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Tuesday, January 17, 2012

Planning Counts: Be Prepared

Planning Counts: Be Prepared

Posted By susanne On November 14, 2011 @ 4:53 pm In Best Practices,Business Development,Business Outlook,Coaching,Marketing,Real Estate Training,Today's Top Story

It’s been said that salespeople don’t plan to fail, they simply fail to plan. How much time do you currently spend preparing for your client appointments? If you’re honest with yourself, the answer is probably not enough. In my opinion, the single most common characteristic shared among all successful salespeople is the value they place on pre-appointment preparation, research, and planning. I believe that when W. D. Boyce founded the Boy Scouts of America in 1910 he selected “Be Prepared” as the organization’s motto, because he understood that preparation was the key to unlock the door of opportunity.

Being prepared for an appointment gives the salesperson a major competitive edge and boosts his or her self-confidence, credibility, and professional image. Prospects are truly impressed when they meet with a salesperson who has taken the time to customize his or her presentation. Two thousand years ago the Roman philosopher Seneca remarked that “luck is what happens when preparation meets opportunity.” Here are some time-proven suggestions to help you prepare a customized presentation the next time you get the opportunity meet with a prospect:

1. The Internet makes it easy to conduct research. Review your prospect’s website to familiarize yourself with his or her products and services.

2. Read the company’s mission/vision statements to gain an understanding of the organization’s core values.

3. Check out the most recent press releases to enhance your understanding of current events and initiatives within the company.

4. Research the latest trends and products within your prospect’s industry so that you are able to address any specific concerns in detail.

5. Be prepared to counter claims about your competitors’ products and prices. Be ready to respond to common sales objections such as; “I can get it cheaper elsewhere.” “It costs too much.” or “I want to think about it and get back to you.”

6. Have copies of your client testimonials ready to hand to your prospect. The most powerful testimonials are from clients within your prospect’s industry.

7. Make it easy to do business with you. If appropriate, have applications available to close the sale.

8. Be prepared to ask for referrals.

I’ve never met a salesperson who admitted to losing a sale because he or she spent too much time preparing for the appointment. The 20 minutes or so that you invest in researching your prospect’s company, products, and services is a smart business decision that will yield huge dividends during your appointment. If you want to improve your professional image, build rapport with your prospect, and dramatically increase your sales effectiveness, I suggest that you take a tip from the Boy Scouts and always “Be Prepared!”

“It’s better to be prepared and not have an opportunity than it is to have an opportunity and not be prepared.”
- Les Brown

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