Like this article? PLEASE +1 it! Evan Signature
Evan Carmichael Top Header
Share for a Cause









The 3 Laws of ProspectingTM

Written by: Bill Truax

Article Overview: Prospecting is mandatory for anyone wanting to grow their business. The easiest way to Prospect is with a system, that is why we developed the BLITZ CALL System. But no system is of any value if it is not implemented and used. Therefore, we have certain laws that apply to Prospecting that must be followed for implementation. Once you actually learn and implement these 3 laws, then your sales life should become a lot easier. If you don't act on them, then Prospecting will become a stressful nightmare and you will probably stop doing it. That brings introduces a whole set of new problems.

Free Download - Some sales managers are Idiots By Bill Truax
Name: Email:

The 3 Laws of ProspectingTM

How to Get the Prospecting Process to Work Over the Long Run.

When we conduct workshops teaching prospecting, we are always concerned about how the participants will actually implement and use the training. Sadly, too often people will learn and practice the skill in the workshop but not make it a new part of their business life once they leave the training.

In a workshop a few years ago we asked the participants, "How many of you will use this method of prospecting?" All raised their hands, which made me feel good. Then I asked the wrong question. "How many of you are willing to be tracked in your use of our prospecting method?" Only one raised her hand. We did track her and she quadrupled her business in 4 months. We were delighted.

A few other members of that class did implement the program and enjoyed the benefits of acquiring new customers.

The concern we want to address is: How do we get Prospecting training from the classroom to the field?

This is where the 3 Laws of Prospecting© come in. The 3 Laws are:
• Prepare
• Practice
• Persist

We conduct skill based workshops, so we cover these laws as an integral part of the program. But the final burden falls on you, the individual sales professional and/or sales manager.

In the workshop you would prepare the words to say, determine how many prospecting calls need to be made to achieve your goals, and establish a follow up system.

Then, just like in all skill based training workshops, you practice your words in role plays. As a matter of fact, we have you practice it a lot.

Now, here is where the system can break down. The 3 Laws of Prospecting must all be done, or they won't work. Therefore, you must persist in your use of the new skills.

If you prepare and practice, but don't persist, nothing new will happen. 66 2/3% equals failure.

The primary benefit behind our prospecting program or any other program comes from long term use. That means persistence.

Persistence relieves a lot of pressure on you, the sales professional.

First, it means that you take a proactive approach and are in control of your fate. This is a big mental boost for any sales professional.

Second, persistence assures that you call on all of the prospects in your market and follow up regularly, assuring a chance to sell everyone.

Third, you never have to be concerned about the outcome of any one call, because you will be calling on everyone.

Fourth, it will mean an end to Crisis Prospecting.

Crisis Prospecting is done far too often. Most of you have been in a situation where you have not prospected as you should and your sales are down. Now you find that you need to sell to virtually everyone you call on - that is Crisis Prospecting.

In commercial and industrial sales, you won't sell on the first call. As a matter of fact, studies show that these sales are usually made after the 3rd call. This means you have to keep a constant flow of new prospects in the "pipeline." The only way to do this is to persist at the prospecting process.

Keep in mind that some people will buy soon, some a little later, some later yet, and others further in the future. Our problem is we don't know who they are, so we need to call on all of them and get them in our system.

We were once competing with two of the big national training firms for a client. The process extended for nearly two years. When we finally won the contract I asked the client why he had selected us? Was it my dynamic presentation, our skill at conducting workshops? Why had he selected us? He said, "You are the only ones who stuck in there over the long run. Everyone else gave up. I want our sales people to persist like that."

When I am in the field making prospecting calls with a client's sales professionals, we too often find that the prospect has recently purchased a new product from a competitor. The sad fact is, our client never even had a chance to try for the business because they had never called on the prospect. This is embarrassing for the sales professional who has been in the territory for a while and bad economically for the company.

We include a tracking form in our training, but it must be used by the sales professional and reviewed by the manager. It is simple. We suggest that you simply list the date of the prospecting call, the company called on, and the name of the individual within the company who will has responsibility for the purchase. That's it. Nothing more, which is in line with our philosophy of keeping things simple.

We don't want to know the outcome of the call for a very important reason. As sales people, you tend to think that you will be judged on your prospecting performance by how many people you sell on the first call. Remember that buyers don't buy on the first call. We just want to know that you are making your prospecting calls. That is persistence.

Ironically, once you have prepared and practiced and actually begun the process it becomes easier to persist. Therefore, the burden falls on the individual and the manager to see that the new system of prospecting is implemented.

Regardless of what sales prospecting system you use, however, the 3 Laws of Prospecting must be applied - Prepare, Practice, and Persist. Life will be more fun and a lot more rewarding.

Sell Well and Often,

Bill Truax
Bill@BlitzCall.com

© Copyright 2006 WJ Truax

Related Articles
  How To Succeed In Your "Home Based Online Business Opportunity"
  Unfair Business Practices
  FDCPA Laws
  Dean Kamen - Don't Tell Me It's Impossible
  Are Your Breaking the Law?

Home > Sales > Bill Truax > The 3 Laws of ProspectingTM
Article Tags:

About the Author: Bill Truax
RSS for Bill's articles - Visit Bill's website

Bill Truax is a Cleveland, Oh based speaker and consultant. He specializes in two skill bases. First, Goal setting and achievement motivational presentations. Second, Prospecting and making cold calls in the commercial/industrial market place. He has been involved in sales, sales training and consulting since 1972 and has trained thousands of people in the skills of goal achievement. Bill has written 4 books on Prospecting as well as skill based training programs on public speaking and manners, courtesy, and etiquette for the business professional. He has written dozens of articles on Goal setting and achievement and Prospecting Take aways from Bill's programs are the skills and abilities to set and achieve all your goals, increase your sales, acquire more prospects and customers, dramatically increase time efficiency and have a lot more fun on the job. visit www.blitzcall.com

Click here to visit Bill's website
Dashed Line

More from Bill Truax
Get Rid of Half Your Sales Force Now
Prospecting and Making Cold Calls
What is the Most Important Selling Technique
For every minute spent in planning
Some sales managers are Idiots


Related Forum Posts
Re: Books for the Entrepreneur Re: Books for the Entrepreneur - Here's one of my most recent books The 100 Absolutely Unbreakable Laws of Business Success By Brian Tracy
Re: The 10 Goal Method for personal success Re: The 10 Goal Method for personal success - Great Post. I've read this before. I believe it was from his "100 Unbreakable Laws of Business." I've also done this and it works like MAGIC. The only problem is I sometimes forget to write down more goals once I've accomplished them...LOL If you haven't tried it yet, you should. It works.
Re: An Assessment Tool for Making Dreams Come True Re: An Assessment Tool for Making Dreams Come True - Sounds a bit like getting what you want through the Laws of Attraction aka LOA. I've seen people use mind visuals to expedite goals such as: (Affiliate links removed by forum administrator) You can also cut and paste magazine pics. When I remember to use them, they are VERY effective. It may take a few weeks, monhts or even years but it comes together beautifully and perfectly. The more often you do it, the faster it happens. Be sure you know what you want! A study with measurable results would be nice. I just don't have the schedule for it though. Good Luck!
Re: Secrets of Self-Made Millionaires Re: Secrets of Self-Made Millionaires - [quote="verbul9":9gffjp50]Indeed...Most CEO's have definitely read the likes of Macchiavelli, Sun-Tzu, 48 Laws of Power, etc.[/quote:9gffjp50] Hi verbul9, Would you be able to share a quote about using ruthless tactics to succeed from one of those popular books?
Franchising & Licensing Can Be The Same Thing Franchising & Licensing Can Be The Same Thing - FTC Rule 436 defines franchising as anyone offering an Agreement that contains these 3 things: 1. Licensing a "Mark" - which can be a trade name, service mark, commercial symbol, slogan, etc. 2. In the body of the Agreement, there contains, significant controls and assistance. 3. The licensee is paying the licensor in excess of $500 within the first six months of the actual offering of the business. Licensing and Franchising can mean the same thing today. If you do not decide to franchise and comply with FTC Rule 436, you may be in violation of Business Opportunity Laws that exist in 24 individual States.


Share this article with your friends. Fund someone's dream.

Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva. Over $50,000 raised and counting - Please keep sharing! Learn more.



Featured Article


Bottom Footer
Share for a Cause












Newsletter

Get advice & tips from famous business
owners, new articles by entrepreneur
experts, my latest website updates, &
special sneak peaks at what's to come!
Name:
Email:
Popular Articles

Four Reasons Why Entrepreneurs Should Blog

Are You Too Good for Your Job?

Ready for a Fresh Image?

Suggestions

Email us your ideas on how to make our
website more valuable! Thank you Sharon
from Toronto Salsa Lessons / Classes for
your suggestions to make the newsletter
look like the website and profile younger
entrepreneurs like Jennifer Lopez.