Targeting for velocity selling cycles in a new economy
Bob Urichuck International Trainer
In this new economy, it is more important than ever before to aim for
Velocity Selling cycles. Your bottom line depends on it.
It is essential that sales professionals clearly define their target
prospects by criteria. This criteria is based on the best Return On Time
Invested (R.O.T.I.) and confirmed in the fastest way possible. I refer
to the Velocity Selling Cycle which will unquestionably acquire positive
sales results.
Begin affecting sales velocity results by dissecting your data base
of customers based on predetermined criteria. This should be criteria
that will identify your best customers.
It may be volume, margins, profits, loyalty, etc, but it must be
specific and then, utilized to distinguish between different levels of
clients.
The Plato rule states that 80% of your clients give you 20% of your
business. The problem begins when most sales professionals invest up to
80% of their time with these low producing clients. This format is a
road block for effective sales velocity results.
The opposite of the above is also true. Statistics show that only 20%
of your customers give you 80% of your business and unfortunately sales
professionals tend to focus 20% of their time here.
This is an ineffective way to get those concrete sales velocity
results. What if sales professionals were to do the opposite and focus
80% of their time on the 20% of the clients who give them 80% of their
revenues? Do you think they would get better sales velocity results
while better managing their time?
By clearly defining the criteria on your best customers and making
use of your existing data base, you will be able to profile what we call
your “A” or Absolute customers. They are absolute customers because
without them and their progressive sales velocity results, you would be
out of business.
What is the criterion which reflects an “A” client in your business?
Follow the same sales results procedure with the next level of clients,
the “B” or Beneficial clients. What is the criterion which reflects a
“B” client in your business? Next, profile your “A” and “B” clients
based on the information you have in your data base; such as the
company, the size, the decision maker’s age, the gender, the
association/club memberships, the magazines they subscribed to, etc.
Finally, map that profile out into the marketplace and identify
prospects that have the same or similar profile.
The “A” and “B” prospects are the ones to target and to invest your
time in order to achieve the sales velocity results you need in this new
economy.
It will also be your best Return on Time Invested (R.O.T.I.). Now is
the time for velocity thinking, effective planning and profound sales
velocity results. Does your sales cycle lack velocity and are you
missing these ingredients? Learn how to execute the disciplines of
attracting, engaging and empowering the “buyer focused” velocity
sellingTM system, to up your bottom line in weeks, not months.
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