6:42How To Close Your First 1000 Customers | Startup Sales 101
From My First Million · Published Jul 5, 2023 · Watch on YouTube
TL;DR
Sam describes his customer discovery call process: he schedules 10–20 short calls per day, never asks “would you pay for this,” instead uses broad open-ended questions to confirm the problem and understand the target customer archetype. He then attempts to close 80% of prospects on the call by offering a low early price with a full refund, using their objections to gauge true need.
Key insights
- Asking “would you pay for this” or “would you use this” is ineffective; instead probe whether the prospect actually has the problem you are solving.
- The goal of discovery is to find consistent patterns (demographic/psychographic archetypes) of who has the problem and why existing solutions fail them.
- Let the customer sell you by asking them to quantify the value your solution would bring (e.g., revenue saved, time saved).
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