When Cold Calling, How Do I Determine How Much Qualifying Is Enough?
Nov 16, 2009 Cold Calling Tips, Prospecting, Cold Calling and Networking, Sales Coaching, Sales Training, coaching salespeople, cold calling, telesales
I received the following question from a salesperson the other day who was struggling when it came to qualifying his prospects during a cold call. He was looking for an effective way to best qualify his prospects and how to avoid wasting time when meeting with the wrong ones. What follows is his initial inquiry and my response, which I felt important enough to share with you, as many salespeople seem to be struggling with this very issue today.
That is, “When cold calling, exactly how much initial qualification is enough before determining the next step in my selling process? Do I do all of my qualification up front on the phone before scheduling a face to face meeting or do I wait until I meet with the prospect and then conduct a more robust needs analysis? How do I make this determination?”
Here’s the email I received:
“Hello Mr. Rosen,
I am a salesperson selling health insurance who is currently working on my sales system. My target market is owners of small businesses. I call them and set appointments from telemarketing leads. I have a script in which I use to set the appointment and qualify them, before meeting them face-to-face. I’d be curious to know what strategy you feel is best regarding my two approaches below.
First Approach: Do minimal questioning and qualification and just set the appointment. Then at the appointment, conduct a fact finder to find out their situation and what they like or don’t about their current health insurance plan. Then, set another appointment and come back with a proposal and recommendations. I will pre-close them on the first visit.
Or is this a better this way?
Second Approach: Call and qualify them and ask them all the questions over the phone to find out their current situation on this initial phone call. Then, I will bring the proposal to the first face to face appointment, recap what we discussed over the phone, explain the plan and try and make the sale. Pretty much try and make the sale on the first face to face visit.”
Here was my response:
The answer is – BOTH. There’s always a minimal amount of non negotiable qualification that must be done before meeting with a prospect. Then, when determining how much deeper you can go in your qualification, depending upon the situation it could go either way, so let the customer decide.
The IDEAL scenario is the second one you mapped out. And it’s all in the spirit of saving you your precious and limited time following up and meeting with people who you shouldn’t be meeting with in the first place. The cost of meeting with unqualified people is compounded exponentially because you’re not only meeting with the wrong prospects but you’re now losing time that you could have invested meeting with the right ones – the ones that your competition is meeting with.
Of course, there are those situations where the prospect simply doesn’t have the time nor desire to answer all of your questions during an initial phone call and at that point, it’s going to be a judgment call on your part. So, to minimize the risk of meeting with the wrong prospects and maximize your time when meeting with the qualified ones, what I would recommend is making a list of the non-negotiable qualifying questions that must always be asked, regardless of the situation, so that you get a baseline understanding whether or not this person is even a candidate for your product or service.
Here’s a great way to handle how much qualifying you can do over the phone and how to do it in a way that would encourage the prospect to spend more time with you during this initial telephone conversation.
Simply put, let the prospect decide. After all, people want to save as much time as possible and would appreciate any opportunity to be more efficient when it comes to leveraging their time. That said, the next time you speak with a prospect over the phone, use the following approach during your initial needs analysis/qualification process.
After asking them a couple of preliminary, non negotiable questions, deliver the following message.
“Mr./Mrs. Prospect, I know you’re busy and I want to respect your time. That said, I want to share two options with you that would save you some time when deciding what solution is best for you and whether or not there’s even a fit here. We could schedule a time where I can visit with you to learn more about your business and your objectives and then at that time, schedule another meeting where we could discuss my proposed solution, or, to speed up this process and avoid scheduling another meeting, we can continue our conversation now on the phone so that at the end of this conversation, you would have a very good sense as to whether or not I can deliver more value than your current solution is providing you and if it even makes sense for us to meet face to face in the first place. Which option would work better for you at this time?”
When you give people a choice and share with them the benefit of investing a little more time with you on the phone, you’ll find that your prospects are much more willing to do so. And if you’re saying that your prospects are, “too busy to spend more time with me” or “this won’t work in my industry,” I would challenge you to re-think whether or not this is truly your prospect’s objection or a costly assumption that you’ve created in your own mind. If this new marketplace has changed the way we sell and engage with our prospects, then the old rules of how we qualify and set appointments with our prospects much be challenged as well.
This win – win saves both you and the prospect time, while ensuring that you’re meeting with more of the right prospects.
Tags: cold calling, discovery, needsd analysis, prospecting, qualifying, sales, Sales Coaching, Sales Training, selling
Landslide Video: Respect Sales! A Day On The Links With a Prospect
Nov 12, 2009 Clients are fun. Case Studies in Sales and Leaders..., Prospecting, Cold Calling and Networking, Sales Training, Selling Advice, Videos
Landslide.com recently recorded a video for a series with the theme: “Respect sales.” The idea is to show how sometimes people think salespeople have it easy – they get to travel, play golf, go on dinner outings etc. but the reality is far different.
So, what actually happens when a salesperson takes a prospect out on the golf course? Any good salesperson knows that deals just don’t fall out of the sky. Follow Landslide’s sales guy as he puts up with his difficult prospect and tries to close the deal. Click play on the video below.
If the video does not load, here is a link to the video.
Tags: funny, prospecting, sales, Sales Training, selling, video
To Tweet or Not To Tweet? If That’s The Question, The Answer is – Know Your Objectives
Nov 10, 2009 American Entitlement, Business Coaching, Business Tools, Communication, Marketing, sales tools
Follow me on Twitter here.
“Should I be tweeting, Keith?” This question comes up more and more when speaking with clients. Since there are several factors to consider when answering this, my response to this question are additional exploratory questions that guide a conversation to help individuals and companies determine whether it makes sense for them to become part of the Twitter universe or, twitterverse, which according to the urban dictionary is defined as, “The cyberspace area of twitter. This naturally extends beyond twitter.com to anywhere you can twitter, which includes cell phones.” (Yes, be prepared for more jargon and a new language.) Here are a handful of those questions:
1.“What do you already know about Twitter?”
2.“Is this something you’re setting up as a personal account or for your business?” (What are you using it for? Staying in touch, for fun, to achieve a certain goal or objective, to make money, etc.”)
3.“Tell me why you feel you want to/need to be tweeting?”
4.“What are your goals and expectations?”
5.“How much time do you have to devote to this?”
6.“If this is for your business, who will be doing the tweeting?”
7.“What message are you looking to deliver?” (Around your personal brand, corporate branding, certain theme or platform, marketing messages, notifications, events, special offers, attracting prospects, nothing specific, etc.)
8.“What results are you expecting?”
9.“How many followers do you want?”
10. “Who do you want to follow you?” (“How many people, what audience, why do you want them following you,” and so on.)
11. “How will this complement your current marketing campaign and align with your social media strategy and objectives?”
Once we siphon through the answers to these questions, we can then start mapping out whether or not it makes sense for them to invest their time tweeting and a strategy to go about doing so that would achieve their objectives.
I know it’s easy to get caught up in trying to get as many people as possible following you on Twitter, and social media is all the rage. (Just Google “social media” and you’ll get 203,000,000 results. Probably even more since this blog went live.) For some people, Twitter has become a downright obsession, an ego stroke, a validation, a need to be needed, a way to feel ‘connected.’ (I’ll have to address what ‘connected’ means in another blog.)
Sure, there are those people out there that have earned the bragging rights to say they have tens of thousands of people following them on twitter, but I can tell you this with great certainty, if you’re looking at it from the perspective of what the financial benefit or monetary impact could be and how much personal income has been generated, I wouldn’t run out to swap your W2 statement with most of them. That being said, there’s always the few exceptions.
Like any new strategy you’re considering adopting, if you’re looking at Twitter as part of your overall marketing campaign in order to leverage it as a social media communications tool, there needs to be a healthy balance between the quality of your efforts and the quantity of them. There’s no, “one solution.” What’s needed is a holistic and well balanced approach to utilizing a variety of marketing vehicles that would reinforce your brand, provide further exposure and put you in touch with your target audience which, collectively, would achieve your marketing objectives.
Just think of selling; if you look at selling as a numbers game rather than a science or strategic benchmarking process, you’re in big trouble. After all, you can have thousands of prospects in your pipeline but what are those prospects worth if they’re not a fit for your product or service? The costs are significant: time and money wasted on engaging with the wrong people multiplied exponentially by the time you are not spending targeting, calling on and following up with the right prospects.
Depending upon your goals and the responses to the questions I posed earlier in this blog, Twitter may certainly prove to be one very important spoke on your marketing wheel that’s worth leveraging (it’s been worthwhile for me), that complements the other marketing platforms you utilize.
To reinforce this point, here’s a short movie aligning the values of legendary Zig Ziglar and his son, Tom Ziglar with Twitter. In this movie, you’ll find some great, classic quotes from Zig Ziglar, as well as a handful of guidelines from Tom on how to leverage and maximize Twitter to your advantage.
And yes, I do tweet as part of my overall social media strategy. So, feel free to follow me on Twitter here.
Enjoy the new Ziglar Twitter Movie. Click here to watch.
Tags: cold calling, Marketing, prospecting, selling, tweet, tweeting, twitter
Smarter Selling: Tips for Today. Part Two of My Interview With Vince Thompson For Smart Planet
Sep 24, 2009 Interviews, Sales Coaching, Sales Training, sales tips
Managers: Get the new strategy that creates sales champions and wins more sales. Special event ending soon. Bonus materials you receive are still available! Find out here.
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Here’s part two of the interview I did with author and columnist Vince Thompson.
Read part two of the interview here.
Excerpt:
“Yesterday we debuted the first of this two part series on Smarter Selling with Keith Rosen. Rosen is a sales coach, author, speaker and has been recognized by Inc. magazine and Fast Company as one of the five most influential executive coaches. In part one of our interview Keith taught us about the power of questioning and going deep to close business. Today Keith takes us farther down the path of value creation while reminding us of the skills that really matter.
What are your tips for a tough economy?
I’ve decided (and many of my clients are on board with this as well) that it’s no longer as tough as it was out there. That’s right. Strip away what you hear in the media, and look objectively at what you can control; this one telltale sign that something in your selling formula needs to be developed, modified or redefined:
If there are people in your organization, even in your industry or profession who are currently performing like rock stars, that should provide you with one very critical insight. That is, it can be done because it is currently being done by someone else!
Here’s a very clear insight into one example of some general statistical information about the selling profession that will help you begin the process of fine tuning and developing your own data driven solution to increasing your sales.”
Read part two of the interview here.
Tags: Executive Coaching, Interviews, Sales Coaching, Sales Training, selling, training for salespeople
Fewer Customers? Sell Smarter. My Interview On Smart Planet With Vince Thompson
Sep 23, 2009 How To Sell and Sales Tips, Interviews, Sales Coaching, sales tips
Read the full interview here.
BOOK EVENT EXTENDED! Due to my book selling out and making #1 on Amazon, we’re extending this event! You can still get the book 34% off and the hundreds of dollars worth of bonus materials. More here.
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Here’s part one of the interview I did with author and columnist Vince Thompson.
Excerpt:
“Let’s face it. When the economy was rocking we had it pretty easy. They we’re buying. We were selling like crazy and so it went. Until it went. Now getting consumers to part with cash is like trying to pull the hood ornament off the new Dodge Challenger….while it’s driving!
Keith, tell us about your business?
Most of my time is spent working with sales and management teams or working one to one coaching, training and strategizing with sales leaders and executives. Whether that means helping managers develop the missing discipline of leadership and become better coaches through a management coach training program, or helping sales teams and salespeople reinvent and re-engineer their selling process and methodology. Most companies are leveraging me to support their two most important business initiatives today, which are acquiring and retaining customers.
To achieve this, organizations are recognizing the need to make their sales and management team more valuable than ever before. This is accomplished through better sales training and executive coaching. Businesses are finally realizing that in order for their people to sell more, it all starts with the way they’re managed. And the simple fact is, you cannot grow with what you already know.
How has selling changed?
Read the full interview here.
Tags: close more sales, interview, sales, Sales Coaching, Sales Training, selling
The Salesperson of The Future. Will They Truly Evolve and Be Different or Is it Just About Living It?
Jul 24, 2009 Career Advice, Sales Coaching, coaching for managers, sales articles, sales tips
During a recent interview, I was asked, “What does the future hold for the work force, especially for salespeople? How will the salesperson of tomorrow change or be different to adapt to the times?”
Of course, my visceral reaction was to come up with something so transformational and insightful that it would reshape the landscape of professional selling and salesmanship. But after I paused and thought more about this question at a deeper level, I realized this may not be truly possible. After all, when it comes to selling, outside of the apparent changes in technology that continues to shape the Sales 2.0 evolution, what has changed over the years? Is there really a new definition for professional selling? Read the rest of this entry »
Tags: definition of selling, Sales Coaching, sales team, sales tips, Sales Training, salesmanship, salespeople, selling
Podcast: The Danger of Pre-Judging Rather than Pre-Qualifying Your Prospects and Clients
May 1, 2009 Cold Calling Tips, Prospecting, Cold Calling and Networking, Sales Coaching, cold calling, podcast, sales articles, sales tips, tele-sales, telesales
Listen to the full podcast here
In this week’s podcast I discuss the difference between prequalifying and prejudging your prospects and clients. This is a critical distinction to get because if you’re prejudging them, you’re already creating a self imposed barrier to more sales and creating more selling opportunities.
To permanently eliminate any confusion, lets draw a distinction between what it means to pre-qualify and pre-judge someone such as a prospect. If you read my cold calling book, you know that I’m a strong advocate of pre-qualifying anyone before you invest your very limited and precious time in meeting with or speaking with them.
Conversely, pre-judging someone is something you do that shows up in the filter or barrier you have in your listening.
Here’s another way to distinguish between the two. When you are pre-qualifying someone you are arriving at a conclusion that determines whether or not there’s a fit worth pursuing based on a defined set of criteria you uncover through the use of well crafted questions.
Pre-judging said simply, is all about you. Here, you are relying on your faulty and costly assumptions, thoughts and beliefs to determine their needs and whether or not this prospect will potentially buy from you.
When you pre-judge someone you’re making assumptions about them before you ask any questions or uncover any facts.
When you pre-qualify someone, you’re asking questions to uncover their unique and specific needs without making any assumptions so that you can determine very quickly if there is in fact, an authentic fit worth pursuing.
Listen to the full podcast here.
Tags: cold calling, prospecting, sales, Sales Coaching, Sales Training, selling
The Sales Leadership Imperative! Webinar for Sales Managers Who Need To Increase Sales Today
Apr 10, 2009 All About Selling, Career Advice, Sales Coaching, Sales Management, accountability, coaching for managers, management tips, podcast, tele-sales, tele-workshop, webinar
Important webinar below for any business owner, executive and sales manager who’s top priority is to retain customers and bring in more business and more sales today.
The Sales Leadership Imperative! Webinar for Sales Managers Who Need To Get Their Sales Team Selling More Today
DATE: Thursday, April 23, 2009
TIME: 1:00 PM - 1:45 PM Eastern Standard Time
LOCATION: Your Phone or Computer – Live Webinar!
Presented by: Jonathan Farrington & Keith Rosen
Space is limited. Reserve your Webinar seat now here.
For more information or to register click here.
FACT: There has never been a more critical time for sales managers to impact sales and lead from the front.
FACT: The majority of sales managers are simply not equipped with the right skills and tools to do so.
Most sales professionals, in practically every industry sector are struggling to meet sales quotas. And as some look ahead, there appears to be no light at the end of the tunnel. The reality is, there are still plenty of opportunities to better retain existing clients and acquire new ones but the rules of engagement have changed – possibly forever.
Sales leaders, who have recognized these changes, are re-educating themselves and their sales teams by adopting a totally new approach to selling as well as leading their team and as such, are forming a new type of sales culture. To drive positive, measurable change and keep their competitive edge, managers must learn how to quickly and effectively coach, motivate and retain their top producers while turning around the underperformers.
Join me and Jonathan Farrington, one of the foremost sales team development experts in the world – for this hard-hitting session. This event has been created specifically for sales leaders who have 100% commitment to doing whatever it takes to elevate their sales team to a whole new level so they can start selling more today.
We will highlight how you can:
• Leverage your personal strengths as well as the hidden talents of your team
• Utilize a proven coaching model to impact performance immediately.
• Engage in daily revenue-generating activities and stop doing the things you shouldn’t be doing in the first place
• Master the language of leaders, to get people into action without resistance
• Develop the infallible confidence of a true champion to model what you want your people to achieve
• Recruit, retain and motivate your top producers and turnaround underperformers
• Turnaround or terminate an underperformer in less than 30 days.
For more information or to register click here.
Space is limited. Reserve your Webinar seat now here.
Tags: leadership, sales, Sales Coaching, Sales Training, selling, webinar, webinars
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