answersLogoWhite

0

Prospecting is figuring out who in your vast world of potential customers YOU really want to do business with that also REALLY needs your solution to his problem. In most cases there are many more names in the marketplace than there are real prospects. So screening out the ones who don't really fit your "sweet spot", and who don't really have a reason for switching vendors (or suppliers or service companies or consultants) is an expensive proposition. While "Selling" is the art of convincing someone to make a purchase, "Prospecting" is really the science of setting aside or DISqualifying suspects who don't fit the right profile so your sales process can focus on the most profitable candidates.

User Avatar

Wiki User

17y ago

What else can I help you with?

Continue Learning about Finance

Differentiate selling from salesmanship?

Selling is doing, salesmanship is being.


What is difference between personal selling and salesmanship?

Salesmanship is a seller initiated effort that provides prospective buyers with information and motivates them to make favorable decisions concerning the seller's product or services. Personal selling is a two-way communication involving individual and social behavior. It aims at bringing the right product to the right customer. It is used for creating product awareness, stimulating interest, developing brand performance, negotiating price, etc.


How do you tell if gold is fake?

With jewelry, look for the markings- and understand that 14K Gold and 14K HGE is not the same thing. For unmarked jewelry, a jeweler may use the "acid test", where an item is brushed against a dark surface (leaving a minute streak of gold- and different strength acids used to dissolve the gold. There are also electronic test instruments. When prospecting, gold is EXTREMELY heavy- it is soft and not brittle, and nothing that glitters is gold.


Is Inbound Marketing Just For B2B Businesses?

No, inbound marketing is very effective for Business to business companies too! Should you operate a B2B business, you've got a fabulous opportunity to capture leads for the business through improving your website’s organic visibility. The information you develop is going to be specific in the clients using your products or services, and can help educate your consumer before they ever confer with your sales force. Actually, inbound marketing for B2B can really help you save money in prospecting and purchasers staff.


How much money do Investment Executives get paid at Trilogy Financial Services?

It's commission only (40% of the sales charge on the mutual funds or the comission of the insurance products you sell), or a very small base-salary ($1500 a while back) plus small commission (15% instead of 40%). But the small base plan only lasts for about 6 months, and then it goes to commission only plan. After you hit certain production, you get promoted, the commission goes up to 46%. Again, my numbers are from a couple of years back. Bottom line, it all depends on how well you're doing. A lot of new reps don't make it far. The ones that make it can have really good income potential. Expect to not get paid for at least 4 months though, since it not only takes time to study, pass license exams, and training, the first prospecting is always the hardest and it takes a while for the commission to hit.

Related Questions

Differentiate selling from salesmanship?

Selling is doing, salesmanship is being.


How is uranium found and mine?

Uranium is found by several methods: - radiometry (gamma spectrometry) - geological/mineralogical prospecting - geochemical prospecting - hydrochemical prospecting - geobotanical prospecting


What is meant by the term salesmanship?

The term salesmanship refers to the art and practice of the art of sales and of selling things. Salesmanship is very important or one would not be able to sell things very well.


What are the release dates for Salesmanship Ahoy - 1935?

Salesmanship Ahoy - 1935 was released on: USA: 19 July 1935


What has the author Walter Julius Horvath written?

Walter Julius Horvath has written: 'Salesmanship' -- subject(s): Salesmen and salesmanship


What has the author Oliver Preston Robinson written?

Oliver Preston Robinson has written: 'Store salesmanship' 'Successful retail salesmanship'


What is Prospecting in sales?

Prospecting involves identifying and qualifying potential customers


When was Hancock Prospecting created?

Hancock Prospecting was created on 1955-11-25.


What are the release dates for Prospecting - 1952?

Prospecting - 1952 was released on: USA: 1952


What has the author Richard McCann Baker written?

Richard McCann Baker has written: 'Salesmanship: communication, persuasion, perception' -- subject(s): Salesmen and salesmanship


What is salesmanship and how does it differ with selling?

Salesmanship is the skills and techniques used to persuade customers to make a purchase. Selling, on the other hand, involves the exchange of goods or services for money. Salesmanship is about the art of communication and building relationships to make a sale, while selling is the transaction itself.


What has the author Kenneth Brooks Haas written?

Kenneth Brooks Haas has written: 'How to develop successful salesmen' 'Creative salesmanship' -- subject(s): Salesmen and salesmanship