| Cold calling is a numbers game, just like all other lead generation activities |
|
|
|
| Written by Jim Logan | |
| Tuesday, 15 July 2008 13:37 | |
|
My previous post on cold calling led to a couple interesting conversations. While it wasn't much of a post, just a thought to consider, a couple off-line conversations that followed were interesting. A common objection to cold calling is rooted in it being a numbers game. The thought being you call and call and call until you get a response - living through one rejection after another until you receive a Yes. But isn't that how all marketing works? All marketing tactics are rooted in a numbers game. Cold calling is no different. If you have a revenue plan or quota, every lead generation and sales effort you engage in is based on the need to engage with a particular number of people, buying an average amount of products and services, to reach a given level of sales. Any sales manager who ever calculated sales cycles and close rations knows they're playing a numbers game - expose your lead generation campaign to a particular number of people within a given time to reach a certain number of sales opportunities within a reporting period. Whether you're using direct mail, landing pages, AdWords, blog traffic, print advertising, etc. you are playing a numbers games - you're looking for a percentage of response to generate a number of opportunities, based on a number of eyes which cross your campaign, to close enough business to retire quotas and meet the company's revenue plan. Cold calling is a numbers game, just like all other lead generation activities. Trackback(0)
Comments (3)
![]()
Direct contact with rejection
written by Nesh Thompson | Sales Performance, July 17, 2008
I absolutely agree with your article Jim. Every marketing effort is a numbers game, however most other forms of marketing don't involve direct involvement with those who don't engage with the marketing message. The human emotional need for affirmation is difficult in cold-calling situations because a person needs to directly go through a percentage of negativity which affects a person - that is why it is so disliked. Most other forms of marketing filter out most of the negative elements by appealing to needs and attracting response.
report abuse
vote down
vote up
Votes: +0
Direct contact with feedbak written by Jim, July 18, 2008
Nesh: Thanks for the thought...I agree. Rejection is a barrier to sales people wanting to call. No one likes rejection. I'd also offer - in my sincere experience - most sales people are poor talking to business people about their products and service from a business perspective...further hindering their desire to call.
There's something interesting about picking up the phone and calling 100 people versus mailing 100 letters: if both generate five responses, you learn nothing from the 95 who didn't respond to direct mail...you learn a lot from the 95 who didn't respond on the phone. Every call and conversation - no matter how productive or brief - becomes an experience to learn more about your offer and it's match in a target market and communication in a direct marketing effort. Food for thought. report abuse
vote down
vote up
Votes: +0
Write comment
|
| The end of my twitte... |
| The end of my twitte... |
| Three interesting th... |
| The end of my twitte... |
| Three interesting th... |
"A tremendous visionary, peerless communicator and gifted salesperson...one of the few "go-to" guys when you need real-world business advice."
M. Homman
"Jim has a unique ability to synthesize complex, technical offerings and articulate a market identity and message that effectively communicates and creates interest in the offering."
R. Hall
"Hiring Jim Logan was the smartest business decision I've made..."
J. Hawkins
The Pipeline