Showing posts with label prospects. Show all posts
Showing posts with label prospects. Show all posts

10/24/2010

Creating Fresh Sales Opportunities

By Jill Konrath, Author of SNAP Selling & Selling to Big Companies


SNAP Selling: Speed Up Sales and Win More Business with Today's Frazzled Customers


There's nothing I like better than engaging prospects when they're NOT thinking of making any changes from the status quo. 

This may seem counterintuitive or perhaps even like sales heresy if you've spent your career chasing prospects who are already in the buying mode. After all, they already have money in the budget for your product/service and are actively looking for new options. 

So why would I recommend chasing "non-lookers" versus the tempting low-hanging fruit? Lots of reasons:

  • The incumbent is sleeping.

    Since dislodging the status quo is always your biggest sales challenge, you want to slip in under the existing provider's radar screen.

    By bringing in new perspectives that help prospects better achieve their objectives, you gain a foothold in an otherwise impenetrable account. The incumbent's failure to do so creates a credibility gap for them and opens the door for you.

  • Your competitors aren't around.

    If you do things right, you can prove your capabilities, demonstrate your expertise, and establish a strong relationship long before any competitors enter the scene. They'll be playing catchup from the start. And, in most cases, they'll find it extremely difficult to close the gap.

  • You set the playing field.

    By bringing new ideas, insights, and information to your prospect, you help determine the criteria against which future "go-ahead" decisions will be judged. This gives you a chance to best position the strengths of your product, service, or solution.

  • Sales cycles get condensed.

    When you leverage your expertise to help customers sort through everything that has to be considered to make a change, their decision-making process go faster.

  • Customers often love you.  

    Okay, I don't mean literally. But if you've ever had someone show you a better way, then made it simple to implement it, you know what I mean. That's how I feel when I visit the Apple Genius Bar, where tech gurus show me how to solve seemingly insoluble problems on my computer.

As you can see, there are many good reasons to get engaged with prospective customers earlier rather than later. Plus, you won't find yourself constantly fighting pricing battles. 

So start thinking about pursuing business with those non-lookers today. But don't talk about your products or services. Your prospects are only concerned about their objectives or eliminating the barriers that stand in the way of achieving them. 

Keep your focus on that and the possibilities are endless!


Jill Konrath, author of SNAP Selling and Selling to Big Companies, helps sellers crack into new accounts, speed up sales cycles and land big contracts. She's a frequent speaker at sales conferences. 

For more fresh sales strategies that work with crazy-busy prospects AND to get four bonus sales-accelerating tools, visit  www.snapselling.com.

10/17/2010

Prospecting Letters Still Open Doors

By Kendra Lee, President, KLA Group
Meet Kendra Lee

I am often asked about the effectiveness of letters as a prospecting strategy in today’s electronic world. You see email, cold calling, and webinar tips, but rarely hear about letters.




Direct mail has fallen off considerably. Anything suspected to be a sales approach gets tossed in the name of productivity savings. It’s harder than ever to ensure your letter reaches the intended recipient. Even when you pay the extra money to send it via Express Mail it’s frequently an assistant who opens your letter and determines if the boss will read it.


As a result, many sellers have given up on letters. And yet, you are frequently presented with golden opportunities to use them to make an impression and get in the door with top executives.



Recently Sarah, a seller I work with, discovered that a number of her target prospects were named to the Top Places to Work list for her metropolitan area.

Lists of companies being recognized like Sarah’s prospect are published every day. Announcements of noteworthy changes are broadcast. When a company is adding staff, launching new products or relocating, they want everyone to know it. All present a great opportunity to drop a potential prospect a note and launch your gain access campaign.

Sarah recognized the unique chance the Top Places to Work award offered her. While she wanted to use it as an entree to introduce herself and her services, she wasn’t sure how. She knew it couldn’t be a typical sales letter. It had to be more personal than that.

When you take the time to write a personalized letter, you’ll be surprised by the response. The company president will not only take your call, he may even reach out to you to thank you for acknowledging his company’s accomplishments. Once he does, you can segue into setting an appointment to get to know him and share ideas you have for his business.

It all begins with a letter an executive appreciates and remembers.

It sounds easy to write, but when you sit down to do it you suddenly have writer’s block. Here are some tips to get you started.
  1. Personalize it. Yes, I’m going to say it. Hand write the letter. Use a 4” x 6” note card and pen your congratulations. You aren’t sending a lead generation email to 120 people from your micro-segment. The group you’re writing is probably fewer than 10 people, so you can take the time to write it out. If your writing is illegible, print. If you don’t have note cards to use, hand write it on your letterhead. Finally, if you must type it, consider hand writing “Congratulations, Tom!” at the top to add a tone of informality. Your letter has to feel as if it was written especially for your contact to be memorable.
  1. Keep it simple. Sarah wrote:

Dear Tom,

Congratulations on your outstanding success! I saw your award as one of the Top

 Places to Work. What an honor! You’ve built a business of high caliber. I look 

forward to congratulating you personally at an upcoming Chamber event! 


Sincerely,
Sarah James
Company Name
You want to take care with what you write because an assistant may be the first 
person to read it. She needs to feel that it’s a letter your contact will want to read 
personally. Where there is no assistant, the brief handwritten note will grab the 
executive’s attention and draw him in.


In many cases your prospect may even want to share it with other staff members!
  1. Follow-up. Two weeks after sending your note, call to congratulate the prospect in person. Mention that you’d enjoy the opportunity to get together. Suggest that you meet for coffee or connect at the next association event he’s likely to attend. Chances are he’ll remember your letter, take your call, and agree to meet.
Don’t give up on letters just yet. Tweak your approach to distinguish yourself and start building a relationship with the top executives in your prospect list by recognizing their accomplishments. They will appreciate you noticing and want to get to know you.

Kendra Lee is a top IT Seller, Prospect Attraction Expert and author of the award winning book “Selling Against the Goal” and president of KLA Group. Specializing in the IT industry, KLA Group works with companies to break in and exceed revenue objectives in the Small and Midmarket Business (SMB) segment. Ms. Lee is a frequent speaker at national sales meetings and association events. To find out more about the author, read her latest articles, or to subscribe to her newsletter visit www.klagroup.com or call +1.303.773.1285.


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Twitter: @KendraLeeKLA


Facebook: http://www.facebook.com/pages/Denver-CO/KLA-Group/344889362477


Linkedin: http://www.linkedin.com/in/kendralee


Amazon:  Selling Against the Goal: How Corporate Sales Professionals Generate the Leads They Need


Selling Against the Goal: How Corporate Sales Professionals Generate the Leads They Need


Speaker: http://www.klagroup.com/news/speaking.cfm

10/15/2010

Sales Motivation: Don’t Miss Out on Year End Sales!

by Mark Hunter (www.thesaleshunter.com)


The year-end push is underway. I’m always amazed at the number of companies that have funds available to make purchases as the year draws to a close.  For most companies, there are slightly less than 3 months left in the fiscal year. When one fiscal year ends, a new one is coming, and that means budgets will all be reset.
Make sure you know what the fiscal year status is for each of your customers and prospects. Make the time now to focus more sales effort against them.  Primary objective is to make sure you’re able to have any remaining year-end funds allocated to you. Even if those sales don’t happen, you at least will be raising awareness among your customers so they will keep you in mind for the upcoming budget.  The contact you make now with your buyers is crucial.
Year-end can either elevate or kill your sales motivation. If year-end has typically been a stressful experience for you, be proactive now to determine what you can do differently to keep the stress at bay.  The momentum you gain now will give you a good frame of reference for a positive start to the new year in just a few moments.
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Twitter: @thesaleshunter