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How Do You Develop A WINNING Finalist Presentation Strategy?

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Views: 26082

The finalist stage of the process is an exciting time, but there is work to be done to develop the winning strategy. In this episode of the Sales Management Minute, learn the SIX QUESTIONS that shape your finalist strategy presentation.

The day started just like any other day for Lisa. Then, the call came! It was ABC Company’s Procurement Officer telling her that he loved the RFP response, selected her as a finalist for their account and invited her firm to make a presentation to their leadership team. She thanked the Procurement Officer a thousand times and rushed off the phone.

Lisa did the happy dance all the way down to her sales manager’s office and burst through the door. After an elated high-five, her sales manager asked her a few questions about the opportunity. “Uh oh! I forgot to ask about those things.” She better not cash the commission check just yet. There’s work to be done to best prepare a winning finalist presentation strategy!

The finalist stage is an exciting time, but top sellers don’t let exuberance knock them off their game. For your team to develop the winning finalist presentation strategy, you need to know answers to the six following questions:

  1. What did they see in the RFP response that led you to be selected as a finalist?
  2. What did they see in the competition’s RFP responses that they want you to address during your finalist presentation?
  3. Who from their team will be represented at the finalist presentation and what do they want you to be sure to cover?
  4. What other firms have been selected as finalists?
  5. What criteria will be used to score the finalists?
  6. What is the selection process following the finalist presentation?

For each of these six questions, there are several follow on questions that needed to be asked based on the responses received. Will you always get answers to all of the questions? Of course, you won’t. However, every information nugget you receive helps you develop your finalist strategy, select your team and craft your presentation.

During the conversation, be sure to also ask about logistics like:

  • Amount of time for the presentation
  • Who to ask for upon arriving at their office
  • Projector/Internet access (if needed)

One final thought… Oftentimes, non-sales people are included as part of a finalist presentation. Don’t assume that they came out of the womb knowing how to handle these situations. Coach them on presentation delivery and proper handling of questions or concerns that arise.

Remember, it’s your deal. You are the captain of the ship! Steer the team on a course for victory.

See you next time on the Sales Management Minute!

Lee B. Salz is a leading sales management strategist specializing in helping companies build scalable, high-performance sales organizations through hiring the right salespeople, effectively onboarding them, and aligning their sales activities with business objectives through process, metrics and compensation. He is the Founder and CEO of Sales Architects, Business Expert Webinars and The Revenue Accelerator. Lee has authored several books including award-winning,  best-seller “Hire Right, Higher Profits.” He is a results-driven sales management consultant and a passionate, dynamic speaker . Lee can be reached at lsalz@SalesArchitects.net or 763.416.4321.