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If you're selling a product or service the prospect is already
buying from another company, there are two major roadblocks you
must remove. The first is the relationship the prospect has with
the current supplier or provider. Not the company or the
salesperson, but the relationship. Providers of professional
services such as banking, insurance, accounting, engineering,
and consulting face this roadblock regularly.
Have you noticed the correlation
between the number of people in your sales funnel and the amount
of your commission checks? For many salespeople, it's an inverse
relationship: the more people in the funnel, the less the amount
of commission.
Your objective is to keep the funnel
flowing. When your funnel is flowing, you're earning commission; when the funnel is clogged (with suspects masquerading
as prospects), you're not.
So, how do you keep the funnel
flowing? Eliminate the stutter steps. For each prospect in the
funnel, you have only two choices: close the sale if the
prospect is qualified or close the file if the prospect isn't
qualified. Anything between these two actions is likely to be a
stutter step.
What are stutter steps?
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The extra meetings required because
there wasn't a clear-cut agenda for the initial meeting that
spelled out exactly what was to be discussed
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The extra phone calls to request
information you should have obtained during the face-to-face
meeting, but were uncomfortable or afraid to ask for
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Sending "pre-approach" letters and
literature to prospects as a way to avoid making prospecting
calls
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Doing busy work that keeps you
occupied, but doesn't put sales on the books or commission in
your pocket
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"Following up" with prospects
(actually, suspects) who insist that they are "interested" even
though no clear-cut business opportunities have been identified
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Working on a presentation before
budget issues and the prospect's decision process have been
nailed down
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Allowing prospects to string you
along with a "think-it-over" rather than giving them permission
to say "no" so you can move on to more viable opportunities
Eliminate the stutter steps and keep
your prospect funnel flowing. You only have so much time and so
many resources to develop selling opportunities. Make sure you
are investing them with prospects that deserve them --- and that
can take you to the bank.
© Sandler Systems, Inc. All rights reserved.
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