Warning: Too Many Friends Can Reduce Sales

Bettercloser.com - Too Many (Social Media) Friends

Bettercloser.com - Too Many (Social Media) Friends


Is it possible for a huge database of contacts or thousands of friends or followers to actually reduce your sales output? Yes!

This isn’t another rant on quality over quantity in lead generation. Or a diatribe on how critical lead management is to sales. It’s an important sales discussion about focus, discipline, and misplaced hope.

In sales we often pride ourselves in our ability to hunt. Collecting names, numbers, emails, business cards, and friends make us feel secure. We know it’s a numbers games with lots of No’s for the occasional Yes.

Although all true, it’s exactly this programming that can lead sales people into a dangerous rut.

Collecting without Sales Process

There are packrats and there are curators. You can clearly see the difference.

If you walk into the office or home of a packrat there are arbitrary stacks and piles of stuff–old newspapers, magazines, pieces and parts, trinkets and toys. All these things landing where they may and there they stay. There is little in the way of organization or movement.

Contrast that with a curator. Every item is carefully and quickly reviewed, characterized, and categorized. Put in its proper place for later use. Things flow in and things flow out. There is movement.

A carefully developed sales process is the difference between us being packrats of leads to carefully curating and nurturing leads to deals. A sales person without a disciplined process that moves leads forward is a graveyard for good leads.

The worst part…those without a good sales process often hoard like a packrat–collecting, taking, or requesting the most leads!

Collecting without Engaging Leads

The other danger with incessant collecting is focusing the easy and avoiding the scary.

Face it getting lots of arbitrary followers and filling a database with random names is simple. In some cases you can even automate or buy this gathering of prospects. However, engaging these folks in a conversation, connecting with them in a meaningful way, even taking the risk to introduce yourself makes even the most seasoned sales professional anxious.

It’s much more comfortable (and misleading) to measure success by collections of leads, avoiding the true measure of sales progress–how many scary, new conversations did you have this week?

Collecting without Cleaning House

Kicking a lead out of your sales pipeline is another scary, but necessary process.

Letting a lead go is like peeling your fingers off that soft childhood security blanket. You’re afraid you won’t get another lead to replace it or your letting go of future opportunity. But hanging on means you are wasting precious sales activity on something that’s not ready to close–there are other, more productive ways to manage that lead.

The secret to avoiding this bad sales habit is to carefully observe and define the characteristics of a good lead. This makes it much easier to sort the good for the bad and the hot from the cold. It also gives you the confidence to kick it lose, to another process, and the motivation to work harder on the ones you know are the best opportunities.

Keeping a clean sales pipeline is the best way to “narrow” your sales pipeline and squeeze out more sales.

Collecting without Closing Sales!

Are you on this dangerous path? Have you developed these avoidance behaviors? It’s easy to find out–look at your sales numbers. Up or down? Are you letting whole days go by without a good conversation?

Don’t get trapped in the collection trap–process and close!

Stop Collecting and Start Processing

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Image by Getty Images via @daylife

Making new friends is hard. There’s a lot of anxiety in that first interaction. Will they like me? Do we have anything in common? Will I like them? How do I start things off?

I know, this is a blog about sales. Stay with me. We’ll get there.

The result of all this anxiety is that we often wait around for just the right moment, endlessly search or wait for someone to introduce us, or worse…simply avoid the introduction.

The result? No introduction, no new friendship, no new experience, missed opportunity for you and the new friend.

I develop customer relationships much like I build friendship. And the pitfalls are all the same.

So, now back to sales and what this little story illustrates.

The Amount of Stuff is Exploding

The Internet and social media has caused the amount of stuff you can collect on a people and companies to explode. You can literally lose hours of time running down all the rabbit holes people and companies create with their online behavior.

This is very dangerous to your sales performance.

All this stuff becomes a dangerous placebo for your sales anxiety. And just like a placebo, when you get right down to the real results you’re still sick (no sales).

Discipline Your Collecting

To avoid this peril I recommend disciplining your collecting or pre-sales research. A few of the tricks I use:

1. Follow the guideposts - Chances are your prospect is directing you to where they want your attention. These are the places and things they want you to know about them. You’re not a gotcha entertainment reporter. Stop researching like you’re trying to uncover a secret.

2. Get the basics - You don’t need research and find out all the details of a prospect’s life back to grade school. Not only is that a waste of time, but it’s going to freak your prospect out if you start ask them why they got a C in Art back in third grade. Leave some room for discovery at your first meeting.

3. You only need a couple of themes - You want to be as natural and free-flowing as possible when you start up a new relationship. However, it’s nice to have a couple of themes or commonalities that you can pull out of your hip pocket if you’re losing attention. But, you only need a couple–so get them and then stop.

Start Processing (GTD-style)

Hopefully, I have saved you time and made your stack of prospect research much smaller. Now the most important part: Start processing.

I think GTD for Sales. Nothing closes without contact. Be confident you have enough to start a conversation and start processing through your leads.

Your turn. This post was just a starting point. I know we all suffer from this endless collecting pitfall in sales. Help me and others…

What are your tips and tricks on knowing when to stop collecting and start processing?

Lead Nurturing or Backing Up Relationships?

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Image by jon.swanson via Flickr

I’m not sure lead nurturing (a current favorite buzz term in the lead management world) is equivalent to nurturing a personal relationship. However, I think there are sales lessons to be learned from thinking about how we grow and maintain personal relationships.

That’s why I want to introduce you to a thinker on a lot of important things–Jon Swanson (@jnswanson), the social media chaplain.

His backing up relationships post caught my eye. It hasn’t gotten many comments, but I am deeply interested in what people do or think they should do to “back up their relationships.” Stop by and leave a comment.

I think you will be a better sales person by thinking through (and implementing) this concept.

Kaleidico Sales Manager, Google Comparison Ads Work Together

Google Comparison Ads Partner
Wow! Fresh into the New Year and Kaleidico is already accelerating through 2010. Today is a very exciting day for me…

Kaleidico Named Fully Compatible with Google AdWords Comparison Ads

Kaleidico has always been very selective in collaborating with others, never wanting to get distracted with shiny objects that would distract us or our customers from success. But a strategic relationship with Google to develop their new Comparison Ads feature was certainly an exception.

We had heard the buzz about Google launching a mortgage lead generation service and soon thereafter the controversy between LendingTree and MorTech. I wanted in.

Why Help with Google Comparison Ads?

I have long-ago sworn off attending one more conference that droned on about lead quality or one more debate over long versus short form Internet leads. The Internet lead generation space was growing stale. What’s more most of the players were fighting for survival, not innovating better customer experiences.

That’s what excited me about Google–a new player, consistently innovative, with the resources to make a difference.

Kaledico’s Sales Manager Improves Sales Discipline

The key to Google Comparison Ads being an explosive success (IMHO) is going to be the customer experience. Consumers expect elegant simplicity and responsiveness. Just recall Google’s start–one simple text box and blazing fast returning search results. This is the experience I wanted to help create with Google Comparison Ads.

And, that’s what we did.

Kaleidico’s Sales Manager is a direct integration for the advertiser to the Comparison Ads marketplace. Once Google notifies us of a user’s request to be connected to a lender via an anonymized phone number, every customer inquiry is immediately delivered to your sales team, distributed based on your rules, and immediate follow-up is enforced by you.

Sales Manager gives you all the tools to be the fastest response on the Web. Here are just a few of the ways Sales Manager gives you the edge in impressing your Google customers:

  • New lead alerts via email, SMS, and dashboard
  • Automated distribution to the sales people
  • Enforced follow-up rules, set by you
  • Automated email follow-up campaigns
  • Click-to-dial VOIP integration

If you’re a Google Comparison Ads advertiser don’t neglect getting your lead management edge with Kaleidico’s Sales Manager.

History of Legal Pads, A Sales Persons’ Trusty Sidekick

Production Still - Jake with ListIf you are like most sales people, your first lead management system was (maybe still is) a yellow legal pad. Do you ever wonder where this trusty friend can from?

I uncovered who we have to thank here: The History of the Yellow Legal Pad.

(Hat tip to Will Kelly and his Rediscovery of Outlines as a Productivity Tool)

Don’t Buy Lead Management Software

Lead Management in Customer Value ChainSeriously do not waste your time or money on lead management software, if:

  • You are not going to put your leads in the software
  • You don’t intend to work sales leads in the software
  • You don’t plan on using email campaign feature to stay top of mind
  • You are a sales team of 1-5

This isn’t a rant, but simple facts.

Kaleidico, my lead management software and services firm, has been in the business of serving sales teams since 2005. The proof is in the pudding (as they say), these scenarios simply don’t seem to get any benefit from a standalone sales software.

In my opinion, simply using Google’s GMail for Contact Management is the best process for small sales teams.

What do you think? Anyone disagree?

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