
55 segments available
April Dunford is a speaker, mentor, podcaster, best-selling author, and beloved returning guest to the show. Last year, she joined me on the pod to discuss product positioning and differentiated value. Today, April offers invaluable insights from her latest book, Sales Pitch: How to Craft a Story to Stand Out and Win. We go deep on the art of effective pitching and selling, and April shares the specific framework she’s used to successfully pitch products at companies like Google, IBM, Postman, and Epic Games. Together we discuss: • Tactical advice on pitch creation and testing • Real-life examples of companies transforming their narratives into successful sales strategies • How to combat customer inaction • How to become your prospect’s guide in their buying journey • The importance of differentiated value • Marketing’s role in the process • Why you should avoid FOMO as a sales strategy • Tips for handling objections — Brought to you by Composer—the AI-powered trading platform: https://www.composer.trade/?utm_source=lenny&utm_medium=podcast&utm_campaign=10-22-23 | Eppo—Run reliable, impactful experiments: https://www.geteppo.com/ | LinkedIn Ads—Reach professionals and drive results for your business: https://www.linkedin.com/podlenny — Find the transcript and references at: https://www.lennysnewsletter.com/p/a-step-by-step-guide-to-crafting — Where to find April Dunford: • Website: https://www.aprildunford.com/ • LinkedIn: https://www.linkedin.com/in/aprildunford/ • Newsletter: https://aprildunford.substack.com/ — Where to find Lenny: • Newsletter: https://www.lennysnewsletter.com • X: https://twitter.com/lennysan • LinkedIn: https://www.linkedin.com/in/lennyrachitsky/ — In this episode, we cover: (00:00) April’s background (03:46) Fixing poor positioning with storytelling at Help Scout (12:22) Pitch components: setup and differentiated value (14:13) Wrapping up the sales pitch (15:56) Handling objections effectively (19:13) Understanding buyer’s mindset and market perception (25:46) Avoiding FOMO as a sales strategy (29:28) Lenny’s stressful experience buying community forum software for Airbnb (31:04) Empowering champions within client businesses (34:36) Who this framework is useful for (36:38) Advice on working cross-functionally (38:59) Differentiated value defined with examples (44:16) Selling with calm confidence (46:19) Qualifying leads (48:31) April’s thoughts on category creation (53:05) Geoffrey Moore’s “bowling pin strategy” (55:21) Conclusion of the setup phase: sharing the perfect world (57:11) The follow-through: differentiated value with proof and objection refutation (1:00:21) Why sales pitches fail (1:01:30) Best practices for pitch testing (1:05:32) General timeline for positioning and pitch creation (1:06:50) Marketing’s role in the process (1:08:38) The impact of developing a killer sales pitch (1:10:39) Andy Raskin’s positioning framework (1:15:50) Lightning round — Production and marketing by https://penname.co/. For inquiries about sponsoring the podcast, email podcast@lennyrachitsky.com. — Lenny may be an investor in the companies discussed.
April Dunford discusses the alarming statistic that 40 to 60% of B2B purchase processes end in no decision. She explains that this often stems from potential buyers feeling unable to make a confident choice, leading them to delay decisions. Understanding this psychological barrier is crucial for sales professionals aiming to improve their pitch effectiveness.
"40 to 60% of B2B purchase processes end in no decision if you scratch on that data the majority of those aren't saying well I'm not making a decision to buy something new because the old thing we were..."
In this segment, Lenny introduces April Dunford, a leading authority on product positioning and author of the bestselling book 'Obviously Awesome.' April shares insights from her new book, 'Sales Pitch,' which draws on her extensive experience with major companies like Google and Epic Games, aiming to enhance listeners' pitching skills.
"make the decision to do today my guest is April Dunford April is the world's foremost authority on product positioning she's the author of the bestselling book obviously awesome which is my favorite b..."
April emphasizes the significance of crafting a compelling sales pitch that resonates with potential customers. She outlines her goal for the episode: to equip listeners with better skills for pitching and selling their products, making it essential for product leaders and founders.
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April shares her approach to transforming ineffective sales pitches into compelling narratives. She highlights the common issue of pitches focusing too much on product features rather than the value they deliver, setting the stage for a deeper discussion on effective storytelling in sales.
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April uses Help Scout as a case study to illustrate how effective positioning can enhance sales pitches. She explains how Help Scout, designed for digital businesses, approaches customer service as a growth driver rather than a cost center, contrasting it with traditional views in the industry.
"tools or trying to run your own experiments through a clunky marketing tool when I was at Airbnb one of the things that I loved most about working there was our experimentation platform where I was ab..."
In this segment, April outlines the structure of a compelling sales pitch. She emphasizes the need to start with market insights and the unique value proposition, rather than jumping straight into product features, to effectively engage potential customers.
"thing forever and it's and that was like a year ago it feels like a lifetime but it was about a year ago but what you've done with it is amazing right like the growth in it and everything else like it..."
April breaks down the setup phase of a sales pitch, which involves presenting insights about the market and establishing a shared understanding with the customer. This phase is crucial for aligning the customer's perspective with the seller's value proposition.
"for this conversation is for listeners to leave this podcast with better skills at pitching and selling their product which I think every product leader and founder will want to do and get better at h..."
April discusses the concept of differentiated value in sales pitches. She explains how to effectively communicate what sets a product apart from competitors, ensuring that potential customers understand the unique benefits of choosing their solution.
"and they weren't all that great and for the most part what the what was happening in the sales pitch is there was no positioning going on in the sales pitch at all the sales pitch was essentially a pr..."
In this segment, April emphasizes the importance of engaging the customer during the pitch. She suggests asking questions to gauge their understanding and agreement, which helps to create a more interactive and persuasive sales experience.
"let me give you an example and I'll do before and after what this would look like um so I work with these folks help Scout and so they're in the customer service space so think zenes or you know whate..."
April outlines the follow-through phase of a sales pitch, where the focus shifts to demonstrating the product's value. She stresses the importance of providing proof of claims made during the pitch, such as customer testimonials or case studies.
"you know they they don't care about any of that and and so they're all about driving the cost down so if we look at help Scout in their positioning the alternatives to help Scout are a handful of thin..."
April discusses strategies for handling objections that may arise during a sales pitch. She highlights the importance of addressing silent objections proactively to reassure potential customers and build trust.
"digital business comes in and they say hi we're helps coat let me show you how to log in let me show you all the features look there's a shared inbox thing there that's really great oh look you know w..."
In this final segment, April explains the importance of concluding a sales pitch with a clear 'ask.' Whether it's requesting a sale or proposing a follow-up meeting, making a specific request helps guide the customer towards the next steps in the buying process.
"here's how that pitch would look like customer comes in and help Scout says Hey digital business uh you know we work with a lot of companies like you and I'm going to show you the product but before w..."
April Dunford discusses how Help Scout transformed its approach to customer service by recognizing it as a growth driver for digital businesses rather than a cost center. She emphasizes the importance of understanding market insights and aligning customer perspectives with a 'perfect world' scenario where effective solutions meet specific needs.
"case Insight is hey customer service is just different for digital businesses and and this is really a growth driver not a cost center so we need to think about customer service in a different way tha..."
In this segment, April outlines the essential components of a successful sales pitch, including the introduction of the company, the value delivered, and the proof of effectiveness through case studies. She highlights the importance of addressing potential objections and concluding with a clear 'ask' to guide the customer towards the next steps.
"boxes this is getting the customer aligned with your worldview if they're aligned then we switch to the follow through the follow through has a handful of steps but the main step is this differentiate..."
April shares strategies for effectively handling objections that may arise during a sales pitch. She explains the significance of addressing silent objections and ensuring that the conversation remains collaborative, allowing the customer to express their concerns and align on solutions.
"haven't come up during the call so sometimes we'll have a silent objection like yeah that sounds really good but it sounds really hard to adopt or yeah that sounds really good but it's probably pretty..."
Dunford emphasizes the role of discovery in the sales process, advocating for a conversational approach that engages the client. She discusses how understanding the client's current situation and needs can lead to a more effective sales pitch and better alignment between the product and the customer's requirements.
"askk cool I wanted to actually talk about objections because I imagine going through this companies often don't agree with what you're saying and I wonder how you handle that so you're going in this l..."
April explores the concept of buyer indecision and how it affects the sales process. She explains that many buyers feel overwhelmed and uncertain, leading to delays in decision-making. By addressing these concerns and providing clarity, salespeople can help buyers feel more confident in their choices.
"doesn't agree with that so like in the case of help Scout they come in and they say no actually it's a cost center for us like we're just trying to get the cost down they should disqualify that deal b..."
In this segment, April discusses the importance of educating customers about the buying process. She highlights that many buyers lack a clear understanding of the market and the options available to them. By providing insights and guidance, salespeople can empower customers to make informed decisions.
"that is that part of what we're doing in that setup is what salese would call Discovery and so that setup part should not be me talking at you like it should be a conversation between me and the clien..."
April addresses the stress associated with purchasing software, noting that buyers often fear making the wrong choice. She explains that this fear can lead to indecision and delays, emphasizing the need for salespeople to alleviate this pressure by offering support and clear options.
"good Prospect for us yep we can do something yep they got a problem we can solve this all looks good or we kind of jointly come to the conclusion hey this just our stuff just ain't for you man and tha..."
Dunford discusses the high percentage of B2B purchase processes that end in no decision. She explains that many buyers struggle to make confident choices due to the overwhelming amount of information available. Salespeople must focus on helping buyers navigate their options to encourage action.
"this stuff that I I think we don't think about enough as software vendors is that you know customers will come to us and they've done their homework right they've they've Googled around and they've lo..."
April critiques the use of FOMO (fear of missing out) as a sales strategy, explaining that it can exacerbate buyer indecision. Instead, she advocates for providing buyers with the tools and knowledge they need to make informed decisions without added pressure.
"what's a good solution for me look like what should be my purchase criteria like that's really hard for buyers to figure out and in general in a sales process we're not doing anything to help the buye..."
In this segment, April emphasizes the importance of guiding buyers through the decision-making process. She suggests breaking down larger decisions into manageable steps and offering guarantees to reduce perceived risks, ultimately helping buyers feel more secure in their choices.
"get are these buyers come in they're overwhelmed with all this information they come in and they they sit in our sales process and we overwhelm them even more with more features and more information a..."
April discusses the psychological burden that buyers face when making purchasing decisions. She highlights the fear of making a mistake and the potential consequences, urging salespeople to understand this mindset and provide reassurance throughout the sales process.
"know what now's not a good time let's not do it now let's do it next year we just we just just delay it because that is the safe risk-free thing for that person who's on the hook to make the decision ..."
Dunford concludes by discussing strategies for creating a supportive environment for buyers. She emphasizes the need for salespeople to provide clear market insights and help buyers understand their options, ultimately reducing stress and facilitating better decision-making.
"is 80% of the way through their buying journey by the time they talk to your sales rep yeah maybe but they might be 80% of the way to saying nope I'm not buying nothing and in fact that's true 60% of ..."
April Dunford discusses the detrimental effects of using FOMO (Fear of Missing Out) as a sales strategy. She explains that instead of pressuring customers, salespeople should empower them by providing tools and guidance to make informed decisions. This approach reduces stress and helps customers feel more confident in their choices.
"worse so they are less likely to close the deal if you throw that in and the the idea is that they're already stressed out and you're just putting more stress on them by pressuring them by saying oh t..."
In this segment, April emphasizes the importance of teaching customers how to navigate the buying process. By breaking down the decision-making steps and addressing specific concerns, salespeople can alleviate customer anxiety and facilitate smoother transactions. This method helps customers feel supported and informed.
"teaching a customer how to buy is one way to take that stress down and then there's a whole bunch of other techniques you can use so one is you know you could if it's a really big deal we can split it..."
April highlights the dual role of the champion in a sales deal: convincing their team while also ensuring they don't jeopardize their own position. She explains how sales pitches must address the champion's concerns about making a safe decision, which often involves navigating complex organizational dynamics.
"like normally when we come at this we're like well how can we convince the customer that we do the job that they need to have done and obviously we need to do that but there is this kind of secondary ..."
This segment focuses on the challenges faced by challengers in the market. April discusses how customers often default to market leaders due to perceived safety, making it crucial for challengers to overcome inertia and present compelling reasons to switch. She reflects on the ease of choosing established brands like Salesforce.
"it integrates with Salesforce and like you start with I just one of the best community form software because we're trying to build something really different and unique and you end up with like okay i..."
April explains the complexities of the B2B buying process, which often involves multiple stakeholders. She stresses the importance of tailoring sales pitches to resonate with the champion while also preparing them to address objections from other decision-makers. This strategic approach is essential for closing deals.
"don't know what happens the other thing you bring up is I think an interesting thing to think about too that really messes people up in these situations is that in B2B typical purchase process we have..."
In this segment, April discusses how to empower the champion with the necessary tools to handle objections from other stakeholders. She emphasizes the importance of anticipating concerns and providing solutions, which helps the champion advocate effectively for the product within their organization.
"even get to talk to anybody else like you don't even get to go near anybody else we don't make it on the short list and you don't get to deal cooking but once the deal is cooking it is on you to arm t..."
April advocates for collaboration between product, marketing, and sales teams to define differentiated value. By working together, these teams can create a cohesive sales pitch that reflects the product's unique advantages and addresses common objections, ultimately leading to more successful sales outcomes.
"deal moving forward how do you actually do that is it ask them what are all the concerns you're hearing is it ask the individual stakeholders what are your B concern if we're really smart we already k..."
April dives into the concept of differentiated value, explaining how it answers the critical question of why customers should choose one product over another. She outlines the process of identifying competitive alternatives and articulating unique features that provide real value to customers.
"for this to be useful because smaller companies don't have all these reps and they may not have the resources to do all these things you're describing who is this framework useful for can you use this..."
In this segment, April emphasizes the need for cross-functional collaboration in defining a product's positioning. By bringing together insights from product, marketing, and sales teams, companies can create a compelling narrative that resonates with customers and effectively communicates their differentiated value.
"excited by and so I don't necessarily need you know a research team to go figure this out this is just me trying to be helpful and help the champion do their job of getting this deal to the finish lin..."
April Dunford explains the importance of identifying and articulating differentiated value in a sales pitch. She emphasizes that understanding what makes your product unique is crucial for demonstrating its value to potential customers. Using the example of LevelJump, she illustrates how integration with Salesforce enhances their sales enablement capabilities, ultimately leading to increased revenue.
"question if you have a sales team they know the answer of this question like you know what would a customer do if we didn't exist they know and then we get to the next step is well so what do we have ..."
In this segment, April discusses how insights derived from differentiated value can inform a sales pitch. She highlights the significance of understanding the buyer's mindset and market perception, and how this knowledge can help sales teams effectively communicate the value of their offerings. April also emphasizes the need for honesty about competition and the importance of guiding prospects in their buying journey.
"pitch I can translate that into my insight my insight is every day your rep's not making quota cost you money so if we really want to solve sales enablement don't we really want to have something wher..."
April Dunford shares her perspective on maintaining calm confidence during sales interactions. She advises sales professionals to be honest about their product's fit for the customer and to walk away from opportunities that aren't a good match. This approach fosters trust and positions the salesperson as a guide, helping prospects navigate their buying decisions.
"trying to come in and actually give credit where credit is due with the other approaches because typically the other approaches work just fine for other kinds of companies like if you're really small ..."
In this segment, April challenges the notion that creating a new category is the only path to building a successful business. She argues that many legendary companies did not create their categories but instead found success by dominating existing markets. April discusses the importance of understanding market dynamics and how companies can leverage existing categories to gain traction before considering category creation.
"measurement tools built specifically for B2B in Tech LinkedIn generated a 2 to 5x higher return on ad spend than any other social media platforms audiences on LinkedIn have two times the buying power ..."
April Dunford introduces the 'bowling pin strategy' as a method for market penetration. She explains how companies can start by targeting underserved segments of the market, gradually expanding their reach as they gain traction. This strategy allows businesses to establish a foothold before challenging larger competitors, illustrating a practical approach to growth and market dominance.
"overtaken by fast followers so if we look at the CRM Market SEO was the big dominant player there and now they're not so now we've got Salesforce once you're the dominant player in that market a cool ..."
In the conclusion of the setup phase of a sales pitch, April discusses the importance of articulating the characteristics of a perfect solution. She emphasizes aligning with the customer's needs and expectations, using Help Scout as an example to illustrate how to effectively communicate the value proposition and ensure customer success.
"at this company we were we thought we were enterprise software we narrowed it down to CRM for investment Banks and so we literally Drew bowling pins for our investor and said lead pin is CRM for inves..."
April outlines the follow-through phase of a sales pitch, focusing on differentiated value. She explains how to introduce the product, demonstrate its unique benefits, and provide proof of its effectiveness, ensuring that the customer understands the value proposition before addressing any objections.
"the universe so it's where I say okay we've had our little discussion about the pros and cons of the other Alternatives and we say so look so are you with me man like can we all agree that a really go..."
April shares her approach to testing and optimizing sales pitches, emphasizing the need for sales team involvement in the process. She discusses the importance of training top sales reps on new pitches, gathering feedback, and iterating based on real prospect interactions to ensure effectiveness.
"would be on a beach drinking out of a coconut oh man let's let's make it happen um okay so that's the setup what do you call the second part again uh the it's it's the follow through which is really f..."
In this segment, April highlights the immediate impact of a well-crafted sales pitch on sales performance. She shares success stories from companies that have seen significant increases in deal conversions after refining their pitches, illustrating the tangible benefits of investing time in positioning and messaging.
"in testing that are really important so one is we absolutely need sales involved in building the pitch if we don't have sales involved in building the pitch the pitch is never going to stick like the ..."
April discusses the critical role of marketing in the positioning process, explaining how marketing teams can help maintain the integrity of the sales pitch. She emphasizes collaboration between sales and marketing to ensure that the positioning remains consistent and effective over time.
"through the pipeline because these customer are understanding your value better understanding why to pick you better it's just easy low hanging fruit to do when it when the economy is bad to give peop..."
April concludes by discussing how to measure the success of new sales pitches. She shares insights on tracking improvements in sales metrics and the importance of adapting to customer feedback, reinforcing the idea that a strong pitch can lead to increased opportunities and revenue.
"that's G to be just a couple more questions one is to motivate people to do this what kind of impact have you seen at companies that invest this time and rethink the way they pitch well so you know pe..."
April elaborates on the concept of tightening up sales pitches rather than completely overhauling them. She points out that many pitches are poorly constructed, and even minor improvements can lead to substantial increases in sales effectiveness. This segment underscores the importance of clarity and precision in sales messaging.
"going I think that's not unusual I worked at a company where we did it in-house we we where I was the VP marketing and we within two quarters had doubled the revenue just by tightening up the pitch ju..."
April critiques a common sales pitch framework that lacks the concept of differentiated value. She argues that simply being 'new' is not enough to persuade customers, who often seek specific advantages over existing solutions. This segment emphasizes the need for sales pitches to articulate unique value propositions.
"impact on how much stuff survives down the pipe and again if folks want to go deep into the positioning step your first book obviously awesome is a great guide and our first podcast episode goes throu..."
In this segment, April discusses the drawbacks of starting sales pitches with industry trends. She explains that trends are often not unique to a company and can be leveraged by competitors. This highlights the importance of crafting a pitch that focuses on unique insights rather than generic trends.
"so the thing the thing with that framework is I do think it works in certain conditions but but again I think the conditions might be kind of edgy so there there's a couple of things that I think are ..."
April contrasts the structure of sales pitches with investor pitches, noting that sales pitches must focus on immediate value rather than long-term trends. She emphasizes that sales pitches should address current customer needs and avoid creating reasons for indecision. This segment provides valuable insights into effective sales communication.
"that's the first thing the second thing is you know this idea of starting with a trend on the surface it looks kind of good but the problem is it often the trend is not unique to you so everybody else..."
April encourages marketers to experiment with various sales frameworks rather than adhering strictly to one method. She stresses that different approaches may work better in different contexts, and flexibility is key to finding what resonates with customers. This segment promotes a mindset of adaptability in sales strategies.
"unique to you and ideally what we want is something that we can say that none of our competitors can and typically you know a trend is something outside of our control it's out in the world and everyb..."
In this lightning round segment, April shares her favorite books on sales and marketing, including Matt Dixon's 'The Jolt Effect' and the classic 'Positioning: The Battle for Your Mind' by Ries and Trout. She highlights the importance of these resources for anyone looking to deepen their understanding of effective positioning and sales strategies.
"anything like there's lots of ways to do everything and so I think people should mess around with stuff and for any of these Frameworks I think they should look at it and and see if it works for them ..."
April Dunford shares her newfound passion for fountain pens, particularly the Lamie Allstar. She describes the unique writing experience they offer compared to traditional ballpoint pens, emphasizing the beauty and craftsmanship of these low-tech tools. This segment highlights the joy of rediscovering simple pleasures in a tech-driven world.
"shoes but it was good I got the job that is an excellent segue to our next question which is is there a favorite product you've recently discovered that you really like right now I'm kind of into like..."
April discusses her life motto, 'nothing's a big deal,' reflecting on how this perspective helps her navigate both positive and negative experiences. She emphasizes the importance of maintaining a chill attitude and how this mindset can lead to a more balanced life. This segment resonates with listeners seeking to manage stress and expectations.
"start you Google it these are beautiful pens and then if you haven't written with a fountain pen it's it takes a minute to get used to it but then it's like gosh it just feels great like you'll never ..."
April shares valuable lessons learned from her father's entrepreneurial journey, highlighting the importance of perseverance through highs and lows. She reflects on how growing up in a business-oriented environment shaped her understanding of resilience and the grind required for success. This segment offers insights into the mindset needed for entrepreneurship.
"everything's cool that super resonates and as much as you say that to yourself it's still hard to convince yourself of that sometimes right but that is a really good motto I'm going to steal that myse..."
April reveals her love for Paris, describing the city's unique vibe and her personal experiences there. She shares her favorite spots and the joy she finds in the culture, food, and ambiance. This segment captures the essence of travel as a source of inspiration and creativity, appealing to those who cherish cultural experiences.
"over here like nothing's a big deal it's clear where all that comes from now yeah final question you do a lot of traveling you do a lot of speaking you go to a bunch of cities I'm curious just what is..."
April discusses her current philosophical phase focused on being useful to others. She reflects on the importance of sharing knowledge and experiences, particularly through her writing and speaking engagements. This segment emphasizes the value of contributing positively to others' lives and the fulfillment that comes from helping others succeed.
"French people oh man sounds dreamy Paris I see how that could be a favorite April we I think we accomplished everything we were hoping to accomplish I think everyone that has listened to this podcast ..."