A good pool of prospects is one of the keys to a successful
selling career. Knowing how to prospect effectively keeps a
career vital, and is truly the lifeblood of sales. Yet, so many
sales professionals overlook the crucial element of having a
prospecting plan. With a plan to follow, you can measure your
efforts and results.
The
Mix
A good
prospecting plan includes several types of activities. Some
examples include: outbound (cold & warm) calls, referrals,
talks, mailings and networking. While most salespeople have a
variety of activities available to them, they tend to use only a
few, either because they have a certain comfort level with some
activities, or a discomfort with others. Mixing your activities
takes the pressure of any one activity to provide your
livelihood. If you're not comfortable with an approach, invest
time to improve your skills, and ultimately your comfort level,
to make other activities work for you.
The
Action
Prospecting
activities are either active or passive. Active prospecting
gives you complete control over how the activity is carried
out. For example, making outbound calls is active. You control
who you call, how often you call, how many calls you make, and
what you say. Advertising is passive ? you can't control whether
a piece gets to its intended destination, is read, or generates
a response. Although you can increase your response rate by
offering free samples, a bonus or other premium, you give up
most control by advertising.
To achieve
desired results, mix your active and passive prospecting.
Passive activities may be more comfortable, but comfort may not
be the answer to your prospecting challenge.
The
Plan
When you've
decided which activities to pursue, put them on your calendar.
Schedule your activities according to time, budget, resources
and target audience considerations. And be sure to put your
preparation activities (preparing a seminar, writing your
newsletter or composing your mailing) in no-pay time. A budget
should accompany your prospecting calendar. Will there be
labor, equipment, facility or print costs? These elements all
factor into your choice of prospecting activities and their
weight in your mix.
The
Results
Once you've
chosen your mix, planned your actions, scheduled your activities
and carried out your plan, what were the results? Where did
your leads come from, and which activities generated the leads
that translated into appointments? Although different
activities may produce varying results, you'll probably find
that a plan that reflects a variety of methods will pay off.
And you may even find success with an activity you thought
wouldn't work for you, or that you were reluctant to try.
Each
prospecting plan is unique, but all have elements in common:
they should include a mix of activities that are feasible for
your situation and have action steps for those activities based
on resources available and scheduling constraints. As the
saying goes, "If you don't know where you're going, how will you
know when you get there?"
© Sandler Systems, Inc. All rights reserved.
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