One of my network groups is HAPPEN in Mississauga, Halton and Peel Professional Executive Network. There are many wonderful professionals “in transition” in HAPPEN. They are a great group that offers help while they are looking themselves and also after they land. One member, in particular, who helped me through his public relations efforts, is Hugh Black from HMB Communications Group. Contact hughblack at cogeco.ca.

Within HAPPEN, conversations are around finding full time employment and within my business networking groups, the conversations are around finding new business development opportunities. Over the past months, I have noticed a difference emerging between the two groups. On one hand full time traditional employment seems to be going the way of the dinosaur and on the other hand, the members of the small business group are as busy or busier than before Christmas.

Yesterday, all the random pieces of networking came together. I had been networking with Hugh Black, putting forward my point of view that people were choosing self employment,  then the new Canadian statistics for unemployment in April 2009 showed that unemployment stayed the same and there was an increase in the self employed numbers.

As a result of Hugh Black’s efforts; I was interviewed as an example of someone who had successfully transferred their skills and started their own business,  Executive Sales Support. My business helps sales and business professionals get out of the office to see more clients and close deals. As a result of this interview, I was mentioned in an article on the front page of The Toronto Star’s Business section on Saturday May 9, 2009.

Yahoo, networking pays off for business development!

If you want to network with me I have a linked in profile. I look forward to helping you.

Here is the link to the article “Self-employment: The ‘do-it-yourself recovery’ Jobs increased last month, largely through people embracing self employment. The Toronto Star’s Business section on Saturday May 9, 2009.

Every business I have ever worked with wanted to generate more prospect leads for their sales pipeline. My clients tell me this all the time. The disconnect occurs when I investigate the process used to process new prospect leads gathered at trade shows, networking events etc.

As a Sales Support Specialist, many times I find marketing is generating so many prospect leads that sales is cherry picking and choosing to follow up only the hot leads. Hot is defined by sales as leads they believe will close within the near future and contribute to this month’s target. Sales does this because they have monthly and quarterly targets to hit. Does this practice sound like what is going on at your business?

The question I asked is “What happened to the remaining cold and warm prospect leads?” Usually I find they are stacked on a desk or lost in a folder somewhere. No one is following up and talking to them. You have to wonder about lost potential.

When sales prioritizes the hot leads they are harvesting only the low hanging fruit to reach short term goals for this month’s or next quarter’s sales target. Continuing this practice plays only your A team and does not develop your farm team. How much money are you leaving on the table for the competition who offers a similar product or service and is communicating with every prospect?

To develop hot prospects for tomorrow when today’s hot prospects are gone, you need to implement a follow up strategy today. That way, you can leverage the numbers, triple the prospects in your funnel and maximize the potential business development brings to your doorstep. A follow up strategy puts in place a system to not only organize, build and manage a prospect database but also communicate and educate to build future sales. Implementing a long term follow up strategy gets those cold and warm prospects, currently lost to follow up, into the sales funnel and a chance to bake from cold through warm to hot. Hot and ready for you to close that deal tomorrow.

The result? Minimization of the feast and famine cycle you may have been experiencing in your business. By adding cold and warm prospects to your sales funnel you triple your prospects. Following up with EVERY prospect allows you to mine incremental growth and revenue that can be added on top of your current business.

Here are 5 simple things you can do today to start building your follow up strategy and a system to leverage your time and information.

• Put every business card you currently have into a database.
• Start marketing and educating about what you offer and how your solution can help solve problems.
• Insert hyperlinks directing prospects back to your website where they can find more information.
• Commit to communicating on a regular basis and ask for feedback.
• Utilize drip marketing to communicate over time.

Once you get going you can optimize your time and money by expanding your system and utilizing automation and email marketing to reach even more prospect leads.

Let’s review how your prospects are processed with a sales funnel optimization consultation. Discover the hidden road blocks that are preventing you from cashing in on the opportunities already on your doorstep.

Contact me at Cheryl [at] Executive Sales Support.com.