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The 3 Things Keeping You From Connecting With Your Prospects

Posted by Mark Trinkle on Thu, Jan 28, 2021

In today's world of selling, it is increasingly more difficult to get the attention of a prospective buyer after only a few outreach attempts.

We know that they're busy but let's face it, we're all busy. So, how do you stay consistent (and persistent) in your outreach with a prospect while remaining sensitive to their daily lives and the distractions they face?

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From the dawn of time until present day, it has always been a difficult task for salespeople to be able to reach the prospects they call and email each day. They call…and they email…and they keep following up, wondering if anybody will ever do one of two things:

  1. Answer the phone.
  2. Return a voicemail/reply to an email.

While certainly not a new development in selling, engaging with prospects has become increasingly and dramatically more difficult in the last 10 years. If we go back to 2009, it took around 8-10 outreaches on average to engage with a prospect. In 2019, that number has risen to 16-18 attempts. Keep in mind that these are averages. Sometimes it takes even more attempts to get the prospect to pay attention to you.

Recently, I was leading a sales training workshop in Dallas and a high-ranking bank executive asked me why I thought the number of outreaches required had basically doubled in the last decade. In my judgment, there are three main reasons:

  1. Distraction: Prospects are busier than ever before and are constantly battling the numerous distractions that come their way. Their mobile device buzzes and they have to look. The email notification on their computer sounds and they can’t resist. Some have estimated that the typical person picks up and puts down their mobile device between 600-700 times each day.
  2. Competition: There is more of it than ever before and it’s fiercer than ever before!
  3. Commodity: The belief of the prospect that, in at least some industries, the vendor calling them and the vendor they currently use are essentially the same. The prospect just doesn’t see any meaningful difference. To them, a bank is a bank.  An insurance broker is an insurance broker.  A technology provider is a technology provider.

Of these three reasons, #3 is the most concerning (or it should be). And here's why...

If you don’t differentiate yourself from your competition by providing value, your prospect will do the differentiating for you. 

But they won’t use a measuring stick of value. They will more often than not use a measuring stick of price.

Finally, here is another sobering statistic about the world of modern day selling. While the average number of attempts has increased to 16-18, most salespeople quit after less than 5 attempts. 

Maybe they think the prospect is being rude by not replying. Maybe they think that, "in the good old days", people used to return calls. Regardless, the world has changed. Prospects are a hard fish to catch. 

You might need to be out there fishing just a bit longer than you would like.

Need Help?  Check Out Our  Sales Growth Coaching Program!

Topics: prospecting skills, sales prospecting, increase sales, contacting prospects, prospect outreach

How to Handle Difficult Prospects: Why Prospects Are Like Produce

Posted by Tony Cole on Thu, Dec 03, 2020

Years ago, while attending the Objective Management Group International Sales Conference, Dave Kurlan, president of OMG, talked about how to effectively manage opportunities through the pipeline.  He made the analogy that prospects are like fruit and vegetables in the produce section of your local grocery – they are all perishable.

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Ways of Dealing with a Difficult Prospect

Sometimes, reaching out to prospects is like pulling teeth.  

Some prospects are difficult because they don't understand the value of what you have to offer, while others simply do not want to be bothered by a salesperson right now.  

No matter the reason, you still need leads and so being able to move forward with a prospect

 

Not Every Prospect has the Same "Shelf Life"

Prospects- they have a shelf life and can have thick skin, just like fruits and vegetables.

Some of them last longer than others. 

While some produce is ripe for the picking, and others have a toughness to them.

Bananas – not so long, apples and mandarins- a little longer, potatoes and squash- they'll last the longest. 

The bottom line is that none of them last forever.  You need to either pick them now or find a way to preserve them for later.

Below, we'll give you some tips on how to help deal with some of those more difficult prospects and in hopes to get them closer to the sale.

 

How to Deal with Difficult Prospects

Practice Actively Listening

Listening is one of the most important, yet underrated forms of communication.

When people think of listening, they generally associate it with silence or not talking at all.

However, that is not completely correct.

Active listening means that you are trying to understand what someone is saying rather than just wait for your turn to talk.

It takes practice but can be a great tool for not only for your sales profession, but in any conversation in the future.

 

Practice the Beginner's Mind

The beginner’s mind — also known as the zen mind — is a strategy of approaching every situation as if you were starting from scratch.

When you open yourself up to the beginner's mind, your perspective on everything can change.

When we adopt this way of thinking, it becomes easier for us to enter conversations without any preconceived notions or prejudices about our prospects and their situations; instead focusing solely on what they are saying while putting ourselves in their shoes.

Instead of telling yourself "the prospect should have known this", or "they should have called me back by now", put yourself in the beginner's mindset and it becomes easier to recognize that no one is perfect and you can tailor your approach to better accomodate.

 

"Chunk" Your Problems

Chunking is the process of taking one big problem and breaking it into several smaller, more manageable portions.

These small pieces are easier for us to tackle because they allow our brain time-out from thinking about all those difficult details while still moving forward with progress made on previous sections!

Chunks can also be used strategically when coming up against challenging problems--chances are if given several tasks in order then maybe we'll find an issue that needs addressing immediately or at least feel less overwhelmed by responsibility alone.

 

 

Don't let Prospects Perish

Here is the point.  When going out into the market, you can find yourself wasting your time with prospects that aren’t quite ready or are already past their prime time for consumption. You may experience:

  • That the prospect is too "green"
  • They just opened a new account with their bank partner
  • Just renewed their insurance
  • Their lease expires in 11 months

If you want to close more business, more quickly at higher margins, then find the highly perishable prospects and work with them on solving their problem. Present a solution to them and get them off of the shelf.  Do not neglect the potatoes, bananas, tomatoes or green beans; continue to check on them, plant them in your database (your CRM) and, when the time comes to make potato salad, they will be ready.

 

For more online sales resources, check out some of our other sales articles over at our Sales Brew.

If interested in sales training or sales coaching, we have a dedicated professional team of sales experts that can help drive better sales performance and build better sales teams.

Contact us today to learn more!

Topics: prospecting skills, improving sales results, increase sales, qualifying sales prospects, contacting prospects

Know What You Aren't Looking for in a Prospect!

Posted by Jack Kasel on Tue, Aug 20, 2019

Prospecting isn't always the easiest task we are required to carry out in sales.  It can be daunting, monotonous, and inconsistent.  However, it must be done and it must be done well!

So, what are some ways in which you can make prospecting easier on yourself to get in front of the right people at the right time?  It all starts with knowing what you want and DON'T want in your ideal client, and being able to share this directly with your Centers of Influence in the marketplace.

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When trying to describe something obscene, William T Goldberg once said,  “I know it when I see it, and someone else will know it when they see it, but what they see and what they know may or may not be what I see and what I know, and that’s okay.” 

Confused?  Yeah, me too.

Unfortunately, many salespeople suffer the same challenges when attempting to describe what their ideal client looks like.  Why is this so important?  It eliminates wasting time (your most precious asset) and causing frustration for your Centers of Influence  (C.O.I.).

Even if trying to describe what you are looking for is challenging, it may prove helpful to first describe what you aren’t looking for

Here are some reasons why knowing what you aren’t looking for is important:

  1. It eliminates ambiguity
    • If you aren’t specific, it’s hard to get introductions. When I’m trying to make introductions for people and they are vague about what they are looking for, it makes it difficult for me to think of someone to make the introduction.
  2. It reduces frustration with your Centers of Influence
    • If you aren’t crystal clear on what you are looking for and what you are NOT looking for, your COI’s might make an introduction for you, only to find out you can’t help the person they introduced.
      1. When working with my introduction partners, I say “This is what type of business I’m looking for. Of equal importance, I really can’t help these types of businesses . . . and here’s why."
    • That brings clarity to the conversation.
  3. It reduces your opportunity cost.
    • Your opportunity cost is simply this . . . If you called on Company ABC, that means you AREN’T working on Company XYZ. Your opportunity cost is what you aren’t working on, which might be more viable for you and your organization.

So, in closing if you know what you don’t want and the reason why, it could reduce the quantity of opportunities in your pipeline, but the quality should increase dramatically.

Good luck and happy hunting.

 

Topics: qualifying prospecting, prospecting skills, centers of influence, sales prospecting


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    Anthony Cole Training Group has been working with financial firms for close to 30 years helping them become more effective in their markets and closing their sales opportunity gap.  ACTG has mastered the art of using science-based data and finely honed coaching strategies to help build effective sales teams.  Don’t miss our weekly sales management blog insights from our team of expert contributors.

     

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