Dealing with qualified prospects only is the best. Try to get rid of some people as early on in the process as you possibly can. If you found out that you invested some time with them and you later discover, okay, this person is no longer qualified. Cut the cord, move on. David: Hi, and welcome back. In today's episode, co host Jay McFarland and I will be discussing Qualified Prospects Only. Welcome back, Jay. Jay: Thank you, David. Wow, this is the dream, right? This is the dream. If you could spend all your time only dealing with people who want your services, need your services, and then, wow, that's what we're searching for every day. David: That's it, man. We are living the dream. And I think for a lot of people, the reason they don't live the dream is because they don't make it a priority. They don't build it in to their processes. They don't say to themselves, when I am in touch with a prospect today, this needs to be one of the very first things that I do. Is to get them qualified in or out as quickly as possible so I can move forward and not waste another nanosecond of my life energy on an unqualified prospect. It's doable, if you prioritize it as one of the first things that you want to have happen in a conversation with any new prospect. Jay: Yeah, and I do want to point out there's qualifying your leads and making sure that new leads fit in, but then there's what we're talking about. Okay, you've got somebody new, you're talking to them. In that process, you don't want to spend more time with them than you have to if they're just not going to fit what you have to offer. Now, I can usually do this in about five minutes, with somebody on the phone, and it's because I've learned what to ask. So, normally I'm like, I really don't think we're going to be able to serve your needs. And then I get to move on to the next call. And I think you're sending a message to them and they may circle back to you eventually, because you were upfront with them. David: Yeah, and we want to be upfront with people about that. Because we don't want to waste their time any more than we want to waste our own time. One of the things that I've said to people so many times in so many conversations is, "Look, I respect your time as I respect my own, which is to say a lot." And it is so true. And the older I get, the more true it becomes. Although it's been true for decades now, right? I've always looked at it as, I think I heard this from Brian Tracy originally, in one of his recordings, he said if you run out of money, you can always make more, but if you run out of time, all the money in the world won't help you. And I thought that is brilliant, because it is so true. When we invest time with unqualified prospects, when we spend too much time chasing down people who don't have the need, the desire, the money, the budget, the willingness to spend. It means we are not in front of people who have all of those things. And I did learn this lesson fairly early in my business, but I didn't immediately implement it. It took me probably another several years before I finally got all the processes and all the procedures in place to try to strain those out, before I ended up in conversations with them. And so often in my conversations with our clients, I'll be talking to them about their procedure for bringing new clients through the door, like clockwork, because in my mind, everybody has to have that. If you don't have a procedure, in your business, for bringing new customers in like clockwork, then you're going to be struggling. You're going to be missing out. And during some of those conversations, I've had people say, "well, yeah, I've been trying to get an appointment with this person for months."