5 Strategies for Smarter Sales Targeting (Must-Have Sales Conversations – Part 3 of 8)
Conversation #3 is all about smarter targeting.
A great place to start is considering all the people or businesses you’ve done business
Write out a list of all the people you did business with and consider the following questions:
1. What are the similarities between the customers I won and lost?
Consider things like where the lead came from, the industry the customer is in, the gender and age of the person or people you dealt with, the problem the customer would say you solved for them and ease or difficulty in winning the business. Generally, this type of analysis will give you some great insights into where you’re more likely to succeed.
2. Which customers are you most able and likely to deliver significant value to?
Take some time out to consider this as if you were a potential customer. As an example, I don’t do sales training for salespeople that carry out large enterprise sales. There’s plenty of money to be made in that space, but I don’t have a competitive advantage in training these people. I leave that to Miller Heiman because that’s what they are very good at. I prefer to focus on salespeople that engage smaller businesses and individuals. I love working with call centres where every word matters and my skills in developing powerful and compliant scripts can make a big difference. I love working with
3. Consider which of your customers you’re passionate about helping
Once again, I don’t focus my marketing on sales strategy projects with
4. Consider which types of prospective customers are easy to identify and access
If you can’t easily build a list and make contact with your target customer, you’re unlikely to be successful in new business prospecting. It is a lot easier to identify and access every Dentist in a 25km radius of your office than it is to identify and access high net worth individuals in your state. It’s a lot easier to identify and access the business neighbours of your existing
The easier it is to make a list of specific people or businesses the smarter your targeting is. The easier it is to access people or businesses on that list the more likely it is you’ll be motivated to do your new business prospecting.
5. Consider where you got your best RoE
Which type of customers gave you the best returns for the time, effort and energy you had to put in. And remember that return is not just dollars. Return includes how much you enjoyed working with them, whether having them as a customer was great for your brand, whether they refer and whether they’re likely to remain a customer for the longer term.
This isn’t an exhaustive list of everything you should consider but if you ask these questions, you’re significantly more likely to be smarter in your targeting.
To summarise all of this, the question to get the smarter targeting conversation going at your sales
In the next v
1. The Ultimate Guide to Plan Your Sales Kick-Off!
2. 8 Must-Have Conversations at Your Sales Kick-Off
3. How to Find Your Purpose and Achieve Your Sales Goals (Part 1 of 8)
4. How to Grow Revenue from Existing Customers (Part 2 of 8)
And remember, if you’re doing a major
If you’re an individual salesperson or have a small sales team come along to our Sales Kick Off event on February 12th. All the details are on the website and there’s even a competition to win over $12000 worth of sales training.
Here’s to a better sales life and a better kick off for you and your people.