Sales Tip for June 2008 - Volume 4

Danny Wood is a nationally known trainer and speaker on sales and sales management.

Danny specializes in working with business owners, CEO’s and senior managers to maximize the return on what is often their most underutilized resource, the sales team.

Danny’s work has been noted for providing his clients with the ability to realize millions of dollars in additional business that would otherwise have never materialized or would have been lost to competitors.

His knowledge, experience, and tremendous respect for the Sales Professional led to his being selected by NJEntrepreneur.com to be their Sales Expert.


"I have finally gained great control over the sales process in my firm."
Marc Blumenthal - Principal
Sax, Macy, Fromm

"Our staff has new confidence and much less fear."
Richard Magid - President
Soundboard, LLC

"I can’t remember the last time I heard, Boss – Our prices are too high."
John Fernandez - Owner
Signmasters, Inc

"Our sales went up 30% since we started with Danny’s program."
Jim Margiotta – President
PBI-Dansensor America, Inc.

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The One That Got Away


Telling fishing stories about "the one that got away" can be amusing. Telling sales stories about the prospect that got away are anything but amusing. Frustrating is a more appropriate description.

Fortunately, there is a big difference between fishing and selling. The chance of re-snagging the trophy-class fish that slipped the hook at the last moment is extremely small. The chance of "re-snagging" the prospect who slipped away is much greater, if you're willing to exert a little effort.

Step 1
Identify the ones that got away. Make a list of contacts who never graduated to the level of prospect. Those are the people you met who indicated some interest in your product or service or a reason to talk further, but for some reason an appointment was never scheduled. Make a list of prospects who missed or needed to reschedule an appointment, but the rescheduling never took place. In other words, identify the people who slipped the hook. Consolidate your lists into one master call list.

Step 2
Develop the justification for the calls. You'll need an opening for your phone calls. Unlike a cold call where you might use a 30-second commercial to uncover some potential pain, you only need to remind the person of your previous contact. "Bill, last month after a Chamber of Commerce meeting we had a brief chat about how my company might be able to help you with your inventory storage problem. For some reason, we never got together to further that discussion. Would it make sense for us to do that now?"

Step 3
Schedule the time to make the phone calls. Unless you schedule time to make the phone calls, the time you invested compiling your list and preparing your call was wasted time. So, schedule time to follow through and make the calls. Not "someday" or when you "get some time." Make an appointment with yourself - write it in your calendar - then, keep the appointment. Block out an hour or hour and a half on a day or two. (If your list is long, block out time on more days.)

Step 4
Make the calls! As the Nike slogan suggests, just do it. No excuses. No procrastination. Make the calls during the time scheduled. After your conversations, the people on the list should fall into one of three categories:

  • Scheduled appointments

  • Closed files

  • Clear-cut, specifically defined future action

There should be very few people in the third category - and only as a result of very special circumstances. The people on the list have put you off (at least) once; don't let them do it again.

It's OK to close files. In the long run, it's better to close the file than waste time pursuing people who aren't truly interested or committed.

Reserve "the one that got away" stories for your fishing buddies, not your sales colleagues.

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Danny Wood Enterprises, LLC
201 Route 17 North, Suite 300
Rutherford, NJ 07070
Ph: (201) 842-0055
Fx: (201) 842-0789
Danny@DWESalesGrowth.com
http://www.DWESalesGrowth.com

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