By Jim Hingst @hingst_jim
Opportunities for new business don’t often knock at your door. More often than not, you have to do the knocking. And as any experienced sales person knows, you have to knock on plenty of doors before one opens up. That amounts to a considerable investment in time and effort. For that reason, once you have an opportunity, make sure the door doesn’t slam shut.
The reality is that many
of us let opportunities slip between the cracks, because we just don’t follow
up. Sales people have many reasons and
even more excuses for their failure to follow up.
One of the biggest
reasons is fear. For some making any type of call, whether on the phone or in
person, is painful. Let’s face it, telemarketing is tough work, and not
everyone is cut out to do it.
Procrastination in
making phone calls is a common manifestation of fear avoidance behavior. Sales
people, who link follow up calls with imagined unpleasant consequences, avoid
making the call. To change your behavior you may want to use psychological
leverage…sort of a mental jujitsu to execute a reversal. In your mind, you need
to link not making the call with an unpleasant consequence. For example,
imagine not making the call with losing the sale to an aggressive competitor.
Imagine how painful it will be explaining how you lost the sale to your
boss. Or imagine the lost revenue that
could have helped you pay your bills and avoid bankruptcy.
Some of us are afraid
that frequent follow up calls can be perceived as being pushy and will lose us
the sale. I will agree that getting a call from a sales people who “just wants
to follow up” is a waste of my time and an annoyance. The best way to avoid
being a pest is to make your follow up call for a reason that gives the
prospect some added value. That value added might be ideas on how the
prospect’s current design could be modified or an alternative material used for
manufacturing the prospect’s graphics. Remember,
that your job as a sales person is to aid the prospect in his or her decision-making
process. The best way you can do that is by providing useful information to aid
in either the development or the implementation of the graphics program.
Many sales people
just give up before they should. Of course, you will encounter some prospects
that are lost causes, but those will be few and far between. The general rule
of thumb in sales is that you will make an average of five calls before closing
a sale. So if you haven’t made at least that many calls on a viable prospect,
you haven’t tried hard enough. So keep on calling.
Perhaps the most
common reason that sales people don’t follow up is that they just forget. The primary
reason that people forget is that they don’t have a good follow up system in
place.
A follow-up system
can be as rudimentary as a deck of 3” x 5” note cards or a tickler file. It can
also be as sophisticated as a Customer Relationship Management (CRM) program,
such as Salesforce.com. It really
doesn’t matter, whether you use a low tech or high tech system. What’s
important is that you have a system and that you make using it part of your daily
routine.
A CRM system allows
you to build a profile of your prospects so you can better understand their
needs and how you can provide value to their company. A customer profile should
contain key information such as key contacts, phone numbers, email addresses and
the scheduled call back date. Some programs will also provide you with a tool
for assessing the effectiveness of your sales and marketing efforts.
In working for a
fleet graphics company, our CRM program allowed us to easily track how many
leads were entered into our system each week and how many phone calls were made.
We gauged our weekly performance against specific goals that we established for
our marketing program. Using this system, we could also print a report for each
sales person listing the follow up calls, that they were required to make.
In addition to making
follow up calls on new prospects, don’t forget to regularly call your existing base of customers, or they will
forget you. Calling your existing customers is a great way to identify new
needs. It’s also a great way to recognize potential threats from your competitors.
That way you can take corrective action so you can preserve the business and
minimize your attrition rate.
Follow up isn’t
restricted to phone calls or face-to-face meetings. To complement your
telemarketing and sales efforts, you can also incorporate newsletters, e-mail
blasts and a company blog as part of your follow up. These communications
should provide your customers and prospects with interesting and useable
information. If your business is primarily fleet graphics and building
graphics, you could write articles using a case study format to chronicle the
programs that your company developed. A problem-solution storyline is usually
effective. The problem might be an outdated identity or a competitive
marketplace. The story could also revolved around difficulties in implementing
previous graphics programs. The rest of the story covers the solutions your
company provided. It should also reinforce why the customer or prospect should
do business with you.
While e-mail is a
cheap and easy way to reach a large audience, much of it does not get read.
While many consider snail mail outdated, advertising executive Drew McLellan of
the McLellan Marketing Group believes that direct mail is often more effective
than e-mail. A well-designed direct mail package can deliver your graphics
message better than electronic marketing, because it is much more visual and
takes a little more effort to discard than just pressing the delete button.
Direct mail works.
Famed car salesman, Joe Girard, who set unbroken industry sales records, used
direct mail and telemarketing to build his business and ensure a steady flow of
customers. Each month he sent out post cards to key prospects to keep his name
in the forefront of their minds. When the prospect was finally ready to buy,
who do you think they called? Joe
Girard! You can do the same.
When I worked for a
large fleet graphics screen printer, each week we mailed hundreds of direct
mail packages. A few days after mailing, we followed up with a phone call. Combining the phone call with the mailing
dramatically improved our response rate.
Conclusion. According to sales guru, Andy Paul, CEO of
Zero-Time Selling, “40% to 50% of all inbound sales leads are never followed
up.” It is hard to get a hit, if you don’t step up to the plate and take your swings.
Responding in a
timely manner is also critical to sales success. What does timely mean? For
most customers and prospects, it means right now. In a face to face sales call, it makes a good
impression on a customer if you can provide him or her with an answer
immediately. There’s nothing wrong with
phoning from the customer’s office to make an inquiry. Now that’s follow up.
And if you can get a customer an answer right then and there, in many cases it
provides you with an opportunity to close the sale.
In many cases, your
response in answering a question is a race against the response that a
competitor will provide. Providing fast, complete and reliable answers will
build trust and credibility in the prospect’s mind and can earn you the
business. Coming in second place in providing information can cost you the
sale.
By making follow up
with your customers and prospects part of your daily routine, you will have an
edge over those competitors who do not follow up, and reward you with an
increase in business.
About Jim Hingst: After fourteen years as Business Development Manager at RTape, Jim Hingst retired. He was involved in many facets of the company’s business, including marketing, sales, product development and technical service.
© 2015 Jim Hingst
Hingst began his career 42 years ago in the graphic arts field creating and producing advertising and promotional materials for a large test equipment manufacturer. Working for offset printers, large format screen printers, vinyl film manufacturers, and application tape companies, his experience included estimating, production planning, purchasing and production art, as well as sales and marketing. In his capacity as a salesman, Hingst was recognized with numerous sales achievement awards.
Drawing on his experience in production and as graphics installation subcontractor, Hingst provided the industry with practical advice, publishing more than 150 articles for publications, such as Signs Canada, SignCraft, Signs of the Times, Screen Printing, Sign and Digital Graphics and Sign Builder Illustrated. He also posted more than 325 stories on his blog (hingstssignpost.blogspot.com). In 2007 Hingst’s book, Vinyl Sign Techniques, was published.
© 2015 Jim Hingst
Nice Blog Post!! Thank you for sharing this useful information about CRM. I appreciate your effort in this blog Contact us if you need any help Best CRM Services
ReplyDelete