Know "real" prospects. Discard false ones.
What is the difference ? A good prospects is not only qualified by you but whose commitment has been obtained by you before spending time on developing a proposal and giving a demonstration. Only then you are in control; otherwise the prospect is using you to get some free advice.
As a sales manager ...
- Dont accept "We have been given a chance to quote" but look for "the prospect has agreed to talk to us and answer our questions before we quote"
- In fact the real purpose of the introductory sales call is (1) to get an agreement from the buyer to ask questions (2) to establish a buyer-centered purpose (most important) around which future dialogues will hover (3) communicate who you are and why you are there.
- A buyer's RFP (Request for a proposal) is not a "progress signal" unless the buyer also agrees to take some action.
- Dont accept "I'm talking to the decision maker" but look for "I have understood the decision making criteria and the process."
- Dont accept "We need to be aggressive in our pricing" but look for "They're willing to pay our price, and we don't have to match the incumbent."
- Dont accept "It looks good" but look for "We have a clear commitment if our solution fits the budget we discussed."
- He expresses reasons to change his business relationships
- He understands lost opportunity of not doing business with you
- He has indicated his budget and it seems adequate
- You understand participants, criteria, timing and process of prospect's evaluation & decision process
- You have set clear agreements as to what happens if you offer a solution that addresses the prospect's pains and is within their investment expectations
Very useful information. Raghavan, TCE
ReplyDeleteSir,
ReplyDeleteThis is an interesting article, particularly for people like me from Engineering Industry. After spending effort on basic engineering and estimation, many times we find that customer has used us as a free consultant.
Thanks for this article.
Thanks for the litmus test, "motive to change needs to be discovered in the first conversation.". George Mathew SBI
ReplyDeleteThank you Sir for your useful information.
ReplyDeleteRegards,
Rakesh Morajkar,
SSI.
Great Observations Shared. will be useful for my team and me definitely. In our pursuit of Clients we waste a lot of productive time by overlooking inputs as provided in your article.
ReplyDeleteThanks.
Totally agreed! Just very recently avoided one such trap! Thanks Sir for posting this...Regards, Satish Pillai, Marketential Concepts LLC
ReplyDeleteSir, I receive maximum queries through e-mail.so i find it quite difficult to ascertain true customers. Can you tell what to do in this case?
ReplyDeletewhat do you currently do? send quotes without meeting? take brief on phone?
DeleteNice & practical approach, will also share the same with other collegues, Thanks Sir,
Delete- Anand Blouria, Dy. Manager (QS), Gammon India Ltd,
Interesting article sir,
ReplyDeleteIn our experience of B2B marketing of our Engineering products we do follow most of the above and it works. Its really essential that our team (sales force) also understands these concepts well so as to let the efforts become results.
We also on the other hand "Choose" who should be our client explicitly and then look at the GAP we can bridge and highlight the same to relevant people in their organization...
Also very important highlight i found in your blog was Dont accept "I'm talking to the decision maker" but look for "I have understood the decision making criteria and the process." It makes a world of a difference...
A nice & practical approach, thanks for sharing the same, will share this with my peers & superiors,
ReplyDeleteThanks Sir
- Anand Blouria, Dy. Manager (QS), Gammon India limited