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Ten mailers per day cumulatively became fifty mailers a week. That means he made fifty phone calls a week.|Ten mailers per day cumulatively became fifty mailers a week. That means he made fifty phone calls a week.
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However, this was only for the first week. The cumulative impact will increase in the next week and even more in the following weeks.|However, this was only for the first week. The cumulative impact will increase in the next week and even more in the following weeks.
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Gradually,|Gradually,
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over a period of time, with proficiency and good telephone handling skills, his ratio from mailers to appointment increased.|over a period of time, with proficiency and good telephone handling skills, his ratio from mailers to appointment increased.
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Eventually, it resulted in making him one of the top Salespersons in the company.|Eventually, it resulted in making him one of the top Salespersons in the company.
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The above example is a good one for marketing, consistency of follow-up and closing a sale.|The above example is a good one for marketing, consistency of follow-up and closing a sale.
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However, in the above example, if you notice there was no fancy strategy requiring special skills.|However, in the above example, if you notice there was no fancy strategy requiring special skills.
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The reason for success was commitment, self-discipline and consistency above all.|The reason for success was commitment, self-discipline and consistency above all.
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I also saw a behavior opposite to this.|I also saw a behavior opposite to this.
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There was another salesperson who tried to replicate the top producers.|There was another salesperson who tried to replicate the top producers.
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He also started sending ten mailers a day he made a very catchy introductory letter.|He also started sending ten mailers a day he made a very catchy introductory letter.
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In fact, after a few days he thought why do ten mailers a day, why not one thousand?|In fact, after a few days he thought why do ten mailers a day, why not one thousand?
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He thought his business would multiply significantly, but the reverse actually happened.|He thought his business would multiply significantly, but the reverse actually happened.
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There were two major reasons: One. It was feast or famine, either he sent too many, too few or|There were two major reasons: One. It was feast or famine, either he sent too many, too few or
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none.|none.
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Two. There was no follow-up or no consistency in the follow-up.|Two. There was no follow-up or no consistency in the follow-up.
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Let’s look at the difference in the marketing strategies of both the second Salesperson strategized with best intentions|Let’s look at the difference in the marketing strategies of both the second Salesperson strategized with best intentions
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but faulty and inconsistent action.|but faulty and inconsistent action.
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One thousand letters a week without consistent follow-up died a natural death resulting in a loss.|One thousand letters a week without consistent follow-up died a natural death resulting in a loss.
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This clarifies that simply having good intentions doesn’t get business.|This clarifies that simply having good intentions doesn’t get business.
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Good and consistent action brings business.|Good and consistent action brings business.
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Being organized is important, but it is more important to be persistent and committed.|Being organized is important, but it is more important to be persistent and committed.
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There are people who are not the most organized but are committed and persistent, which makes them successful.|There are people who are not the most organized but are committed and persistent, which makes them successful.
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Consistent action in the right direction produces results.|Consistent action in the right direction produces results.
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The key is consistency. erratic marketing efforts without consistent follow up will not get the desired results. TRADE SHOWS|The key is consistency. erratic marketing efforts without consistent follow up will not get the desired results. TRADE SHOWS
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Trade shows can be a tremendous source of business.|Trade shows can be a tremendous source of business.
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Professionals, who effectively work trade shows, keep the following in mind|Professionals, who effectively work trade shows, keep the following in mind
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they define very clear goals, as to what they want to accomplish through the show.|they define very clear goals, as to what they want to accomplish through the show.
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Is it: Exposure from show presence? Getting leads to follow-up later? Close deals on the spot?|Is it: Exposure from show presence? Getting leads to follow-up later? Close deals on the spot?
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Distribute samples? Organize a show, especially to generate interest or urgency to buy your product|Distribute samples? Organize a show, especially to generate interest or urgency to buy your product
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Just collect business cards to get possible qualified data,|Just collect business cards to get possible qualified data,
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or Re-establish contact with your existing customers.|or Re-establish contact with your existing customers.
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No matter what your objective is, the ultimate aim remains to translate presentations into sales;|No matter what your objective is, the ultimate aim remains to translate presentations into sales;
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hence, the approach should be to generate interest and close the sale in as few meetings as possible.|hence, the approach should be to generate interest and close the sale in as few meetings as possible.
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One. At the trade show, be proactive to generate traffic|One. At the trade show, be proactive to generate traffic
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rather than wait for people to come by default.|rather than wait for people to come by default.
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Keep in mind that proactive people do not sell products or services, they sell the benefits.|Keep in mind that proactive people do not sell products or services, they sell the benefits.
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They sell the sizzle not the steak.|They sell the sizzle not the steak.
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Trade shows are not meant to be places to socialize or chit-chat with people,|Trade shows are not meant to be places to socialize or chit-chat with people,
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but to establish new contacts with as many people as possible, in the shortest possible time, to optimize your investment of time and money.|but to establish new contacts with as many people as possible, in the shortest possible time, to optimize your investment of time and money.
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Two. Evaluate all the leads generated during the day.|Two. Evaluate all the leads generated during the day.
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Classify them into hot, warm and cold leads on the same day, because by the next day you will not remember what is what.|Classify them into hot, warm and cold leads on the same day, because by the next day you will not remember what is what.
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This will establish your priority of contacts.|This will establish your priority of contacts.
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Three. Trade shows will be fruitful only if the leads are followed-up immediately and professionally.|Three. Trade shows will be fruitful only if the leads are followed-up immediately and professionally.
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EXISTING CUSTOMERS|EXISTING CUSTOMERS
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THE BEST SOURCE OF NEW PROSPECTS IS THROUGH REFERRALS FROM EXISTING CUSTOMERS|THE BEST SOURCE OF NEW PROSPECTS IS THROUGH REFERRALS FROM EXISTING CUSTOMERS
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Ask your customers, why they bought your product, how satisfied are they, what were their needs, what benefit did they receive from buying your product?|Ask your customers, why they bought your product, how satisfied are they, what were their needs, what benefit did they receive from buying your product?
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Then, ask yourself the same question.|Then, ask yourself the same question.
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If you have answers to these questions, then you have actually identified your prospects.|If you have answers to these questions, then you have actually identified your prospects.
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All people who fall into this category are your prospects.|All people who fall into this category are your prospects.
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Also, if for any reason, the business stops or slows, one can always make an effort to go back to existing customers for additional business,|Also, if for any reason, the business stops or slows, one can always make an effort to go back to existing customers for additional business,
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provided you have built a relationship.|provided you have built a relationship.
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COLD CALLING: While I was selling life insurance, I noticed that cold calling was not a very common way of prospecting,|COLD CALLING: While I was selling life insurance, I noticed that cold calling was not a very common way of prospecting,
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and I must say it was not one I enjoyed,|and I must say it was not one I enjoyed,
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yet there were some people who were top producers and used cold calling very effectively|yet there were some people who were top producers and used cold calling very effectively
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as a prospecting tool.|as a prospecting tool.
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I recall one gentleman, who would invariably make it a practice to make four cold calls for every confirmed appointment.|I recall one gentleman, who would invariably make it a practice to make four cold calls for every confirmed appointment.
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The reason was that he used to call the two adjoining places on each side,|The reason was that he used to call the two adjoining places on each side,
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whether homes or offices. So, with one confirmed appointment he used to make two cold calls on either side of the confirmed appointment,|whether homes or offices. So, with one confirmed appointment he used to make two cold calls on either side of the confirmed appointment,
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fully prepared with a cold call script|fully prepared with a cold call script
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and benefit statement.|and benefit statement.
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Thus, he made the extra calls at no additional expense, little effort and better time management.|Thus, he made the extra calls at no additional expense, little effort and better time management.
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Everybody would not be available or interested,|Everybody would not be available or interested,
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but even if he got one new lead without much extra effort that contributed to making him one of the top salespersons in his office.|but even if he got one new lead without much extra effort that contributed to making him one of the top salespersons in his office.
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SIGNATURE PRESENTATION:|SIGNATURE PRESENTATION:
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A good sales professional creates a sixty-second grabber, or something called a ‘trademark’ or ‘signature presentation’.|A good sales professional creates a sixty-second grabber, or something called a ‘trademark’ or ‘signature presentation’.
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This means that if you meet somebody at a get-together and they ask what you do,|This means that if you meet somebody at a get-together and they ask what you do,
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if you are going to give a long speech, you are going to lose out.|if you are going to give a long speech, you are going to lose out.
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If you have time for only one sentence, that sentence must be such that generates inquisitiveness and has the other party saying|If you have time for only one sentence, that sentence must be such that generates inquisitiveness and has the other party saying
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“Tell me more about it.”|“Tell me more about it.”
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Now, their desire to get information is greater than your desire to tell.|Now, their desire to get information is greater than your desire to tell.
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WHAT IS YOUR MARKET?|WHAT IS YOUR MARKET?
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Develop your target market Identify your prospect's profile.|Develop your target market Identify your prospect's profile.
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There is something called an in-built or natural market, and another called a niche market.|There is something called an in-built or natural market, and another called a niche market.
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Niche market is our selected or chosen market.|Niche market is our selected or chosen market.
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THE NATURAL MARKET|THE NATURAL MARKET
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Project one hundred - I learnt about the natural market when I was selling life insurance at MetLife.|Project one hundred - I learnt about the natural market when I was selling life insurance at MetLife.
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The day I joined, I was asked by the manager to make a list of hundred people I knew,|The day I joined, I was asked by the manager to make a list of hundred people I knew,
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whom I could call, friends/relatives or acquaintances, and who were listed in my personal diary (not the telephone directory).|whom I could call, friends/relatives or acquaintances, and who were listed in my personal diary (not the telephone directory).
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What was the logic behind contacting friends and relatives?|What was the logic behind contacting friends and relatives?
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Friends and relatives also have the need to protect their families by buying life insurance,|Friends and relatives also have the need to protect their families by buying life insurance,
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and since we know them personally we don’t have to establish our credibility from scratch.|and since we know them personally we don’t have to establish our credibility from scratch.
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We have all the data, telephone numbers, addresses, etc., and most likely information on where they work, what they do for a living and so on.|We have all the data, telephone numbers, addresses, etc., and most likely information on where they work, what they do for a living and so on.
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Since getting appointments is not difficult, our friends and relatives become our natural market.|Since getting appointments is not difficult, our friends and relatives become our natural market.
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I learnt that the following are the benefits of calling them:|I learnt that the following are the benefits of calling them:
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One. Getting an appointment with them may be relatively easier than getting an appointment with outsiders or unknown people.|One. Getting an appointment with them may be relatively easier than getting an appointment with outsiders or unknown people.
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Two. They are also buying these products from someone, so why not from you?|Two. They are also buying these products from someone, so why not from you?
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Three.. If they don’t need your product today, at the very least they should know whom to contact when a need arises.|Three.. If they don’t need your product today, at the very least they should know whom to contact when a need arises.
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Four. Hopefully the relationship will mean providing a better service.|Four. Hopefully the relationship will mean providing a better service.
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Five. knowing your credibility, hopefully, they will give referrals more easily even if they don’t buy your product now.|Five. knowing your credibility, hopefully, they will give referrals more easily even if they don’t buy your product now.
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Good professionals build into their presentation a habit of acquiring enough referrals so that they don’t run out of prospects.|Good professionals build into their presentation a habit of acquiring enough referrals so that they don’t run out of prospects.
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NATURAL MARKET PROSPECTING FORM|NATURAL MARKET PROSPECTING FORM
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FRIENDS/RELATIVES/NEIGHBORHOOD|FRIENDS/RELATIVES/NEIGHBORHOOD
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THE NICHE MARKET|THE NICHE MARKET
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THIS IS THE MARKET WE CHOOSE TO SELL TO Gradually, over a period of time, after experimenting with different professionals, age groups and markets,|THIS IS THE MARKET WE CHOOSE TO SELL TO Gradually, over a period of time, after experimenting with different professionals, age groups and markets,
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I noticed that my closing ratio was higher in dealing with new home buyers for mortgage insurance.|I noticed that my closing ratio was higher in dealing with new home buyers for mortgage insurance.
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Very soon it became evident that if I concentrated more on mortgage insurance, my return on investment of time was much higher.|Very soon it became evident that if I concentrated more on mortgage insurance, my return on investment of time was much higher.
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My proficiency became higher and it became much easier for me to sell mortgage insurance because I had developed a unique presentation,|My proficiency became higher and it became much easier for me to sell mortgage insurance because I had developed a unique presentation,
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which resulted in a higher closing ratio.|which resulted in a higher closing ratio.
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APPROACH: No matter what your prospecting method is, the basic principles do not change,|APPROACH: No matter what your prospecting method is, the basic principles do not change,
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