meddic sales concepts
TRANSCRIPT
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MEDDIC Sales process
-Ankit Brahmbhatt
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MEDDIC• M = Metric• E = Economy Buyer• D = Decision Criteria • D = Decision Process• I = Identified Pain• C = Champion
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Metric• Metric means being able to have both relevant success of a similar
nature from completed existing client projects that match the campaign in question, and knowing what benefits we’ll bring to the prospect’s specific table, all presented - and this is the crucial point – in hard-hitting, stark, financial terms.
• It also applied on what drivers will be contributing in potential revenue generation, productivity & quality.
• Deciding go to market strategy
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Economic Buyer• Economic buyer indicates who will sign the
contract
• It also stands as who owns the budget & authorized of final say, how money will be spent.
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Decision criteria
• It indicates Technical and commercial criteria.
• Prospect’s priority and our position versus competition?
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Decision Process
• steps will be followed to select a solution
• The Sequence of Events
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Identify Pain
• What “Pains” will be eliminated with the solution?
• What is the individual or group objective? Are their serious consequences if not achieved?
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Champion
• Who is the Individual who has a personal win associated with the success of FAST?
• Champion provides easy access to MEDDI.
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MEDDIC Cycle
Identify Pain
Decision Process Decision Criteria
Economic Buyer
Metric
Champion
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Thank you
Prepared by- Ankit Brahmbhatt