The Sales Vault

The 18 Month Rule

Once upon a time, a sales rep walked into the lobby of Humongous Corporation, a Fortune 500 company headquartered nearby. The receptionist greeted her warmly and they chatted for a few minutes before the sales rep asked if the key decision-maker was available.

He was, and promised to come out immediately.

They shook hands and the sales rep said, “My name is Allison and I work for FarkaBerry Printing. We are a full-service company capable of handling all of your communication and marketing needs. It would be our great honor to be of service to you and Humongous Corporation.” The decision-maker listened intently and replied, “I like you. I like your approach. I like the name of your company. I think we would be a good fit. If you have time, I have several orders I would like to place immediately. Please come to my office. I will give you the PO’s and you can let me know the price later. In fact, if we could sign a long-term contract of exclusivity, I would really appreciate that.”

The end.

*********

Bill Farquharson is a sales coach and trainer. He can be reached at….

Hold on a second. There are one or two things wrong with that fairytale. Let’s back up and find the core issue that started a series of fictional events.

Before we cover the client offering up a voluntary long-term contract and the fact he had orders to place now; before the instant vendor approval and even his immediate availability (and never mind the fact the rep walked in through an unlocked door and was greeted by a human being) comes one of two truth will about landing a Big Fish account:

It takes 18 months, minimum.

No one walks in and gets an immediate audience.

No one walks in. Period.

The operative word is “persistency” (or “persistence,” if you prefer). Then:

 

  1. Start by targeting a few large accounts;
  2. Build a process of valuable touches;
  3. Engage;
  4. Keep engaging;
  5. Engage some more;
  6. Insert musical interlude signifying months of time passes, and then
  7. Get a response;
  8. More time passes;
  9. First appointment;

..Meanwhile, your newborn has grown up, graduated college, worked, and is now retired.

If you want your fairytale to end well, start with the right target and apply a LOT of diligence.

And patience.

 

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