Many selling/recruiting professionals work
hard every day contacting every contact that comes their way and many times
never realizing while there may appear to be a lot of activity there, in fact
there may be little real productivity. One way to focus the activity so that it
equals productivity is to study the quality of your present customers to be
able to better identify from future prospects and qualified potential next
customer.
Analyze your present customers to determine if
you in fact have a larger percentage of your business coming from a trend of
“types” of segmentations. This trend, which most sales professionals have,
whether they realize if or not, is referred to as a “Profile.” Once a sales
professional recognizes that they tend to connect with certain types of
prospects better than others and that in fact more of their business may be
comprised of these specific types of prospects, then they can focus their
immediate energies each day to ensure that all of those like prospects are
being connected with.
Commonly referred to as the "80-20
Rule" it is purported that an Italian land owner and economist recognized
on day as he took inventory of the Italian countryside that 80 percent of the
land and wealth was held by 20 percent of the people. So too is true many times
in business, that 80 percent of our business is held by 20 percent of our
clients, COIs, VIP, and market segments. And the reverse unfortunately is true
of many unsuccessful sales professionals that they spend 80 percent of their
time with those customers that constitute only 20 percent of the business.
To accelerate ROI on your endeavors, recognize
for both your personal efforts and the organizations efforts, identify the
characteristics of the core customer base, who are they, where are they and how
many more of them are there that are not being contacted.
Examine your present customer base, analyze
the patterns and trends and commonalities among them to determine if in fact
there are some common ingredients among a pool of customers. If so, develop
this into a Profile that can serve as a map to finding more future customers
like them – as you know these are already successful users of your
organizations products or services.
This Profile is a critical turning point in
sustained successful selling, as all future marketing, advertising, promotional
and selling efforts can be fine tuned to speak to these people first. Once you
have a profile of characteristics, write them down on a sheet of paper. Now
look at each entry one at a time, a determine what the questions are that you
need to ask of every next person you meet to determine if they possess these
similar profile traits, characteristics, elements.
Now analyze within the “Sales Funnel”
(eArticle #13) how many Prospects did you have to contact to matriculate each
individual Customer? Then analyze how many suspects you had to contact to
matriculate that Prospect? Now you can tighten that contact loop and become
more proficient at contacting and working each contact to shorten that selling
process and amount of time invested to make a sale.
What are your thoughts on shortening the selling process?