Building qualified pipeline is THE most important element for any sales team. It’s the lifeblood of your future. And yet, so many abandon it for almost any other distraction: sharpening pencils, filling out CRM, joining pointless meetings. The creativity in avoiding pipeline building activities remains a wonder of the modern era!
There are many ways to build pipeline. Referrals, automation engagement, buying lists, cold calling, social engagement. The options are endless.
‘Pipeline solves all sales problems!’
Tim Koubek, COO, Skyword
Because of the endless choices, we wondered what REALLY is the best method? So Ken Lundin and I decided to create the ultimate prospecting challenge to test these methods and see what works best.
Join us for our 6-month, bare-knuckle brawl as we employ two very different styles to build an abundant qualified pipeline. Along the way, we’ll be posting monthly updates so YOU can learn and benefit from this process.
I’m using old school traditional techniques to leverage my networks. Things like referrals, handwritten notes, and personal calls.
Ken is using new school modern methods of engagement. Things like software automation, funnels, inside sales engagement, and social media.
Make sure you check out additional content with more details about this challenge, the methods we’re using, and our predictions on who will win. Watch this Monday Morning Pearls video and listen to this Uncommon Sales Success podcast episode to learn more.
Here’s what I know:
We’ll BOTH create more pipeline.
Bookmark this page, check in monthly and pick up our proven tools and techniques, plus see our stumbles! Make sure you join our email list to receive our white paper at the end of the challenge! We will be sharing our complete learnings and guidance to help YOU build better pipeline.
Until then…. #BeBrave!
Updates from Randy and Ken:
Randy’s 1st Update |
✅ Built an email template to request brokered referrals, targeted a list of 62 contacts, sent 30 emails. Developing a follow-up sequence for this first set of 30. ✅Creating an engagement process with headhunters to target our Ideal Client. 🛑Had vacation late in the month so progress slowed down, only had blocks of 15 minutes and found it hard to get in ‘flow’. 💲Sold 2 add-on services for existing clients! |
Ken’s 1st Update |
✅Setup Growbots lead automation software. Loaded 550 prospects into an 8 step email sequence. 1st email sent on June 5th. Next 4 emails sent on days 1-30. Final 3 emails sent on days 61-80. This allows us to test the timing – maybe now isn’t good, but 2 months from now is better. Stats for the first 30 days: 67% (365 of the 550) of prospects have opened at least 1 email. 7.1% (39) have clicked through the email to our landing page or case study. 3% have replied, in some cases that’s a “no thanks”. 1 lead has been entered as an opportunity. 💲One deal has been closed! ✅ Learnings: Something is better than nothing. Having an outgoing process to build pipeline is better than no process at all. 🛑Although we were able to close 1 deal, the overall warm engagement rate is low at .8%. We are targeting 3-6% as a warm reply rate. In the next phase I will do follow up messaging to improve the warm reply and engagement rate. I will also initiate a new cadence based on best practices. |
1st Round Winner | New school and Ken! Although Randy booked add-on services, Ken closed 1 new client with a higher value contract! Stay tuned for more updates as the challenge continues! |