How To Implement A Simple Plan To Sell More Business In The New Year – Utilizing Telemarketing

Originally posted on December 30, 2015 as Start The New Year Smart – Sell More Business

How do you eat an elephant? What a silly question! Adult elephants range from 6,000 – 12,000 pounds – eating all of that would be a very large (no pun intended) and daunting task. But, hypothetically speaking, if you were to eat an elephant, how would you accomplish that?

One bite at a time, of course.

By the way, how does eating an elephant have anything to do with creating a plan to sell more business?

bitesizeelephant

How To Implement A Simple Plan To Sell More Business In The New Year

Generating 70+ new leads in a year might seem like an unrealistic goal, similar to eating an elephant. However, if you break it down into “one bite” increments, you will see how generating 70+ new leads is, in fact, a very obtainable goal.

To start, keep in mind the mentality behind “one bite at a time” is to keep the task at hand, in this case, generating 70+ qualified leads in 12 months, simple and manageable. With this mind set, you will be able to see the impact this method can have on your lead generation, appointment setting efforts, and ultimately, the ability to sell more business.

Here is how you do it:

January:
200 Start with 200 target prospect records (Don’t know how to build a prospect database? We can help with that – “Identifying Your Database for a Telemarketing Campaign”)
3 Make 3 call attempts into each record on average
8 Calling hours required each week to make 3 calls into 200 records (32 hours per month) – this is equivalent to 1.6 calling hours each business day, or 20% of your day
6 Lead opportunities identified in January (generally speaking)
February:
100 Add 100 fresh, new prospect records (300 cumulative prospect records for the year)
+ 100 Existing/prioritized prospect records that justify continued calling (assuming that 50% of January’s 200 do not warrant additional calls this month)
= 200 Total February prospect records
3 Call attempts into each record on average
8 Calling hours required each week (1.6 hours per day)
6 Lead opportunities identified in February
12 Cumulative lead opportunities identified YTD
March:
100 Add 100 fresh, new prospect records (400 cumulative prospect records)
+ 100 Existing/prioritized prospect records that justify continued calling (assuming that 50% of February’s 200 do not warrant additional calls this month)
= 200 Total March prospect records
3 Call attempts into each record on average
8 Calling hours required each week (1.6 hours per day)
6 Lead opportunities identified in March
18 Cumulative lead opportunities identified YTD

Do you get the gist? …We thought so. If you continue this discipline for April, May, June, July, August, September, October, and November, your December will look like this:

December:
100 Add 100 fresh, new prospect records added (1,300 cumulative prospect records)
+ 100 Existing/prioritized prospect records that justify continued calling (assuming that 50% of November’s 200 do not warrant additional calls this month)
= 200 Total December prospect records
3 Call attempts into each record on average
8 Calling hours required each week (1.6 hours per day)
6 Lead opportunities identified in December
72 Cumulative lead opportunities identified YTD

In conclulsion

There you have it, the results of a disciplined approach to the new year– 72 leads in 12 months and now you are a sales pro! As with any lead generation project, some of these will not work out, but the game of numbers tells us a good amount will convert into proposals, then become new customers for you. Additionally, you will have developed a great database (pipeline) of future opportunities.

Lead generation and appointment setting isn’t as bad as you might have thought. By the way, how did that elephant taste?

Kaitlin Dunlap Cuevas – kaitlind@dunlapmarketing.com – 281.496.9870 x180

The Best Way to Make Cold Calling Work

Throughout Dunlap Marketing’s 22 years, there is one question we are very accustomed to hearing – what is the best way to make cold calling work? While this sounds like a simple question, it’s not always a simple answer.

The Best Way to Make Cold Calling Work

The truth is, cold calling absolutely works; however, as with any marketing campaign, cold calling works best when used in conjunction with other forms of marketing (ie: email, social media, etc.).

To dig deeper and to get more specific, cold calling works best with a strategic plan. Let’s play a quick game –

Would you rather spend your marketing dollars calling into random companies who may or may not (likely, not) be interested in your product / service OR would you rather spend that same money calling a customized list of companies who match your target prospects? I think I can guess your answer to this question.

Hungry for more on how to build a database?

How about this – would you rather spend money and time calling into prospects without a clear direction for your call OR would you rather spend time and money having productive conversations with prospects, always having a defined next step? Again, I’m going to assume you’d prefer the latter! And if not, why in the world are you wasting your time reading this article?!

Trying to figure out how to write a telemarketing script? We can help with that! 

In a nutshell, the two best ways to make cold calling work are to incorporate it as one component of a larger marketing campaign and to approach it with a strategic plan.

For more information, please reach out to Dunlap Marketing.

Contact form

Mike Dunlap – miked@dunlapmarketing.com – 281.496.9870 x. 140

Kaitlin Dunlap Cuevas – kaitlind@dunlapmarketing.com – 281.496.9870 x. 180

Measuring and Analyzing

ARTICLE #6 IN A 6 ARTICLE SERIES

Congratulations! You’re at the point in your telemarketing campaign where it’s time for measuring and analyzing the results. It’s taken a lot of work to get here – you have identified your database, written your script, role played with the script, started calls, and followed up as necessary with your prospects.

Now, it’s time to take a step back and revisit the goals of your campaign. What were you trying to accomplish? Most likely, you were trying to uncover actionable events that can help you grow your business.

At the end of a calling campaign, it’s helpful to analyze your progress throughout the campaign.

Note: You don’t have to wait until the end of a campaign to analyze – it’s helpful to look at results and productivity at other points as well. For example, a few checkpoints are:

  1. After the first few hours
  2. The halfway point
  3. As you’re nearing the end
  4. Once you’ve completed the campaign

Keep in mind, if something needs to be adjusted, it’s better to know sooner versus later. This is why we suggest multiple checkpoints throughout the duration of a campaign.

 

To begin measuring and analyzing, first, compare your results with your goals. Did you achieve, exceed, or fall short of what you were hoping to accomplish? Why? What will you tweak for the next time?

If you have technology, you can pull reports that show exact numbers – the hours called, calls connected, the number of actionable events, etc. Analyzing and understanding these data points will help you with the success of future campaigns. However, while it’s important to look at these numbers, do not undervalue the callers’ thoughts and opinions. Reports show you numbers, while the callers can tell you more about how the calls were received and what they heard from the prospects.

The most effective analysis will include the data and feedback – this will paint the clearest picture of the campaign as a whole and give insight into the meaning behind the numbers.

In summary, most prospects make buying decisions when their timing is right and they have a need or pain with their current solution. The best way to capitalize on good timing is to establish the discipline to be calling on a consistent basis. Remember, a day you do not prospect will create a day in the future when you won’t have something to sell.

For questions and more information on telemarketing campaigns, contact Dunlap Marketing.

Mike Dunlap – miked@dunlapmarketing.com

Kaitlin Dunlap Cuevas – kaitlind@dunlapmarketing.com

Applying Salesmanship 101 Principles

An international oil and gas company, a two-year Dunlap Marketing client, has proven when it comes to selling, salesmanship 101 principals still remain. Dunlap Marketing provides an integral function of making prospecting telephone calls into business around the US that have large and medium fleets of vehicles. The objective is to schedule phone or face-to-face appointments with interested prospects and our client’s regional sales managers.

“You guys are on fire in my area! Two proposals went out this week from your leads.” – Mid-states region

Process:

  • Before calling began, Dunlap researched and built a national database consisting of our client’s target prospects, based on industry-type and fleet size
  • Once the database was built, Dunlap called to identify the person responsible for decisions relating to fuel card programs
  • Through tactful persistence, Dunlap makes ongoing telephone calls to communicate with this person – the goal being to learn how their company’s current fuel card program works and identifying potential interest in meeting with our client’s regional sales managers
  • Upon request of the prospect, the Dunlap team will email additional information about the program to prospects who want to learn more before scheduling an appointment
  • Throughout the course of calling, Dunlap adds additional database records to the master list. New records can come from either our client’s CRM or through additional research
  • The ultimate goal continues to be scheduling appointments, with a major focus on new business development

“Thanks for the leads Mike.  I sang your company’s praises last week at our national sales meeting.  I think your staff does a great job.” – Southeast region

Additional Value-Adds:

  • Maintaining CRM application to properly track / manage appointments we set
  • Blitz programs isolating certain events or markets that include a targeted initiative around selling more fleet fuel card programs
  • Internal, weekly product training for continuous education of the Dunlap staff

“Our sales manager was able to speak with all of the calls scheduled! AND one of them is likely to close a deal with us! Nice job!” – Marketing Manager

The success of this campaign is based on applying basic salesmanship 101 tactics. Proper planning, messaging, cold calling, strategic follow up calls, and use of email correspondence are the building blocks of selling.

For questions or inquires, contact Mike Dunlap at miked@dunlapmarketing.com, 281.496.9870 x 140 or Kaitlin Dunlap Cuevas at kaitlind@dunlapmarketing.com, 281.496.9870 x 180.