The Importance of Follow Up

The Importance of Follow Up

sales-follow-up-statistics

What exactly is follow-up?

recycle-2-iconBy definition, follow up means:
A subsidiary action taken as the result of an event.

In other words, we need to take some actions after an event so that the event can move on to the next phase.

 

Why follow-up?

  • We invest a huge amount of time and resources to make sure we bring in prospective buyers, but once the they have contacted us, we usually do not have a plan to turn a lead into an actual sale.
  • It is important to realize that we get from these business prospects if we stay in touch with them. In fact, the prospects need to hear from you several times before they actually buy.
  • By following up, we can increase our sales up to 80%.

What does the research say?

A research conducted by National Sales Management Association of America says that if sales opportunities are followed up, sales can be increased by 80%.

This means that if you we not following the sales leads up, you are losing 80% of sales.

Most of us do follow up our sales leads, but why do we not get this figure of 80% achieved?

Emotes-face-sad-icon

The answer to this question is that are we following up enough number of times?

What the statistics say?

  • 2% of sales are made on the first contact
  • 3% of sales are made on the second contact
  • 5% of sales are made on the third contact
  • 10% of sales are made on the fourth contact
  • 80% of sales are made on the fifth to twelfth contact

More statistics…

  • 48% of sales people never follow up with a prospect
  • 25% of sales people make a second contact and stop
  • 12% of sales people make more than three contacts

Conclusion

Every sales lead starts with 80% probability, it is up to us how much and how professionally we follow it up to turn it into a sale.

aha-crm

Embed This Image On Your Site (copy code below):

Leave a Reply

Your email address will not be published. Required fields are marked *

* Please enter the Biggest Number