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Framework
MEDDICC
M
etric
Quantitative measures that shows impact on company’s performance
What is the economic impact of our solution in their business?
E
conomic Buyer
Person/group with final authority to say yes or no to the money
D
ecision Criteria
The things the client care about the most, plus other requirements
The formal criteria used to compare vendor’s offerings: capabilities, vendor info, and financial hurdle rates.
D
ecision Process
The process used to select and purchase a vendor’s offering
Expected internal journey and timeline
I
dentify Pain
The “Need to Solve” for a client and client’s top leadership
What is the pain? The link to business consequences (KPI’s) and compelling event? Define the cost of doing nothing.
Can we clearly articulate the pain of this opportunity and why “doing nothing” is not an option.
C
hampion
The key player who has the power and influence in driving the opportunity and who sells on your behalf
C
ompetitors
Who are we up against?
What are our strengths?
What are our weaknesses?
How can we position Trap Setting Questions
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