Many of the strategies that we engage in today, whether in our thinking as well as in our actions, are often counterintuitive to what we may believe would be the solution to achieving our goals and objectives; especially as it relates to cold calling and prospecting for new business.

Here’s a sample of the top paradoxes of prospecting that make prospecting so challenging. However, once these paradoxes are woven into your thinking, you’ll notice how these contradictions will provide you with a competitive edge that no other marketing piece, feature or benefit of your product or service could even come close to.

1. You want the sale (appointment, demo) but you must detach from the outcome and have no expectation, since the sale is not the initial goal of prospecting.




2. You want the prospect to say “Yes” to taking the next step in your sales process but you have to qualify them first to see if there’s even a fit worth pursuing.




3. You want the prospect to buy from you but must learn to give value unconditionally, whether or not they buy or meet with you.




4. You want to deliver and push through your presentation but you must get the prospect’s permission even before you present.




5. You need to keep your eye on your objective, set your goals and plan your strategy for the future to determine the path to travel on but you must bring yourself back into the present moment during every prospecting conversation.




6. You want to make more money and achieve greater success in your career but you have to make the sales process about the prospect, instead of you, in order to do so.




7. You want to sell to each prospect you speak with but need to qualify them to see if you even want them as a customer. (Remember, if you want to build a business or career you hate, just find the people to work with who you just can’t stand.)

Lets face it. You and I both know that the ultimate objective of your prospecting efforts is to sell more and boost your income. However, to achieve this goal, it’s just not where you are going to focus your energy and thoughts.

If you can understand and embrace these paradoxes, you now have the opportunity to respond to each prospect in a healthier, more productive, and more enjoyable way.

Do you remember like it was yesterday where you could get away with connecting with your key accounts on a less frequent basis? Today, you must over-respond and over-communicate to the needs of your customers or risk losing them to your competition.

If you’re in the transactional selling business or are an order taker, then chances are, you don’t always have the strongest relationships with your customers. Therefore, more time must be spent fostering stronger relationships with key clients in order to insulate them for your competition. After all, tighter budgetary constraints = less spending = fewer and smaller selling opportunities = increased competition. Or does it have to be this way? What about this model.

Tighter budgetary constraints = less spending + making the needed adjustments in your selling strategy to account for this change = Capture greater market share.

This doesn’t mean calling on your key accounts just to “check in.” Just the other day, I received a voice mail from my credit card processing company. They were calling, and I quote, “Just to see how things are going.” Gee, this is certainly not the type of call that’s going to stimulate new sales or more sales.

Instead, have a better set of timely questions that will help you understand how the current economic crisis has affected the way they do business and make purchasing decisions.

Especially today, there are many salespeople who are hiding under their desk in fear not wanting to talk to their customers. This is a perfect opportunity for you to seize more market share.

The salesperson of tomorrow will continue to evolve into more than a salesperson, but a valuable resource and a trusted advisor throughout the entire selling process; and beyond.

This presents a huge opportunity to mine for additional upselling and cross selling opportunities.

Think about it for a moment. To develop the possibility for a sale, you have to uncover two critical things:

First, where the prospect or customer is now (Current State)—->
Second: Where They Want To Be (Desired State)

It’s your job to move them from their current state to their desired state through the use of better questions. If you want to know if your questions are being effective, just ask yourself this; are your questions giving you all of information you need to know about your prospect and their situation? The wrong questions will not only provide you with the wrong information but they will guide you right out of a sale and any selling opportunity that may have existed.

Below are the questions I mentioned I would blog about from the webinar series I delivered the other day for Hoover’s with Dr. Denis Waitley and Tom Hopkins.

Here are some relevant questions to explore with your current customers and prospects to uncover their priorities, how they are making purchasing decisions today and any upselling opportunities that may exist:

1. How has the current market/economy impacted your business?


2. What are you now doing differently as a result?


3. How have your priorities changed? What’s your single most important initiative?


4. How are decisions regarding (new purchases, existing purchases, working with current venders) made now? Has that changed?


5. How has this impacted the way you allocate your budget and your spending?


6. How is this all affecting you and your job?


7. How can I be a resource to you?

When prospecting, it’s going to be the following decision oriented questions that are going to move the sales process forward and motivate your prospect to want to buy from you. These types of discovery questions will enable you to develop a greater sense of urgency that will motivate them to make a buying decision.

1. Mr. Prospect If you could eliminate three of your biggest problems, headaches, or stresses as they relate to [STATE SERVICE/TASK] what would they be? (If there were three problems that you would want to see resolved with your current service provider what would they be?) (Ineffective solution, frustration, stress, etc.)


2. How does this (current problem, headache) affect you and your life? (Tie in the challenges they are experiencing to their position. What’s their personal cost as a result of these challenges?)


3. If you don’t make any changes, then what do you think it’s going to cost you over time? (What is it going to cost you by not changing? What additional opportunities do you think you’re letting pass by? How will this affect your bottom line?


4. Do you think there are opportunities you may miss out on by not changing? What cost do you incur by keeping things the way they are?)

A client of mine recently emailed me an audio file to listen to. It was another coach sharing their perspective around the Law of Attraction and the role it plays in our lives. After listening to this audio clip, my reaction was, from the five story view, I’d say that I have full mindshare around this concept. After all, I am certainly an advocate of the Principle of Attraction – to a point!

I remember about seven years ago being interviewed for an article in a coach magazine on the power of Attraction. You see, while the power of Attraction can have a profound impact on your life as it relates to how you can manage your mindset to achieve your most precious goals and attract that which matters most to you, there is a loophole. If not managed correctly, the Law of Attraction can quickly evolve into a list of excuses, justifications and reasons for not taking action instead of assuming full accountability for your life and everything in it. In other words, attraction without the action to support what you want to achieve and create most is a diversionary tactic. It gives a person permission not to take action and instead, sit on your couch and eat potato chips, just waiting for the power of your intentions to manifest into what you really want most.

Then, there’s the other Attraction Principle worth challenging. Attraction suggests to, “Continually do what you’re currently doing. Stay detached from the outcome. There’s no need to change things up until the perfect opportunity presents itself. And if you find resistance to any activities in pursuit of your goal, it’s the wrong activity or the wrong goal.”

I fully agree with not having any attachments around the outcome. (As a coach, this is the #1 principle you need to master to become an effective coach.) However, this is dangerous coaching to give to some people – especially those people who are very literal. Moreover, it is this type of thinking that fuels the sense of American entitlement that is destroying the fabric of our society.

After all, the pendulum of extremities swings to both sides. While I agree you certainly don’t want to ‘force’ a goal or an outcome, which could be a sign that it’s the wrong goal or wrong outcome, I also feel that if you truly do believe in something, you need to push through certain things, such as procrastination, so that you can do what you know you need to do in order to achieve your goals, regardless of whether or not you want to do them. I know thousands of salespeople who want to make more money and close more deals. However it doesn’t mean they want to prospect or cold call in order to do so. They may have to engage in the activity of cold calling in order for them to get to where they want to be.

If interpreted incorrectly, the Law of Attraction can be used as a diversion not to do these “Have to’s” or “Need to’s,” and can be the driving force to free you up from any personal accountability.

Here’s another universal law. We attract what we need to learn the most and as such, we resist what we need to learn the most! Therefore, consider that the obstacles and challenges we come face to face with, we actually attracted in our lives. And we attracted them because we need to learn a valuable lesson once we embrace and move through that issue or situation. So, consider that this is the universe’s way of testing us to see how badly we want to achieve our goals!

Lets revisit the a salesperson I mentioned who has a specific income goal and part of their strategy to achieve this goal requires them to cold call. What if you don’t want to engage in this activity? According to the principle of attraction, if there’s resistance, don’t do it. And if you adhere to this, you’ll soon find yourself out of a job or out of money.

Instead, either find an alternative method to attract new prospects, or refine your cold calling approach to fit you and your prospects. The limiting misinterpretation of the Law of Attraction would say, “No, keep doing what you’re doing the way you’re doing it before – no need to change.” This is dangerous, especially if the way you are doing things now isn’t achieving any of the desired results you seek. Something has to give.

On a personal note, if I didn’t adhere to this deeper definition of the power of attraction that encapsulates the critical element of full accountability, I can tell you this; I wouldn’t have become an executive sales coach, written five books, hundreds of articles, dozens of ebooks and have achieved the goals and level of success that I have in my life. Instead I’d be sitting on the couch watching Oprah, eating junk food and waiting for the principle of attraction to show me the way!

Bottom line: Attraction + action + full accountability for everything in your life = extreme success!

What are your thoughts? I’d love to hear from you!

Here’s a great new resource worth using. It’s alltop.com. Alltop.com collects stories from “all the top” sites on the web. They have grouped these collections into individual Alltop sites based on topics such as sales, environment, photography, science, Muslim, celebrity gossip, military, fashion, gaming, sports, politics and automobiles. At each Alltop site, they display the headlines of the latest stories from dozens of sites and blogs.

Think of an Alltop site as a “digital magazine rack” of the Internet. Alltop is attempting to enhance your online reading by both displaying stories from the sites that you’re already visiting and helping you discover sites that you didn’t know existed. Their goal is simple: provide “aggregation without aggravation.”

The way it works is this: They import the stories of the top news websites and blogs for any given topic and display the headlines of the five most recent stories (except Moms.alltop which has fewer headlines because there are so many feeds). When you place the cursor over a headline, alltop displays part of the story so that you can decide if you’d like to read it. To read the story, click on its title. To go to the home page of the site, click on its domain name. That simple. Take a look and let me know what you think.

Quite often when we think of qualifying a prospect, we believe this process to occur earlier on in the relationship. However, the qualifying process can take on many forms. Here are three different strategies you can incorporate into your prospecting efforts as it relates to qualifying your prospects at a much deeper and more rewarding level. You’ll notice new selling opportunities right in front of you that you never knew existed before.

#1 – Learn from Each Call – Conduct Valuable Research

For those calls where you feel you’ve given it your best effort and you’re just not getting anywhere:

“I do apologize for the intrusion as well as my approach. I can understand how people are a bit skeptical of a cold call. Quite frankly, so would I. May I ask, when making a decision on what [venders to choose, products to buy, services to use], how do you go about gathering your information? This way, if I ever get a second chance to speak with you, I can honor your decision making process and hopefully connect with you in a way that you are more comfortable.”

OR

“What would have made you more receptive to my call today?”

#2 – Prospect Your Prospects

For those prospects who may simply not be a fit, yet may know people who are:

“Mr. Prospect, thanks again for taking the time to speak with me today. I’ve certainly enjoyed our conversation. Based on what you are currently doing, it seems that our product is not a good fit for you. However, I hope our conversation reinforced what a great job your current vender is doing for you.

While there may not be anything I can provide you that would make a measurable difference in comparison to what you are doing now, maybe there’s another way we can work together. In your line of work, I’m sure you run across other people who have shared similar challenges that you had and might be looking for a better solution. If you know someone who is always looking out for ways to do things better and who you feel could benefit from our product, would you be comfortable referring them to me?”

Then, continue with: “That sounds great. Then may I ask who you know that would be a good candidate for our service?”

3 – Get Permission to Follow Up and Prospect Them

For those prospects who may now be in your pipeline and need follow up to insulate them from your competition, while keeping your finger on their buying cycle and when they may be ready to buy:

“Mr. Prospect, thanks again for your time today. Before we rap up this conversation, I’ve noticed that in the past, when I have attempted to reconnect with someone months after our first contact, many things have transpired. Changes in their position, in their company, or in their life often have tendency to divert even the best-laid plans. Since there are so many things that can happen in two months, I was hoping that I could stay in contact with you without stepping over the line and being annoying about it. With your permission, can I contact you from time to time with updates about our product or valuable information that you may find of interest as it relates to your business?”

A monthly newsletter, a free trial, an article of interest, a great new product feature or being a resource for additional needs they may have are just a few ways to deliver value during this “down time” and keep your finger on the pulse of every prospect you speak with.

With all this talk about qualifying and how to qualify a prospect, it’s critical to ensure that, especially those of you who are attempting to cold call for the first time or prospect in a more unique or innovative way than you’ve done before, you understand the difference between qualifying and judging a prospect.

To permanently eliminate any confusion, lets draw a distinction between what it means to pre-qualify and pre-judge someone, such as a prospect. If you read my cold calling book, you know that I’m a strong advocate of pre-qualifying anyone before you invest your very limited and precious time in meeting with or speaking with them. Conversely, pre-judging someone is something you do that shows up in the filter or barrier you have in your listening, which was created out of the assumptions you’ve already made about that prospect.

Here’s another way to distinguish between the two. When you are pre-qualifying someone, you are arriving at a conclusion that determines whether or not there’s a fit worth pursuing based on a defined set of criteria you uncover through the use of well crafted questions. You are solely focusing on the prospect, not yourself and what you have to gain or lose, to determine how you can add value or if there’s a match between the two of you.

Pre-judging said simply, is all about you. Here, you are relying on your faulty and costly assumptions, thoughts and beliefs to determine their needs and whether or not this prospect will potentially buy from you.

When you pre-judge someone, you’re making assumptions about them before you ask any questions or uncover many facts. Maybe you’ve judged them by their appearance, where they live, their type of business or industry, how they sound over the phone or a comment they made. In essence, you’re “already” listening and forming conclusions based on your defined set of criteria rather than the facts.

When you pre-qualify someone, you’re asking questions to uncover their specific needs and objectives, without making any assumptions. You are learning about the prospect based on the responses you hear from the questions you ask. You are being fully engaged and present in the conversation with that person, rather than in your own head forming conclusions or operating off your agenda. This way, you’re making a decision to pursue this prospect based on reliable intelligence instead of your overactive imagination. (Here’s another distinction: authentic fit vs. a pipedream. )

September is Customer Appreciation Month is for Hoover’s. In support of this, Hoover’s has identified a theme for each of the four weeks of the month which I’ll be blogging about. Here’s the schedule.

Wk 1: Prospecting (9/8-9/12)
Wk 2: Qualifying (9/15-9/19)
Wk 3: Presentation Skills and Closing the Sale (9-22-9/26)
Wk 4: Overcoming Objectives (9/29-10/3)

Now that we’re in week two, below are some qualifying questions you can use during the next conversation you have with a prospect. Remember, it’s not just any question but defined, well crafted questions that are going to act as the conduit to more qualified prospects and more sales.

While many salespeople would use questions that qualify their prospects to determine whether or not they are a viable candidate for their product or service, uncovering a true fit between you and your prospects goes much deeper.

There are actually two distinct types of questions: First, there are fact finding questions. These questions relate specifically to your industry and product or service. These fundamental questions provide you with the information you need to uncover whether this prospect is even someone who would purchase what you sell. These questions would uncover the following information. Do they currently have a similar solution you offer. Is your solution a complement or replacement to what they are currently doing? Is the company the right size, offers the right product or service, is the right industry, has the right type and number of employees?

Second, there are those decision oriented questions that move the sales process forward and motivate your prospect to make a decision or want to buy from you. These discovery questions will enable you to uncover how they go about making a purchasing decision, the cost of not making any changes as well as create the urgency for the prospect to make a decision.

Keep in mind when executed correctly, these questions will facilitate a natural conversation, rather than a “pitch.” As you read the questions that follow, remember, it’s a give and take. You’re not interrogating them, but having a conversation to learn how you can best assist them based on their goals and objectives, uncover the process they honor when making a decision and whether or not there’s even a fit.

Finally, look at these questions like a big buffet. Take what you like and what works for you and leave what you don’t.

1. Tell me about your goals and what you are looking for. What would make this relationship successful for you?


2. What are some of the benefits you are looking to gain as a result of (changing venders/providers, equipment, etc.)?


3. What is the most important factor to you in making this decision?


4. Since all of my customers have their own unique needs I want to make sure I tailor the information that I will share with you around what is appropriate for you. Just so I don’t sound repetitive, what do you already know about our company? OR How familiar are you with the types of products and options that are out there in the industry?


5. Is what you are currently doing/using generating the results you’re looking for? How is it working for you?


6. What else are you looking to accomplish if you were to change venders/providers?


7. What would you need to know about us that would confidently make us your first choice? What are you looking for in the company you choose to work with? What is important to you? How do you decide on who to use? Based on what criteria?


8. What information can I provide that would give you the peace of mind in knowing that we are the right company for you?


9. Did you have a good experience with (your current service provider, etc.)? Any bad ones?


10. Is that the only other option you’re still considering?


11. I want you to know that whether or not you choose us, I want to make sure that you have all of the information you need to make the best decision. So how this decision is typically made?


12. Who else is typically involved in this decision?


13. When are you planning on making this decision?


14. How long have you been thinking about making this change?


15. How do you normally go about making a decision like this? What’s the process?

Decision Oriented Questions

1. If you could eliminate three of your biggest problems, headaches, or stresses as they relate to [STATE SERVICE/TASK] what would they be? (If there were three problems that you would want to see resolved with your current service provider what would they be?) (Ineffective solution, frustration, stress, etc.)


2. How does this (current problem, headache) affect you and your life? (Tie in the challenges they are experiencing to their position. What’s their personal cost as a result of these challenges?)


3. If you don’t make any changes, then what do you think it’s going to cost you over time? (What is it going to cost you by not changing? What additional opportunities do you think you’re letting pass by? How will this affect your bottom line?


4. Do you think there are opportunities you may miss out on by not changing? What cost do you incur by keeping things the way they are?)

Earlier this summer, I was interviewed by Inc. magazine on the how to keep salespeople motivated, especially when they miss their numbers. Business owners and sales managers need to focus on specific parts of their sales process rather than just hammering on the overall sales goals.

In this Inc. story, entitled, Fighting the Sales Force Blues, read about two of my clients (Joe and Michele) who have taken a proactive stance to adjust to the current market conditions, rather than playing the victim or taking the ‘wait and see’ attitude.

Read about what they have done in response to the changes in their marketplace which has resulted in keeping them on top of their game and on top of their sales. Here’s what CEO’s, managers and business owners need do to stay on track and, most importantly, keep salespeople motivated in an uncertain economy.

Here’s the link to the full article on Inc.

Do you have a sales team of fearless prospectors? There’s not a company out there who can afford to have their top prospectors, hunters and rainmakers become a little gun-shy when looking to attract and develop new business.

So, are you aware of the limiting thinking you may be harboring towards cold calling and your prospects? When salespeople resist cold calling, a typical response from many sales managers is to provide additional training, role-playing, a revised presentation, or more qualified prospects to call on as the solution to improving cold calling results and productivity.

Granted, salespeople do report an increased level of confidence and a decrease in call reluctance when they have been provided with the right tools, processes, and systems. Unfortunately, these tactics don’t always eliminate the anxiety or level of resistance that salespeople experience when cold calling.

Perhaps the real issue is not tapping into the source of cold calling reluctance. Fixing the symptom without understanding the true source of the problem only results in a temporary solution.

Instead of focusing on strategies that only address the symptom, explore the source of your anxiety to permanently overcome the fear and resistance to cold calling; your beliefs surrounding cold calling.

Cold Calling Isn’t a Dirty Word

When I ask salespeople about their feelings or attitude towards cold calling, I hear the following responses. Compare your list to the following common responses:

Conversely, when I ask salespeople what they love about cold calling, what I get is complete silence.

Whatever you assume or believe about cold calling, your prospects, yourself, selling, and your career is exactly what you’ll manifest in your life.

I know this may challenge traditional wisdom and your current beliefs as well as stretch your perception and point of view. However, if you’re looking for extreme results, then it calls for extreme thinking and not just a change in what you do and how you do it. With the business community continually evolving, change is critical.

Salespeople have tendency to exploit all of the reasons why they don’t like cold calling or why they won’t succeed at cold calling. However, have you ever taken the time to develop the reasons why you will succeed?

To make this real for you, if you believe that cold calling is, “Forcing someone to accept something they don’t want, intrusive, annoying, manipulative, a waste of time, intimidating, scary, something I hate being subjected to myself, and so on,” that’s exactly what you’ll continue to experience every time you cold call.

If you believe that all prospects are a certain way (uninterested, shoppers, rude, are only concerned with price) then how do you think you are going to approach cold calling and deliver your presentation, whether you realize it or not?

Think about the type of prospect that you are going to be attracting and the kind of objections you’ll be hearing? Based on your current assumptions surrounding cold calling, prospects and selling, every new experience will now become a self-fulfilling prophecy.

The Joy of Cold Calling

To combat this, consider challenging these assumptions and replacing them with healthier ones that would better serve you. For example, I love (or like) to cold call because:

1. Cold calling is informative. It lets the prospect know where they can locate the best product/service they need.


2. Cold calling is beneficial. I can share all the incredible advantages of my product/service with the people who can benefit from it most.


3. Cold calling is a way to genuinely deliver value, educate my prospects, serve people, and improve people’s lives, regardless of whether or not I make the sale.


4. Cold calling enables me to become a prospect’s trusted expert or advisor so that they can make the best purchasing decision.


5. Cold calling is a way to prevent people from making potentially costly mistakes that result from purchasing the wrong product/service or using a company that may not effectively fill their needs.


6. Cold calling makes it possible to earn the business of more prospects who I wouldn’t have the opportunity to connect with otherwise. The more I cold call, the more I sell. The more I sell, the more happy customers I have.

When working with different sales teams, I always find it interesting that some salespeople attract the difficult customers. They then find themselves in a position where they have to negotiate price, have more cancellations or returns, or have to deal with prospects that want to review three separate proposals before making a purchasing decision.

Conversely, there are other salespeople who seem to effortlessly generate the best leads and get the desirable, loyal customers and repeat business.

This is not a coincidence. At some point, you need to ask yourself, “What role is my attitude playing in this? How is my thinking affecting my performance?” Once you can identify your current limiting beliefs surrounding cold calling, I’m sure you will see the answers to these questions staring you in the face.

I received this question from someone regarding yesterday’s blog and thought it important enough to share as it may be on your mind as well.
The question was, “How much time do I put aside for pre call planning?” Here is my response:

Since pre-call planning occurs before you begin to prospect, this is the time you put aside to recondition and realign your thinking to achieve a healthier outlook regarding this activity.

The amount of time you should spend on new business development is more of a function of how long it would take you to get into the proper mindset. While some salespeople may need fifteen or twenty minutes, others may need only a few minutes to get focused enough to begin prospecting or cold calling on the phone.

I’d suggest timing each degree of pre-call planning so that you will know exactly how much time you need to put aside before you actually prospect. As mentioned earlier, pre-call planning requires a distinct amount of time that you are carving into your schedule, which is separate from the actual time you are putting aside for cold calling or other prospecting activities.