Asked by Jaren Harth on Jun 29, 2024
Verified
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.
Verified Answer
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.
Learning Objectives
- Understand the principle of averages in the context of sales prospecting and its tangible results.