Copyright 2006 Progress-U Ltd.
Have you ever wondered why there are still companies that
use cold calls to acquire new business even though most
people hang up sooner or later on most cold calls?
It’s the so-called ‘numbers game’ which goes approximately
like this:
- You call 100 people.
- Five to 10 people listen to you for a while for whatever
reason (because they’re polite, or feel sorry for the cold
caller or …)
- Two to three people are at the moment searching exactly
for the kind of product or service offered in the cold call.
- One of them eventually buys.
So you just need to make hundreds or thousands of calls and
you will eventually get the business you wanted.
Unfortunately, this business development approach has a
number of considerable disadvantages:
* Chances are good that you will ruin the image of your
company.
* It is highly frustrating to the cold caller to be
continuously rejected.
* It is actually unethical because you annoy most people
you call.
* It is a huge waste of time and energy.
Let me make it clear upfront: I believe in cold calls,
provided they are done with integrity and respect for the
person being called. Cold calls can be a fast track to
getting new business from your target customers, whom you
might not easily reach otherwise.
However, to make every cold call meaningful and enjoyable,
you will need to change a few things in your approach.
1. Opening
Keep in mind that the first impression you make will be
decisive in the outcome of your cold call. People typically
form a first impression about you 12-19 seconds from the
first verbal or non-verbal (the latter not relevant in cold
calls) communication with you. Hence, your opening is
crucial!
Some Tips:
- Don’t sound like a cold caller.
- First ask for permission (just because people pick up the
phone doesn’t mean that it’s a good time for them to speak
with you). Asking permission shows respect.
- Do as much research as possible on the person or company
you want to call.
- Adjust your pace, voice, and speaking style to the way
the person being called speaks (don’t mimic the other
person though, just stretch your natural style to get
closer and still remain yourself). It will make the person
you call feel more comfortable talking to you.
2. Elevator Speech
Early in the conversation your counterpart will want to
know which company you are calling from and the purpose of
your call. Ideally, you prepare a compelling “elevator
speech” which should be as concise and engaging as possible.
An elevator speech is a short statement of about 20-30
seconds (typically the time it takes to travel some floors
up in an elevator) which should answer the question: “Why
should I continue talking with you?”
Some Tips:
- Don’t use the words “are you interested in…” Better use
“would you be open…”
- Don’t bore your counterpart with details of your
service/product or what your company is all about; instead,
say why other people/companies buy your products/services
and share this with the person you call.
- Don’t imply that the person you call has a problem;
rather, say that you have helped others solve such
problems. Better yet, tell them what benefits others got
from buying from you.
- Make your statement as general as possible and as
specific as necessary.
3. About Scripts
Throw away any cold call script you might have - they
rarely work. Instead, write down some key statements like
your opening line and your elevator speech. The opening
line you can always use; the elevator speech you most
probably will need at some point.
There might be some frequently asked questions in your line
of business. Write down some compelling and concise answers
so that you can pull them out as needed
Since every person you call is in a unique situation, you
need to be highly flexible with your approach. Rather than
use a script, learn to become very sensitive and responsive
to each situation. Every situation is unique!
4. About Intentions
I often ask sales people in my seminars: “Which outcome
would you like to have from this call?” A frequent answer
is: “I would like to get a meeting with the person I call.”
This intention leads to a couple of problems:
• You actually limit the potential success of your call to
getting a meeting; there is always a chance to take it
further in the very first call, perhaps even to the point
of closing a sale. I know it’s rare but in most cases not
impossible.
• Worse than that is, with this intention in mind you
consciously or subconsciously push the other party to grant
you a meeting. Chances are good that you reap resistance or
get meetings that lead nowhere. It becomes a waste of time
for both you and the other party.
I find it more useful (and respectful) to set the intention
of taking the phone conversation as far as the other party
is comfortable to go. That could mean getting permission to
send more info, follow up with another call, set a meeting,
send a quotation, or even close the deal. I never know
before I pick up the phone.
The advantages of this intention is that I make the best
out of each call, that I am being respectful, and that I
don’t impose any undue pressure.
5. About Preparation
I recently got a call from a logistics company salesman. He
rambled on and on about how great their service is, how
competitive their rates are and God knows what. Since I’m a
polite guy, I let him finish and didn’t hang up right away.
I then asked him if he knew what kind of business I’m in.
The answer was as expected: “No.”
A little research on my company would have saved time for
him and me because it’s quite obvious that the
transportation needs for Progress-U are non-existing.
Using Google, Yahoo and other search engines gives you in
most cases sufficient information to figure out if a call
makes sense in the first place.
6. Making every call meaningful
If you don’t want to be treated like a cold caller, then
don’t behave like a typical one. Be creative, different,
perhaps even funny.
Think: “How much does the person being called care about
you at the moment you call?” Right, not one bit. So you
need to make a compelling case why it would potentially be
worth the time of the person being called to talk to you.
If you can’t answer this question, better don’t call.
If you want to gain some basic trust from the other party,
show that you truly care for their (not your!) outcome.
Make it clear that you have no idea if your product or
service would be really a good match for them. You call
because you want to see if there is an opportunity for
adding value to each other.
Conclusion
To make every cold call meaningful, it is crucial that you
develop an ideal mindset and use words that don’t make you
sound like other cold callers. Truly respect the other
person and learn to be sensitive and as a result act
flexibly. Do your homework before you call.
Most people actually enjoy good conversations, so make them
enjoyable for both, the potential buyer and you.
Good luck!
—————————————————-
Charlie Lang’s mission is to change the image of sales
through the completely buyer-oriented Stop Selling!
approach. He is a passionate and professional Executive
Coach, Trainer, Public Speaker and Author of articles
related to innovative sales, leadership and change
management.
For more info, visit
http://www.progressu.com.hk/solutions/for-sellers/sales-solu
tions.htm