Let us create a 3D eBook for you!
Let us create a 3d Digital eBook for you! DigyCat.com

 

Cold Calling Does Not Generate Sales Leads


It is a fact of life for most new sales people; they get the dream sales job with unlimited earning potential and expect to earn so much money that they can now enjoy the fruits of their coming wealth. Everything seems perfect until they realize that before closing a sale and earning the big commission, they must first prospect for new customers (read, cold calls). Cold calling is hard to do. People hate to make cold calls and people hate being on the receiving end of them as well.

Prospecting is the most difficult part of the sales job. There are many ways to go about it but, for some reason, sales managers preach cold calling as the only way for young sales people to generate leads. As someone who has been through it, I wish that these attitudes would change.

I recently read one of the best selling books on cold calling. In this book, the author stresses persistence. He uses the 15-3-1 rule. That is, you need to make fifteen cold calls to make three appointments with prospects. Out of these 3 appointments you will close one sale. By being persistent and making fifteen cold calls a day, this will translate to, on average, one sale a day, five sales a week, twenty sales a month, etc. Further, the author explains that he doesn't mind the rejection that he gets when he cold calls. The reason is that since it takes fifteen calls to get an appointment, that means that he will hear the word "no" (rejection) fourteen times before he hears the word "yes."

This is simplistic and anybody reading this book may get overexcited and think that this is easy. It's not easy and the author's arguments don't hold up in real life selling.

Take the fifteen cold calls a day rule. Anybody reading this book will think that fifteen cold calls a day is nothing. If it takes 2-3 minutes to make a phone call, it shouldn't take more than 45 minutes to make your mandatory 15 calls. Then the rest of the day is spent selling in front of prospects.

But it doesn't work this way. If you've ever cold called, you will know that it usually takes at least 10 phone calls to reach a decision maker. Think about it, executives aren't sitting in their offices waiting for your call. They're either on the phone, in meetings, on vacation, or they just don't want to talk to you. So now, to talk to fifteen people, you need to make 150 cold calls. This is not 45 minutes of work; this can take days.

Further, for someone to say that he enjoys hearing the word "no" because it means he is getting closer to a "yes" is just misleading. Although a select few people can take this kind of rejection day in and day out, most cannot. It is only human nature to be discouraged by so much rejection.

There are better ways to get sales leads and increase your sales. People buy from people that they trust. Your time should be spent networking with your friends, colleagues, and business contacts. Get referrals, get introductions, get testimonials and the sales will come. Not only that, your job will be better; nobody likes the rejection and time consuming nature of cold calling.

Tino Buntic is a former insurance broker and ex-cold-caller. He is currently an entrepreneur and has created a system to reduce cold calling with his website, http://www.trade-pals.com


MORE RESOURCES:

Sales Teleselling - Google News

Quiz: Preventing Senior Scams - Record-Searchlight


Quiz: Preventing Senior Scams
Record-Searchlight
True or False: Americans lose an estimated $40 billion each year because of fraudulent sales of goods and services over the telephone. True. It is very difficult to tell whether a telemarketing call is legitimate. Telemarketers have perfected their ...

and more »

Part-time Telemarketing / Telesales Executive - This is Surreytoday


Part-time Telemarketing / Telesales Executive
This is Surreytoday
call handling experience, telemarketing / telesales experience or will possess other sales experience. - to be passionate about charity fundraising and passionate about working in a worthwhile cause environment. - to be IT literate, with the ability to ...

FTC Action Halts Telemarketers Who Sold Bogus Credit Cards - MarketWatch (press release)


eCreditDaily.com

FTC Action Halts Telemarketers Who Sold Bogus Credit Cards
MarketWatch (press release)
The FTC charged the defendants with making false claims in violation of the FTC Act and the FTC's Telemarketing Sales Rule, and withdrawing money from consumers' bank accounts without their consent in violation of the FTC Act. The defendants also are ...
FTC Stops Bogus Credit Card Telemarketing SchemeeCreditDaily.com

all 15 news articles »

FTC seizes Phila. firm, says it fleeced hard-up consumers - Philadelphia Inquirer (blog)


Philadelphia Inquirer (blog)

FTC seizes Phila. firm, says it fleeced hard-up consumers
Philadelphia Inquirer (blog)
The FTC charged the defendants with making false claims in violation of the FTC Act and the FTC's Telemarketing Sales Rule, and withdrawing money from consumers' bank accounts without their consent in violation of the FTC Act. The defendants also are ...

and more »

LA-based telemarketing software startup raises $15M - VentureBeat


VentureBeat

LA-based telemarketing software startup raises $15M
VentureBeat
Also profitable is selling software to telemarketers that allows them to track the calls they make, the responses they get (or don't get) from consumers, and the next follow-up actions they need to take to close a sale or get a meeting.

and more »

Research and Markets: 2012 Worldwide Telemarketing Services Industry-Industry ... - Bradenton Herald


Research and Markets: 2012 Worldwide Telemarketing Services Industry-Industry ...
Bradenton Herald
The report also includes industry definition, 5-year historical trends on industry sales, establishments and employment and estimates on up to 10 sub-industries. Industry Definition NAICS 561422: Telemarketing Services.

and more »

Cell Phone Numbers Going Public? Not Likely. - U.S. News & World Report (blog)


Cell Phone Numbers Going Public? Not Likely.
U.S. News & World Report (blog)
The message sounds deceptively helpful: “All cell phone numbers are being released to telemarketing companies and you will start to receive sales calls,” the email states. To prevent an onslaught of such calls, the email suggests calling the National ...

and more »

Telemarketing tops Wisconsin's consumer-complaint list - WSAU


Telemarketing tops Wisconsin's consumer-complaint list
WSAU
Landlord-tenant disputes were third followed by home improvement scams, identity theft, gas pump inaccuracies, vehicle sales, furniture sales, car repairs, satellite dishes, dentistry work, and various contests and promotions. Many of the telemarketer ...

and more »

Telemarketing - What Does Telemarketing Cost? Marketing Quotes Explains ... - Response Source (press release)


Telemarketing - What Does Telemarketing Cost? Marketing Quotes Explains ...
Response Source (press release)
As the internet is becoming more and more popular for finding things, many businesses feel that a more proactive approach to marketing is needed in order to catch sales before they turn to a competitor on the search engines.

and more »

SEC Alleges Telemarketing Stock Scam - Courthouse News Service


SEC Alleges Telemarketing Stock Scam
Courthouse News Service
Stem transferred the proceeds of these stock sales from First Resource's brokerage accounts to his personal account." The SEC says Stern made $169000 by flogging the stocks, and kicked back 6 percent to the telemarketers. It wants him to disgorge the ...

and more »

Click here for Best Buy In-Store Pickup

StreetSideAuto.com

Looking For Royalty Free Photos for your Website, Business or Advertising?

My Life Through The Lens

List4Sale Domain Is For Sale - $10,000 For Enquiries eMail Us

© www.List4Sale.biz 2011

home | site map | links

eXTReMe Tracker