STRATFOR Representative = Blue

Draft 2-2-2011

STRATFOR Representative = blue

Caller = italics

1. Answer Phone:

Thank you for calling STRATFOR. I see you are interested in our new Professional Products. Are you interested in our Mexico or China product, or both?

Launching into this already creates a sales psychology. The first thing that should be said/asked is stating STRATFOR and our name and how can I help them. “ STRATFOR this is Solomon, how can I be of assistance? “ Being that they are calling the pro-line we already know they are interested or have questions. Letting them direct the conversation makes them feel more comfortable and in charge.

GATHERING PERSONAL INFO

2. Product offerings.

Ok great, in order for me to best help you, I need to know a bit more about you. [Collect name, contact information (phone number and email), company affiliation and title.] Thank you very much. Are you familiar with the work we do at STRATFOR?

The first question will allow them to say their first name. From there we can say, “so are you familiar with STRATFOR’s products or did you have a particular focus on Chinese or Mexican markets?”

a.  No/A little:

STRATFOR is an online publisher of unbiased global intelligence and analysis. We provide actionable intelligence about what is happening in a region, and then we provide analysis about what regional developments mean and what the future is likely to bring. Would this type of intelligence and analysis help you run your business?

Unfortunately all of this is marketing speak and not conversational. From here I wonder what actionable intelligence is; Is it going to tell me what I need to do? Pull out assets or invest in a particular company?

“STRATFOR provides members with a daily distribution of analysis that provides context and perspective of geopolitical actors and regional dynamics. Our specialty is making the inherently complex more understandable.” While it has some fluff in it, the first sentence tells them what to expect…this seed then grows to me telling you, I’ll help you make sense of all the complexities and whatnot.

b.  Yes, very familiar with STRATFOR. [Skip to #3.]

Tell me about your company and its needs in [China][Mexico]? Listen, listen, listen. Try to determine whether the potential customer has physical investments or personnel at risk, and identify and record precisely where the locations involved are. It may well be that the potential customer is a financial institution with an interest based on investment decision making or investment protection. Listen, listen, listen.

This is a repeat from beginning: The first question will allow them to say their first name. From there we can say, “so are you familiar with STRATFOR’s products or did you have a particular focus on Chinese or Mexican markets?”

This allows them to tell their story. I agree if they start talking, write it out and get an idea of really what they are trying to accomplish by subscribing to STRATFOR.

3. Respond to the specifics of the potential customer’s situation.

a.  Does the potential customer have physical investments or personnel at risk?

STRATFOR Professional Mexico/China provides daily intelligence updates on ongoing critical issues as well as contextual analysis to help you anticipate security risks and other threats in-country. You will be able to protect your people and your investments much more effectively with Stratfor on your side.

Protection of people is a tall order. I may be mistaken on this, but our feeds list what is going on and our analysis/educated opinion. From what I have seen, we don’t actually provide them with recommendations for action.

“Our service on (China/Mexico) provides consistent and up to date information on ongoing critical issues as well as contextual analysis to help anticipate unforeseen risks. These may be potential threats to person security or financial assets. Our goal is to provide you with the relevant information on country-level dynamics and stability.”

b.  Is the potential customer a financial institution?

STRATFOR Professional coverage of Mexico/China is a great way to monitor the stability of these two key countries if you require country-level information and contextual analysis of ongoing threats to stability. Staying on top of geopolitical risk is Stratfor’s sweet spot that you can benefit from in maximizing your investments.

They might say both or they may not know what they want the line above and below answers both.

“Our service on (China/Mexico) provides consistent and up to date information on ongoing critical issues as well as contextual analysis to help anticipate unforeseen risks. These may be potential threats to person security or financial assets. Our goal is to provide you with the relevant information on country-level dynamics and stability.”

5. We are so convinced that STRATFOR professional can meet your needs that we offer a money back guarantee. We believe that we provide information you can’t afford not to have.

I have never liked saying money back guarantee. I’m not trying to sell a toaster or something at Best Buy. Being convinced they will like something is what late night infomercials do. In addition to there hasn’t been any mention of $ yet. Me launching into this put the other end of the line on the defensive.

“The real meat of what STRATFOR does is better seen yourself. What I’d like to do is set you up with a trial for you and your organization. This way you’ll be able to really dive into our content.

a.  Great! I’ll buy it. [Skip to pricing/trial discussion]

b.  Hmmm maybe, but I have a few more questions. [Move on to questions below]

QUESTIONS

·  What else do I get? What do I get with STRATFOR Professional that I don’t get with a regular STRATFOR subscription?

In addition to exclusive analytic articles and intel updates as events develop, you will receive weekly reports on the major political, security and economic trends affecting Mexico/China.

As well as a 30-day country report.

·  What do I get with STRATFOR and STRATFOR Professional that I wouldn’t get by watching the news, or subscribing to other news sources for these countries?

STRATFOR has a non-partisan, unbiased approach that delivers a clear, to-the-point analysis of what is behind events, and what the future might bring. STRATFOR also has access to actionable intelligence through its unique sources that you won’t find elsewhere. And finally, STRATFOR’s focus on the key issues affecting stability and investments in China, Mexico and the globe keep it focused on the things that matter.

STRATFOR’s unique approached delivers detailed analyses and forecasts provides you the ability think ahead and see trends, cycles and discontinuity before it emerges. Allowing you to take proactive steps for effective and efficient operations rather than reactive efforts.

·  I have a facility in X location in China/Mexico. How much coverage do you provide of that location?

Since STRATFOR Professional takes a granular-level approach to analyzing and reporting information throughout Mexico/China, any major political, economic or security affecting X would be reported. Additionally, if you need an in-depth report or continuous, specific monitoring with access to our briefing services, that is

something we offer. [If they say yes, divert to Custom Report/GV conversation]

Sounds good.

6. PRICING/TRIALS

It sounds like STRATFOR Professional is something that could meet your goals of protecting your investment/carefully tracking stability shifts in China/Mexico. Are you interested in purchasing a subscription for your organization?

This is a high assumption. Saying something more like “I’d like to go ahead and set you up with a trial.” This will prevent the awkwardness they feel if they say no and if they are only partially interested or know it sounds expensive you have a potential cheerleader. In terms of customer service it takes the pressure off them.

I love it, but what is the price?

Our price is $6,500, which entitles five employees of your organization to have full access to one Stratfor Professional country product for one year. A second Stratfor Professional country product for one year for five employees is only $3,500. And since we are just introducing these new products, we have a special introductory price of $2,999 for the first product for one year, and $1,999 for the second product for a year. For the depth and breadth of the coverage we offer, this in an incredible offer.

If the potential customer wants to discuss broader participation within his organization, refer to the following pricing schedule:

From our conversation it seems easier to just sell this thing as the new enterprise package. If they go…”do you have anything cheaper?” We can say we do and reduce the pro-offerings and have the regular enterprise service.

List pricing:

·  1st Country: $6,500/yr for 5 seats

·  2nd Country: $3,500/yr for 5 seats

·  Each additional 5 seats: $1,500 for 1st product (works out to $300 per seat), $750 for 2nd product (works out to $150 per seat)

·  For 25 seats, works out to $12,500 or $500 per seat for 1st product, $6,500 or $260 per seat for 2nd product

·  Over 25 seats, $100 per seat per product

·  For 100 seats, works out to $20,000 or $200 per seat for 1st product, and $14,000 or $140 a seat for 2nd product

Special Introductory Pricing:

·  1st Country: $2,999/yr for 5 seats

·  2nd Country: $1,999/yr for 5 seats

·  Same pricing on additional seats

·  For 25 seats, works out to $8,999 or $360 per seat for 1st product, and $4,999 or $200 per seat for 2nd product

·  For 100 seats, works out to $14,699 or $147 per seat for 1st product, and $12,499 or $125 per seat for 2nd product

I like the idea, but I would like to test it out.

Absolutely, we’ll sign you up for a subscription and send you an invoice payable within 30 days. If you find that our service does not meet your needs, simply return the invoice marked cancelled within 30 days and we will cancel your service with no obligation on your part.

This would require additional data input into Salesforce as leads, which may be false positives, in addition invoices are created by Finance and put into Quickbooks. This would lead additional manpower on support.

I’m not sure I have enough information to make a decision. Do you have materials that I could examine before I decide?

Not a problem. We will send you informational materials and a sample of our unique intelligence and analysis reports. We would like to follow up with you in a week to discuss your reaction to the product – is there a time that would work for us to call?

Agree and seems easy enough. I’d like these materials you speak of, or are they the things Hooper sent us?

I don’t think your product is what I am looking for.

I understand. Perhaps it would help you to try our product to see whether it might be helpful to you in managing your business. I would be glad to arrange for a no obligation seven day trial. Would that be of interest to you?

7. The Closing

The goal of the entire exercise is to close the sale. We are not going to require a customer signature in order to close a sale. All we will require is the name and address of the corporate client, the name, address, phone number, fax number, and email address of the contact person at the customer, and the names and email address of the 5 (or more) persons who will be on the subscription. We will then send the contact person an invoice for the amount due. It will probably be necessary for the contact person to send you an email with the names and email addresses of the persons who will be on the subscription in order for customer service to activate the subscription. It is also highly likely that more than one phone conversation will be necessary in order to close the sale. If the sale doesn’t close on the first phone conversation, be sure to let the potential customer know that you will be calling him/her back, and try to find a mutually convenient time to do so. And don’t be hesitant to offer the free seven day trial if you see the sale slipping away. We want to do everything possible to keep the customer engaged.

I think the goal while it should be to make a sale is to provide the person with the most information. My experience is the people who are asking are not typically the decision makers, rather the go fors requested to get additional info. If someone can drop $6,500 over the phone without seeing the product they should be treated as if though they are a member of a high society yacht club and not engaged in an obvious sales call. We had done something similar with GV when it was first rolled out, cold calling from our subscriber list.

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