Prospecting is a crucial part of the sales process.
You need to identify prospects, reach out to them, and persuade them to take the next step in your sales funnel.
But all that is often easier said than done. Sourcing prospects can be time-consuming, cold outreach can feel awkward, and gatekeepers might prevent you from even speaking to the right person.
Don’t worry, though. We’ve got you covered. Today we are going to share 10 prospecting tips that can help you explode your sales. Interested?
Continue reading…
A sales prospect is a person that meets your criteria for being a dream customer.
For B2C businesses, this means an individual customer, meanwhile, for B2B businesses, this means the decision-maker in the organization.
Sales prospecting is the process of converting prospects into leads by reaching out to them directly and getting them to take the next step in your sales funnel.
Typically, that next step is a discovery call, which is the first conversation with the prospect after they have expressed an interest in your product.
Now let’s get into our top ten sales prospecting tips…
Are you serious about sales?
Then the best thing you can do is start investing in developing your sales skills:
The best salespeople are the ones who understand their customers the best.
So before you start reaching out to prospects, take time to understand them:
And make sure you dig deep. You want to figure out what drives your dream customers to do what they do.
Don’t be satisfied with superficial answers such as “They want to make more money”. Pretty much everyone on this planet wants to make more money. That doesn’t tell you anything. Ask yourself why your dream customers want that.
Also, note that when you are targeting B2B sales prospects, the primary goal of the organization (typically either profit or growth) is not necessarily the primary goal of the decision-maker.
Say, a co-founder of a SaaS startup might be focused on increasing the monthly recurring revenue (MRR) because they are incentivized to do so by the equity that they have and the possibility of a lucrative exit.
Meanwhile, a product manager at the same startup might say that they are focused on increasing the MRR, but in fact they might be primarily interested in getting a promotion. They are incentivized to advance their career.
Remember that the decision-maker isn’t an incarnation of the organization they are working at, they are a human being that responds to incentives.
So figure out what the prospect is trying to achieve, then make it clear to them how your product can help them do that.
Take a look at how you are sourcing prospects right now:
Think about how you could optimize all that:
Keep in mind that the more efficient you get with sourcing prospects, the more time you will have for reaching out to those prospects.
Here are the three most popular cold outreach methods:
Think about which one of these three makes the most sense for your business.
Say, in the B2C space, cold email or cold social media messages might be more appropriate, but in the B2B space, you might want to consider cold calling.
What’s important is that you choose an outreach method that is seen as acceptable by your dream customers.
Let’s keep it real:
Rejection hurts.
And cold outreach involves endless rejection.
That’s why salespeople often subconsciously procrastinate on it. This is especially true for cold calls.
You can avoid this trap by setting a daily, weekly, and monthly cold outreach quota. This will help you stay focused on contacting to prospects.
Moreover, it will help you keep going. A negative interaction with a prospect got you down? Move on to the next person on your list. Meet your cold outreach quota for the day no matter what.
Remember, the more people you reach out to, the more sales you will make.
This is especially important in the B2B space.
Decision-makers tend to be busy people who have gatekeepers guarding their time. This includes receptionists, secretaries, personal assistants, etc. You need to figure out how to bypass these gatekeepers and get direct access to the decision-maker.
Remember what we have discussed in the section on understanding your dream customers. If those dream customers are guarded by a gatekeeper, you need to understand that gatekeeper as well. What are their incentives?
You want to make it clear to the gatekeeper that it’s in their best interest to let you pass through because their boss will want to hear what you have to say.
You don’t want to waste time pitching your product to people who:
In theory, doing your homework should help you avoid that, but in practice, you never know what’s going behind the scenes.
Moreover, people often struggle with saying no, so they might agree to hear you out or even to hop on a discovery call out of politeness.
Sales qualification frameworks are methods that help you avoid wasting time by quickly disqualifying prospects.
Research sales qualification frameworks, pick the one that makes the most sense for your business and then apply it when prospecting.
Learn more:
“The Ultimate Guide to Sales Qualification” (HubSpot)
You don’t want to wing your prospecting calls.
Take time to create a sales prospecting script that you can use when talking to your dream customers.
You want to think about:
Note that your script doesn’t have to be word-for-word, what matters is that you are prepared for the most likely scenarios and don’t go blank in those situations.
Also, make it as easy as possible for the prospect to say “Yes”, for example, email them a link to your calendar while still on a call so that they could pick a date and time before hanging up.
Ask a friend or a colleague to help you practice your sales prospecting script:
You might also want to record these practice sessions and listen to them later so that you could better assess your approach.
You want to keep track of your cold outreach efforts so that you could improve your approach based on relevant data (you can use a CRM tool to track everything).
Here are the two key questions that you want to ask yourself:
The better you understand what works and what doesn’t, the more you will be able to optimize sales prospecting.
Also, note that “convert” here means the prospect agreeing to take the next step in your sales funnel, not buying your product.
Sales prospecting can help you get a new business off the ground because it is an inexpensive and fast way to get your product in front of your potential customers.
However, it’s important to understand that this approach isn’t scalable. Even the most driven salesperson can only make so many cold calls a day.
So the reality is that you can grow your business to a certain point through prospecting alone, but you will need a sales funnel to go beyond that.
Our co-founder, Russell Brunson, has developed a sales funnel model called the Value Ladder.
Here’s how it looks like:
There are four stages:
Here’s how Russell explains the main idea behind this sales funnel model:
And you know what’s best? Once a Value Ladder funnel is set up, all you need to do is drive traffic to the lead magnet landing page. Everything else is completely automated. That enables you to grow your business explosively.
In fact, Russell used this approach to take ClickFunnels from zero to $10 million in annual revenue in just one year (it’s now at $100+ million).
He couldn’t have done it by making cold calls all day. But with the Value Ladder sales funnel model the sky is the limit.
So while prospecting certainly has its use when you are just starting out, you want to put a sales funnel in place and then start shifting away from sales prospecting and towards lead generation.
Let’s keep it real:
Building a sales funnel from scratch can seem like a daunting task.
That’s why we have created our 5 Day Challenge where Russell walks you through it step-by-step.
You will learn how to:
…in just five days!
So don’t hesitate.
According to the research that covers the timespan between 1994 and 2020: More than 30%…
If you’re interested in starting as an entrepreneur, e-commerce provides one of the easiest access…
Thinking about starting a blog? Maybe you have a passion for writing. Or maybe you've…
Want to build a side hustle but aren’t sure where to start? Today we are…
Imagine waking up each day knowing you’ll get a high-value lead or sale without doing…
Throwing business events can be a great way to strengthen your brand. However, they are…