Best Practices: Software Sales
Veteran software salespeople and consultants share their insight for improving sales efforts.
POSTS IN THIS
BLOG TOPIC
- The Seven Second Test for B2B Marketers
by Jeff Ogden - Escape the Numbers Trap: 4 Steps to Target Prospecting for Increased Sales
by Ed Tittel and Carl Edison, Ph.D., Wilson Learning - Selling to Crazy-Busy Prospects
by Jill Konrath - New Realities about B2B Buying
by Jeff Ogden - How to Reach Unreachable Goals - Quickly
by Jill Konrath - Sales Versatility: Connecting with Customers Every Time
by Michael Leimbach, Wilson Learning - The #1 Way to Enable Greater Market Success
by Michael Cannon - How to Convert B2B Software Free Trial Users into Paying Customers
by Kim Cornwall Malseed - Eight Signals that Your Pipeline is Bogus
by David Taber - Are Your Business Relationships Strong Enough to Survive in Hard Times?
by Ed Emde, President Wilson Learning Americas - Value Propositions: Is Yours Strong Enough to Entice Customers?
by Jill Konrath - Sales 2.0: Why it is Imperative To Change the Way We Sell
by Anneke Seley - Is Your Sales Team Creating Real Differentiation?
by Tom Roth - Protecting Your Existing Business in Tough Times
by Ed Emde - The Messaging Mess: Separate Your Messaging to Dramatically Improve Sales and Marketing Effectivenes
by Michael Cannon - 5 Critical Skills for Sales Success
by Jeff Thull, Prime Resource Group - Defeat the Commodity Trap: 3 Three Steps To Differentiation and Growth
by Elizabeth K. Cook - Where Have All the Prospects Gone?
by Jill Konrath - Winning Intelligence, a Transformational Innovation
by Sergio Segal - Selling Software in a Recession
by Steve W. Martin - Sales Self-Sabotage:The Cause and the Cure
by Jeff Thull - Fueling the Engine of Sales Success: Five Keys to Sustainable Self-Motivation
by David McNally - Executive Access: Getting in and Earning the Keys to the Elevator
by Jeff Thull, CEO and President of Prime Resource Group - The Decision to Buy
by Jeff Thull - Beyond the Elevator Pitch: A High Credibility Conversation
by Jeff Thull - You'll Gain More Credibility Through the Questions You Ask . . . Than the Stories You Tell.
by Jeff Thull - Sales Lessons from the Trenches
by Justin Floyd - How to Prevent 11th Hour Negotiations
by Jeff Thull - 7 Common Sales Challenges that Prevent Executive Level Access
by Jeff Thull
Where Have All the Prospects Gone?
Jill Konrath
Jul. 11, 2008
When I was growing up, the folk rock trio of Peter, Paul & Mary sang an anti-war protest song called, "Where Have All the Flowers Gone?" It's funny how after all these years that this tune came roaring back to me as I was thinking about disappearing prospects.
Don't you just hate it when hot prospects suddenly stop returning your call? It's especially hard to deal with when they'd been so eager to move forward with you only weeks before.
At first, you assume their lack of responsiveness is an isolated situation that will quickly self-correct. But after repeated failed attempts to connect, you start to question your own sanity.
You could have sworn they were interested, but their current behavior indicates otherwise. And, not wanting to appear too desperate or to come across as a real pest, you're stymied in terms of what your next steps should be.
Truth be told, they've disappeared into the infamous "Black Hole" - sometimes never to be seen again.
Why They Disappeared
As a seller, it's always important to analyze what may be causing this behavior before taking action. In my experience, these are the typical reasons why prospects disappear into "The Black Hole."
- They're totally swamped. Without a doubt, this is the most common. In virtually every company today, people have way too much to do and not nearly enough time to get it all done. They fully intend to continue the conversation, but not right now.
- Priorities changed. This can happen overnight. Changing market conditions, bad 3rd quarter results, and new leadership are just a few of the possible root causes. But when this happens, it's darn near impossible to regain your momentum in the short term.
- Lack of urgency. Sometimes sellers confuse a prospect's interest level with a desire to take action today. As such, they share all the glorious details about their offering instead of building a business case for immediate change.
- Column fodder. Occasionally prospects just need comparative bids/pricing to justify their decision to go with another company.
- They know everything. When prospects feel they have all the information they need, there's literally no reason to talk with you any further.
Different reasons call for different actions. Some you can prevent by doing things differently in your customer interactions. Always be open to this possibility since prevention is your best cure. Others you have no control over.
Dealing with "The Black Hole"
What can you do when your previously hot-to-trot prospects disappear into "The Black Hole?" When you don't know what's behind their silence, figuring out how to respond can be a dilemma - especially since you don't want to be a pest.
Here are some strategies you can use in dealing with "The Black Hole:"
- Just keep trying. Realize that prospects expect you to carry the "keep in touch" burden - so do it. It can often take 8-10 contacts before you actually reach them again. Don't panic. This is normal in today's business environment.
- Make each connection valuable. Don't just say, "Hi Eric. Just getting back to you as I promised about your xxx decision. If you have any questions, give me a call. Instead, you might say, "Eric, based on our conversation last week, I know how important it is to you to shorten your sales cycle. There's a white paper on our website that addresses this issue. I'll be sending you a link via email shortly."
- Have a sense of humor. After 4-5 contacts, leave a funny message such as, "Eric. I know you're swamped. But I also know that shortening your sales cycle is important to you. That's why I keep bugging you. I'm looking forward to FINALLY reconnecting."
- Leverage a variety of mediums. Mix up phone calls with emails, mailings, invitations to upcoming events, sending articles, etc. To position yourself as a resource, makes sure each connection educates, informs or adds insights.
- Create multiple entry points. Never let one person be your total gateway to a company. Identify and nurture multiple relationships concurrently. When appropriate, reference others you're talking to in your messages/emails.
- Re-evaluate your initial connection. How could you increase their urgency? Determine if you're just column fodder? Or, tie your offering more into their business priorities? In way too many cases, sellers have done a product/service dump when talking to prospects. Instead you need to on critical business outcomes and the difference you can make.
- Plan your next step now. Never leave a meeting without a homework assignment (for you and/customer) and a firm follow-up appointment scheduled. If they're unwilling to do this, it's an indicator that something may not be quite right - which should prompt you to explore their need and urgency in greater depth.
- Let them off the hook. Send an email stating that you thought they were interested, but perhaps you misjudged the situation since you haven't heard back from them in the last 6 weeks. Believe it or not, this strategy often gets a response & an explanation from a prospect who is feeling guilty about not reconnecting.
- Reduce your contact frequency. If, after ten touches, you still haven't heard, start contacting them less often. A quarterly schedule might be more appropriate. Or, you might want to keep on top of what's happening in the account and reconnect at a more appropriate time.
By leveraging one or more of these strategies, you'll often be able to re-engage a prospect who has disappeared into "The Black Hole." Not always, but often. And, if you've continually provided value and focused on the impact your offering makes, they'll likely be ready to implement your solution yesterday.
Jill Konrath, a leading-edge sales strategist and business advisor, is a popular speaker at national sales meetings and association events. She helps sellers crack into corporate accounts, speed up their sales cycle and achieve their revenue growth goals. She's the author of the instant sales classic, Selling to Big Companies. In 2007, Jill launched the Sales Shebang conference & community to empower women sellers to succeed beyond their wildest imagination. This article originally appeared in her blog.
Tags:
Next Post: Winning Intelligence, a Transformational Innovation by Sergio Segal
Pages: 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16 17 19 20 21 22 23 24 25 26 27 28 29
Live Discussion
Software Op-Eds
SandHill.com Blog Posts
SandHill.com Radar
Podcasts
Events






