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How to Multi-Thread Your Deals
Published over 1 year ago • 2 min read
*Sunday Morning Sales Plays
Multi-Threading Deals: A Quick Guide to Getting to Closed-Won
This week's issue of Sunday Morning Sales Plays is brought to you by:
Accord: Deal Execution Platform Designed to Enforce Execution Excellence
Leading revenue teams use Accord to enforce their standards for how they sell, onboard, and expand with customers.
Sarah Brazier Co-Founder of Dimmo on Building a Way to Watch SaaS Demos Without Jumping Into a Sales Cycle
Here's a sneak peak at what's coming on this week's episode of Sales Players. We sat down with Sarah Brazier to hear about the vision behind Dimmo (a platform for buyers to demo SaaS products before diving into a full eval).
Sarah shared her process for creating content, starting with her first breakout post on LI. She also shared how acting and sales use similar skillsets.
This was a great convo and one you won't want to miss.
Multi-Threading Deals: Your Quick Guide to Getting to Closed-Won
First, What’s a Multi-Threaded Deal?
Think of it as having multiple points of contact within your prospect's company. You’re building a network to ensure your deal doesn’t fall through if something happens to one contact. Trust me, relying on one contact? It’s a gamble.
Why You Can’t Rely on Just One Contact
Imagine putting all your effort into one person only for them to leave the company or lose interest? Your deal could collapse in an instant. Multiple contacts mean multiple safety nets. Also in most large deals, you'll eventually need to engage an executive level sponsor in the process.
How to Multi-Thread Like a Pro
1. Build Personal Connections
Don’t underestimate the power of a friendly outreach. In a recent large deal, me making an effort to connect personally through calls and texts made a huge difference, even when we couldn’t meet face-to-face. Getting on a texting basis with multiple stakeholders proved to be a major signal that the deal was moving forward.
2. Engage Different Levels
I had a VP, senior director, a director, and a manager all in the loop. The more people you have on your side, the more secure your deal. Spread out your contacts across different levels of the company.
3. Propose Broader Meetings
It might feel weird at first, but it works. Ask your contact if it would be helpful to bring in their exec team for a follow-up meeting. Ask how you can help them get more exposure on the project.
4. Try Executive Peering
Offer to bring your own execs into the mix. Suggesting a call between your VP of Sales and their leaders can make a big impact and show that you’re bringing serious power to the table.
Using Your Company’s Resources
The best sellers know how to leverage what their own company offers—be it leadership support, custom demo environments, or anything else. Utilize these resources to strengthen your pitch.
In Closing
Multi-threading is key to securing big deals.
Build those personal connections, engage multiple stakeholders, propose broader meetings, and don’t forget executive peering. Make sure you also maximize your internal resources to back you up. If you want to learn more about how to thread your deals, be sure to reach out in Slack.
-Jesse
Look Ma' Sales Players made Haris Halkic's list of 100 Sales Podcasts for Top Performers!!!
Hey, so we made the list of Top 100 Sales Podcasts for Top Performers!
Our plan is to keep hosting and sharing in-depth conversations with the top players in B2B Sales & GTM.
If you like the stuff we are putting out, all we ask is that you be sure to subscribe to Sales Players on your streaming platform of choice and then like, comment and share with your friends, colleagues, random strangers on the internet and even the guy who sold you your last car.
Sales Players is on a mission to reach 1,000 reps, founders, and operators in tech with FREE weekly content that explores the mindset, skills, trends, and tools used by the industry's top players to win at the game of tech sales.
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