Are you losing sales, clients or prospects to competitors who are faster, nimbler or more responsive? These days, your customers and prospects can get the information and products they need almost instantly. If you can’t do that for them, they’re simply not willing to wait. Speedy interactive web sites, email, text messaging and all those other technology tools that keep us so connected have trained us to expect immediate responses.
Here’s what you can do if you are hearing lots of “I already bought it somewhere else” or you get lots of inquiries but can’t seem to close the sale.
Look at your sales processes. Do a little flow chart – doesn’t have to be anything fancy – of how your prospects hear about you, contact you and buy from you. Look at the time between inquiries and responses, offers and the actual sale. Where are the gaps in your process that keep your customer waiting – and that give them opportunity to look elsewhere?
Automate your processes. With all the technology available to you, there’s really no excuse for not having a bang-up system for responding immediately to people who show you they are interested. That might mean emails that go out automatically and interactive tools on your web site that guide people through the sales process (or event the information gathering process).
Make it easy to buy. Don’t you want to make the sales transaction as easy as possible for your prospects and customers? We’re amazed at the unintentional road blocks people put in their sales processes – everything from too much paperwork to convoluted policies that discourage buyers to plain old bad service. If you can’t make it easy on your customers, they’ll find someone who will. Check out Converting Telephone Inquiries into Sales. It’s good advice for all types of inquiries, not just telephone.
Four days. That’s the time limit one of our clients has for handling sales leads. If you can’t contact the prospect within four business days, they say drop the lead and move on to someone else. It’s not that they don’t care about that lead, it’s just that their research shows after the four day mark the chance of making the sale is almost zero. That person has purchased from someone else – or is so far along the sales process that it’s too late.
And speaking of four, a recent study from Akamai and JupiterResearch showed that the average online shopper will wait four seconds for a site to load before they move on. That’s right – you have four seconds to get your page loaded and wow that prospect.
Your response cycle may be four seconds or four days. But whatever it is, you better get to your prospects in a hurry – or someone else will.