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Sales Lead Generation Ideas

Some thoughts and observations on all things business development related. Read on to learn about how to generate new sales leads and create sustainable lead generation activity...

Category Archives: sales leads

Reasons to Speculate on Prospect Meetings

‘We only want super qualified hot sales leads’ – is what we hear on a daily basis here at our lead generation company. AKA – get us meetings with people who have a need for our product or service and who are ready to buy NOW!

Frankly, that’s like looking for a needle in a haystack. Imagine how hard it’s going to be to find a company that not only needs what you are selling, but who is sat there waving the cheque book waiting for the phone to ring. Hard work, trust us. Fact is, if you are lucky enough to find any of the above they’ll most likely by already talking to suppliers, if not in an advanced state of negotiation on the deal – meaning you’ll be on catch up mode from the start.

So what’s the answer? ‘Speculate to accumulate boy!’ (as my Granddad used to say).

By speculation here we mean that companies looking to build their sales pipeline should research and target their ideal customers and start to network with them and book introductory meetings. There may not always be immediate requirements, but you’ll start the process of being in their thoughts as and when they do have a requirement.

More importantly – GO AND SEE THEM, don‘t just make a phone call. Things happen when you meet with people face to face. Such as:

  • Oh, you provide that service do you? I didn’t realise, we’re interested in a quote for that…
  • You should speak to XYZ company – they need one of those next month…
  • Try speaking to Peter in Marketing, he’s the man with the budget

    More than this, you leave with a new business ‘connection’ that, if used to your advantage should serve you well in the future.

    Make sure you:

  • Get referrals into other people with that company
  • Get ...read more
  • Understanding The Fundamentals Of Selling

    Generating leads is a vital part of the sales process. To help you get a better understanding of how to generate profitable sales leads, here are a few words to help you get a better understanding of the fundamental elements of selling.

    Prospecting

    Prospecting is essentially planning and researching. There are plenty of tried and tested clichés batted around warning you about the perils of not planning. “Failing to prepare is preparing to fail” is my favourite. But however worn out that saying is, it offers concrete advice.

    The first stage in the selling process is research. Or prospecting.

    This pre-sales research can be done from your desktop. It involves gathering as much information about your prospective client as possible. You can use search engines, news stories and social media to gather insight and background information on a prospect.

    When prospecting, pay particular attention to how your product or service can provide a benefit to your potential customer.

    Does it help them streamline a complicated process, saving them money?

    Does it help them gain market share by doing something their competition doesn’t?

    Once you’ve established how you can specifically help your prospect, the next part of the research stage is discovering who the key decision makers are. Make sure you aim for c-level and directors. It is far easier to be referred downwards than upwards.

    Here’s an acronym to help with your prospecting:

    MANACT

    M – Money. Does a budget for exist? Can you create a business case for one?

    A – Authority. Who is the key decision maker? Who will sign off on your proposal?

    N – Need. What specific business need are you helping to fix?

    A – Action. As the sales person, what future actions can you prepare for now?

    C – Is the deal competitive?

    T – Create a series of time bound events, leading to the sale being closed.

    Presentation

    Now you’re fully ...read more

    10 Things You Can Do To Maintain Momentum In Your Sales Cycle

    So, you’ve had your first meeting with that sales prospect you’ve wanted to speak to for a while. You think the meeting went well and your potential dream client was saying all the right things. You left feeling confident but…

    Now what?

    What Actions Can You Take To Drive The Sales Process Forward?

    There are many things you can do to build on the momentum of a successful initial sales meeting and avoid the dreaded, “We’re waiting for the client to get back to us” sales-sapping blackhole of no-return. But here are our 10 favourites:

    1. Establish a reason for a follow-up meeting

    Don’t just follow up with an email to answer your prospect’s questions. Instead schedule a meeting where you can teach, show or demonstrate your answers.

    2. Have a better understanding of your prospect’s procurement process

    Does your contact need to go through a complicated buying process? Learn how you can help make it easier. Find out exactly what your prospect needs to allow them to place an order without any hiccups.

    3. Get buy-in from the people controlling the purse-strings

    Providing a sound business model and examples of the sort of return on investment is how you can make sure the Financial Director is on your side.

    4. Engage the C-Suite

    Often the CEO or other C-level Director is the key to successfully turning your prospect into a loyal customer. Sometimes you need to target your sales pitch at what interests them.

    5. Don’t forget the Techies

    Arrange meetings with technical support/Design teams within your prospect’s company. Show them how to integrate your product, make them feel comfortable knowing support is available to them.

    6. Drip-feed relevant PR and product news

    Has your product just added Chinese language support which will let your customer access a whole new market? Does your widget now work on the ...read more

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