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| | #1 | ||
| I've started a new job as the "Marketing Coordinator" for a small business. One of the problems the business is having that the manager has asked me to resolve is that the salespeople pursue a lead, provides a quote, is talking to the customer. Everything seems to be going well. Then suddenly the prospective customer stops communicating with the salesperson -- does not return phone calls, does not reply to emails. The sale seems to be lost but the customer never actually says no. My feeling is that a few things could be happening: 1. Prospect was not serious and was just sort of looking. 2. Prospect went with the competition. 3. And, related to 2, there is a hidden objection that is not being addressed. What I am thinking of proposiing is that salespeople go back and call these lost sales (sort of lost: the customer never said "no") from about the past month, and make a big effort to actually get these prospects on the phone. That is, call multiple times on each one, not leaving a message for several calls hoping to get the person on the phone. Then see about closing the sale. It could be that they just got caught up in other things and are now ready to buy. The other purpose of these calls would be to find out what the customer's objections are and -- if they did go to a competitor -- find out why they did not go with us. It would be sort of informal research to find out what is happening with these customers and why they are making the decisions they are making. -- Robert Anderson | |||
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| | #2 | ||
| "Robert Anderson" <rbanderson@nospamnwlink.com> wrote in message news:cu9kaj02bsb@enews1.newsguy.com... > > > I've started a new job as the "Marketing Coordinator" for a small business. > One of the problems the business is having that the manager has asked me to > resolve is that the salespeople pursue a lead, provides a quote, is talking > to the customer. Everything seems to be going well. Then suddenly the > prospective customer stops communicating with the salesperson -- does not > return phone calls, does not reply to emails. The sale seems to be lost but > the customer never actually says no. > > My feeling is that a few things could be happening: > 1. Prospect was not serious and was just sort of looking. > 2. Prospect went with the competition. > 3. And, related to 2, there is a hidden objection that is not being > addressed. > > What I am thinking of proposiing is that salespeople go back and call these > lost sales (sort of lost: the customer never said "no") from about the past > month, and make a big effort to actually get these prospects on the phone. > That is, call multiple times on each one, not leaving a message for several > calls hoping to get the person on the phone. Then see about closing the > sale. It could be that they just got caught up in other things and are now > ready to buy. > > The other purpose of these calls would be to find out what the customer's > objections are and -- if they did go to a competitor -- find out why they > did not go with us. It would be sort of informal research to find out what > is happening with these customers and why they are making the decisions they > are making. > > -- > Robert Anderson > If you want to take on the job of sales coaching, your approach sounds about right. But as a marketing director you might want to consider creating a spreadsheet analysis of all your pluses and minuses as compared to all your known competitors and see where you stack up on a comparison. Then convert the advantages into sales presentations which you can give to your sales crew. Make sure they have the leverage they need to keep the prospect interested and focused on the sizzle of your offering. Here's another idea that might help you find the sizzle in your products: Everything will depend on how well you visualize the emotional reaction to the person on the receiving end of your efforts. Do it now and look for the answers to the following questions as you imagine that end user of your offering. What age, how are they dressed, where do they live, what is their family income, what is their educational background, what do they do to pass the time, are they readers, are they couch potatoes, are they healthy, do they have imagination, are they leaders or followers, what made them buy your offering, what will they do with it, how will they explain the expense to their most significant other, how long with they be interested in it, will they share their joy with others, will others listen to them, can you come up with something later to keep them interested in your offerings, will that person be a customer? Now, where in all of these questions is there a single word about the quality, price, specifications, details of your offering? Where is there a mention of cost of production, cost of distribution, cost of advertising, profits and loss? Yet it is in these last items that the overwhelming majority of books on sales and marketing focus. Let's recapture your visualization and tackle a few of these questions. First of all, once you have profiled your end user you have defined your target market. You have identified the kind of people most likely to buy from you. You will discover that successful sales and marketing is nothing more than breaking down every element of this visualization into projects and into tasks; each a step toward success. How do you eat an elephant? One bite at a time. Next is the absolute must in all sales and marketing efforts. Convert this visualization exercise into a daily ritual in which you spend no less than 20 minutes with eyes closed, in a quiet place, to experience the pure unadulterated joy of sharing the good feelings of your customers enjoy your offering. See them in great quantities, in all parts of the world, of all races and cultures, of all political beliefs. Explore the many ways these customers enjoy the results of your work, your business. Believe it to be true. See it as reality. Let your inner self believe it is true. Block out any negative thought by replacing it with enthusiastic and positive images of joy. Immediately after your visualization period, take a piece of paper, lay it horizontally, draw an ellipse in the middle of the page and write a single word for the strongest intuitive message or feeling you have at that moment. As ideas spring into your mind draw lines from the ellipse to the edge of the paper and write a word or two to name the picture in your imagination stemming from the intuitive message. Stop and do an experiment in visualization now. Take a few deep breaths and exhale slowly, tell yourself you will be visualizing people using your product, service, idea with joy; happy to have it. Begin the visualization and linger as an invisible observer reading their mind, sensing their feelings. Let your imagination run wild. Even if you do it for a few minutes you will be rewarded with some new insight, some new idea that will help you make this vision come true. Wayne http://home.att.net/~impresario/Index.htm | |||
| | #3 | ||
| "Robert Anderson" <rbanderson@nospamnwlink.com> wrote in message news:cu9kaj02bsb@enews1.newsguy.com... > > > I've started a new job as the "Marketing Coordinator" for a small > business. > One of the problems the business is having that the manager has asked me > to > resolve is that the salespeople pursue a lead, provides a quote, is > talking > to the customer. Everything seems to be going well. Then suddenly the > prospective customer stops communicating with the salesperson -- does not > return phone calls, does not reply to emails. The sale seems to be lost > but > the customer never actually says no. > > My feeling is that a few things could be happening: > 1. Prospect was not serious and was just sort of looking. > 2. Prospect went with the competition. > 3. And, related to 2, there is a hidden objection that is not being > addressed. > > What I am thinking of proposiing is that salespeople go back and call > these > lost sales (sort of lost: the customer never said "no") from about the > past > month, and make a big effort to actually get these prospects on the phone. > That is, call multiple times on each one, not leaving a message for > several > calls hoping to get the person on the phone. Then see about closing the > sale. It could be that they just got caught up in other things and are now > ready to buy. > > The other purpose of these calls would be to find out what the customer's > objections are and -- if they did go to a competitor -- find out why they > did not go with us. It would be sort of informal research to find out what > is happening with these customers and why they are making the decisions > they > are making. > > -- > Robert Anderson > > Robert, You may be right about the reasons for prospects (they aren't customers until they purchase) "falling off the scope". I would suggest, however, that the manager be the one who writes (not calls) the prospect. A letter from the manager (not an email) is more likely to be read by the prospect, and if written correctly, more likely to be responded to. The manager can inquire if the salesperson failed to properly serve the prospect, or if the product/service fell short of the prospect's needs. By implying negligence on the part of the sales person, you can often provoke a response from a tire-kicker who knows the sales rep was not at fault. This way, if the prospect does respond, the manager has a chance to find out what is really going on, including the possiblity of sales reps who aren't good at their jobs. Second, you can contact the customer by telephone (assuming the prospect did not respond to the letter), as a marketing person, looking for the benefit or price differential the competitor offered that cost you the sale. This call must be clearly intended to ask the help of the prospect in improving your company's offering. No second-guessing, no arguments (we can do that better!) is allowed. If you have product managers, they can do this (and should be doing this) as a matter of course. When issues of price or competitive benefits are identified, they can be acted on. Third, you (or the sales manager) should be keeping statistics on each individual sales person. Leads turned over, contacts made, sales predicted, sales closed (including total, items, cost per item, etc.). This will show if any sales people are having problems with qualifying leads, predicting sales, and/or closing sales. The manager can then work with those particular reps. Last, you should be keeping statistics on each marketing campaign in terms of leads generated (totals and percentages), sales closed (totals, revenue totals, percentages), and so on. This will allow the marketing mix, target audiences, list providers, titles targeted, and so on, to be evaluated in terms of both lead generation and sales completed. If you are a business-to-business operation, I would be very concerned about having any measurable amounts of prospects who "disappear". If you are a B2C operation, I would be much less concerned, as this sort of avoidance is to be expected. Good luck with your operation. George King G.E. King Marketing | |||
| | #4 | ||
| "Robert Anderson" <rbanderson@nospamnwlink.com> wrote in message news:cu9kaj02bsb@enews1.newsguy.com... > > > Everything seems to be going well. Then suddenly the > prospective customer stops communicating with the > salesperson -- does not return phone calls, does not > reply to emails. The sale seems to be lost but the > customer never actually says no. > > My feeling is that a few things could be happening: > 1. Prospect was not serious and was just sort of > looking. > 2. Prospect went with the competition. > 3. And, related to 2, there is a hidden objection that is > not being addressed. > > What I am thinking of proposiing is that salespeople > go back and call these lost sales (sort of lost: the > customer never said "no") from about the past month, > and make a big effort to actually get these prospects > on the phone. Win/loss analysis is an important part of product management. After a successful or unsuccessful sales effort, have a product manager (not a salesperson) follow up with the prospective customer and get feedback on the sales process, salesperson, product, and reason for the outcome of the sales effort. It is essential that you clearly distinguish between the roles of salesperson and product manager when following up. The product manager should explicitly identify herself and state at the outset that it is not a sales call, but an effort to get feedback on the product and sales effort. The product manager should merely facilitate the process of getting feedback and not try to defend or sell the product. At the end of the call, it is okay to mention that the prospective customer and the salesperson may, separately from this call, make contact, if the prospect is still interested in purchasing. -- Roger L. Cauvin nospam_roger@cauvin.org (omit the "nospam_" part) Cauvin, Inc. Product Management / Market Research http://www.cauvin-inc.com | |||
| | #5 | ||
| "George King" <news@geking.com> wrote in message news:cub3mo02k20@enews3.newsguy.com... > > > "Robert Anderson" <rbanderson@nospamnwlink.com> wrote in message > news:cu9kaj02bsb@enews1.newsguy.com... > Good luck with your operation. Thanks George. Also, thanks for the excellent suggestions. I have talked further with the sales manager and he is now considering his options. He realizes something has to be done as we are b2b and having prospects dissappear after the initial contacts is bad especially since these are warm leads -- people who called or emailed our company. -- Robert Anderson | |||
| | #6 | ||
| "Roger L. Cauvin" <roger@deadspam.com> wrote in message news:cuc4ed0g96@enews3.newsguy.com... > Win/loss analysis is an important part of product management. After a > successful or unsuccessful sales effort, have a product manager (not a > salesperson) follow up with the prospective customer and get feedback on > the > sales process, salesperson, product, and reason for the outcome of the > sales > effort. > > It is essential that you clearly distinguish between the roles of > salesperson and product manager when following up. The product manager > should explicitly identify herself and state at the outset that it is not > a > sales call, but an effort to get feedback on the product and sales effort. > The product manager should merely facilitate the process of getting > feedback > and not try to defend or sell the product. At the end of the call, it is > okay to mention that the prospective customer and the salesperson may, > separately from this call, make contact, if the prospect is still > interested > in purchasing. Yes, we have all agreed that research is key if we are going to understand the reasons. That means calling the lost customers and find out what went wrong. -- Robert Anderson | |||
| | #7 | ||
| "Wayne Lundberg" <Waynelund@worldnet.att.net> wrote in message news:cub3o70252m@enews4.newsguy.com... > If you want to take on the job of sales coaching, your approach sounds > about > right. But as a marketing director you might want to consider creating a > spreadsheet analysis of all your pluses and minuses as compared to all > your > known competitors and see where you stack up on a comparison. Then convert > the advantages into sales presentations which you can give to your sales > crew. Make sure they have the leverage they need to keep the prospect > interested and focused on the sizzle of your offering. Very good idea. I talked to the sales manager and he is actually having one of the salespeople put together this spreadsheet of pluses and minuses. > Stop and do an experiment in visualization now. Take a few deep breaths > and > exhale slowly, tell yourself you will be visualizing people using your > product, service, idea with joy; happy to have it. Begin the visualization > and linger as an invisible observer reading their mind, sensing their > feelings. Let your imagination run wild. Even if you do it for a few > minutes > you will be rewarded with some new insight, some new idea that will help > you > make this vision come true. Wow. This is a great idea but I question whether I have the patience to sit and meditate like that every single day. I could see myself doing that once and definately benefiting but then never doing it again as the crush of a busy schedule and lots of work interferes. Does this technique produce results? I am not suggesting that it does not, I am just curious if you have examples of how it worked. -- Robert Anderson | |||
| | #8 | ||
| "Robert Anderson" <nospam@nonespam.com> wrote in message news:cug79i02hq6@enews2.newsguy.com... > > > "Wayne Lundberg" <Waynelund@worldnet.att.net> wrote in message > news:cub3o70252m@enews4.newsguy.com... > > > If you want to take on the job of sales coaching, your approach sounds > > about > > right. But as a marketing director you might want to consider creating a > > spreadsheet analysis of all your pluses and minuses as compared to all > > your > > known competitors and see where you stack up on a comparison. Then convert > > the advantages into sales presentations which you can give to your sales > > crew. Make sure they have the leverage they need to keep the prospect > > interested and focused on the sizzle of your offering. > > Very good idea. I talked to the sales manager and he is actually having one > of the salespeople put together this spreadsheet of pluses and minuses. > > > Stop and do an experiment in visualization now. Take a few deep breaths > > and > > exhale slowly, tell yourself you will be visualizing people using your > > product, service, idea with joy; happy to have it. Begin the visualization > > and linger as an invisible observer reading their mind, sensing their > > feelings. Let your imagination run wild. Even if you do it for a few > > minutes > > you will be rewarded with some new insight, some new idea that will help > > you > > make this vision come true. > > Wow. This is a great idea but I question whether I have the patience to sit > and meditate like that every single day. I could see myself doing that once > and definately benefiting but then never doing it again as the crush of a > busy schedule and lots of work interferes. > > Does this technique produce results? I am not suggesting that it does not, I > am just curious if you have examples of how it worked. > > -- > Robert Anderson Thomas Edison made it a point to sit, close eyes, visualize, fall asleep for the second or two it took his cane to hit the floor when he let it go because he nodded off. He would write down the image in his mind just before dozing off. This gave him the clue he needed to pursue the original problem or idea, whatever it was. Yes. The system works. Has worked for every innovator and inventor ever since, and even before Socrates. But it is not taught in school! Can you imagine 12 year olds getting Master's Degrees and the number of unemployed teachers and administrators in the world? Using the Silva Mind Control method Jose Silva saw his 7 or 8 kids get doctorate degrees before they were 20 years old. Tony Buzon is selling books on Mind Mapping like crazy because more and more people are discovering these techniques. I have solved so many problems in industry and manufacturing that I can not list them all, just to say that if I did, the total cost savings or productivity enhancements from these projects initiated with these techniques would be in the billions of dollars per year. Skim some of the chapters in my site. No fee, no come-ons, it's just sharing from one human's experience to another. Go to the several short chapters on innovation toward the end to start with. http://home.att.net/~impresario/Index.htm Live long and prosper! Wayne | |||
| | #9 | ||
| Robert, I'm a new member, so apologies if my reply/question does not fit with the flow, but your issue is very relevant to a problem I'm currently seeking to solve. You identified three possibilities (prospect not serious, went with competition, and hidden objections). I suspect there could be several more possibilities. I've recently had a similar problem and am wondering if the 'salesperson' (I use quotes because in our industry consultants also tend to sell) has a problem with "closure". I wouldn't have thought this would be an issue with a dedicated sales professional, but the symptoms you describe are similar to those we've been having. Except that there is very occasional contact that indicates the prospect has not fully rejected the proposal/project. In some cases the prospect's "interest" has been there for two years without resolution! I tried pressing for closure on a recent project and got quite an emotional response - indicating that the problem was probably not with the prospect, but with the person selling. It is a bit of a dilemma, because a good consultant does not necessarily make a good salesperson, and vice versa, but we are a small business where both roles have (hitherto) been integrated. Have you looked at the previous track record of your salesforce, and the recruitment criteria etc. used to select them? Sometimes people are recruited because they are liked, not because of their ability to close deals. The problem may also lie in the process they are using (ie it is a training issue). Regards Steve | |||
| | #10 | ||
| "Steve" <spmyers@teamtechnology.co.uk> wrote in message news:cujhif01ngh@enews3.newsguy.com... > Have you looked at the previous track record of your salesforce, and > the recruitment criteria etc. used to select them? Sometimes people > are recruited because they are liked, not because of their ability to > close deals. The problem may also lie in the process they are using > (ie it is a training issue). Yes, I too have seen the sort of he is a likeable guy thing with hiring and, frankly, keeping a salesmanager or salesperson too long. For example, at the last place I worked the sales manager was a friend of the owners so they kept him despite obvious imcompetence. He had no ability to follow-through, plan ahead, or deal with problems. His one strong point -- and this is worth something -- is that he was very likeable and made the rounds at the company talking to everyone. They eventually had to get rid of him but it took a really long time because, I think, he was so well liked. So I think your point is well taken. However, at my current situation I think it is a training issue. Since I and the salesmanager have started coaching on asking lots of questions and listening to the prospect and never, ever ignore an objection, etc., the close rate this week was considerably higher. So clearly there was a training issue. We said if you run into an objection for which you don't have an answer don't try to paper over it or ignore it (make sure you are listening so you hear it in the first place), don't be afraid to say, "I don't know, but I will check into it and get back to you". We also talked about, well, basically talking less and letting the prospect talk more. Sometimes it seems that salespeople are so into giving their pitch and why this product or service is better than that one, etc., etc., they don't slow down to realize that they are in a real conversation with a prospect. We said ask questions, find out about the prospects business, situation, needs, concerns. The asking questions, listening, dealing with objections has already shown an approvement. This coming week we are going to specifically delve deeper into dealing with objections. -- Robert Anderson | |||
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