How to Better Manage Your Sales Process ...
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Get your priorities in order, and watch sales roll in.
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Take Control of Your Sales Process
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I'm not suggesting you attempt to run power trips during your sales calls.
I am suggesting that you take personal responsibility for ensuring that each step
of your sales process unfolds in a timely fashion. At the very least, you must know
which step of the process you are in with any given prospect. The essence of any
process is that it is predictable and yields a certain result when followed. When
any step of your sales process is forgotten or not completed on time, according to
plan, the result changes. So establish the right plan and then follow it. By doing
so, you'll feel like you're maintaining control.
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Turning Prospects Into Customers
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You must know the total elapsed time of how long it takes you to move an enterprise
or individual from prospect to customer. Take a moment now and divide your total
sales cycle time into the following three priorities:
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Priority One: Revenue-Generating Activity. Prospects in this area are your
"highest-risk" prospects-the ones you've got the most time and resources invested
in; the ones that you've educated, nurtured and given your best ideas to. Therefore,
these folks could be easy pickings for your competition. As we all know too well,
this is also the place where things can go suddenly and mysteriously wrong.
Prospects can get cold feet, priorities can change and opportunities can vaporize.
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Clearly, with everything that's going on, everything that's at stake, your first
priority has to be to take all the steps necessary to make the sale happen with each
prospect that sits in this area. We have to make turning these folks into customers,
making sure their experience with our organization is superb, a top priority
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If you're not sure who falls in this area, use the following rules of thumb:
- You and your prospect have agreed to the terms and conditions of the sale, and they have an approved budget.
- The decision-maker of the sale has agreed to the time frame to begin the business relationship.
- All that's left now is for the decision-maker to sign your contract.
- Priority Three:
Conversion Activity. This is where you move your best prospects from priority two
into the final stages of making your sale happen. This typically involves product demos, products on loan,
responding with written proposals, finalizing the numbers and perhaps providing referrals.
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