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MEDDPICC Definition

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What is MEDDPICC®?

MEDDPICC represents a series of educational products and services, including slides, videos, courses, workshops, books, audiobooks, and other content, authored by Darius Lahoutifard and marketed by MEDDIC Academy to help implement MEDDIC or MEDDICC sales concepts, ideas, frameworks, and methodologies. MEDDPICC is a registered trademark owned by Darius Lahoutifard and exclusively marketed by MEDDIC Academy.

What is the history of MEDDPICC®?

MEDDPICC is the evolution of MEDDIC, which finds its roots at PTC, a software maker founded in 1988 and headquartered in Boston. In the early 90s, PTC had a leading product. They had to grow fast while the competitors, including IBM, Dassault Systems, Siemens, and Computervision, were working on their products to catch up.

The collective efforts of the sales organization at PTC, under Steve Walske’s leadership, resulted in one of the most exceptional success stories in the history of technology adoption and growth. Growing from inception to $1B revenue in 10 years was rare in the 90s. Through forty consecutive quarters of unstoppable growth, the initial sales leaders at PTC made it possible through discipline and execution. Some of their best practices were put together as a checklist by the training teams at the headquarters, and they were given an internal name: MEDDIC. While the MEDDIC Checklist is sometimes considered as MEDDPICC’s ancestor, in terms of concept, the MEDDPICC sales training program and course curriculum at MEDDIC Academy is is a lot more than just a concept or even a framework.

MEDDIC was the result of teamwork, not one person’s creation. Some key executives who contributed to MEDDIC are:

MEDDIC was just an internal concept for over a decade since PTC was not a sales training company. To our knowledge, the following notable events helped shape the current status of sales training offers around MEDDIC and MEDDPICC.

MEDDPICC courses, training programs, workshops, and other educational materials are exclusively offered at MEDDIC Academy.

What is the MEDDPICC Definition?

MEDDPICC Definition

Definition of MEDDPICC®?

  1. Metrics: Leverage of the measured potential gain and their economic benefit
  2. Economic Buyer: Interaction with the person in the account who has discretionary access to the funds
  3. Decision Criteria: Criteria used by the customer to select the solution and the vendor
  4. Decision Process: Process that the customer has adopted, which leads to the purchase decision
  5. Paper Process: Approval process in the account through which the purchase order request needs to go before reaching the vendor 
  6. Identify Pain: Actual pains at the company that would require your product/service to be relieved
  7. Champion: Powerful & influential persons at the company who are favorable to your solution
  8. Competition: Knowledge of the competing vendors in the account, their strengths and weaknesses, and their champions

The level of knowledge, control, and progress of each of the above elements in a specific account is key for assessing the chance of success. Per the MEDDPICC definition, these elements lead to a sharp and clear qualification of the account all along the sales cycle. The unchecked elements of the MEDDPICC CHECKLIST will help disqualify a deal early in the sales cycle or direct the seller to the right actions in the account, which will lead to closing that deal.

What are the benefits of using the MEDDPICC Definition?

How Can We Implement the MEDDPICC Methodology Within Our Sales Force?

We train your sales force starting with as short as 8 hours of training and workshops, in-person or through the most modern methodologies: VILT (Virtual Instructor-Led Training), In-person or face-to-face training, self-paced eLearning, Blended learning, and more.  If you liked the MEDDPICC Definition,

              Contact us here and let’s start selling smartly.

What do customers say?

Check customers’ testimonials here.

MEDDPICC Definition
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