Financing professionals can now easily identify new business opportunities that have been financed by competitive lenders. The new database also gives equipment leasing companies the opportunity to serve businesses that might have previously been serviced by lenders that are no longer in business. See our quick YouTube video to learn more.
Commercial financing companies and lenders have now been categorized with the latest business to business prospect database. All captive equipment leasing companies have been categorized by the particular equipment that they sell & lease. These categories include:
Agricultural Equipment sales leads, Aircraft Equipment Sales Leads, Automotive tools & equipment sales leads, Boat Dealer sales leads, Computer equipment sales leads, Construction equipment sales leads, Copier sales leads, Finance & Equipment Leasing Sales Leads, Fitness Equipment Sales Leads, Food Processing Equipment sales Leads, Golf Cars & Equipment Sales Leads, Landscaping Equipment Sales Leads, Laundry Equipment Sales Leads, Lift Truck Sales Leads, Logging Equipment Sales Leads, Machine Tool Sales Leads, Manufacturing equipment sales leads, Medical equipment sales leads, Phone System Sales Leads, Printing Equipment Sales Leads, Trucking equipment sales leads, Vehicle Sales Leads, Welding Equipment Sales Leads
Most commercial financing institutions, including major banks and community banks have been categorized and ranked with our latest BtoB database. Financing categories include:
General Equipment Leasing, Business Loans, Agriculture Loans, Debt Collection, Entertainment Finance, Factoring & Merchant Cash Advance, Hospitality Leasing, Investment Banking, Money Transfer, Real Estate Backed Loans, Structured Settlements, Wireless Land Leases
Getting in with your dream client can sometimes be the most difficult part of any deal. To get in, you may lower the commitment level so that you are asking for a commitment that is easier to obtain; you make it easier for your dream client to say “yes.”
The Big Value of Small Commitments
You want your dream client’s business. They know that you want their business. But if you were to say, “Hi, I’d like to spend time exploring the most challenging parts of your business with you, help you to create a vision as to how those things might be made better, then spend the next ninety days working with you and your team on a massive transformational change effort and become your trusted partner for life,” it might be a little more than your dream client can agree to, sight unseen.
So, you lower the commitment level. You say, “I’d like to spend 20 minutes with you to understand your business and to explore any future opportunity to help make some improvements.” Twenty minutes is something that is easier to commit to.
Lowering the commitment level is very useful when trust has not been established. It allows your dream client to agree to low level commitments that have little or no risk attached to them—other than you not making that time valuable for them.
Big Deals Require Big Commitments
Later, as the deal progresses, you need to ask for higher-level commitments. Lowering the commitments can and will unravel the deal you are putting together. If you are working in front of the deal, then you need access to the buying team members so that you can understand their needs and ensure that what you present reflects their needs and their vision of the right answer. You need access and information from all kinds of people in a complex sale, so that what you sell not only wins, but so that you can ensure that it succeeds for your client.
As the deal progresses, you have to ask for greater and greater commitments, never lowering the commitment level so low that you cannot obtain what you need to win and what you need to later succeed. The resistance isn’t usually a lack of trust; the resistance is usually the lack of time and resources. To obtain greater commitments, you are going to have a history of being a value-creator, and you are going to have to be able to explain the return you intend to generate on their investment of their time and effort.
You have to be prepared to say, “I know that other salespeople haven’t asked for this access to the members of the buying team in the past, but meeting with your buying team members allows us the opportunity to listen to them describe what they specifically need from any solution we propose, and we get a chance to talk through any issues that might prevent what we propose from succeeding. Ultimately, it allows us to work with your team to make sure what we do produces the outcome that you need, as fast as possible, with fewer missteps, and a lot less disruption. I promise I’ll make it worth their while.”
At the very end of our sales process, we have to ask for the big commitment: trusting us with their business. Along the way, you will have moved from commitment to commitment, increasing the level of commitment the whole way.
Not asking for the commitments that you need extends your sales cycle, decreases the likelihood of winning the business, decreases the likelihood of your solution matching their needs, and making obtaining the commitments you need for a real transformation later next to impossible.
It can be very useful to lower the commitment level early in the sales process, especially to get in. But you cannot get trapped in too small commitments later, when they will unravel your deal and cause you to fail for your dream client.
- What commitments do you ask for that you make easier to obtain by lowering the commitment level?
- At what stages of your sales process do you find it useful to lower the commitment level and make it easier for your client to agree?
- When do you need to ask for greater commitments in order to get what you need to win the deal and to succeed for your dream client should you win?
- What causes you to reduce the level of commitments that you are asking for as a deal progresses? What are willing to go without that, had you obtained the commitment you really needed, you would have better positioned to win and to succeed?
- How can you obtain the greater commitments that you need to win and to succeed? How can you make sure that your dream client knows how agreeing to those commitments benefits them in the long run? What language do you need to use to most effectively ask for and obtain the high level commitments that you need?
Most sales people give up at the end of the year, only focusing on the prospects that are already in their funnel. This is a huge mistake, and savvy sellers know this. The smartest sales people will target large prospects (sometimes ones they have never even approached before).
They target prospects that have leases on equipment that are 50-57 months old, because these business prospects have the highest probability of entering into a new equipment lease in the next two weeks. As great sales people know, timing is everything, and there really is no better time than now to approach large accounts that will upgrade their equipment to take advantage of section 179 (show them the free calculator). Even with a complicated sale that would typically take months, great sales people can land large accounts in days, at least with proven prospects that will buy now to save thousands.
Since the economy turned, many equipment leasing companies have changed marketing strategies. But most companies are still trying to figure out what’s best. If you are one of these equipment leasing companies, there may be great opportunities in niche targeting. Read Full Article
-”At age 16, Michael Dell followed the KISS (Keep It Simple, Stupid) Principle to identify those most likely to purchase a subscription to The Houston Post (newlyweds and those who were moving into a new home), he enlisted the assistance of schoolmates to obtain the names and addresses of prime prospects from public sources, and then mailed a customized letter to them. Thousands of subscriptions were sold that year. He earned $18,000.
Who buys what I sell? Why? What is the best way to identify them? What is the best way to contact them? (Certainly not door-to-door) How can they help me to reach others who are also prospects? Obviously, $18-thousand is substantially less than $18-billion but what is most important is the fact that essentially the same strategies achieved both totals.” read more here