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Chasing Leads vs. Developing Pipelines

By Cathy Hutchison, CPSM, LEED AP posted 10-18-2013 11:39

  


Those on commission track leads. It makes sense. If you are paid based on the amount of work you bring in, then it is crucial that someone knows you brought it. In a door-to-door salesman world, this works. You knock on the door. You make the sale. You mark it on your sheet. You get the commission.

 

However, I'm curious if that model isn't inaccurately applied to our business.  Major account sales are rarely a one-person endeavor.  It includes the many relationships of the team, the brand, the portfolio, the initial contacts, the interviews, the negotiation of the contracts...  There are multiple decision points (and decision makers) for every project.

 

Winning work is resource-intensive.

 

Many design firms chase and track leads.  But I'm curious if that system of measurement creates a fragmented approach to the way we see work?  Attention and effort is poured into a single, win and then we are hunting for the next one.  What if a more effective model is in building pipelines? Developing relationships that produce more than a single project?

 

While it may seem like semantics, focusing on the people rather than focusing on the projects creates a better investment of resources. After all, projects don't make decisions.  People do. 

 

Not only that, but what is measured influences how we spend our time. If business development professionals are measured based on lead generation, then that is where the effort is poured. (With a great deal of protectiveness of who "owns" which leads.)  But if 80% of our work is coming from existing relationships, then shouldn't the biggest part of our resources (both monetary and human) be aligned with that?

 

I've been lucky to spend my career in a structure that is focused on the relationships. Getting to know people well enough to understand what they need and genuinely trying to make them successful, requires an outward focus rather than an inward one.  It is also much, much more difficult to measure on a spreadsheet.

 

© Cathy Hutchison 2013

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