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cold calling

How good are you at cold calling? Posted 8:09 PM on 05/30/08 - Reply to this post

The idea when making first contact, cold calling or otherwise, is to engage the interest and secure the attention of the person you are calling on. Based on that I wouldn't use either of the scripts you posted. Find out what is on the minds of your target audience, what do they really want, and then use that knowledge to craft an opener. I think you're going to find that there are essentially two camps on cold calling. Those who say it works and those who say it doesn't. You'll have to decide for yourself which camp you want to belong to but keep something in mind... almost ALL of the salespeople I've met who say cold calling works are very good at it - almost ALL of the salespeople I've met who say cold calling doesn't work are not very good at it.

Lion Joffrey (Belgium)

Oh my god Posted 12:02 PM on 06/02/08 - Reply to this post

Dear Chris, My poor poor Chris. What are you doing? A better question would be: What are you thinking? ... cold calling = satan? Oh my ... .You know what I am saying ? ... Cold calling is my all-time super mega hero best friend. And it does work. And you should be happy so many people do think it doesn't and hate it just like you. You will understand why. Dear Chris, let me try to help you because I was in the very same situation some time ago, where I was also … so poor. You want to make cold calling fun? You want to make it exciting? Here is how. Here is what you have to tell yourself every single time you call. Even more important … here is what you have … to believe: Every single time you pick up the phone and call … yes every single time … you are gaining something very valuable … EXPERIENCE! Does the call end up to be very smooth (a perfect match) and result in an appointment or, even better, a deal? Yahooooo fantastic! Does it result in the most horrifying call you ever had? Yahoooooo fantastic! Kick it in the nuts and faced it like a man … you’ve just acquired more experience! Do it again! And again! And …. Again! The more experience you gain … the easier it will become …the better your ATTITUDE will become … the more deals you will make … the richer you will become … the more motivated/inspirited you will become … the easier it will become … the more … you see how it works. Furthermore, studying the industry of you prospects is never a waste of time. NEVER you hear me? Else, how could you understand what your prospects actually need? How could you put yourself in the shoes of you prospect (which is important when thinking about power questions)? A final thing: you say your sales are so low at this moment? Do yourself a favor. Do not start putting your precious time into networking, lead groups, wasting whole days at seminars, etc. Why not? Is it really a waste of time? NO, not in the long run. But in the short run … definitely!

Shad M

What's a "good" cold call? They are all bad Posted 1:21 PM on 06/02/08 - Reply to this post

What defines if you are "good" at a cold call or are "bad"? My 12 year old can call a person and engage them. Jeffrey even says his grand daughter can kick anyone's butt in cold calling for appointments. He's right. I can cold call better than most, I CHOOSE not to because I have documented it at every sales job I have had (top 10 in every company I have worked for) and less than 2% of gross sales come from cold calls. For me that = waste of time. The OP said he HATES cold calling, that means he needs to find another way. You can't make someone like cold calls that hates it and I have proven it is not necessary to make great sales numbers.

cold calling

Cold Calls Posted 8:42 PM on 06/02/08 - Reply to this post

Thank you for sharing your personal results (2% of gross sales come from cold calls) with cold calling Shad. I can see why you would equate cold calling as a waste of time. If everyone quite anytime they didn't experience immediate success with something new we'd all still be crawling on the floor. I hope nobody actually believes that cold calling is necessary to make great sales numbers because that isn't the case. The same could be said however for advertising or Internet marketing or referrals or publicity or direct marketing, etc. No "one" method is "necessary" or will work across the board in all industries with all products, services or ideas. That's a fact. No matter what the channel, if you have a better method of consistently generating a fresh supply of qualified prospects then use it. Does cold calling work? Absolutely! Should cold calling be discounted entirely as a viable option for sales professionals across the board? Absolutely not!

Shad M

Cold Calls Posted 2:57 PM on 06/03/08 - Reply to this post

I see your point. I even agree with what you said to an extent. We can agree to disagree though on some of this stuff. I think if you work as hard doing things other than cold calls you can get better results. To each his own, that you are 100% correct about.

rich

cold calling Posted 7:10 PM on 06/05/08 - Reply to this post

I take it you're in radio advertisement? You say you do your homework. Why not start out with: How would you like to increase your profit by x percent? If you have done your homework you will know what percentage your radio time will enhance their profit. You will also already know the average age clients they attract. Use this as leverage to enter their world. You must catch the eye and ear of the client. By asking how would you like to increase your sales volume by 20% will generate interest in how you will do this and why it will do this. When cold calling you must separate yourself from every other cold caller.You can't do this by being dull. You can't separate yourself by asking questions about themselves until you have peaked their interest in what you have. You can only do this when you truly have done your homework.Homework does include knowing who is at each stage.From those answering the call to who makes the decision. You must know how they do their sales. How they make their clients happy. How do they do shipping. Showing how you can improve and provide a solution to their wants.

Howard

Medical Billing Posted 5:11 PM on 05/27/08 -  Reply to this post

I have started a Medical Billing business. Before this I started a wholesale Florist business built it up to 3 million a year in sales ran it for 16 years and then someone made me an offer on the business that I couldn't refuse, I made alot of money on the deal but I am too young to retire and I can't work for someone else so I decided to work in the Medical billing feild. I was curious if there were any other medical billers on the forum that I could share ideas with.

Joseph

Medical Billing Posted 11:21 PM on 05/30/08 - Reply to this post

Hey Howard, My name is Joseph. I am also in the process of starting a Medical Billing business. I'm a rather young individual simply taking advantage of my parents experience in the medical billing field. I would like to share some ideas with each other to better ourselves, as well as, the business.

Kimberly H

door to door sales program Posted 1:40 PM on 05/25/08 -  Reply to this post

I sell security systems to homeowners. It consists of a very very small upfront fee (sometimes waived) and a two year commitment at a about $1 per day. I have been struggling to develop this sales program for a couple years now. My industry is unfortunately known for its bad sales techniques and this has tainted consumers minds. I can close the sale if people want the system but I am having a hard time generating interest. I am also trying to develop a sales program around this which is not getting off the ground. I can not find anyone interested in doing door to door sales. I mean really doing door to door. Some say they will but do not actually put in the man hours to do it. My two biggest issues are: 1. Leads (lead generating services, cold calling, etc do not seem to work with this market) 2. Hiring and maintaining a door to door sales crew to work. I pay good commissions of $250.00 per sale so compensation is nice. I really think lot of people who have done business to business sales are surprised at how hard this is. Does anyone know a good place to look for door to door sales people? website etc? Many people around the country recruit at colleges and I looking into that in the fall.

Darren

Door to Door .... ouch! Posted 12:57 PM on 06/10/08 - Reply to this post

Kimberly ... Hopefully your sales program is utilizing multiple strategies in addition to just door to door. As you have seen, that is an extremely tough way to market your business. Why have you determined that this is the primary lead generation strategy that you want to use? Was it because other methods weren't working either? If that is the case then you may need to take a step back and identify if the problem lies somewhere else ... the company, the product, the wrong target, the actual execution of the lead gen strategies and/or sales process. Also, remember that what you PAY any employee generally has very LITTLE to do with their job performance. They need to buy into the vision, mission, & culture of your company. They need to feel empowered by a good LEADER. Does that description fit you??? If none of that is in place it won't matter how many people you find to agree to go door to door. Sorry if this doesn't directly answer your question, but I would NO IDEA where to go to recruit people to sell door to door.

Rookie

Bright prospects not picking up the phone.. Posted 1:07 PM on 05/25/08 -  Reply to this post

I am a rookie in the sales business (about 4 months as a salesperson, previous job was computer programmer). I am selling mutual fund. I have met about 3-4 very promising prospects (each of them told me they are interested in the mutual fund and just need a week or so to think it over). My problem is now getting them to pickup the phone for the follow-up (and closing the sale) meeting. These people are business people and they are busy, but none of them are returning my calls. What should I do? Should I keep phoning them? I have only their cellphone numbers and no emails whatsoever.

JF

RE: Bright prospects not picking up the phone Posted 3:10 PM on 05/27/08 - Reply to this post

One of the first thing I learned when I started sales is this: If my prospects are not returning my calls, there is a HUGE chance they are either not really interested in buying or they are simply not ready to buy. Here's what you could try...call them with specific informations about the mutual funds; how it's performing, where you see it going in the future and other interesting news about how they will profit from dealing with you. Leave them a short voicemail with this information every week. You need to get them to trust you first and give a compelling reason to call you back. Good luck!

Rookie

TQ Posted 2:36 AM on 05/28/08 - Reply to this post

Thanks JF, I will try your suggestion. I am going to leave them short voicemail. I am also going to slowdown calling them. I will call them back in about 2 weeks from now, just so that I don't look desperate. My obstacle now is to gain their trust I guess, which is hard if I could not even speak to them. I just read chapter 1 of Little Red Book of Selling, Kick Your Own Ass. I am reading it slowly as advised. For now, I am going to kick my own ass and call a hell lot other people and learn a hell lot about cold calling... so God help me.

Masker Insuance

Selling mutual fund Posted 9:25 AM on 07/02/08 - Reply to this post

Call them up with a interesting bit of information about your fund. For example, we just achieved X for our clients. (I assume your fund does well). Or tell them how the fund can add to their portfolio's performance by having a unique perspective in the niche market, broader market etc. I also assume the fund has a marketing department, hard copy mail information to your list with a personal note, enjoyed talking with/meeting with you, here's some more info on the fund. When can we get together to get you involved?

 

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