Prospecting

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The days of asking a buyer the question, “So, what do you do?” are long gone. With so much information on the Internet these days, why is a buyer going to be perfectly fine with a meeting or phone call from a sales rep who didn’t take the extra steps to even look at their website?

Buyers expect you to know everything about their company in and out. Why? Because a buyer want a sales professional who understands their business and how it can be improved. You’ve booked the appointment with them because you know their business and believe you can help them, right? Well, please don’t ask that question otherwise you can kindly escort yourself out the door.

Preparation for a sales meeting is the beginning of the second half for sales professionals. The way you come out of that locker room is most likely going to determine the outcome of the game. With today’s buyers changing more than ever, you need to be on your A game.

According to the respondents of a recent survey conducted by Frost & Sullivan (“Americas 2010 Sales Leadership Priorities Survey”), one of the major challenges business-to-business salespeople face is responding to changing customer requirements

6 steps of preparation for today’s sales professional

To increase deals closed and meeting acceptance rates, you need to prepare. As the great Sun Tzu said in his book “The Art of War“:

“To rely on rustics and not prepare is the greatest of crimes; to be prepared beforehand for any contingency is the greatest of virtues.” 

Combining the Internet with social media, here are 6 simple steps on sufficiently preparing for your next sales meeting:

  1. Visit the website and all social media profiles before the meeting. The website is there for the basic information, however, it is critical to view the social world of your account. Social media will give you a window into the day-to-day activities of the company.
  2. Check out the latest press releases to see all of their recent announcements (product launches, new executive changes, mergers or acquisitions, new partnerships). What direction is the company heading? (Usually new press releases will be on their website)
  3. Using a search engine, perform a search on each key executive’s names. You’ll discover what organizations they’re involved in, where they speak, maybe even what they do for leisure activities. Also, take a look at their social media profiles (if they have any). Like the company social profile, this will give you a look into their day-to-day activities. Maybe they went to a rival university or enjoy the same hobbies as you. This will give your meeting a little more personality.
  4. Perform a search for all news of the company (Google News is a good search engine). Also search Google for the company’s name plus the word “competitor,” to see who their competitors are (if you don’t already know) and what’s going on with them.
  5. Read the company blog. The company blog is the voice of the corporation. Most likely, they are writing on the basis of thought-leadership in their industry or information about their company (press releases, product announcements, events, etc.).
  6. Finally, an underused section: go to the “Careers” or “Jobs” section of their site to see what jobs they’re hiring for. Do the open positions offer further insight on what departments are lacking? (increases in production, what software systems they use, what they are looking for in an employee etc.)?

Doing these things will shed light on who you’re working with. You’ll be surprised at the things you can learn leveraging just Google and the company’s website.

increase preparation productivity and close more deals with technology

If you are using the previous 6 steps to prepare for a sales meeting, I can guarantee you are already on your way to closing more deals. However, what if I was to say you can accomplish these steps in only 4 steps? Like any other tedious action-item, technology can increase your productivity and help you close more deals than ever before.

“75% of IT buyers says sales doesn’t know enough about their industry.” (IDC: “The Buyer Speaks”) 

Here are four steps to finding out who’s who at an account and what’s going on using InsideView:

  1. Visit the company profile “Overview” as well as the social media profiles and blog in the “Buzz” section before the meeting. In one platform, you have the foundation as well as the social media profiles and blog. 
  2. Go to the “Smart Agent Results or “All News” to study and learn every aspect of the company and their recent announcements (product launches, new executive changes, mergers or acquisitions, new partnerships). Impress your prospect with the knowledge of everything that is happening with the company. Smart Agents scour the Internet daily and deliver it organized to sales professionals. Utilize every aspect of this state-of-the-art tool. 
  3. Go to the “People” section to see who’s who on the executive team. [NOTE: see what InsideView's personal profiles look like by checking out Darth Vader...you'll see what I mean] There is a world of information you can gather by doing so. Using Smart Connections you can see who in your personal network you are connected to. Also, check out their social profiles.
  4. Go to the “Competitors” and “Industry Profile” this is the final and probably the most important step. You will be presented with information you won’t be able to find anywhere else on the Internet: Challenges, Trends, Call Prep Questions and Size & Structure.

conclusion

As a sales professional, preparation is absolutely crucial prior to a sales meeting. By now in your sales career I’m sure this is nothing new. However, are you efficiently using your time to research all of the key criteria? The Internet is a great place to research and find all of the information you need. However, if you want to cut your productivity in half and find the right message in real-time, I suggest you take a look at a technology such as InsideView. As you can see, I was able to easily eliminate 2 of the 6 steps using InsideView. You can too.

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Part of being a salesperson is having to stay on top of your prospects and active sales opportunities. This means that you need to make phone calls, send emails and even connect with them online to stay top of mind with the decision makers. Buyers are busy and they are getting hit from several different directs by the needs of their company as well as being contacted by other sales people.

I had a conversation with a few sales people about staying engaged with people and the discussion drove right into the topic of being pushy vs. persistent. I agree it’s a fine line and thought it would be best to ask our growing B2B sales community what they thought the difference was and if there really is ANY difference between being pushy or persistent when it comes to sales.

Bob MarshBob Marsh  This is probably one of the key things that differentiates the decent salesperson from the great ones. I’ve found that when done right, clients want persistence because your helping them keep you top of mind. I can’t tell you the number of times I kept calling/emailing a client with no response, and then when we eventually connected they thanked me for staying on top of them.

A persistent salesperson truly believes they are adding value for the client so are HELPING the client by following up with ideas, reminders, etc.

Grant EpsteinGrant Epstein I think it largely comes down to how your contact strategy affects the prospect. If your follow up it not intrusive, it is persistance. If it is instrusive or too frequent, it is pushy.

Michael A BrownMichael A Brown Interesting timing for your question. Last week I had to send this to a guy who didn’t know the difference: “(Name), persistence is OK, but harassment is not. I responded to an earlier message with ‘not yet.’ That directive stands.” In my experience, the problem arises most often when overanxious sales people try to “leapfrog” their prospect’s consideration process. Seldom can peristence expedite that process. Attention and diligence CAN help keep the process going and bring it to a successful “yes.” But woe to the marketer or sales person who ignores the prospect’s preferences and timing!

Flyn PenoyerFlyn Penoyer  Yes, one is a positive trait, the other a negative. Pushy simply indicates disrespect an and improper approach.Persistence is a necessary and respected trait in nearly everything including selling. If you are truly persistent in your selling, you will get complemented on that trait.The clue is you don’t need to be persistent to be pushy.

Dan NordquistDan Nordquist  A good deal of sheer “pushiness” comes from unrealistic sales quotas and other managerial browbeating in “boiler-room” environments. ( Such boiler rooms can exist in environments that are quite professional looking. ) Nevertheless, most cold callers have run up against the prospect who keeps postponing making a decision, and is giving mixed signals about the process of exchanging benefit info / priorities etc. If you sense that you are possibly overstepping your bounds in terms of intrusiveness, in a situation like this, you can either back off and put it in the tickler file, or say something like “If I seem aggressive it’s because you’re important” and then follow up with a question relative to something the prospect said was crucial to him/her, which has been left unresolved. Its a judgement call, based on how often you have received conflicting information, their perceived mood that day, etc.

Linda BennettLinda Bennett Hello: Pushy is obvious and redundant; persistence just shows good business drive and concern. You could develop a script that would cast your persistence in a good light.

Marc ZazeelaMarc Zazeela  Koka – Most Definitely. I think it is similar to the difference between aggressive and assertive. One is powerful, the other is annoying.

Barbara GiamancoBarbara Giamanco Absolutely! And as soon as I said it, I was thinking to myself and what is the difference. How do you spot it? What are the characteristics? If someone is following up with me on a regular basis – say every couple of weeks – because I expressed interest in their service, I’m ok with it. That to me is persistence. After all, you can’t close business if you don’t follow up consistently. Pushy for me is the salesperson who uses tactics to try and “close” me, or, as in the case of one vendor they were calling me 2 times a day. Seriously! I finally complained to the owner. Pushy feels like it is all about their agenda and not what is best for me.Not sure if I’ve defined it well enough, so look forward to what others have to say.

Jacco van der KooijJacco van der Kooij  It sits with the client to distinguish between the two, but in general I see it as follows; Persistent is when you act in the best interest of your client and sell in a way that shows empathy to him/her (e.g. do proper research, talk in her lingo, address his problem) Pushy is when you sell primarily in the best interest of yourself/your company on a timeline that suits you (this is what I got to sell, this is the benefit, have you secured budget yet?) Great interview question btw. will add it to my interview list for client facing professionals.

Ramon GarciaRamon Garcia  With your awesome pre-call planning you know that there’s a reason you think it’s a good fit. I feel as though if I don’t get a “NO” it’s still a “MAYBE”. So you can be persistent until they say “NO.” If its not a good fit you’re just being pushy.

Rini DasRini Das  Perseverance is the characteristic you should look for. Nobody has lost a sales deal because the salesperson was persistent and/or pushy and persevered. If they did not buy its because they did not like value prop or perhaps usually was not a priority. If they bought it its not because of pushy and/or persistent. suggest focus on what makes the salesperson persevere. #justsaying.

Han Geskes CTCHan Geskes CTC I consider this a difficult issue- you have no direct contact which makes it difficult to determine how your prospect or client views your message and options. I would like to a lead with a personal call and limit my e-messages.

Barbara GiamancoBarbara Giamanco @Rini – I disagree slightly. Pushy can cause someone to lose a sale. Unless maybe they are the only one who sells that particular product or service, which would be rare. Pushy to the point of “pain in the backside” has caused me to say no to someone trying to sell me something. Persistent, I respect. Pushy (as in it is all about their agenda) is offensive.

MICHAEL F. CONTI - Contact Center / UC EnthusiastMICHAEL F. CONTI reposting original response: I have said often that some sales people do not know when they are winning or losing. This can cause frustration for buyers if a) sales people keep calling and email and it is unwanted or b) sales people keep calling and have no agenda or clean reason for calling. If you not gotten signs of interest or buying and you continue to try and make contact that is frustrating for both parties. If there is an opportunity, you have a good offering and interested buyers, following up persistently and respectfully is fine.

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Pile of money on my desk

How a few shifts in your sales process can have a huge impact on sales revenue.

I read a great article on Inc. yesterday on 12 ways to increase sales. The author Geoffrey James pointed out some of the most important things a salesperson or sales manager should do to increase sales in 2012. He hit the nail on the head when it comes to why these 12 ways to increase sales revenue will work, I want to tell you how to do it in 8.

1. Reduce the number of opportunities you pursue. It’s not a numbers game. By focusing your sales energy on fewer opportunities that have a higher chance of closing, you can give these customers more of your time to move the deal along. Leveraging traditional sales drivers and trigger events you are aware of, you will know which prospects have a much higher percentage of closing.

2. Increase the percentage of time you spend selling. There will always be admin work. As a salesperson you may not have the ability to hand your busy work off to others but there are ways that you can still increase your time selling. Most sales people on average spend 10hrs a week researching prospects. By leveraging technology and sales intelligence you can cut that amount of time in half and free up some of that precious time to be talking to prospects and customers and sell more.

3. Stop buying technology because it’s cool.

Stop spending your money on the next shiny object. Invest in technology that is actually going to help you sell. Focus on tools that will provide you

  • Trigger events that effect your prospects and customers
  • Valuable connections through multiple social networks and existing business relationships
  • More personal insights that turn your CRM contacts into people you can relate to and add context around
  • Highly targeted and intelligent prospect lists

4. Terminate weak engagements–politely but immediately.

Just as your company should have a solid lead qualification process to identify new opportunities you should spend the time to disqualify deals. A sales team should know what their ideal customer looks like and focus their energy on them. If a prospect doesn’t fit the mold, quit trying to force them into it.

5. Hone your lead generation effort.

Sales people need to understand the art of lead generation is shifting to an online world. Stop waiting for your phone to ring and look for the people you can help in real time. Social networks are a goldmine for the socially savvy sales rep. If you know what you are looking for, finding new opportunities with social media isn’t difficult. For example our sales team found this update on Twitter and jumped in.

These types of updates are something your sales team needs to be on the look out for. After 24 hours, Hoovers still has not replied to Ross’s update on Twitter. Listening is key. Leveraging connections and personal insights our sales team was able to connect and help Ross with his business needs.

6. Don’t focus on the gatekeepers.

Understand who the real decision makers are. Get to know them as people instead of the contact that makes decisions at XYZ company. Stay engaged with them during the sales cycle by engaging with them outside of the actual sale. Connect with prospects on social networks and try and help them with other questions they may have and add valuable insights on their industry.

7. Stay on top of your opportunities.

Build a watchlist on your opportunities so you can be fed news and other alerts to things that are changing within their company. Leveraging technology to keep your finger on the pulse of your opportunities will insure that nothing slips by you and you can even stay a step ahead during the sales process.

8. Outflank your competition.

I say it during my speaking engagements: Be different, Be better. Your prospects are getting 100+ emails a day and called as many times a week. This tactic may work some of the time but don’t do what your competitors are doing. Stand apart from them by leveraging your connections to get the introduction, connect with the decision makers on social networks to have more engaged conversations in a medium that they are already spending time in.

It works!

Slideshare buys InsideView for Sales Intelligence

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sales productivity - voicemail

It’s a new year and you have new sales goals but you can’t dismiss the facts gathered from 2011. 92% of executives you try to contact will not return your phone call. You should already know why, unless you have an amazing reason for them to listen to your message, they will delete it in the first 5 seconds. If you don’t give them a compelling reason to spend the time to call you back then you get forgotten about.

When calling on a prospect for the first time there are some simple steps you should take to make sure they return your call.

Leveraging existing connections

When doing your 2012 prospecting, make sure you focus on people you are connected to. Your customers (if they are happy) should be willing to make introductions or serve as references to other companies that you are trying to engage with. 84% of the people you try to connect with leveraging an existing connection will respond. If there is ever a more compelling reason to stop dialing for dollars, this would be it!

A Little Research Goes a Long Way

Do your homework on the person you are calling before you pick up the phone. Stop treating the names in your CRM as contacts and start thinking about them as people. If you dont have a prospect watchlist created for your prospects, do some research on them through social media. Are they active on networks like LinkedIn or Twitter? What are they saying. I’m sure there are some good pieces of information you can gather that will give you better personal insights on them.

Warm up every cold call.

Before calling, connect with the prospect on social media or by sending them the tried and true email. Send a short, personal letter saying something like, ‘I’d like to introduce myself. I’ve noticed your company has been actively growing the size of your widget factory and I’d like t know if I can help with anything’. Make sure you enclose something of value and indicating that you’ll be calling in a few days to gauge interest. Then, promptly follow up.

Build a conversation about the prospect first.

Building from that last two, you should know about your prospect as a persona and know about their specific business needs. Using the trigger events you monitor around their company and industry coupled with what you have gathered about the individual, structure your first conversation all around them. I’m not saying to avoid a sales pitch but make sure your pitch is completely focused to them and their company. Talk about what you have discovered and see if there is anything you are missing. Highlight how your product has helped companies like theirs recently and see if they are in a position to look at it in more detail and find additional value.

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