Top 100 Tips for Lead Management and Sales Success
Posted by Bill Rice on 03/26/08 in featured, lead management, marketing, mortgage, real estate, sales
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):
- First, get the lead management lead providers like to brag about
- Keep it simple. Start with a simple sales process. Then execute, measure, adjust, re-execute
- Learn about Internet lead generation and how to leverage them to grow your business
- Don’t call them leads. You will start treating them like leads, and leads don’t buy anything
- Make sure your lead management process help foreshadow and set expectations for your customer
- Don’t forget to tell past clients what is going on in the market
- Read books by these guys: Jeffrey Gitomer, Seth Godin, Robert Cialdini, Zig Ziglar
- Lead management is not easy, but it can be broken into critical key performance indicators
- Leads will not convert instantly or magically. Lead nurturing is critical to an effective customer experience and sales success
- Don’t get caught in a rut of commitment to consistency. Your current “system” may be your weakness
- Want to close more deals? Speed Matters!
- Make sure your marketing campaigns and sales processes put the customer first
- Build a Lego-style community Army
- Lead management should stop cold calling and start a conversation
- Tune your call back periods to increase contact rates
- Leads convert on weekends, maybe even better
- Better lead conversion starts with better lead buying
- Persistence, not Repetition gets the deal
- Don’t measure marketing on cost per lead
- Client loyalty is about relationships, not emails
- A lead is never dead. Reengagement gives you a deeper more profitable pipeline
- Optimize your lead management like a supply chain
- Treat all of your leads like referrals and end cold calling
- Build a salesforce with a culture of urgency and responsiveness
- Principles and attitude matter. Ask Quicken Loans or New Day Trust
- What get measured gets improved. Watch your lead metrics
- Learn to turn 1 sell into 4 or more
- Have a marketing plan before your source or buy leads
- Build a sales process that creates trust and fulfills commitments
- Give every sales call an objective, every step a purpose
- You want more money. Want higher production numbers. Don’t just sit there!
- Discipline makes opportunity
- Don’t dial for dollars. Surprise and delight
- Customers are looking for an immediate response
- Look for opportunity with numbers, but remember reports don’t convert
- Set up a lead management process that attacks the opportunities competitors give you
- Create an engaging Web storefront
- Build rapport, but don’t neglect urgency
- The law of big numbers: Contacts create sales
- Lead providers want you to use lead management because they know it improves lead conversion
- Want the sale? Assume the sale. Close more with assumptive language
- Your lead management system should create velocity and sales intensity
- Increase your contact rate with time-based selling
- Create a lead refinery
- Connect marketing and sales into a closed-loop
- Ask every client what would make them a buyer. Then deliver
- Don’t build a mortgage club, build a mortgage business
- Leads are too valuable for sales people alone
- CRM is not customer acquisition. CRM will kill new lead deals
- Plan your career like this: opportunity, skills and education, where to go and why
- Push versus pull lead distribution is an important lead management discussion
- Manage your leads better and convert more with an occasional sales and marketing huddle
- Start your lead management process by identifying your target customer
- Read and believe The Cluetrain Manifesto
- Lead management designed right means lead quality doesn’t matter
- Lead every call with the “no shit” statements
- Chances are you talk too much to hear what the customer wants
- Don’t buy leads without your lead management system
- Make sure your lead management doesn’t stop with the sale. Be referable
- Rejection gets you closer to the next sale. Assess and move on
- Read these blogs: Business Pundit, Start With A Lead, Blown Mortgage, Seth Godin, Sales Caffeine
- Make sure your lead management system is “mission effective“
- CRM is for marketing. CRM is not for sales!
- Do email (permission) marketing like Seth Godin
- Non-producers hurt your whole salesforce. Don’t buy or give leads to non-producers
- Talk to people, not commission. Lead management maximizes your daily count of substantive conversation
- If you are not closing deals you better hope the problem is you
- Design your lead management to give value first
- Build a 30 minute client loyalty program
- The key to the complex sale is embracing the naive
- Follow Marc Andreessen’s guide to productivity
- No excuses! Introverts can sell too
- Bigger isn’t better. Why you and not Countrywide?
- Don’t waste time and down cycles. Sell the NASCAR way
- Build a trust-based relationship.Always Be Closing is often Always Be Failing
- Give your sales less leads? Only if your sales process doesn’t handle them effective
- Make sure your lead management system fits your products and your markets
- Get started on the 1000 things you should know
- Sales don’t stumble in. Return EVERY call
- Process makes your efficient, but attitude sells
- Throw out loan officer web pages and create a Web version of You
- Your opportunity? 70% of Internet inquiries don’t get called
- No leads to Yes. Objections close deals
- Create a consistent contact strategy
- The first voice usually win. Lead management gets you to the prospect first
- Never lose to the competition. Set sales trap doors
- Timely is critical, but better late than never
- Big winners set goals and keep moving the finish line
- Obstacles create success
- Learn to keep a clean and tidy sales pipeline
- Run your mortgage business like a Web startup
- Let your sales database work for you, setup lead workflows
- Scale your sales, while shrink your time to contact. Create a contact team
- Make your sales meeting a learning experience
- Set-up bullet-proof response handling
- Involve sales people in developing your lead management process
- Create passionate users of your lead management process
- Study what makes people buy
- Stop watching the mortgage implode-o-meter and start focusing on your growth
- Read all you can about lead management best practices
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Mike | Mar 26, 2008 | Reply
Holy cow!!
What an amazing list of tips and advice.
Thanks for putting this together.
Tim | Apr 1, 2008 | Reply
This is fantastic. Thanks for taking the time to do this.
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.