DMN8 the Day

Prospects - DMN8 the Day 113


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So we're talking about building a bulletproof business. Building a bulletproof business. This should get you into a very contemplate state of where you're at in your business and what you want to have happened in the next year, three, five years. Like we should all always have a plan. We should always understand those plans. We should always write those plans down, and we should share those plans with our team. But part of the foundational success of a business is the ability to find and to communicate to prospects on a consistent basis. Now I've talked about customers, I've talked about customers, right? But you, you should also have a big, huge bank of prospects. Prospecting is the lifeblood of marketing for your business. Customers are the lifeblood of your business, but prospecting is the lifeblood of marketing for your business. So you should constantly be looking for new prospects that can pay you potentially money, because if you can find those prospects on a continuous, consistent basis, then you know that you're always going to get more customers, and getting customers is the name of the game. So what are some ways you should be prospecting continuously? Well, I think you should have multiple, multiple sources of prospecting. Sure, you're going to have some like, you know, things that are very high volume, let's call them things like pay-per-click. So Google ads, Facebook ads. You're going to have social media where you're posting on social media. Maybe, maybe you're a service business and you use yard signs or bandit signs. And if you are a service business, you should be using bandit signs on a weekly basis. Maybe you have direct mail campaigns. Maybe you do a lot of referral-type stuff where you're constantly reaching out to your customer base and asking them for referrals. In fact, I did an episode on how to create, a solid referral program that generates referrals for your business. You should be doing those things on a constant continuous basis, and then you should be communicating with those prospects. If they turn you down, they turn you down, continue to communicate. So we had, we had two different, communication channels. One was for customers and one was for prospects. Actually, we had three. Customers, current prospects, and declined prospects. And we communicated to each one of them on a monthly basis at a minimum. The declined prospects, they got a little pissy sometimes, and they would say things like stop and enter curse word, texting me, like stop, enter curse word, emailing me like stuff like that can say, I don't care. We would still communicate. We still continually communicated. And, those would turn into leads again and potentially business. We understood that 5% of our decline prospects would turn into leads over a 12 month period after they went into the decline state. So I wanted to get that 5%. I think we had like three to 4,000 declined prospects, at the end of the business when we went to sell it. So if I continue to communicate with them, I was getting 10 to 15 leads a month just from declined prospects. Why wouldn't I do that? Sending an email, sending a text. Like sending a piece of mail automated would generate 10 to 15 leads a month, well, sign me up. Right? But we get, we get confused and we think they don't want to hear from us cause they turned us down or they don't want this or that. No, no, no. You generated that lead. You paid the money for that lead. You should continually, continually communicate with that prospect. And if you're not, you're not building a solid foundation to build a bulletproof business. Again, automation and delegation will help you DMN8 your market. If you're not automating or delegating, you're not going to DMN8. And so prospect follow-up should be delegated and it should be continuous. It should be constant because if you're doing that prospect communication on a consistent basis, you'll definitely DMN8 the day.
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DMN8 the DayBy Gary Geiman

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