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Strategic Guidance to Build Your Business
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Volume 3, Issue 6, July 2009
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"The Business Builder" is brought
to you by VSA, Inc. in collaboration with Rink
Consulting. VSA, Inc., founded by Valerie
Schlitt,
builds and implements B2B prospecting
programs for
businesses and professional service firms.
VSA has
a
team of professional telephone callers who open
doors to new business opportunities for VSA
clients.
Linda Rink, president of Rink Consulting,
specializes
in
B2B and consumer marketing and research. Both
Wharton MBA graduates, Valerie and Linda often
team together to help clients identify and
reach new
customers. In this newsletter, they share
some of
their business development insights.
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How To Make Cold Calling Work
by Valerie Schlitt, President of VSA, Inc.
Watch out for cold calling traps.
Here are just
a few
tips to avoid being caught: (Ask VSA to send
you
actual taped samples. They're great for
training.)
- Expect each call to be THE ONE to
produce the great appointment, even if you've
gotten
nothing for two hours.
Let's face it. Cold calling is a numbers
game. You can
make calls for two hours or even longer and
never
have any success. To a novice cold caller,
this is
demoralizing.
Seasoned cold callers know your luck can
change at
any call. If you want to make cold calling
work, expect
every call to be successful. This way, you
won't be
caught off-guard when the decision maker is
genuinely interested.
The Trap: Missing opportunities to set an
appointment because you've succumbed to boredom
and self-doubt.
How to avoid: Be positive on each
cold call
and don't take rejection personally.
- Make each call a conversation.
Never, ever read from a script when you make B2B
cold calls. Also, never memorize your talking
points.
Make each call sound as though it's the only
one
you've made that day. Sound fresh; change the
words
around for each call; ask questions; and by
all means
do not sound like a robot repeating a
script.
The Trap: Relying on a written script or
memorized lines because it's easy.
How to avoid: Change the words with each
conversation and never read your talking points.
- Avoid the prospect who begins to ask you
"rapid
fire questions."
Avoid being put on the defensive by prospects
who
have a series of questions that you answer
with one
word answers.
Instead, remark on how interesting a question
is and
probe if there is specific reason for the
question. This
way, you regain control of the conversation
and also
begin a dialogue.
It's important to never give all the answers
during the
phone call. This allows the prospect to make a
purchasing decision over the phone. You want the
prospect to set a meeting with a skilled sales
person.
The Trap: Letting your prospect take
too much
control of the call and giving away too much
information because you are intimidated.
How to avoid: Reverse the tone of the
call by
asking questions instead of providing one word
answers.
- When you finally set the appointment,
make sure
it's qualified.
Too many times cold callers set the
appointment, only
to learn later that the prospect was not the
decision
maker.
Be sure to ask the tough questions about the
decision
making process, whether the prospect has a
budget,
and how serious the prospect is about his
need for
the service. This is all part of cold
calling.
The Trap: Getting so excited that a
prospect
wants an appointment and completely
overlooking the
need to qualify.
How to avoid: Never consider the call
over
until you've qualified the prospect
completely; ask the
tough questions to deliver a qualified
appointment.
At VSA we make training tapes of Cold Calling
Traps.
You can hear a few of the tapes on You Tube
(www.youtube.com
) by typing in VSA Prospecting in
the search bar, or by going to
http://tgblogsite.co
m/tkdterry/
For a complete set, call or email
Valerie and
we'll
email you more "Powerful Cold Calling Tips."
They
make great training tools.
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VSA, Inc.
441 Station Avenue
Haddonfield, NJ 08033
856-429-5078
valerie.schlit@vsaprospecting.com
www.vsaprospecting.com
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Considering Online Surveys
by Linda Rink, President of RINK Consulting
A retailer asking for customer service
feedback, a
membership survey from an association - these
days
we seem to receive more and more requests to
fill out
online surveys. Not surprising, really.
They are quick
and inexpensive compared to mail or phone
surveys,
and they can provide valuable information
when used
correctly. Unfortunately, when used
inappropriately,
they can be a waste of time for both the
respondent
and the surveyor.
How do you know if an online survey is
the right
solution for you?
To start, here are five questions you
should
answer when doing any type of
survey:
- What is the purpose of the survey?
Why
are you doing it and what will you do with the
information you receive?
- Who is going to receive the
survey? Do
you already know specific individuals, or
will you have to
recruit or purchase names?
- How many responses do you need? Do
the results need to be projectable to a larger
population, or are you more interested in
individual
responses?
- How can you best reach your
respondents: in person, by phone, by mail
or by e-
mail? Do you already have the contact info,
or will you
have to research and/ or purchase
it?
- How can you get them to respond?
Are the
topic and questions easy to relate to and
understand? Or is the subject matter sensitive,
unfamiliar or irrelevant? Will you need to give
respondents an incentive?
Your answers to these questions will help
determine
whether an online survey is the best
methodology for
you. Here are some tips to help you
decide:
Online surveys work best when:
- Your survey is not more than 20-25
questions.
- Most questions are multiple choice, not open-
ended (you want finite answers; you don't
need to
probe for nuances).
- Respondents have a reason to respond
(e.g., they
know you, or you give them a good "WIIFM"
(what's in it
for me?)).
- The questions are, for the most part, not
difficult to
answer (if they are, a high percentage of
respondents
will not complete the online survey).
- And of course, you must have a "good"
(accurate)
e-mail list.
If an online survey suits your
situation, how
can you boost your response rate?
- Certainly, it helps if there a connection
between
the recipient and the sender, or at least some
recognition of who the sender is.
- A tangible "carrot" helps: to be entered
into a
drawing, or given something for free.
- At the very least, there should be a
"WIIFM" (what's
in it for me?) stated up front.
- Of course, the survey should not be an
overt sales
pitch.
- The shorter the survey, the better.
Consider telling
respondents at the outset how many questions
there
will be, or how long it will take to complete
the
questionnaire.
- Limit the number of surveys you send out
to the
same group.
- It goes without saying that you must
pretest the
survey before it goes "live."
One last consideration: Don't
get "sloppy" with your surveys just because
online
survey software programs make them relatively
easy
to implement. First, make sure that an
online survey
is appropriate. Second, take care in
developing the
questionnaire - or have a professional do it
for you.
Remember: you don't get a second chance with
your
respondents to "get it right"!
Have any questions or comments about surveys?
I'd love to hear from you at
lrink@LindaRink.com.
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RINK Consulting
1420 Locust Street, Suite 31N
Philadelphia, PA 19102
215-546-5863
lrink@lindarink.com
www.lindarink.com
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