95% of success is just showing up. Woody Allen said something to this effect. I think that this is so true for sales. If you can just be there that is 95% of the job done. Exaggeration? Well maybe just a bit… but let’s look at it.
Showing up when your customer is about to place an order – unless your selling is of a transactional nature (“Need any widgets today?”) – is probably far too late. Buying high value software and services isn’t an impulse purchase so turning up at the door isn’t likely to result in an order.
If you study your available market, there are probably no more than 20% (if that) who are actively in the market for a solution now. This means that the vast majority aren’t looking to buy now.
But suppose young Joe Salesman makes contact with a firm that’s in the 20% and they have decided to buy a solution. He realises that his company can provide it. Joe starts to breathe hard, mentally if not actually mobilising the support troops to pitch for te business.
Back at the office wiser heads than Joe are less excited at the news. There’s a ton of work to be done in responding to the RFP. The “prospect” seems to want a huge amount of needless information including the CEO’s collar size. This will tie down Joe and support people for many days.. and when do they want it? What?? They must be joking. Can we get an extension on the deadline?
Some salespeople I know are totally occupied responding to ITTs and RFPs. But sales teams that do this and respond to everything that lands on their desk typically have a very poor win rate. Why should this be?
The main reason is that by the time an organisation issues an RFP or ITT a number of processes have been accomplished. First the need will have been realised and the pain or desired goal recognised at a senior level. Secondly, key people in the organisation will have started to think about the shape of a solution; they will have done some research, maybe met with some suppliers. In getting their ideas straight so as to write the specification or RFP, their ideas as to how to solve the problem will have started to harden. If Joe hasn’t been there to help them think through a potential solution, the chances are none of the unique benefits Joe’s firm could bring to the solution will have informed the prospect’s thinking processes . Certainly, Joe will not have been able to influence the conceptual thinking that has gone into the RFP .
Furthermore, he has little knowledge of the project sponsor, the key decision makers and the process they will go through to decide upon a vendor. Worse case, they will have already have a supplier in mind and be going through the motions because they have to get competitive bids to satisfy procurement. And they wonder why they win so few of the bids.
So what’s all this got to do with Woody Allen? And just showing up? My point is that you have to cover the territory, ensure that you have showed up at all the key suspects on your territory for your products and services. Before they realise they have a need. Be in touch with the 80%+ who aren’t in the market for a solution now.
Help them understand what others are doing, show then how problems can be removed, register your company in their minds as a credible vendor when and if they are ready to look at the market.
The answer as Woody says is to keep on showing up.