All customers are not created equal – 7 Prospecting Tips to Create The Best Customers
If you don’t like your customers, you only have one person to blame.
The topic of this podcast is not about customers – it is about the pre step – the prospect. Every customer was first a prospect.
Prospecting does not get enough attention – it is an essential activity for every business.
BUT not just an Activity – it is a Skill. Meaning: You can learn to do it better.
Prospecting needs both attention and intention.
You only have a limited amount of time in the day to do your work of selling – Don’t waste it on prospects that won’t turn into great customers.
How to Do Prospecting BETTER – 7 prospecting tips to create the best customers
Every time you make a sale, you’ve just lost your best prospectIts hard to sell something if you don’t have a prospect to talk toProspecting Every Day – always planting seedsGreat Business friend: committed to “5 income producing calls each day”The Goal for this podcast is this: The Golden Rule for Successful Selling is to spend more time with better prospects.
If YOU ARE a Business Owner, not just a salesperson – REMEMBER it is about better customers too.
Title: All customers are not created equal
7 Prospecting Tips to Create The Best Customers
Prospecting is planting seeds…
Before You START planting the seeds – know the soil
You, Your Business and the Book
LUKE 8:4- 8 The Parable of the Soil
Sometimes Called the Parable of the SOWER
So then the Sales Person is the sower
4 kinds of soil… only 25% of the seed took root and became a huge harvest
It says 100 times harvest. WOW!
NOT ALL SOIL IS GOOD SOIL. All Soil is not created equal. All Customers…same.
That’s what we are doing here – WE ARE EXAMINING THE SOIL
DON’T WASTE YOUR GOOD SEED ON BAD SOIL.
7 Prospecting Tips to Create The Best Customers
1. You have to understand your What it is you sell! Not just the features – THE BENEFITS.
The curse of the familiarSpend some time with this – really thinking through.How awful would it be if you didn’t existYOU HAVE TO BELIEVE IT IS THE BEST – if not2. Understand why your current customers buy
Ask themWhat do you like – What Frustrates you about our workAsk the Key Question3. Describe your ideal customer – THIS ONE IS BIG! Dream BIG!
I am serving them in a deep and meaningful way – my service is essential to their success! I am making an impact on them and their customers. THOSE KIND OF CUSTOMERS NEVER LEAVE YOUThey are customers for a very long time. Decades – measured in. Now you’re talking lifetime value! What is a customer worth? Not just a one time sale – $500 a month – but 6K a year – ten years = 60K.They are in a stable industry – Restaurants are not a good client for us.They pay their bills on time – every month. It’s not what you invoice – Its what you collect! AR is essentialThey are NICE people. You like them. You welcome their call. They appreciate the work you do. Some Business people think IT IS THEIR JOB TO BEAT UP VENDORS…They are Profitable. Doing work for them is In Your “Area of Expertise” – your margins are high – – – You are charging them a High Price – and they are totally OK with it.They are happy to refer you – or give you a testimonial any time.4. Focus on Customer Segments –
This is owning whole industries in your marketIn my neighborhood – Hendry Creek – access to the Gulf of Mexico. Realtor called – waterfront/authority.comFor us We Specialize in Hospitality – Country ClubsLearn the language and the Hot buttons for that industry5. Differentiate Your Business
How is your business different?Never apples to apples ALWAYS apples to oranges.We defy comparisonInnovation: Where is the untapped Secret of my business6. What must your prospect BELIEVE – if they are going to buy from you?
Selling is more than 80% emotional reasons – then LogicTap into the emotions of their beliefsCustomer Experience is important7. NOW…focus your energy on your best prospects…
You’ve done all this work – NOW use itBefore you invest yourself in planting a SEED – examine the soil.