How to Actually Unclog Your Sales Pipeline
Joanne Black
Get Access to Buyers in a Tough Sales Climate | Partnering with Sales Leaders & Their Teams to Build a Referral System I Referrals: Your Fastest Revenue Driver | Unparalleled 70 Percent Conversion Rate
Turning down new business isn’t easy, but it just might be the best decision you’ll make for your sales team, especially if:
These are all valid reasons for turning down new business, and for each problem, I recommend a different solution:
Solution for #1
Solution for #2
Solution for #3
Don’t Waste Your Time on PITAs
One way to ensure you can respond quickly when prospects and clients need you is to stop taking on customers who aren’t worth your time.
You see the warning signs a mile away—prospects who push you on price, threaten to take their business to your competitors, make unreasonable demands, don’t return phone calls, and masquerade as decision-makers when they have no real buying authority. Yet, they expect fast, complete, and reliable delivery of your service.
These are the “pain in the ass” (PITA) prospects in your sales pipeline. And if you’re not careful, they could easily become PITA clients. This is exactly when you should be turning down new business.
(Image attribution: Anna Shvets)
PITA customers are never happy. They drain your energy, test your patience, and waste your time. They demoralize your entire sales team, your customer service counterparts, and any other teams that have to work with them. Yet, companies continue to accept this bad business, thinking it must be better than no business. It’s not!
Do you already have a PITA client, or perhaps more than one? It’s time to dump the junk and fill your sales pipeline with ideal clients—those who make life easy on your sales reps while boosting revenue and helping you get referrals to other ideal clients.
Every buyer isn't your customer. If someone continues to make unreasonable demands and keeps changing requests and deadlines—even after you've given that person exactly what they need—then you probably have a PITA client. Run the other way as fast as you can. I don't usually suggest sending business to your competition, but in this case, I just might…
Some Customers Aren’t Worth the Headache!
Why is your team making deals with PITAs? Because your sales reps have a quota, and they believe:
If you’re pushing your team to bring in as many new clients as possible, they won’t focus on bringing in the right clients. Hopefully, the PITAs will pay their bills. But you’ll?pay the hidden cost—the lost opportunity to use your resources generating leads to phenomenal clients you want and?need?to make money! Collect too many PITA customers and watch your profits dwindle … not a compelling scenario.
But wait, there’s more:
Bad business is bad business. Period. If prospects push you too hard, be willing to walk away. That really turns the tables.
But What If…
You absolutely must have this logo. Then here’s what you do:
(Featured image attribution: Yan Krukov)
(This post was originally published on Jun 2, 2016 and updated August 24, 2021.)
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Global Speaker on Disruption & Courage of Conviction | Inspiring Teams, Leaders and Associations to Drive Growth and Innovation | Leadership Coach | Author | Storyteller | Harvard MBA Coach | Justice Impacted Mentor
3 年I turned down a six-figure client back in January right on the death knock, because my intuition told me there was a misalignment of values. It was a decision that triggered a weekend away for my husband for me to 'think things through' and make sure I was making the right decision for the right reason especially considering my business had taken the same Covid hit most consultants took. It was a deal that would have given me the money, for sure, but at what cost. I have since found out I dodged a bullet. Intuition is a business tool!
LinkedIn Top Voice, Virtual Executive Presence Training & Assessments for Sales & Leadership | Presentation and Demo Skills | Award-Winning #Sales Author | Professional Screen Actor
3 年I wish I’d read this a month ago! LOL. Great practical tips Joanne Black. And you’re right, the signals are there in the beginning - ignore them at your own peril!
Founder | Strategist | Podcast Host I guide #CEOs to elevate sales to increase their valuation. Skier?? Sailor ??
3 年I couldn’t agree more. Not all business is good business. And some of these clients that we shouldn’t have taken on suck up valuable time and energy that we could be using for an amazing client.?