Is it important to research prospects before selling to them?

82% of top performers say they “always” perform research before reaching out to prospects, and report higher usage of sales technology across the board.

Source
The State of Sales

Year
2022

Researching prospects is very important, especially when it comes to sales. By doing research, you can learn more about the needs of your prospect and how they like to be contacted. Knowing what their business needs and wants can help you identify how to craft a customized proposal tailored to them, increasing your chances of winning the sale. Additionally, research helps you and your team keep on top of competitive trends so that you can adjust your strategy and stay ahead of the competition. Research also gives you access to up-to-date contact information so that you avoid wasting time and energy trying to reach out to someone who no longer works at the company.

All of these factors can help increase remote sales statistics and create a more successful sales process.

Technology has become an essential tool in the process of prospect research. With technology tools, it is easier to find information on potential customers and partners. For example, using search engines you can research a company or person, their background and what type of relationships they have. You can also use social media platforms such as LinkedIn to learn about people and companies. Technology is constantly evolving which helps with prospect research by making the process faster and more efficient.

More 2022 Stats

72 percent of business leaders said that sales tool integrations are essential to retaining business and beating the competition.

64% of sales professionals who cross-sell say email follow-up is the most effective cross-selling strategy.

Sales enablement initiatives increased sales for 76% of companies by 6%-20%

55% of B2B buyers search for information on social media.

Top Performers Have 63% Less Focus on Product Features

40% of sales reps still use tools like Outlook or Excel to store customer and lead data

60% of customers say no four times before saying yes.

57% of C-level buyers prefer to be contacted via phone.

77% of respondents said that their company provides at least a quarter of their leads

The best time to make sales calls is within 1 hour of receiving their initial inquiry

More Stats

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