• Rethinking Sales Strategies for Modern Markets with Loren Padelford

  • Jun 13 2024
  • Length: 43 mins
  • Podcast

Rethinking Sales Strategies for Modern Markets with Loren Padelford

  • Summary

  • In today’s episode, I discuss how sales and marketing interact with Loren Padelford, a sales, marketing, cashflow, and revenue expert.

    You will learn:

    * The limitations of the predictable revenue playbook and alternative approaches.

    * How Salesforce pioneered cloud-based software and introduced a new way of thinking about how software gets delivered and sold.

    * How the rise of ad networks and digital ads made it easier to reach many potential customers faster.

    * Why the traditional sales process and long sales cycles are frustrating and failing.

    * That startups founders should design their own sales system based on their product and customer needs.

    * Shopify’s approach to hiring sales reps involved looking for personality traits like curiosity, intelligence, work ethic, and success.

    * That research shows no correlation between education and success in sales.

    * The limitations of Product-Led Growth (PLG) approach.

    * The role of sales reps as tour guides of e-commerce platforms.

    * The need for marketing, sales, and product to work together in the software industry.

    If you want to skip ahead:

    (0:01) The predictable revenue sales model and alternative models.

    (4:49) Sales and marketing strategies in the software industry.

    (10:52) The limitations of the predictable revenue model in software sales.

    (15:44) Sales strategies and personality traits for success in sales.

    (23:01) Sales strategies for Shopify businesses.

    (27:35) The role of sales reps in e-commerce, with a focus on Shopify's experience.

    (33:05) Sales and marketing collaboration.

    (36:51) Sales and marketing alignment.

    Connect with Loren Padelford on LinkedIn: https://www.linkedin.com/in/lorenpadelford/

    Connect with April Dunford and learn about practical positioning that accelerates marketing and sales:

    Work with April: https://www.aprildunford.com/contact

    April’s newsletter: https://aprildunford.substack.com/

    April’s LinkedIn: https://www.linkedin.com/in/aprildunford/

    April’s Twitter/X: https://twitter.com/aprildunford

    Mentioned in this episode:

    * Predictable Revenue: Turn Your Business Into a Sales Machine with the $100 Million Best Practices of Salesforce.com, a 2011 book by Aaron Ross: https://amzn.to/4bXcBMP

    Get April Dunford’s books and audiobooks:

    “Obviously Awesome: How to Nail Product Positioning so Customers Get It, Buy It, Love It.”

    “Sales Pitch: How to Craft a Story to Stand Out and Win.”

    Amazon US: https://amzn.to/49l0ZRY

    Amazon Canada: https://amzn.to/4ac9hgt

    Amazon UK: https://amzn.to/3vosDzQ

    Apple Books: https://apple.co/3xihSzC

    The Positioning with April Dunford podcast: Want to make your product stand out in a crowded market? It all starts with great positioning. Using April’s battle-tested methodology, she'll teach you the nitty-gritty of positioning so that you can unlock better marketing and sales performance.

    Podcast website: https://www.positioning.show/

    Subscribe on Apple Podcasts: https://apple.co/3PFHcWx

    Subscribe on Spotify: https://spoti.fi/4aqyDqI

    Subscribe on YouTube: https://www.youtube.com/@positioningshow

    This episode was produced by Story On Media & Marketing: https://www.SuccessWithStories.com

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