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There’s a huge difference between a cold call and a warm (referral call). (No there’s not.)

December 30th, 2009 by Barry Caponi

In our Prospector’s Academies, we hear all the time that, “I don’t cold call. I network and follow up on marketing generated leads.” So what’s the difference between a cold call and a ‘warm’ call?

There are 4 components to an appointment making call regardless of whether it is cold or warm.
 
  1. The Approach
  2. The target’s Response (No)
  3. Our Counter
  4. Asking for the Appointment again
The Approach will vary slightly as we want to invoke either the name of the person who suggested we call, or the fact that they had asked us to contact them through a marketing program of some kind. The processes of how we get through a gatekeeper, leave a message, send an email, gain their attention, introduce ourselves, etc., is the same.
 
If we really think about it, the target’s Response is generally the same as on a cold call. They’re just nicer about it. Ever run into a referral target that said, “Hey, I appreciate Barry suggesting you call, but we’re all set in that area”. Of course we have. That’s because in very few instances does the referrer know the target’s business in enough detail to know they need us. 
 
Even in the case of an inbound request for information from a lead generation program, we sometimes are surprised by a response of “No”, to a request for an appointment. It’s not uncommon for an inbound request to be a tire kicker or information gatherer and not someone ‘In the Market’ right now for what we sell. Maybe they just want us to ‘send something’. Perhaps not often, but it happens more than we think. 
 
There’s also many times a different challenge that occurs on these calls; the temptation to ‘sell’ on the appointment making call because of their interest. So how do we keep from falling prey to this? Easy, we use the same process we do on a cold call to provide enough value to get the appointment.
 
My point is this. The reason our curriculum is called The Appointment Making Formula™, even though we talk a lot about cold calling, is that process or ‘formula’ that we apply in a warm call also applies in a cold call. It’s all appointment setting. We must be prepared in order to be successful.
 

Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called The Prospector’s Academy™ under the brand name Coldcalling101. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations – the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 214 483-5800 or at barry@coldcalling101.com.

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Tis the time of year to reflect.

December 21st, 2009 by Barry Caponi

 

No matter what your beliefs are, as we approach Christmas in two days, take a moment to reflect on the important things in life (thought I was going to say we should reflect on our appointment setting skills, right?).
 
All of us at the Caponi Performance Group and Contact Science hope that you have a wonderful few days off with friends and/or family. And may God bless you and them.
 
Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called The Prospector’s Academy™ under the brand name Coldcalling101. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations – the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 214 483-5800 or at barry@coldcalling101.com.

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Good times are on their way back. Are you investing now to leverage?

December 17th, 2009 by Barry Caponi

 

According to the Wall Street Journal: An analysis of 600 companies in the 1981-1982 recession found companies which maintained or increased their marketing expenditures during this slow period averaged new sales growth of 275% between 1981-1985.   Companies which cut back on their marketing averaged just 19% sales growth during the same period.
 
The government says we’re beginning to come out of the recession (if you can believe the government on anything). 2010 may not be a boom year, but it should be better than 2009. What are you doing to prepare yourself for the coming good times?
 
 
Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called The Prospector’s Academy™ under the brand name Coldcalling101. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations – the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 214 483-5800 or at barry@coldcalling101.com.

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Avoiding the Top Three Trap questions when cold calling.

December 7th, 2009 by Barry Caponi

 

When making cold calls, many of us use certain questions that make our process more difficult. Here are the top three to avoid:
 
  1. “Do you have a moment?”  
 
If you believe, as we do, that the targets we’re calling don’t believe they need us when we call, asking them if ‘they have a moment’ is just giving them a perfect way to get rid of us.  Just get right to the point.
 
  1. “How are you today?”
 
If you think about it, when we call your friends, this is not the first question we ask; at least not in the fashion most of us ask this question on a cold call. This approach just signals that this is a cold call. Our target doesn’t believe we really care (do we really?), so if we’re trying to build credibility we’re off to a bad start.
 
  1. “Do you mind if I ask?”
 
This is not as big as the first two, but if the target is still looking for reasons to get rid of us, why give them the opening? Use the ‘I’m just curious’ or ‘I was wondering’ approach instead until we get them into an open conversation.
 
 
Very few of us like to cold call, so why make it harder? Avoid these questions and you’ll be more successful!
 

Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called The Prospector’s Academy™ under the brand name Coldcalling101. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations – the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 214 483-5800 or at barry@coldcalling101.com.

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Appointment Setting and taking the long view of building territories.

December 2nd, 2009 by Barry Caponi

 

Sales professionals seldom take the long term view of their jobs, and hence. the concept of building their territories over time. As sales managers, we also tend to focus on this month, this quarter, and certainly this year. It’s how compensation plans are built. Companies also tend to change compensation plans and territories at the end of the year and sales professionals change companies, so it’s no wonder that no one pays attention to multi-year planning.
 
I believe that it our job as senior management to build processes and compensation plans that support the long term growth of the company. What do I mean by that? Look at your compensation plans. Do they encourage making the territory a bit warmer in the future? 
 
Even if the compensation plan doesn’t explicitly encourage this approach, build appointment setting Best Practices that support warming up targets over time. Leave or send consistent voicemails and emails that build and tell the story you want the target to understand. Build into those Best Practices the ability for the target to request written information instead of taking an appointment at the moment. And make sure to follow-up on a consistent basis. Don’t waste the effort, even if the sales professional changes.
 
Why do that? Simple: next year your goal will be higher won’t it? Taking the same approach year after year will finally become a scaling challenge. There will be no efficiencies of scale, so your cost of sales cannot be successfully reduced. 
 

Caponi Performance Group and Contact Science jointly market the telephone prospecting and cold calling solution called The Prospector’s Academy™ under the brand name Coldcalling101. It is the only comprehensive solution to solving the biggest barrier to success in most selling organizations – the inability to secure enough Initial Appointments to begin the selling process. We accomplish that through simultaneously addressing both the efficiency and effectiveness of the process. We can be reached at 214 483-5800 or at barry@coldcalling101.com.

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