Why Prospecting Is The Crucial Sales Tactic That You Might Not Be Doing Enough OfWhen it comes to sales, concentrating on closing a deal with a current client is not enough.

ByJezreel Bokingo

Opinions expressed by Entrepreneur contributors are their own.

You're reading Entrepreneur Middle East, an international franchise of Entrepreneur Media.

Shutterstock.com

When it comes tosales,concentrating on closing a deal with a current client is not enough. You have to think long-term to be successful in this competitive industry, and being able to tap into a steady stream of customers interested in your services is the best way to keep your numbers up. The secret lies in properly identifying potential clients, an essential process known as prospecting. Skipping it would be akin to looking for an object in a pitch-black room, and prospecting half-heartedly wouldn't be any better. But do it right, and you might just be rewarded with consistent sales.

It takes a lot of time and effort to create a pipeline with enough good prospects to see you through quarter after quarter. You have to capture your prospects' attention, keep them interested, and make them want what you're offering. To accomplish that, you have tonurture your relationship with your prospects,这requires a massive amount of patience. Sadly, a lot of sellers don't prospect enough, or don't do it properly. Either they don't understand how to do it, or they just don't view it as an important step. This is understandable: prospecting involves communicating to strangers, and it comes with a high possibility of getting rejected. But just because it's not enjoyable doesn't mean you should stop giving it your best.

Here's what you can do to make prospecting easier:

1. Know your target market

Once you have your list of prospects, zoom in on the people or companies whom you think can benefit most from your services. Study your past sales to create a profile of your ideal customer and check your database for people who fit your template. This way, the time and effort you spend prospecting is maximized.

2. Prospect regularly

Let's be realistic: your chances of getting a customer immediately after just a single cold call are just a bit higher than your chances of winning the lottery. You can, however, drastically improve your chances by offering your services to more people, and the easiest way to do that is to dedicate regular hours each day solely for finding new prospects and forfollowing up on existing leads.It's not the most fun activity, but it's necessary if you want a steady stream of customers coming in.

3. Fine-tune your sales pitch

Don't just talk about what you do and how awesome your services are. Know your prospects' specific needs, and communicate how you can cater to these. Being able to offer tangible benefits to your customers show that you genuinely value your clients and don't just see them as cash cows.

4. Switch up your tactics

Think out of the box and don't just rely on usual methods like emailing andnetworking. Take your game to business development agencies: they are experts in their field and they save you time, money and energy, providing you fertile grounds for expanding your reach. There are so many ways you can make people aware about what you're offering, at reasonable cost- you just have to use them to your advantage.

5. Utilize your existing customers

Take care of your customers: remember their birthdays, send them invites to exclusive events, and get feedback from them. Word of mouth will always be one of the best forms of advertising, and happy customers telling other people how pleased they are with your services is an effective method of increasing awareness of your brand. Also, once you've closed a sale, don't hesitate to ask your client if they know anyone else who might need your services. Who knows, your next client might just be closer than you think!

Related:Sales Excellence In Five Steps

Jezreel Bokingo

Founder and Managing Director, The Wingman

Jezreel Bokingo is the founder and Managing Director ofThe Wingman,a business development agency. A business opportunity creator, strategist and a creative, he is passionate in business development, relationship management, demand generation, sales strategy and event management that help global entrepreneurs win new business and expand in the Middle East, North Africa and South Asia. He has worked with blue chip clients that include Emirates, Jumeirah International Group, Majid Al Futaim, Nasdaq Dubai, AXA Insurance and Chalhoub Group, just to name a few.

Related Topics

Living

6 Things Successful People do Before 9 a.m.

Doing something useful when you feel least like doing anything almost guarantees a productive day.

Business Ideas

17 Passive Income Ideas to Increase Your Cash Flow in 2023

Putting your effort in upfront and collecting the returns forever after is the foundation of financial freedom.

Marketing

Top 10 Successful Marketing Stunts

有没有想过有些公司多远will go to get noticed? See how 10 companies succeeded--and five failed miserably--when it came to making some noise.

Living

Do This Simple Exercise to Unlock Your Potential, Says the Psychologist Who Coined the Phrase 'Growth Mindset'

Carol Dweck, who currently teaches a first-year seminar at Stanford University, gives her students an assignment that can change their lives.

领导

Are You a Disruptor or a Destructor? A Complete Guide to Innovation for Today's Leaders

Two sides to the innovation coin will make or break your business. Understand disruptive and destructive innovation before attempting to shake up the market.

Thought Leaders

10 Ways to Build Your Entrepreneurial Confidence

Self-confidence is the backbone of a resilient mindset, which is essential for entrepreneurs - but it doesn't come easy. Here's how you can build up your confidence.