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Let Your Current Customers Help You Find Your Next
Sales Lead
by Greg Evershed
How does your organization develop sales leads? How many
of your leads are “qualified” leads –prospects
with a defined need and ability to buy? Do your sales people
complain that they don’t receive enough “qualified”
leads?
Often the responsibility for lead generation rests
with the marketing department which is given a mandate to
develop “qualified” leads without any guidance
on how to target prospects or how to develop a message that
creates interest. How do you uncover more “qualified” leads and increase the productivity of your field sales people
as they follow-up on them?
The answer lies in understanding your current customer base,
your typical customer profile.
What are the common attributes
or characteristics of customers you serve now? How do they
use your products or services? What is it they value most
from your offerings? A through understanding to these questions
will enable your organization to target prospects with realistic
potential.
Use the following steps to increase the productivity
of your lead generation program and achieve your new business
goals. This process can provide a significant increase in
solid leads –those that can be converted to sales.
1) Understand the value your existing customers experience
from a relationship with your organization.
Start by asking
your sales people what their customers’ value most in
their relationships with your organization. You might also
consider having your salespeople conduct interviews with your
current customers for the purpose of thoroughly understanding
the value they perceive in your business relationship and
why they choose to buy your product or service.
2) Once you have identified the added value your organization
provides, the next step is to analyze the buyers of your offerings.
Understand whom by job title or function makes the actual
buying decision for your product or service. When evaluating
who buys your offerings remember that the individual that
issues the purchase order may not be the individual that makes
the actual buy decision. Here, you want to identify the individual
(s) authorizing the expenditure. What is most important to
them when they make a decision to buy from you?
3) Finally, look at who uses your offerings. Is it the same
person that makes the actual buy decision?
Often the buyer
and the user of a product or service are not one and the same
person. When this is the case, there may be different motivations
in selecting your offering over a competing offering. The
financial buyer may be interested in a competitive cost or
may be looking at the best overall solution to a need where
the actual user may be motivated more by quality of product,
delivery or efficiency.
Now that you have developed a profile of characteristics
of current customers, have defined the value you provide and
understand who the key decision makers and users are, you
have the foundation for a more effective, focused lead generation
program. Target new prospects that fit your customer profile
with a message that communicates the value you bring to the
marketplace. Focus your efforts on the identified decision
makers and end users but customize the message to appeal to
their differing needs and motivations.
Following this process will yield a higher rate of productive
sales leads and you may learn some new things from your existing
customers that will increase your ability to retain them and
sell better in the future.
Greg Evershed has over 23 years sales experience
in B to B markets. His consulting practice focuses on assisting
clients to develop strategic selling plans and selling processes.He
also conducts customized sales training programs focused on
solution selling.
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DECIDING WHETHER OR NOT TO FREELANCE OFFSITE OR ONSITE Deciding to work onsite or offsite sounds like a relatively simple decision, but it's actually one which isn't easy to make. Sure, when you're lying in bed just after the alarm has gone off and you see that it's raining outside and all you wish was that you could go back to bed for ten minutes and then do your freelance work from home, working offsite sounds ideal. But there are as many cons to the offsite work job as there are pros and you need to weigh them carefully when making the decision about whether to work onsite or offsite.
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The followup to Brendan Sinclairs successful Web Design Business kit is a comprehensive look at all the business aspects of working as a web designer. It's thorough and has some excellent advice in it.
A complete, secure, online billing application that maintains hourly service billing, flat fee billing and recurring charges. Integration with Authorize.Net and other leading payment gateways provides hands-free recurring billing with a sophisticated CRM system.
Browse through our extensive list of free Business, Computer, Engineering and Trade magazines, white papers, downloads and podcasts to find the titles that best match your skills and interests; topics include management, marketing, operations, sales, and technology. Simply complete the application form and submit it. All are absolutely free to freelance professionals who qualify.