Hunting Big Sales with Tom Searcy

How To Close A Deal Like Warren Buffett

Tom recently had the pleasure of doing a podcast with Will Barron from Salesman.red discussing his book How To Close A Deal Like Warren Buffett.  Check out the  recent podcast episode and note the rules are pretty simple and they tie in directly with success in sales –

1) Only Deal With Dealmakers

This is sales 101 but it can sometimes be tough to get in front of the decision maker. Don’t back down from getting those meetings as it speeds up the sales process considerably.

2) Go Big

Why close a bunch of small deals that require just as much energy each to close that big one?

3) When You’re Going To Eat An Elephant, Don’t Nibble

You can add massive value by simply respecting a prospects time. Don’t faff around, jump in with your offer when negotiating and take the deal off the table.

4) Victory Favours The Ready

One of the easiest medical device deals I ever closed (£230,000+) happened in the space of 2 hours over 3 phone calls.

The hospital had money they needed to spend before the end of the month and I was the quickest sales person to respond to a group email that went out to suppliers.

Have you got processes in place to enable you to move quickly?

5) The Last Step Is Always Slippery

The deal isn’t done until the money is in the companies account. “If something can go wrong, it will go wrong” so plan ahead.

Posted by Jessica Soriano in General, Sales Skills, Sales Strategy.



 

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