Tag Archives: sales prospecting

The Power of Teaming in Sales

By Jeff Beals

Generally speaking, we learn better and develop better ideas when we work in groups.  Human beings are social creatures.  Our ability to team up has allowed our species to build amazing structures and advance once-unimaginable technologies.

When two or more people put their heads together and tackle challenging problems, we often end up with amazing innovations.  Teams beat individuals.

But those of us who have chosen a career in sales tend to be individualists.  Some of us are even considered “lone wolves.”

Now, there are benefits to behaving like an individual when you work in sales.  Our profession requires quick thinking and the ability to confidently make decisions when you’re out on the road far away from the office.  Salespeople typically live on commission, which requires you to have tolerance for risk and a great deal of self-confidence.

The key is to combine the individualism that is necessary for success in sales with the human desire to be part of an advanced social organization.

If you roll your eyes anytime someone talks about your sales organization working as a team, take a look at these examples of when teaming up produces positive results for sales professionals:

1. Message Development

Prospecting is much more difficult than it was 10 or 20 years ago especially when you’re approaching new, cold prospects.  In such an environment, business acumen is critically important.

That means we have cutting-edge messages that engage and challenge prospects in ways that are meaningful for them.  In other words, you can no longer call a prospect and say, “I’d like to stop by your office and pick your brain.”  Instead, you need a compelling message that stands out in the sea of communication sameness.

Developing these messages is a great teamwork opportunity.  When a company invites me to their office to conduct a prospecting workshop, I challenge the sales reps to develop a series of compelling email, social, telephone and voicemail messages they can use to engage cold prospects.  If we have time, we do this as part of the workshop; if we don’t, I assign it as a homework project.

Here’s how it works:  Each member of the sales team develops a certain number of effective prospecting messages and then we share all the messages with the group.  All the sales reps can share in the creative bounty and start using the best messages right away

2. Professional Development

Albert Einstein said, “Intellectual growth should commence at birth and cease only at death.”

Indeed it is critical that sales professionals constantly learn.  Some of that learning can be individual – reading, watching webinars, personal research – but we tend to learn more and retain more of that knowledge when we learn together.

That’s why it’s useful to do in-house sales training, watch sales training videos as a team or go to conferences as a group.  Once a group of sales professionals is exposed to some form of education, it’s a good idea to talk about it together after the training takes place and try out some of the ideas as a team.

3. On-Boarding

Lately, I’ve been thinking about on-boarding quite a bit.  It came up as a conversation within the past two weeks in both of the mastermind groups I lead. Many sales leaders struggle finding the best ways to bring new sales reps up to speed and quickly maximize their talents.

Well, you can use the collective power of the current sales team to shrink the learning curve for new sales professionals.  Have each experienced member of your team sit down and think of all the most common objections they receive during meetings with prospects.  Then have each of them write down how they overcome those objections.

Similarly, have them list all the issues that pop up during price-and-terms negotiations and how they successfully handle those.

You can do this with other parts of the selling process as well.  The collective knowledge and experience of the group is a great teacher and prevents you from trying to reinvent the wheel every time a new person joins your team.

Jeff Beals helps you find better prospects, close more deals and capture greater market share. He is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

How to Beat the RFP Process

By Jeff Beals

Yesterday was one of our full-day meetings for the Sales Leader Mastermind Group, a leadership program my company provides for executives who lead sales teams.  Our mastermind discussions are always fascinating, but a particular topic came up that always rankles me: RFPs.  One of my members was lamenting that RFPs were becoming more common in his industry.

I find everything about the Request-for-Proposal (RFP) process to be irritating, and I rarely respond to them.  Clients who expect me to participate in an RFP are generally not good candidates for my customized services.

I hate RFPs, because they are one-sided, manipulative tools that reduce your offerings to disposable commodities and ultimately deliver mediocre results to the client. Everybody loses in the RFP process:

  • A company decides it needs a new vendor, so several employees sit down and think of all the things they do and don’t want and then dream up a bunch of hoops for would-be vendors to jump through.
  • They send the RFP to every potential vendor they can think of.
  • Prospective vendors practically do backflips trying to meet all the RFP requirements and end up rushing to meet the deadline.
  • The company that issued the RFP then examines all the proposals that were submitted and compares them.  Ultimately, they decide that some of the proposals are basically offering the same products/services, so they choose the lowest-priced bid.
  • And it can get even worse.  The finalists are sometimes pitted against each other in a bidding war to see who is willing to discount their price to the lowest number. It’s a race to the bottom.
  • The “winner” ends up doing a lot of work for too little money.
  • The client gets a product or service that is watered down or delivered by an inferior vendor who was willing to “give away the farm” in order to get the business.

This is not a recipe for happiness and high profitability.

Generally speaking, I recommend you respond to RFPs only when your relationship with the client is so strong that you are essentially guaranteed of winning.  Some companies have policies requiring that vendor relationships go out to bid periodically. If this is the case at one of your best client companies, tell them you will help write the RFP.  You can then write the RFP to favor you and the way you do business.

If you don’t write the RFP, or at least have heavy influence on the RFP, it very well could be an expensive waste of your time replying to the RFP.  An exception would be when the RFP is a mere formality designed to make shareholders feel better and you are the pre-chosen winner.

Now, I realize that there are some industries where RFPs are a rooted part of the culture. In other words, they’re so common that there’s no getting around them.  That’s not the case in most industries.  When at all possible, avoid RFPs.  You have little chance of winning.  Meanwhile, you spend tons of time and money preparing a proposal and get no revenue in return. If by some miracle, you are chosen, you’re probably going to get skewered on price.

When at all possible, just say “no” to RFPs!

The Top 41 Motivational Speakers

ResourcefulSelling.com just published its list of “Top 41 Motivational Speakers Who Can Energize Any Sales Team.”  Guess who made the list!

Check it out by clicking HERE.

Jeff Beals helps you find better prospects, close more deals and capture greater market share. He is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

Breaking Down a Bad Sales Voicemail

By Jeff Beals

As a sales consultant, I enjoy analyzing the various voicemail solicitations I receive each week.  Like you, I receive a lot of them.  Here is a transcript of a voicemail I received just yesterday:

“Hi Jeff.  My name is Zach, and I’m with [Company Name].  I hope you’re doing fantastic, man.  Uh, the reason for my reach-out is pretty simple.  My company, [Company Name], has a tool that identifies businesses that visit your website—show you what they look at even if they don’t actually contact you through your contact forms.  I work with a couple clients in your space.  I wanted to see if this was maybe something you wanted to learn more about.  We offer a free trial so you can see how the tool works for yourself.  Give me a call ###-###-####. Thank you.”

Now that you’ve read the transcript, I have one question for you.  Be honest. Would you call this guy back?

I chose not to call him back, not because I wanted to be rude, mean or inconsiderate.  I chose not to call him back, because he gave me no compelling reason to call.  Given that I am overloaded with stuff to do, I’m not going to allocate any precious time to call someone I don’t know, from a company I have never heard of and who gave me no compelling reason to call him.

Let’s break it down – what’s wrong with this voice mail?

1. The wording sounds like every other “salesman” in the world.  I recommend you avoid using terms like “reach-out” and “clients in your space,” because they sound like cheesy corporate speak.

2. Because I don’t know this person, I think it’s a little too informal to refer to me as “man.”  Some people might disagree with me on this.  The guy’s voice sounded very young.

3.  He started talking right away about HIS company and what HIS offering does.  Instead, he should talk about what matters to ME, the prospect.  His message would have been more effective had it started with something like this: “Business owners like you are missing out on countless customers, because you don’t fully understand who is visiting your website and what they are reading.”  See the difference?  Talk about what you believe matters to the prospect and not about yourself.  Frankly, I (and pretty much every other prospect in the world) couldn’t care less about the offerings of a company I’ve never heard of.

4. If you have to mention a free trial in your initial conversations, it means you lack confidence in your offering and/or you have done nothing to establish value.  When someone pushes the free trial too soon, in my mind, it’s code for “the offering is not good.”

Voicemail is a critically important prospecting tool.

The vast majority of prospecting calls go to voicemail.  Some sales pros gripe and grumble when they are automatically routed to a prospect’s voicemail.  They complain, that “nobody ever answers the damned phone!”

It is true that prospects are getting harder to reach.  It is also true that decision makers are more likely to let calls from unrecognized phone numbers go to voicemail.

But don’t consider voicemails to be a bad thing; see them as opportunities, little advertisements that can be customized exactly to each prospect’s unique situation.  Because you are most likely going to get voicemail whenever you call, it makes sense that you put a lot of thought and effort into each voicemail.

The key is to leave a voice mail that captures a prospect’s attention by relating to what truly matters to him or her.  If you leave voice mails about your company or your product’s features and benefits you are almost guaranteed not to get a call back.

Is your company planning a sales kickoff meeting this year?  At most companies, these meetings are filled with product-centric training sessions, boring PowerPoint slides and bleary-eyed sales reps wishing they were somewhere else.

I deliver entertaining kickoff sessions that are filled with ideas your sales team can start using the very next day.  Let’s help your sales team:

  • Bring new prospects into their pipelines
  • Shorten sales cycles
  • Increase average deal size
  • Sell value so they don’t have to compromise on price
  • Get motivated to crush it in 2019

Check out my Sales Training Menu with some new training courses for 2019.  Give me a call at 402-510-7468 to discuss a first-quarter sales training program or simply reply to this email.

Jeff Beals helps you find better prospects, close more deals and capture greater market share. He is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

Urgency: A Sales Lesson From the Far Side

By Jeff Beals

I was meeting with one of my coaching clients earlier this week, and he was lamenting that one of his top prospects wouldn’t call him back.  The prospect was a senior decision maker at large company.

As my client shared his frustrations, it reminded me of an old Far Side cartoon.  The Far Side was a syndicated, single-panel cartoon by Gary Larson that ran from 1980 to 1995.  I always loved Larson’s work.

At any rate, one of my favorite Far Side cartoons was captioned, “Same planet, different worlds.”

The cartoon panel is divided in half.  In the top frame, there is a man lying in bed staring at the ceiling with a thought bubble above his head that says, “I wonder if she knows I exist…Should I call her? Maybe she doesn’t even know I exist? Well, maybe she does…I’ll call her. No, wait…I’m not sure if she knows I exist. Dang!”

In the bottom frame, there’s a picture of a woman lying in bed staring at her ceiling with a thought bubble above her head: “You know, I think I really like vanilla.”

That cartoon cracks me up. Aside from aptly describing my teenage dating experience, it’s a metaphor for anyone who sells for a living.

As the cartoon so effectively illustrates, people have different priorities and different levels of urgency. As a sales professional, your level of urgency is often greater than that of your prospects.

Think about it. Your job depends on selling products or services.  You don’t get paid until you close a deal.  Because your livelihood depends on deal making, you have a vested interest in the process moving quickly and the purchase decision made promptly.

But your prospect could (and often does) have a very different timeline for a variety of reasons:

  • Your prospect might have to go through multiple layers of decision making inside his or her company
  • Your prospect might be considering additional options/vendors in addition to you and your offering.
  • In addition to making a decision on your proposed offering, your prospect has a hundred other things to worry about, some of which are more pressing and stressful.
  • Your prospect could be dealing with things in his or her personal life that take priority over a business decision, even an important business decision.
  • Your prospect’s “clock” might be different from yours.  Different people think and move at different speeds.  What’s “fast” to one person might be “slow to another.
  • Perhaps you haven’t done a good enough job of proving that your offering creates so much value that it deserves to be the prospect’s top priority.

If you find yourself in the sales equivalent of The Far Side cartoon, what should you do?

Stick to the basics.  Be persistent and focus on value-led messaging that focuses on the prospect’s outcomes.

When you discover exactly which part of your product or service most closely meets what the prospect most values at the time he or she most needs it, the prospect’s level of urgency suddenly will match and sometimes even exceed yours.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events this year. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events next year!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Jeff Beals is a consummate pro. With short notice, he put together an engaging, fun, sales-focused presentation full of specifics – just what our exec team needed. We’ll ask him back for annual company retreat again next year.” – John Baylor, President, On to College, Lincoln, NE

“In the three months since Jeff Beals became my sales coach, I have signed over 20 top-tier clients and have positioned myself among the top three sales producers in my company nationwide. Jeff has helped me create a beneficial success plan and ensures, through an accountability process, that I’m actively accomplishing my goals. Not only is Jeff an incredible coach, he’s a true friend, mentor and wonderful human being.” – Carter Green, Vice President of Sales & Marketing, Stratus Building Solutions, Oklahoma City, OK

(402) 637-9300

Characteristics of the Most Successful Sales Professionals

By Jeff Beals

You’ve surely heard about the 80/20 rule, which says 20 percent of sales professionals do 80 percent of the business.  I have generally found that to be true.  In fact, at some companies, it’s more of a 90/10 rule.

What does it take to be among the top 10 or 20 percent of producers?

When I look at the top producers with whom I work as a consultant, I see common characteristics that are consistent regardless of industry.  I like to call them “sales success factors.”

Characteristics of Top Producers

1. They are highly goal-oriented and monitor progress throughout the year.

2. They are obsessed with prospecting and disciplined to do it every day.

3. They have balanced personalities: Assertive and competitive but not aggressive or passive. In other words, they have a desire to win but still put clients’ interests first.

4. They tend to be more ethical than mid-level and under-performing reps.  This one might surprise some people, but unethical behavior will eventually bring down an otherwise successful sales practitioner.

5. They are always curious and have amassed extensive knowledge of their local, territory and/or industry marketplaces.  They have deep product knowledge.  They have most key things memorized, but if they’re asked something they don’t know, they can find the answer immediately.

6. They build and maintain relationships with a large, diverse group of people to whom they go for business opportunities, referrals and insider information.

7. They are organized in both their personal and professional lives.  They have a system of good habits.  They treat their time like it’s a precious resource.

8. The have the mindset of success: quickly accept responsibility for their mistakes and graciously accept credit for their successes.  They tend to be me more optimistic than pessimistic.

9. They are unapologetic/unashamed about working in sales and believe that selling is a critically important function in the overall success of the economy.  They are proud of what they do for a living.

10. They’re not afraid to call the question.  When it’s time to close the deal, they don’t hesitate.  They get it done.

As you read through the above list, how do you see yourself?  How many of these 10 success factors describe you?  If you are the leader of a sales team, how many of your reps possess most of the characteristics?

If any of the characteristics are weaknesses for you, now is the time to work on those deficiencies.  It’s never too late to develop better skills, habits and behaviors.  After all, there’s more room at the top than most people think.

IMPROVE YOUR PROSPECTING SKILLS!

Do you sometimes struggle with exactly what to say to get new prospects to engage?

If so, then you absolutely cannot miss our virtual training session on the new sales business language.

Join us, as we share:

  • Exactly what to say to engage a cold prospect
  • How to create value as a though leader
  • The tricks to identify your powerful insights which move clients to engage
  • How to completely differentiate yourself from your competitors.

You do not want to miss this content-heavy webinar on Oct 17th at 10 AM CT, as you will leave with new prospecting business acumen that will get prospects to engage.

You can include your whole sales department for just $99.  You’ll learn the strategies leading-edge companies are using to cut through the commoditization clutter and stand out.

Sign-Up NOW:  Oct 17th at 10 AM CT

Jeff Beals helps you find better prospects, close more deals and capture greater market share. He’s an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

To discuss booking a presentation, go to JeffBeals.com or send an email to info@jeffbeals.com or call 402-637-9300. 

The Price of Putting Off Prospecting

By Jeff Beals

Procrastination is one of the leading causes of poor sales performance, according to research published by Gong.io, a technology company that analyzes sales reps’ conversations for its client companies.

Gong’s data-science team analyzed 15 months of telephone conversations between sales reps and their prospects.  The results showed that average salespeople made far more calls in the last month of the quarter than the first two.  The success rate of those frenzied, last-month calls was measurably lower than calls made early in the quarter.

In other words, according to Gong, having a bad quarter almost follows a pattern: two “lazy” months of prospecting followed by a frantic third month characterized by a desperate scramble to drag prospects across the finish line in time to make quota.

The study showed that average sales reps (defined as being below the top 20 percent of performers), were far more likely to follow this pattern of procrastination than those who were consistently top-20-percent producers.

It is understandable why this happens.  After one quarter ends, you feel a sense or relief if you did well.  Even if it wasn’t a good quarter, you feel like you have all the time in the world to make your sales goal once a new period starts.

Legendary football coach Tom Osborne once said, “The odds are always against you no matter what your previous history is.  You have to overcome the tendency to relax.”

It’s hard to stay on top of your game and stay on top of your company’s leader board.

If you want to be a consistently elite sales professional, you need to push yourself just as hard at the beginning of a quarter as the end.  You need to be disciplined.  It helps to start strong.

In keeping with the football theme, a team’s performance during a game is largely determined by the way players practiced the previous Monday.  If you have a big victory over a key rival one weekend, it can be hard to come to practice Monday with adequate intensity.

How can sales practitioners keep the intensity?  How can you avoid the natural tendency to relax once a quarter ends or a big sale closes?

Prospect like your life depends on it.  Because it does!  Prospecting is harder than ever, so you need to be more diligent.  Prospecting is a mindset, a way of life.  You could even call is a “lifestyle.”  Embrace it. Welcome it.  Do it every single day of the week.  While prospecting can be nerve-wracking and frustrating, push through it.  If you are positive about it, you’ve won half the battle.

Time blocking.  You have to make prospecting one of your top daily activities.  You even have to do it on days you’re closing other deals.  Top producers literally reserve blocks of time for prospecting and they don’t allow any distractions during those times. I know of no other use of your time that is more likely to lead to long-term sales success than being a dedicated, disciplined prospector.

Make a plan.  While you need to be an enthusiastic prospector, you do need a plan. If you run to the nearest phone and start dialing cold prospects haphazardly, you’re wasting your time.  Your plan should include what types of people you target, where you get leads, how you do pre-call research, the language you use to establish value and the tactics you use to push them further down your pipeline.  Ideally, you make next quarter’s prospecting plan before the current quarter ends.

Jeff Beals helps you find better prospects, close more deals and capture greater market share. He’s an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

To discuss booking a presentation, go to JeffBeals.com or send an email to info@jeffbeals.com or call 402-637-9300. 

Happy Selling Season

By Jeff Beals

“Happy Selling Season.”

That’s what I said to members of my mastermind group as we finished our monthly teleconference yesterday.

What’s “Selling Season?”  It’s the period of time between the U.S. holidays of Labor Day (the first Monday in September) and Thanksgiving (the fourth Thursday in November).  It’s autumn, the harvest season.

As a sales practitioner, that two-and-a-half-month period has always been my favorite time of year.

Things get done and business happens during Selling Season.  Children are back in school.  Family vacations are over.  The holidays have not yet started.  People are back at their desks and trying to be productive.  Decision makers are zeroed in on their work and focused on making business decisions during that time.  Selling Season is when hard-working B2B sales pros can “make hay while the sun is shining.”

Upon mentioning Selling Season yesterday, one of my mastermind members asked me if I had any hard data that proves a larger amount of B2B sales happen during Selling Season.  I don’t, but it has always been the case for me.

Over the course of my career, I have basically sold three types of things.  In all three of those professions/industries, I have always been the busiest and had the most success in the early-to-mid fall (the second-best time of year is March through May).

Now that we are at the very beginning of Selling Season, what can you do to make the most of it?

I recommend you go on the offensive.  Selling Season goes by fast, so there’s not a lot of time to sit around and think about what you’re going to do.  Ideally, you prepare for Selling Season during the lazy-hazy-crazy days of summer when things are a little slower.  If you didn’t do that this summer, there’s no use in fretting over it.  Just jump into it and get going.

To maximize this rich time of year, practice of the discipline of “time blocking.”  That means you literally block out times during the week on your calendar during which you will make prospecting calls, direct emails or in-person visits.  Consider your time-blocking periods to be non-negotiable, in that you refuse to do anything but prospect during these protected time periods.

In order to be most efficient during Selling Season, do your prospect research and pre-call preparation during the weekends, evenings or very early morning hours.  Save the prime contact hours for direct communication with prospective clients.

When you go to networking events, go with a purpose in mind.  Too many sales pros miss lead generation opportunities when they don’t maximize networking events.  This is especially important if your clients tend to be geographically concentrated, i.e. you do most of your selling in one metro area.  Remember that you’re not going to networking events to socialize or hang out; you’re going to meet prospects.

Much of your success during Selling Season comes down to attitude, the right mindset.  Autumn is a time for you to go the extra mile.  Because prospects are more available and more focused on their work during the fall, we all need to work a little harder lest we waste an opportunity.

When you’re tired of calling, find the energy to make one more call.  When you’re tired of knocking on doors, stop by one more office.  When you don’t feel like going to an after-hours mixer, suck it up and go meet some prospects.

If you maximize your efforts and intensity during Selling Season, you’ll have a happier holiday season and you’ll likely be in an enviable position heading into 2019.

Jeff Beals helps you find better prospects, close more deals and capture greater market share. He is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

To discuss booking a presentation, go to JeffBeals.com or send an email to info@jeffbeals.com or call 402-637-9300. 

Harness the Power of Referrals to Make Prospecting Easier

By Jeff Beals

A client of mine once needed help opening a branch office in a different city.  I called a commercial real estate company owner I knew in that town.  The owner connected me with one of his young sales reps who was excited to receive the referral.  The rep thanked me profusely. I thought, “Well, I chose a great guy to do this deal!”

But that turned out to be the last time I heard from him.

Six months later, I ran into the client I had referred, and he told me he ended up doing a deal in that city. I asked how the rep to whom I connected him. My client’s response was troubling: “I actually never heard from him, so I used someone else.”

I was incensed. I called the sales rep and asked what had happened. He stammered a bit and basically told me he let the client “slip through the cracks.”  That was not something I wanted to hear.

The rep should have given my client extra attention simply because it was a client referred by someone. He should have sent me a short email each month during the deal keeping me up to date or at least notifying me each time the deal passed a milestone. I entrusted him with one of my precious clients, and he let me down.

By blowing off a referral, the young sales rep missed out on a golden opportunity, because referrals are one of the most important tools we sales practitioners have in our toolboxes.

You want to know the quickest path to prospecting success?

Use referrals.

It’s getting harder and harder to cut through the clutter and reach influential decision makers. That’s why referrals have never been more valuable than they are today.

In an era when buyers are jealously protective of their time, a referral from a trusted source is your ticket to the show. The higher up a prospect is in a company, the more important referrals are.

Reaching busy decision makers is not the only reason you should ask past/current clients for referrals.  By asking for business leads, you could find out about prospects who otherwise would remain hidden from your view.  There are essentially thousands of prospective clients out there who you do not yet know and who have not heard of you.  A referral is your ice breaker, a chance to know someone who could someday become one of your best clients.

Additionally, referrals can get prospects thinking about making a change even when the thought of changing hadn’t previously entered their minds.

For example, let’s say there’s a client who is marginally happy with their current vendor.  They’re happy enough that they don’t feel compelled to look around but they’re not so satisfied that they wouldn’t consider an unexpected solicitation from someone who referred you.  A referral could be just enough of a catalyst to make them consider a new provider. Referrals are catalysts.

Have No Fear

Despite the power of referrals, some sales professionals are hesitant to ask their current/past clients.  Perhaps they are worried the request will be an unwanted interruption in the client’s busy day.  Perhaps they’re worried they didn’t do a good enough job for the client.  Perhaps they fear “going to the well one too many times” — they already took time from the client when doing the deal, so they feel guilty taking more of the client’s time now.

If you have done a good job of serving the client while at the same time building trust, have no fear or hesitation asking for a referral.  In fact, you could make the argument that the referral actually strengthens your relationship with them.  It’s kind of flattering when a vendor wants me to make referrals on their behalf.  It shows me that I was an important and prestigious client.

Asking for a referral puts you and the client on the “same team” and creates more of a friendship between the two of you.  Furthermore, saying nice things about you to others reinforces and reminds your client why you’re so awesome.

Some clients might actually be a bit offended if you don’t ask for a referral. I once had a client with whom I worked a long time and built a nice friendship. After a couple years, I finally asked for a referral and testimonial.  Her response?  “I was wondering why you never asked me for that!”

Who Should You Ask for Referrals?

  • A person whose name, title and profile make you look impressive
  • Someone who will say great things about you
  • Someone who is very pleased with your product or service
  • Someone with whom you have mutual trust
  • Someone who has a large number of valuable contacts

When Should You Ask?

There’s no set time in the sales process when you are supposed to ask for a referral. That said, it’s probably best right after you have done a great job and your client is basking in your good work. Some sales pros are hesitant to ask a client from long ago.  Don’t fret if time has gone by.

Simply call and say something reminded you of them and how much you enjoyed working with them.  Then ask for a referral.

Referral Process

If prospects agree to give you referral, the best option is to have the referrer connect you directly They could make a coffee or lunch appointment for the three of you or perhaps send an email introducing you (“There’s someone you NEED to meet!”). If this isn’t an option, perhaps the referral giver could arrange a three-way phone call.

The second-best option is for the referral giver to send an email or make a phone call letting the targeted person know you’ll be calling and why they should talk to you.

If the referral giver isn’t willing to do either of the first two options, you will have to initiate the contact with the targeted person mentioning the referral giver’s name.  Before making this call, make sure you have referral giver’s blessing to go ahead and make the call.

Before you talk to referred targets, learn all you can by asking the referral giver about them and by researching them online.

Keep the referral giver informed throughout the sales process. It’s simply a matter of courtesy and is especially important if the referral giver is due a commission or referral fee.

Always be grateful for any referrals you receive. When clients allow you to use their names to seek business from their cherished contacts, they are putting their reputations on the line just to help you.  That means you have an obligation to treat those referrals with the utmost care and respect.  Caring for referrals is a sacred trust in the sales world, so take your job seriously.

New Prospecting Masterclass Will Help You

If you want to get your prospects’ attention, you need compelling language that convinces them you bring relevant value.  That’s what my prospecting masterclass is all about.

If your sales team is not prospecting as effectively as it could, schedule this in-depth masterclass for your office.  It can be a half- or full-day program.  Either way, it will give the sales reps in your company actual language they can use to turn cold prospects into paying clients.

Click HERE for an outline of this interactive prospecting workshop!

  Jeff Beals helps you find better prospects, close more deals and capture greater market share. He is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He delivers compelling speeches and sales-training workshops worldwide.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.

Perpetual Prospecting Is the Key to Beating the Sales Cycle

By Jeff Beals

Do you invest in the stock market?

If so, you’re probably aware of the constant waxing and waning that characterizes the life cycle of the stock market. What goes up eventually goes down and what goes down eventually goes up.

If you’re a long-term investor, you tend to wait out the market cycles and instead count on the long-term growth that has always happened in the market over extended periods of time.  If you’re a short-term investor, you may be playing the cycle, hoping to buy or sell at precisely the right time.

Either way, the stock market goes up and down.  When markets are optimistic, investors begin to feel enthusiasm, then exhilaration.  Eventually, it starts to feel like you’re invincible, that every investment you make pays off.  That false belief compels some investors to make reckless decisions and take questionable risks.

Just as the stock market reaches its feverish peak, the bull market ends.  Most people don’t realize it right away, and investors often go through a period of denial.  But eventually pessimism sets in, which leads to panic and then despair: the bear market.  Of course, when people are depressed at the bottom of the trough, that’s when things slowly start to trend upwards, starting the whole cycle over again.

Sales practitioners tend to go through cycles quite analogous to the stock market: highs and lows, peaks and valleys.

At the peak of the prospecting cycle, the “bull market,” you have so many deals to close and so much easy business that you’re tempted to put off prospecting activities.  Of course, that eventually leads to an empty pipeline.  When you realize you have no prospects in the pipe, you prospect like crazy, which eventually leads to another up cycle.

If your personal sales cycle is too volatile, you are putting yourself under a great deal of stress.  There’s one secret to evening out your cycle while keeping your revenue going up each year: perpetual prospecting.

Prospecting is the key. It’s the reason 20 percent of sales reps do 80 percent of the business (In some companies, it might be closer to 10/90).  It’s the reason why some sales reps do well even during a recession.  Prospecting separates the good from the great.

I like to define prospecting as “the art of interrupting someone when they don’t expect to hear from you in order to provide them with something they need that they might not yet know.”

As that definition implies, there is one aggressive part of prospecting: “interrupting someone.”  But the rest of the definition implies that sales reps are doing prospects a favor by introducing them to something important: valuable products and services.

If you want to be a better prospector, and consequently make more money, here are five quick pieces of advice:

Prospect Life Your Life Depends on It

Your sales life DOES depend on prospecting.  Ideally, you should consider prospecting to be a mindset, a way of life and a fundamental part of your company’s culture.  When things are going well and you’re closing so many sales you can hardly keep up, you still need to carve out at least a little time for prospecting.

Be an Opportunity Detective

Turn over every rock and scratch the dirt.  Opportunities are often buried layers below the surface.  Keep in mind that every person you meet could potentially lead to business and that prospects can theoretically be found any place you go.

Apply Discipline to Your Prospecting

In order to make sure you prospect perpetually, block out a couple periods of time each week that are reserved for prospecting activities: telephone calls, personalized direct emails or showing up at prospects’ offices.  This time should be a non-negotiable calendar commitment not to be interrupted or rescheduled unless it’s an emergency.

Be Obsessed with Prospect Value

When you engage cold prospects, you want to talk about things you believe they value instead of talking about you or your company.  For instance, too many sales reps start prospecting messages with statements such as: “We’ve been in business since 1910,” or “We offer a full suite of IT solutions.”  Instead, research the prospect before contacting them and talk about what they value and then be ready to explain how the outcomes/results of your products and services satisfy those values.

Plan Ahead

Nobody plans to fail but sales practitioners regularly fail to plan.  I recommend you map out your weekly prospecting plan on Sunday evening or early Monday morning.  Decide who you’re going to contact and research those prospects ahead of time.  That way, when you get to your dedicated prospecting time, you’re focused on communicating instead of digging through websites and looking up LinkedIn profiles.  If you do anything other than communicating during dedicated prospecting time blocks, you’re wasting the prime calling hours.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant.  He has spoken in 5 countries and 41 states.  A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events this year. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events next year!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

“Jeff Beals is a consummate pro. With short notice, he put together an engaging, fun, sales-focused presentation full of specifics – just what our exec team needed. We’ll ask him back for annual company retreat again next year.” – John Baylor, President, On to College, Lincoln, NE

“You brought great value to our event. The workshop was a huge experience for our attendees by giving them the opportunity to improve their work in the critical environment in which we are living today. Your talent as a speaker and your qualities as a person made the difference during your time with us. I would certainly recommend you to anyone who asks.” – Ana Paula Costa, Educational Planner, Febracorp, Sao Paulo, Brazil

(402) 637-9300

The 8 Biggest Mistakes Sales Reps Make When Leaving Voicemails

By Jeff Beals

Let’s say it’s Tuesday morning at 7:30, the start of your weekly phone prospecting time.  You did your pre-call research the previous day and have your list of prospects ready to go.  You sit down at your desk, dial the first prospect’s number and…

You get their voicemail, of course.

The vast majority of prospecting calls go to voicemail.  Some sales pros gripe and grumble when they are automatically routed to a prospect’s voicemail.  They complain, that “nobody ever answers the damned phone!”

It is true that prospects are getting harder to reach.  It is also true that decision makers are more likely to let calls from unrecognized phone numbers go to voicemail.

But don’t consider voicemails to be a bad thing; see them as opportunities, little advertisements that can be customized exactly to each prospect’s unique situation.  Because you are most likely going to get voicemail whenever you call, it makes sense that you put a lot of thought and effort into each voicemail.  I know sales reps whose voicemails are so good and so effective, they would RATHER get a prospect’s voicemail than reach him or her on the first attempt.

In order to make your voicemail efforts more fruitful, here are some common voicemail mistakes that every sales rep should studiously avoid:

1. Talking too much

Sales voicemails should be less than 20 seconds.

2. Giving up too soon

It typically takes eight or more voicemails to get a prospect to call you back.  Most people quit after two or three messages, because they’re worried about being pesky or sounding desperate.  I’ll admit it feels weird to carpet bomb a prospect with eight or more voicemails, but if each voicemail highlights something of value, they are really effective.  If you are persistent there’s a good chance they’ll call you back.

3. Touching base

Never say, “I’m calling to touch base,” or “I’m just checking in with you.”  Those are annoying voicemails to receive, because they provide nothing of value to the recipient.

4. Talk about yourself

Never leave a litany of features and benefits on a voicemail.  Never talk about how great you are, how many awards your company has won or the combined years of experience your staff has.  Your prospects only care about how your product or service makes their lives better.

5. “I’m going to be in your area next week and would love to stop by and take just 20 minutes of your time.”

Just because you are coincidentally going to be in a prospect’s city, doesn’t mean that a prospect wants to drop everything she has going on and spend time with you.  Your travel schedule is irrelevant to a prospect if you have failed to catch his imagination in the first place.

6. Trying to say too much

If you only have 20 seconds to leave a voicemail, you only have time for one idea.  If you have more than one burning thing you want to say, save the second thing for the next voicemail.

7. Forget to leave your call-back number

One of the easiest excuses a prospect has to NOT return a voicemail message is if the call-back number is not readily available.  Only 7 percent of sales voicemails are ever returned, which means it’s hard enough to get call backs.  Don’t do anything that lowers the likelihood.

8. Being misleading

Some sales reps like to deceive prospects in their voicemails either by implying that they are returning the recipient’s call (even though the recipient never called them in the first place) or by name-dropping a person they don’t really know. You don’t want to do anything that comes back to embarrass yourself if you do end up getting a meeting.

Jeff Beals shows you how to find better prospects, close more deals and capture greater market share.  Jeff is an international award-winning author, sought-after keynote speaker, and accomplished sales consultant. A frequent media guest, Jeff has been featured in Investor’s Business Daily, USA Today, Men’s Health, Chicago Tribune and The New York Times.”

Here’s Why Should You Choose Jeff Beals as Your Next Speaker:

“Jeff Beals has presented four different topics at five of our internal events this year. At each event, the audience of commercial real estate principals and agents was completely engaged and motivated the entire time. Jeff facilitates his training sessions in such a way that each member of the audience was able to relate and understand how to apply it every day in the field. Jeff is brilliant, and we have hired him to continue speaking at our events next year!” – Lindsay Fierro, Senior Vice President, NAI Global, New York, NY

I’m in Phoenix and had breakfast earlier this morning with our semi-retired sales representative who is doing some continued work for us here.  He attended your sales meeting last week and told me that in 43 years of selling, you were the best he had ever heard.  Thanks for a great experience.” – Drew Vogel, President & CEO, Diamond Vogel Paints, Orange City, IA

“Our corporate partnership team had great takeaways regarding how to network smarter while also understanding the importance of our personal brand to current and prospective partners. Jeff does a great job weaving in real-world examples and how you can apply his teachings to growing your business and building long-term partnerships.” – Jason Booker, Senior Director of Corporate Sponsorships, The Kansas City Royals Major League Baseball Team

+1-402-637-9300

info@jeffbeals.com