The Epidemic
That Is Killing Sales Pipelines
By Lee B. Salz
Sales pipelines
everywhere are stuck, not because of the economy, but rather due to
a decision-maker affliction.
“I’m confused. I’ve had great meetings with the right people
in the organization. They said that our product looks terrific…but
that was 8 months ago. I’ve continued to call…followed-up by
email…still no decision. I know that the competitor hasn’t gotten
the business. If they love the product, why aren’t they buying?”
Every sales person can relate to this story. Chances are your
pipeline is loaded with these kinds of situations. A tremendous
amount of sales time has been spent; the company has invested
thousands of dollars in pursuit of this “done deal” prospect, and
still, there is no revenue in sight.
Meeting after meeting with your sales manager includes the
continued mantra of “where’s the deal?” Then comes the
inquisition…”Did you tell them this? Did you tell them that? Did you
show them the latest…?” The answer to all of those is, “Yes!” Still,
there is no sale.
Now the excuses start…”I’ve called and emailed them, but they
haven’t responded. You have to understand…this is a senior-level
decision-maker. They are busy, that’s why they haven’t gotten back
to me. They have a full plate!”
First, there is some bad news to share about full plate
syndrome. This issue has reached epidemic proportions in the
sales profession. Decision-maker after decision-maker has come down
with this dreaded affliction. Sales pipelines everywhere have come
to a screeching halt as decision-makers fall to this syndrome at
record levels. It’s very difficult to identify those who have
contracted this syndrome. They meet with sales people and are very
friendly. They even give the appearance that the sale is imminent.
Don’t fret! The government has been researching this issue
and a solution has been found. As a matter of fact, the White House
addressed the full plate syndrome issue late last night at a
press conference.
“We are acutely
aware of the issues associated with full plate syndrome and
recognize the tremendous impact on the sales profession. This matter
has been investigated fully and it is with great excitement that we
announce a remedy for this syndrome. This remedy will once and for
all eradicate full plate syndrome from sales. Effective
immediately, all decision-making business professionals are being
issued a second plate. Thus, the issue of the decision-maker not
returning calls to sales people due to their having a full plate has
been eliminated. We expect this remedy to open-up sales pipelines
everywhere.”
One of the easiest things for sales people to do when they
don’t get a return call from their prospect is to explain it away as
full plate syndrome. Perhaps, your prospect has a full plate,
but the items on their plate can always change if you present the
right solution.
Consider this…Just before you go to bed, you check your
Blackberry one last time, and it’s a good thing you did. There is an
email from the CEO of your company. She wants to meet with you
tomorrow at 9:30am to discuss tripling your salary. You read it five
times to make sure you read it correctly. In an instant, you reply,
“I’ll be there!” In doing so, you didn’t even check your schedule
you knew already was booked solid.
After all, who wouldn’t you be at a meeting with their CEO to
discuss tripling their income? Whatever is in the 9:30am timeslot is
being moved because you are going to that meeting and getting that
three-fold income jolt. Nothing is going to get in the way of that
meeting.
That said, why would you accept this meeting knowing that you
already had a full day planned? The answer is obvious! Making more
money is high on your priority list. When the call comes for that
opportunity, all else goes by the wayside. The CEO has a solution
that is aligned with your top priorities.
The same concept holds true in working with your prospects.
If the solution you are presenting to a prospect is aligned with the
primary area where they are challenged, full plate syndrome
does not afflict your sale. The sale moves readily through the
process. If not, the deal languishes in the pipeline. Similar to the
old Roach Motel, the deal goes into the pipeline, but it never comes
out. No return calls.
If you are in a simple-sales environment (one
decision-maker), the process to align the solution with the focal
area of the buyer is not overly difficult to do. However, in a
complex sales environment (multi-person decision), it can be
daunting. Different buying players (those who influence a sales
decision) have different priorities. While cost reduction for
the CFO may be a front of mind priority, the plant manager may be
focused on quality improvement, and the CIO may be focused on ease
of integration. The key is to align the solution for each of the
buying players congruent with their priorities. While the product is
the same, the positioning with each of the buying players is
different.
The question to ask yourself is why should your solution
be a priority for each of the heavily influential buying players?
Better stated, “Why should they do this now?” Before you can
answer that question, some homework is needed to find out where each
of these buying players are focused. For example, if the CFO is a
heavily influential decision-maker, research CFOs to find out their
front of mind issues. With that knowledge, you can ask yourself,
“How does my solution solve this primary issue for the CFO?”
The same process is conducted for each of the identified
strong buying players. Here is the kicker…If you can’t identify how
your product solves the front-of-mind problems for the heavily
influential buying players, you will find the sale languishes in the
pipeline, forever. Forever is an overstatement. It will stay in the
pipeline until your competitor presents a solution that is aligned
with their priorities and they will get the business.
Not sure how to
align what you sell with your buyer’s priorities, send me an
email requesting my buying players worksheet which will help you
gather your thoughts.
Read other articles and learn more about
Lee B. Salz.
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