What’s in your sales funnel?

November 18, 2014 at 11:00 PM
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There is no bottom or middle of the sales funnel without the top. When it comes to making their numbers, most of the challenges sales organizations face involve weakness at the top of the funnel. It's not that they aren't good salespeople or that they lack good processes and methodologies. Most of the time, what is holding them back is not having enough opportunities to begin with.

The problems you experience in the middle of the funnel usually fall into one of two categories. The first class consists of non-opportunities. These are the deals that aren't really deals at all. Maybe you mistake receptivity for a compelling situation which might prompt your dream client to make a move. This problem is easily solved: Push these non-opportunities back to the leads category where they belong.

The second group consists of stalled opportunities. These opportunities are usually missing some of the commitments necessary to move them forward. This problem can also be solved (albeit not easily) by good coaching and some big conversations with your prospect. 

Top-of-the-funnel problems are the most pernicious. Without new opportunities entering your funnel, you simply don't have enough opportunities to make your number. This may make you feel you can't afford to move non-opportunities back into the leads category. But you can't afford to have a deal get stuck, because it might prompt you to desperately cave on price rather than lose the deal entirely.

Worry first—and most often—about the top of your sales funnel, and the bottom will take care of itself.

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S. Anthony Iannarino is the managing director of B2B Sales Coach & Consultancy, a boutique sales coaching and consulting company, and an adjunct faculty member at Capital University's School of Management and Leadership. For more information, go http://thesalesblog.com/s-anthony-iannarino/.

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