Telemarketing tips?

Hello everyone,

I have just started as a Freelance telemarketer for a Financial Planning company who specialise in pensions. I am cold calling business owners and directors and offering them a free pension audit - I am not selling them a pension. Its a great service - our expert visits them at a place of their choice, takes some details then goes away to produce an in-depth report which proves to them they can make the money they have already invested in pensions work harder without having to invest any more money. Its a no obligation service but so far I am not getting much response from people I call. Can anyone offer me some tips please? I would be most grateful of any help and advice especially if you have experience of telemarketing in this industry.

Thanks
 

gary

Free Member
Feb 9, 2003
819
3
London
Hi, and welcome to the forums!

I suspect the biggest problem is that nothing is ever free, and everyone knows that. Whether that's true or not is irrelevant - it's what people believe. If they could fill something in online or over the phone at their convenience then you may get a better response, but most people of wary of allowing a salesperson to get too close. The other thing is that a lot of companies use "surveys" to sell their products by cold-calling and saying they're just doing a survey and then later on they try to sell you something. Chances are this is the feeling those people are getting.

That's purely my perspective of the person you're calling, but I may just be overly cynical! ;)

Gary
 
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A

akhtarkasia

i agree with gary.

In past i have tried my hands on cold calling with www.pennpaper.co.uk And most companies/people didn't want to know.

Same way when someone rings me i just put phone down. They are classed as a nuisance calls.

Word of mouth is best sales generating lead.

When i did succeed in arranging a meeting i used to offer extra discounts in exchange for three positive leads. And believe me it did work and it stil works for me.

Akhtar
www.pennpaper.co.uk
 
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SillyJokes

Free Member
Jul 26, 2004
4,585
596
I certainly wouldn't give you a chance to get a foot in the door. I am aware that anything free comes at a cost.

I'm not on the business telephone preference lists because on rare occasions I do want to hear from relevant people with a good offer, but something for nothing? It's too good to be true.

I want to hear the bottom line fast, I don't want to have to commit to an afternoon of my time being 'sold' by a saleman. It's just not going to happen.
 
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paula g

Free Member
Apr 26, 2003
11
0
london
Hi there, what you are describing is cold calling, however much you dress it up as "helpful information" or "free in-depth report". Putting aside the fact that it's a rare person who enjoys being cold called, it's also unlikely to drum up the right target for you - i.e. you're more likely to attract people who just want the freebie attention and won't fork out for anything in the end.

Persmission marketing means asking people if they're interested first - but make it something that you send to them, perhaps an article on pensions. That way you only hook people who do have an interest and it saves both your time and theirs. When you later chase them up to see if they found the article interesting - then you ask if they'd like a more in-depth report on their own circumstances.

However, this may not be what you want to hear as it takes a much longer to get to where you want!
 
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mobyme

Free Member
Jan 12, 2004
2,556
758
N.Wales
Telemarketing, Cold calling; call it what you will, is still an incredibly effective tool, if it's done properly. The problem is, that it is rarely done well which is why so many people have hang-ups about it. Cold calling is being pro-active and the vast majority of business minded people appreciate that. http://www.4directsales.com have an excellent course available.
 
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autolycus

Free Member
Mar 4, 2005
255
0
Brentwood, Essex
I would echo what others have said about cold calling in general.

However, your other potential problem here is that "pensions" is seen as a bit of dirty word nowadays.

Thsu you have got two hurdles to get over - the fact that you are a cold-caller and the fact that you want to talk about pensions.

Maybe you can reword what you are saying to focus on "retirement planning for company directors" or something like that?

Dave.
 
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Barry,

hi there.

'Prospect Profiling' is a marketing term that basically (in lay terms) means you take a big list with loads of people you think you should call then interrogate the list to see which are the type of companies that are more likely to buy the services you offer by looking at things like demographics of the business, purchasing/sales trends etc. Some companies call this a 'propensity model'*

Once this has been done for the companies on the list you can segment the list into ranks of customers who you think are most likely to look more positvely on your call... to build a 'most likely' or 'least likely' list.

All this falls under the general name of 'Database marketing'... I might make this the first subject of my monthly marketing newsletter (yes I am finally doing one for my site!) :)

I have tried to explain this in general terms as otherwise I start to confuse myself. If anyone wants more info on database marketing or how to get it started in your business, send me a PM.

*who said marketing people talk a load of old bo11ocks!
 
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mobyme

Free Member
Jan 12, 2004
2,556
758
N.Wales
Re: Prospect profiling. One of the fastest ways of cleaning up a database; so that it only contains realistic prospects is to qualify them by giving them a call. Yep, your back to cold calling, but as I said earlier. It has to be done properly or it is regarded as an intrusion.
 
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daveashton

Free Member
Apr 14, 2004
692
1
Scotland
mobyme

Thanks, that explains the basics.

Yetis , have you done this before?

Now Prospect profiling

First of all identify your TMUP ( Target market user profile), the better you do this the better the results will be oh and though by the sounds of it your service can be sold to a wide range, we would strongly recommend that you go for the easiest targets first and invest your profits to expand further.

Next

get you TCM/ CRM system in. This is your sales database i.e. act goldmine, telemagic etc.

Now customise the fields for your own business based on what information it would be perfect to have before you spoke / met someone.

Next

Get you’re naming system right i.e. is it the Scotsman, Scotsman etc. ( the highest number of duplicate records is 8 for the same company)
Make sure you have no more than 4 fields in a drop down menu. ( this is v important and key for marketing)
Change your mindset with the suspect from if to when you will bid for the business.
Make sure that all records have an action. Remember every time you complete an action to make another one. ( Tip regardless of what it is make it a call so that auto rollover works!!!)

Now your options

Your objective is to fill in your prospect profile fields and schedule the action as required.

You can

1: outsource ( aprox £15.00 per hour)
2; Make the call as market research
3: call on behalf of your own company

Test market above if unsure. Each sector and target market user profile is different so v hard to give clear advice


Now the first thing that will start to happen, is that every week you will start to have people to speak to who you know have:

1: a requirement
2: have a budget
3: Are looking NOW and not in 6 months
4: A better product / service focus

Now even though this creates good leads at the best time you also have another BIG advantage.

Based on your prospect profile data sent letters / emails that are very personal by searching on at least 4 data fields i.e. location / type of product/ service required, age, income bracket etc ( sorry I am guessing what your prospect profile would be here)

Repeat as above for promotions etc as required. Remember that because this is very targeted the response rates are a lot higher so spend some time getting the letter/ email right before you send it

Now that you have new clients get your referral program in place.

Last but not least.


Thank BIZAL and send us a big check ( money not as in size) :wink:
 
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W

Words of Magic

Hiya

It is human nature to believe, that anything being offered for free is worth little value, which is why its so important to sell the benefits of what is being offered...

To make a perfect sales call, you must put yourself in the mindset of the client. There are many factors to consider for e.g. the type of pressures your client maybe facing on a normal working day, the amount of staff they have to manage, the tasks they need to perform and the amount of outside influences they need to contend with.

Then they get a sales call from a complete stranger, they maybe bombarded with many similar calls each day.

possible solutions, I used in the telemarketing industry...

1. Preparation


Although team targets are set it is important that any individual in a target driven job set themselves goals at the start of the shift. Example, I will make 2 appointments before lunchtime. Once this has been achieved the individual should set a higher target for after lunch, e.g. 4 appointments.

This self-motivation will assist your performance and can be discussed with team leaders, so they can support you in reaching these goals.


2. Welcome


You only get one chance to make a first impression, make sure it is always a great one.

Be enthusiastic and warm, it is essential to introduce yourself clearly and make sure that you fully explain why you are calling. If the customer is unsure why you are contacting them, they may be hesitant in providing you with information or booking an appointment.

You must be confident and polite when on a call, if you hesitate and sound like a programmed robot, the customer will switch off.

Be polite, conscientious and bring parts of your own personality into the conversation. You are using the telephone so there is no opportunity for eye contact or body language – your voice is essential.

Therefore it is necessary to create that connection with within the first 20 seconds. Refer to the customer as Mr/Mrs or Sir/Madame. During the call you will probably be able to call them by their first name.


3. Listen


Really listening to the customer will allow you to pick up on clues for sales or appointments.

By establishing the customer’s needs, you can help meet their demands; this can be applied to inbound lines as well as outbound. You are the professional in the relationship and by ringing you, the customer is asking for help.


4. Honesty


Customers have a strong need to feel they can trust and have confidence in service – givers and their organisations. This is especially true today because so many customers have been victims of broken promises and poor services.

These apply to customers in general, use the information to your advantage and understand and determine which needs are most important to the customer.

You do this by asking those questions to determine what their primary needs are and by actively listening to what your customers tell you and how they say it.



5. Close and exit



• Once you have all the relevant details, close the conversation politely and move onto the next call.

• Being passive and unprepared will not achieve the sale or appointment. Similarly pushy and aggressive or untruthful will not be successful.

• Successful telemarketers/appointment setting etc need to see themselves as supportive, empathic and friendly to the customer but crucially controlling the call, leading the customer to see the benefits they obtain by saying “yes”.


Note:Objections are usually raised when unanswered questions are floating around in the customers mindset and try to listen more to them than talk.

Note 2:Remember sell the appointment, dont try and sell the products or services.

For more information, just leave me a message.More than willing to share more insights from my book while I was working in the telemarketing industry.
 
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