MEDDIC , is the most renowned Sales Qualification Methodology, applicable to any Enterprise Sales Process which is rather complex. MEDDIC may be referred to as the MEDDIC CHECKLIST, or even MEDDIC SALES PROCESS (imperfect).
Learn more about MEDDIC, with its variants MEDDICC and MEDDPICC here.
What does the acronym MEDDIC stand for?
Metrics: Quantification of the potential gain and ultimately the economic benefit
Economic Buyer: Interaction with the person who has decision control on the funds for the PO
Decision Process: Process defined by the company to reach the purchase decision
Decision Criteria: Criteria used by the company to make the purchase decision and choose among options
Identify Pain: Actual pains at the company which would require your product/service to be relieved
Champion: Powerful & influential persons at the company, who are favorable to your solution
The level of knowledge, control and progress of each of the above elements in a specific account provides the sales person with a CHECKLIST, easy to use and remember. The review of the MEDDIC CHECKLIST will result in an objective assessment of the level of qualification in the sales campaign and the degree of confidence for the sales forecast. The unchecked elements on the MEDDIC CHECKLIST will point the sales team to the right actions in the account which will lead to closing that deal.
What’s the benefit of using the MEDDIC Checklist?
Monitors the level of qualification/progress of a deal
Self assessment by each sales person
Leads to the next sales activity during the sales campaign
No Discount needed to win a deal
Improves accuracy of sales forecasts
Increases revenue through sales efficiency thanks to better qualification
Reduces costs thanks to early disqualifications of the deals that are not winnable
How Can We Implement the MEDDIC Methodology Within Our Sales Force?
We train your sales force starting with as short as a 2 hours training & workshops, in-person or through state-of-the-art yet accessible distance learning methods. We also offer to coach your team through ongoing weekly sales meetings until MEDDIC becomes a habit.