The Modern Selling Podcast
Mario Martinez Jr
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Boost Your Sales Performance: Strategies to Overcome Stalled Deals with Ryan Maggio, #247
If you're feeling frustrated and defeated because your attempts to close deals are constantly getting stalled, then you are not alone! It can be disheartening when you put in all the effort but still face resistance from prospects who are not moving forward. Despite your best efforts to engage and persuade, you might be experiencing a lack of commitment or a fear of making decisions from your potential clients. This is Ryan Maggio's story: Ryan Maggio's journey is a tale of resilience and growth. A Silicon Valley native, he had a unique start in the corporate world. As a young man, he cleverly navigated a loophole in his college's reimbursement program, managing to save and invest in experiences that would shape his future. This early display of entrepreneurial spirit was a sign of his grit, a quality that would serve him well in his future role in Xactly, a leading software company. Here, he weathered the company's evolution, from its initial VC funding stages to its private equity ownership. The fluidity of the company, coupled with his own dynamism, allowed him to thrive in an ever-changing ecosystem. Ryan's understanding of stalled deals and the challenges faced by sales professionals was born not just from his experiences but also from his passion for understanding the intricacies of the field. You have to retrain the mind of how do I go sell right now? How do I go in and drive value, get that person to open up? What is your fear? Because if you tell me what you're apprehensive about, it can be a little bit different of an experience. - Ryan Maggio My special guest is Ryan Maggio Introducing Ryan Maggio, a stalwart in intelligent revenue sales with a notable career spanning nearly 15 years at Xactly Corporation. Rising from an individual contributor to his current position as Vice President of North American Sales, Ryan's career trajectory is commendable. He has been a pivotal force during the venture-capitalist backed early days, the IPO phase and the current private equity-owned era of the company. His acumen in driving value sales and deep-rooted understanding of dealing with common sales hurdles such as stalled deals sets him apart. Ryan’s insights on navigating turbulent selling environments and thoughtful engagement strategies are truly enriching. In this episode, you will be able to: Discover effective tactics to troubleshoot stale deals and navigate through the intricate labyrinth of sales obstacles. Uncover unique methods to mitigate buyer apprehensions and successfully interact with the decision-making hierarchy. Learn how to deploy a powerful multi-faceted approach and showcase rapid value realization to win prospects. Realize the critical role of team synergy and how tools like Fly Engage can be a game-changer in your sales journey. Gain insights into proactive measures to prevent deal stagnancy and guarantees customer delight. List 2: The key moments in this episode are: 00:00:08 - Introduction, 00:01:14 - Get to Know Ryan Maggio, 00:04:24 - Juicy Fact About Ryan, 00:06:45 - Causes of Stall Deals, 00:10:21 - Selling to the Right Level, 00:15:42 - Getting Ahead of Churn, 00:16:19 - Addressing Stalled Deals, 00:19:40 - Identifying and Preventing Stalled Deals, 00:22:17 - Transparent Communication and Mutual Action Plans, 00:25:59 - Driving Accountability and Next Steps, 00:29:59 - Leveraging LinkedIn Connections, 00:31:21 - Understanding the Buying Committee, 00:33:01 - Utilizing LinkedIn Company Page Followers, 00:36:58 - Leveraging AI and ML for Sales Coaching, 00:39:18 - Tying Commissions to Discounts, 00:44:12 - Connecting with Ryan Maggio, 00:45:07 - Connecting with Ryan Maggio on LinkedIn, 00:45:39 - Ryan's All-Time Favorite Movie, 00:46:08 - Finding Common Ground with Kids, 00:47:14 - Closing Remarks, Timestamped summary of this episode: 00:00:08 - Introduction, Mario Mart
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