Taming the GPT Frontier: "Navigating the AI Wild West with Wit and Wisdom"

The AI GPT market is dynamic and rapidly evolving. It often gets likened to the “wild west” due to its rapid growth, innovation, and lack of clear regulation in the field. Much like the untamed frontiers of the Wild West, the AI landscape is characterized by a sense of lawlessness, with new technologies emerging at a breakneck pace, and established rules and standards struggling to keep up. Carpet baggers, new religions, the good, the bad & the ugly. It’s exciting, but uncertain. Searching for gold and adventure, people are venturing into uncharted territory.

With this amount of noise and chaos, it’s hard to make sense of things. While GPTs can transform the way we interact with data and information, it is difficult to find the right area to explore given your specific needs. These choices won’t become much clearer anytime soon, so we say “take the plunge” – so let’s explain why.

GPTs are deep learning models that learn from vast data across domains like language and images. They can generate new data and perform tasks like text generation, image captioning, and speech recognition with high accuracy. GPTs can profoundly enhance the capabilities and productivity of those working with data and information, and as such cannot be ignored and adoption needs to be  explored with some urgency.

Chat GPT is a good place to start, but it’s not a good place to end. Some companies are actively encouraging their teams to “have at it” with chat GPT, adopting a kind of “let’s see where we go” attitude. Others turn a blind eye to it (with the same intent BTW) and some actively discourage it.

In using Chat GPT sales teams, for example, should realize some timesaving and improvement in effectiveness. Once you’ve seen that, it’s time to get serious. Using ChatGPT anymore than a “suck it and see” approach will put you behind the curve longer term. In order to understand why this is, don't just rely on us...this is what Chat GPT had to say about itself when we asked that question...

1.      Lack of Domain-Specific Knowledge: ChatGPT does not have the depth of domain-specific knowledge and expertise that a specialized sales GPT would have. This impacts the quality and relevance of the responses in a sales context.

2.      Limited Customization: ChatGPT is not designed to be customized to the specific needs, processes, and the language of a particular sales team. A specialized GPT, on the other hand, can be fine-tuned to align with the unique requirements of a sales organization.

3.      Data Privacy and Security: Using ChatGPT for sales tasks might raise concerns about data privacy and security, as sensitive customer information could be exposed. A specialized GPT can be designed with robust security measures to protect sensitive data.

4.      Integration Challenges: ChatGPT may not integrate seamlessly with existing sales tools and CRM systems, which can limit its effectiveness in streamlining sales processes. A specialized GPT can be built to integrate smoothly with the sales team's tech stack.

5.      Contextual Understanding: ChatGPT will struggle to understand the context of complex sales scenarios or customer interactions. A specialized GPT is better equipped to handle the contextual nuances of sales-related conversations.

6.      Continuous Learning: While ChatGPT can learn from a wide range of sources, it may not be optimized for continuous learning from sales-specific interactions. A specialized GPT can be designed to learn and adapt from sales interactions, improving its responses over time.

So what’s the Shadow “savvy” on all this?

ChatGPT and specialized GPTs have different strengths and weaknesses when it comes to sales use. ChatGPT can offer “some” timesaving and effectiveness benefits, but as it freely admits itself, it lacks domain-specific knowledge, offers limited customization, has data privacy and security issues, integration challenges, contextual understanding problems, and continuous learning limitations. It’s not a bad place to start, but like we said, it's a bad place to finish (you know, like peaking in high school!).

A specialized GPT overcomes these drawbacks. Yes, It will require some more time and resources to set up and maintain, and so as not to disappoint with no promotional thoughts – that’s where we come in!

First Call Fiasco - First Impressions, Lasting Rejections.

Despite all the "science" that's gone into sales & marketing over the last 20 years, we're still grappling with an old challenge - the consistently low conversion rates from 'lead' to 'opportunity' to 'close.' But here's the kicker: the root of the problem lies right at the outset—the first call. Many sellers brush off this initial interaction as a mere icebreaker. In reality, the first call presents the golden opportunity to qualify, establish trust, and ignite preference. It's no time to 'clown around.'

By the numbers

According to the Bridge Grp the average conversion from Marketing Lead to Opportunity is one in eight. Add into this that the “generally accepted’ conversion of Opportunity to Close is between one in three and one in six. If we take the middle ground (one in four and a half). That means you need 36 Marketing Leads for every deal – and that means you need to have 36 “first calls” for each closed deal. At those conversion rates – that’s just too many. You have to change the odds.

The Criticality of First Impressions in Sales

The adage "You never get a second chance to make a first impression" is particularly poignant here. Psychological research underscores the rapidity and permanence of first impressions. Within moments of an encounter, humans form lasting judgments, influenced by a myriad of cues. In B2B sales, this initial judgment can significantly sway the prospect's perception.

The Reality of First Calls in B2B Sales

Many sellers mistakenly perceive the first call informally—an opportunity to introduce themselves and their offerings without delving into substantive discussions. This is a mistake. The truth is, first calls are more than just pleasantries; they're the first step in a complex dance of building rapport, establishing credibility, and aligning offerings with the prospect's needs.

The Role of Preparation in Elevating First Calls

At the heart of many unsuccessful first calls is a glaring issue: poor (or mediocre) preparation. This lack of readiness manifests in various detrimental ways:

• Lack of Prospect Research: A seller unfamiliar with the prospect's business, industry challenges, and specific needs can hardly tailor their pitch effectively, let alone demonstrate genuine understanding and empathy.

• Inadequate Solution Knowledge: Without a thorough grasp of their own offerings, sellers struggle to articulate the value proposition convincingly, and even worse fail to connect Business Problem/Opportunity => Your Solution = > Outcome.

• Unprepared for Objections: Sellers not ready to address common objections fail to instill confidence, crucial in building trust. The better opportunity here is to surface the “gnarly” issues. They’ll only come back to haunt you later anyway, and as Rick Page famously said, “if you’re going to lose…lose early.” For instance, if you’re “never the cheapest game in town” set the expectations up front (as well as setting some competitive traps.) You can then focus the conversation from that point on around “value,” as well as qualifying hard. Assuming you get to a serious pricing conversation, this will avoid any "surprises."

• Personalization Deficit: In today's market, a generic pitch is a missed pitch. Prospects expect personalized engagement that resonates with their unique challenges and goals. Sellers have to make two or three connections from the industry/prospect needs or wants.
  

Strategies for Successful First Calls

Transforming the first call from a procedural step to seizing a strategic advantage involves preparation. And then more preparation and then some more!

• Do your Research: Prior to the call, invest time in understanding the prospect's business landscape, pain points, and aspirations. This knowledge not only informs a more relevant discussion but also demonstrates respect for the prospect's time and challenges.

• Solution Mastery: Solution knowledge enables sellers to confidently navigate the conversation, aligning features and benefits with the prospect's specific needs.

• Synthesize the Two: Understand and explain the connection. This might involve taking some leaps – you can’t know everything about where the stakeholders are coming from until you engage with them. But with good prep you can eliminate most of the guesswork…most of it.

• Anticipating Objections: Prepare for potential objections by understanding common concerns within the prospect's industry. And hit the “awkward” stuff up front. Sounds revolutionary, I know, but be honest.

• Technical Preparedness: Ensure all technical aspects of the call, from software to hardware, are tested and functioning. A smooth experience reflects that you give a damn.
  

Implementing the Plan

Sounds easy – right? The problem? Lack of knowledge & lack of time. You don’t know what you don’t know and have less time to figure it out. Cognitive overload is imminent…Condition Red! Just dust off the old, vanilla first call “playbook,” that’ll work - right?... Probably not.

Conclusion

This is all about achieving what’s fashionably known as situational fluency and then moving on from fluency to dominance. It’s about inspiring confidence in your team and yourselves. If you don’t feel ready and well prepared, you’ve already lost. Who did that used to be …until a few years ago the Chicago Cubs? Or as Sun Tzu said, "all battles are won, before they are fought.”

Well, I suppose we can help you with that. See how.

Erase Sunday p"ai"n using ai g"ai"n. Finally - Beat the Sunday Scaries"

I always hated the Sunday Scaries (who doesn’t?), even in the early part of my career when sometimes I thought I had nothing to worry about. They weren’t bad when I worked for a good company that treated people well. That seems to be a thing of the past. The Scaries were much worse when you had a loser boss or “teammates” – particularly the bullying types, which seems to be the majority these days. Without dwelling on the toxic workplace let’s figure out what the Sunday Scaries are and maybe how we can use (yes, you guessed it…) artificial intelligence, to combat them.

What Are the Sunday Scaries & Why Do We Get Them?

The Scaries? They’re that feeling of dread that creeps up on you as Sunday afternoon starts to turn into Sunday evening. They’re the wave of anxiety about the impending work week. The shadow that’s cast by looking ahead. What's really happening in your brain and body during these moments? It's a fascinating interplay of psychology, neurology, and sociology.

1. Anticipatory Anxiety: This is your brain's natural response to upcoming stress. It activates the amygdala, triggering the release of stress hormones like cortisol, as you think about the upcoming workweek.

2. Modern Work Culture: Societal pressures equating busyness with success intensify feelings of anxiety and dread about work, particularly evident on Sundays.

3. Weekend-Weekday Contrast: The shift from weekend freedom to weekday responsibilities creates a psychological jolt, leading to heightened anxiety on Sunday.

4. Disrupted Routines: Changes in sleep patterns and routines over the weekend can disrupt your body's internal clock, contributing to Sunday evening stress.

5. Coping Strategies: Recognizing these patterns allows for better coping mechanisms, such as mindfulness, relaxation, and strategic planning (like using AI tools) to ease into the workweek.

How to Combat the Scaries

Now, let's not just wallow in our Sunday sorrow. Here are some tips to combat those Scaries:

1. Plan Ahead: You could spend a few minutes on Friday jotting down Monday's tasks. Don’t wait until Sunday night to do this, which is what most of us do. It's like leaving breadcrumbs for your future, anxious self.

2. Sunday Funday: Keep yourself engaged in activities you love. Distraction is a powerful tool. In my twenties, during the Summer months, I used to play cricket (it’s like baseball) ALL weekend.

3. Relaxation Rituals: Whether it's yoga, reading, or watching your favorite show, establish a Sunday ritual that calms your mind.

4. Perspective Shift: Remember, work is just one aspect of life. Don't let it steal your Sunday joy.

Focus on planning

Planning? What a bore! Lett's spice it up with a couple of (pretty good) clichés – "those who fail to plan, plan to fail." AND the law of the Seven Ps “proper planning & preparation prevents p*** poor performance.” As much as you want to defend the weekend and squeeze the last juice of joy from it, you don’t want the specter of last minute catch-up on a Sunday evening looming over you, but that problem isn't gonna solve itself. Plan your way out of it! Get the planning & prep out of the way on Friday and then crack on with your weekend.

Sales World

People not in sales tend to think of it as all back slapping & palm pressing, golf and dinner, and all that jazz. Newsflash - It’s not that entertaining. If you’re not travelling on a Monday morning (and even if you are) there’s usually “team” meetings coming up. You know the ones - where a cast of thousands want to review your pipeline and provide sage advice from their years of meaningful experience in development, or marketing, or HR or finance, or law or janitorial services – you know lots of useful (less) sources. Or there’s other team planning, deal meetings, and God forbid you have client/prospect calls to plan for.

The problem with this approach – proactive planning for the week - was that it took time. In fact you could spend all weekend planning the following week, and by the time you were done with the planning it was Sunday night already! Without being a bore, the era of artificial intelligence is able to better equip you and really deliver on the idea of working smarter NOT harder.

In spite of my trying to avoid being self-serving here – there are lots of emerging ideas and tools in the Sales sidekick category of ai. Whether you use ours is not really the point here – but our tool (and I’m sure some others) will literally save you hours and frankly do a better job with research, insights, thought provocation, preparation, strategy identification and helping you create plans, strategies, tactics & find answers, so you’re better prepared, faster and with less effort for the roller coaster ride of the following week!

Final thought – sales is obviously not the only “world” out there – but it’s what we deal with. There’s lots of jobs where you suffer the Sunday Scaries, and you can plan your way out of all of those just as well. What you shouldn’t do is kick the “Monday Morning” can down the road into Sunday night. One of the things we dread, whether is Sunday night or not, is being unprepared. Who doesn’t, or hasn’t, suffered the dream of showing up for an exam to realize you know nothing about the subject…plus you may, or may not, be wearing any clothes! Having a considered plan that we feel good about can take hours, if not days to formulate, and it can cloud your mind when you’re trying to enjoy your weekend. In the case of sales, whether it’s an account plan, a territory plan, or a reactive plan to changes in a sales pursuit, they are challenging and time consuming. With the selective use of a.i., the cliché of “working smarter, not harder” might actually be achievable.