Prospecting is a marketing function

Marketing Forum

 #31
Gary Boye

Quote:
Originally Posted by REBroker
That is one perspective.

Another perspective is that the economic value of any one salesperson can be measured by the volume of new business that individual brings to the company through means of their own.
Good point.

But the perspective of Bald Dog's which you refer to, and the other perspective you mention, are not mutually exclusive.

 #32
REBroker

Quote:
Originally Posted by Gary Boye
But the perspective of Bald Dog's which you refer to, and the other perspective you mention, are not mutually exclusive.
The perspective I attributed to Tom's post was "companies, in an effort to save money, hire an army of salespeople and send them out to roam the land." I view that as a scarcity mentality.

The perspective I introduced was "companies hire salespeople because of the economic value they bring to the company". I view that as an abundance mentality.


In my opinion scarcity and abundance mentalities are mutually exclusive.

 #33
SpeedRacer

Quote:
Originally Posted by REBroker
In my opinion scarcity and abundance mentalities are mutually exclusive.
Agreed.

The idea of hiring salespeople to "save money" doesn't make sense to me. The last time I checked recruiting, training and retaining employees was a bit spendy.

 #34
BossMan

Bald Dog, I'm interested in your perspective. What did you mean when you wrote that companies want to save money so they hire an army of salespeople... ?

 #35
Liberty

Quote:
Originally Posted by BossMan
Bald Dog, I'm interested in your perspective. What did you mean when you wrote that companies want to save money so they hire an army of salespeople... ?
I must have missed something too. What am I missing BD?

 #36
Milton

Tom, would you expand on your original comment about saving money and hiring salespeople?

__________________
"Each person's map of the world is as unique as their thumbprint. There are no two people alike... no two people who understand the same sentence the same way... so in dealing with people try not to fit them to your concept of what they should be." Milton Erickson
 #37
Agent Smith

Quote:
Originally Posted by REBroker
The perspective I attributed to Tom's post was "companies, in an effort to save money, hire an army of salespeople and send them out to roam the land." I view that as a scarcity mentality.

The perspective I introduced was "companies hire salespeople because of the economic value they bring to the company". I view that as an abundance mentality.


In my opinion scarcity and abundance mentalities are mutually exclusive.
Those are some good points REBroker.

 #38
Frankie

Do many companies (not including retail) provide salespeople with sales leads? Are there any industries where company provided sales leads is the norm?

__________________
It's always darkest before dawn. So if you're going to steal your neighbor's newspaper, that's the time to do it.
 #39
Gary Boye

Quote:
Originally Posted by Frankie
Do many companies (not including retail) provide salespeople with sales leads? Are there any industries where company provided sales leads is the norm?
They are not necessarily separated by industry, rather by marketing method. Direct response marketing is the method you are referring to. The company distributes leads gained from DRM advertising. The salespeople are often not expected to do any prospecting on their own except in cases where they might be asked to solicit referrals at point of sale. Mutual of Omaha used this method for years, but it is not as common among other Life and Health insurance companies.

Another venue by companies is third party marketing where leads are distributed having originated from alliances with other groups. For instance, a company could have an agreement with an association of teachers or health professionals. Members of the organizations would have certain benefits for doing business with the company. So leads are distributed from the roles of membership and contacts are made by the salespeople. In some cases, DRM is combined with that. The lead would originate from a request for information from the member.

These methods shift the focus of acountablity for the sales staff. Their performance is measured almost solely on their ability to convert the leads, which are quite costly, rather than to acquire them from their own activities.

 #40
Frankie

Thank you for answering that question Gary. Do you think it's more common for companies to provide leads or salespeople to generate their own?

Sales TrainingSales Training Forum / Marketing / Prospecting is a marketing function
SalesPractice.com Sales Training Community
© 2008 Blackwell & Associates, Inc. All rights reserved.

LinkBacks Enabled by vBSEO 3.0.0 RC6 © 2006, Crawlability, Inc.