WHY ISN'T UPPER MANAGEMENT FURIOUS about the 600# Gorilla in their living room named -- sales lead "Follow-up?"
The older I get, the more obvious it is that most business related decisions are being made in companies today for NON-business related reasons. Keep reading and you'll know what I mean.
Let me begin by stating that on my desk is an article from the (then) editor of Control Engineering magazine dating back to 1979. While both the editor and magazine are gone, I look at it every day.
In the article (from 30-years ago, mind you) the editor states that a CARR (Cahner's Advertising Research Report) identifies that less than 20% of sales leads ever get followed-up.
Today (remember, it is 30-years later) there are countless references being made to that exact same statistic (less than 20% of sales leads ever get followed-up.)
So again I ask... WHY ISN'T UPPER MANAGEMENT FURIOUS that after countless hundreds / thousands / millions of THEIR company's dollars are spent on print advertising, trade show exhibitions, Internet websites, company events, CRM installations, contact management software programs and other marketing campaigns -- more than 80% of resultant selling opportunities are being missed in the majority of resultant sales leads that don't get followed up? Are you beginning to see the Gorilla?
To back-up what I'm about to say, I need you to know that back in 1986 I founded a national sales lead response management service organization that American Airlines named "One of the most innovative companies in the country." And, I developed a process of managing sales leads that they also called a "Best-Practice" in trade show marketing as it related to a company's selling process. WHY? Because any company that used our service, and its process, was assured of 100% lead follow-up. GUARANTEED!
I should also make clear that over the course of my 2+-decades in the service business, my company processed more than 1,000,000 sales leads, made more than 1,600,000 telephone calls, transmitted more than 127,000 faxes and emails, and shipped more than 370 tons of client literature around the world. And yours truly actually made more than 1,000 personal sales calls trying to sell my company's service to people that couldn't care-less about the fact that less than 20% of their company's leads were being followed up. And I mean COULDN'T CARE LESS. Many even said that their follow-up rate was less.
In fact, when the 20% follow-up statistic was brought up during most of my sales calls, marketing people reacted as though they were happy to be within the "norm," rather than motivated to fix the problem. When I quoted that statistic to sales people, they naturally came up with excuses and got defensive. And when I quoted it to upper management they took the position of... "That isn't happening in my company. And if it is... you need to talk to so and so." (Who I eventually found couldn't care less.)
I could write pages about other push-backs I got during sales calls, for the obvious threats I made to the status-quo over the course of the 1,000+ sales calls. But instead, I'll fast-forward to today and simply state, here, that based on a lot of my own personal experience (some might call it street cred) I found that clearly... VERY FEW people really want to take ownership of the poor lead follow-up problem, or even consider taking the initiative to solve it. And here is what this writer suspects are reasons why.
Upper management people seldom wanted to look into the problem of poor lead follow-up. Especially if it meant they would eventually have to get involved in solving it, because they wouldn't be able to visit their company's trade show location where the leads are being generated. Especially when the trade shows are located in the 3 biggest playgrounds in the country... Orlando... Chicago... and Las Vegas.
BTW - If you have ever experienced upper management visiting your company's trade show... how long were they in the booth? Usually only long enough to make their presence known, then they disappeared, right? And maybe it was just a coincidence that they had their grandkids with them in Orlando, their wife in Chicago, and/or who-knows-who in Las Vegas with them. I'm just sayin...
I recently saw attendance figures from a significant trade show stating that 24% of the show's overall attendance was made up of Senior Management. I challenged the show organizer to verify how many of the (Senior Management) names appeared in exhibitor sales lead counts. They didn't want to do that, and I'm not at all surprised as to why. Because I doubt that the Senior Management walked the show floor and/or expressed interest in buying anything. They just wanted everyone to know they were there.
Further... I found sales people and/or their sales manag ers that certainly didn't want anyone to "rock their boat" with the reality of poor lead follow-up. Because they already had their budgets in place, lifestyle built around their income, and favorite dealers, distributors and reps to fish, play golf, and party with. Is the reason for the Gorilla becoming more noticeable?
And lastly, I found marketing people that certainly didn't want to take ownership in fixing the poor lead follow-up problem, because they are measured by the "numbers" of leads generated. And any process changes would have to involve their personal interaction with the sales force over in that "other silo", who would throw marketing under-the-bus in a heartbeat for muddying their waters of status-quo.
So marketing just throws the leads over the fence to the sales department and hopes for the best. And there's the 600# Gorilla just sitting there in the living room. And everyone chooses to ignore it.
If you have awareness of this situation, today, you well know that in most companies today, sales rules and marketing drools as the all too familiar blame-game marches on. Hup, two three, four.
Marketing has been blaming sales for poor lead follow-up, and sales has been blaming marketing for poor quality leads for more than 3-decades that this writer has actually experienced. And it will no-doubt continue. All while companies continue to invest jillions of dollars in CRM and marketing programs that get more leads to their sales force faster, so they can do nothing with them sooner.
Due to barriers of communication technology, today, sales people can't even reach anyone. So they are forced to live with their existing customers and ignore their prospects, all while pipelines, hoppers, sales funnels, CRM and contact management are all nothing but buzzwords, fluff and distractions from the Gorilla that's getting bigger and bigger.
The fact of the matter is that VERY FEW people want to fix the problem of poor lead follow-up, because God forbid someone might have to do something different, make a sales call, or actually talk to someone they don't already know.
The answer to the pervasive problem of poor lead follow-up and sales "prevention" is deeply rooted in "people" and the difference between sellers and order takers. Leads simply have to be processed differently in the marketing department to make it easier for sales people to follow-up. So... WTF?
WTF = What's The Future in lead generation, handling, and conversion to sales when individual self-interest is being put before company prosperity in every company but yours - right?
WHY ISNT UPPER MANAGEMENT FURIOUS about the 600 Gorilla in their living room named sales lead Followup - To learn more about this author, visit Richard Erschik's Website.
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David AchesonDavid Acheson is the founder of DCJA Consultancy. DCJA Consultancy is a management consultancy business specialising in B2B sales consultancy. They offer bespoke and packaged sales consultancy including Sales Optimisation Review, Interim Sales Management, Sales & Marketing Review, 1:1 Sales & Management Staff Analysis, Management Training, Solution Sales Training, Creation of New Pay Plan, KPI's, run Customer Feedback Campaigns, assist with Recruitment, Coaching, Appraisals and set up Strategic Marketing Campaigns. David spent his early career in accountancy and then moved into sales in 1982, working in Office Equipment, IT, Advertising, Training, Outsourcing and Consultancy. He has held many Senior Positions in SMBs and Global Organisations including Head of Sales Operations & Head of Business Development. His knowledge, skills and great experience of the Sales Industry has led to David making keynote speeches and running educational sessions to key businesses through organisations including The Chamber of Commerce and Business Link. - Visit David Acheson's Website |
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Dave KurlanDave Kurlan is the founder and CEO of Objective Management Group, Inc., the industry leader in sales assessments and sales force evaluations, and the CEO of David Kurlan & Associates, Inc., a consulting firm specializing in sales force development. Dave has been a top rated speaker at Inc. Magazine's Conference on Growing the Company, the Sales & Marketing Management Conference and the Gazelles Sales & Marketing Summit. He has been featured on radio and TV, including World Business Review with General Norman Schwarzkopf, in Inc. Magazine, Selling Power Magazine, Sales & Marketing Management Magazine and Incentive Magazine. He is the author of Mindless Selling and Baseline Selling – How to Become a Sales Superstar by Using What You Already Know about the Game of Baseball. He created and wrote STAR, a proprietary recruiting process for hiring great salespeople, and he writes Understanding the Sales Force, a popular business Blog and is a contributing author to The Death of 20th Century Selling and 101 Great Ways to Improve Your Life, Volume 2. - Visit Dave Kurlan's Website |
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Linda RichardsonLinda Richardson is the Founder and Executive Chairwoman of Richardson, a global sales training and performance improvement company. As a recognized leader in the industry, she has won the coveted Stevie Award for Lifetime Achievement in Sales Excellence and she was identified by Training Industry, Inc. as one of the “Top 20 Most Influential Training Professionals.” Ms. Richardson is credited with the movement to Consultative Selling and is the author of ten books on selling and sales management, including Sales Coaching — Making the Great Leap from Sales Manager to Sales Coach, and Stop Telling, Start Selling. She teaches sales and management at the Wharton Graduate School of the University of Pennsylvania and the Wharton Executive Development Center. Linda is a frequent speaker at industry and client conferences, has been published extensively in industry and training journals, and has been featured in numerous publications, including The Wall Street Journal, Forbes, Nation’s Business, Selling Power, Success, and The Conference Board Magazine. Learn more about Richardson's sales training and performance improvement solutions at http://www.richardson.com web - Visit Linda Richardson's Website |
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Leanne Hoagland-SmithAre your sales where you want them to be? Will you be one of the few who achieves sales or business success or one of the many who have failed to change? Are you tired of being told you are like everyone else? Then you may find my first book on sales of interest. Be the Red Jacket in the Sea of Gray Suits, The Keys to Unlocking Sales available at Amazon or at http://www.processspecialist.com/red-jacket.htm. This book is a reflection of my no-nonsense approach to improving sales to overall business results. If you are truly committed to making sustainable changes, then I can help you secure a positive return on your investment because I focus on executable solutions not telling you the problems you already know you have. From training to corporate (group) coaching to executive one on one coaching, my approach is to assess, create awareness, build a goal driven action plan and then execute. The bottom line question is "Not do you or your employees know it, but do you or they want to do it?" Please call for a free strategy session at 219.759.5601. - Visit Leanne Hoagland-Smith's Website |
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John BrennanJohn Brennan Ed.D. Dr. Brennan is President of Interpersonal Development, LLC, a training and development firm. Interpersonal Development has provided sales training and coaching to more than 3,000 sales reps from over 100 companies. A native of Australia, Dr. Brennan received his doctorate from the University of Rochester. His dissertation researched the effectiveness of Behavioral Modeling Technology in training people in interpersonal skills. While he has spent most of his career designing or delivering training, he was also a Vice-President of Sales of a training and development franchise with operations in 25 markets. Dr. Brennan has designed and delivered sales training in North America, Asia, Europe, Australia and the Middle East. He has been a guest speaker at numerous national and regional professional conferences. When Microsoft wanted Best Practices articles on sales for their web site, they called Dr. Brennan. The results are at http://office.microsoft.com/en-us/FX011387391033.aspx His firm’s clients have included Volvo, The Prudential, Merrill Lynch, Eastman Kodak, Gannett, Equifax Europe, the Economist Group and countless small businesses. - Visit John Brennan's Website |
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George LudwigGeorge Ludwig is a recognized authority on sales strategy and peak performance psychology. An international speaker, trainer, and corporate consultant, he helps clients like Johnson & Johnson, Abbott Laboratories, Northwestern Mutual, CIGNA, and numerous others improve sales force effectiveness and performance. Though it's George's strategies and processes that help corporations increase productivity and performance, it's his tremendous energy and dynamism that spark the transformation. Again and again, clients remark on his amazing ability to unleash human capacity and inspire men and women to break out of their comfort zones. The result is a whole new type of salesperson. His customized presentations teach achievers to make stunning advances in their lives. From helping salespeople realize cherished dreams to helping corporations exponentially accelerate revenue streams, George Ludwig leaves audiences and individuals empowered, emboldened, and clamoring for more. George is the best-selling author of Power Selling: Seven Strategies for Cracking the Sales Code and Wise Moves: 60 Quick Tips to Improve Your Position in Life & Business. - Visit George Ludwig's Website |
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Staging DivaDebra Gould, aka The Staging Diva®, is President of Six Elements Inc., an internationally recognized home staging company. Inspired by many requests from aspiring home stagers wanting to start similar businesses, Gould created the Staging Diva Home Staging Business Training Program. Gould has trained over 1000 Staging Diva Graduates worldwide to start staging businesses. Buying decorating and selling six of her own homes in four years lead to an interest in real estate staging which she turned into a career with the launch of sixelements.com in 2002. Since then she has staged hundreds of homes in addition to teaching home staging training. Gould is the author of several home staging resources including a series of popular ebooks made up of a Design Guide, Color Guide and Portfolio Guide. For more information about Debra Gould visit stagingdiva.com. - Visit Staging Diva's Website |
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Anne BarrAnne Barr has over 26 years experience in sales and marketing, six years as a franchisee. She has assisted over 367 business owners and purchasers to achieve their goals in career change, transition and exit strategy. She holds the designation of Certified Franchise Executive from the International Franchise Association, Certified Business Intermediary from the International Business Brokers Association and Board Certified Broker from the Texas Association of Business Brokers. Anne is active in professional organizations, networking groups and volunteers for non-profit entities. As owner/operator of four successful businesses, Anne has proven people skills and enjoys helping clients find the right "fit" in business ownership. Visit www.FranchiseOpportunitySpecialist.com for more information about me and my company. - Visit Anne Barr's Website |
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