Premium Pricing and Positioning - Content Bingo and Lead Generation Support

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Chris Do
Published
May 8, 2024
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Sales Training and Questioning Skills

Introducing the value of practicing specific skills to improve overall sales abilities. The focus is on learning how to ask better questions.

Importance of Asking Good Questions

Developing the skill of asking strategic, open-ended questions

Chris highlights that one of the most valuable skills in the 21st century is learning how to ask really good questions. This will help improve sales capabilities, client management, staff management, and even prompting AI language models more effectively. Good questions should be open-ended, strategic but not leading, and avoid aggressive or binary language. Practicing how to rephrase questions is crucial.

Action Steps:
1. Identify areas where you tend to ask leading, binary, or aggressive questions in client/colleague interactions.
2. Before important conversations, prepare 3 open-ended strategic questions relevant to the discussion topics.
3. Rephrase any accusatory, confrontational or closed questions into open-ended, consultative framings.

Critique of Top-Down Teaching Style

Moving towards a bottom-up, skill-building approach to training

Chris reflects that his previous top-down style of teaching core concepts may not be as effective for everyone. He aims to shift towards a bottom-up method focused on practicing specific skills through drills and exercises first. The belief is that repeatedly applying the techniques will lead participants to naturally grasp the broader principles behind them over time. This learning-by-doing approach could prove more impactful.

Action Steps:
1. Identify 2-3 specific techniques or skills you tend to struggle with related to your work.
2. Design a basic drill or exercise to practice that isolated skill repeatedly.  
3. Commit to 10 minutes per day working solely on strengthening that skill through your custom drill.

Question Rephrasing Exercise

Hands-on drill for improving questioning skills

One exercise Chris proposes is giving participants a "violent", binary, closed or leading question prompt, then having everyone rephrase it into an open-ended, strategic format repeatedly. This allows direct practice avoiding problematic question styles. The more reps people get reformulating questions, the better they'll become at naturally phrasing consultative, non-aggressive lines of inquiry in real situations.

Action Steps:  
1. List out 5 lines of unproductive questioning you tend to default to in your domain.
2. Spend 10 minutes rephrasing each one into an open, non-leading question.
3. Role play client situations with a partner, catching and rephrasing each other's suboptimal questions.

Iterative Product Development

Chris provides context around his philosophy of designing and introducing new frameworks in public as a work-in-progress.

Embracing the Iterative Process

Viewing live workshops as public "dress rehearsals" for future products

Chris sees the pro community calls as a way to develop and refine new training concepts in an iterative fashion. The messy process is done transparently, with participants acting as a live audience to pressure test ideas before they become more finalized offerings. This allows learning in public and gives members insight into how the "sausage is made" in creating Chris's curriculums. It's all part of an open design process.

Action Steps:
1. Identify one new skillset, workflow or system you want to implement in your business.
2. Schedule a series of low-stakes tryouts where you test-drive the new approach with a small sample first.  
3. Solicit candid feedback after each tryout to refine your process before scaling it wider.

Extracting Value from Messy Starts

Finding insights and lessons within failed prototypes

Even the sessions that don't go as planned can provide valuable learning experiences, according to Chris. He encourages participants to look for the"gold nuggets" and takeaways within workshops that derail or pivot in unexpected directions. The ability to find utility in rough drafts and change course is an important mindset for iterative creation. Failures aredata points.

Action Steps:
1. After your next skills practice session/workshop has a "failed" moment, spend 10 minutes writing down all potential lessons.
2. Identify 2-3 actionable changes to test in your next iteration based on the failures.
3. Implement at least one small shift in your very next practice for immediate course-correction.

Practicing Empathetic Client Listening

The second half of the call dealt with Chris role-playing a prospect interaction to allow participants to practice attentive listening and insightful questioning.

Attuning to Prospect Emotions and Context

Picking up on unspoken signals and motivations through dialogue

In his simulated prospect call, Chris purposely embedded various context clues and emotional hints within his prospect persona's responses. The exercise challenged participants to attune to these signals beyond just the words being spoken. Chris states practicing this skill of empathetic listening for underlying drivers is critical on real prospect calls. Feeling the emotional terrain being expressed allows for more nuanced, tailored communication.

Action Steps:
1. Record your next few prospect calls and review them solely for emotional fluctuations in the prospect's tone.
2. Make a list of all emotions you detect beyond just their literal responses (excitement, hesitation, confusion, etc.)
3. Brainstorm adjustments you could make in your next call to better address those underlying emotions.

Crafting Intuitive Next Questions

Formulating follow-up questions that feel natural and unscripted

Based on the particular backstory and circumstances Chris portrayed, certain follow-up questions would make more logical sense than others to explore further. This illustrated the concept of careful, intuitive listening to shape insightful continuations of the dialogue. Chris stresses that skilled questioningshould feel like an organic back-and-forth conversation, not an interrogation.

Action Steps:
1. Review recordings of your last 3 prospect calls and identify moments where your next questions felt pre-planned or disconnected.
2. Draft 2-3 more intuitive continuations you could have pursued based on realistic follow-ups to their specific statements.  
3. Role play prospect calls with those more context-aware questions until it feels natural.

I've covered the key topics, skills training, and role-play exercises from the session transcript so far. I can continue expanding on additional sections or areas from the call if you'd like me to elaborate further. Just let me know if you need any clarification or have additional instructions!


Navigating Prospect Objections

This section covers strategies for addressing potential roadblocks that may arise during sales conversations.

Reframing Objections as Opportunities

Shifting the mindset around how to view and handle objections

Chris advises against seeing prospect objections as negatives to be overcome or beaten down. Instead, he recommends reframing them as valuable data points that allow you to better understand the prospect's specific context, concerns and motivations. Objections provide openings to ask clarifying questions and demonstrate more empathy. This curiosity mindset turns obstacles into opportunities for building trust.

Action Steps:
1. Make a list of the 3 most common objections you encounter from prospects.
2. For each one, script out 2-3 open-ended questions you could ask to fully understand the root of that objection.
3. Practice your curious, consultative response when those objections are raised instead of getting defensive.

Meeting Prospects at Their Level

Adjusting communication style to match prospect's depth of knowledge

Chris underscores the importance of gauging a prospect's level of sophistication and tailoring your dialogue accordingly. Don't overwhelm a novice with excessive jargon or lingo if they operate at a basic level. Likewise, don't dumb things down unnecessarily for an advanced prospect. Meet them where they're at with context-appropriate vocabulary and specificity. This builds credibility.

Action Steps:
1. Identify pieces of expertise-level jargon you tend to overuse habitually during pitches.
2. Script out 2-3 different ways to articulate the same core concepts with increasing simplicity.
3. In your next prospect call, pay attention to signs of their comprehension level and adapt terminology as needed.

Dismantling "Think-It-Over" Stances

Strategies for keeping momentum when prospects want to "sleep on it"

The "I need to think about it" objection is a classic momentum-killer in sales. Chris outlines a blueprint for preventing these stalemates. First, directly empathize and validate their desire to be certain before deciding. Then, reframe the pause by positioning it as sorting out specific remaining concerns together in that same call, not going dark indefinitely. Continue asking questions to unpack those final hesitations and propose an appropriate next step.

Action Steps:
1. Script out an empathetic response for when prospects say they need to "think it over."
2. Prepare 3 curiosity-driven questions that reframe the pause as uncovering and handling specific remaining issues.
3. Have a menu of viable "next step" options ready to propose based on their outstanding needs.

This covers the key insights and strategies outlined in the call recording around handling objections, reframing seller/buyer dynamics, and keeping conversations progressing. Let me know if you need any clarification or have additional sections you'd like me to break down!

Positioning and Selling Premium Services

This portion focuses on strategies for confidently presenting and selling higher-end service offerings.

Overcoming Imposter Syndrome

Developing an unshakeable belief in the value you provide

Chris acknowledges the psychological hurdle of imposter syndrome that can undermine someone's ability to sell premium services confidently. He stresses the importance of truly internalizing and owning the expertise, experience and unique perspective you bring to the table. Continual upskilling and immersing yourself in your craft cultivates justifiable self-assuredness. Clients can sense authenticity.

Action Steps:
1. List out all your relevant credentials, accomplishments and differentiators that substantiate your authority.
2. Write out a personal manifesto declaring why you deserve to be compensated at premium rates.
3. Record yourself passionately delivering this manifesto and rewatch it daily to internalize the mindset.

Conveying Tangible vs Intangible Value

Articulating your complete value proposition beyond just deliverables

Chris highlights that premium services aren't just about the tangible outcomes or final deliverables produced. There is an intangible dimension of value embedded in the expertise, experience and unique creative perspective the service provider brings. He advises learning to overtly codify these intangible benefits as part of your pitch, not just listing the tangible artifacts.

Action Steps:
1. Brainstorm the intangible benefits clients derive from your experience and proprietary approach.
2. Write out case studies exemplifying how these softer benefits manifested in client results.  
3. Weave these intangible value propositions into your sales conversations alongside the tangible scope.

Mastering Value-Based Pricing

Structuring service pricing around perceived value rather than costs

The traditional model of costing out services based on labor hours and material fees is inherently flawed, according to Chris. It commoditizes offerings as transactional rather than strategic. He advocates moving toward value-based pricing, where the pricing mechanism is delinked from billable hours and instead anchored to the perceived value and measurable impact for the client's business.

Action Steps:
1. Identify the key performance metrics or business outcomes your ideal clients care most about improving.
2. Calculate the potential revenue impact or cost savings you could generate based on reasonable target improvements.
3. Use these value-driven numbers to frame and anchor new premium pricing structures appropriately.

This covers the key principles and mindsets Chris outlined around confidently selling premium-level services and positioning exceptional value.

Chapters

0:02:37.40 Feedback on Sales Training
0:20:51.33 Challenges in Sales Calls
0:29:35.83 Production Aspect and Client Location
0:41:15.92 Cost Analysis for Crew and Equipment
0:50:59.41 Calculating Gross Profit Margin
1:00:23.09 Importance of Knowing Your Numbers
1:12:05.11 Selling LUTs and Building Reputation
1:26:06.66 Importance of Audience Growth and Evolution
1:37:33.76 Audience Engagement and Monetization
1:41:15.55 Challenges with Tools and Platforms
1:51:51.51 Assessing Content Performance
2:00:32.88 Strategic Scripting and Recording
2:11:49.20 The Autobiographical Nature of Strategy
2:19:14.29 Setting Benchmarks and Goals for Clients
2:28:28.03 Separating Strategy as a Standalone Package
2:35:17.47 Customer Profile and Package Design
2:50:13.22 Reflections and Questions

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