<?xml version='1.0' encoding='UTF-8'?><?xml-stylesheet href="http://www.blogger.com/styles/atom.css" type="text/css"?><feed xmlns='http://www.w3.org/2005/Atom' xmlns:openSearch='http://a9.com/-/spec/opensearchrss/1.0/' xmlns:georss='http://www.georss.org/georss' xmlns:gd='http://schemas.google.com/g/2005' xmlns:thr='http://purl.org/syndication/thread/1.0'><id>tag:blogger.com,1999:blog-5000552251316043022</id><updated>2011-07-30T18:25:27.270-06:00</updated><category term='sales opportunities'/><category term='prospects'/><category term='business'/><category term='Script'/><category term='Power Selling Magazine'/><category term='lists'/><category term='List Broker'/><category term='contacts'/><category term='fortress building'/><category term='ideal customers'/><category term='goals'/><category term='nurturing relationships'/><category term='active lead generation'/><category term='Project Manager'/><category term='x factor'/><category term='Qualified Decision Maker'/><category term='manners'/><category term='trust relationships'/><category term='listening'/><category term='Clients'/><category term='wanters'/><category term='sales'/><category term='marketing'/><category term='image'/><category term='first impressions'/><category term='prospecting'/><category term='buyers'/><category term='questions'/><category term='phone calls'/><category term='database'/><title type='text'>Winning Lead Generation</title><subtitle type='html'>. . . because connecting with the right people is what makes a good business great.</subtitle><link rel='http://schemas.google.com/g/2005#feed' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/posts/default'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default?max-results=100'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/'/><link rel='hub' href='http://pubsubhubbub.appspot.com/'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><generator version='7.00' uri='http://www.blogger.com'>Blogger</generator><openSearch:totalResults>18</openSearch:totalResults><openSearch:startIndex>1</openSearch:startIndex><openSearch:itemsPerPage>100</openSearch:itemsPerPage><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-2042632144340897483</id><published>2011-03-07T13:00:00.000-07:00</published><updated>2011-03-07T13:00:05.349-07:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='ideal customers'/><category scheme='http://www.blogger.com/atom/ns#' term='active lead generation'/><category scheme='http://www.blogger.com/atom/ns#' term='nurturing relationships'/><category scheme='http://www.blogger.com/atom/ns#' term='lists'/><title type='text'>Marketing Challenges</title><content type='html'>&lt;p&gt;Despite the competitors in your market you don‘t lack opportunity to enjoy significant growth. Capitalizing on opportunity is your marketing challenge. That is what I’d like to talk about today.&lt;br /&gt;&lt;br /&gt;In B2B selling, there are two general marketing approaches for generating additional business. One is asking for volunteers, the other is interviewing prospects and asking the ones that meet your criteria to do business with you. Here’s what I mean by that.&lt;br /&gt;&lt;br /&gt;Advertising, trade shows, email campaigns, bill boards, the yellow pages, etc., all ask businesses to volunteer to become customers. In that sense, it’s passive. Each of these methods requires the prospect to initiate the sales process by contacting you.&lt;br /&gt;&lt;br /&gt;What’s wrong with that? I can think of two things: if it really worked you wouldn’t have a marketshare problem, and you have no control over how many ideal customers you end up with.&lt;br /&gt;&lt;br /&gt;If you are familiar with the Pareto Principle (the 80/20 Rule) you understand that results are not evenly distributed. Certain customers, about 20% of them, are more valuable than others because they provide 80% of your best business. These are your ideal customers. Think about it, the more ideal customers you have the more you make because you are maximizing revenues and minimizing cost of goods sold at the same time.&lt;br /&gt;&lt;br /&gt;Now, consider this. If 20% of your existing customersare ideal, what would be the impact on profits, and the new worth of your business, if over the next few years you could grow your ideal customer base to 25% or 30%?  You can do that and we can help.&lt;br /&gt;&lt;br /&gt;If what you’re doing is working for you and your content, then stop reading. If you’d like more though, then why not read on.&lt;br /&gt;&lt;br /&gt;If the 80/20 rule works for you, I’ll bet it works for you competition too. If you are willing to look at the possibility of modifying your marketing approach you can begin gathering up your competition’s ideal customers. Here’s how.&lt;br /&gt;&lt;br /&gt;The process begins with defining exactly who your ideal customers are. That description can then be used to generate an ideal prospect list. Use the list to find, contact and prioritize your ideal customers. If it were me, I wouldn’t leave finding my ideal customers to chance. Sending out emails and elaborate sales advertisements will not motivate change. One and one contact does. Exactly how all of that happens can be flexible, but the next step isn’t. You absolutely must build a relationship with your customers and prospects. Why? Because although they may fit your ideal customer profile most will not be ready to buy from you the first time you talk to them. &lt;a name="_GoBack"&gt;&lt;/a&gt;But,&lt;/p&gt;&lt;p&gt;&lt;br /&gt;The more contact they have with you,&lt;br /&gt;The more you know about their buying and service needs,&lt;br /&gt;The more you know about why they are dissatisfied with their current supplier,&lt;br /&gt;The more comfortable they are with you,&lt;br /&gt;The more you are in a position to step in when it is time to make the big sale.&lt;br /&gt;&lt;br /&gt;The added effort puts you above most of your competition and makes you ideal to the customers you most want to reach.&lt;br /&gt;&lt;br /&gt;Good business is built on good business relationships and those are people fueled not advertising fueled. You don’t need to attract all of the competition’s clientele. You only want to pick out the most ideal for your business and entice them to see you as their ideal as well. Give active marketing a try. &lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-2042632144340897483?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/2042632144340897483/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2011/03/marketing-challenges.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/2042632144340897483'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/2042632144340897483'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2011/03/marketing-challenges.html' title='Marketing Challenges'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-5669923198844561469</id><published>2011-02-28T13:39:00.001-07:00</published><updated>2011-02-28T13:39:00.583-07:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='image'/><category scheme='http://www.blogger.com/atom/ns#' term='ideal customers'/><category scheme='http://www.blogger.com/atom/ns#' term='marketing'/><category scheme='http://www.blogger.com/atom/ns#' term='first impressions'/><category scheme='http://www.blogger.com/atom/ns#' term='nurturing relationships'/><title type='text'>Getting Everyone Involved in Marketing</title><content type='html'>We’ve talked before about making sure everyone in your company has a clear idea of your mission, purpose and target markets.  Why is this so important?  Because marketing is a whole company effort.  It doesn’t just become the job of your marketing specialist or your sales people.  Every employee who has contact with your customers and prospects portrays a marketing image to those they encounter.  That includes any contract help you employ, such as a lead generating company.&lt;br /&gt;&lt;br /&gt;Everyone who comes in contact with the customer has an influence on whether or not they will buy and what your business relationship with them will be.  It doesn’t matter if it’s the guy who waters the plants or the girl who sends out the sales invoices.  If your prospect comes in contact with them they are selling some aspect of your company.&lt;br /&gt;&lt;br /&gt;Every employee needs to be inspired and motivated to present their best side and help others see what excites them about their company.  Who has the greatest of these responsibilities?  You as the company owner.  You are the foundation on which each of your employees will build.  If you want happy employees and customers it has to come first from you.&lt;br /&gt;&lt;br /&gt;Remember what we said about brand loyalty: basically, it doesn’t exist.  There can be substantial loyalty to a provider or vendor, but there typically isn’t blind loyalty to the brand as a whole.  This is what you need to focus on.  A customer’s loyalty is generally focused on the company, not the brand of the product.  Even if it is there, loyalty to a brand will not stop you from taking business away from the competition.&lt;br /&gt;&lt;br /&gt;Go back to those basic definitions of what you want and what your company does.  Find the things that excite you most and share them with the employees around you.  Once you, and everyone you work with, have a firm understanding of the company goals and mission, as well as the message you want to present to your ideal customers, they can learn to walk the marketing walk and talk the marketing talk.  Part of that is definitely presenting a positive face and sincere interest in helping the customer.&lt;br /&gt;&lt;br /&gt;So, what are you and the rest of your employees marketing with your first impressions?&lt;br /&gt;It should be:&lt;br /&gt;Happiness&lt;br /&gt;Sincerity&lt;br /&gt;Satisfaction&lt;br /&gt;Honesty, and&lt;br /&gt;An honest desire to provide high quality service.&lt;br /&gt;&lt;br /&gt;Though they might seem small, these are crucial aspects of prospecting.  When Ekstrom and Associates calls leads on your behalf, we represent your company and your company’s vision.  We take your marketing vision and your focus then find the ideal customers who can share that vision with you.  Lead Generating is a best-foot-forward effort.  What great first impression can we make for you?&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-5669923198844561469?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/5669923198844561469/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2011/02/getting-everyone-involved-in-marketing.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5669923198844561469'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5669923198844561469'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2011/02/getting-everyone-involved-in-marketing.html' title='Getting Everyone Involved in Marketing'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-7674138540545222131</id><published>2011-02-21T13:15:00.001-07:00</published><updated>2011-02-21T13:17:07.673-07:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='ideal customers'/><category scheme='http://www.blogger.com/atom/ns#' term='listening'/><category scheme='http://www.blogger.com/atom/ns#' term='trust relationships'/><category scheme='http://www.blogger.com/atom/ns#' term='nurturing relationships'/><title type='text'>Building Customer Fortresses</title><content type='html'>What types of customers make working with them both profitable and a pleasurable?  Those that are easy to work with, pay on time, as well as understand and value your services.  This doesn’t describe every customer, but it does describe your ideal customers.  These are the customers you want to build secure fortresses around.  You want to keep them focused on your relationship, not what your competition is doing.&lt;br /&gt;&lt;br /&gt;How can you do that?  Well, some of the most basic things are the same traits you value in them.  Make yourself easy to work with, deliver what you promise and deliver it on time, understand your customer’s needs and let them know that you value their business.  For every step you take to improve your relationship with those valued customers, you are building a protective wall around them that your competition can not permeate.&lt;br /&gt;&lt;br /&gt;Though it can be years in the making, your ultimate goal with these prospects is to create a true partnership of trust and shared experiences.  It’s a nurturing and security building process that begins in your first contact experiences and expands with each interaction.  When you’ve done your job right, it will take a lot for your competition to steal that customer away from you.&lt;br /&gt;&lt;br /&gt;Here’s what you’re building at each level of your customer fortress.&lt;br /&gt;&lt;br /&gt;Beginning relationships are determined by your customer’s needs and the value you bring to the relationship.  You become a legitimate provider of the products or service they need. Initially, you are not normally recognized as having any significant, sustainable, competitive edge over alternative companies.&lt;br /&gt;&lt;br /&gt;As you continue working with a customer, learning to more fully understand their needs, customers come to see you as a favored source they can trust their business to.  At this point you have successfully progressed from just being an approved vendor.  Because you are known and have proven yourself in past business activities they will normally seek you out even in the face of competitor alternatives.&lt;br /&gt;&lt;br /&gt;The next level is where your patterns of listening and diligently striving to put your customer’s need above your sales pitch begin to pay off.  Based on the combination of the products and services you offer, and the value-added knowledge or services you offer, your customers view you not only as a vendor, but also as a consulting resource on how to best use the products or services you specialize in.&lt;br /&gt;&lt;br /&gt;You are beginning the change over from asking, “What can I help you with,” to your customer coming to you and saying, “I have a problem and I want your input.” You have shown you care about meeting their business needs, so they continue coming to you with problems they know you can help solve.  Even so, it becomes important to remember that listening always comes before selling.  If you become over confident thinking the customer is an “easy sale”, you will diminish their trust in you.&lt;br /&gt;&lt;br /&gt;Assuming that you have identified the economic value of your customers and have done all that you can to earn their trust and respect over the years; you still haven’t reached your ultimate goal.  You are never done adding value to the relationship but now you and the customer need to look toward the future.  Can your customer feel secure enough in your business relationship to begin looking beyond current needs to future business objectives?  Above and beyond the products and services you offer, do they see you as a source of strategic planning assistance for dealing with broader-based challenges they face.&lt;br /&gt;&lt;br /&gt;The customer’s belief base in the relationship creates ultimate trust.  Years down the road you will continue to be seen as a long-term partner whose contributions-- products, insights, process, etc. are critical to the customer’s long-term success.  As long as you stay true to the knowledge and service they have come to expect from you, they will turn to you as a source of help in developing and building their own business.&lt;br /&gt;&lt;br /&gt;In this type of relationship you have effectively completed a fortress around your customer relationship.  They may be aware of the competition, but they hold very little attraction for your customer.  It is you, your value, and the trust that has built between you, that keeps them from straying not the product or price you offer.&lt;br /&gt;&lt;br /&gt;It all goes back to the two questions.  Why are you in sales and why is a prospect/customer buying?  The best businesses know the answers to both and they’ve worked to form long-term trusted partnerships with those prospects whose needs and desires best compliment their own.&lt;br /&gt;&lt;br /&gt;And the bottom line?  As you move up, from step to step, through the customer relationships, building partnership fortresses, those customers will buy more stuff from you.  In our experience it’s about a 20% increase.  See, I told you money was part of it.&lt;br /&gt;&lt;br /&gt;Sales, and generating sales leads, are about building relationships that make you money and keep making you money.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-7674138540545222131?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/7674138540545222131/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2011/02/building-customer-fortresses.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/7674138540545222131'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/7674138540545222131'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2011/02/building-customer-fortresses.html' title='Building Customer Fortresses'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-4925721120786560175</id><published>2009-06-09T13:51:00.002-06:00</published><updated>2009-06-09T13:53:36.522-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Script'/><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='listening'/><category scheme='http://www.blogger.com/atom/ns#' term='sales'/><category scheme='http://www.blogger.com/atom/ns#' term='questions'/><title type='text'>Learning to Listen</title><content type='html'>&lt;p class="MsoNormal"&gt;If I were to ask you about the basic personality type that makes a good sales person, what would you say?&lt;span style=""&gt;  &lt;/span&gt;How well does that reflect the type of person you are?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;It might be that you thought of a good personality match for sales as being someone who is outgoing, well-spoken and who loves interacting with others.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Think of the most outgoing, well-spoken, people-person you know.&lt;span style=""&gt;  &lt;/span&gt;Is he in sales?&lt;span style=""&gt;  &lt;/span&gt;Do you like him or not?&lt;span style=""&gt;  &lt;/span&gt;Why?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;It is important to make a distinction here.&lt;span style=""&gt;  &lt;/span&gt;There is a difference between being a people-person and a me-person.&lt;span style=""&gt;  &lt;/span&gt;It seems obvious, doesn’t it?&lt;span style=""&gt;  &lt;/span&gt;But sometimes people get confused between liking to be around people and liking people.&lt;span style=""&gt;  &lt;/span&gt;The best “good-with-people” people have very little to say about themselves and often don’t want to be the center of attention.&lt;span style=""&gt;  &lt;/span&gt;They’d much rather hear about you and support your good efforts than promote their own agendas.&lt;span style=""&gt;  &lt;/span&gt;Interesting isn’t it?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;What does that have to do with prospecting and sales?&lt;span style=""&gt;  &lt;/span&gt;Well, Hal Becker puts it this way:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Selling is asking, NOT telling.&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Selling is listening, NOT talking.&lt;/p&gt;  &lt;p class="MsoNormal"&gt;(Hal Becker, &lt;i style=""&gt;Can I Have 5 Minutes of Your Time&lt;/i&gt;, Morgan and James Publishing, 2008, pg. 7)&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Let’s make that more specific.&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting is asking, NOT telling.&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting is listening, NOT talking.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;The same social skills that apply to developing any relationship definitely apply to prospecting and sales.&lt;span style=""&gt;  &lt;/span&gt;The people you most want to know may not be the most prominent.&lt;span style=""&gt;  &lt;/span&gt;They’re the people who make you feel like you matter most and they truly care about your happiness and success.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting is the same thing.&lt;span style=""&gt;  &lt;/span&gt;You are looking for relationships, problems you can help the prospect with and expressing genuine concern for their needs and interests.&lt;span style=""&gt;  &lt;/span&gt;Not trying to get them to care about your need to sell a certain quota or how great you think your product is.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;When you’re prospecting call is over your goal is to have a new Highly Qualified Prospect. What makes them highly qualified?&lt;span style=""&gt;  &lt;/span&gt;They are ready to buy and you can help them solve their problems with your product.&lt;span style=""&gt;  &lt;/span&gt;You are looking for synergistic relationships and good matches not another sales number.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Before you can get them to listen to you, you’d better have done a significant amount of listening to them.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;So, let’s go back to communication 101 and learn about listening.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Shut out distractions and give the prospect your full attention.&lt;span style=""&gt;  &lt;/span&gt;Do your best to keep things quiet on your end of the line so that both of you can focus better.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;If a customer is talking, it’s a time to listen, not plan what you will say next.&lt;span style=""&gt;  &lt;/span&gt;You already have a planned script to help you with your end of the conversation, concentrate on understanding their side.&lt;span style=""&gt;  &lt;/span&gt;When we talked about &lt;a href="http://theprospectingpeople.blogspot.com/2009/05/creating-effective-script.html"&gt;scripting&lt;/a&gt;, we talked about planning ahead to direct the conversation.&lt;span style=""&gt;  &lt;/span&gt;Remember that’s not planning ahead to turn the conversation back to you, but to anticipate what you can ask the prospect that will help you both.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Listen, try to anticipate the direction the speaker is going and use your script to help you quietly direct the conversation.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Don’t interrupt.&lt;span style=""&gt;  &lt;/span&gt;Don’t finish thoughts or ideas for them.&lt;span style=""&gt;  &lt;/span&gt;You aren’t a mind reader and you’ll annoy them if you try to act that way.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Ask questions that go beyond “yes” or “no” answers.&lt;span style=""&gt;  &lt;/span&gt;You may not get the full picture that way.&lt;span style=""&gt;  &lt;/span&gt;But remember to stay focused on information you need to understand and help them.&lt;br /&gt;&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Encourage the prospect to talk by using verbal interjections that show you are listening “Yes, I see,” and “Please, go on.”&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Don’t act like you understand when you don’t. &lt;span style=""&gt; &lt;/span&gt;Verify information or points you may have missed.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Remember, an individual fact may not be as important as the overall message.&lt;span style=""&gt;  &lt;/span&gt;Do you understand &lt;i style=""&gt;why&lt;/i&gt; the prospect is saying something, not just &lt;i style=""&gt;what&lt;/i&gt; they may be saying?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Validate what the prospect is saying as important.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Sum things up-- for you, and the prospect.&lt;span style=""&gt;  &lt;/span&gt;Restate what you have concluded are the most valid points, it sticks in your brain better and gives the prospect a chance to confirm you are understanding their needs.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Remember to record pertinent information in your &lt;a href="http://theprospectingpeople.blogspot.com/2009/05/your-prospect-and-client-database.html"&gt;Marketing and Sales Database&lt;/a&gt; while you are talking or very soon after.&lt;span style=""&gt;  &lt;/span&gt;Don’t let the information get jumbled or forgotten.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;The next time you think about the personality and character traits it takes to be a good sales person, remember your goal is to be a people-person, not a me-person and listening to others more than you talk is a great way to show that.&lt;span style=""&gt;  &lt;/span&gt;Besides, good listening is always a good idea.&lt;span style=""&gt;  &lt;/span&gt;Thankfully, practice makes perfect.&lt;span style=""&gt;  &lt;/span&gt;Practice listening more and talking less in every encounter: prospects, coworkers, friends and family.&lt;span style=""&gt;  &lt;/span&gt;Soon it will become second nature and you’ll become one popular guy.&lt;span style=""&gt;  &lt;/span&gt;Not because you’ve told people how wonderful you and your product are, but because you’ve made people feel wonderful about themselves.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-4925721120786560175?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/4925721120786560175/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/06/learning-to-listen.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/4925721120786560175'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/4925721120786560175'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/06/learning-to-listen.html' title='Learning to Listen'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-2272924931041421105</id><published>2009-06-01T06:11:00.001-06:00</published><updated>2009-06-09T13:51:09.581-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='prospects'/><category scheme='http://www.blogger.com/atom/ns#' term='fortress building'/><category scheme='http://www.blogger.com/atom/ns#' term='trust relationships'/><title type='text'>The Objective of Prospect Relationships</title><content type='html'>&lt;p class="MsoNormal"&gt;Why do you really want additional customers?&lt;span style=""&gt;  &lt;/span&gt;No, really—I’m serious.&lt;span style=""&gt;  &lt;/span&gt;What is it that drives you to seek out new prospects and new business opportunities?&lt;span style=""&gt;  &lt;/span&gt;When was the last time you really thought about your reasons for being in sales?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;There are all kinds of reasons, and yes, money is one of them.&lt;span style=""&gt;  &lt;/span&gt;That can’t be overlooked.&lt;span style=""&gt;  &lt;/span&gt;But, I’m betting there are other reasons outside of that paycheck which keep you coming back to work and back to nurture your business every day.&lt;span style=""&gt;  &lt;/span&gt;There are things in this life that are worthwhile to be passionate about and one of those things, I hope, is your business.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Now, turn the tables.&lt;span style=""&gt;  &lt;/span&gt;What is it that drives a customer to buy your product or service?&lt;span style=""&gt;  &lt;/span&gt;Why would they choose your company over the next guy’s?&lt;span style=""&gt;  &lt;/span&gt;Is it about passion for them as well?&lt;span style=""&gt;  &lt;/span&gt;Probably, just not about the exact same things you are passionate about.&lt;span style=""&gt;  &lt;/span&gt;The trick is finding out how the two of you fit together.&lt;span style=""&gt;  &lt;/span&gt;Like any good relationship, a customer relationship can and should be about more than money.&lt;span style=""&gt;  &lt;/span&gt;It’s about finding a good fit and a synergistic relationship.&lt;span style=""&gt;  &lt;/span&gt;It’s about respect and value that goes beyond dollar signs.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;I talked a little bit about this when I encouraged you to &lt;a href="http://theprospectingpeople.blogspot.com/2009/04/what-are-you-really-looking-for.html"&gt;define your ideal client&lt;/a&gt;.&lt;span style=""&gt;  &lt;/span&gt;To be successful, you need a very good understanding of your own drives and motivations and an even better understanding of your prospective client’s drives and motives.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;First, let’s realize a general assumption.&lt;span style=""&gt;  &lt;/span&gt;There are two kinds of prospects: new and seasoned.&lt;span style=""&gt;  &lt;/span&gt;What do I mean by that?&lt;span style=""&gt;  &lt;/span&gt;Basically, you will encounter two different types of consumer.&lt;span style=""&gt;  &lt;/span&gt;The first – new – is a new player.&lt;span style=""&gt;  &lt;/span&gt;They are new to the need for your type of service.&lt;span style=""&gt;  &lt;/span&gt;They are start up companies or those who are learning a new way of doing things.&lt;span style=""&gt;  &lt;/span&gt;(Think Grandma shopping for her first cell phone.)&lt;span style=""&gt;  &lt;/span&gt;The second – seasoned – have been in the game for a while.&lt;span style=""&gt;  &lt;/span&gt;They know what their needs are, they know how and what they want to buy, and they’ve done it all before.&lt;span style=""&gt;  &lt;/span&gt;(Think about the teenage grandson Grandma brought shopping with her who is one his fifth cell phone.)&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;New and seasoned prospects have to be approached differently but your end goals are the same.&lt;span style=""&gt;  &lt;/span&gt;You both want a positive outcome to your buying and selling relationship.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;I’ll focus for just a minute on the seasoned prospect.&lt;span style=""&gt;  &lt;/span&gt;Why?&lt;span style=""&gt;  &lt;/span&gt;It’s a matter of logistics.&lt;span style=""&gt;  &lt;/span&gt;They’re the ones you’ll encounter most often and the biggest question you’ll have is: are they buying from me or my competition?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Having completed millions of prospecting activities, we have learned a thing or two from the tens of thousands of sales opportunities we’ve generated at &lt;a href="http://www.theprospectingpeople.com/"&gt;Ekstrom and Associates&lt;/a&gt;. Among these things is the fact there is relatively little complete brand loyalty.&lt;span style=""&gt;  &lt;/span&gt;There can be substantial loyalty to a provider or vendor, but there typically isn’t blind loyalty to the brand as a whole.&lt;span style=""&gt;  &lt;/span&gt;This is what you need to focus on.&lt;span style=""&gt;  &lt;/span&gt;A prospect’s loyalty is generally focused on the company, not the brand of the product.&lt;span style=""&gt;  &lt;/span&gt;Even if it’s there, loyalty to a brand will not stop you from taking business away from the competition.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting always works, and if you want to go after your competitors’ best clients there isn’t a better tool.&lt;span style=""&gt;  &lt;/span&gt;What percentage of your existing clients left you and your company in the past five years?&lt;span style=""&gt;  &lt;/span&gt;It’s likely that your competition suffered the same loss.&lt;span style=""&gt;  &lt;/span&gt;Your ability to prospect, among other things, allows you the opportunity to learn firsthand, from your competition’s clients themselves, how dissatisfied they are with your competition.&lt;span style=""&gt;  &lt;/span&gt;Use that knowledge to draw them away from your competition to you.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;In order to take opportunities away from the competition you must be willing to step up to the plate where these seasoned buyers are telling you they have dissatisfactions.&lt;span style=""&gt;  &lt;/span&gt;You need to know your ideal customer: their drives and passions and be willing to foster a relationship based on their needs.&lt;span style=""&gt;  &lt;/span&gt;You look for additional services to provide that show your company is passionate about they’re needs.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;First, you look for and fill an immediate need, then you work to keep these people by building a fortress around your relationship.&lt;span style=""&gt;  &lt;/span&gt;These efforts: taking the most attractive clients away from your competition, and guiding you in building a fortress around them are what &lt;a href="http://www.theprospectingpeople.com/"&gt;Ekstrom and Associates&lt;/a&gt; specializes in.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;It can be that simple.&lt;span style=""&gt;  &lt;/span&gt;Build a stout fortress around your most valuable clients and tear down the fortresses your competitor’s have built.&lt;span style=""&gt;  &lt;/span&gt;It doesn’t make economic sense to take 10 great clients from your competition and lose 10 great clients in the process.&lt;span style=""&gt;  &lt;/span&gt;Let them know how much you value their business.&lt;span style=""&gt;  &lt;/span&gt;If you don’t show them they are a valued customer, they will find a company who will.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-2272924931041421105?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/2272924931041421105/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/06/objective-of-prospect-relationships.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/2272924931041421105'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/2272924931041421105'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/06/objective-of-prospect-relationships.html' title='The Objective of Prospect Relationships'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-5180313052724566981</id><published>2009-05-27T14:56:00.002-06:00</published><updated>2009-05-27T14:59:43.417-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='prospects'/><category scheme='http://www.blogger.com/atom/ns#' term='contacts'/><category scheme='http://www.blogger.com/atom/ns#' term='manners'/><category scheme='http://www.blogger.com/atom/ns#' term='phone calls'/><category scheme='http://www.blogger.com/atom/ns#' term='x factor'/><category scheme='http://www.blogger.com/atom/ns#' term='database'/><title type='text'>More Things to Consider Before You Pick Up the Phone</title><content type='html'>&lt;p class="MsoNormal"&gt;How the script is delivered (acted out) is just as important as what is said in the script.&lt;span style=""&gt;  &lt;/span&gt;Your voice and mannerisms need to be just as personable as your words.&lt;span style=""&gt;  &lt;/span&gt;What can you do to improve your calls outside of the script?&lt;span style=""&gt;  &lt;/span&gt;Here are a few things to consider.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Ideally, the goal of your script should be to have a conversation.&lt;span style=""&gt;  &lt;/span&gt;Not a long conversation, but a conversation nonetheless.&lt;span style=""&gt;  &lt;/span&gt;In the past 20 years we have written hundreds of scripts and delivered them millions of times.&lt;span style=""&gt;  &lt;/span&gt;Regardless of the script’s subject the most successful scripts are always conversational.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Maximize productivity during your calling time.&lt;span style=""&gt;  &lt;/span&gt;When you are working efficiently you should be making approximately 30 phone calls per hour.&lt;span style=""&gt;  &lt;/span&gt;Remember, an average prospecting call should only be a few minutes long, unless the customer initiates a longer conversation.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Here’s another hint.&lt;span style=""&gt;  &lt;/span&gt;We recommend that you only let the phone ring four times instead of the standard six.&lt;span style=""&gt;  &lt;/span&gt;That sounds like a strange rule doesn’t it?&lt;span style=""&gt;  &lt;/span&gt;The reason we make this recommendation is that in most telephone systems, four rings takes a total of 24 seconds. Six takes 36 seconds.&lt;span style=""&gt;  &lt;/span&gt;The difference between 24 and 36 seconds is just 12 seconds, right? What’s the big deal with 12 seconds?&lt;span style=""&gt;  &lt;/span&gt;A lot!&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;On a 30 call per hour project (and most of our projects run 30 to 35 calls per hour) that wastes 12 seconds per call (12 seconds times 30 calls per hour equals 360 seconds).&lt;span style=""&gt;  &lt;/span&gt;The numbers add up quickly. If you take 360 seconds divided by 60 (the number of seconds in a minute), it equals six minutes.&lt;span style=""&gt;  &lt;/span&gt;Six minutes is equal to 10% of an hour.&lt;span style=""&gt;  &lt;/span&gt;How would you like to lose 10% of your productivity, right off the top, because you allowed the phone, if not answered, 12 extra seconds on a call?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Adjusting the amount of times you let the phone ring is one of the most basic things you can do to make your prospecting time more efficient.&lt;span style=""&gt;  &lt;/span&gt;It can’t get simpler than that.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Remember to utilize some type of a &lt;a href="http://theprospectingpeople.blogspot.com/2009/05/your-prospect-and-client-database.html"&gt;Marketing &amp;amp; Sales Database&lt;/a&gt;, to keep your call time and prospecting experiences organized.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Be consistent and diligent.&lt;span style=""&gt;  &lt;/span&gt;Keep track of what you say when you leave messages for Decision Makers (DM) and call back when you say you will.&lt;span style=""&gt;  &lt;/span&gt;Don't expect that interested or not, they will return your call.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;b style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/b&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Have you scheduled prospecting into your day just as you would block out time for a sales meeting?&lt;span style=""&gt;  &lt;/span&gt;If you do not make time for new prospects you can not expect them to seek you out.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Another thing to consider is the “voice” of the one making the prospecting call.&lt;span style=""&gt;  &lt;/span&gt;Do all you can to make this voice friendly, polite, and specific to the geographic area you are approaching.&lt;span style=""&gt;  &lt;/span&gt;I realize you can’t change your voice dramatically, but you can improve diction and vocal mannerisms.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Attitude also makes a big difference- do you expect the DM to take and enjoy your call, or do you see yourself as an inconvenience and interruption to their day?&lt;span style=""&gt;  &lt;/span&gt;If that is how you feel about your phone call, how can you expect the other person to feel any differently?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;What you take into the experience often determines what you can take away from it as well.&lt;span style=""&gt;  &lt;/span&gt;Sometimes the old adage “Smile before you dial” is overused, but that doesn’t make it less true.&lt;span style=""&gt;  &lt;/span&gt;When you are happy and excited, the listening ear on the other end of the line can detect that.&lt;span style=""&gt;  &lt;/span&gt;Don’t be false, but determine your own motives for making a prospecting call, remember the overall goal of getting to know the prospect and enjoy the conversation.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Remember &lt;a href="http://theprospectingpeople.blogspot.com/2009/03/seperating-sales-and-prospecting.html"&gt;prospecting is not sales&lt;/a&gt;: when you talk to a prospect you are looking to see if they have a need you can fill, not telling them what you think they need and how much it will cost them.&lt;span style=""&gt;  &lt;/span&gt;Get to know them, ask for information about their needs and concerns before you ask for more of their time or money.&lt;span style=""&gt;  &lt;/span&gt;Most people have their own opinions and feelings so it should not be surprising that they are willing them, even with people they don’t know.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Maintain a policy of honesty and respect.&lt;span style=""&gt;  &lt;/span&gt;Do not fabricate connections with a prospect or information about your product or service.&lt;span style=""&gt;  &lt;/span&gt;When you don’t know an answer, admit it, but promise to find out and get back to them.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Be personable.&lt;span style=""&gt;  &lt;/span&gt;Make a connection to the prospect as a person rather than a number off your list of people to contact.&lt;span style=""&gt;  &lt;/span&gt;Just as you would want to be treated with high regard, they want that too.&lt;span style=""&gt;  &lt;/span&gt;Offer, and expect, respect and common courtesy.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Are you taking advantage of opportunities to gather "I know a guy" referrals?&lt;span style=""&gt;  &lt;/span&gt;Even if a prospect is not a good fit for your company, they may know someone who would be.&lt;span style=""&gt;  &lt;/span&gt;This concept applies to current clients and those you are seeking to make productive relationships with.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Lastly, be sure you know what the "no" you hear means- there is a big difference between, "No, never" and "No, not right now."&lt;span style=""&gt;  &lt;/span&gt;Remember the &lt;a href="http://theprospectingpeople.blogspot.com/2009/03/x-percentage-foundation-element-of.html"&gt;"X" factor&lt;/a&gt;.&lt;span style=""&gt;  &lt;/span&gt;There is an appropriate time for every purchase and if you have an established relationship with the prospect you have more of a chance at being there when their time to purchase arrives.&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-5180313052724566981?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/5180313052724566981/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/more-things-to-consider-before-you-pick.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5180313052724566981'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5180313052724566981'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/more-things-to-consider-before-you-pick.html' title='More Things to Consider Before You Pick Up the Phone'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-1788643482023472117</id><published>2009-05-18T08:00:00.000-06:00</published><updated>2009-05-18T08:00:00.275-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Script'/><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='Qualified Decision Maker'/><title type='text'>Creating an Effective Script</title><content type='html'>&lt;p class="MsoNormal"&gt;Have you ever mentally coached yourself for a conversation or confrontation?&lt;span style=""&gt;  &lt;/span&gt;There are times when we want to step into a situation knowing exactly what we want to say, how and when.&lt;span style=""&gt;  &lt;/span&gt;Prospecting is defiantly one of those times.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Creating a plan to:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;(1) Deliver the message you want delivered, and&lt;/p&gt;  &lt;p class="MsoNormal"&gt;(2) Obtain the information you require.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Is what scripting is all about.&lt;span style=""&gt;  &lt;/span&gt;If you are prepared, you can enter each conversation with an increased level of confidence in yourself and in your message.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;So, what is a script?&lt;span style=""&gt;  &lt;/span&gt;It’s an outline for a purposeful conversation.&lt;span style=""&gt;  &lt;/span&gt;In other words, the script guides or controls the conversation.&lt;span style=""&gt;  &lt;/span&gt;When you do it right, the prospect won’t even be aware that the conversation is structured.&lt;span style=""&gt;  &lt;/span&gt;Part of wearing your prospecting hat is to have the script so well practiced that the prospect feels the conversation is spontaneous.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;This isn’t as foreign as it might seem.&lt;span style=""&gt;  &lt;/span&gt;Just as I mentioned, we are all prone to rehearsing our words before we open our mouths at certain times.&lt;span style=""&gt;  &lt;/span&gt;In fact, most conversations have some sort of script, but it’s often very general and “off the cuff.”&lt;span style=""&gt;  &lt;/span&gt;Knowing this can give you a distinct advantage.&lt;span style=""&gt;  &lt;/span&gt;If one of the participants has the whole conversation carefully worked out in advance the dialogue proceeds the way that person wants it to.&lt;span style=""&gt;  &lt;/span&gt;You can be in control of the conversation.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;One of the secrets to guiding the conversation is to create a list of open ended questions which the prospect can answer that takes the script in the direction you want it to take.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;With a well-developed script, you can:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Make a great first impression on behalf of your company&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Get past the receptionist to the Decision Maker&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Determine whether the company or prospect is qualified&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Gather relevant marketing information for your Marketing &amp;amp; Sales Database&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Prioritize the company’s value as a prospect to your business&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Generate sales opportunities&lt;/p&gt;  &lt;p class="MsoNormal"&gt;•&lt;span style=""&gt;           &lt;/span&gt;Maximize your productivity during your prospecting time&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;As you’re crafting the script keep your three over-riding goals in mind:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;1. Qualify the Decision Maker&lt;/p&gt;  &lt;p class="MsoNormal"&gt;2. Determine the timing of the prospect’s next planned purchase&lt;/p&gt;  &lt;p class="MsoNormal"&gt;3. Set up a Next Step, or what is going to happened after this conversation&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Beyond the initial greeting, the development of the script depends on the specific project you are creating.&lt;span style=""&gt;  &lt;/span&gt;Remember, this conversation is about asking questions and listening to what the prospect needs so that you can prioritize your future actions, not delivering a sales pitch.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Here are some general hints on developing questions:&lt;/p&gt;&lt;br /&gt; &lt;p class="MsoNormal"&gt;• The script should result in a short conversation; no more than a couple of minutes, unless the decision maker wants to ask questions or talk longer.&lt;span style=""&gt;  &lt;/span&gt;There are a number of things you could ask that would be helpful, but efficiency is critical.&lt;span style=""&gt;  &lt;/span&gt;There is a trade-off between information gathering and effective time management.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• The questions you ask should elicit information you need to advance your agenda.&lt;span style=""&gt;  &lt;/span&gt;Create questions that give you measurable data.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• Try not to start off with open-ended questions such as “Is there anything that you need in your company?”&lt;span style=""&gt;  &lt;/span&gt;It puts people on the spot, and the answer will probably not have much to do with your specialty anyway.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• Ask questions that move you towards a determination of whether or not this person has a need you can fill.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• Try to ask questions that will give you valuable, actionable information no matter what the answer is.&lt;span style=""&gt;  &lt;/span&gt;A well-thought out information gathering or yes/no question can give you a lot of data.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• Ask questions that naturally branch.&lt;span style=""&gt;  &lt;/span&gt;Whichever branch the prospect takes, have back up questions or information for that branch.&lt;span style=""&gt;  &lt;/span&gt;This is one way you can direct the conversation.&lt;span style=""&gt;  &lt;/span&gt;These questions might begin with leads such as: “Do you?” “Have you thought of?” and “Are you happy with?”&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• Know when to give up.&lt;span style=""&gt;  &lt;/span&gt;If the QDM is not willing to answer questions, thank him or her, politely terminate the call and go on to the next prospect.&lt;span style=""&gt;  &lt;/span&gt;Don’t continue to move ahead if clear progress isn’t being made.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;It is important to remember that while you are seeking Sales Opportunities, you’re looking for the &lt;i style=""&gt;right kind&lt;/i&gt; or fully qualified Sales Opportunities.&lt;span style=""&gt;  &lt;/span&gt;So, this process is as much about disqualifying, or “weeding out”, as it is about qualifying.&lt;span style=""&gt;  &lt;/span&gt;The prospect’s qualifications are measured with a tool we call the &lt;st1:place&gt;&lt;st1:placename&gt;Willingness&lt;/st1:placename&gt; &lt;st1:placetype&gt;Range&lt;/st1:placetype&gt;&lt;/st1:place&gt;.&lt;span style=""&gt;  &lt;/span&gt;This is one of the trickiest parts of the script to write.&lt;span style=""&gt;  &lt;/span&gt;Without delivering a sales pitch you need to ask questions that will show how ready or willing the QDM is to commit to a sales meeting.&lt;span style=""&gt;  &lt;/span&gt;The more the prospect is willing to commit to a course of action, the higher the &lt;st1:place&gt;&lt;st1:placename&gt;Willingness&lt;/st1:placename&gt;  &lt;st1:placetype&gt;Range&lt;/st1:placetype&gt;&lt;/st1:place&gt;.&lt;span style=""&gt;  &lt;/span&gt;The higher the &lt;st1:place&gt;&lt;st1:placename&gt;Willingness&lt;/st1:placename&gt;  &lt;st1:placetype&gt;Range&lt;/st1:placetype&gt;&lt;/st1:place&gt;, the higher the qualification.&lt;span style=""&gt;  &lt;/span&gt;The lower the &lt;st1:place&gt;&lt;st1:placename&gt;Willingness&lt;/st1:placename&gt;  &lt;st1:placetype&gt;Range&lt;/st1:placetype&gt;&lt;/st1:place&gt;, the lower the qualification.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;You want the questions to culminate in a realistic commitment on the part of your prospect.&lt;span style=""&gt;  &lt;/span&gt;&lt;st1:place&gt;&lt;st1:placename&gt;High&lt;/st1:placename&gt; &lt;st1:placename&gt;Willingness&lt;/st1:placename&gt;  &lt;st1:placetype&gt;Range&lt;/st1:placetype&gt;&lt;/st1:place&gt; qualifying questions would be something like: “Would you like to discuss that idea sometime?” “Is there a day that’s better than another to schedule that discussion?” “Would you prefer a morning or afternoon appointment?”&lt;span style=""&gt;  &lt;/span&gt;All these questions require the prospect to make a commitment.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Don’t be too quick to offer literature.&lt;span style=""&gt;  &lt;/span&gt;Offering written information requires only low levels of Willingness.&lt;span style=""&gt;  &lt;/span&gt;It reduces the need for commitment and effectively ends your conversation.&lt;span style=""&gt;  &lt;/span&gt;Literature plays an important role in the process, and you may want to use it, but most prospects will willingly accept literature as a simple tool to end the conversation.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Remember, writing the script is a process and you should expect to revise and rewrite it several times before you arrive at a final version.&lt;span style=""&gt;  &lt;/span&gt;A script is a dynamic document, and as the economy changes, as new technologies emerge, and as other conditions change, you will need to revise your script to fit the situation.&lt;span style=""&gt;  &lt;/span&gt;Paying attention to how prospects respond to and keeping careful records will help you analyze what is working and what is not.&lt;span style=""&gt;  &lt;/span&gt;Keep the things that work and rework the things that don’t until your prospecting conversation is a pleasant experience for both you and the prospect.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;For more insight into prospecting scripts, see: &lt;a href="http://theprospectingpeople.blogspot.com/2009/03/questions-that-can-make-you-money.html"&gt;Questions That Can Make You Money&lt;/a&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-1788643482023472117?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/1788643482023472117/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/creating-effective-script.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/1788643482023472117'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/1788643482023472117'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/creating-effective-script.html' title='Creating an Effective Script'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-5195479602829503808</id><published>2009-05-12T13:12:00.016-06:00</published><updated>2009-05-12T17:53:33.412-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='Power Selling Magazine'/><category scheme='http://www.blogger.com/atom/ns#' term='Clients'/><category scheme='http://www.blogger.com/atom/ns#' term='database'/><title type='text'>More Information on CRM Databases</title><content type='html'>&lt;p class="MsoNormal"&gt;Since we’ve been discussing the importance of knowing:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Your current customers&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Who your target audience is for prospecting, and &lt;/p&gt;  &lt;p class="MsoNormal"&gt;How you want to organize your information about these groups&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;&lt;p class="MsoNormal"&gt;The following video seems appropriate&lt;br /&gt;&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;As I previous mentioned there are many, many different database and CRM programs available in the market.&lt;span style=""&gt;  &lt;/span&gt;That being said, one of the most important things to remember when you begin comparing programs is that none are perfect!&lt;span style=""&gt;  &lt;/span&gt;What I am trying to say is that they are not written with your unique customer (prospects) needs in mind.&lt;span style=""&gt;  &lt;/span&gt;The best decisions are made when you take your top customer and prospecting priorities and match them to a program that can best help you meet them.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;&lt;p class="MsoNormal"&gt;On &lt;st1:date year="2009" day="1" month="5"&gt;May 12, 2009&lt;/st1:date&gt;, &lt;a href="http://www.sellingpower.com/"&gt;Selling Power Magazine&lt;/a&gt; published an interview with Eric Berridge, CEO of &lt;a href="http://www.bluewolf.com/"&gt;Bluewolf&lt;/a&gt;, in their Daily Report a five minute video entitled &lt;i style=""&gt;The Secrets Of Successful CRM&lt;/i&gt;.&lt;span style=""&gt;  &lt;/span&gt;You can view it here or by following the &lt;a href="http://www.sellingpower.com/video/?date=5/12/2009"&gt;link&lt;/a&gt; for yourself to: &lt;a href="http://www.sellingpower.com/video/?date=5/12/2009"&gt;http://www.sellingpower.com/video/?date=5/12/2009&lt;/a&gt;.&lt;span style=""&gt;  &lt;/span&gt;Eric explains why whatever CRM or database you select you will find it necessary to make compromises in what you’d like to accomplish or be prepared to program the database to meet your unique needs.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;!--[if gte mso 9]&gt;&lt;xml&gt;  &lt;w:worddocument&gt;   &lt;w:view&gt;Normal&lt;/w:View&gt;   &lt;w:zoom&gt;0&lt;/w:Zoom&gt;   &lt;w:compatibility&gt;    &lt;w:breakwrappedtables/&gt;    &lt;w:snaptogridincell/&gt;    &lt;w:wraptextwithpunct/&gt;    &lt;w:useasianbreakrules/&gt;    &lt;w:usefelayout/&gt;   &lt;/w:Compatibility&gt;   &lt;w:browserlevel&gt;MicrosoftInternetExplorer4&lt;/w:BrowserLevel&gt;  &lt;/w:WordDocument&gt; &lt;/xml&gt;&lt;![endif]--&gt;&lt;style&gt; &lt;!--  /* Font Definitions */  @font-face  {font-family:SimSun;  panose-1:2 1 6 0 3 1 1 1 1 1;  mso-font-alt:宋体;  mso-font-charset:134;  mso-generic-font-family:auto;  mso-font-pitch:variable;  mso-font-signature:3 135135232 16 0 262145 0;} @font-face  {font-family:"\@SimSun";  panose-1:2 1 6 0 3 1 1 1 1 1;  mso-font-charset:134;  mso-generic-font-family:auto;  mso-font-pitch:variable;  mso-font-signature:3 135135232 16 0 262145 0;}  /* Style Definitions */  p.MsoNormal, li.MsoNormal, div.MsoNormal  {mso-style-parent:"";  margin:0in;  margin-bottom:.0001pt;  mso-pagination:widow-orphan;  font-size:12.0pt;  font-family:"Times New Roman";  mso-fareast-font-family:SimSun;} @page Section1  {size:8.5in 11.0in;  margin:1.0in 1.25in 1.0in 1.25in;  mso-header-margin:.5in;  mso-footer-margin:.5in;  mso-paper-source:0;} div.Section1  {page:Section1;} --&gt; &lt;/style&gt;&lt;!--[if gte mso 10]&gt; &lt;style&gt;  /* Style Definitions */  table.MsoNormalTable  {mso-style-name:"Table Normal";  mso-tstyle-rowband-size:0;  mso-tstyle-colband-size:0;  mso-style-noshow:yes;  mso-style-parent:"";  mso-padding-alt:0in 5.4pt 0in 5.4pt;  mso-para-margin:0in;  mso-para-margin-bottom:.0001pt;  mso-pagination:widow-orphan;  font-size:10.0pt;  font-family:"Times New Roman";} &lt;/style&gt; &lt;![endif]--&gt;  &lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;embed src="http://www.sellingpower.com/video/swf/DailyReportNew.swf" flashvars="MM_ComponentVersion=1&amp;amp;autoRewind=false&amp;amp;streamName=http://web3.streamhoster.com/sellingpower/SPDR/FLASH/berridge_eric_DR002.flv" quality="high" scale="noscale" menu="true" salign="LT" name="DailyReport" id="DailyReport" type="application/x-shockwave-flash" pluginspage="http://www.macromedia.com/go/getflashplayer" wmode="transparent" width="329" height="288"&gt;&lt;/embed&gt;&lt;p&gt;&lt;/p&gt;  &lt;p&gt;&lt;/p&gt;&lt;p&gt;&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Remember to allow yourself a learning curve.&lt;span style=""&gt;  &lt;/span&gt;Don’t expect a perfect match your first time out the door.&lt;span style=""&gt;  &lt;/span&gt;Prospecting is a dynamic process and so are the tools you’ll use to be effective in your efforts.&lt;span style=""&gt;  &lt;/span&gt;Do expect you database to provide a set of productive steps forward in meeting your prospecting needs.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Thanks for the great tip &lt;a href="http://www.bluewolf.com/"&gt;Eric Berridge&lt;/a&gt; and &lt;a href="http://www.sellingpower.com/"&gt;Selling Power Magazine&lt;/a&gt;!&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-5195479602829503808?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/5195479602829503808/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/more-information-on-crm-databases.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5195479602829503808'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5195479602829503808'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/more-information-on-crm-databases.html' title='More Information on CRM Databases'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-5019994981158372636</id><published>2009-05-11T13:51:00.000-06:00</published><updated>2009-05-11T13:53:36.068-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospects'/><category scheme='http://www.blogger.com/atom/ns#' term='database'/><category scheme='http://www.blogger.com/atom/ns#' term='lists'/><title type='text'>Your Prospect and Client Database</title><content type='html'>&lt;p class="MsoNormal"&gt;Once you have defined the demographics of your &lt;a href="http://theprospectingpeople.blogspot.com/2009/04/what-are-you-really-looking-for.html"&gt;ideal prospect&lt;/a&gt;, you go about searching for prospects who fit that description.&lt;span style=""&gt;  &lt;/span&gt;No matter how you gather your prospect information, it becomes essential that you organize the details in the most efficient manner.&lt;span style=""&gt;  &lt;/span&gt;You need that information at your fingertips.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;A properly maintained Marketing and Sales Database is an indispensable tool that you can sort or mine to concentrate of particular marketing segments.&lt;span style=""&gt;  &lt;/span&gt;The information can also be copied or exported for a variety of marketing purposes such as a direct mail or any targeted marketing project.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Conversely, a poorly maintained Marketing and Sales Database will only lead to confusion.&lt;span style=""&gt;  &lt;/span&gt;It is important, therefore, that a concise and well-organized Marketing and Sales Database be a high priority for your sales organization.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;There are many, many different database and CRM programs available in the market.&lt;span style=""&gt;  &lt;/span&gt;Perhaps the most important thing for you to know about any of them is that none is perfect!&lt;span style=""&gt;  &lt;/span&gt;What ever program you select you will find it necessary to make compromises in what you’d like to accomplish or program them to meet your needs.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Here are some suggestions that may help you in selecting a program.&lt;span style=""&gt;  &lt;/span&gt;There are a variety of web based programs available today and we recommend you take a close look at those.&lt;span style=""&gt;  &lt;/span&gt;They offer the advantage of being available anywhere you have access to the internet.&lt;span style=""&gt;  &lt;/span&gt;If you are a sole practitioner that may not be important to you, but if you have more than one person who will want to use the program, having it available through the web is a great option.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Here is another suggestion.&lt;span style=""&gt;  &lt;/span&gt;Keep it simple!&lt;span style=""&gt;  &lt;/span&gt;Buy something inexpensive and begin there.&lt;span style=""&gt;  &lt;/span&gt;In our experience the chances of you hitting the right program the first or second time are slim to none.&lt;span style=""&gt;  &lt;/span&gt;As you develop sophistication in using your database or CRM program you will find there are other things you would like it to do for you.&lt;span style=""&gt;  &lt;/span&gt;So we recommend you let your solution grow with your experience.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Another big topic of conversation is: what information should you house in your database?&lt;span style=""&gt;  &lt;/span&gt;Again, our recommendation is keep it simple and don’t put anything in your database that won’t make you money, especially if you expect your salespeople to input the data.&lt;span style=""&gt;  &lt;/span&gt;You will find them motivated to collect and enter data that makes them money, but if it doesn’t do that, don’t expect a high level of compliance.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Most companies today still use either Outlook or Excel, or both, for their database.&lt;span style=""&gt;  &lt;/span&gt;It’s all a matter of what you want to accomplish and how much you want to spend to accomplish it.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Another big issue that both we and our clients have run into to is the quality of the data entry work.&lt;span style=""&gt;  &lt;/span&gt;You will find that some of your employees are comfortable with data entry and using a database or CRM package.&lt;span style=""&gt;  &lt;/span&gt;But you will find others that are not, and often these will be your most senior sales reps.&lt;span style=""&gt;  &lt;/span&gt;You will also find that many of your sales and customer service reps lack essential data entry skills.&lt;span style=""&gt;  &lt;/span&gt;For instance, they may not be good spellers, aren’t careful about the accuracy of the data they collect, etc.&lt;span style=""&gt;  &lt;/span&gt;In our case we found it necessary to have our databases routinely reviewed and corrected by skillful data entry specialists.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;To learn more about your available database options just go to your browser and type in “Databases”.&lt;span style=""&gt;  &lt;/span&gt;You will find thousands of sources of information.&lt;span style=""&gt;  &lt;/span&gt;There are even magazines devoted to the subject.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;No matter which system you employee, the Marketing and Sales Database should be organized and formatted to make the process of prospecting easier and more efficient for you.&lt;span style=""&gt;  &lt;/span&gt;Your goal is achieving a seamless call flow to ensure maximum calling opportunities.&lt;span style=""&gt;  &lt;/span&gt;Information properly gathered, maintained, and stored is the key to a functional, accurate database.&lt;span style=""&gt;  &lt;/span&gt;Over time, your database will prove to be a major business asset.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;At a minimum you are going to want your database(s) to help in two broad areas:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;(1) Prospecting, and&lt;/p&gt;  &lt;p class="MsoNormal"&gt;(2) Working with and selling more to your existing clients.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Because this blog is primarily about prospecting I will outline what we think the essential elements of a prospect database are.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;After developing your marketing and sales plan, setting marketing goals and sales objectives is the next step.&lt;span style=""&gt;  &lt;/span&gt;That process includes deciding what you want to know about your prospects and their need for your product and/or service. That necessitates creating a prospecting script to gather the information you require.&lt;span style=""&gt;  &lt;/span&gt;If you follow that logic, then you will understand the need to have locations in your database to store the information you collect.&lt;span style=""&gt;  &lt;/span&gt;Along with gathering information you also need to have some means of measuring and prioritizing it.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;I can tell you how we solve these issues for ourselves, but I cannot tell you the best way for you to resolve them.&lt;span style=""&gt;  &lt;/span&gt;On the other, we would be glad to provide whatever &lt;a href="mailto:christymitchell@ekstromandassociates.com"&gt;advice&lt;/a&gt; we can.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;At a minimum you are going to want to be able to separate your suspects from your qualified decision makers and the companies that do not meet your qualifying criteria.&lt;span style=""&gt;  &lt;/span&gt;You will also find that some portion of your prospect list contains bad telephone numbers and/or mailing addresses.&lt;span style=""&gt;  &lt;/span&gt;I hope you can see that there is a lot of pre-planning that goes into developing any type of successful database.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;I’ve not written any of this to discourage you just to help you understand the complexity of developing a database that will aid you in accomplishing your goals.&lt;span style=""&gt;  &lt;/span&gt;Every question I have raised has a solution.&lt;span style=""&gt;  &lt;/span&gt;If &lt;a href="mailto:christymitchell@ekstromandassociates.com"&gt;we can help&lt;/a&gt;, we are prepared to do what we can to point you in the right direction.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-5019994981158372636?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/5019994981158372636/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/your-prospect-and-client-database.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5019994981158372636'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5019994981158372636'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/your-prospect-and-client-database.html' title='Your Prospect and Client Database'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-1580275762819120042</id><published>2009-05-05T07:59:00.002-06:00</published><updated>2009-05-05T13:59:57.767-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospects'/><category scheme='http://www.blogger.com/atom/ns#' term='List Broker'/><category scheme='http://www.blogger.com/atom/ns#' term='contacts'/><category scheme='http://www.blogger.com/atom/ns#' term='lists'/><title type='text'>Your Prospecting List and List Broker</title><content type='html'>&lt;p class="MsoNormal"&gt;Once you’ve made up your mind to prospect the first step is determining exactly who you want to contact.&lt;span style=""&gt;  &lt;/span&gt;&lt;a href="http://theprospectingpeople.blogspot.com/2009/04/what-are-you-really-looking-for.html"&gt;As we’ve discussed&lt;/a&gt;, a good place to begin putting together a prospect list is deciding what your ideal client looks like.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;How many employees do they have?&lt;/p&gt;  &lt;p class="MsoNormal"&gt;What are their annual sales?&lt;/p&gt;  &lt;p class="MsoNormal"&gt;What industry or industries are they in?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Developing your ideal list criteria is a high leverage activity.&lt;span style=""&gt;  &lt;/span&gt;Minutes here will save hours and hours of non-productive prospecting later.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;One you’ve developed your ideal list criteria, you are ready for the next step, selecting a List Broker.&lt;span style=""&gt;  &lt;/span&gt;There is no “best” List Broker, but in our opinion, good List Brokers specialize.&lt;span style=""&gt;  &lt;/span&gt;At &lt;a href="http://www.theprospectingpeople.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt; we can offer recommendations for companies with proven track records.&lt;span style=""&gt;  &lt;/span&gt;We think &lt;a href="http://www.farmmarketid.com/"&gt;Farm Market Id&lt;/a&gt; has the best agricultural lists available.&lt;span style=""&gt;  &lt;/span&gt;&lt;a href="http://www.dnb.com/us/"&gt;Dunn and Bradstreet&lt;/a&gt; are usually recognized as the List Broker with the best financial information.&lt;span style=""&gt;  &lt;/span&gt;Suffice it to say that we would be glad to provide whatever insights we can in helping you come up with the ideal List Broker for your needs.&lt;span style=""&gt;  &lt;/span&gt;You are welcome to leave a comment or &lt;a href="mailto:christymitchell@ekstromandassociates.com"&gt;email me&lt;/a&gt; privately with your questions.&lt;span style=""&gt;  &lt;/span&gt;If I can’t answer them, I will pass them onto someone who can.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Over the years different systems have been developed to group similar types of businesses together.&lt;span style=""&gt;  &lt;/span&gt;The most popular system is called the Standard Industrial Classification or SIC codes.&lt;span style=""&gt;  &lt;/span&gt;Don’t be mislead by the word “industrial” in SIC codes.&lt;span style=""&gt;  &lt;/span&gt;SIC codes contain an entire listing or breakdown of virtually every business type.&lt;span style=""&gt;  &lt;/span&gt;Everything from wholesalers, to manufacturers, to all types of Federal, State and local government entities, retailers, banks and financial institutions of all types, farmers by crop, contractors by specialty, etc., etc, etc.&lt;span style=""&gt;  &lt;/span&gt;There are over 12,000 SIC codes and they remind me a bit of the Dewey Decimal System used by libraries.&lt;span style=""&gt;  &lt;/span&gt;SIC codes move from the general to the specific.&lt;span style=""&gt;  &lt;/span&gt;It can seem overwhelming, but using these codes can provide greater accuracy in the resulting information.&lt;span style=""&gt;  &lt;/span&gt;At &lt;a href="http://www.theprospectingpeople.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt; we can help you navigate the SIC codes effectively.&lt;span style=""&gt;  &lt;/span&gt;Again, if you have questions, please &lt;a href="mailto:christymitchell@ekstromandassociates.com"&gt;email me&lt;/a&gt;.&lt;span style=""&gt;  &lt;/span&gt;I promise to respond in a timely manner.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;What information can you expect a List Broker to provide?&lt;span style=""&gt;  &lt;/span&gt;First, you should expect your List Broker to provide you a count of the number of businesses within the geography you select that match your criteria.&lt;span style=""&gt;  &lt;/span&gt;This count should be free.&lt;span style=""&gt;  &lt;/span&gt;Then, depending on their specialty and the criteria you defined, here is a general idea of the information a List Broker should provide:&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;ul style="margin-top: 0in;" type="disc"&gt;&lt;li class="MsoNormal" style=""&gt;Both      company and decision maker names&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;Physical      and mailing addresses&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;Telephone      numbers&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;Employee      sizes&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;Annual      sales&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;Email      addresses&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;Fax      numbers&lt;/li&gt;&lt;li class="MsoNormal" style=""&gt;County      information, etc.&lt;/li&gt;&lt;/ul&gt;&lt;br /&gt;&lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;The vast majority of List Brokers have a minimum order size.&lt;span style=""&gt;  &lt;/span&gt;Whoever you work with, you want to know up front what their minimum order size is and how they price their lists.&lt;span style=""&gt;  &lt;/span&gt;If you check around you will find there is little standard pricing among List Brokers.&lt;span style=""&gt;  &lt;/span&gt;We know of List Brokers that charge less than 10 cents a name while another List Broker charges over 30 cents for exactly the same information.&lt;span style=""&gt;  &lt;/span&gt;Watch it carefully.&lt;span style=""&gt;  &lt;/span&gt;Ask questions and do your due diligence.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Also keep in mind that the more specific your list criteria are the smaller and less expensive your list will be.&lt;span style=""&gt;  &lt;/span&gt;By changing the criteria even slightly you can open up more possibilities and add more names to your list.&lt;span style=""&gt;  &lt;/span&gt;As you are deciding how many names you want, consider your future needs as well as your current needs.&lt;span style=""&gt;  &lt;/span&gt;That way you can get a large enough list to draw from as your projects change.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;I’m sure you have heard the old adage about measuring twice and cutting once.&lt;span style=""&gt;  &lt;/span&gt;Putting your list criteria together is a great example of how true that adage is.&lt;span style=""&gt;  &lt;/span&gt;This is why it is so important to begin your list search with a clear sense of your project purpose and ideal client.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Once that you have your prospect list, you will next want to consider several other essential steps in formatting your Marketing &amp;amp; Sales Database.&lt;span style=""&gt;  &lt;/span&gt;I’ll talk about these steps in my next blog.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-1580275762819120042?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/1580275762819120042/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/your-prospecting-list-and-list-broker.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/1580275762819120042'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/1580275762819120042'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/05/your-prospecting-list-and-list-broker.html' title='Your Prospecting List and List Broker'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-804806320792061488</id><published>2009-04-27T11:57:00.003-06:00</published><updated>2009-04-27T12:02:39.222-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='goals'/><category scheme='http://www.blogger.com/atom/ns#' term='prospects'/><category scheme='http://www.blogger.com/atom/ns#' term='contacts'/><category scheme='http://www.blogger.com/atom/ns#' term='Clients'/><category scheme='http://www.blogger.com/atom/ns#' term='lists'/><title type='text'>What Are You Really Looking For?</title><content type='html'>&lt;p class="MsoNormal"&gt;One of the first things you’ll need to do in order to set up an effective prospecting system is clearly identify your goals.&lt;span style=""&gt;  &lt;/span&gt;When you look for new prospects, exactly who do you want to find?&lt;span style=""&gt;  &lt;/span&gt;It’s not enough just to find new prospects; they have to be the right kind of prospect. &lt;span style=""&gt; &lt;/span&gt;For instance, does the prospect need to be Sales Ready?&lt;span style=""&gt;  &lt;/span&gt;Efficient prospecting means that based on your criteria, you can:&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• find all the qualified prospects in your territory&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• prioritize them, based on any criteria you want to select&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• introduce your company and your services&lt;/p&gt;  &lt;p class="MsoNormal"&gt;• make a great first impression&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;If you don’t have clearly defined goals when you begin your prospecting activities you’re likely to attract the wrong types of prospects and never develop the contacts that would have been truly valuable.&lt;span style=""&gt;  &lt;/span&gt;If it isn’t going to expand your business in a high quality manner, if it isn’t going to maximize your income, it simply isn’t worth your time and effort.&lt;span style=""&gt;  &lt;/span&gt;As Steven Covey would say: begin with the end in mind. (&lt;i style=""&gt;The Seven Habits of Highly Effective People&lt;/i&gt;. Steven R. Covey Free Press; 15th Anniversary edition (&lt;st1:date month="11" day="9" year="2004"&gt;November  9, 2004&lt;/st1:date&gt;) pg. 95)&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;As I’ve indicated before, one of the best places to start any prospecting effort is from wherever you are right now.&lt;span style=""&gt;  &lt;/span&gt;It’s that first step beyond the status quo that will determine where you will find yourself 90 days or 90 months from now.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Begin by making sure you deliver the right marketing message.&lt;span style=""&gt;  &lt;/span&gt;What is your brand?&lt;span style=""&gt;  &lt;/span&gt;Why should customers do business with you rather than your competition?&lt;span style=""&gt;  &lt;/span&gt;Make sure you, and everyone else in your company, understand the answers to the “W” and “H” questions your English teacher was so fond of.&lt;span style=""&gt;  &lt;/span&gt;Can you accurately identify: &lt;i style=""&gt;who&lt;/i&gt; you want to attract, &lt;i style=""&gt;what&lt;/i&gt; you expect them to buy, &lt;i style=""&gt;why&lt;/i&gt; you are the most qualified business to provide this service, the &lt;i style=""&gt;when&lt;/i&gt; and &lt;i style=""&gt;where&lt;/i&gt; goals of timing, and lastly, &lt;i style=""&gt;how&lt;/i&gt; you will present this information to a Highly Qualified Prospect.&lt;span style=""&gt;  &lt;/span&gt;Remember, part of what creates a Highly Qualified Prospect is the understanding that the client and the business are well-suited to each other and ready to work productively together.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Next, look at your existing clients once again.&lt;span style=""&gt;  &lt;/span&gt;We have discussed the prospecting efforts you can consider within your known pool of clients that will help generate additional sales revenues and strengthen those relationships.&lt;span style=""&gt;  &lt;/span&gt;Let’s investigate this even further.&lt;span style=""&gt;  &lt;/span&gt;What have you learned about your clients?&lt;span style=""&gt;  &lt;/span&gt;What kind of information do you keep on file about them?&lt;span style=""&gt;  &lt;/span&gt;If you haven’t done so already, take the time to at least create a complete spreadsheet of your current customer information.&lt;span style=""&gt;  &lt;/span&gt;You are looking for trends and patterns, both good and bad.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Here are some of the things to consider:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Industry&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Number of employees&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Type of business&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Geographic scope of business&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Revenue levels&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Growth trends&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Purchase patterns&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Previous sales encounters&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Don’t forget to include “Business Friendly” traits such as:&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Easy to work with&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Pays on time&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Amount of credit approved for&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Understand and values your services&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;These may not seem quite so pertinent at the moment, but they make a big difference down the road by creating a productive and satisfying work atmosphere.&lt;span style=""&gt;  &lt;/span&gt;During this exercise you are likely to discover (or automatically thought of) that one certain customer who, no matter how much you nurture the relationship, makes everyone they deal with in your company miserable.&lt;span style=""&gt;  &lt;/span&gt;Retaining or attracting clients who do not value you rarely leads to a satisfying end; monetarily or personally.&lt;span style=""&gt;  &lt;/span&gt;If you can identify the factors surrounding these unfortunate business relationships they are easier to avoid when you are seriously looking for prospects who are true Wanters.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Now, set your parameters.&lt;span style=""&gt;  &lt;/span&gt;If you could wave a magic wand and produce the ideal client for your business, what would they be like?&lt;span style=""&gt;  &lt;/span&gt;Take what you know about your business, your goals, and your current client base.&lt;span style=""&gt;  &lt;/span&gt;Then, don’t be afraid to make concrete statements.&lt;span style=""&gt;  &lt;/span&gt;You want to clearly understand both angles.&lt;span style=""&gt;  &lt;/span&gt;Identify what both the client and business will bring to the table.&lt;span style=""&gt;  &lt;/span&gt;What should ultimately result from your relationship?&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Of course, ideal customers do not magically appear.&lt;span style=""&gt;  &lt;/span&gt;But, when you have defined your parameters, and gauged your prospecting accordingly, you’re on the right track.&lt;span style=""&gt;  &lt;/span&gt;If you can define the demographics and traits of your “best clients” you can use that information as the criteria for putting your prospect list together.&lt;span style=""&gt;  &lt;/span&gt;The results of your prospecting efforts are going to be much closer to Prince Charming relationships rather than blind dates worthy of the horror hall of fame.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-804806320792061488?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/804806320792061488/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/04/what-are-you-really-looking-for.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/804806320792061488'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/804806320792061488'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/04/what-are-you-really-looking-for.html' title='What Are You Really Looking For?'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-5655625972561875772</id><published>2009-04-20T12:47:00.001-06:00</published><updated>2009-04-20T12:50:21.844-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='Clients'/><category scheme='http://www.blogger.com/atom/ns#' term='trust relationships'/><title type='text'>Nurturing Client Relationships</title><content type='html'>&lt;p class="MsoNormal" style=""&gt;It may seem counter-intuitive, but one of the best places you can start focusing your prospecting efforts is with your existing clients.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;Take a serious look at what you are offering to your current clients-- what brought them to you and what it will take to keep them coming back.&lt;span style=""&gt;  &lt;/span&gt;Consider the following avenues for nurturing and improving client relationships.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;b style=""&gt;Cross-selling:&lt;/b&gt;&lt;span style=""&gt;  &lt;/span&gt;If you were an auto dealer and sold someone a car, where would you want them to service that car?&lt;span style=""&gt;  &lt;/span&gt;Cross-selling is actively looking at a client’s purchasing habits and finding addition products and services that fit their needs.&lt;span style=""&gt;  &lt;/span&gt;The advantage of this type of activity come is several areas.&lt;span style=""&gt;  &lt;/span&gt;First, it is the quickest and easiest way available to generate sales opportunities.&lt;span style=""&gt;  &lt;/span&gt;The clients you are cross-selling to already have a trust relationship with you.&lt;span style=""&gt;  &lt;/span&gt;They know your organization, their buying power and credit are already established, they know what to expect from the people and products in your company.&lt;span style=""&gt;  &lt;/span&gt;Additionally, you are forming more ties between your company and your client.&lt;span style=""&gt;  &lt;/span&gt;The more of their business you acquire, the less likely they are to pull up stakes and look to your competition in the future.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;b style=""&gt;New Products and Services:&lt;/b&gt; What do you currently know about your customers?&lt;span style=""&gt;  &lt;/span&gt;When was the last time you reviewed the services you offer and found something missing?&lt;span style=""&gt;  &lt;/span&gt;Where did you file that last suggestion from a customer that said, “It would be nice if . . .”&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom and Associates&lt;/a&gt; recommends that you spend some time every three months reviewing the results of your prospecting efforts.&lt;span style=""&gt;  &lt;/span&gt;Look for feasible, short-term projects that can help fill these types of niches.&lt;span style=""&gt;  &lt;/span&gt;Plan for larger changes according to your client’s feedback and long-term needs.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;b style=""&gt;Public Relations:&lt;/b&gt;&lt;span style=""&gt;  &lt;/span&gt;If you decide to make a change or offer an additional client benefit, how will you let your clients, and the general public know?&lt;span style=""&gt;  &lt;/span&gt;Over the years, &lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom and Associates&lt;/a&gt; has helped with a variety of promotional efforts. We have assisted clients by helping them announce an assortment of events. We’ve also sorted Marketing and Sales Databases, isolating specific groups or types of users to be targeted for a specific model or type of service.&lt;span style=""&gt;  &lt;/span&gt;We’ve supported customer appreciation barbeques and annual golf events. For one client, we invited his customers to visit one of their locations, see a famous race car and meet the driver. We’ve invited customers and prospects to attend new branch openings and participated in different types of “thank you” campaigns.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;Your goal is to establish yourself in the eyes of the public as a company actively trying to serve the needs of its clients.&lt;span style=""&gt;  &lt;/span&gt;Public relations events are only limited by your imagination and budget.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;b style=""&gt;Brand Recognition:&lt;/b&gt;&lt;span style=""&gt;  &lt;/span&gt;That brings up the subject of brand recognition.&lt;span style=""&gt;  &lt;/span&gt;Does your name easily come to mind when your customer has a problem, question or purchasing need?&lt;span style=""&gt;  &lt;/span&gt;Has your company recently changed hands, acquired another company, been acquired, or changed something significant about your product, marketing, focus, or logo?&lt;span style=""&gt;  &lt;/span&gt;How will you let your clients know how to find you?&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;I like the word attractive.&lt;span style=""&gt;  &lt;/span&gt;It probably won’t overcome a down economy, but being attractive does not diminish one’s opportunities.&lt;span style=""&gt;  &lt;/span&gt;So, how attractive can you become in the market?&lt;span style=""&gt;  &lt;/span&gt;What can you do to enhance your attractiveness?&lt;span style=""&gt;  &lt;/span&gt;How good can you get?&lt;span style=""&gt;  &lt;/span&gt;How good can your employees get?&lt;span style=""&gt;  &lt;/span&gt;The more attractive you are the more clients you keep and the more you can attract from your competition.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;b style=""&gt;Customer Service:&lt;/b&gt;&lt;span style=""&gt;  &lt;/span&gt;How do your clients perceive their value to you?&lt;span style=""&gt;  &lt;/span&gt;What can you do to provide that small, unexpected, extra effort?&lt;span style=""&gt;  &lt;/span&gt;When it comes to all your selling and prospecting efforts, are you seen as the one who honestly wants to make things better for your client, not just increase your own bottom line?&lt;span style=""&gt;  &lt;/span&gt;This is another very effective way to form tendrils of trust and build protective walls around your clients.&lt;span style=""&gt;  &lt;/span&gt;If they feel important and valued, they usually do not stray very far.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;The last thing you want is to lose a relationship because they were looking for a product or service you didn’t, but could have easily, offered.&lt;span style=""&gt;  &lt;/span&gt;Nurture your clients until that relationship is fortified enough that they never think to look somewhere else.&lt;span style=""&gt;  &lt;/span&gt;That is the surest way to retain established relationships, nor will you have to work twice as hard to entice that prospect back at a later time.&lt;/p&gt;&lt;p class="MsoNormal" style=""&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal" style=""&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;span style=";font-family:&amp;quot;;font-size:12;"  &gt;Looking for a place to start your prospecting efforts?&lt;span style=""&gt;  &lt;/span&gt;Get to know your current clients first&lt;/span&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-5655625972561875772?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/5655625972561875772/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/04/nurturing-client-relationships.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5655625972561875772'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/5655625972561875772'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/04/nurturing-client-relationships.html' title='Nurturing Client Relationships'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-103885318055147195</id><published>2009-04-06T10:37:00.002-06:00</published><updated>2009-04-06T10:40:59.610-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='goals'/><category scheme='http://www.blogger.com/atom/ns#' term='wanters'/><category scheme='http://www.blogger.com/atom/ns#' term='buyers'/><category scheme='http://www.blogger.com/atom/ns#' term='x factor'/><category scheme='http://www.blogger.com/atom/ns#' term='sales'/><category scheme='http://www.blogger.com/atom/ns#' term='sales opportunities'/><category scheme='http://www.blogger.com/atom/ns#' term='business'/><title type='text'>Understanding Your Sales Pipeline</title><content type='html'>&lt;p class="MsoNormal"&gt;Do you remember that old television commercial—the one that said, “And then she’ll tell three people, and they’ll all tell three people,” on and on? Wouldn’t it be nice if actual sales really worked like that?&lt;span style=""&gt;  &lt;/span&gt;The fact is the commercial never says all those people who got &lt;i style=""&gt;told&lt;/i&gt; would actually turn around and &lt;i style=""&gt;buy&lt;/i&gt; the product.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;That’s the problem really: there’s a vast amount of difference between the hundreds of people who need to find out about your business before a few of those people will actually buy.&lt;span style=""&gt;  &lt;/span&gt;Think about the number of people you had to tell about your business just to get it up and running.&lt;span style=""&gt;  &lt;/span&gt;Now that you’re established, your focus has changed to both maintaining and increasing the sales levels you currently enjoy. &lt;span style=""&gt; &lt;/span&gt;Although your company was probably originally built up by your prospecting efforts, as a businesses matures the level of prospecting seems to fall by wayside.&lt;span style=""&gt;  &lt;/span&gt;In today’s changing economy, you need to find the most efficient ways to keep qualified prospects entering your pipeline, nurture those already in process, and provide your salespeople with the candidates who are most willing to buy at the end of the pipeline.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;A sales pipeline is a funneling process for sifting through every potential customer in order to find those who will actually buy.&lt;span style=""&gt;  &lt;/span&gt;As you do this you will typically hear four responses:&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“Not interested.”&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“I’ll buy – but I’m waiting for budget approval.”&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“As soon as the new warehouse is done, I’ll order.”&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“I’m ready to buy right now.”&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Of course, what we all want to hear is “I’m ready to buy right now.”&lt;span style=""&gt;  &lt;/span&gt;This is where the first money is made for your business and your salespeople.&lt;span style=""&gt;  &lt;/span&gt;But, with the funneling perspective of a sales pipeline you will understand that even when your pipeline is filled with highly qualified prospects only 25% of those potential deals will actually follow through to close.&lt;span style=""&gt;  &lt;/span&gt;What happens to the other 75%?&lt;span style=""&gt;  &lt;/span&gt;That’s the big question your sales pipeline needs to address.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;The important thing to remember about sales pipelines is the &lt;a href="http://theprospectingpeople.blogspot.com/2009/03/x-percentage-foundation-element-of.html"&gt;“X” percentage factor&lt;/a&gt; I talked about in an earlier blog.&lt;span style=""&gt;  &lt;/span&gt;Even if they didn’t buy from you this year, they might be in line for next year, or the next.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;You want to fill your pipeline with the most qualified prospects available so that the highest majority of sales possible can come out the other side.&lt;span style=""&gt;  &lt;/span&gt;But, you also don’t want to forget about the people still stuck at the beginning and middle of your pipeline.&lt;span style=""&gt;  &lt;/span&gt;If you nurture those relationships, outside of the pressure of closing, then the majority of them will transition from point to point in your pipeline rather than going somewhere else when their “X” percentage factor for buying comes into effect.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Today’s compensation packages encourage salespeople to put most of their efforts into the end of the sales pipeline.&lt;span style=""&gt;  &lt;/span&gt;It takes a little retraining to help everyone understand how best to nurture those “not yet” relationships.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt; specializes in helping you understand how to fill your pipeline with the most highly qualified prospects and creating nurturing relationship with the prospects already in your sales pipeline.&lt;span style=""&gt;  &lt;/span&gt;When a prospect is ready to make his purchase, he is released to the salespeople.&lt;span style=""&gt;  &lt;/span&gt;Until then, the prospect is nurtured without closing pressure.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-103885318055147195?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/103885318055147195/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/04/understanding-your-sales-pipeline.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/103885318055147195'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/103885318055147195'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/04/understanding-your-sales-pipeline.html' title='Understanding Your Sales Pipeline'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-6072115985162218168</id><published>2009-03-23T07:31:00.003-06:00</published><updated>2009-04-01T08:44:14.571-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='sales'/><category scheme='http://www.blogger.com/atom/ns#' term='sales opportunities'/><title type='text'>Separating Sales and Prospecting</title><content type='html'>&lt;p class="MsoNormal"&gt;Prospecting and selling are certainly related, but they require different mind and skill sets. They are two different and distinct activities. You will only be effective in your prospecting efforts if you successfully differentiate the two activities.&lt;span style=""&gt;  &lt;/span&gt;With the right training salespeople can make excellent prospectors, but they need to take their sales hat off and put their prospecting hat on when they are prospecting for Wanters (qualified prospects who are ready and willing to buy).&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Although there are notable exceptions, without the right training most salespeople are not efficient or effective at prospecting.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Why is that you ask. There are two reasons.&lt;span style=""&gt;  &lt;/span&gt;The majority of salespeople receive some type of base pay, plus benefits, sales commission, and often a bonus for achieving their sales quotas. The net result is salespeople naturally focus their energies and efforts on closing sales deals, because that’s where the money is. That’s highly motivating and a great process for driving sales, but it has an unintended and seriously negative impact on both prospecting and establishing relationships with prospects that are not ready to close—especially when industry research and experience shows that there’s only a 25 to 33% chance of closing those deals anyway.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;The second reason is that salespeople have been falsely taught that the primary purpose of prospecting is to generate an appointment.&lt;span style=""&gt;  &lt;/span&gt;Sorry, that is simply not true.&lt;span style=""&gt;  &lt;/span&gt;The primary purpose of prospecting is to qualify a “suspect” company.&lt;span style=""&gt;  &lt;/span&gt;Do they or do they not use the products and services you provide. After that the second prospecting objective is to gather relevant marketing and sales information prospect (business or needs). The third step is determine their Willingness To Buy. There is usually a big difference between a prospect’s use of your products and services and the immediacy of his need for more of them, now. In another blog I’ll have much more to say about generating appointments. Here is a teaser in the meantime.&lt;span style=""&gt;  &lt;/span&gt;Prospectors have virtually no control over whether a prospect is in the market for his products and services.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Salespeople, even those who are very good at what they do, typically don’t work at anywhere near their maximum effectiveness. Five years ago, the average sales professional spent over 30% of her time in a face-to-face selling situation. Today, that number is 19%. (&lt;a href="http://csoinsights.com/"&gt;CSO Insights&lt;/a&gt; 2008 Survey Results and Analysis) It may not be the only way, but better prospecting is certainly one way of increasing face-to-face selling time.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;There’s never been a greater need for effective prospecting than there is today. High quality prospecting programs make it possible for salespeople to do what they do best. Your prospecting program should be designed to work symbiotically with your sales process, not disrupt it any way. Its main goal is to produce more sales, but prospecting is not selling. Prospecting is making connections, gathering information, and building trust that in turn results in to high quality sales opportunities.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-6072115985162218168?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/6072115985162218168/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/seperating-sales-and-prospecting.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/6072115985162218168'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/6072115985162218168'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/seperating-sales-and-prospecting.html' title='Separating Sales and Prospecting'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-239010588762592270</id><published>2009-03-20T14:37:00.004-06:00</published><updated>2009-04-01T08:48:36.633-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='wanters'/><category scheme='http://www.blogger.com/atom/ns#' term='sales opportunities'/><title type='text'>Why Prospecting Always Works</title><content type='html'>&lt;p class="MsoNormal"&gt;&lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt; was founded on the recognition that closing sales starts with buyers who are in the market and ready to buy. If you want to increase your sales, you need to maximize your opportunities with the best qualified prospects. It’s only common sense, but the difficulty comes in finding qualified prospects. At &lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt;, we call qualified prospects that are in ready to buy, Wanters. A Wanter is simply that: special prospect that is ready and willing to buy. They want something. They are going to buy that something from someone. Getting in front of qualified prospects with a high degree of willingness to buy is what prospecting is all about.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Think of it this way. For every 100 sales that close, deduct the number you closed and subtract that from 100. The resulting number is the number that your competition got. How many do you want them too get, because every one you don‘t get, they get?&lt;span style=""&gt;  &lt;/span&gt;At &lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt; our motto is simple and straight forward, “Prospecting Always Works.”&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting always works because:&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;It gets you in front of the right prospects. It provides a steady stream of qualified prospects And, it maximizes the chances of connecting with the right prospects at the right times.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;It is important to distinguish prospecting from sales. They are two separate and distinct activities. In prospecting you are searching for different kinds of information, the more accurate the information you gather, the richer your resulting sales stream will be. Sales is about closing deals. Therefore, prospecting is the dynamic process of streamlining your efforts to find those Wanters who are actually ready and willing to buy exactly what you have to offer. It’s a series of related activities that result in both sales leads and valuable marketing information. This marketing information can then be used to generate additional sales opportunities for your sales staff and profit for you business.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting isn’t like mans nylon stocking where one size fits all. If you want prospecting to work for your company, you must design a system that unique to your company’s circumstances, a system that is efficient and effective, and a way to ensure it stays that way.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Regardless of the economy or world events, a reasonable percentage of qualified prospects, or Wanters, are always in the market. And once you have a client you can cross sell to him.&lt;span style=""&gt;  &lt;/span&gt;Done right prospecting is the gift that just keeps giving.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;There is no mystery to prospecting; when done correctly it always works.&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt;&lt;/o:p&gt;&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-239010588762592270?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/239010588762592270/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/why-prospecting-always-works.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/239010588762592270'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/239010588762592270'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/why-prospecting-always-works.html' title='Why Prospecting Always Works'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-6196537379498627603</id><published>2009-03-20T14:35:00.007-06:00</published><updated>2009-04-01T08:45:38.323-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='wanters'/><category scheme='http://www.blogger.com/atom/ns#' term='buyers'/><category scheme='http://www.blogger.com/atom/ns#' term='x factor'/><category scheme='http://www.blogger.com/atom/ns#' term='sales'/><title type='text'>“X” Percentage: The Foundation Element of Prospecting</title><content type='html'>&lt;p class="MsoNormal"&gt;There are many ingredients that go into producing a successful prospecting system. Perhaps the most fundamental is an element that The Prospecting People at&lt;a href="http://theprospectingpeople.com/"&gt; Ekstrom &amp;amp; Associates&lt;/a&gt; have dubbed, “X” Percentage. Understanding this one concept can give you the motivation to do the few simple things to increase sales revenues and drive greater profits to your bottom line. When you understand the “X” Percentage you can begin to realize the full potential of your business.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“X” Percentage is a simple and basic thought process:&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Whatever product or service you represent some percentage of your prospects, or “X” Percentage, will buy this year. It doesn’t matter what you sell, it doesn’t matter the times or the economy, the fact is there will always be some percentage (“X Percentage”) of prospects ready to buy, or in the market place at any given time. It might be insurance, software, houses, cars, envelopes, furniture, tractors, whatever. “X” Percentage of the prospects within your sales territory will buy this year. It is a wonderful concept, one that will make you rich if you truly understand and use it. As the late Paul Harvey used to say, “Here is the rest of the story!”&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“X” Percentage will also buy next year and the year after, and the year after that. “X” Percentage is perpetual and self-renewing. It’s just a fact. In times of expanding economies prospect buy more. In times of contracting economies prospects buy less, but on average “X” Percentage will always be ready to buy.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Armed with that knowledge you can get rich. Here’s how.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;What portion of the X Percentage would you like to sell? Grab a piece of paper and write down answers to the following questions.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;1.&lt;span style=""&gt;         &lt;/span&gt;Whatever product or service you represent, how many units were sold last year? You don’t have to 100% accurate for this to be a valuable exercise. You can refine your answer to whatever degree of accuracy you want later. For now, just go ahead and jot down your answer and label it number 1.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;2.&lt;span style=""&gt;         &lt;/span&gt;Of the amount you wrote down and labeled number 1, how many unites did you or your organization sell? Write down that number and label it number 2. By performing a little simple arithmetic can calculate your market share.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;3.&lt;span style=""&gt;         &lt;/span&gt;Subtract number 2 from number 1. The resulting number represents the number of units your competition sold. Write that number down and label it number 3.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Now, what was your closing ratio? If you got in front of 100 prospects and sold 25, you have a 25% closing ratio. Write the amount of your closing ratio down and label that as number 4.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;4.&lt;span style=""&gt;         &lt;/span&gt;Divide the number of units your organization sold (number 2) by your closing ratio (number 3). The resulting number represents the number of prospects you got in front of last year. Write that number down and label it number 5.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;5&lt;span style=""&gt;          &lt;/span&gt; Subtract number 5 from number 1. The result represents the number of deals you did not get in front of last year.&lt;span style=""&gt;  &lt;/span&gt;Write that number down and label it number 6.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;6&lt;span style=""&gt;          &lt;/span&gt;Multiple number 6, the number of deals you did not get in front of last year by number 4. The result represents the number of additional unites you would have sold had you gotten in front of the prospects you didn’t get in front of.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;Prospecting is the key to getting in front of the prospects you didn’t get in front of last year.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;More sales are lost because of failure to prospect than through the failure of any other step in the sales process. By failing to optimize prospecting … businesses and the salespeople that work for them deny themselves the sales opportunities … sales revenues and profits that would have otherwise resulted. We &lt;a href="Why%20Prospecting%20Always%20Works"&gt;unconditionally guarantee&lt;/a&gt; that a failure to optimize prospecting needs never be an obstacle to you in growing your business and increasing market share again.&lt;/p&gt;&lt;p class="MsoNormal"&gt;&lt;br /&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;&lt;o:p&gt; &lt;/o:p&gt;&lt;/p&gt;  &lt;p class="MsoNormal"&gt;“X” Percentage, and what you can do with it, can begin to answer a lot of prioritizing and prospecting questions for you. Decide what your final number is worth to your organization and set your sites accordingly.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-6196537379498627603?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/6196537379498627603/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/x-percentage-foundation-element-of.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/6196537379498627603'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/6196537379498627603'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/x-percentage-foundation-element-of.html' title='“X” Percentage: The Foundation Element of Prospecting'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-9102411952787107658</id><published>2009-03-17T08:31:00.005-06:00</published><updated>2009-04-01T08:50:05.203-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='Script'/><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='Project Manager'/><category scheme='http://www.blogger.com/atom/ns#' term='Qualified Decision Maker'/><title type='text'>Questions that can make you money</title><content type='html'>When prospecting, it’s vital that the person doing the prospecting has the right script, featuring the right questions, to produce the greatest return on your prospecting investment. &lt;a href="http://theprospectingpeople.com/"&gt;Ekstrom and Associates&lt;/a&gt; can help!&lt;br /&gt;&lt;br /&gt;First, your prospector must make a great first impression. Often this is your prospects first contact on behalf of your company. Then the prospector needs to be able to get past the receptionist to the decision maker (DM). By asking the right questions, the prospector can determine whether the company is qualified, gather relevant marketing information, and depending on the prospect’s Willingness To Buy generate fully qualified sales opportunities.&lt;br /&gt;&lt;br /&gt;But what are these questions? And how does your prospector direct the conversation to obtain these goals?&lt;br /&gt;&lt;br /&gt;Keep in mind that the goal of your prospector is two-fold: To qualify the prospect company and gather critical marketing intelligence you can later use to generate additional revenues from this prospect. Unless you can make money on the information you are gathering, it’s not worth asking the questions.&lt;br /&gt;&lt;br /&gt;Step One: Initiating Activity with the Receptionist. Your prospector first needs to be trained to get past the receptionist. You’ll need two versions of questions: one for when the Project Manager knows the name of the DM, and one for when he doesn’t.&lt;br /&gt;&lt;br /&gt;If the DM’s name isn’t known, the script should go something like, “Hello, my name is __(prospector’s Name)_ … and I’m hoping you can help me. Can you tell me who’s responsible for ____ at your location?&lt;br /&gt;&lt;br /&gt;If the DM’s name is known, the script will go something like, a. “Hello. My name is, _(prospetors name )_. If __(First Name)_’s there, _(First) __ _(Last Name)____, I need to speak with him / her please.”&lt;br /&gt;&lt;br /&gt;Step Two: Initiating Activity with the Decision Maker. Once your prospector gets to the person he is trying to speak to (DM), she needs to accomplish three things: Introduce himself, explain who he represents, and what his company does. Think of it as&lt;br /&gt;“My name is…..”&lt;br /&gt;“My company is….”&lt;br /&gt;“We do….”&lt;br /&gt;&lt;br /&gt;Step Three: The Transition Question. Immediately after the initiating activity, create a transition question to get the prospect talking about your subject. For example: “I understand you’re the person who is responsible for purchasing _____ there … is that correct?”&lt;br /&gt;&lt;br /&gt;By asking this question, you have just qualified your Decision Maker (QDM) and quite likely the prospect’s company as well. If he says yes to this question, the prospector knows he is speaking the correct person. Second, he has set the direction for where the rest of the conversation will go.&lt;br /&gt;&lt;br /&gt;Question Four: The Prioritizing Process. At this point in the questioning, you want to gather sufficient information to determine how much time and effort you want to devote to this particular organization. You are trying to determine how many, how big, or how much. For example, if your prospect has a number of large warehouses and you have a door-maintenance business, you might ask: “How many doors does your warehouse have?” This is a “how much” question. Then, you can follow up with: “Are the doors left open in the summer?” This is a “how often” question.&lt;br /&gt;&lt;br /&gt;Step Five: Gathering Marketing Information. Following our previous example, ask this question: “Do you repair your own doors or does someone outside your company do that for you?”&lt;br /&gt;&lt;br /&gt;Step Six: Determining Willingness To Buy, or “weeding out”.&lt;br /&gt;For example: “Do you plan to add, replace or upgrade any of your warehouse doors, dock equipment this year?” This question allows you to refine information about the prospect and determine if he going to be is in the market this year.&lt;br /&gt;&lt;br /&gt;For more in-depth information on how to develop questions that will make your company money, contact us &lt;a href="http://theprospectingpeople.com/"&gt;here&lt;/a&gt;.&lt;br /&gt;&lt;br /&gt;In a later blog post, we’ll talk more about creating a well-developed script.&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-9102411952787107658?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/9102411952787107658/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/questions-that-can-make-you-money.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/9102411952787107658'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/9102411952787107658'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/questions-that-can-make-you-money.html' title='Questions that can make you money'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry><entry><id>tag:blogger.com,1999:blog-5000552251316043022.post-9096459465687034269</id><published>2009-03-14T18:40:00.002-06:00</published><updated>2009-03-16T14:51:30.019-06:00</updated><category scheme='http://www.blogger.com/atom/ns#' term='prospecting'/><category scheme='http://www.blogger.com/atom/ns#' term='goals'/><category scheme='http://www.blogger.com/atom/ns#' term='contacts'/><category scheme='http://www.blogger.com/atom/ns#' term='lists'/><category scheme='http://www.blogger.com/atom/ns#' term='business'/><title type='text'>About Ekstrom &amp; Associates</title><content type='html'>Welcome!&lt;br /&gt;&lt;br /&gt;Our wish for your business is the same as yours. We want your business to prosper, to become increasingly more profitable, and to be the dominate business of its type in your sales territory.&lt;br /&gt;&lt;br /&gt;&lt;a href="http://www.ekstromandassociates.com/"&gt;Ekstrom &amp;amp; Associates&lt;/a&gt; provides professional, business-to-business prospecting. &lt;strong&gt;We are the prospecting people and prospecting always works!&lt;/strong&gt; We are expert at assembling focused prospecting lists. We know…&lt;br /&gt;&lt;p class="campany"&gt;&lt;br /&gt;&lt;/p&gt;&lt;ul type="disc"&gt;&lt;li class="MsoNormal"&gt;How to contact&lt;/li&gt;&lt;li class="MsoNormal"&gt;How to get past the attack receptionist to the &lt;em&gt;right&lt;/em&gt; decision maker&lt;/li&gt;&lt;li class="MsoNormal"&gt;How to make a great first impression&lt;/li&gt;&lt;li class="MsoNormal"&gt;How to get answers to the questions you want asked&lt;/li&gt;&lt;/ul&gt;&lt;p class="MsoNormal"&gt;With our service, you will know which prospects are active in the market, what their purchase plans are and what their timing is. We have been helping businesses grow their profits for almost 20 years and we know how and what to do to help you realize your growth objectives. If you really want to grow your business, why not talk with us about it.&lt;/p&gt;&lt;p class="campany"&gt;&lt;br /&gt;&lt;br /&gt;To have that discussion all you need to do is &lt;a href="http://www.ekstromandassociates.biz/contact.php"&gt;&lt;strong&gt;click here&lt;/strong&gt;&lt;/a&gt; right now and complete the form you will find there.&lt;/p&gt;&lt;div class="blogger-post-footer"&gt;&lt;img width='1' height='1' src='https://blogger.googleusercontent.com/tracker/5000552251316043022-9096459465687034269?l=theprospectingpeople.blogspot.com' alt='' /&gt;&lt;/div&gt;</content><link rel='replies' type='application/atom+xml' href='http://theprospectingpeople.blogspot.com/feeds/9096459465687034269/comments/default' title='Post Comments'/><link rel='replies' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/about-ekstrom-associates.html#comment-form' title='0 Comments'/><link rel='edit' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/9096459465687034269'/><link rel='self' type='application/atom+xml' href='http://www.blogger.com/feeds/5000552251316043022/posts/default/9096459465687034269'/><link rel='alternate' type='text/html' href='http://theprospectingpeople.blogspot.com/2009/03/about-ekstrom-associates.html' title='About Ekstrom &amp; Associates'/><author><name>Christy Mitchell</name><uri>http://www.blogger.com/profile/10421871918203493923</uri><email>noreply@blogger.com</email><gd:image rel='http://schemas.google.com/g/2005#thumbnail' width='32' height='23' src='http://2.bp.blogspot.com/-BOV-w8ChNg4/Tbgtx7KEt7I/AAAAAAAAACQ/WXtLVPVRC0E/s220/logo.jpg'/></author><thr:total>0</thr:total></entry></feed>
