Top 100 Tips for Lead Management and Sales Success

I have been thinking about a resource like this for months. Being in the business of providing lead management software to hundreds of sales forces, I am constantly ask for resources on how to get the best out of lead management and build top performing sales teams. So, here it is the top 100 answers and resources in no particular order (feel free to add to this list with your comments):

  1. First, get the lead management lead providers like to brag about
  2. Keep it simple. Start with a simple sales process. Then execute, measure, adjust, re-execute
  3. Learn about Internet lead generation and how to leverage them to grow your business
  4. Don’t call them leads. You will start treating them like leads, and leads don’t buy anything
  5. Make sure your lead management process help foreshadow and set expectations for your customer
  6. Don’t forget to tell past clients what is going on in the market
  7. Read books by these guys: Jeffrey Gitomer, Seth Godin, Robert Cialdini, Zig Ziglar
  8. Lead management is not easy, but it can be broken into critical key performance indicators
  9. Leads will not convert instantly or magically. Lead nurturing is critical to an effective customer experience and sales success
  10. Don’t get caught in a rut of commitment to consistency. Your current “system” may be your weakness
  11. Want to close more deals? Speed Matters!
  12. Make sure your marketing campaigns and sales processes put the customer first
  13. Build a Lego-style community Army
  14. Lead management should stop cold calling and start a conversation
  15. Tune your call back periods to increase contact rates
  16. Leads convert on weekends, maybe even better
  17. Better lead conversion starts with better lead buying
  18. Persistence, not Repetition gets the deal
  19. Don’t measure marketing on cost per lead
  20. Client loyalty is about relationships, not emails
  21. A lead is never dead. Reengagement gives you a deeper more profitable pipeline
  22. Optimize your lead management like a supply chain
  23. Treat all of your leads like referrals and end cold calling
  24. Build a salesforce with a culture of urgency and responsiveness
  25. Principles and attitude matter. Ask Quicken Loans or New Day Trust
  26. What get measured gets improved. Watch your lead metrics
  27. Learn to turn 1 sell into 4 or more
  28. Have a marketing plan before your source or buy leads
  29. Build a sales process that creates trust and fulfills commitments
  30. Give every sales call an objective, every step a purpose
  31. You want more money. Want higher production numbers. Don’t just sit there!
  32. Discipline makes opportunity
  33. Don’t dial for dollars. Surprise and delight
  34. Customers are looking for an immediate response
  35. Look for opportunity with numbers, but remember reports don’t convert
  36. Set up a lead management process that attacks the opportunities competitors give you
  37. Create an engaging Web storefront
  38. Build rapport, but don’t neglect urgency
  39. The law of big numbers: Contacts create sales
  40. Lead providers want you to use lead management because they know it improves lead conversion
  41. Want the sale? Assume the sale. Close more with assumptive language
  42. Your lead management system should create velocity and sales intensity
  43. Increase your contact rate with time-based selling
  44. Create a lead refinery
  45. Connect marketing and sales into a closed-loop
  46. Ask every client what would make them a buyer. Then deliver
  47. Don’t build a mortgage club, build a mortgage business
  48. Leads are too valuable for sales people alone
  49. CRM is not customer acquisition. CRM will kill new lead deals
  50. Plan your career like this: opportunity, skills and education, where to go and why
  51. Push versus pull lead distribution is an important lead management discussion
  52. Manage your leads better and convert more with an occasional sales and marketing huddle
  53. Start your lead management process by identifying your target customer
  54. Read and believe The Cluetrain Manifesto
  55. Lead management designed right means lead quality doesn’t matter
  56. Lead every call with the “no shit” statements
  57. Chances are you talk too much to hear what the customer wants
  58. Don’t buy leads without your lead management system
  59. Make sure your lead management doesn’t stop with the sale. Be referable
  60. Rejection gets you closer to the next sale. Assess and move on
  61. Read these blogs: Business Pundit, Start With A Lead, Blown Mortgage, Seth Godin, Sales Caffeine
  62. Make sure your lead management system is “mission effective
  63. CRM is for marketing. CRM is not for sales!
  64. Do email (permission) marketing like Seth Godin
  65. Non-producers hurt your whole salesforce. Don’t buy or give leads to non-producers
  66. Talk to people, not commission. Lead management maximizes your daily count of substantive conversation
  67. If you are not closing deals you better hope the problem is you
  68. Design your lead management to give value first
  69. Build a 30 minute client loyalty program
  70. The key to the complex sale is embracing the naive
  71. Follow Marc Andreessen’s guide to productivity
  72. No excuses! Introverts can sell too
  73. Bigger isn’t better. Why you and not Countrywide?
  74. Don’t waste time and down cycles. Sell the NASCAR way
  75. Build a trust-based relationship.Always Be Closing is often Always Be Failing
  76. Give your sales less leads? Only if your sales process doesn’t handle them effective
  77. Make sure your lead management system fits your products and your markets
  78. Get started on the 1000 things you should know
  79. Sales don’t stumble in. Return EVERY call
  80. Process makes your efficient, but attitude sells
  81. Throw out loan officer web pages and create a Web version of You
  82. Your opportunity? 70% of Internet inquiries don’t get called
  83. No leads to Yes. Objections close deals
  84. Create a consistent contact strategy
  85. The first voice usually win. Lead management gets you to the prospect first
  86. Never lose to the competition. Set sales trap doors
  87. Timely is critical, but better late than never
  88. Big winners set goals and keep moving the finish line
  89. Obstacles create success
  90. Learn to keep a clean and tidy sales pipeline
  91. Run your mortgage business like a Web startup
  92. Let your sales database work for you, setup lead workflows
  93. Scale your sales, while shrink your time to contact. Create a contact team
  94. Make your sales meeting a learning experience
  95. Set-up bullet-proof response handling
  96. Involve sales people in developing your lead management process
  97. Create passionate users of your lead management process
  98. Study what makes people buy
  99. Stop watching the mortgage implode-o-meter and start focusing on your growth
  100. Read all you can about lead management best practices

3 Comment(s)

  1. Mike | Mar 26, 2008 | Reply

    Holy cow!!
    What an amazing list of tips and advice.
    Thanks for putting this together.

  2. Tim | Apr 1, 2008 | Reply

    This is fantastic. Thanks for taking the time to do this.

  3. Ricardo Bueno | May 11, 2008 | Reply

    Talk about a great resource! Bill, amazing of you to have put all of this together…a tremendous round of applause and kudos for the work!

    Now if you’ll excuse me, I have some reading to do.

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