How is your pipeline structured?
I assume most of you have heard about the sales pipeline. Your pipeline is what keeps your business going. It is a lot like a funnel: at the large end, you need to do lots of activities that will generate a slew of interested contacts; some of these move down the funnel and become coached; of these, a few get qualified, and even fewer go on to be selected and finally closed. Once you have a customer, the tendency is to spend your time at that end of the funnel fulfilling the work. When the job is done, you turn around and there is no more work waiting; you go back to the other end of the funnel and start all over.
The important lesson here is that you need to keep a balance within your pipeline so that you do not run out of clients at the end of the day. Have you ever been in a situation where you were working with one client that took up enormous amounts of your time and you had no time to do your marketing activities? And the client without warning cancelled the project and you were left without any work and nothing in the pipeline? This is the worst thing that can happen to a business. You should always have Plan B and Plan C and Plan D, etc., in the wings at all times.
There are several stages in the pipeline but you must remember to work on it to keep things flowing through. If you get a customer that tends to eat all your time, make sure the client understands that you must take one day or half a day every week to work on your own marketing efforts. You can suggest that they extend the project over a longer period of time so that your needs are also met. You will find that most clients want their project as a first priority and that you will need to schedule your time around your own marketing activities. The important thing to remember is that you must always fill the pipeline.
Your efforts to fill the pipeline while being tied up in other projects may seem difficult but you will find that a number of networking opportunities are either held early in the morning or in the evening. Some events are held at the lunch hour. Take advantage of this and set new client meetings around meal times. Don't let your business dry up; always work towards finding other relationships that can lead to future projects.
Bette Daoust, Ph.D. has been networking with others since leaving high school years ago. Realizing that no one really cared about what she did in life unless she had someone to tell and excite. She decided to find the best ways to get people's attention, be creative in how she presented herself and products, getting people to know who she was, and being visible all the time. Her friends and colleagues have often dubbed her the "Networking Queen". Blueprint for Networking Success: 150 ways to promote yourself is the first in this series. Blueprint for Branding Yourself: Another 150 ways to promote yourself is planned for release in 2005. For more information visit http://www.blueprintbooks.com
express cleaning service Arlington Heights ..Essentially there are 5 tremendously powerful methods to make money... Read More
Business checks are available in many styles and varieties. They... Read More
Why would you use an event pass?Event passes are often... Read More
Do you operate your business as a series of projects,... Read More
Car wash businesses are unique to other businesses. In fact... Read More
Do you spend every waking minute in your business? Do... Read More
SBIR Corner: FFP vs. CPFF contracts:In the SBIR/STTR world, the... Read More
You see it often in large shopping complexes. Customers seem... Read More
Passion. Passion alone can make your business successful. As an... Read More
What will your business look like a year from today?If... Read More
Where do you find more customers?How do you compete with... Read More
If you have a busy private practice, chances are you... Read More
Why does research and education play an important part of... Read More
It is most fascinating to study how entrepreneurs spot opportunity... Read More
1. Everyone Makes A Difference ? Despite not letting him... Read More
Where do you look for the appropriate alliance?One of the... Read More
As small business owners we're in business to make money... Read More
Everyday, customers and business owners are bombarded with billboards, logos,... Read More
You bet a name is important. Many small business owners... Read More
My colleague, Jane, recently lamented to me an all too... Read More
There is a great deal of abuse going on in... Read More
You may find this Newsletter a little long winded but... Read More
Most small business owners are faced with so many responsibilities... Read More
A consultant must remember that the business belongs to the... Read More
Most business owners know when they need an accountant, but... Read More
tidy up service Arlington Heights ..There are almost as many opinions and views on marketing... Read More
Writing a business plan for a mobile car wash is... Read More
Success is the desire of everyman on the face of... Read More
What is Business Valuation? The term business valuation is the... Read More
When starting a business, you have to determine the method... Read More
Franchising Corporations need to maintain an iron fist when it... Read More
Those who are in the pressure washer business should not... Read More
To maximum potential profits and dollars in a mobile washing... Read More
10 Best Practices to consider as your SBIR negotiations approach... Read More
Did you know that satisfaction is the number one emotion... Read More
In this paper, I will:1. provide a framework for creating... Read More
If a customer owes your local business money, it's hard... Read More
Looking for ways to boost your cash flow? As a... Read More
If you have a busy private practice, chances are you... Read More
Paper Shredding Business Opportunities are blossoming up everywhere because in... Read More
Here are just a few ways to increase and diversify... Read More
Someone new to business ownership recently told me, "Before I... Read More
Every business regardless of size needs a "Business Image Manual"... Read More
During the California Recall Election, I was very interested. Without... Read More
If you own a mobile car washing, pressure washing or... Read More
Let me get right to the point. The single most... Read More
Office support services can range from basic data entry to... Read More
If you plan to upgrade your workshop into an Authorized... Read More
Motivational author and speaker Jim Rohn says that for a... Read More
Small business success is very similar to learning to walk,... Read More
Small Business |