him next week with the proposal.
oldcloser
Arsonist
1
๐Ÿ’€
These do suck. You maybe could ask him how much he wanted to pay last time. And would he still if all was the same with the product. Yeah? You would? Weโ€™ll all is not the same and youโ€™re gonna love it. Promise- I wonโ€™t waste your time. ๐Ÿคท๐Ÿปโ€โ™‚๏ธ dunno
Sunbunny31
Politicker
1
Sr Sales Executive ๐Ÿฐ
I'm on the fence about these, because I definitely understand the interest in not wasting time, but I also have a solution that requires a fair amount of understanding of the scale and the results the customer is looking for (is it full platform, or just a module or two? How many users? Countries? etc).

So - when they won't give us what we need for a quote, yet they need a quote, I've provided a range. The less I know, the broader the range. Will that work?
Pachacuti
Politicker
1
They call me Daddy, Sales Daddy
I have an issue with that service which matches buyers and sellers. I could see a lot of abuse with people gaming the system in order to get $75. I personally wouldnโ€™t waste my time with that. I donโ€™t believe in paying for leads like that.

However it seems to be working out for you for two out of the three, and that said if there is nothing else which is taking your time and attention, I would pursue those heavily.
poweredbycaffeine
WR Lieutenant
1
โ˜•๏ธ
The LeadrPro team is 100% amateur hour. Their VP of Partnerships has never worked in B2B before and is absolutely terrible at sales (sent me the worst LinkedIn cold message I've gotten in 2023), their founders have no substantial background of success and I am pretty sure the CEO is a mini Brandon from Seamless, and the rest of their ragtag team is just buddies and cheap hires.

I'm not surprised that their pay-for-play game is turning up shitty-fit folks into your pipeline. I wouldn't invest in a platform that is powered by a delivery team that has minimal cycle exposure. I'd cut that limb off asap.
oldcloser
Arsonist
0
๐Ÿ’€
Itโ€™s not like I actually have to actually speak to them about anything. Interactions with them were: a 12 min demo and 1 complaint that got me a free demo. The dude who played nice and ghosted for $75 was a freak. Bigass title. Bigass company. Iโ€™ll track him down later for something else.

To your point- I probably wouldnโ€™t trust that team to deliver a successful doordash. But out of 3 pitches, 2 have life. 10 or so other door knickers weโ€™ve DQโ€™d.

No amputation just yet. ๐Ÿ”ช
4

Hello all, new to the group and very happy to be here. To those who have been using the platform... what is your best advice on how to beat use the war room to start networking, contributing, and getting the most out of it. Think back to what you wish someone told you when you first joined. TY!

Discussion
15
21
Members only

What do you say to your prospect after sharing pricing on the call?

Question
27
7

Second deal review / pre-mortem - all input is welcome

Discussion
12