MEDDIC training
Identify, qualify and acquire high quality leads.
Identify, qualify and acquire high quality leads.
When leads are qualified properly, your team will save more time on people not likely to buy from you; allowing you to hone in on the ones who are.
SOCO®‘s lead qualification training integrates MEDDIC and MEDDPICC sales qualifying methods into the course. We tailor the training to the deal size and buying process of our clients.
Our sales qualifying training equips teams with the skills needed to assess and rate their leads. It enables them to determine the most effective way to handle each lead.
MEDDIC is a widely used sales qualification framework that stands for:
It helps sales professionals effectively qualify and prioritize opportunities by assessing various factors that contribute to successful sales outcomes.
MEDDIC Sales Training equips sales professionals with a systematic approach to understanding the ideal customer needs, qualifying opportunities, and effectively navigating the sales process. By following the MEDDIC framework, salespeople can identify the purchasing decision-makers, understand the buyer’s criteria, and align your solution to meet the customer’s needs. This ultimately increases their chances of closing deals.
Identify, qualify and acquire high quality leads.
Tom Abbott, the CEO & Co-founder of SOCO/ Sales Training, met with Collin Stewart from Predictable Revenue to discuss different lead qualification processes and methods, including BANT, MEDDIC, and other variations.
When leads are qualified properly, less time is wasted on people not likely to buy from you, so you can hone in on those who are. This is why sales-qualifying methodologies are imperative to your strategy.
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MEDDIC, MEDDPICC and similar methodologies are widely embraced in sales qualification. They help representatives to learn all the information needed to make sure the lead is worth pursuing. This is to ensure that they are selling to the right person within the company.Â
Proper qualification will give a much better understanding of their buyer’s persona and buying process. They will be able to do sales forecasting with improved accuracy.Â
Here are the benefits to having your team use MEDDIC to qualify sales leads.
Qualifying leads involves rating them against pre-determined criteria to ensure they’re a good fit for your solution. This way, sales professionals can save time by focusing on people who are likely to do business with them. They can direct their efforts to the people who should be purchasing your solution.
Many sales professionals sell to people who can say “no” but don’t have the authority to say “yes”. To maximise conversions, sales professionals need to find out who all of the decision makers are, so that they can address the needs of the paying customer.
By figuring out the factors that your prospect uses when making a buying decision, you can decide if your company can fulfill their requirements. This will also enable your team to create a sales presentation that addresses their specific buying needs.
When dealing with large, complex deals, it’s crucial to have an internal champion within the organization. They will be the ones to actively work towards the company’s adoption of your product or service. Establishing an internal champion is an important part of the MEDDIC sales qualification process.
During MEDDIC lead qualification training, the reps will learn how to execute each of these steps. As a result, your company will have a consistent and structured way to determine whether a lead is a good fit or not. They will also gain valuable insights about the company that will help your team sell to them more effectively.Â
Identify, qualify and acquire high quality leads.
SOCO/ has won awards at the HR Vendors of the Year awards since 2014. These awards include Best Sales Training Provider, Best Digital Learning Provider, and Best Training and Facilitation Skills.
Industry-leading companies choose SOCO Sales Training to train their teams for a few key reasons:
SOCO provides 4-12 weeks of content after the workshop to help reinforce the in-class learning.
We conduct an in-depth assessment of the learners post training to evaluate what they learnt and how they will implement it.
To ensure you get the most out of the training and your investment we conduct a debrief call to highlight next steps needed and recommendations on how to maximize effectiveness.
SOCO®‘s MEDDIC Lead Qualification Training is for sales teams responsible for identifying, qualifying and acquiring high-quality leads. In particular, it focuses on how to consistently determine whether a lead is the right customer for your company. At the same time, how to skilfully gain valuable knowledge about the company, enabling teams to sell more effectively.
In this program, attendees will learn how to apply these skills by learning through a blend of strong content, interactive and industry-specific exercises, group discussions, role-plays, case studies, videos and Q&A’s.
1/2 to 1 Day or Multiple 120 Minute VILT Sessions
Sales Professionals, Sales Teams & Entrepreneurs
Live Workshop or
Virtual Instructor-Led Training
Identify, qualify and acquire high quality leads.
Choosing the right lead qualification methodologies for your team can be quite challenging. The methods in question such as MEDDIC, MEDDICC, and MEDDPICC each have their own set of unique benefits and drawbacks. With so many options to consider, making the decision can feel overwhelming.
We offer training on all these methods at SOCO/. You need to base your decision on your product and sales processes when choosing a specific method to adopt.
To achieve this, we do a thorough analysis of your sales process to determine the best method to help your team qualify prospects more efficiently and effectively.Â
This thorough approach ensures that your sales qualification process is only as complex and in-depth as it needs to be, ultimately leading to higher close rates and increased revenue.Â
MEDDIC and MEDDPICC were created by Jack Napoli, a highly respected sales executive and entrepreneur.
Jack Napoli's expertise and experience in the sales domain led to the development of these methodologies, which have become widely recognized and adopted in the sales industry.
MEDDIC is an acronym that represents a set of criteria used in sales qualification. The steps in MEDDIC sales are as follows:
These steps in MEDDIC are designed to provide a comprehensive understanding of the prospect's situation, needs, and decision-making process, ultimately increasing the effectiveness of the sales effort.
For more information of the MEDDIC sales framework, you can explore our article here.
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MEDDIC sales training is important for your team because it provides a structured and systematic approach to qualifying and closing deals.
By following the MEDDIC methodology, your team will be able to thoroughly understand the needs and pain points of potential customers, identify the key decision-makers, and effectively navigate the decision-making process.
This training can help your team improve their sales effectiveness, increase conversion rates, and ultimately drive revenue growth for your business.
Yes, hiring a sales trainer can be a valuable investment for your sales team.
An external sales trainer brings several advantages:
As compared to an internal trainer, these are some of the insights that they may not have. By hiring an external sales trainer, you can leverage their expertise to help your sales team perform at their best and stay competitive in the market.
The average cost of MEDDIC sales training can vary significantly depending on the provider and duration of the training. Companies can expect to pay between $500 to thousands per learner.Â
MEDDIC Sales training can be delivered live in-person, live-virtually, via e-learning or a combination of methods referred to as 'blended learning'.
Training sessions can vary in length to accommodate different needs. They can be delivered as short 90 minute sessions delivered via web conferencing software or can span 1-3 days in-person.
This flexibility allows us to cater to your preferences and scheduling constraints, ensuring everyone can receive the training they need no matter how busy they are.Â
In our comprehensive MEDDIC sales training sessions, we delve deep into key aspects essential for sales success. Your team can expect to master the following
Uncover Decision Making Criteria: Learn how to identify important buyer decision making factors that seal the deal.
Sell to People Most Likely to Buy: Sharpen your focus on targeting and talking to the right prospects most inclined to convert.
Determine Decision Makers: Figure out who's who in the decision-making process – it's a game-changer.
Establish an Internal Champion: Find out how to cultivate internal champions within a company who can help propel your sales initiatives forward.
Create Accurate Sales Forecasting: Hone the ability to forecast sales accurately, using what you learn from the MEDDIC playbook.
Our MEDDIC training is designed to equip your team with practical skills and knowledge, empowering them to navigate and excel in intricate sales landscapes.
MEDDPICC and MEDDIC are both sales qualification frameworks, but they have slight differences in their approach.
MEDDIC stands for Metrics, Economic Buyer, Decision Criteria, Decision Process, Identify Pain, and Champion. It focuses on understanding the buyer's pain points, decision-making process, and identifying a champion within the organization.
On the other hand, MEDDPICC includes Metrics, Economic Buyer, Decision Criteria, Decision Process, Paper Process, Identify Pain, Champion, and Competition.
The addition of Paper Process in MEDDPICC emphasizes understanding the steps and paperwork involved in the buyer's decision-making process. It also includes analyzing the competition faced by the salesperson.
While both frameworks share common elements, MEDDPICC adds a focus on the paper process and competition analysis.
We are committed to serving clients around the world. Our training programs have been successfully delivered in various international locations includeing all APAC countries, Europe, Canada, and North America. Regardless of your organization's location, we can work with you to provide high-performance sales training solutions tailored to your specific needs and objectives. Our global reach ensures that businesses in different countries can benefit from our expertise in optimizing B2B sales teams.
SOCO Sales Training offers training in various languages, including European languages and APAC languages like Indonesian, Thai, Mandarin, and Vietnamese. Regional team members can learn new skills in their native language while minimizing downtime and maximizing results. Training sales teams around the world so everyone can learn the same cutting-edge skills.
All participants receive complete MEDDIC Qualifying Training workbooks, post-training reinforcement content and access to our exclusive community Facebook group for ongoing support.
Get a quote or find out the right pillars and modules for your team. Our experienced program advisors are happy to help.
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