by Marta Malyk | Sep 25, 2023 | Cold Calling, Sales, Sales Best Practices
When it comes to lead generation and closing new business, it’s probably not going to be a surprise to hear me say that I believe that cold calling is a critical component. I have had potential clients challenge me, asking: “Why not just ‘drop in’ to a likely customer? If you drop in and they’re willing to talk to you, you might even be able to close business that day.”
As owner of One of a Kind Sales, I work with businesses that provide solutions that may represent a significant investment for their customers. In my experience, a successful, same-day close is highly unlikely for this type of sale
The Pitfalls of the “Drop-In” visit
- An in-person visit requires non-productive travel time. A 30-minute drive means an hour wasted.
- If you happen to catch a prospect who is willing to talk to you, this person may have agreed because you’ve asked for a very short period – not what you’d need to close new business.
- You may be unprepared to have an in-depth discussion because you can’t predict which of the prospects you plan to visit will be able to see you.
- It is unlikely your prospect is prepared to have the conversation that you would need to have to close new business.
Ultimately an in-person visit to someone who does not know you (a cold visit) should have the same objective as a cold call: to qualify the prospect and make an appointment for a more substantive meeting.
Why Cold Call?
- Since the objective of the call is to qualify the prospect and set an appointment, there is no need to do any research on the prospects you speak with. Preparation is minimal.
- You can qualify more prospects more quickly by cold calling. There is no wasted “windshield time”. There is only the gap between one cold call and the next.
- Making an appointment allows your prospect the time to collect their thoughts so that the discussion will be more fruitful.
There is a direct relationship between the number of appointments with qualified clients and your sales numbers. Increasing the number of qualified appointments we make will result in increased sales. As an experienced cold caller, I would place my bet on using cold calling to drive sales growth any day. Cold calling is a skill that is often neglected in sales training.
If you would like to explore how cold calling can impact your business, please reach out to me at 908-879-2911. At One of a Kind Sales, we are experts at cold calling and would love to help.
by Marta Malyk | Sep 11, 2023 | Best Sales Practices, Cold Calling, Lead Generation, Sales
Businesses that consider using call calling often ask questions about its effectiveness. At One of a Kind Sales, having made thousands of cold calls, we can attest to its effectiveness in generating leads. But I recently came across some statistics from the RAIN Group about how direct outreach, including cold calling, is regarded by business decision-makers. Their research showed that more than half of senior decision-makers prefer to be contacted by phone. When businesspeople are actually in the market for a solution, more than 71% of them say that they want a salesperson to reach out to them directly. And up to 50% of sales go to the “first mover” – the solution provider that reaches out first to the potential buyer.
Often, we hear salespeople complain that prospects don’t pick up the phone, but the statistics show that 67% or two-thirds of buyers have picked up the phone at least once for a new provider in the past year. Making a direct phone call to a prospect is regarded as the most effective tactic by almost one-third of salespeople and you’re more likely to get new business from this type of direct outreach than from an email campaign. Yet many salespeople who are tasked with lead generation don’t have specialized cold-calling skills.
For people who sell for a living and any business that has a sales objective, evaluating the effectiveness of your lead generation efforts is important. Because we have limited time those resources must be allocated effectively. We believe that a business should have multiple channels to generate leads – a mix of inbound and outbound methods. Our experience combined with the statistics regarding the perception of cold calling among decision-makers strongly suggests businesses should be using cold calling as one of the lead generation channels.
What’s important about these statistics is that they show that if you are calling a list of people that are likely to need your solution you have a strong likelihood of qualifying strong leads and converting them.
Do you wonder if Cold Calling would work for your business? If so, give us a call to find out. At One of a Kind Sales, cold calling is our specialty. We qualify leads and set up appointments for our clients so that their salespeople can go in a close new business. We also train sales teams to do cold calling and can ensure that you have the proper systems in place to maximize the impact of cold calling. Reach out to us at 908-879-2911.
by Marta Malyk | Aug 28, 2023 | Appointment setting services, Cold Calling, Lead Generation, Sales
When people think about cold calling, they envision an aggressive phone call in which the caller pressures the person on the other end of the line into making a purchase. To me, this is the worst example of cold calling. This is what gives cold calling a bad name. One thing they have right is that cold calling involves making a call to someone the caller does not know, but there is a great deal of difference between what professional cold callers do and that negative image.
My business, One of a Kind Sales, uses cold calling to qualify leads and set appointments. Generally, we work from a curated list of prospects that have been identified because of their specific role in a business. Our objective is to understand whether any of these prospects have a need for or an interest in a particular product or service. This is sharply differentiated from attempting to sell the solution. Often the selling process is handled by a different person who is a solution expert. In our process, which we’ve used successfully thousands of times, if the caller determines there is no need or no interest in the solution, we end the interaction on a positive note. However, if a lead is qualified, meaning that they have a need and an interest, our team sets up an appointment for the expert who will speak to the prospect about the solution.
These cold calling interactions also have the potential to generate referrals. For example, if a lead is not qualified, the caller may ask whether there is another business they might recommend that we speak to that may need the solution.
Beyond the objective of near-term sales, cold calling can be used in other ways:
Market research – Speaking to a potential prospect is an effective way to gauge interest in a new product or service and get a better understanding of market needs.
Competitive research – Talking to your ideal prospects can help you gain insight into competitive activities.
Education – When a product or service is complex, cold calling can be done to provide general information that will give the prospect a better understanding of the product. Sometimes this is done in anticipation of the launch of a new product or service.
No matter the objective, cold calling should always be thought of as a way to establish a positive relationship with a connection that would enable you to re-approach them as a “warm” contact at a future point in time. Well-trained professional cold callers are skilled in establishing rapport quickly, and they have a genuine interest in learning more about their prospects’ needs.
When thinking about cold calling, it’s time to leave behind that old stereotype of the-high-pressure phone call. Given the competitive marketplace and the proven utility of cold calling, we need to think strategically about all of the options in the sales toolbox and deploy them when and where they can have the greatest impact.
If you are wondering whether cold calling could be a good approach for your business give me a call at 908-879-2911 or email me at nancy@oneofakindsales.com.
by Marta Malyk | Mar 14, 2023 | Best Sales Practices, Cold Calling, Leadership, Sales Best Practices
Salespeople hear the word “NO” often, and that can be very demotivating. If your business depends on a sales team for growth, it’s important to ensure that the team can weather those disappointments and not lose momentum. Cold calling, in particular, is one of the most difficult aspects of sales. As an expert in cold calling, I know we will hear a lot of NOs before we hear the YES response that makes all the negative feedback worth it. In my experience, it’s critical to keep the team motivated. Here are some steps I recommend you take to keep your sales team moving towards their next win.
Develop a personal relationship. Show interest in your sales team members as individuals. Set aside time to meet with them individually, get to know them, and let them get to know you. You’ll begin to develop a deeper understanding of what motivates them.
Facilitate a “team-centered” approach. Encourage the team to share wins and losses in an environment that is non-threatening. They can learn from the successes and failures of team members, and this will make your team stronger and build trust within the team.
Be open to and seek feedback. Being on the front line, your salespeople may be the first to recognize gaps. By engaging and addressing these issues directly with your team, you demonstrate your respect for them and their important role in the business.
Set achievable goals and compensate them for what they deliver. Competitive salespeople are goal-oriented, and they will have a good sense of what is realistic versus what is not. For cold callers, the goal is to make an appointment with a qualified prospect. When that happens, they should be rewarded for it, and they should not be penalized if the appointment must be rescheduled.
Invest in your team. I’m a strong believer in ongoing training. If you value your salespeople, you should want them to have the strongest sales skills that they possibly can. This will drive excellent performance and increased sales. Investing in your salespeople with training communicates to them that you value them. This will maintain their motivation and increase their loyalty.
Cold calling is our specialty. At One of a Kind Sales, we create the plan, establish the tracking process, build the skills, and make the calls. If you need help creating an environment that supports an effective cold calling team or want to add cold calling to your sales mix, give us a call at 908.879.2911.
Good Selling!
by Marta Malyk | Nov 7, 2022 | Best Sales Practices, Cold Calling, Cold Calling Success, Cold Calling Tips, Sales, Sales process, Sales Prospecting
A quiz for you:
Communicating your expertise and product knowledge to your prospect leads to a successful sale:
1/ True
2/ False
I came across this question in a session with a world-class expert in the Sandler selling method. This is one that can spark a lot of debate.
I’m aware that many salespeople are trained to be product experts. In fact, product or service training may be the lion’s share of the formal training that they receive from their company. Often, salespeople are coached to share their knowledge in order to establish their expertise with a prospect. This might be because the business perceives that the offering is so differentiated that once a prospect fully understands it they will jump at the opportunity. So, an encyclopedic knowledge of the offering and the ability to communicate it is often perceived as a major sales success factor for a salesperson.
However, consider the problems that could arise with this approach. What if we miss something critical because we are so busy “communicating” about our offering? When we first meet with a prospect, I believe it’s important to let the prospect communicate with us. What are their current issues? Why are they even talking to us about our offering? What problems are they trying to solve? If we move into “presentation mode” without knowing the answers to these questions, we risk losing the prospect’s attention by not addressing their core concerns. In order to get at these concerns, we need to take the time to ask the right questions and then engage in active listening so that the prospect can communicate with us and so that we can internalize what they are saying. We need a two-way conversation and, particularly early in the discussion, it’s ideal if the prospect does most of the talking. This is where we learn what we need to know in order to confirm if they are a good fit for our solution and then close the sale.
So what’s my answer to this question?
False: I’ve concluded that product knowledge and expertise aren’t enough to close the sale.
My recommendations:
- Avoid getting into the “nuts and bolts” of a product presentation immediately with a prospect.
- Slow down and take the time to get to know prospects in order to learn what motivates them.
When you truly understand their situation, you can then start to use your understanding of your offering to highlight how your solution will make a real difference for them. In my experience, taking this approach will improve the likelihood of a successful outcome.
At One of a Kind Sales, we love to sell and are lifelong learners when it comes to selling. Cold calling is our specialty. If your business needs help with getting appointments with qualified prospects, give us a call at 908-879-2911.
by Marta Malyk | Oct 11, 2022 | Cold Calling, Cold Calling Success, Cold Calling Tips, Sales Prospecting
A couple of weeks ago, I attended Outbound 2022 in Atlanta. Outbound is self-described as “the biggest, baddest conference in the Sales Profession.” Outbound is unique because it’s the only conference focused exclusively on “sales prospecting, pipeline, and productivity.” I always make it a point to attend.
Continuing Education
Some people are amazed that I would take time away from my business to go to a conference with other salespeople. But in my view, I’m not taking time away from my business, I’m investing time in my business because, as the owner of a business whose primary focus is outbound cold calling, attending Outbound is continuing education for me.
A conference like Outbound gives me the opportunity to be surrounded by and interact with individuals who believe in outbound activities. These are people who strive to be the best professional salespeople every day. While there, I’m able to explore new ideas and develop relationships that have led to growth for my own business. My experience at Outbound allows me to be a better leader of my own organization and inspire my team to do their best job.
I also invest in my own people. We have weekly Sandler training attended not only by my sales specialists but my admin team as well. As a result, my admin team has a deeper understanding of our business and they have become better communicators as a result. This investment pays off with greater efficiency and productivity for my business.
My Love of Learning
If you’ve followed my blog and my social posts for any length of time, you’ll know that I have a strong thirst for learning. Attending Outbound helps satisfy that need. But another way that I address this is through my Conversational Selling podcast. A recent conversation with my colleague Liz Wendling, President of Liz Wendling Business Consulting and Sales Coaching left me considering her wise words: “Selling is the only way to stay in business.” Given the truth of this statement, the need for good sales skills is inexhaustible. One of a Kind Sales will continue to hone these skills to meet the needs of our clients.
At One of a Kind Sales, we love to sell and cold calling is our specialty. If your business needs help with this, give us a call at 908-879-2911.
