5 Simple Steps to Help Break a Sales Slump

The Trackforce Team

Trackforce

April 14, 2016 · 8 min read

Security sales team reviewing proposals to break a sales slump

If you’re in a security sales slump, with bid after bid getting turned down, there are a few things you can do to change the game, break the cycle and close more deals.

Of course, there isn’t a magic wand here. Sales is hard work and you’ll have to earn everything you win. But you can use these five steps to take a hard look at your existing approach and calibrate it moving forward. Several of them get easier when your operation already produces proof of performance in TrackTik.

Key takeaways

  • Start with your own process.
    You can’t change the market or the competition, but you can change how you approach both.
  • Lead as the expert, not the lowest price.
    Ask why the client is changing vendors and tailor your proposal to those answers.
  • Qualify before you bid.
    Fewer, better-fit proposals win more often than a high volume of rushed ones.
  • Set expectations and ask for the last look.
    Acknowledging a competitive process builds trust, and the last look gives you a chance to respond before a decision is made.
  • Sell with proof.
    Sample tour reports, incident reports and client dashboards from TrackTik show prospects the service they will actually receive.

1. Really Look at Yourself

Don’t point the finger at the customer, the market or the competition, because you cannot change any of those things. What you can change is the way you approach the customer, the market and the competition.

Ask yourself: What can be done to drive the proposal and increase my chances of winning? Then write these things down, make a plan and execute. It’s easy to get discouraged when sales aren’t rolling in. Ultimately, you have to look in the mirror and decide that you’re going to improve. These tips on gaining the upper hand in the sales process are a good place to start.

Questions to Ask After a Lost Bid

  • Did we understand why the client was changing vendors?
  • Did our proposal lead with the client’s problem or with our company history?
  • Did we show evidence of performance, or only make promises?
  • Was price the real reason, or the only reason the client gave us?
  • Should we have bid on this opportunity at all?

2. Be the Expert

Start by making sure you’re not just submitting bids. You don’t want to waste your time on proposals that won’t be a good fit for your company.

When you find a security contract worth pursuing, start by asking the client about their reasons for reviewing the current vendor and when they’d like to have a new vendor in place. A property walk is one of the best settings for that conversation. Use those answers to tailor your proposal and become a trusted advisor. You can’t always be the lowest price (nor do you always want to be), so you’ve got to be better at delivering value and communicating it through a clear security value proposition.

3. Be Selective in the Bids

If there’s a qualifying process the customer has to go through to get to the proposal, it helps you judge how likely they are to follow through. This could be as simple as a lead form on your website. If they don’t want to fill out the entire questionnaire, you’ll know how serious they are about making a purchasing decision.

A Simple Bid Qualification Scorecard

CriteriaStrong fitConsider passing
Reason for changeA clear service problem you can solve“Just checking prices”
Decision makerYou can speak with them directlyProposal goes into a portal with no contact
TimelineA defined start dateNo timeline or repeated delays
ScopeMatches your services and coverage areaRequires services you don’t offer
EvaluationService quality is weighed alongside priceLowest bid wins, full stop

If an opportunity lands mostly in the right-hand column, your time is usually better spent on a stronger lead. For more on choosing the right opportunities, see our guide to winning the best security contracts.

4. Use Acknowledgments

Acknowledge that it’s a competitive environment. Let the prospect know they’re going to receive many bids (if they’re going out for bid), help them understand how the process works, and make it clear that it’s okay to say no to you or your competitors. By making it safe to say no, you earn the prospect’s trust, gain the upper hand and stand out as an expert in the industry.

5. Ask for the Last Look

Schedule a follow-up with the client and ask if they will give you the last look. Most of the time they will say yes, which is a huge benefit, because it gives you an opportunity to respond if your proposal isn’t currently the top choice. Here’s more on how getting the last look helps you win more bids.

Sell With Proof, Not Promises

Every competitor in the room will promise reliable officers and great communication. The fastest way to break a slump is to show prospects what that looks like in practice. TrackTik, the security workforce management platform from Trackforce, turns your daily operations into sales material. Bring these to your next meeting:

  • A sample tour report. Show checkpoint scans with GPS and time stamps from the TrackTik guard tour system, with client details removed.
  • A real incident report. Walk through a time-stamped report with photos from TrackTik incident reporting so prospects see how quickly they would be informed.
  • A client dashboard. Demonstrate the reporting and trends clients can view through the Client Portal and TrackTik business intelligence.
  • A reference with results. A current client who can speak to the difference your reporting made.

Strong reporting does double duty: it wins new accounts and protects the ones you have. Learn how to turn your reports into a contract-closing machine.

Track the Numbers That Signal a Slump

Slumps are easier to break when you spot them early. Review these numbers every month:

MetricWhat it tells you
Win rateWhether your proposals are landing with the right buyers
Bids submittedWhether you have enough qualified opportunities in the pipeline
Reasons lostWhether price, fit or proof is holding you back
Average contract valueWhether you are winning the work you actually want
Renewal rateWhether current clients see enough value to stay and refer you

Make the Five Steps a Habit

While these five steps cannot guarantee a new client every time, they will lead to future sales. Get in the habit of practicing them every time you prepare a proposal to be sure you’re putting your best effort forward. Pair them with the low-cost ways to improve your security marketing strategy to keep your pipeline full.

Want to see how TrackTik gives your sales team proof that wins contracts? Book a TrackTik demo.

Frequently Asked Questions

Most security sales slumps come from a mix of chasing poor-fit bids, competing on price alone and proposals that describe the company instead of solving the client’s problem. Market conditions play a part, but the fastest improvements usually come from changing how you qualify, position and follow up on opportunities.

Review your last few lost bids honestly, stop pursuing opportunities that fail basic qualification, and rework your proposal to lead with the client’s problem and evidence you can solve it. Then ask every active prospect for the last look. Showing real reporting from TrackTik gives prospects proof that makes you easier to choose.

Asking for the last look means requesting a final conversation with the prospect before they make a decision. If another proposal is currently ahead, it gives you the chance to address concerns, clarify your value or adjust scope. Most prospects agree, and it keeps you in the conversation until the end.

Pursue bids where the client has a clear reason for changing vendors, you can reach the decision maker, the timeline is defined, the scope matches your services and quality is weighed alongside price. If most of those are missing, your time is usually better spent on a stronger opportunity.

Give the buyer a clear reason to pay more and the evidence to justify it. Lead with a specific differentiator, bring sample reports and show how you will prove performance after go-live. TrackTik supports that with checkpoint-verified tours, time-stamped incident reports and client-ready dashboards.

TrackTik turns daily operations into sales proof. Officers complete tours and file reports in the mobile app, ReportPro AI helps produce clear, client-ready reports, and the Client Portal gives clients ongoing visibility into the work. Sales teams can show prospects exactly what service will look like. Book a TrackTik demo to see it for yourself.

Related resources

More on winning security contracts