ch. 7 prospecting—the lifeblood of selling chapter 7 copyright © 2006 by the mcgraw-hill...
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Ch. 7 Prospecting—The Ch. 7 Prospecting—The Lifeblood of SellingLifeblood of Selling
Ch. 7 Prospecting—The Ch. 7 Prospecting—The Lifeblood of SellingLifeblood of Selling
Chapter
Chapter
7
Copyright © 2006 by The McGraw-Hill Companies, Inc. All rights reserved. McGraw-Hill/Irwin
7-2
Exhibit 7-1: The Selling Process Has 10 Important Steps
10. Follow-up10. Follow-up
9. Close9. Close
8. Trial close8. Trial close
7. Meet objections7. Meet objections
6. Determine objections6. Determine objections
5. Trial close5. Trial close
4. Presentation4. Presentation
3. Approach3. Approach
2. Preapproach/planning2. Preapproach/planning
1. Prospecting1. ProspectingThe sales process is a sequential series of actions
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Some Prospect, Some Do Not
Many salespeople prospect, both those selling business-to-business and those selling to consumers
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Prospecting–The Lifeblood of Selling
Qualified prospect is MADMoney
Authority
Desire
7-5
Steps Before the Sales Presentation
Prospecting > appointment > planning Rule of thumb
40% preparation20% presentation40% follow up
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Prospecting–The Lifeblood of Selling
Prospect – Prospecting – Lead – might be a prospect
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Where to Find Prospects
Sources: industry directories,
Persons selling different services and goods might not use the same sources
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Planning a Prospecting Strategy
Prospecting requires a strategy that can be constantly improved
7-9
Prospecting Methods
E-prospecting on the Web IndividualsOrganizations
Cold canvassing: 1/10 cold calls Endless chain – customer referral Orphaned customers: salesperson left Sales lead clubs
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Prospecting Methods, cont…
Prospect lists Center of influence Direct mail Telephone and telemarketing Networking
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Prospecting Guidelines
Three criteria are:1.Customize
2.Concentrate
3. Call back
Always keep knocking on prospect’s and customer’s door to help them