Does it really make sense for your sales team to be conducting their own
lead management program? There is something to be said for dividing your
sales operation. We've already talked about the difference between lead
generation and lead management. Now I want to discuss a bit about how lead
management differs from your sales effort.
As
we've seen, lead management demands a fairly long-term strategy. Sure,
some might result in immediate sales, but others might take a little
finessing over time. The first question I want you to consider is whether
it's fair to ask your sales force to undertake lead management. Most sales
people have varying levels of computer experience, little time for an
extra load of administrative work at the end of 55 hour week, and are not
paid to think long range (they make most of their money on sales they
write this week, month or quarter).
If your sales people are good at closing the deal with highly qualified
prospects who are ready to commit, then you might make better use of their
time by relieving them of lead management tasks. Moreover, if you are
paying them on a commission basis for the sales they make, you are cutting
into valuable income-earning time by asking them to keep up with
administrative tasks.
That said, most lead management programs fail because there are a lack of
procedures and the administrative support to make them work. Your sales
people's time is most productively spent selling. All of your managers are
busy managing your sales staff. And it can be more in depth and
time-consuming than your assistants or clerical staff can keep up with. It
might be time to take a look at outsourcing your lead management to an
organization with the resources to properly manage your leads.
Outsourcing lead management makes sense. Here is why; if your leads are
pushed to an outsourced lead management firm then you can have all of your
leads qualified before your sales team even touches them...that means your
team only sees the "A" leads. Your longer range leads are databased
properly and re-qualified at some later date not by your sales reps but by
your outsourced lead management team. Those leads are then pushed to your
reps if and when the lead matures in to an "A" status.
So, if your sales team seems to be under-performing AND are complaining
about having to handle administrative work that doesn't relate to
immediate sales, the simple solution to your problem just might be to let
someone on the outside handle the long-term lead management tasks for you.
The benefits of this are as follows; all your leads are qualified with the
same criteria, you can therefore determine if your lead sources (web,
direct mail, trade show etc.) are working for you. Your team is happier
because they are only working with the "A" leads...this increases key
selling time and thus your investment in lead management is going to
produce solid ROI. You hired your staff for their ability to sell;
outsourcing lead management functions can let them focus more on the task
you are paying them for, and increase their productivity. |