Sales Training
Really interesting piece here, and in the main I think your right.
You need a structure in place to carry out these calls. As someone who runs a telemarketing company I think its important through training to develop your stills.
Within any given telemarketing department you will find the abilities range, meaning that results rise and fall constantly.
Building on a Pipeline of opportunities is paramount too, never live for sales today and tomorrow when you can live on sales over long periods of time.
I have provided a link to a piece regaridn pipeline management here:
I agree, and as I delve more into the phases of the process I will explore what happens as the pipeline continues to take shape.
I will look at your article and comment on your blog.
I’m old-school sales and cold calling has been a big part of my success thru the years, especially when I work for small companies that don’t generate the qualified leads we need. I also think cold calling is great for practicing your pitch and learning to handle any objection. But I feel like a dinosaur saying that. Cold calling is dead. Forget what it’s great for because the bad outweighs it. Prospects don’t want to be bothered by cold callers. Businesses have caller-id and spam filters to stop cold calling. Consumers have caller-id at home to block cold callers.
I blogged about this here
http://inquisix.com/blog/2007/09/11/do-not-call-registry-139m-numbers-have-spoken/
and
http://inquisix.com/blog/2007/08/14/cold-calling-ineffectiveness/
So instead of spending any time cold calling, hunter sales reps should spend their time networking. While networking over wine and cheese (your example) is nice and fun it’s rarely effective. I’m sure most rep’s rate of conversion for networking as you describe is no better than a cold call conversion rate. It’s just more fun.
I would put networking with fellow sales people second behind networking with your customers. They have the same DNA as you – they understand the value of referrals, they want to give & get referrals, they think about referrals all the time. networking with the sales people who sell to the same customers as you is very effective. And don’t limit your networking to reps in your industry but rather look at who your customer buys from and then network with those reps.
My point & pitch – my passion, like your’s Karl, is selling and coaching. I’ve turned that into a blog and a solution for like-minded sales people.
Why not join us!
http://www.inquisix.com – Meet Better Prospects
- Michael Kreppein
Michael,
Your points are good, and I will definitely take a look at your blog.
I agree that the customer network is your strongest opportunity; however you have to have customers to use this process. As you see in my first paragraph of the networking piece I mention this need.
Without a network of customers of opportunity the cold call is essential. I know many see it as a dead art, but it is a reformed art. I guyarantee that any rep at a start up, trying to evangelize a new service or concept, that sends information or samples to 50 people a day will close sales. That is, if they follow a process that affords them the ability to actually learn about their prospects as we will discuss in the next training post.
The more established rep, selling to higher level executives, would be better suited using their developed network to accomplish their goals. Frankly, there is no one way to do this, and I would never condemn any method of selling that has shown results. I would only question the practice of the method and how to maximize its value.
Again, please keep firing off those comments as dissention is what will stimulate ideas and better education.
I’m not sure it’s dissention as much as prioritizing. I agree that junior reps don’t have the rolodex to utilize for networking, which is why they start as Biz Dev Reps or Market Dev Reps. However, the senior exec, especially at a start-up, will accomplish far more spending their time networking amongst peers, partners and previous customers to generate new business than 50 cold calls a day. It’s opportunity cost, that’s all.
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