The Value of Your Time
by Cameron on Oct.14, 2009, under Business
How much do you value your time? Lets say that a salesperson attends a meeting with a potential client. The meeting lasts for 3 hours and the client seems like they are almost at tipping point. In order to ‘WOW’ the client and potentially secure the sale, an extra 2 hours of work is required. What would you do in this situation? How would you prioritize your time?
Option A – 3 hours invested, 2 more wasted.
Decide that you’ve already invested 3 hours of your valuable time into this sale, and choose not to ‘waste’ any more time on this sale. Instead, you opt to ‘better utilize your time’ in other areas such as sourcing a new client.
Option B – 3 hours wasted unless 2 more are invested.
Decide that you have already invested 3 hours of your time into this sale and follow through with the extra work to increase your chances of success. You believe that those three hours of work will be wasted if you don’t allocate the extra time to secure the sale.
Many people often blame others for ‘wasting my time’. The truth is, we waste more of our own time, than any other person can ever be responsible for.
When we understand and respect this, we can work to make ourselves more productive and more efficient which will ultimately lead to better customer service and greater success in business.
Tip: Spend some time identifying the activities and tasks that are going to win you business. Then prioritise your time around these activities.
October 1st, 2009 on 10:54 pm
I find that I spend the most amount of time with the clients who spend the least amount of money, ask for a million different options and shop around with competitors.
I think time spent on customers should be calculated on a effort/reward basis. Once you better know your clients you can make an educated decision not to spend 5 hours on these timewasters in the first place.
Cool blog man!