Selling is rejection, plain and simple. The top sales people can deal with it; the rest cant. Ask any sales VP or sales manager and theyll all tell you the same thing. The biggest reason their sales people do not bring in enough business is that they dont see enough people. They dont see enough people because they fear rejection. They fear rejection because they dont know how much rejection they need.
1. why prospecting and generating consistent every day activity is so important
2. how to handle rejection by understanding how much rejection you need
3. how to prepare for and make the prospecting call
4. how to anticipate, handle, and turnaround objections
5. why you need to practice every day.
If you implement the ideas, and use the Action Guide, which you can find at the end of this book, heres what will happen. You will handle rejection better than you ever have, which will enable you to make more calls, speak to more decision makers, sell more appointments and make more presentations, and the greatest benefit of all, close more sales and make more money.
The purpose of this book is to help you sell appointments and get yourself in front of prospects. While that may seem simple, most sales people never truly comprehend or they tend to forget the basic activities that go into success in sales. Selling is very simple. Its about numbers and getting yourself in front of and talking to more people than anyone else. Im going to show you how to do that.
You know in a survey conducted among top sales people they were asked, What percentage of your time, energy and effort were spent in the following four areas critical to sales success: prospecting, presentation skills, product knowledge, and personal and professional development? And this is what those top producers said50% of their time, energy and effort was spent prospecting, 20% in presentation skills, 15% on product knowledge, and 15% personal and professional development. Now, what does this tell us? Well, to me, it says prospecting is the key. If you cant get in front of any prospects then none of your other skills matter because you wont get an opportunity to sell. You can deliver the most polished presentation in the world, know the features and benefits of your products and services backwards and forwards, and go to every seminar, read every sales book and listen to every audio program on the market. But if you have no one to tell your story to, none of it matters. Its all about the numbers.
Prospecting is like a funnel. For example, you might make 30 calls; those 30 calls can yield you 15 contacts, which will get you 3 appointments to make 1 sale. And this could be your average because every salesperson has an average. And let me tell you this, it does not matter what your average is, what matters is that you know what it is, because only if you know what your averages are can you formulate a sales plan to get the amount of sales you need and earn the amount of money you need to make.
Lets face it, if you want to double your sales, double your activity. If you want to close 3 sales and know on the average that for every 30 dials of the phone, youll speak to 15 decision makers, book 3 appointments, and close 1 sale, then all you have to do is make sure to make 90 calls. Or better yet, get 87 people to say no to you. Ill tell you this, it doesnt matter how many people say no, it only matters how many people say yes. So, why care about the nos? You dont get penalized for the nos, but you do get rewarded for the yess.
Now that you understand the importance of prospecting, lets move on to handling rejection. And Ill get this right out upfront. Rejection stinks. I dont like it; no one likes it, and neither should you. Any sales trainer who ever tells you dont take it personally, just let it roll off your back, is one of two things, either an idiot or someone who has never sold anything. Everything in life is personal. And the reason we take rejection personally is we care.
But heres the big problem with rejection. I dont like it and neither do you, but in order to be successful we need lots of it. So, how do we handle it? Well, to me theres only one way to handle rejection, thats to know how much rejection you need.
You know, nos a rejection, but if you understand how many nos you need in order to make one sale, then nos are easier to take. Theres a call counting system on pages 7 and 8 of the Action Guide at the end of this book, which you can use to understand how much rejection you need on average to make one sale. Now, the chart on page 7 will explain what each column represents. The chart on page 8 is a sample of the actual chart you should be using on a daily and weekly basis to track your activity
This system will show you what your averages are, as well as what your success ratios are. To track your numbers, use the chart on page 8 on a daily basis, and then total those numbers up on a weekly basis. Keeping track of these numbers will do several things for you. One, it will allow you to save time. Two, it will allow you to make more money; thats a good thing. Three, its going to enable you to avoid slumps. And four, it will help you to anticipate problems before they become critical.
Now, people always ask how long should I keep the numbers for and I say you should keep the numbers forever. But you wont see a true average until after three months of tracking these numbers. And after that three months, you will know, for instance, how many dials you need to get to one contact, how many contacts you need to get one appointment, how many appointments you need to get one sale, and how many sales you need to make x amount of dollars in commission. Now, at the beginning of the year, you can formulate a plan by asking what do I have to do on a daily basis, throughout the year to the end of the year with the amount of business that I want to come home with.
Let me give you an example of what Im talking about. Far too many people start the year on the wrong side of the equation, especially sales people. They say, This year if I make a lot of calls, Ill make a lot of sales. Then they come to work on January 2nd to start the year and the first three people they call say, Drop dead. Guess what? The year is over. Thats their allot.
The successful salesperson starts from the correct side of the equation. She might say to herself, How much money do I need to earn this year to support the lifestyle my family and I choose to live? Once she has that amount sorted out, its easy to devise a plan expressing continuous action that will help her to achieve that goal.