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Top 6 Factors for Killing a Sales Opportunity or Prospect

  
  
  

Dave Kurlan is a top-rated speaker, best-selling author, sales thought leader and highly regarded sales development expert.

I hear this question a lot..."When should I move on?"

You have left 6 messages and haven't received a return call.

You have a prospect and things were moving along pretty well and now you can't get them back on the phone.

Should you move on?

First, the data is clear on this - it takes an average of 8 attempts - eight! - to reach a prospect.  And if it's a prospect that is already in the sales process, you probably screwed something up....

Second, whether or not you should move on is dependent on six factors. I'll list them here:

Factor #1 - The Size of Your Prospect Pool:  If you have thousands of potential prospects, it's easy to say, "next!", while if your pool of potential prospects is limited, "next" is not a viable option.

Factor #2 - The State of Your Pipeline: If your pipeline is filled with quality opportunities, it's easy to say, "next!", while if your pipeline is on the empty side, "next" is not a viable option.

Factor #3 - Competitive Nature: If you don't mind losing, it's easy to say, "next!", while if you can't stand to lose, "next" is not a viable option.

Factor #4 - Odds: If you don't have much of a chance to win the business, it's easy to say, "next!", while if you have a good chance to win the business, "next" is not a viable option.

Factor #5 - Profiling: If the prospect doesn't fit the profile of your ideal customer, it's easy to say, "next!" while if they are right in your sweet spot, "next" is not a viable option.

Factor #6 - Leverage: If the prospect was using you to keep their existing vendor/supplier honest, it's easy to say, "next!" while if low price isn't a factor and there isn't an existing vendor in place, "next" is not an option.

Can you think of any more?



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Posted by Dave Kurlan on Tue, Mar 29, 2011 @ 09:55 PM

COMMENTS

FYI

posted on Wednesday, March 30, 2011 at 4:12 AM by harris


What is not explicitely stated but can be deduced from this is what one needs to do to be in a position where saying "next!" comes easier. From my point of view the things that we can have the most control over are: 
 
1. Keep your pipeline full 
 
2. Have a clear mental picture of what your ideal client profile is 
 
3. Work on your internal scripts so you can be more ok with losing.

posted on Wednesday, April 06, 2011 at 9:22 AM by Jeremy


Perhaps when the salesperson is too weak for the position of sales? Then "Next" should stand for "Next Career"! Of course they could opt to get help from the hundreds of sales coaches and companies out there, but their ego will probably get in the way of that, too. 
"Next please" on the next article on the subject of prospecting Dave. They are all inspiring and help me help my clients - thanks!

posted on Wednesday, June 15, 2011 at 10:38 AM by Mike Shannon


Comments have been closed for this article.