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Qualifying Leads

 

Once you get the pitch (or obtained a lead), your next step is to move that lead to first base.

Your goal at this step is to "qualify" your leads to determine if they have an interest in a home-based business and the capacity to run a business (or if looking for customers, are they interested in saving money).

The best way to do this is to ask questions.

Properly implemented, the qualifying process will weed out the "tire-kickers" who are not truly interested in hearing about your business and leave you with people who want to get more information about starting a home-based business. Remember, the 80/20 Rule applies - you do NOT want to be spending most of your time talking to leads who are NOT qualified for your business so it's important you have an effective system for qualifying your leads as quickly and effortlessly as possible.

 

Amateurs Sell -- Professionals Sort
Please understand that collecting many, many no's is all part of the journey on the path to success. That journey is a process all successful people must go through at some point in their networking career. Networking truly is a numbers game. You must get many no's in order to collect a few yes's. You're on the path to personal and financial freedom and it's your responsibility to share your products and opportunity with as many people as possible. A yes or no answer is not a good or bad decision and it's never about you.

Did you know that for every lead you do NOT call can potentially cost you $10,000?

MANAGE YOUR EXPECTATIONS: Not every one of your leads will be a qualified "prospect." In fact, only about 20% of your leads will even qualify as someone who is interested in our business - or become a prospect. Our goal should be to as efficiently as possible to sift-and-sort our leads to identify that 20% who will move to the next base. (Of the 20% of those who do move to the next base, only 20% of those will likely seriously consider the opportunity and only 20% of those will become a customer or join you in your business.) If you do the math, you'll notice that you have to work through allot of leads to find a business partner. Those who learn this lesson will become wealthy.

Active vs. Passive Prospecting

The approach YOU use will depend on several factors including your skill level, how fast you want to build your business, the amount of time you have available to work your business, your marketing budget, and your technological expertise. I don't believe there is ONE way that works for everyone... each person must determine what works best for them.

 

Active Approach
Certainly, the fastest way to qualify your leads is to take an active approach by using the telephone. This approach will obviously require you to spend more time using the telephone and you will experience more rejection. Most of the leads you contact using this approach have signed up for information at one time because they were curious, but not necessarily ready to take the plunge.

This approach will grow your business the fastest.

  • Call your leads as soon as possible upon receiving their information
    Regardless of the source of your leads, you'll want to contact your lead by telephone to introduce yourself and qualify them to see if they are willing to take the next step. That step might be to visit your website, order a free report, attend a life opportunity web conference, or watch the Financial Freedom Seminar. You are NOT waiting for them to take an action before you call them as in the passive approach. The sooner you call your lead - the better.

 

A note about using scripts
Don't fall into the trap of believing there is a "magic" script. A script is only a roadmap - it gives you the organization and some phrases to use as you talk with your prospects. It is only the starting point of your presentation. Fully expect to modify it for your personality and certainly expect to expand it as you gain more experience.

It’s never what you say - but "how you say" what you say that is important.

Did you get that?

More important than the script you use is your posture!

NextRead How to Become Effective at Prospecting by Todd Falcone
Todd also makes a good point that when making calls, he has a very specific agenda, an objective for each call. He doesn't need to use a script because he has a plan to attract quality like-minded people to his business and he knows WHY and WHAT he will be doing. When you know WHY and WHAT you will be doing, you'll begin to experience more success.

Prepare your phone scripts for prospecting and practice with friends or family. Read the scripts aloud as fast as you can over and over again until you begin to "own" the words and they flow naturally. Adjust any word or phrase to make it more personalized for you. You don't want to sound like you're "reading" a script.

Another good training aid to become proficient with your script is to make a tape of yourself doing it. Then, listen to it over and over again to get it in your subconscience.

MANAGE YOUR EXPECTATIONS: When using any new script, it will take some time before you feel comfortable with it. I've found it takes probably about 100 calls with the script before it begins flowing naturally for you. With the next 400-500 calls you will refine and perfect your delivery, and by the time you reach 1,000 calls you'll be very proficient with it.

Here are five things you want to find out about your leads before you can consider them a prospect. Always have these things in mind as you are interviewing your lead.
     1 - What do they need?
     2 - What do they want?
     3 - What they can do?
     4 - What they're willing to do?
     5 - What they have the potential to do?

 

The Art of Enrolling by Teresa Romain


Awesome training where Teresa spoke about Enrolling being made up of a set of skills: Listening... Marketing... Selling... Coaching.... It's "enlisting" and "engaging" people in their own process of taking action towards their goals... their vision. She explained that Enrolling is supporting and empowering people to see the possibilities. It requires de-railing people's automatic thinking, so they can act on getting what they want and need.... How most of us do to much "telling"... That we need to ask questions and listen to find out what THEY want.... How Enrolling is creating an opening by helping people through their "blocks" to having what they want.... That Enrolling is helping people see they have more reasons to change than not to change....

Some general tips regarding what you say to a prospect on the phone:

  • Your initial phone call should be kept very short - less than 5 minutes. Don't say too much on your first call where you are simply inviting them to get more information. Instead, sell the next call... a chance to see the rest. Leave your prospect with a reason to talk to you AFTER they've visited your website.
  • Control the conversation: You do that by asking questions, not answering them. You do NOT want to be the one doing most of the talking... you want to ask questions and let your lead do the talking.
  • Don't bring up the income question. If you bring it up, your prospect is more likely to ask about it. When you say something like, "you can earn lots of money" or "you can make a good income", your prospect will likely respond by asking you to qualify that statement or provide some examples.
  • Don't respond by saying, "great". It's better to simply say, "okay" or "fine".
  • Don't say, "what I'd like to do is...", but rather say, "may I make a suggestion?" Your prospect really doesn't care what you'd like to do... they're more interested in what they would like to do.
  • Avoid listing features of our product. Rather talk about "benefits" or advantages.
  • The purpose of the initial call is to qualify your lead, not sign them up. Attempting to make a sale before some level of comfort and trust is established usually won't work.

TIP: One key to a successful initial prospecting call is YOUR posture. Remember, It’s never what you say - but "how you say" what you say that is important. This is YOUR call not theirs and you want to always be in control of the call. Remember... the person asking the questions is the person in charge. You should be interviewing them to see if they are qualified to join you, not the other way around. You have already made the right decision and are already on the path to success. When you transfer that "feeling" to your prospects, they will WANT to follow you.

Once you have mastered the simple invitational script you will want to begin refining your prospecting calls even further to become a Master Prospector.


Click above to listen to Audio by Jeffrey Combs: Secrets of a Master Prospector

  • How do you get past fear?
  • Your attitude about prospecting will determine your results
  • Learn how to manage yourself in time
  • Learn how to connect with prospects within 30 seconds
  • Develop the Art of Listening
  • Learn how to say less to more people
  • Be a professional sorter, not an amatuer salesperson
  • Learn how to qualify the right people
  • What's the difference between "how" questions and "why" questions

Learn the 30 Second Rule of Connection


Listen to this audio training by Doug Firebaugh called:
How To Make Friends With Prospects Over The Phone In 30 Seconds Flat!
To learn more from Doug Firebaugh, I highly recommond visiting PassionFire International

  • The Rule of Geography
  • An Exit Strategy
  • Focus on Value in their Life
  • MANF Rule
  • Recruiting Through
  • Golden Rule of the Cold Market
  • The Rule of Reality
  • T.I.N.A.
  • What do you say to people?

Once you have qualified your lead and believe they are a good prospect for your business, you will want to move them to the next step.


Passive Approach
The key to success with a passive approach is LOTS of leads and lots of patience. Basically, what you do is load your automated prospecting system(s) with as many leads as you can afford and then wait for them to sign up.

IMPORTANT: This approach will only work once you have tens-of-thousands of leads in your pipeline and the results will most certainly be delayed for several months.

The benefit to this approach is that it can be almost totally automated and you will likely experience "rejection-free" prospecting. The drawback to this approach is that it will take longer for your organization to grow and can be quite costly to generate a sufficient number of leads.


Combination Approach
Combining both an semi-active and passive approach is my preference and the approach I've used to enroll an average of 3 new reps a month. I prefer to let the automation do the initial sort passively - then initiate a more active approach when a lead has self-qualified themselves to be more than just a curious onlooker.

When using a combination semi-active/passive approach, you will still need lots of leads in your system - your goal is expose as many "leads" as possible (500 to 1,000 or more leads a month) with your marketing message and then wait for them to either visit your website, call you on the phone or respond to your email message in some way. When they DO respond, you will want to call them right away. When contacting people initially, you have only one goal: to qualify the lead to determine if they have an interest in starting a home business (are they a good match for FFSI, do they have the time and money to not only work their business but also to market), and if so... to get them to review more information. That's it! You're not selling them on the product or the business.

Allowing Automation to Qualify Leads
If your automated prospecting system is set up properly, it can sift-and-sort your leads allowing qualified prospects to move themselves forward in your prospecting pipeline to the presentation. I'm looking for triggers or "hand raising" activity from my leads indicating they are WANTING more information and will take the initiative necessary to learn more. Generally I will wait to call them until after they have taken an action.

Remember, you're looking for action triggers or "hand raising" activity from your leads indicating they are WANTING more information and will take the initiative necessary to learn more. Once a lead has responded to your automated systems in some way, your next goal is to contact them by telephone to simply establish rapport and determine if your lead has the interest to move to the next step. You are NOT selling or convincing them.

See the discussion above under the Active Approach heading for more about making your phone calls.

 

If you're using leads through our team (or any source), you might be interested in the training resources provided by Cutting Edge Media. What you'll find here is: - Sample Scripts - Handling Objections - Audio Training - and much more.


 

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