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Do You Focus on the Highest Potential Customer?
Helping Sales Professionals Rise to the Top
It is so easy to do that which is comfortable and easy as opposed to that which is smart. It’s a common temptation to which every sales person succumbs at least some of the time.
This applies most dramatically to the fundamental decisions that every sales person makes over and over again every day:
· Where should I go?
· Who should I see?
· What should I do?
Those sales people who consistently make those decisions most effectively rise to the top of the sales profession, and those who don’t, don’t.
Here’s an example.
Building Relationships
It’s Monday morning, and you must make those decisions. You could attempt to see a high potential prospect, or you can go see a small customer. You know the customer will probably see you – he likes you. And you’ll spend an hour or so in friendly conversation. You also know that the likelihood of increasing the business with this customer is next to nothing. But, since it’s comfortable and easy, you choose to see the customer. You rationalize it by claiming to be “building relationships.”
Or, you are all set to visit that high potential, but challenging prospect, when you receive a call from a “C” account who has a question. You are not too distant from them, so you change plans and drive to see the “C” account. Why? Because you know that he’ll see you, and you’ll be able to answer a question, and that makes you feel important, and gives you a sense that you are actually accomplishing something.
In both cases, you chose to do that which was comfortable and easy, as opposed to that which was smart. You succumbed to the temptation.
This is such a common thing among B2B sales people that those who “focus on spending the greatest amount of time with the highest potential” stand out on the basis of this one best practice alone.
Manage Time
That doesn’t mean that you totally neglect smaller customers. But it does mean that you define, with some rigor, the highest potential customers in your territory and you then, with discipline and willfulness, spend more time with them. My recommendation? Fifty percent of your time with the top twenty percent of your territory, and fifty percent of your time with other eighty percent. Note that the definition of the top twenty percent is based on potential, not necessarily the amount of the current business. So, in other words, an “A” account is a high potential account, even though they may spend nothing with you now.
This is such a crucial practice that it is a part of almost every seminar and training session that I do. Those who consistently implement it routinely report dramatic increases in sales. Most commonly, they report tripling their business in two years.
While that sounds almost too good to be true, it isn’t. It is predictable and almost routine for those who consistently practice it. That’s why it’s a best practice.
Articles by this Author:
- Listening Skills that Provide the Competitive Edge for Successful Selling
- Conquer These Time-Wasted Habits and Start Selling!
- Selling Commodities: Are You Different from the Competitors?
- A System to Nurture Your Prospects and Create Success Stories
- Personal Goals vs Company Goals: What do you do when they don't match?
- Dicover the Hidden Path to Sales Success
- The 3 Most Commonly Made Sales Presentation Mistakes
- When Is The Right Time for Sales Training?
- The Top Five Practices of Super Star Sales People: Can WE Learn From THEM?
- What's The Most Important Skill To Be Successful In This New Economy?
- Avoid The Popcorn Effect And Create A Powerful Sales Marketing System
- What Is A Professional Sales Person?
- You Do Need A Game Plan for Success! Develop A Selling System
- Lackluster Sales: The Reason Behind Mediocrity
- If You Are Going to Present Effectively, You Must Prepare Thoroughly
- Are You Wasting Your Customers' Time? Add Value to Every Sales Call
- What is the Ultimate Indicator of Sales Success
- Finessing the Customer: Handling Objections
- Gaining an Advantage by Collecting Information about your Competitors
- Shaping the Salesperson's Character
- Popcorn Marketing
- Is Telemarketing Feasible For My Business?
- The Ultimate Survival Skill
- Can CSR's Become Proactive?
- Don't Fire All the Salespeople Just Yet!
- Myths of Sales Management
- What is a Professional Sales Manager?
- The Three Most Common Mistakes Sales Managers Make
- The Sales Blitz!
- FIP Principle
- Are There Best Practices for Salespeople?
- Why Good Salespeople Often Turn into Mediocre Sales Managers
- Is An Uneducated Sales Force Draining Your Profits?
- Just Listen!
- Don't Bring a Knife to a Gun Fight
- Attack Yourself
- Confirming Sales Appointments: Are You Asking For The Cancellation?
- What Not To Do On a Cold Call eMail
- I Just Called to See How Things are Going
- 5 Closing Questions You Must Be Asking
- Use the News: How to Create New Opportunities Fast
- 5 Secrets to Effective Email
- The 5 Best Openings
- 5 Ways To Keep Your Prospect Talking
- Protect Your Time
- Yes You Can!
- Secrets Buried In a Sales Person's Resume
- Define What You Want And Write It Down
- 10 Rules for Pricing Confidence
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