Cold Calling
or Using the Telephone for Success: Is Prospecting That
Scary
by
Philippe Lavie, KeyRoad Enterprises, CustomerCentric Selling®
Affiliate
In this article, you will discover complaints sales people
and their organizations have in identifying and securing qualified
leads. I will review different prospecting methods and the
level of effectiveness each delivers. You will then read about
the common denominator that links both the methods and these
complaints. We will define what a qualified lead is, and finally,
we will review some ways to generate qualified leads using
the common denominator, the telephone, to contribute to the
success of sales people.
Complaints
I am always amazed to hear sales people complain about how
difficult it is to build their pipeline and therefore meet
or exceed their revenue target. I often hear gripes like:
- Marketing is sending me poor leads and I am wasting my
time going after them.
- Prospects don’t call me even though we have a terrific
product feature set advertised all over the place.
- I call new prospects but they never return my calls.
- I can’t get anyone on the phone to present what I offer
with players that can buy from me.
The other complaint I hear from companies is that their sales
people are not good at prospecting. These companies know they
need a better qualified pipeline. They implement what everybody
else has implemented to generate leads, from email campaigns,
direct mailing, trade shows, seminars, and then some. Unfortunately,
it only perpetuates what has failed to create the desired
outcome of effectively and cost efficiently generating qualified
leads.
Upon review of these pipelines, I find that few have qualified
leads. I am therefore astonished when sales people act surprised
when they are not meeting or exceeding their quarterly and
yearly revenue target.
Achieving sales goals and meeting revenue target are a sales
person’s responsibility. It is part of the job definition.
We, as sales people, have no excuses at the end of year if
we have not reached our goals and made the money we want to
make. Whatever lead marketing or any other part of the organization
comes up with is simply icing on the cake. Therefore, it is
our responsibility to prospect and create the opportunities
we will need to meet our objectives.
Type of prospecting tools and methods
The University of Carolina business school published the results
of a research they did, dealing with the effectiveness of
different prospecting approaches. Here is a brief summary
of its findings:
|
How
Effective is:
|
Always
|
Usually
|
Occassionally
|
Never
|
|
Recommendation
from someone inside the company
|
16%
|
68%
|
16%
|
0%
|
|
Referral
from outside the company
|
8%
|
36%
|
44%
|
12%
|
|
Letter
from a salesperson followed by a direct call
|
4%
|
20%
|
40%
|
36%
|
|
Contact
at an off-site meeting
|
0%
|
44%
|
32%
|
24%
|
|
Direct
telephone call from a salesperson
|
0%
|
20%
|
36%
|
44%
|
Continued on Page
2
|