How I Grow Customers from Prospects

If you aren’t blessed with natural sales ability, or have no sales training, turning prospects into customers can be a major challenge.

I like what Pete Savage says in The Wealthy Freelancer: 12 Secrets to a Great Income and an Enviable Lifestyle:

“…it does take some effort to get repeat and referral business, but it certainly is a much easier way to grow and sustain your business versus constantly fishing for new clients.”

Amen.

Let’s look at a few solutions:

1. Every person who inquires about your services is not the right client for you. Understand your ideal prospect, so you can focus your efforts there. Lots of small jobs from price-conscious customers may hold you back from going after the customers you really want to attract.

2. Be a giver, not a taker. Share your expertise. Help people succeed. Give as if you’re getting paid to do it. (I’m not suggesting working for free—but giving freely of yourself and your knowledge.) Focus on needs, not cost.

3. Shut up! Take sales and money out of the equation and really listen. Ask questions about the prospect’s business, goals, experiences…be interested. Let the prospect talk. The more you know, the better your chances of matching your services with the prospect’s needs.

4. Be authentic. I’ve learned it’s ok to be me, to run my business my way, to view my competitors’ achievements in a positive light, to tap into my own sense of integrity. People sense when you’re being real. Be yourself, be creative, and serve prospects from the heart.

5. “What’s your budget?” Most prospects claim they don’t know. They’re fishing for pricing, waiting to hear your quote. “Your price is too high” doesn’t mean much. Too high compared to what? Educate yourself about typical fee objections and how to handle them, and you’re one step closer to fearlessly converting that prospect to a customer.

6. Negotiate! Focus on what you can do, not what you can’t. If the client balks at your fees, don’t shut down. Tell the client “these fees are typical in the industry, but let’s talk about how we can get closer to what you have in mind.” Be open, demonstrate understanding of their needs, ask questions, and let the prospect talk…you may be able to compromise and still accept the job.

7. Cast a safety net. Make it easy for prospects to say yes by offering a guarantee. “(Make sure you stand behind it.) I know copywriters have a ‘thing’ about how many revisions to offer. I never talk about revisions. I simply end every contract like this: “Our guarantee is simple: If for any reason you are not satisfied with our work, we will revise it until you are.” I’ve never had a customer take advantage of me.

For help with converting prospects, or other business-building issues, consider 30/30 Coaching.

20 Responses to “How I Grow Customers from Prospects”

  • I find it interesting that these are also the components of good persuasive copy.

    Brian Massey
    http://ConversionScientist.com

  • These tips are just fantastic! Thank you for posting and best wishes.

    April (from Linkedin Speakers & Panelist Group)

  • Thank you for this timely article. I especially liked the part about “Taking sales and money out of the equation”.

    Have a great weekend.

  • Victoria:

    Sound tips. Re: #2 Being A Giver – I subscribe to freebies a topic I have addressed: http://bit.ly/aVK1Hx Once a prospect asked me, “What can you do for my business?” to which I responded, “I don’t know, but I tell you what, I will give you one free day of my time, let me work directly with one of your front line sales people calling on your typical accounts and then I will be in better position to answer your question vs. a typical consultant telling you that I am the greatest thing since sliced bread.” It worked and I generated three years of a solid revenue stream, dormant now, but a solid relationship. Where do you think they will go when they need help down the road?

  • Excellent tips Victoria. I have learned not to take on clients that my gut tells me are “trouble” from bitter experience. My business runs much more smoothly now!

    I am a giver and in my small town I believe that I am becoming the trusted source for online marketing advice.This is more valuable to my business than any form of marketing that I can think of and well worth all the conversations over coffee I have had, in my own time, with local business people. Some of these people become clients, some long term and my phone rings every week with referrals from all these people that I have given my time and is priceless to me.

    Love your blog! Well done.

    I now need to charge what I’m worth. Working on that now.

  • Victoria;
    Excellent points, especially those dealing with great customer service to ensure you get word of mouth referrals.

    I have commented before how we use Inbound Marketing Automation to attract visitors to our site, and then engage them with great content so that we can convert them into prospects (they give a name and email address to get at the “gated” content). And then nurture them via the automatic email drip campaigns. We still have to close the deal – which even though the leads have been cultivated into a hot prospect – still takes sales skills and thus your tips on how to do this are right on the money.
    Thanks!

  • Tapping into one’s own sense of integrity sums it all up, Victoria. Great post. I think the takeaway is that there is no “one-size-fits-all” solution.” It’s my own individual business, and as long as I operate out of a desire to provide value to clients, I’ll never be wanting for business.

  • Victoria, I always look forward to your information. It’s invaluable. I love #1 about small jobs from price-conscious clients holding you back. I’m listening to my gut more when these come along. Also, “shut up and listen” is great advice. I cold call potential clients quite a bit, as you know, and by listening and not trying to “sell myself”, business often comes.

  • Victoria,
    this is great and new info, at least for me. It’s very helpful. See myself reflected on some points such as 1 & 5.!
    thanks for sharing. Congrats.

  • Brenda,

    Thank you so much for the support. I am glad you found this post helpful.

  • Lee,

    Thank you for your support and sharing what works best for you.

  • Nicole,

    Thanks for your support and sharing your thoughts on the blog.

  • Eric,

    Thanks for your support. I am glad you liked the blog posting.

  • Sue,

    Thanks for your support. Here’s to your continued success!

  • Jim,

    Thanks for your support and thoughtful contributions to the blog discussion.

  • Clarence,

    Thank you for your support and well-wishes. I am glad you found the article helpful.

  • April,

    Thank you for your support.

  • Brian,

    Thank you, I am glad you found the article interesting.

  • John Curran:

    Vicoria,
    Thanks for sharing your 7 Solutions on Growing Customers from Potentials. I use these methods, but have never stopped to write them down as a process.

    Listening has always been an element of any sale or successful interaction in which I have been involved.

    Also, like you and Jim Matorin have noted, offerring “free” services on a selected basis, is often a great way to help a potential client understand your process and value.

    Recently I offerred one potential client a free analysis on which of 7 sites they should use for their replacement hospital, and I offerred another a free day of palnning involvment to see if there was a good fit. The first client signed an agreement with me for a $25 M to replace their Hospital and the second signed up for a $6 M expansion and renovation for their facility.

    The issue wasn’t so much about free services, but rather it was a NONTHREATENING WAY to see the advantages that our firm uses to help meet their needs.

    John Curran

  • Sounds like you’ve discovered the secret, John! Good for you in simply going for it!

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