The glossary

Glossary

What is a single-threaded deal?

A single-threaded deal is an opportunity where the seller's only working relationship inside the buying organization is one person.

How a single thread hides

Business purchases are approved by several people, so a deal that rests on one contact is only as safe as that person's job and standing. Three things usually break it. The contact leaves, the contact lacks the standing to secure budget, or a competitor reaches the CFO first. It also helps to separate a fan from a champion. A fan is friendly and takes calls. A champion has introduced the seller to others and argued for the deal when the seller was not in the room.

The CRM can hide a single thread: five contacts on the record, one of whom has ever replied. The question that exposes it in a deal review is "who besides your contact has said something about this deal, and what did they say?" If the rep can only quote one person, the deal is single-threaded. Our deal coaching guide covers what to do next, and how to run a deal review puts the question in the agenda.

One director, every quote

A rep brings a $70,000 deal to a call with Caty. Every quote in the notes comes from one director. Caty asks who signs, and the rep is not sure. They plan the ask through the director: "Who else will need to agree before this goes ahead, and would it help if I drafted a short note you could send them?" The rep says it out loud twice, adjusts the wording, and sends it to the director that afternoon. (Illustrative example.)

Related terms

FAQ

Why are single-threaded deals risky?

Everything depends on one person, and if they leave or lose the internal argument there is no one else to call. The deal often stalls quietly, so the seller hears nothing until the close date passes.

How do you multi-thread a deal without going around your champion?

Ask the champion who else needs to agree and offer to make it easy, for example a short note they can forward. Then run the group meeting so the champion looks good. Going around them usually costs the relationship.

How many contacts should a deal have?

Enough that every person who influences or signs the decision has engaged with you. The number depends on the deal; the test is whether you can name the signer and quote something they said.

Put an expert on your deals.

Talk to Keenan about a live deal for free, or talk to us about experts for your team, your product or your coaching business.

Talk to us