If you are in telesales, how can you be both buyer-centric AND productive?
For telesales groups that target the SMB segment (Small, Medium Business), the dynamics are very different than in pursuing large mid-market or enterprise accounts.
In targeting the vast SMB market through lead generation, the challenge for telesales is to break into large numbers of accounts without the luxury of referrals or deep account insight.
The issue of minimal customer insight is problematic for both outbound cold calling and the telequalification of responders where limited profiling information exists. The issue is exacerbated by the demanding metrics set for telesales.
The recognition that the internet has enabled buyers to be in control of the buying process creates formidable challenges to telesales: how to be knowledgeable, consultative and bring value to the discussion.
For many organizations, the resources for telesales enablement may limited adding to the woes of telesales.
So what to do? How can you trade-off between efficiency and effectiveness?
Let's start with an example of what not to do:
For fun, try this out: ask the telesales rep why he/she believes that their solution is a good fit to your company based on their review of your website.
In contrast, my suggested approach digs deeper but still allows you to work on a shoestring lead generation budget.
Segment your List & Segment your Messages
By segmenting your list based on criteria such as size of organization or preferably, industry/vertical market, you will be able to use the power of mass customization.
A message using industry vernacular to articulate how your solution addresses industry pain points can be an effective door opener.
Although not as effective, as communicating to account-specific pain points, it can build credibility and give you the 'right' to ask more detailed, account questions.
Fact-Find Low, Call High
A year ago, Paul McCord, sales trainer, consultant and author, blogged about how he prospected. Paul's approach to sell his firm's services was to call 'low' into an account to discover pain points and potentially generate an internal referral to a senior decision-maker.
Then, armed with account insight, Paul calls to the decision-maker with stellar results.
To economize, this approach can be well-adapted to high volume telesales by interviewing only one low level contact prior to approaching the senior decision-maker and limiting the number of call attempts.
Use Trigger Marketing
Just as consumers who move through life stages, the buying cycle for businesses can be triggered by milestone events such as changes in the executive suite, mergers & acquisitions, office relocations, the bankruptcy of the vendor of an installed solution etc.
Lists that track these triggers are broadly available and also with such tools such as InsideView.
Overlaying this data onto your database can flag accounts that then can be batched and targeted by telesales.
Telesales faces very different pressures than field sales. Some of the above approaches are used by field sales in a similar fashion but the approaches described here reflect the unique requirements of the world of telesales.
Photo credit: Balancing act by theDQT
Link to original post
For telesales groups that target the SMB segment (Small, Medium Business), the dynamics are very different than in pursuing large mid-market or enterprise accounts.
In targeting the vast SMB market through lead generation, the challenge for telesales is to break into large numbers of accounts without the luxury of referrals or deep account insight.
The issue of minimal customer insight is problematic for both outbound cold calling and the telequalification of responders where limited profiling information exists. The issue is exacerbated by the demanding metrics set for telesales.
The recognition that the internet has enabled buyers to be in control of the buying process creates formidable challenges to telesales: how to be knowledgeable, consultative and bring value to the discussion.
For many organizations, the resources for telesales enablement may limited adding to the woes of telesales.
So what to do? How can you trade-off between efficiency and effectiveness?
Let's start with an example of what not to do:
Hi Mr. Lesser, I am calling today after reviewing your website. Our solution is well-suited to your company. It will help you save at least 10% in costs...The problem with this approach is that the sales rep is calling under false pretenses - hardly a way to build a rapport with a prospect. By their generic value proposition it becomes clear that the only thing customized about their pitch is the use of your name.
For fun, try this out: ask the telesales rep why he/she believes that their solution is a good fit to your company based on their review of your website.
In contrast, my suggested approach digs deeper but still allows you to work on a shoestring lead generation budget.
Segment your List & Segment your Messages
By segmenting your list based on criteria such as size of organization or preferably, industry/vertical market, you will be able to use the power of mass customization.
A message using industry vernacular to articulate how your solution addresses industry pain points can be an effective door opener.
Although not as effective, as communicating to account-specific pain points, it can build credibility and give you the 'right' to ask more detailed, account questions.
Fact-Find Low, Call High
A year ago, Paul McCord, sales trainer, consultant and author, blogged about how he prospected. Paul's approach to sell his firm's services was to call 'low' into an account to discover pain points and potentially generate an internal referral to a senior decision-maker.
Then, armed with account insight, Paul calls to the decision-maker with stellar results.
To economize, this approach can be well-adapted to high volume telesales by interviewing only one low level contact prior to approaching the senior decision-maker and limiting the number of call attempts.
Use Trigger Marketing
Just as consumers who move through life stages, the buying cycle for businesses can be triggered by milestone events such as changes in the executive suite, mergers & acquisitions, office relocations, the bankruptcy of the vendor of an installed solution etc.
Lists that track these triggers are broadly available and also with such tools such as InsideView.
Overlaying this data onto your database can flag accounts that then can be batched and targeted by telesales.
Telesales faces very different pressures than field sales. Some of the above approaches are used by field sales in a similar fashion but the approaches described here reflect the unique requirements of the world of telesales.
Photo credit: Balancing act by theDQT
Link to original post