MEDDPICC is a sales qualification framework designed to identify and qualify potential customers. Here are 9 questions you can use for each stage:
1. Metrics
- What are the key metrics or KPIs that measure the success of your [department/function]?
- How do you currently track and report on these metrics?
- What are your goals for improving these metrics in the next [timeframe]?
- How do you prioritise initiatives based on their potential impact on these metrics?
- Are there any specific challenges or obstacles you face in achieving these metrics?
- What are the consequences of not meeting these metrics?
- How do you measure the ROI of your current investments in [technology/solutions]?
- Are there any specific areas where you feel your current solutions are falling short?
- What are your expectations for a solution that can help you achieve your metrics goals?
2. Economic Buyer
- Who is the ultimate decision-maker for purchases in your organisation?
- What is their role and responsibilities within the company?
- What are their priorities and goals?
- How can I best reach out to them and build a relationship?
- What are their concerns or objections to purchasing a new solution?
- What are their criteria for evaluating potential solutions?
- How do they typically make purchasing decisions?
- What is their budget for this project?
- What is the timeline for making a decision?
3. Decision Process
- What is the typical decision-making process for purchases like this in your organization?
- Who are the key stakeholders involved in the decision?
- What are their roles and responsibilities?
- How do they influence the decision-making process?
- What are the potential risks or challenges associated with this decision?
- How will the decision be evaluated and measured?
- What are the potential consequences of making the wrong decision?
- What is the timeline for making a decision?
- Is there a formal approval process in place?
4. Decision Criteria
- What are the most important criteria for evaluating potential solutions?
- How do you weigh these criteria against each other?
- Are there any must-have features or requirements?
- Are there any deal-breakers that could prevent you from moving forward with a solution?
- How do you measure the value of a solution?
- What is your preferred return on investment (ROI)?
- How do you handle vendor selection and evaluation?
- What is your preferred contract length and terms?
- What is your preferred implementation timeline?
5. Process
- What is the typical buying process in your organisation?
- How long does the buying cycle typically take?
- Who are the key stakeholders involved in the buying process?
- What are the decision-making criteria?
- What are the potential objections or challenges that may arise during the buying process?
- How do you handle objections and concerns?
- What is your preferred communication method?
- How do you prefer to be contacted?
- What is your availability for meetings and calls?
6. Implicate (Pain)
- What are the biggest challenges or pain points you face in [department/function]?
- How do these challenges impact your business or operations?
- What are the consequences of not addressing these challenges?
- Have you tried to address these challenges in the past? If so, what were the results?
- What are your goals for solving these problems?
- What are your expectations for a solution that can address these challenges?
- How do you measure the impact of a solution on these pain points?
- What are the potential risks or drawbacks associated with implementing a new solution?
- How do you prioritise addressing these pain points?
7. Champion
- Who is the primary point of contact within your organisation?
- What is their role and responsibilities?
- How influential are they within the decision-making process?
- Are they committed to solving the problem?
- Do they have the authority to make a purchase decision?
- Do they have the budget to support the purchase?
- Are they willing to advocate for the solution to other stakeholders?
- Do they have a good understanding of the solution and its benefits?
- Are they willing to participate in the implementation process?
8. Competition
- Who are your current competitors in the market?
- What are their strengths and weaknesses?
- What solutions are they offering?
- How do you compare to your competitors?
- What are your competitive advantages?
- What are your competitive disadvantages?
- How do you differentiate yourself from your competitors?
- What are your customers' perceptions of your competitors?
- How do you plan to address your competitive challenges?
Now that is a lot to take in and work with. What do you think? For a free Excel template workbook, please DM me