These visuals have been designed to assist classroom instruction of Agri-Selling Purdue University Sales and Marketing Developed by: W. David Downey, Purdue University through a USDA Challenge Grant With special assistance from: Matt Kurtz, Purdue Graduate Research Assistant Matt Guffy, Purdue Technical Graphics Student For more information contact: The Center for Agricultural Business 1145 Krannert Building, Room 781 West Lafayette, IN 47907 Phone: (765) 494-4247 Fax:(765) 494-4333 Developed by Purdue University Beta run January 2000 Module 9 Ag Econ 331 Spring 1999 Developed by Purdue University The Role of Prospecting in Strategic Selling • Prospecting is the process – of identifying potential new accounts • A Prospect is “potential” customer -- one who . . . – You are not doing any business yet, – You are doing only limited business with • Identifying prospects – and converting them to customers • is one of a salesperson's – most important tasks Developed by Purdue University The Role of Prospecting in Strategic Selling • All prospects are not equal!! Developed by Purdue University The Role of Prospecting in Strategic Selling • There is always some natural loss of customers – but in today’s market the problem is worse • because of the concentration of business – and increasing competition • Constant and systematic prospecting – is necessary to offset these losses • A systematic and planned prospecting process – also helps you to make • the most efficient use of your time Developed by Purdue University