Many sales professionals fail to realize is the importance of being prepared. Too often sales people show up and “wing” the entire meeting. Some of the biggest things missed because of this approach are arriving with an agenda and with business cards, confirming the meeting beforehand, or researching about the person whom you are going to meet. Although these things seem simple they are essential to make a good impression.
Typically, sales professionals spend about 19% of their time in sales meetings. That is about one full day a week. In general, deals are not closed in the first meeting. According to the research from Marketing Wizdom, only 1 in 50 deals are closed within the first meeting. The small details are important not only for consideration to close the deal but to get to the second meeting.
Here are 3 ways to improve your sales meeting prep to get closer to sealing the deal:
Spend time getting to know their company, what they do, what they are trying to accomplish, who they work with, and the advantage they would receive from working with you. Understand their market to avoid being caught off guard. Not only should you research the company, but the people involved in the meeting. Starting off meetings with things you have in common can be a great ice-breaker. At the end of the day, we are all human and making a connection is more memorable than facts. A good way to start your research is by finding them on social media. LinkedIn might be your best bet in keeping the conversation professional.
2. PREPARE AGENDA
No matter how simple the conversation may be, always prepare an agenda! Simple outlines with talking points will set you aside from your competitors. Bring a hard copy for yourself and all others at the meeting. Being able to look down at your talking points will assist with guiding the conversation and staying on track.
3. REVIEW PITCH
Although you may have this perfected by now, take some time to review your sales pitch. Ask colleagues and friends to provide feedback. Remove parts that are not relevant or that don’t make sense. It is common for pitches to become “cliché” with buzzwords that are unnecessarily added. Comments like “forward thinking”, “synergy”, and “dynamic” all sound great but what value does it add to your pitch other than a buzzword.