Asked by Jaren Harth on Jun 29, 2024

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Identify the prospecting method that is based on the law of averages.

A) Cold canvassing
B) Orphaned customers
C) Center of influence
D) Networking
E) Sales lead clubs

Law of Averages

The law of averages is a principle that suggests that over time, outcomes will balance out to their statistical probability or expected value.

Cold Canvassing

The act of contacting potential customers without any prior connection or appointment, often through door-to-door visits or cold calls, in attempts to sell a product or service.

Prospecting Method

Strategies and techniques used by salespeople to identify potential customers or leads who may have an interest in their products or services.

  • Understand the principle of averages in the context of sales prospecting and its tangible results.
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KR
Kelsey RosenbergJul 06, 2024
Final Answer :
A
Explanation :
Cold canvassing relies on the law of averages, where the more people you contact, the more likely you are to make a sale, despite many initial rejections.