An Introduction to the Straight Line | Free Sales Training Program | Sales School w/ Jordan Belfort | Summary and Q&A

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October 5, 2020
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The Wolf of Wall Street
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An Introduction to the Straight Line | Free Sales Training Program | Sales School w/ Jordan Belfort

TL;DR

Learn the three core elements and the five total elements necessary for closing any sales and how to stay in control of the sales process.

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Key Insights

  • 💼 Key Insight 1: Smart companies run on Netsuite by Oracle, the world's number one cloud-based business system, providing a competitive advantage in the new economy.
  • 💰 Key Insight 2: Regardless of the product, there are three core elements that must line up in the prospect's mind for a successful sale, with two additional elements that can make or break the deal.
  • 🔒 Key Insight 3: Human beings are like supercomputers, with their brains acting as the smartest computers imaginable. Just as a safe cracker needs to align all the numbers, salespeople must align the necessary elements for a successful sale.
  • 💡 Key Insight 4: The ideal sales scenario is a perfect lay down sale, where the prospect is already pre-closed and ready to make a purchase without objections or concerns.
  • 🏛️ Key Insight 5: Controlling the sales process is crucial for success, staying within the boundaries of the "straight line" rather than veering off track.
  • 🛠️ Key Insight 6: Once control is established, salespeople can follow a specific pathway, leading the prospect through questions, presentations, and the elimination of pain points.
  • 👥 Key Insight 7: Sales is goal-oriented communication, distinct from casual conversations with friends and loved ones. Understanding the rules and following the "straight line" blueprint is essential for closing deals.
  • 📖 Key Insight 8: Mastering the straight line technique is the key to successful sales, starting from the very beginning of the encounter.

Transcript

i'm jordan belfort and this is sales school all right here's the deals america gets back to work you want and need every possible advantage out there succeeding the new economy smart companies run on netsuite by oracle the world's number one cloud-based business system so receive your free guide right now at netsuite.com school every sale is the sa... Read More

Questions & Answers

Q: What are the three core elements required for closing a sale?

The three core elements necessary for closing a sale are ensuring that the prospect's mind is aligned with the product or service being sold, regardless of the specifics of the sale or the method used.

Q: Why is maintaining control of the sales process important?

Maintaining control of the sales process allows the salesperson to stay within the boundaries of effective communication and focus on addressing the prospect's needs, rather than veering off-track and discussing unrelated topics.

Q: What are the two additional elements required for a successful close?

Beyond the three core elements, two additional elements are necessary for a successful close, as even with the first three elements aligned, there may still be objections or concerns that need to be addressed.

Q: How does the "straight line" method help in closing sales?

The "straight line" method provides a playbook or blueprint for salespeople to follow in order to maintain control of the sales process and effectively communicate their message, leading to a higher likelihood of closing the sale.

Summary & Key Takeaways

  • Every sale, regardless of the product or method, relies on three core elements lining up in the prospect's mind.

  • Two additional elements are required for a successful close, even if the first three elements are aligned.

  • Maintaining control of the sales process is crucial to staying within the boundaries of effective communication and achieving the desired outcome.

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