How Does Cold Calling Differ Across Industries?

How Does Cold Calling Differ Across Industries?

I am often asked if there are different Cold Calling tactics for different Industries. The answer is, yes, we may modify our script slightly to provide industry specific examples or wording but actually, the biggest difference is in how much TIME it takes for the prospects to ‘convert’ to a qualified appointment.  

Cold calling is cold calling no matter what industry you are calling. It is simply a discovery call. Your goal, across industries, is to engage a stranger, whom you have determined to be a decision maker, in meaningful conversation.  

If you are going after SMB’s (small and midsized businesses) you are more likely to reach a decision maker sooner, as a small business owner is just more likely to take a call. 

Typically, the larger the company, the longer it takes to reach that decision maker. When you have to navigate through multiple layers of gatekeepers, it slows the process. 

It may also take a bit longer if the industry is oversaturated, like it is with IT providers, financial advisors, insurance providers and some others. With those, you may also face built up resistance and fatigue which can slow you down. As with all calls, PATIENCE and PERSISTENCE are your best tactics!  

This isn’t a ‘one and done’ process 

And remember, no matter which industry you are working in, cold calling is never a ‘one and done’ process. Making the calls is KEY – without those calls, you will never set any appointments – but you must also have a FOLLOW-UP plan in place if you want those appointments to convert to sales. Building RELATIONSHIPS for the LONG TERM requires a process to follow-up with those new prospects. Salespeople that have this ‘long game’ mindset and a plan to follow-up, will succeed. They know that they need to not only make the connection but to NURTURE it. They establish trust and STAY in touch on a regular basis so they stay top of mind.  

It may take a bit longer to reach decision makers in certain industries but across the board, what really matters is that you have the patience and persistence to make, and then nurture, those connections so they convert to appointments and sales! 

Do you need help connecting with decision makers? Assistance with follow-up? Our Call Center in a Box provides you with the training, management and monitoring YOU need to succeed in Cold Calling. Give us a call TODAY at 908.879.2911 to learn more!

Boost Sales by Matching Your Communication Style to Your Customer’s Buying Style

There are two approaches to selling – selling a product or selling a solution. Selling a solution will generate more sales and cultivate long-term relationships with your customers. The key to selling a solution is to understand that you are selling a solution to the prospect’s problem. That means you need to understand communications styles, so you can really get to their problems.

DiSC is an assessment tool that the One Of A Kind Solutions team has been trained in to determine the buying styles of prospects so that we can adapt our communication style to match that of the buyer. By understanding the 4 DiSC profiles, you can adjust your approach and have better outcomes.

A Dominant Type – They typically have fast-paced speech and a strong personality. They tend to think in terms of the bottom line and often have a quicker, more impulsive decision-making style. To improve communication with “D” types:

  • Don’t dominate the conversation, listen more
  • Create a situation to give them a win
  • Ask specific, targeted questions and don’t waste their time
  • Keep a fast pace to match theirs
  • Give direct answers without a lot of “fluff”

An Influencer Type – They are friendly and talkative. They typically enjoy interacting with people and like chit chat. Influencers respond well to testimonials and hearing about benefits in an upbeat, positive way. They tend to be less detail-oriented and focus more on the big picture. To improve communication with “I” types:

  • Be friendly and animated with your conversation
  • Ask for their ideas and opinions
  • Applaud and compliment
  • Don’t dwell on the details
  • Provide personal stories on how other people have benefited from your solution

A Steadiness Type – They are patient and easy-going. You can identify these individuals by their reserved, indirect, but people-oriented approach to others. They typically have a deliberate and methodical decision-making style and may resist change or anything they perceive as a risk. To improve communication with “S” types:

  • Don’t pressure them to make a decision quickly
  • Listen patiently and take time to explain
  • Speak with a sincere tone of voice
  • Discuss the process

A Conscientious Type – They are methodical and deliberate. They tend to focus on the details and are primarily concerned about doing things the “right” or “correct way.” This buying behavior style can be skeptical and is often concerned with analytics and the effects of change. To improve communication with “C” types:

  • Present data to back up claims about your solution
  • Avoid asking too many personal questions
  • Slow down and answer questions precisely
  • Involve them in planning
  • Be conservative in assertions

As sales people, we can only control our communication style. We cannot change or control the prospect. They decide if they want to purchase or not, but it’s our job to adjust our style appropriately. If we can help make the prospect’s decision-making more comfortable or easier then we can gain their trust, establish credibility, and keep the sales process moving forward.

Stop Typing and Pick Up the Phone

Why Email Can Never Replace Phone Communication

We are all very attached to our electronic devices for email, text and social media communication. But when it comes to relationship building, picking up the phone and speaking to your prospect is the only way to go. Certainly, cold calling takes more effort than shooting off an email. It also takes practice and skill but there are many benefits in using phone conversations for lead generation.

Phone communication fosters personal relationships. There is no electronic media that allows you to build a personal relationship with a prospect. A personal relationship is key in cultivating and closing a sale. Phone conversations make building relationships easier.

Phone calls are an opportunity for the prospect to talk to you. People love to talk about themselves – to tell their story. If you do not give prospects a chance to do so, they feel unheard and sale will go nowhere.

Phone calls lower the risk of being misunderstood. Email lacks social cues like tone of voice, clear emotion and pauses, which can easily lead to your message being taken the wrong way. We may think we are interpreting the tone of an email correctly but in fact we often are not. There is no misinterpretation in a live phone discussion.

Phone or in person communication builds trust. People do business with people that they know, like and trust. Conversations generate honest discussions that emails cannot deliver.

Phone conversations provide constructive feedback. They give you a valuable insight which you can use to improve your solution and sales process.

Phone conversations are an opportunity for 2-way communication. How will you know if there’s a good fit between you unless you and the prospect can ask questions.

Phone calls are 10 times more likely than email to lead to sales*. Emails are more often than not considered spam unless they are directly relevant and the sender is someone known. No surprise that human interaction is more effective than email since salespeople have been around much longer than email has.

*https://grasshopper.com/resources/articles/talking-to-customers-phone-vs-email/