Recently I received an email from one of my Linked In connections asking for a little guidance on cold calling and how to manage the “scatter gun” expectations of his boss.
I didn’t want to send back a – “I’m far too busy, here’s a quick line to make you feel like I’m bothered” – kind of response, so I sent the message below.
I’ve copied it in with the original question for those who may have the same concerns.
Hope you find it useful.
.
Hi Chris,
Of late, I’ve seen several articles on Linked In and other places saying that ‘Cold Calling is DEAD’.
Are you aware of such articles / publications, and what are your thoughts on this?
I’ll be quite up front and say that my boss would have me cold-calling all day long (in person) yet I find more success with targeting prospects that I know are likely to use my product / service.
.
Hi,
Thanks for getting in touch – always grateful to help where I can.
Let’s take your questions one at a time;
“Are you aware of such articles / publications, and what are your thoughts on this?”
Actually, I wrote a blog article a little while ago – you can find it here – entitled “The FREE Service from Google That Can Help Populate Your Prospect List”; which also has a few more links to help with your cold calling and some of the difficulties that can arise.
I say at the beginning of the article that I reckon the statement “Cold Calling is DEAD” is around 50% accurate.
The world has indeed moved on. The population have cocooned, believing that all solutions can be found at the end of a mouse click.
Much of the sales training, book selling community will tell you that we must find a brand new way of selling – partly true, partly based on the fact that it’s difficult to sell last year’s ground breaking sales self-help book twice.
You’re a customer, you know that you need help and advice sometimes – you’re also aware that there are things you don’t know – so how can you find a solution for a problem you didn’t know existed?
That’s where a well thought out and highly focused sales strategy comes in – and sometimes that involves at bit of cold calling.
I also wrote an article called “A Few Ice Breakers for Cold Callers” which has a free download that you might find useful.
You can find it at this link
“I’ll be quite up front and say that my boss would have me cold-calling all day long (in person) yet I find more success with targeting prospects that I know are likely to use my product / service.”
There are a number of ways that we help our clients find us here at Varda Kreuz – these days you have to be a bit like one of the three settings on a Blackberry – Not ON (in their faces all the time), OFF (too scared to see anyone), but DISCOVERABLE!
We use Linked In, Twitter, the Blog, our free books and many other information based items to catch the interest of our target market – and they’re written and created to be interesting just to that set of people, solving the problems that only that group of individuals has.
We also have our own telesales team who do a fabulous job for us – but they’re only calling businesses that fit a specific criterion – and in some cases have been qualified through other levels of marketing.
But we still “cold call” – maybe that’s why we are more successful than some of the competition – after all, we are supposed to lead by example aren’t we?
Cold calling is about understanding your numbers, the numbers for REAL prospects. Not everyone out there who might one day become a customer is going to be ready today, but if they are REAL prospects, there’s a chance they’re going to buy someday.
So if you call 100 of these “NAMES”, you may “ENGAGE” with 10 – therefore 90 are recycled or discarded.
Those 10 become “SALES LEADS”, 5 may go on to become “PROSPECTS”.
2 move on to becoming “OPPORTUNITIES” and 1 becomes a “CUSTOMER”.
I don’t know what you’re numbers are like, but they’re gonna be highly diluted if you keep calling on everyone.
I once collected for a charity – stood with a bucket in a town square – turned out my numbers were £4 every ten minutes.
If two people dropped £2 in each, I wouldn’t get a sniff for another nine minutes.
If forty people dropped in 10p each – it usually happened over a ten minute period.
If I got £8 in two minutes – no one stopped for another twenty.
It’s just the way the universe works and you’ve got to understand what those numbers are for your market.
You use the phrase targeting prospects, and that’s exactly what you should be doing.
I’ve had loads of bosses who wanted to run into battle with a “scatter gun” approach – it works, but only because if you call on everyone, you will eventually meet a prospect.
The trick is to make sure everyone you talk to has the potential of at least becoming a prospect.
If you sold wine you’d call on the restaurants and bars on the high street.
Would you call in the book store, furniture showroom and second hand car dealers too?
Would I have got £4 every ten minutes collecting with my bucket at the bottom of a dead end street?
Course not – I had to put myself in the way of the opportunity.
If you’re looking for a quick start, find one of your existing customers on Linked In, have a look at the groups they’ve joined and join one of them.
Have a look at the members sections, search in a location that suits you – and have a look for people who resemble your existing customer base.
That should turn up a few opportunities.
Well, that’s a whole reply based on cold calling – managing your bosses expectations however, while delivering better results than he was expecting is a whole new article
Let me know how you get on – and if I can be of any further help just call
Best regards
Chris
PS – My new book The Extremely Successful Salesman’s Club is getting rave reviews – including one from Best Selling Author Lee B Salz – if you click on the book title above you can download the first 4 chapters for free
New Sales and Customer Service Training testimonial video HERE – find out what our customers think
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This year, I want to help you and your sales team become more successful than they’ve ever been before – call my office now on 0844 293 9777 or request a call back by going to our Contact Page HERE.
You and I can work out a sales training programme that suits your requirements perfectly – foundation level sales training, field sales training, account management training, selling value over price, FMCG sales training, customer service training, whatever it might be – but it’s a big old world out there and if you don’t take two minutes to invite me over, I may never know you need me.
We create bespoke sales training days from as little as £228 per person, so give my office a call today and we can get a date in the diary to start working on tailoring something just for you.
Chris Murray
0844 293 9777
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