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Warming up prospects? The truth about cold calling.

Tuesday, February 16th, 2010

The last thing a sales associate wants to hear from his manager is “make these cold calls.” Truth is, if you’re selling B2B cold calling is NOT going to work. Why? Sales turn on calling to get leads and turn it off when no value is yielded. Cold calling is hit-or-miss because, more often than not, the approach is not aligned to your sales process. So consider this: what if your approach to calling is the problem, not a lack of interest? We know its marketing’s role to prequalify and warm up suspects, to build the sales pipeline and scrub databases. Truth is that, when integrated and timed with online/offline direct marketing tactics, teleservices can be a cost effective marketing tool to pre-qualify suspect lists, boost event registrations, and/or improve customer relations. When used strategically, teleservices can succeed in converting target audiences, heightening awareness, obtaining new contacts, scrubbing databases, and gaining business intelligence. How?

Ask yourself the following questions. If you answer “no” to any, you need to adjust your approach and refocus your marketing efforts to warm up your calls…and your prospects!

  • Do you have a call-to-action/compelling event?
  • If yes, is it strong enough to create demand?
  • Have you properly, specifically identified your target audience?
  • If yes, are you reaching them?
  • Do you have something readily available that the caller can leverage real-time on the phone?
    i.e. 15 minute demo or free 30-day trial
  • Have you evaluated how teleservices fits into your unique sales process?

Yes, there is still value in hosting traditional offline events

Wednesday, January 6th, 2010

In the world of technology consulting, current and prospective customers who are serious about investing in enterprise-wide IT solutions from a strategic viewpoint, often prefer traditional events—executive roundtables, seminars, etc—where the attendance is purposely limited and that offer the greatest potential for peer-to-peer interaction. But, in order to justify the expense for higher value/lower quantity attendance, getting the event off the ground involves key steps even before any promotions are factored. Here’s my checklist:

  1. Build a “power-team” by actively involving your sales team in each phase — while planning, during joint event promotion, during the event to spur networking discussions, and during attendee follow-up. Gain firm cooperation, and hold them accountable.
  2. Together, identify a compelling topic that is most pertinent to expediting the sales process.
  3. Align with co-sponsors for co-funding to keep costs predictable and reasonable, and boost brand power to attract the attendees you want in the seats.
  4. Select a convenient, unique venue and appropriate time slot. We all like an excuse to check out something out of the ordinary, and talk about it later.

Aligning sales and marketing throughout the event planning process will help reduce or even eliminate common disconnect that can occur, and keep focus on driving quality attendees to push the sales pipeline along.

Let marketing build your product sales pipeline

Tuesday, December 22nd, 2009

Yes, I said marketing. When it comes to B2B product sales, we believe that sales and marketing should work as a team, with separate roles but a shared aim—shortening the sales cycle. The way we see it, marketing’s primary role should be prequalification of suspect lists to build the sales pipeline and provide cleaner databases. Marketing should focus on suspects, freeing frontline sales to concentrate on customers and prospects already in the pipeline and ready to purchase or upgrade. So how does marketing prequalify and warm up those suspects? With integrated lead generation programs—like webinars, trade shows, partner marketing, sponsorship with trade affiliations—or isolated online and offline tactics, or timed teleservices with pre-call tactics (NOT “script-read” cold calling). Know your role and success is yours!

What’s your call to action?

Thursday, December 10th, 2009

Assumption: your offerings were developed because they were new and innovative and served a specific need or they were more superior to what was on the market. But, the Internet has conditioned us all to evaluate solutions as far as we can go without having to speak to a sales consultant. What will persuade interested parties to move from a competitive offering or to justify the adoption of a new concept? Product companies may consider quick-see demos, trial offers, pre-paid subscription models, and other ways to prove value quickly. Service companies may consider unique ways to package or productize their solutions so that prospects can see clear, tangible deliverables upfront. The easier you make it for your prospects to visualize their potential with your offerings, the shorter your sales cycle will be.

Suspect your suspects are actually prospects?

Thursday, November 19th, 2009

Foundational to even the most basic understanding of the sales process is the ability to clearly distinguish the key players to which our efforts are directed: Suspects, Prospects and Customers. This is especially vital because those efforts should follow different strategies based on the target. While we can all comfortably define a customer, the distinction between suspects and prospects isn’t always as apparent. Not to be confused with a prospect, a suspect is an individual identified based a potential need for your product—usually procured from list purchases, trade events, or pulled from various free online and offline sources. In order for a suspect to become a prospect, marketing must raise awareness of your product or service. When awareness becomes demand and your suspect demonstrates interest, you should then consider he/she to be pre-qualified prospect. Move them into your sales pipeline!