|
JUST PRESS PLAY - The Four Qs The four Q's represent:
1. Quantity of our leads
2. Quality of our leads
3. Quantity of our efforts
4. Quality of our efforts
When one of the Q's goes up, the other goes down. For instance, when we get more leads, the quality of those leads goes down. And of course the inverse is true. This is because the more leads that come in, we go farther from our sphere of influence, which is direct referrals from our current or past clients. This has a direct influence on our sales closing ratio. So as the quantity of leads goes up, the quality of the leads goes down, as does our sales closing ratio.
The third Q stands for the quantity of the contacts (efforts) we're making. Based on various university studies, the average number of contacts it takes for us to make a sale is 6-10. Those same studies also show that the average sales person is only connecting 1-2 times with a potential client.
Employees get paid whether or not a prospect is converted into a client. But as business owners, we know that we can do 99% of the work, but if that 1% isn't done, the sale won't be made and all of our hard work has been a waste of time. So it's vital that we 'touch' these potential clients 10 times.
The fourth Q, quality of our contacts, translates to making sure that we're making our contacts relevant. Do we know what the potential client needs? Are we presenting our offer in a coherent and attractive fashion? Have we done the research necessary to make sure that we're approaching the right people, with the right product or service, with the right price, and in the right way?
So to achieve what we want, which is our 'WOW' income goal, we need to so with the right actions, in the right way, over the right period of time.
Sending out links to your YouTube video is one way to 'touch' potential clients with a professional representation of your company. Let us know if we can help you produce a viral, promotional, demonstration or any other video for your company.
|