How to qualify a sales opportunity before submitting a proposal
Proposals are important in business. This article will help you understand what is involved in submitting one for business.
Your time is extremely valuable and should not be wasted on prospects that have no interest in developing a business relationship with you.
Yes it’s important to find out if the prospect has budget for your product or service. And it’s very important to uncover their decision making process. However, if you are to truly qualify an opportunity, and avoid being taken advantage of, there are 3 other things you must understand first. They are:
1. Can the prospect clearly explain their need?
Confirming they do have budget and that they are currently interviewing several vendors is not enough information to consider the opportunity qualified. Here are 3 reasons why:
1. They might want to get information from you to renegotiate with their current supplier.
If you ask your prospect to explain the need they have and they are able to do so with a fair amount of detail it proves that this need is real and one they’ve given some thought to. It also shows you they find it to be important. If they are unable to articulate the need either the need is not very strong, and therefore they have no real interest in your product, or you are talking with the wrong person.
You’re insight into how well qualified the opportunity is crystallizes when your prospect explains to you how they and the company will benefit from satisfying the need.
Source: Free Articles from ArticlesFactory.com
ABOUT THE AUTHOR
Duane Cashin is a motivational speaker and sales trainer who focuses on helping sales and business people differentiate themselves and gain a competitive advantage in today’s crowded and competitive markets. Duane’s knowledge of how to penetrate the C-Suite was solidified when he worked with Tony Parinello the author of the best selling book Selling to VITO. As a keynote speaker and sales trainer Duane is known to have the perfect blend of content and humor. http://www.duanecashin.com/