February 06, 2014

Suspects vs. Prospects leads definition

What is the difference?   suspects, prospects, leads, contacts. 


From: Wendy Weiss <kim@wendyweiss.com>
Date: Thu, Feb 6, 2014 at 3:02 AM
Subject: Suspects vs. Prospects



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How much time did you (or your team) spend last year chasing after “warm leads” that went nowhere? How much time do you anticipate spending this year? There is a difference between…
 
Suspects vs. Prospects

By Wendy Weiss, The Queen of Cold Calling™

The telephone rings… or maybe you get an email… It’s a human being who is potentially interested in your offering. A warm lead! Hurrah! But… are you sure this is a lead? Are you sure that it’s even “warm?”

How much time have you (or members of your team) recently spent chasing after supposed warm leads that turned out not to be real opportunities at all? How much time have you (or members of your team) spent interacting with people who are “just looking,” “gathering information” or “needing to check with someone else for a decision”?

Prospecting is not getting easier… as a matter of fact, it’s getting harder. Prospects have shorter attention spans and a lot of options. In addition, there are only so many hours in the day one can spend looking for new business. It makes sense, then, to only spend time talking to people that are likely to buy whatever you are selling. Unfortunately, far too many sales professionals spend far too much time chasing after “inquiries” that turn out to be nothing at all.

I am indebted (and I am quoting) my friend and colleague, Bob Bly, www.bly.com, for these important definitions:
  • Suspect -- anyone in the universe who could possibly buy your offering
  • Prospect -- someone with the money, authority, and desire to buy your offering
  • Inquiry -- a contact from a suspect
  • Lead -- a contact from a prospect
Note the difference between “Suspects” and “Prospects.” It’s the difference between someone who might at some point in the future—maybe—will buy some teeny tiny little thing from you and some someone with the money, authority, and desire to buy your offering.
    
Too many sales professionals do not understand these important distinctions. Just because someone calls you or sends you an email does not make them a prospect or a lead and it certainly does not make them, “warm.”

Bob Bly is just one of the amazing marketing and sales experts you’ll hear at the Prospecting for Profit Summit-- a week-long virtual event for small business owners, entrepreneurs, and sales professionals. Stay tuned to your inbox for my email about this free event to help you reach more of the customers you want and make money.
 
 
 
 
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3 comments:

  1. Suspect - people who can "possibly" buy your offering
    Prospect - people who "desires" to buy your offering

    There is a big difference;
    Not all who make inquiries are prospects but we can do a lot of efforts to make these Suspects turn into Prospects and buy your offering.


    Julyanne A. Raagas
    SFC-HGGMP

    ReplyDelete
  2. This post is somewhat similar to Eben Pagan's Increasing the value of Productivity.
    As to Wendy Weiss, in selling we must value our time by identifying the type of customers and by searching for the real opportunities in making a sales.
    To focus more on the people whom will give us the greater productivity.
    The same in the 3ffb people who is not into selling. to put much of our time in a more productive and valuable results.

    -ella-bpi

    ReplyDelete
  3. The differences is important aspect to close the sales. Selling is a continuous learning's....we must do research and learn more to compete.

    cc of HGGMP

    ReplyDelete

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