ALWAYS FOLLOW THROUGH ON LOST SALES
Hubert Humphrey ran against Richard Nixon for President of the United States in 1968. When it became clear that Humphrey had lost, one of his campaign staff asked him about his “concession speech.” Humphrey told him, “This is not a concession speech. This is the beginning of my next campaign!”
No One Makes Every Sales
Even the best salespeople do not make every sale. No matter how good your products and services might be, or how compelling your sales pitch and technique is, you will not make every sale ! But if you choose to walk away from a lost sale with anger and resentment, vowing to never waste your time with that prospect again, you are making an enormous mistake and totally overlooking a golden opportunity! When you lose a sale take a page out of Hubert Humphrey’s book and view it not as a loss, but the beginning of your next sales campaign. Sales follow through is the foundation of good sales technique.
Lost Sales Follow Up
Following a lost sale put resentment aside and make contact with the person you were dealing with. During the entire sales process one of the things you have been attempting to make obvious is that they are not just another sales call , rather you are first and foremost concerned with helping them realize their dreams . This is your chance to drive that point home ! Thank them for the chance they gave you to present your products or services . Make certain they know you are still interested in them and what they are trying to do and would be pleased to serve them in any way that might be helpful . Occasionally, where the individual is especially open to your contact, you might even ask for feedback on ways to improve your sales technique , or what would have made the sale for you in the first place. At this point never argue or object - just listen, accept and be sure to say thanks. But do not introduce that subject unless the opportunity is obvious . You want to make certain the contact ends on a high note and the chance is still available to build on the goodwill you have already begun to establish. The sales process is always a continuing and ongoing process.
Then add them to your “ continuing prospect file ,” and put them on your calendar for a future contact . Make friendly calls on a regular basis to see how they are doing and to let them know you are still interested in being of service even in the smallest way. There are needs they will have in the future and you want to position yourself to be available whenever that time comes.
Never Abandon a Sales Prospect or a Lost Sale
Never drop a sales prospect because you did not get their order at this moment . Sales is an neverending process requiring perseverance and graciousness that never ends. In this light a lost sale is nothing more than the beginning of the next sales campaign!
