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Networking The
Pipeline You do have a "Pipeline" don't you? You know, the directional map of how you're going to encourage complete strangers to part with their money to buy what you're selling! If you don't have one, you should let us know - we'll send you a picture - just pop an email to leanpipeline@aweber.com with "Send Me The Pipeline - I'm Missing Out!" You know how it is, sometimes, even when everything else seems to fit, you'll pick up a prospect that really isn't suited to you. This has happened more than once to my business in the past and it can become a frustrating waste of time and money. So, today I'm going to share with you some secrets for spotting the trouble in advance. I've categorised people in your pipeline into three types: 1. Curious Just one warning. I'm generalising massively here, so only use these categories as a guide for how you operate tactically and not how you treat different people. I know and like lots of people who play curious, inspired and desperate routines at different times. Curious Although their nickname isn't exactly amorous they can still serve a useful purpose in your marketing. They are usually nice people, who are genuinely interested in what you're doing, but are VERY unlikely to buy from you. The Risk The curious customer will bleed you of time and intellectual property (which in business means money) in return for nothing. The fact that they might buy is what keeps the illusion intact and enables them to extract value in return for nothing. Variants If they're an individual or running a small firm then they may just be looking for value for money (which might be limited). In this case, they'll attempt to get a lot out of you in return for their money. This is understandable, but in many cases they'll get enough information to do it themselves or to effectively direct your cheapest competitor. Detection If you have a well constructed strategy for moving people through your pipeline and certain customers get stuck with no other explanation then I'd do the following... Call their bluff... Tell them what you've given for f'ree, explain that, in the interests of staying in profitable business, that the f'ree stuff ends now and ask them for their commitment. Their response will usually uncover their true motivation. Tactics They talk to lots of people though, so make sure you've installed your Brand Power statement during the detection process to benefit from potential new referral business. The golden rule is: Once you've detected them, leave them alone. Maybe ping them with the odd bit of info you'd like passed on and stop thinking about them. Desperate Now you may be thinking... What's the problem with that - sounds like a good kind of prospect to me? And that's exactly why so many people fall into the desperate prospect's trap. Desperate business people have genuinely got to that position because of the way they operate. They leave things to the last minute, procrastinate, make hasty decisions, forget what they said, act like a victim etc. If you work with individuals then your whole product might be based on desperation, but this is slightly different. The Risk You'll still get repeat business though, because they'll associate you with someone who'll jump at the last minute to get them out of a scrape. You'll be associated with the initial urgent problem you were first called in to fix. This is disruptive, dangerous and takes your eye off the ball. Variants If you deal with people who have phobias, health issues or bad habits then they're desperate to change. Just be careful they're not under the false belief that you have god-like powers. If they're desperate to make a change and willing to accept responsibility for it then I'd argue that they were inspired rather than desperate. Detection Who am I kidding? You'll spot a desperate customer from a mile off. Tactics If you want to be naughty then tell them you can't help but you know someone who can... Then send them onto the competition with your compliments ;o) Hey, they don't call me Dangerous for nothing! Desperate people are a niche though, so if you think you can make a nice profit from serving this niche then be my guest. I'd go for a high cost strategy and make sure your legal bits are watertight. Inspired To me inspired prospects have the following traits...
The Risk Don't get sucked in to working for free though, they'll respect your rules if you state them clearly and openly. Other than this risk, inspired clients are a pleasure. You'll be rewarded in far more ways than just monetary. You'll work on exciting projects and be given credit for the strengths you added. Detection I explicitly state in most of my communications that I only want to work with inspired people and that's usually exactly what I get. I can't really do much more than this. You'll just have to look at clients/people who have been inspired in the past and work out what it is that defined inspired to you. Tactics "Dangerous"
Debbie Jenkins |
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