Monopolize Your
Marketplace Train Your Targeted Prospects To Buy From You
and
Loathe The Competition
The Monopolize Your Marketplace System is the
systematic approach to making prospects want to listen to what a
company has to offer by presenting a compelling case for your
product or service and systematically and consistently communicating
it in a way that's instantly embraceable.
We have found that
most companies don't have much of a problem selling their services
or products - once they get an audience. If a salesman gets an
appointment, as long as he can fill the prospect's basic needs, then
he's got a good shot at making the sale. In retail, if the customer
just comes in the door, it's likely that they'll buy again, provided
that their needs can be met at a fair price. Professionals can
usually sell new clients if they can just get the initial
consultation to demonstrate how good they are. If a manufacturer can
just get his products into the hands of distribution, there's a good
chance they'll make sales and so on. The problem is generally NOT
selling.
The Problem Is Getting
An Opportunity To Sell
The
Monopolize Your Marketplace System is to consistently contact your
target market with compelling marketing pieces. In this way you
train your prospects to buy from you and loathe the competition. You
do this through the creation and implementation of a Hopper
System.
The whole point of the Hopper System is to allow you
to manage huge quantities of leads without all the additional time,
hassle, and expense of trying to personally contact each one of them
with the intent of developing a one-on-one relationship. Most
business owners and salespeople spend 80% of their time trying to
frantically manage prospects (with little success), instead of
spending 80% of their time closing business and building their
residual income.
To help you more clearly understand how the
Hopper System works, consider the analogy of a plum tree. It's
simplistic, but it's also true to form. Let's say you have a plum
tree in your backyard. Each year that tree will grow hundreds of
green plums that are up on the branches just waiting to turn red. If
you wait long enough, you'll discover that some of the green plums
ripen, turn red, and become ready to eat.
Plums on a tree are
like your prospects. At first, some of your prospects will be ready
to buy just like the ripe plums that are ready to eat at the
beginning of the season. But the fact remains, that for various
reasons, many of your prospects WILL NOT be ready to buy when you
first contact them. They still need some nurturing some time to
"ripen," so to speak.
Harvesting "ripe" prospects is easy. These
are the ones you call on and they have an immediate need and since
you called at a good time, you get the sale. This, incidentally, is
not your greatest opportunity to gain new customers. Your REAL
potential wealth lies in the "green" prospects-ones who need more
time and more nurturing from you before they'll finally be ready to
buy.
The average business owner or salesperson will pick all
the red plums off the tree, throw them in his little bucket (he
doesn't need a very big one!), and run off to the next tree looking
for more red plums. Maybe his next tree is a trade show, a
networking group, a mail campaign, a fax blast, or a telemarketing
list. But wait a second-don't you think some of those green ones,
the ones who weren't ready right away might pan out in the
future?
Well, even the average business owner or salesperson
figures that his green plums might turn red someday, too. So he sets
up a great system for cultivating them called the tickler file.
Every so often, he calls the people on his list from a given tree
and becomes what's known as "the annoying little voice on the other
end of the phone."
See if this sounds familiar; maybe you've
even been guilty of doing it. You call an unconverted prospect and
say "Hello, may I please speak with Tom. Tom? Hey, this is Joe over
at XYZ Cash Flow Solutions. Remember I met you at the chamber of
commerce lunch a couple of months ago? You don't. Well, did you get
that brochure I sent you with my business card? Oh, don't worry
about it. Anyway, I was just calling to see if you guys over there
need any of our services yet? You don't? That's okay. I'll give you
a call in a couple of months to see if you need some then.
Bye!"
See how silly that sounds? There is no reason from the
prospect's perspective for you to call him and waste his time in the
first place. So instead of building trust and confidence and brand
equity, you're building a gulf of contempt and hatred! This routine
gets old (for them) very, very fast.
In business, realize
that there's a process that a prospect must go through before he'll
be ready to buy from you. He may need to learn more about this
industry in general or he may want to know about you and why your
offer is any better than anyone else's he's considering. Or maybe,
he just doesn't need what you have...right now.
Your
challenge is to educate and nurture each prospect along. But that's
hard to do if you've got more than 10 prospects. Lots of business
books and trainers talk about what's known as "relationship
marketing" or the process of building a personal relationship with a
prospect so he'll think you're his friend. After all, given a
choice, we'd all like to buy things from our friends. But with 250
prospects, that's a tough row to hoe.
Let's go back to the orchard to find the
solution. In the orchard, you cultivate plum trees by watering,
fertilizing, de-pesting, etc., and you also let nature take care of
some things (sun, rain, and so forth). But remember, prospects are
like plums, not entire trees. Building a relationship with every
prospect is a lot like paying a lot of attention to every plum on
the tree. Imagine inspecting all the plums for bugs every day. Or
somehow adding a small but precise amount of water to each plum each
day. This is a silly example, but it does make the point. You have
to address the entire tree at once not plum by plum.
In the
orchard you can set up an irrigation system that would automatically
come on every day to water the trees. You can hire an airplane to
drop pesticide on your trees once a week. You can send in a crew to
prune the branches. In other words, you can treat the entire orchard
at once. All the plums will ripen when the time comes. Then your job
is to go in and HARVEST!
In sales, your nurturing consists of
two things: Communication and Consistent Contact. You have to
continuously communicate with your prospects why they would want to
do business with you…and you have to say it in a way that makes them
believe it and take action. If you will do this consistently, you
will win the lion's share of the business. Here's why:
1. None of your competitors are doing
it, so you win by default.
2. If you do this properly, you will
be building your case and as soon as the prospect has a need, you
will already be the OBVIOUS CHOICE to do business with.