Everything April Dunford said on any show that made the record, most notable first. Each card names its show and opens the statement there.
Dunford: Most legendary businesses did not create their categories
“Obviously creating a category is not the only way to create a legendary business because the vast majority of legendary businesses did not create the categories that they're in. So Google did not create search. Facebook did not create social network. Like, I m…”
Dunford: Most category creators are overtaken by fast followers
“In fact, most category creators lose the market. Like what happened to MySpace? What happened to Ask Jeeves? It didn't work out so good for them. Most category creators actually get overtaken by fast followers.”
Dunford: Fabricating new categories confuses buyers and leads to commercial failure
“So I've seen a lot of companies have come to me that have attempted to do category creation or pretend that they're doing this new category of things, and then it's Been a disaster. Customers are just very confused. They don't understand why this is different …”
Dunford: Future trend pitches suit VCs but cause enterprise buyers to delay
“I think that structure, it looks a lot like the structure we use in a VC pitch or an investor pitch, because we're talking about much longer timelines and we can say, look, the world is really changing and 10 years from now, there's going to be chaos and destr…”
Dunford: Half of dental procedures fail due to terrible equipment
“Half the stuff that a dentist does in your mouth is very likely to fail because the equipment is terrible and the way they actually do things like cure fillings is actually really terrible.”
Dunford: Marketing personas are a waste of time except for the champion
“I think there's really only one persona that really, really matters in this. Which is the champion in the account, and we should be very thoughtful, and we should really have our arms around that persona. And then, later in the deal cycle, we need to figure ou…”
Dunford: Product positioning fails without cross-functional alignment across executives
“But I don't think that marketing should be able to change positioning or look at positioning or do it on their own. They could try, but it won't stick because sales won't believe in it. CEO won't believe in it. What we actually need is a cross-functional team …”
Dunford: The hero's journey framework fails for B2B sales storytelling
“The problem with that storytelling arc is there's kind of no competitor in there, and if we think about what a buyer is actually trying to figure out is, why pick you over the other guys? A hero's journey doesn't really give us an arc To do that.”
Dunford: Postman was the first company to conceptualize an API platform
“Postman does essentially a platform for developing APIs. This is a new concept. Nobody had this idea of a platform for APIs before Postman came up with it.”
Dunford: Market category selection sets automatic customer assumptions about products
“That market category has set off a set of assumptions in the customer's mind about that product. If I do this well, it sets off a set of assumptions about that product that are true, and that's great. Now I've saved marketing and sales a whole lot of time, ene…”
Dunford: Up to 70% of B2B software deals end in no decision
“The thing we have in B to B that's actually a real problem is it's so scary to purchase something in B to B that 50 to 70% of the time a deal that gets started actually ends in no decision.”
Dunford: Customer discovery is highly unreliable because prospective buyers frequently lie
“Even if you do do customer discovery, it's really hard. It's really difficult. Customers will sometimes tell you things that aren't true or they'll say, yes, yes, we would buy that, and we would buy it for this much, but by the time you've actually built the t…”
Dunford: Dumbing down B2B product messaging for general audiences is a mistake
“Some people will say, well, we need to dumb this down and we need to have it so that anybody understands it. I super disagree with that in B to B. If I'm selling a specialized thing to specialized buyers, it just needs to resonate with them. It's okay if it do…”
Dunford: Marketing cannot own positioning alone without cross-functional alignment
“I don't think that marketing should be able to change positioning or look at positioning or do it on their own. They could try, but it won't stick because sales won't believe in it. The CEO won't believe in it. What we actually need is a cross-functional team …”
Dunford: The 'Hero's Journey' framework is useless for B2B sales storytelling
“The problem with that storytelling arc is there's kind of no competitor in there, and if we think about what a buyer is actually trying to figure out is, why pick you over the other guys? A hero's journey doesn't really give us an arc To do that.”
Dunford: Systems integrators like Deloitte will not recommend products without financial compensation
“In which case, maybe I need a partnership with Deloitte because they're not going to recommend my stuff if they don't get some kind of money off of that.”
Dunford: Believing tech companies cannot differentiate on product is nonsense
“And often you'll get these marketers say, look, can we really differentiate on product? Because people can just copy our product. Eventually everyone will just catch up to us, and all the products will be exactly the same. And if you're in tech, that is nonsen…”
Dunford: Indecision is by far the biggest competitor in B2B sales
“This is the most fearsome competitor we have in B to B by far is no decision.”
Dunford: Sales teams should disqualify prospects who reject their core worldview
“And so if you've got a point of view on the world, And you're talking to a customer that just fundamentally doesn't agree with that. So like in the case of a help scout, they come in and they say, no, actually it's a cost center for us. Like we're just trying …”
Dunford: B2B deals fail from buyer fear of mistakes, not FOMO
“We still lose deals to status quo, but we lose an awful lot of deals to just plain customer indecision, customers being more afraid of screwing up than missing out.”
Dunford: Data shows FOMO tactics reduce close rates with indecisive buyers
“What his data showed is if a customer is indecisive, throwing FOMO into the mix makes it worse. So they are less likely to close the deal if you throw that in.”
Dunford: Pitch value to the champion, then arm them for stakeholder objections
“Your positioning and your pitch needs to really work for the champion. Because if it doesn't, you don't 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 the deal cooking. Bu…”
Dunford: A pitch is won when buyers agree on ideal criteria
“And so if they're right with you on this definition of the perfect world, they're not, then I've got you. Like I've already won the deal and I haven't even talked about us yet because the way I've set it up, I'm the only one that can deliver that.”
Dunford: Trend-based sales pitches fail because competitors also offer new solutions
“In that pitch, it assumes that new is inherently valuable, and old is inherently bad. And sometimes that's true... But most of the time we don't have that. Like most of the time, there's multiple new ways of doing something, and you just can't say, well, I'm t…”