Define Your Ideal Prospect

Paper details:
n the Bugs Bunny cartoons the hunter Elmer Fudd was always “hunting wabbits.” He knew what his ideal prospect looked like, when he could be found, where to find him, and he had the tools to get him. Prospecting is hunting for prospects, but you would be surprised how many salespeople think anyone and everybody is a prospect. That is simply not so. For any given product or solution or service, the best marketers have defined their ideal prospect. It is up to salespersons to execute on that definition no matter what tool they use to find and reach them: phone calls, door knocks, emails, marketing materials, networking, referrals, introductions, social media, LinkedIn, etc.

Assignment

If you are presently in a sales role, you may use your own company and product/service/solution for this assignment. If you are not in a sales role, choose a company and product/service/solution that interests you. Refer to pages 261-265 of the textbook on “Creating a Buyer Persona.”

1. Write a sentence that defines your company and what your product does. (for example: I sell Mary Kay Cosmetics and we help people look their best)

2. Define your ideal prospect. This should include:
a. demographics (age, income level, title)
b. psycho-graphics (mindset of your prospect) such as “abundance mentality ” or “wants to buy quality over price”
c. geography where prospect must be (specific site location or width of territory to sell within)
d. times available and days/week to be reached
e. business size in sales volume you want to reach (small, mid-sized, large, multi-national)
f. type of transaction (Business-to-business B2B, Business-to-Consumer B2C)
g. dollar amount of transaction prospect must be willing and able to spend
h. business types (retail, manufacturing, professional offices, etc.) you will target
i. any other specific criterion that fits your ideal prospect.

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