Category: Top » Business » Entrepreneurship » Growth-topics »


Author: markwinder | Total views: 52 Comments: 0
Word Count: 922 Date: Wed, 27 Feb 2008 10:37 AM

How To Un-Stick Your Sales Efforts And Get Back To Sales Success!

Have you noticed lately that your sales have hit a plateau? Or worse, have your sales started to slide a little - even though you seem to have a full sales funnel or pipeline of prospects and potential customers?

This is something I see quite frequently. I often get my customers asking me, "how can I move customers more effectively through my sales funnel or pipeline?"

They generally find my answer to be quite shocking: I recommend that they get rid of their prospects.

Well... let me explain what I mean by that.

When we look at the concept of what a pipeline, or sales funnel is, we notice that the main idea of the funnel is to turn suspects and prospects into customers. The general notion is that we put a large number of suspects and prospects into the top of the funnel, and by having them participate in our sales process, we turn them into a steady stream of customers out the bottom.

However, from time to time, the stream of customers coming out the bottom of the funnel seems to dry up - even when we have what appears to be a good portion of prospects and suspects swimming around in the top.

From a conceptual point of view, the funnel is clogged!

And just like a real funnel that we would use in our kitchen, if it gets clogged, then nothing flows out of the spout at the bottom. And when that happens, the top of the funnel tends to overflow and become unmanageable.

When this happens to us in business, we need to address the problem in a similar way as we would in the kitchen: clear the clog. And I'd say that 90% of the times I see this happen with my clients, the clog is caused by old, stale leads that will never convert to sales.

So if the simple solution is to remove these leads from your funnel, why doesn't everybody just do it? Because this is easier said than done.

Generally the leads and prospects that are clogging up the funnel are the sorts of prospects who really make you think they might purchase something from you. They tend to say all the right things, they often give off all the 'right' buying signals, and they generally make you think they are right on the cusp of making that purchase - and more importantly, making that purchase from you!

And as a business person who's trying to make that sale, it's altogether too easy to think to yourself: "Well this is a 'sure thing', I can't just ignore them, after all, this person is essentially my newest customer!"

But they're not.

They're what I call: the "infinite maybe". They never commit to a sale, but they never tell you "no" either. They want to keep you on the hook, just in case they finally make that decision to buy. Generally there are one of two reasons people do this. First off, they are unable - or just don't like - to say, "no". Or secondly, they want to have constant, quick and free access to your expertise and advice. So while you're probably thinking they're your next customer, they're actually one of your business's worst enemies.

Why? Because they tie up and waste your time, energy and resources. Valuable time, energy and resources that you could otherwise be using on prospects who actually DO want to buy your products and services. But because you're spending your efforts on these "infinite maybe's", you don't have the time and resources to talk to these new prospects, because you're too busy spending it all on the "sure things" in your funnel.

They key here is to recognize when you're spinning your wheels with an "infinite maybe" and get them out of your active sales cycle as soon as possible. The best solution for these prospects is to place them in an automatic follow-up marketing campaign. That way you can keep in touch with them, feed them information, and provide them with an opportunity to contact you if-and-when they are ever ready to buy.

The benefits of taking them out of your active sales cycle are two-fold.

First off, you're no longer wasting your time and energy on a person who is not going to (immediately) become your customer. Second, you free up your time and energy to talk to people who ARE ready to become your customer in the short term.

It's what Catherine Ponder referred to as "The Vacuum Law of Prosperity", in her book 'The Dynamic Laws of Prosperity'. Essentially she states that, in order to grow, "there must be constant elimination of the old to keep pace with this growth. When you cling to the old, you hinder your advance or stop it altogether." In other words, if you don't make space for them, you won't have any way to help new prospects move through your sales process and become customers.

So even though it may initially seem like a contrary solution, removing these stale leads from your active sales cycle is often the solution to "unclogging" your sales funnel. Thus allowing your sales strategies and tactics to work properly to bring fresh prospects into your business - and ultimately, fresh customers and sales.

About the Author

Mark Winder, the Sales Made Simple Coach, helps entrepreneurs and self-employed professionals aim higher and achieve more. Winder is the author of "Mark Winder's Sales & Marketing Bootcamp", and the free audio seminar, "The 20 Sales Secrets of Top Entrepreneurs".




Rate, comment or bookmark this article

Seed Newsvine

Rating: Not yet rated

Bookmark this article in your preferred program
AddThis Social Bookmark Button

Comments RSS

No comments posted.

Add Comment

Your Name:


Your Email:


Comment

Enter the code shown

Visual CAPTCHA



Popular Articles in this cathegory

1: Advantages and Disadvantages in Business Structure - Is an S-Corp and an LLC Right For You?
Small and Home Businesses need to address structure at the onset and during growth. Choosing a structure as an S-corporation or LLC should be based on the clear differences as discussed in this article.

2: 7 Effective Ways To Increase Your Profit Margins
Your profit margin is the money you have left over after accounting for all your costs. This is the cash in your pocket, the real money you get to keep. This is the ultimate figure you want to make larger, and when you focus more specific attention on this magic number, you have a more clear-headed way of making it bigger.

3: Restaurant Strategy Plan: A Vital Part of Any Business
Having a restaurant strategy plan is a vital part of running a successful business. It will help you stay focus and meet your goals quicker and easier while increase your revenue in the process. It will also help you avoid many of the common mistakes made by entrepreneurs when starting up a new company that can cause their business to fail.

4: Biodiesel: The Pros and Cons
The green movement is developing new technologies that may create new markets. One of them is biodiesel. Industries will soon be affected positively or negatively by this emerging technology depending on where they fall in the supply chain. The author warns: Companies must prepare for the changing business environment that will result with the proliferation of green technology. Be a winner!

5: Colors, Personality Study Made Simple
There are only four different personality types. Although they are called by a variety of names, it still remains only four categories. I'm sure you've heard the names like Phegmatic, Sanguine, Melancholy or Caloric? Also Ruby, Emerald, etc.
The personality studies have...


Creative Commons License
This article is licensed under a Creative Commons Attribution-Noncommercial-No Derivative Works 3.0 License.
Spanish taslation