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Don't Be a Lead Killer: Three Ways to Keep Sales Leads Alive

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In this article, you'll learn...

  • Three way sales reps often kill leads
  • Three ways to turn prospects to customers

Sales reps are the workhorses of the sales business. Nothing gets done, and no deals close, unless sales reps pick up the phone, make cold calls, and conduct the appointment-setting activities that ultimately lead to the sale. I love salespeople, and I'm proud to be in the sales business.

But, all too often, despite their critical contribution to a business, sales reps can get in their own way. They are often their own worst enemies when making appointment-setting calls and getting in front of decision-makers.

If not careful, they could be turning qualified sales leads into "not interested" responses. Or, they might unwittingly be turning moderately interested prospects into lukewarm business leads.

Here are three of the biggest ways sales reps kill leads—and tips for getting back on track for successful appointment-setting.

1. Ignoring Business Intelligence


Sales leads come in many flavors, yet few sales reps adjust their sales follow-up process to sync with the latest business intelligence available about those leads. On every appointment-setting call, and on every follow-up contact, the sales rep needs to ask herself, "What do we know about this prospect?"

For example, did the prospect already invest in a competitor's solution six months ago? If so, was that solution a long-term investment or a short-term Band-Aid fix? Your qualification questions should probe for those pain issues, and when you discover pain use that as your pathway to appointment-setting. In other words, your solution to the prospect's pain is the logic that drives the appointment-setting process.

How much do you know about the prospect's specific circumstances and specific pain points? If you are not serving up common-sense reasons for prospects to meet with you, you'll have a slim chance of getting time on the decision-maker's calendar.

Solution: Look beyond the immediate urge to conduct appointment-setting and close a deal. Work on understanding the broader picture of the prospect's challenges.

2. Mismatched Expectations

Many sales leads die within 30 seconds of a call because of a mismatch between where the prospect is in the buying process and where the rep's expectations are for how closable the lead might be.

Don't treat every prospect the same, because they're not. Even qualified prospects are not all eager to buy immediately. In the first 30 seconds, be careful not to put words in the prospect's mouth. For example, don't say, "I understand that you are in the market for a new system," or "I am following up on your interest to replace your current vendor." Do that, and the prospect will disappoint you.

After all, your lead-generator probed for pain issues and found out, for example, that your prospect is using a six-year-old system and her present vendor doesn't support the equipment any more. Even though the decision-maker knows she needs a new system, that doesn't mean she is actively shopping. Therefore, the statement you made in the first 30 seconds of the call puts the prospect on the defensive immediately. If the decision-maker says she is in the market, she is giving you permission to advance your sale.

Instead of assuming too much, open your phone call by saying, "I understand you are using one of the older x45 processing units. Those were great machines in their day. Is it still running well?" Ease into the lead by building rapport. You have a sales cycle to deal with that's most likely longer than 30 seconds. You cannot afford to assume that every prospect with pain issues is going to be a slam dunk.

Solution: Don't force the issue or apply a hard-sell approach. Don't approach your prospects with a sense of neediness and urgency. Remember that the focus of the call needs to be the prospect's pain, not making this week's quota.

3. Asking About Budget Too Soon

The dreaded "budget question" can quickly snuff out a promising deal. Too many sales reps are overeager to talk about budget. By asking up front, "What is your budget?" the sales rep will undermine her credibility and make the prospect feel pushed.

Of course, you don't want to waste your time trying to sell to unqualified prospects, but addressing the budget issue has an appropriate time, place, and process. Prospects want to know that you care, first and foremost, about solving their problem, not calculating your commission.

Solution: Instead of asking up front for the prospect's budget, talk about costs and benefits. Show them how your solution can save them money. If you build trust and establish a relationship with prospects, they'll be eager to tell you more about their organization's specific needs—including, when the time is right to buy and what their budget is.


Al Davidson is founder of Strategic Sales & Marketing, a leader among lead generation companies, providing appointment-setters for global clients.

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Comments

  • by Katie Fri May 11, 2012 via web

    Great article...but where's the third problem and solution?

  • by Mimi Katz Fri May 11, 2012 via web

    I think some of the article is missing. Only 2 ways to kill prospects and no tips.

  • by Tim Fri May 11, 2012 via web

    Is there a missing way?

  • by James Whitehouse Fri May 11, 2012 via web

    Did I miss something? I'm not seeing the third way

  • by Monica Fri May 11, 2012 via web

    Last part of the article seems to be missing.

  • by Bibi Fri May 11, 2012 via web

    Thanks for your comments. The last portion of the article was cut off and not displayed, but it's all there now. Thanks again.

  • by Juri Yong Sun May 13, 2012 via web

    One of the useful article I have read,if possible can upload some more. Thank you so much

  • by Amber King Sun May 13, 2012 via web

    Good points Al. It is important that we nurture and manage our leads well so that they will not lose interest. I would also like to add that being too aggressive will turn off prospects.

  • by Amber Mon Jun 24, 2013 via web

    These 3 points should be taken seriously if you want to keep your sales leads. It is important that you understand what your leads really want. On top of that, nurture your leads well.

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