A great salesman once said “A salesman without
prospects is unemployed.”
This statement is more true today than ever before
when it comes to running a retail lot. What if you opened your doors and
nobody ever came in? Your best sales people are of no use if they have
no prospects to sell to. Prospecting is the key to sales success. Not
just prospect lists, but turning that list into marketing activities that
yield prospects, and then getting those prospects in front of your best
sales professionals so they become customers.
Today’s successful retailers are computerizing
their sales forces with prospecting tools that help them create a base
of qualified prospects to focus their selling strategies on.
These tools help your sales force keep track of their prospects and empower
them with everything they need to perform effective follow up to keep
the sale moving forward. It allows them to:
• Keep up with all
of the information provided by prospective homeowners, including finance
and credit information, demographics and buying preferences
• Separate the hot buyers from the dead weight
• Qualify their prospects so they know exactly how to proceed with
the sale
• Implement effective follow up strategies with a built-in calendar
and activity scheduling
• Keep accurate notes and a history of activity so they can move
the sale forward no matter what stage of the buying cycle their prospects
are in
• Find new prospects
• Create referral programs
• Put their energies to work effectively
Remember this correlation: In real estate, the better
the location, the more likelihood of a sale. In selling, the better the
follow up, the more likelihood of a sale. Why is follow up so important?
For one, it lets you establish the three most important criteria in qualifying
the prospect. It lets you know:
• Their level of interest
• Their buying time frame
• Their ability to buy
Every prospect that walks on your lot has
the same potential of becoming a sale until he or she is qualified.
Until you know their desire and ability to buy, you don’t know how
to proceed with that prospect. Once they are qualified, you know how your
time should be spent on each relationship from that point forward in the
sales cycle. You are then free to put all the prospecting tools in your
sales arsenal to work for each prospect as needed.
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