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  • Answer Upon - Overcoming Pipeline Challenges

    Six Secrets to Successful Tourism Marketing, Websites, Ads, Trade Show Booths & More
    If you want to substantially increase your tourism prospects and sales without a lot of effort and expense, then read on and prosper. You are going to learn the power and impact of the written word.Today’s tourism prospects are very busy. Decisions that influence purchasing decisions can be made in seconds - based on how your marketing materials are written. Your best prospects are choosing to give you business or not based on how effective and compelling your writte
    question I am trying to quantify the process of getting a purchase order, without coming out and asking about the order directly. If they tell me that they do not have the budget for this project. I would ask them what sort of returns they would n
    How Much Does it Cost to Build a Truck Wash?
    Many folks want to build a truck wash and then start making a business plan. They go look at a truck wash and then think to themselves, well I can build something like that cheap enough. Get a steal building, put down some concrete, buy some equipment and suddenly I am in business right? Sure, in theory.How Much Does it Cost to Build a Truck Wash? Well, down and dirty somewhere between $225K to $400K not including property. I have seen them done cheaper, but generally by the tim
    One of the things that salespeople talk to me the most about is qualifying sales leads correctly. Many people have challenges with their pipelines, which I find to be quite interesting. They have a lot of opportunities in the pipeline that are either taking far too long close, they have a low closing ratio or they cannot get return calls anymore (aka the customer has lost interest). This is why I use a sales tool called BANT. Whenever I am prospecting for opportunities or new clients I will use BANT to determine if the opportunity is a legitimate sales lead or that it will turn into an eventual sale. BANT stands for Budget, Authority and Time frame. I will qualify BANT with a customer with the following questions:

    If we are able to show a return on this project, do you have the budget to move forward? If they answer yes to this question, I will proceed to ask a number of open ended questions, such as: Who besides yourself would have to sign off on this agreement? With this question I am trying to quantify the process of getting a purchase order, without coming out and asking about the order directly. If they tell me that they do not have the budget for this project. I would ask them what sort of returns they would ne

    Process Management - Baldrige Assessment Case Studies for Category 6 to Measure TQM Success
    In my previous article entitled: Human Resource Focus - Baldrige Assessment Case Studies for Category 5, I shared about common assessment findings of several companies being assessed by a group of trained and experienced assessors. In this article, I will provide similar findings but on Process Management of the Baldrige Criteria. It is provided in the form of case studies which include Criteria summary as described in year 2001 Baldrige Criteria, assessment findings in terms
    er taking far too long close, they have a low closing ratio or they cannot get return calls anymore (aka the customer has lost interest). This is why I use a sales tool called BANT. Whenever I am prospecting for opportunities or new clients I will use BANT to determine if the opportunity is a legitimate sales lead or that it will turn into an eventual sale. BANT stands for Budget, Authority and Time frame. I will qualify BANT with a customer with the following questions:

    If we are able to show a return on this project, do you have the budget to move forward? If they answer yes to this question, I will proceed to ask a number of open ended questions, such as: Who besides yourself would have to sign off on this agreement? With this question I am trying to quantify the process of getting a purchase order, without coming out and asking about the order directly. If they tell me that they do not have the budget for this project. I would ask them what sort of returns they would n

    The Art of Schmoozing and Winning Friends
    I have recently received a very interesting question and I would like to take some time to answer it here."Can you share with me on how to make small talks with people of higher authority? (for eg, after attending a talk, there are many people worth saying hi to. But how do I do that without feeling out of place? What do I say? How do I start? )"There are two parts to the question: 1. How do I make small talk 2. How do I make small talk with people of hig
    use BANT to determine if the opportunity is a legitimate sales lead or that it will turn into an eventual sale. BANT stands for Budget, Authority and Time frame. I will qualify BANT with a customer with the following questions:

    If we are able to show a return on this project, do you have the budget to move forward? If they answer yes to this question, I will proceed to ask a number of open ended questions, such as: Who besides yourself would have to sign off on this agreement? With this question I am trying to quantify the process of getting a purchase order, without coming out and asking about the order directly. If they tell me that they do not have the budget for this project. I would ask them what sort of returns they would n

    STOP SELLING, START POSITIONING! How Marketing Pros Thrive in the Best And Worst of Times
    I disagree with conventional thinking that the #1 fear in America is public speaking. I personally “love” to speak in public. The #1 fear in my book - as it is in most business owners’ books - is “selling. Hard-core, grubby, “get ready for rejection” traditional selling.If you are like me, you have taken a zillion sales seminars ... learned all the “secret techniques” ... listened to all the motivational tapes of top salespeopie (like Tom Hopkins) ... rehearsed your pho
    to show a return on this project, do you have the budget to move forward? If they answer yes to this question, I will proceed to ask a number of open ended questions, such as: Who besides yourself would have to sign off on this agreement? With this question I am trying to quantify the process of getting a purchase order, without coming out and asking about the order directly. If they tell me that they do not have the budget for this project. I would ask them what sort of returns they would n
    How To Inspire Your Staff to Higher Productivity
    For too many workers, their get-up and go has gotten up and left, and it's not coming back any time soon. Let's take a look at a three-part process of inspiring your staff to higher productivity.First, we want our staff to get inspired. How do you inspire someone more than appreciate them for being alive and showing up. We have to care enough to know more about them. If we don't know, we have to ask. We only have to ask if we want results. If you don't want results, don't fini
    question I am trying to quantify the process of getting a purchase order, without coming out and asking about the order directly. If they tell me that they do not have the budget for this project. I would ask them what sort of returns they would need in order to free up budget from another department (cost center, project, etc) to fund the project. If they tell me they would not be able to do that, I would then ask, what would be the requirements to get the project in their next fiscal budget cycle, when that budget cycle is, etc.

    The Authority portion of BANT can actually be a little bit more challenging. Many people (especially if you are dealing with people who are low in the organization or in certain departments like purchasing) do not want to admit that they do not have the power to make a decision. I will try the same approach as with the Budget question to begin with.Who besides yourself would be involved in this decision? If they are open and give you some names, I would then begin to negotiate access to those other people. After all you want to make sure that everyone involved in the decision has firsthand information from you on the details of your proposal. If they did not give names (or say they do), I

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