Sales and Sales Management Blog

June 1, 2009

Boost Your Sales Series: “A ‘Warm Calling’ vs. ‘Cold Calling’ Rant,” by Wendy Weiss

This is the first of 57 blog posts by 52 of the world’s top sales and management authorities dedicated to helping you or your sales team build their business.

This week’s topic is “Using the Phone to Generate Business” and our first expert is the Queen of Cold Calling herself, Wendy Weiss

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A “Warm Calling” vs. “Cold Calling” Rant
By Wendy Weiss

Had another conversation with yet another entrepreneur who told me he does not “cold call,” he only does “warm calls.”

I continue to be baffled by those who cut off possibilities with a semantic twist. “Cold call, warm call,” it’s simply a state of mind. Your mind. Your prospect does not make those distinctions. Just because you have designated a call to be “warm” doesn’t mean that the person you are calling thinks it’s “warm.”  This “warm call/cold call” concept is a smoke screen that covers the real issue.

The real issue is controlling your message. The real issue is being able to communicate with a prospect so that they understand and resonate with what you have to say. The real issue is about having the skill necessary to communicate with a prospect under any circumstance.

Prospecting by phone, introductory calling as I prefer, is a communication skill. Like any communication skill it can be learned and it can be improved upon. The idea when introductory calling is to contact a qualified prospect and entice them with your message. You have a brief amount of time on the telephone to catch and engage your prospect. If you are not able to do that, the call ends without achieving your desired result. If you have the proper skills, however, it is possible to have extremely productive conversations with prospects no matter how you choose to categorize them, “warm” or “cold”.

The idea of a “warm call” is that you’ve had some prior contact with your prospect and that you have somehow “warmed up” the call. The prior contact might be with a letter sent before your call, it might be that you have encountered the prospect elsewhere or it might also be that you have a referral.

All too frequently callers who use the “I only warm call” approach do not adequately prepare for their calls. Instead, they rely on the appellation “warm.” If you are one of these callers, stop right here and ask yourself these questions:

v  How many “warm” prospects have said “no” to me over the years?

v  Would those calls have been more productive if I had been better prepared and more in control of my message?

Although you may have sent a letter or email, you have no guarantee that your prospect has read it. Although you may have met previously, your prospect may not recall that. Although you may have a referral this is no guarantee that your prospect will meet with you or have any interest at all in your products or services.

When you are on the phone with a prospect you must deal with them, where they are, at that particular moment in time. If your prospect hasn’t read your letter or email, doesn’t remember the person who referred you, or is simply having a bad day, that’s out of your control. What is within your control when prospecting is to have honed your skills so that your message is clear and so that you can respond in any situation.

When you have skills, you know how to catch a prospect’s attention, you know how to keep their attention, you know how to respond to questions and objections and you know how to ask for what you want. When you have those skills it’s no longer about a “warm” call or a “cold” call, it’s about communication, conversation and results.

Get the Free Special Report, “Getting in the Door: How to Write an Effective Cold Calling Script,” at http://www.wendyweiss.com. Wendy Weiss, “The Queen of Cold Calling,” is a sales trainer, author and sales coach. Contact her at wendy@wendyweiss.com.

© 2009 Wendy Weiss

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Tomorrow:  Jill Konrath discusses “Are You Losing at Hello?”

Wednesday:  Trish Bertuzzi’s article “Prospecting Baseball”

Thursday:  Art Sobczak talks about “Why Your Voice Mails are Ignored”

Friday: I’ll give you my take on “Turn Your Cold Calls into Referred Introductions”

May 29, 2009

“Boost Your Sales” Summer Blog Series Starts Next Week

Monday kicks off the summer “Boost Your Sales” series at the Sales and Sales Management Blog.

Each week a new group of 4 of the world’s top sales and management experts and I will tackle a sales or sales management issue that is impacting sellers and sales teams in today’s market.

Next week’s topic is “Using the Phone to Generate Business” and we start the series with a strong line up:

Monday, June 1:  Wendy Weiss presents “A ‘Warm Calling’ VS. ‘Cold Calling’ Rant”

Tuesday:  It’s Jill Konrath discussing “Are You Losing at Hello?”

Wednesday:  Trish Bertuzzi presents “Prospecting Baseball”

Thursday: find Art Sobczek talking about “Why Your Vocie Mails Are Ignored”

Friday: I’ll tell you how to “Turn Your Cold Calls into Referred Introductions”

Then the following week you find more great content as Mark Hunter, Andrea Sittig-Rolf, Jonathan Farrington, and more giving their insights in how to network for success.

April 2, 2009

Survey Results: What Do Prospects Respond To?

How many individual and business customers respond to cold calls?

How many respond to direct mail?

Do your prospects read and respond to unsolicited email ads?

Over the past several weeks McCord Training has surveyed over 450 individuals and businesses to get an idea of just how effective some of the marketing and prospecting methods salespeople, professionals, and small businesses use really are.

The survey was conducted over the phone and by no means is it a scientific study.  The survey respondents included over 200 individuals and just under 250 businesses.  About 80% of the respondents reside or are headquartered in the US, with the remaining 20% from Canada.  Business respondents included companies from numerous industries, and although they ranged in size from mom and pop stores to multi-national companies, the majority of the respondents were small to mid-size companies.  The responses from larger companies represent only the purchase practices of a single division, region, or even a single executive within the company.

The survey sought answers to a number of questions about how the individual or company responded to various prospecting and marketing methods. 

Although the survey was taken for internal use and full results are not being released, here are a few of the more interesting finding of the survey:

  • Have you (or the company)purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where the initial contact to you was made by a cold call?
    YES  3.38%  NO 96.62% Individuals  (business respondents bought at a rate of 6.07%, almost double the rate for individuals)
  • Have you (or the company) purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where the initial contact to you was made by a letter, post card, or other direct mail piece addressed to you or your company?
    YES 12.36%      NO 87.64%
  • Have you (or the company) purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where the initial contact to you was made by an unsolicited email?
    YES 1.77%      NO 98.23%
  • Have you (or the company) purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where the initial contact to you was made via a referral or introduction from someone you knew (or someone within your company)?
    YES 62.47%      NO 37.53%
  • Have you (or the company) purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where the initial contact to you was made via meeting the salesperson or other company representative at an event or meeting?
    YES 39.07%      NO 60.93%
  • Have you (or the company) purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where you contacted the company or salesperson due to a recommendation of the product, service or company from someone you knew?
    YES  17.22%        NO 82.78
  • Have you (or the company) purchased any goods or services in the past 12 months from a salesperson or company that you had never done business with previously where the initial contact to was made at a trade show or conference?
    YES 18.32%      NO 81.68%

We believe these numbers are instructive and can help salespeople and companies determine where they want to invest their time and money; however, the results are from a limited number of consumers.  In addition, the answers given reflect only the respondent’s best memory of their actions over the past 12 months; involve purchase decisions for only a 12 month period; and do not reflect the quantity of purchases a respondent may have made through any of the above contact methods (that is, a respondent who bought from a cold call may have only bought from one cold caller or might have bought from several cold callers).  Also, respondents were asked only about purchasing from salespeople or companies they had never done business with previously.

The survey indicates that virtually all of the contact methods surveyed are viable.  Some are certainly more effective than others, but all, given large enough numbers, can and do produce results.  One of the most glaring but not surprising results is the more personal and intimate the contact method, the better the result.  In each case, the positive response results were higher for business consumers than individual consumers, with the exception of referrals/introductions and unsolicited emails where the response rates were almost the same for each group.

It would be interesting and beneficial if an organization with the necessary resources would undertake a similar survey on a far larger scale.

February 10, 2009

Run Don’t Walk

Today’s the day!  Can’t say much till Noon Pacific Standard Time–but it is worth the wait.

Noon today PST, the doors open – on an offer that has the potential to save you thousands of dollars, increase your sales exponentially, and perhaps best of all give you peace of mind in the midst of a downward spiraling economy, massive budget cuts and increased sales quotas!

Watch the countdown to noon here.

Best,

Paul McCord


At noon PST run, don’t walk to here

January 14, 2009

Guest Article: “Stop Sounding Like a Self-Serving Salesperson,” by Jill Konrath

Filed under: cold calling,prospecting,sales,selling — Paul McCord @ 7:22 am
Tags: , , ,

Stop Sounding Like a Self-Serving Salesperson
By Jill Konrath

After several months of leaving a series of voicemail messages for a prospective customer, she finally picks up the phone. “Marie Trent speaking,” she says in a flat tone.

Startled by the human voice on the other end of the phone, the message you spent hours crafting disappears instantaneously from your memory bank. Instead, you blurt out:

“Hi. My name is __ and I’m the sales rep for Generic Industries. You’ve probably heard of us. We’re the fastest-growing firm in the market right now and we have locations in 13 different cities. The reason I’m calling today is I’d like to get together with you to explore your needs and show you …”

“Excuse me,” she interrupts. “We’re already working with another company.”

“Which one?” you ask, fingers crossed.

“Newco. And we’re quite happy with them.”

“What do you like about them?”

“They take good care of us, they know our firm and their pricing is great.”

“Would you be open to considering other options? I’d be glad to show you what we could do for your company.”

“Not at this time,” she answers curtly.

“When should I call you back then,” you ask politely.

“Why don’t you try calling in six months.”

“Thank you so much. I really appreciate the time you took with me today. I’ll get back to you then,” you say, smiling inside because you “KNOW” it’s only a matter of time before get lots of business from this firm.

~ ~ ~

What’s wrong with scenario? Actually, just about everything. If you were the seller, I’d tell you that:

  • You suffer from a bad case of delusional thinking. The buyer brushed you off, plain and simple.
  • You interrupted someone’s business day with no thought as to what they were doing when they picked up the phone.
  • You lacked a peer-to-peer approach. Intelligent buyers immediately sense you’re a lightweight when you’re so eager to settle for a ‘fictional” appointment six months from now.
  • You solidified your prospect’s positive feelings about the competition by the questions you asked.
  • You were entirely focused on “what’s in it for you” – not the value your prospect gets from your using your product or service.

Certainly that wasn’t your intention. You were trying to be nice, conversational and perhaps even avoid sounding like a typical salesperson. Unfortunately, that’s not how you came across. You sounded pretty self-serving.

Tips For Getting High Quality Appointments

1. If you’re sick and tired of getting yourself caught in situations like this, use these tips to help you change the game. Plan out multiple contacts before you even pick up the phone.

  • Develop multiple scripts highlighting various aspects of your value proposition.
  • Then, write out various emails you can send depending on your prospect’s business situation.
  • Finally, develop a campaign you can roll out over time.

2. Make sure your message focuses on your value proposition. Ensure each contact states the clear business value that clients receive from working with your firm.

  • “We work with clients to significantly reduce time-to-market on new product introductions.”
  • “One of our customers saved over $1/3 million in just the past year by eliminating the redundancies in their system.”

3. Treat the person you contact like a human being, not a prospect. In calling a friend, you’d:

  • Automatically ask if you were interrupting: “Is it a bad time?”
  • Notice if they sounded distracted and address it head on: “Hey, if you’re swamped right now, I don’t want to interrupt. I’d rather catch you when you have a few minutes to talk.”
  • Immediately suggest a future contact, initiated by you: “When is a good time to call you back?”

4. Prepare for the common obstacles prior to the call – and eliminate them if at all possible.

  • “We already use ___.” You respond: “Well I assume a company of your size would be working with another firm. (pause) AND that’s why we need to meet … “
  • “We’re really busy right now. We couldn’t possibly take time to look at options.” You respond: “You and I know that six months from now your workload isn’t going to be any lighter. AND that’s exactly why we need to get together …
  • “Your prices are too high.” You respond: “Yes our prices are higher than others on the market. AND that’s exactly why we need to meet …”

Please note that the second sentence starts with AND, not BUT! Because ‘and’ doesn’t negate your prospect’s perspective, they’re interested in learning more.

Then, reel off 2-3 valid business reasons that this prospect should get together with you. They need to flow out of your mouth without hesitation, so prepare them ahead of time. These are true statements, not slippery manipulations, so make sure you state them with quiet confidence.

If you (or others in your company) can’t come up with any reasons, then you’d better take a serious look at the sustainability of your business model. Just because “you want their money” is just not a good enough reason for them to meet with you!

Recently I interviewed Amy, the “Vice President of First Impressions” for a small technology firm. Using the phone and email, she arranges meetings between her company’s sales reps and Chief Technology Officers from Fortune 1000 firms.

In less than 8 months, she’s set up appointments with over 50 of these big companies. She’s a real telesales professional. If you heard her conversations with prospects, you’d think they were her long-time friends.

Amy focuses on business, treats these C-level executives as equals and enjoys her conversations with them. But, she also has at least 4 voicemail messages and 3 emails at her fingertips, ready to use as needed.

In addition to the above strategies, Amy recommends that you:

5. Piggyback off competitors, if at all possible. When you’re trying to get into an account, don’t immediately try to displace long-standing incumbents. Instead, position your offering as one the co-exists alongside their current supplier or even enhances it.

6. Keep “tweaking” your “message” till you get it right. In her first three months on the job, Amy didn’t set up one single appointment. Yes, she was extremely discouraged. AND, she kept trying new approaches till she found ways that worked.

7. Be yourself! Laugh with your prospects, enjoy them – and let them know you’ll be coming back.

SUMMARY

Sounding like a sleazy, well-oiled seller will not get you an appointment in today’s market. Think of your phone calls as business-to-business conversations with peers. That may be a hard mind shift to make, but it’s where you need to be. If your business acumen is lacking, start reading up on the subject so you can become conversant.

And, most importantly keep working at it! Try focusing on different aspects of your value proposition. Try reframing what you say. Change a word or two, if need be. But don’t keep doing the same thing, again and again. That’s insanity.

Jill Konrath, a leading-edge sales strategist and business advisor, is a popular speaker at annual sales meetings and association events. She helps sellers crack into corporate accounts, speed up their sales cycle and win big contracts. She’s the author of, Selling to Big Companies, an Amazon Top 25 sales book for 3 years running. Most recently, Fortune magazine selected it as one of eight “must read” sales books, along with classics such as How to Win Friends & Influence People and Getting to Yes. Visit her website at www.sellingtobigcompanies.com

December 25, 2008

Top 12 Sales Articles of the Year–September: “Why Decision Makers Hate Cold Calls,” by Paul McCord

The September monthly winner at Top 10 Sales Articles was my article, ”Why Decision Makers Hate Cold Calls,” originally published at EyesonSales.  My article is one of 12 monthly winners vying for Sales Article of the Year.

Top 10 Sales Articles selected the 10 best out of the thousands of articles published each week.  The weekly winners then went to head to head competition with each other, the best being named the Article of the Month.  Now, out of the over 500 articles nominated, the 12 monthly winners are now competing for Article of the Year honors.

Each day I’ll be posting one of the monthly winners.  Read them and then head over to Top 10 Sales Articles and vote for your favorite.  Better yet-go there now, read all 12 and cast your vote (for my article, of course).

Why Decision Makers Hate Cold Calls
By Paul McCord

The simple answer to why decision makers hate cold calls is cold calls are one of the biggest time wasters for them.

Decision makers hate cold calls and have no interest in taking your call because all you do is waste their time.  Period.

Now, you don’t see it the same way.  You believe you have something of value to offer the decision maker–actually, you want to see if you have something of value for them. You have to qualify them and that’s one of the things you’re hoping to begin to do while speaking with them.  All you want is a couple of minutes of their time to set an appointment and learn a little something about whether or not they’re a qualified prospect.

To you, all you’re asking is just three, four, maybe five minutes of their time and a short little 10 or 15 minute appointment.  No big deal–just a moment of their time.

But look at what you’re asking from their point of view:

1. You’re not the only call they’ll get that day. They’ll get 5, 10, 15, maybe more cold calls on any given workday.  You only want 5 minutes of their time?  Well, that 5 minutes can add up to a half an hour, an hour, two hours or more if they spoke to everyone who called.  Everyday.

2. You only want a short 10 or 15 minute meeting. Sure.  They understand that you’re asking for 10 and intend to stay 45.  They learned the BS about the 10 minute meeting their first week on the job.

3. You just want to ask a few questions to gather information to grab their interest to set an appointment. You sound like every other salesperson who calls.  That’s what they all want.  They want the decision to educate them about why they called, that is, to give them a reason to try to set a meeting with the decision maker.

4. When they politely say ‘no,’ you won’t accept it. Instead you try to probe, to flush out the objection, to give more reasons to meet with you.  Finally, they get mad enough to slam the phone down or tell you in no uncertain terms ‘NO.’

5. When you call, you have nothing of interest to them. They’re not thinking about your great new copier because they still have 2 years on the lease of their current copier.  They’re not thinking about replacing their phone system, they’re thinking about the server that just crashed.  They’re not thinking about a new accounting system because they’re thinking about the big deal they just lost that morning.

How would you like to go through that 5, 10, 15 times a day? Everyday?  Without fail? What would be your resolution to the problem?  Would you take those calls?  You would do the same thing they do-not take any calls.

And decision makers have made it as obvious as possible that they don’t want your call.  They’ve put gatekeepers in place to keep you out.  They’ve got voice mail to filter who they want to talk to and who they don’t.  They put signs on the door that say ‘no soliciting.’  As soon as they discover you’re a salesperson they say ‘no,’ and hang up.

Yet, you think-you hope-that you’re the exception. That they’ll take your call.  That they’ll want to speak with you despite the signals they’ve given.  That you’re different from other 5, 10, or 15 salespeople who will call that day.

Cold calling is viewed by many salespeople, managers, and companies as the quickest, easiest, and cheapest way to find prospects. It isn’t. It is in many ways the most difficult and expensive because when you cold call you’re trying to connect with someone who has already indicated as plainly as they possibly can that they don’t want to speak with you.  In order to overcome that, you have to make massive numbers of calls in order to find someone, anyone you can corner.

If you choose to cold call, you’ve a hard road ahead of you.  Few top producers waste their time cold calling because it is so ineffective and costly.  However, if you do choose to cold call, invest in getting the best cold call training you can.  Your investment will pay off with greatly increased results-you’ll still waste a lot of time; you’ll still face a tremendous amount of rejection; you’ll still have to eventually find better ways to connect with prospects; but at least make your efforts as profitable as possible.

November 7, 2008

Guest Article: “Warm Leads in Cold Weather,” by Umberto Milletti

Filed under: cold calling,prospecting,sales,selling — Paul McCord @ 8:21 am
Tags: , , ,

Warm Leads in Cold Weather
By Umberto Milletti, Cofounder and CEO of InsideView

As the economy worsens, inbound sales opportunities quickly dry up and sales teams are forced to become increasingly proactive. Just picking up the phone and calling a sales target is generally not enough, but that is particularly true during the economic times we are currently in. Your Rolodex is static; in a down economy, people move around, lay-offs happen, even entire companies disappear. In order for your sales teams to strike up promising conversations in a tough economic climate, they need to have a clear and compelling reason for initially calling.  They need to know who to call (calling somebody after they just blogged about being laid off could lose a business relationship permanently.) Updated inside knowledge of what is going on with the company and the person you are selling to can make the difference between beginning a relationship or ending one.

Let’s face it:  While cold calling is incredibly impersonal, and rarely successful, it is a necessary part of the sales process. In a cold economy though, it becomes much more challenging, and the need for a warm lead is significantly increased. Fortunately, social sites across the Web are hot with the latest activity on a myriad of subjects and industries, and in the process, are publishing enormous amounts of rich, useful content for sales teams. In fact, much of the most insightful and timely content for sales people on the Web can only be found via social Web sites. For example, you can only learn that a mid-level sales manager with whom you used to work at a now-defunct start-up just joined a company you’ve been focusing on through an RSS feed from LinkedIn.  That same update wouldn’t be available from Reuters.

Distilling rich, up-to-date insights from the social Web is a prime example of how Sales 2.0 solutions are revolutionizing the sales process. With the Internet as the new business platform, now all stakeholders – prospects, customers, salespeople and marketers – can connect, learn, plan, analyze, engage, collaborate and conduct business in ways that were not even imaginable a few years ago. Sales 2.0 is about leveraging the wealth of information and interactive possibilities on the Web to accomplish customer engagement rather than just customer-data harvesting. Today’s “smarter” and better informed prospects are requiring sales people to be better versed both in their products and their prospects, rendering Sales 2.0 a two-sided interactive process. It is no longer just who you know that will make business deals happen but “what you know about who you know” along with “when and where you should know it.”

Here are some of the ways that we’ve found that the social Web can make the difference for sales professionals:

Know where your target is actually working (or not): Company moves, promotions, new roles and departments

Know company updates: Did the company that you got denied from last quarter just post record profits? That would be a pretty good time to give ‘em a call back.

Know industry news: Is there a shake-up in one of your target industries that will lead to more opportunities for your company?  What is the commentary going on surrounding the news?

Know it quickly: With all of the examples above, its best if the information can come to you. The sooner the better, so you can have time to properly prepare your sales approach while still getting in early.

By now you’re probably thinking, “This is all great, but who has the time to spend scouring the social Web?”  And you’re right:  There is just too much stuff on the Web to research randomly on your own.  But Sales 2.0 is also about increased productivity and speed and the emerging Sales 2.0 tools accomplish this by intelligently utilizing the massive amount of resources on the Web. For example, at InsideView, our vision was and is to help sales teams save time by integrating our business search and intelligence application, SalesView, directly into the CRM tools they’re already using: Microsoft Dynamics, Salesforce and Oracle, just to name a few.  That way, they can get important sales insights from across the social Web while their list of sales targets remains right in front of them.

Customer relationship management is a fundamental element of success in an economy like the current one, and the leads you have need to be good ones.  While the world outside gets colder, remember that in a Sales 2.0 world, warm leads are waiting for you on the social Web.

Umberto Milletti Bio

Umberto Milletti is the cofounder and CEO of InsideView, the pioneering business seach and intelligence service. Before founding InsideView, Umberto was an executive and co-founder of DigitalThink, a leading provider of Web-based corporate training services. Beginning in 1996, Umberto held a number of key roles at DigitalThink, serving as GM, Products; VP, Technology; and VP, Marketing & Product Management. Umberto helped lead DigitalThink to a successful IPO, and ultimately to its sale to Convergys.

September 30, 2008

What Has Been Your Experience with Cold Calling?

Filed under: cold calling,prospecting,sales,selling — Paul McCord @ 11:52 am
Tags: , , ,

A recent article of mine, Why Decision Makers Hate Cold Calls, is creating a number of responses to it on EyesOnSales, as well as a number of emails to me.  The majority of the responses are defending cold calling and challenging my thinking on the subject.

What I find interesting is the article simply related the reasons decision makers hate cold calls and that if one wants to use cold calling as one of their primary prospecting tools, they had better get the best cold call training they can-or, better yet, learn more effective methods of prospecting.

I’m always amazed at the emotional reaction many salespeople and managers, and a great many sales trainers have to anything that might question the orthodoxy of cold calling.  Simply mention that you question the effectiveness of cold calling and the reaction is immediate and vehement.  I’ve been accused of hypocrisy since “those who oppose cold calling are only trying to sell their overpriced, worthless ‘training.’”  Nice to know that the only trainers who believe what they say are the ones who agree with the sender of the email.

And, of course, I’ve been accused of being ‘dangerous’ and should be ‘stopped’ for leading salespeople to believe there are other, more effective ways of finding and connecting with prospects.

We conducted a survey last year that asked business decision makers and individuals a number of questions regarding how they found the salespeople and companies from which they bought goods and services.  Regarding cold calling, of the several hundred people we spoke to at random, less than 5% indicated they had bought anything in the past year initiated through a cold call (slightly higher for businesses than individuals).

My argument isn’t that cold calling doesn’t work-you can certainly find clients via cold calling, and every once in a while, even find a great client.  My argument is that cold calling is inefficient.  Certainly for some companies and even some salespeople selling a commodity, cold calling can be the only reasonable way of operating.  But for salespeople in relationship driven industries, is cold calling really the Mecca of prospecting?

I’d be very interested in getting your cold calling experience.  My only request is that you identify yourself with your real name (too many try to hide behind a screen name), and that you give real experience, not opinion.

September 22, 2008

Why Decision Makers Hate Cold Calls

The simple answer to why decision makers hate cold calls is cold calls are one of the biggest time wasters for them.

Decision makers hate cold calls and have no interest in taking your call because all you do is waste their time.  Period.

Now, you don’t see it the same way.  You believe you have something of value to offer the decision maker–actually, you want to see if you have something of value for them.  You have to qualify them and that’s one of the things you’re hoping to begin to do while speaking with them.  All you want is a couple of minutes of their time to set an appointment and learn a little something about whether or not they’re a qualified prospect.

To you, all you’re asking is just three, four, maybe five minutes of their time and a short little 10 or 15 minute appointment.  No big deal–just a moment of their time.

But look at what you’re asking from their point of view:

1.   You’re not the only call they’ll get that day. They’ll get 5, 10, 15, maybe more cold calls on any given workday.  You only want 5 minutes of their time?  Well, that 5 minutes can add up to a half an hour, an hour, two hours or more if they spoke to everyone who called.  Everyday.

2.   You only want a short 10 or 15 minute meeting.  Sure.  They understand that you’re asking for 10 and intend to stay 45.  They learned the BS about the 10 minute meeting their first week on the job.

3.   You just want to ask a few questions to gather information to grab their interest to set an appointment.  You sound like every other salesperson who calls.  That’s what they all want.  They want the decision to educate them about why they called, that is, to give them a reason to try to set a meeting with the decision maker.

4.   When they politely say ‘no,’ you won’t accept it. Instead you try to probe, to flush out the objection, to give more reasons to meet with you.  Finally, they get mad enough to slam the phone down or tell you in no uncertain terms ‘NO.’

5.   When you call, you have nothing of interest to them. They’re not thinking about your great new copier because they still have 2 years on the lease of their current copier.  They’re not thinking about replacing their phone system, they’re thinking about the server that just crashed.  They’re not thinking about a new accounting system because they’re thinking about the big deal they just lost that morning.

How would you like to go through that 5, 10, 15 times a day?  Everyday?  Without fail? What would be your resolution to the problem?  Would you take those calls?  You would do the same thing they do-not take any calls.

And decision makers have made it as obvious as possible that they don’t want your call. They’ve put gatekeepers in place to keep you out.  They’ve got voice mail to filter who they want to talk to and who they don’t.  They put signs on the door that say ‘no soliciting.’  As soon as they discover you’re a salesperson they say ‘no,’ and hang up.

Yet, you think-you hope-that you’re the exception.  That they’ll take your call.  That they’ll want to speak with you despite the signals they’ve given.  That you’re different from other 5, 10, or 15 salespeople who will call that day.

Cold calling is viewed by many salespeople, managers, and companies as the quickest, easiest, and cheapest way to find prospects.  It isn’t.  It is in many ways the most difficult and expensive because when you cold call you’re trying to connect with someone who has already indicated as plainly as they possibly can that they don’t want to speak with you.  In order to overcome that, you have to make massive numbers of calls in order to find someone, anyone you can corner.

If you choose to cold call, you’ve a hard road ahead of you.  Few top producers waste their time cold calling because it is so ineffective and costly.  However, if you do choose to cold call, invest in getting the best cold call training you can.  Your investment will pay off with greatly increased results-you’ll still waste a lot of time; you’ll still face a tremendous amount of rejection;  you’ll still have to eventually find better ways to connect with prospects; but at least make your efforts as profitable as possible.

September 16, 2008

Need Cold Calling Help? Listen to Wendy Weiss Talk About Cold Calling College

Filed under: cold calling,prospecting,sales,selling — Paul McCord @ 5:56 am
Tags: , , , ,

What would happen to your business if you were able to double the number of qualified prospects you are able to reach?

How would it affect your bottom line if you met with and/or had comprehensive telephone conversations with twice the number of qualified, decision-makers?

How would it feel to have qualified, decision-makers eager,willing and delighted to meet with you?

Join Wendy Weiss, The Queen of Cold Calling, as she discusses cold calling and how she helps entrepreneurs, business owners and sales professionals prospect fearlessly and schedule more new business appointments in less time.

The Cold Calling College Free Preview Call is on September 18, 2008 and details can be found HERE

Prospecting is perhaps the most important skill that entrepreneurs, business owners and sales professionals must master to be truly successful. Let’s face it, without customers you don’t have a business, and without prospecting, you don’t have customers!

Many people struggle with prospecting by phone.

The reality is that prospecting can be difficult, but it doesn’t need to be. The good news is that cold calling is a communication skill, and like any communication skill, it can be learned and improved upon.

If you struggle with prospecting, you too can see amazing change and terrific improvement in your ability to connect with multiple new prospects on a personal level, and have them agree to sit down and have a further conversation with you.

The Cold Calling College Free Preview Call is on September 18, 2008
and details can be found here

Here’s what people are saying about ‘Cold Calling College’:

‘I recently called six companies and was able to get four solid introductory appointments on my calendar with minimal effort! If I can keep up this pace I can make more money in less time.’
–Tracy M. Brodd, Account Executive, American Identity

And isn’t that what it’s about? Making more money in less time.

You can do it too.

PS – Just for attending, you are eligible for EXCELLENT discounts… Register (even if you can’t make it – Wendy will send you a recording!) today!


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