Colleen’s Blog

If your sales are suffering right now, I want to make you aware of a shocking statistic. According to a study conducted by our friends at InsideSales.com, an incredible 30% of leads are never followed up on by the sales team when passed on by the marketing department. Can you believe it?! It doesn't matter if you have a client base of 10 people or 10,000 people. Ignoring 30% of your leads is a great way to create a sales disaster in your business. At the very least, I'm sure we can all agree that even if your sales are on target, that extra chunk of business can't hurt! Now that we have that surprising stat out of the way, let's discuss what's required in your follow up.

Do you ever wonder what happened to good old-fashioned handwritten letters? Although communication tools like email have become the norm and have eliminated most practical uses for handwritten letters, it seems as though the transition period between the two methods of communication was almost overnight. In business today, it’s clear that letter writing is no longer in style. However, have you ever thought of how you can use this fact to your advantage? It isn’t a coincidence that most high ranked sales professionals that I know are also prolific letter-writers. Consider the benefits of writing a letter:

It's frustrating. When you see a sales rep struggling month after month, and missing target after target, it's enough to make any sales leader uneasy. The problem is most leaders handle poor performers the wrong way. There's a tendency to have "tough conversations" or attempt to punish them into higher performance. Some leaders even give poor performers the "cold shoulder" and allow a rep's professional performance to seep into their personal behavior towards them. These are all things that are extremely counterproductive and more often than not, contribute to more negativity and even worse performance. Luckily, there are strategies you can put into place to help improve their results. 

Is your market slowing down? Be sure not to get caught up in a “slow down” mindset! While most salespeople will complain about the market, the successful salespeople will be looking for ways to turn a negative situation into a positive one. The majority of salespeople fail to realize that a market slowing down is actually the perfect opportunity to revise sales strategies and increase sales activity. Think about it, the slower market does not just create problems for you, your competition is likely struggling as well. Chances are they're facing the same challenges your sales team is facing, so it’s important to capitalize on this opportunity. By switching yourself from a  “slow down” mindset to a “speed up” one, you are essentially taking the first step towards achieving prosperity in difficult markets.

How long do you typically take to get back to a prospect upon receiving an inquiry from them? Anything longer than 24 hours is too long. Your customers are busy people - by taking too long to respond you’re letting go of an otherwise potentially easy sale. ← Click To Tweet The number of salespeople and organizations who let days or weeks pass before responding to an inquiry is absolutely staggering. This type of behavior not only breaks several rules in sales etiquette but also displays a complete lack of professional etiquette as well. If you're looking for the easiest, most foolproof way of losing a sale, just trick yourself into believing that your potential customer will be at your beck and call and ready to buy whenever you feel the urge to reply to them. For example: I once sent an inquiry to a company about buying a tradeshow booth. I expressed a strong interest in their product and indicated that I simply needed a few pieces of information before making a purchase. I expected a prompt reply due to my clear readiness to buy their product.