Cold Calling Reluctance
Most salespeople I know consider cold calling
a dreadful, but essential activity in our profession. Even those who are good
at it rarely like it. Nevertheless, those who are successful in sales do it
regularly because without prospects, one does not sell anything.
If you hate cold calling to the point where you
won't do it, you've got a serious problem. Let this go on long enough, and
you'll watch your commissions drop from low to zero as you lose your job.
If you truly hate cold calling to the point where
it is really hurting your sales, I may know one of the reasons why.
Where's The Pressure?
Too many salespeople take the bulk of the pressure
on themselves in the sale. We've been conditioned into it by a society that
teaches us that buyers shop, and sellers are there to "serve". You've heard
this before... "serve the customer".
In "serving the customer", we feel that we have
to do whatever they ask to get the sale. Some prospects act like bratty children
that just have to have their way. This can be quite annoying to deal with.
In letting this belief "serving the customer"
dominate our attitude towards buying and selling, we give up a lot of power.
It's kind of crazy if you really think about it. The prospect is the one who
does or does not have a problem to solve. Its not your problem - you are just
offering a potential solution.
If your prospect does have a problem to solve,
then it is his responsibility to solve it - not yours. What you can do is
help him figure out how to solve it, and offer your products or services if
they solve the problem.
When cold calling, you are looking for problems
that you can actually solve. How effective you are at cold calling is really
a matter of how effective you are at uncovering problems that you can solve.
It is *not* a game of how good of a "pitch" you can deliver over the phone.
If you plan your cold calling by trying to craft
the most interesting, exciting, and sparkling pitch to wow your prospects
into meeting with you, then you are putting way too much pressure on yourself.
This may just be stressful for you, or it can even be disabling to the point
where you can't or won't do any cold calling.
I have a simple formula to take the pressure
off of yourself and put it where it belongs - on your prospect.
Cold Calling Formula
- Introduce Yourself, Your Company, and Your Results.
- Get Permission To Ask Questions.
- Ask Questions To Uncover and Amplify Problems and Opportunities.
Simple, huh? So simple, it may seem too easy.
The secret to the cold calling formula is how
you do each step. Here's an example:
"Hello, this is Shamus Brown calling."
"I am with Jupiter Financial Partners,
and using private equity, I help people get high investment returns without
the risk and volatility associated with the stock market.
"Do you have a few minutes to let me ask you
a few questions about your investments?
"What percentage did your investment's increase
this past year?
"Oh, they didn't increase... they declined
by how much?... hmm, sounds bad to me, but I am not you - is that kind of
performance OK with you?"
This follows the simple format outlined above.
Introduce yourself and your company, and wrap that introduction with a statement
of the results that you provide for your customers. This is one of the keys
to making cold calling easier.
The only thing your prospect will likely hear
at the beginning of the call is your results. When you are cold calling someone,
you are interrupting them in some way. Their attention is elsewhere. When
they hear the results that you offer, you will get their attention IF they
are interested in those types of results.
Next, if they are interested in those results,
they will more than likely answer yes to your request to ask a few questions
and talk further.
Finally, you immediately get into probing for
problems, and amplifying the consequences. Once you are there, you will stir
up their motivation and desire to talk further about your product or service.
Stop using lengthy introductions in your cold
calling. If you get that slightly uncomfortable or nauseating feeling in your
stomach while delivering your phone "pitch", it is because your pitch is too
long. The longer your pitch is, the more you are "at risk" because you do
not know how the message is being received.
Shorten your cold calling opener to just the
essential results that you provide, and then get right into probing for problems.
You'll sell more this way.