Referred leads close six times more successfully than non-referred leads.
It makes sense right!
Referred leads come with much greater trust and credibility, as the leads are introduced by someone who already had a positive experience with your business.
The deal becomes much easier to close with the significantly reduced barriers to conversion..
However, you need to find your influencers — your loyal advocates who will influence purchasing decisions. This is where Power Mapping comes into play.
So What Exactly is Power Mapping?
A Power Map is a critical key in building your professional relationship network. Power mapping helps you identify, navigate, and influence the key stakeholders who drive purchasing decisions.
Power Mapping is a visual representation of essential relationships and behaviour patterns related to a sales initiative or campaign.
It’s a crucial tool used to arm yourself with vital information about a prospect’s business.
Core Power Mapping Questions
- Who do you want to meet with?
- What do you want to know about them?
- To what extent can their behaviour influence the buying decision?
- Does your team know how to draw up their own bespoke Power Map?
- Do you have the right Power Mapping Coach guiding your team?
- Does your team know how to use their pipeline contacts to improve relationships?
- Where are your referrals coming from?
- And crucially: does your team know how to effectively build long-term customer relationships?
Power Mapping Basics:
6 Points of Power Mapping your Team Needs to Know
- Identify who you need to influence. Who is the key decision-maker?
- Find the REAL decision-makers. We’ve been there – talking for months to who you think is the decision-maker, but find out it’s someone else with the power to make decisions.
- Next, figure out who has influence over them. For example – senior leaders, colleagues, family, former co-workers. Then create a map showing the connections. (Figure 1)
- Their trusted inner circle has outsized influence. Discover and track who their influencers are. Who gets CC’d. Who is having conversations with who between and after meetings.
- Colour code all individuals based on their relationship with you. That is yellow for a close connection, blue for a loose connection, and red for none.
- Think of this as your relationship temperature check – it’s not just about who you know, but how well you know them. Getting this right helps you predict deal outcomes with remarkable accuracy.
- Highlight any “Power Points” — The power players who connect to many other influencers or have significant influence over the decision-maker.
- Every organisation has people who seem to know everyone and influence everything. Finding them can cut your sales cycle almost in half.
- Watch who gets consulted on big decisions
- Notice whose opinion others always seem to quote
- Track who’s leading the key projects
- Pay attention to who can get meetings scheduled quickly
- Chart out the Power Pegs on a grid, based on high-low levels of helpfulness and influence. (Figure 2)
- Map out where each contact sits on influence vs. support
- Keep updating as relationships evolve
- Plan your moves based on where people end up
- Target those who are most influential and likely to support you.
- Create action steps to engage at multiple levels and leverage their relationships to gain access and influence.
- Create personalized plans for these key players
- Share insights and provide value that actually matters to them
Create a Powerful Sales Engine
Connect influencers with the referred leads they bring, and you’ll create a powerful sales engine that:
- Drives growth
- Increases customer loyalty
- Expands your network
Click here to book your Team’s tailored Power Mapping KONA workshop
Gather the team and we will take care of the rest – learning and laughs included.
Call us at KONA on 1300 611 288 for a conversation, or email info@kona.com.au anytime.