Follow up is the key!

December 28, 2010 in Marketing Tips by Donald LaPlume - Community First Bank Loan Services

Read Chet Holmes’ The Ultimate Sales Machine. Then read it again.

I grabbed the following tidbit from Bliss Sawyer. She was writing to a group of sales people. Since we are all professional sales people I did not want to keep this to myself. Please add your comments below.

It’s a recession. We’re cutting our advertising budget even though we know we shouldn’t. We’re racking our brains to see what else we can do to drive sales without spending too much. Well here’s a free sales and advertising tip. Follow up!

The National Sales Executive Association conducted a survey on how many sales you can get depending on how many times you contact your prospects. These statistics emphasize how important it is to follow up with sales persistence.

• 48% of sales people never follow up with a prospect
• 25% of sales people make a second contact and stop
• 12% of sales people only make three contacts and stop
• Only 10% of sales people make more than three contacts

But,

• 2% of sales are made on the first contact
• 3% of sales are made on the second contact
• 5% of sales are made on the third contact
• 10% of sales are made on the fourth contact
• 80% of sales are made on the fifth to twelfth contact

These statistics astound me and I spend a lot of calls and emails following up. I confess that sometimes even I fail to follow up more than three times. So why do we not follow up enough?

• Too busy, didn’t get to call
• The person’s name did not make it to a “touch today” list
• The time allocated to make follow up calls got allocated elsewhere
• Don’t have a single “touch today” list, it’s in several places
• Don’t have a series of things to propose that seems appropriate
• Don’t know what to say, when you’re just “checking back”
• No follow up samples appropriate to this situation
• Want to build the relationship, but not sure how
• Haven’t tracked how many times already called, it’s too soon
• Haven’t set a follow up action, don’t know what to propose next

Your own personal list of follow up failure is probably some of these and more. With 90% of the sales made after the third contact, it’s clear that this is the result of a relationship being built. Relationships take time and repeated contacts.

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Welcome to REALTOR® Deal Creator

October 23, 2010 in Welcome by Donald LaPlume - Community First Bank Loan Services

We are so glad your here. Our team has always believed in the concept of “Givers Gain”. This philosophy, promoted heavily by Dr. Ivan Misner of BNI fame is a great way to live. So, to that end we have created this site to give back to all of our REALTOR® friends and partners.
Join in the discussions, post great tips for others, build a group of your our and help each other succeed. Everything on this site is here because we believe it can help your business. Almost everything is free however we do have some links from great companies and a growing store of items we hope you find useful. Enjoy everything and know that our team at Community First Bank Loan Services and is here for you.
Thanks for being part of our housing solution!

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