Most people mistakenly believe that using telemarketers is limited in use to cold calling sales activities. But telemarketing can turn be used to turn many opportunities into business, there a literally hundreds of ways to do this but these are our Top 10 ways to use telemarketing.
ONE: Appointment Setting
Appointment setting is, always has, and always will be, a primary way that companies generate new business. Organisations usually place a great deal of emphasis on appointment setting, and also a significant proportion of their budget. Why do they do this? Because there’s no more effective way to close a sale than a chance to sit down with a prospective client in a face-to-face meeting. Appointment setting is a cost effective and intelligent use of telemarketers to generate new business for your organisation.
TWO: Seminar Booking
In recent years, telemarketing has proven itself to bring exceptional results for those individuals and organisations that deliver seminars. It doesn’t matter how good your seminar is; if delegates aren’t booking you’re losing out. Using a telemarketing team to book your seminars means getting the good news out to people that could greatly benefit from attending your seminars.
Working from existing mailing lists or cold calling people with industry links to the seminar subject or topic is a great way to put a telemarketing team to work for your seminars.
THREE: The Follow Up
Using follow up calls is a powerful and effective way to make the most of your direct mail or email marketing. The recipient has already had the opportunity to consider your offer by mail and now telemarketing offers a renewed chance to capitalise on that offer for both parties.
Follow Up calls can also be made after literature or sales enquiries, chasing up interested parties and converting prospects that may have otherwise dithered undecidedly about purchasing your goods or services from a brochure. Follow up interest by using a dedicated telemarketing team to convert interest into action.
FOUR: Market Research
One of the truly time-tested uses of telemarketing is market research, often used for product review and customer feedback. However, these days it can be used to cover a full range of quantitative and qualitative data collection.
Using the latest integrated technology, telemarketing interviewers can handle everything from small executive level surveying to mass nationwide customer feedback questioning. Doing Market Research via the telephone is a highly cost effective method of conducting large-scale market research and can cover vast geographical locations from a single base. Of course, given the right permissions, data gleaned from your market research telemarketing can be used to target the prospects for your next telemarketing campaign.
FIVE: Customer Reactivation
Your organisation should keep a record of all current customers and all those people that were customers but are not actively buying from you. Telemarketing is an effective way to reconnect with and reactivate your dormant customer database and using data that you already have in your systems. By using telemarketing, your company can win you up to 50% of your past customers back!
Outstanding invoices and missed payments can really cripple a business and hinder a company’s progress and development. If you’re struggling to recoup outstanding sums, then telemarketing can be an effective method of collecting what’s owed to your company. Working from a list of your debtors, a tele-collections team can identify individuals or companies that owe your organisation money and ensure that you have the correct contact details for them. If you then wish to take a payment, these can be handled through an automated system or passed through to your own payment teams.
SEVEN: Selling Advertising Space
When you’ve got space to sell, you can’t rely on people just coming to you. You need a team of dedicated telemarketers that can directly sell your space to the people that need to advertise. This isn’t simply cold calling; it’s designing a campaign to target those businesses and individuals that might benefit most from the opportunity to use your advertising space. A team of experienced telemarketers can target likely clients and more effectively approach hundreds of potential clients, rapidly improving your chances of new business generation.
EIGHT: Database Cleansing
The information in your database is quickly out of date. By using telemarketers to work through your data, you can correct, delete or amend the details of your existing customers, leads or prospects. By making sure that your data is up to date and accurate, you can increase the rate at which your sales staff can make sales. Data cleansing may also be a legal requirement in various industry sectors, so it also keeps your nose clean with industry’s regulators. Make your existing data work for you by purging useless existing data.
NINE: Lead Generation
Using telemarketers to generate leads means increased sales revenue and greatly reduces the amount it costs to make a sale. When you use telemarketers to generate your leads, you free up your sales teams to do what their good at – which is making sales!
TEN: Selling to Existing Customers
Last, but certainly not least, telemarketing provides a successful route to improving sales by selling directly to those that are already using your products or services. Existing customers are much more easily converted because you don’t need to convince them of your expertise, reputation or benefits.
With an existing customer, you can use telemarketing to offer extended service, upgrades and further features on something they’ve already bought, or offer them a completely new product or service. If the existing customer is happy with what they bought from you in the past, the worst that can happen is that they will simply reject your new offer. But since they were willing to listen in the first place, it wasn’t a hardship and you can still call them again in the future with new offers.
Telemarketing offers organisations of all sizes the opportunity to expand and develop their customer base with reduce costs and impressive results.
The phone rings. Your prospect is busy, but they lift the receiver, secretly hoping for an interesting opportunity to distract themselves from another daily task. As they answer, they hear a brief silence while the auto dialling system finds an available telemarketer to take the call. IF, and only IF you STILL have the prospect on the phone at this point - you must capture their attention, or risk wasting the chance to convert the captive listener.
At this point, 9 out 10 telemarketers make a mistake that lets the potential sale slip through their fingers. By making any one of the following TEN disastrous mistakes, you can squander important sales opportunities.
ONE: Failure to Introduce - You know the old adage ‘People Buy From People’. It’s vital to connect with the human being at the other end of the telephone, to communicate with them. If you begin your telemarketing call without properly introducing yourself, you will experience a long pause, followed by:
“Sorry! Who are you again?”
Having proven yourself incompetent of even the civilities of a basic conversation and being embarrassed by your mistake, you’re unlikely to turn the conversation around and sell the prospect anything at all.
TWO: Failure to Improvise – They say in the Military, that no battle plan outlives first encounter with the enemy. In other words, if you follow your pre-planned strategy, without being prepared to shift and adapt your tactics to your opponent’s manoeuvres, you’re dead meat.
The same goes for Telemarketing. You need the capacity to go with the flow of the conversation, rather than be restricted by a fixed script. The prospect may challenge you, they may attempt to distract and hinder you, you must be prepared to adjust your strategy and adapt your response likewise.
THREE: Pretending – One of the stupidest mistakes that a telemarketer can possibly make is to pretend to be someone they are not. They sometimes elevate their status or plainly lie about who they are and why they are calling. It may well work initially, you may get past the gatekeeper and you may even connect with the prospect. However, the moment that your prospect finds out the truth, your credibility will crumble and your chances of converting them into a sale will disappear.
FOUR: All Talk – Everyone has experienced the telemarketer that doesn’t even wait to hear if you are ‘Mr Jones’ before they begin force-feeding you their scripted rant. Does that technique EVER work? Telemarketing is not just talking, it’s also listening, and it’s communicating and connecting with a person. If the first time you give the prospect a chance to speak is after you’ve spent 30 seconds talking at them, consider the following words as the appropriate response from the prospect:
People like to believe that someone actually wants to hear their thoughts and find out how they feel. If you do all the talking, you’re simply cutting them out of a conversation that ends with the prospect making the desired decision.
FIVE: Getting Stumped – If you do not know all the possible objections to the prospect taking the desired action, you are not properly prepared to do your job.
Poor Telemarketers learn the top objections, but occasionally, a witty and observant prospect throws an objection or question at you that you’ve not covered in your weekly sales meetings. The weak telemarketer stumbles; they fumble the call, mumbling a feeble excuse. Another lead wasted. Preparation is everything; you can never do too much homework on the product or service that you are selling.
SIX: Cost Too Soon– A common mistake of the telemarketer is to start discussing price long before the prospect is ready to hear it. The greatest and most insurmountable objection is the cost.
If this topic is proposed too early, without the value being felt by the prospect, without the objections being fully and thoroughly dealt with, then you will scare away your potential sale talking about the cost too soon. It’s a matter of timing and it’s easy to make a mistake.
SEVEN: Missing the ‘Yes’ – Another common mistake of the incompetent telemarketer is a failure to engage the prospect in a positive chain of responses, in other words, having them say ‘Yes’.
The primary aim of the call is to set up that Yes Chain and make a sale. If you allow the prospect to set up a Chain of No, or you fail to stimulate the prospect to say Yes, you’ll struggle when the moment of decision arrives.
EIGHT: Fear of Asking The Big Question – If you’ve done your job well, if you know your business, you will not fear to ask for the sale. Professional telemarketers reach this point with the confidence of a job done well.
But inexperienced or incompetent telemarketers are often afraid of this moment. That’s patently ridiculous, if you’ve engaged the prospect in a Yes chain, if you’ve dissolved any objections, if you’ve helped them to imagine, consider and feel the value, all you need do now is ask.
The weak mistakenly make this part of the telemarketing conversation the most tense, uncomfortable moment for all concerned, seriously diminishing their chances of making the sale with yet another disastrous telemarketing mistake.
NINE: Eating – A telephone mouthpiece amplifies any sound that it picks up. This means if the telemarketer is chewing gum or eating, the prospect is treated to an audible irritation, projected straight into the brain through their ear. Not only is this a sign of gross professional incompetence, it’s rude. Plus, it’s very hard to make a sale with someone you’ve just irritated.
TEN: Time Wasters – This mistake refers to both the telemarketer and their prospect. Do not waste time on people who cannot buy. If you called a house and a ten-year-old child answered the phone, would you try to sell them something? Of course not! Don’t waste your time. Only connect with the decision makers. Otherwise, you’ll just be wasting your breath, and making another big mistake.
At Virtual Sales Limited, we ensure that all our staff are highly trained, so that they avoid any of the above mistakes, and represent your company on the telephone in a professional and credible way.