Modern-Day Sales and Marketing Blog

Five things to do after losing a sale.

By Chris Peterson| May 23, 2017 11:43:51 AM | 0 Comments

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We’ve all been there.  In fact, the more successful you are, the more often you’ve been there.  It comes down to you and a few others, or maybe just one other.  They choose someone else.  It’s like a jab in your ribs, jaw, and nose at the same time.  Not only did you lose a nice commission payment, but you also lost credit toward your annual goal, confidence in your capabilities, a potential relationship with the account, hours and hours of work, and market share for your company.  It sucks.  It really sucks.  However, there is a path to take that will differentiate you from other sales people.

Between your loss and this account’s next project, your objective is to build a persona of excellence, and make them believe that they chose a far inferior company to yours.  Sure, you lost this opportunity, but you’re in a much better spot to win future work than anyone else.  The company that beat you is under all the pressure – they have to perform.  The other companies in your marketplace that haven’t gotten their foot in the door are looking in from the outside.  In the meantime, there you are … you’ve got the relationship started and can build upon it while your competitor that won the job has to perform every single day. 

So, what do you do? 

Click Here to Download   5 Things to do   After Losing a Sale

 

Topics: Closing the Sale

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