05 Cold Calling
05 Cold Calling
05 Cold Calling
Till Date
Week
Area to Cover Contents
Introduction to course outline and semester plan, Importance of sales and
1 Intro dynamics of sales management
Make the commitment, the six stages of selling (Victor Antonio)
Development and the role of selling in marketing (Characteristics Of Modern
Selling, Types of Selling, Role of Sales management, Success Factors, Relationship
2 Sales Setting Between selling and marketing)
Selling and Sales management By David Jobber 7 th Ed
Sales Strategy (IMC, Sales channels, distribution networks, management of value
3 chain networks and alternate sales modalities, Territory Management)
Sales management by Richard Still, 5th Ed
Sales strategy (An overview of marketing plan, components of marketing plan,
4 overview of imc, IMC and its use for enhancement of sales volume)
Sales Strategy Selling and Sales management By David Jobber 7 th Ed
Sales strategy (Adjustments in promotional mix with reference to advertisement
and personal selling, sales promotion strategies, brand activation campaign and
5
alternate sales modalities
Selling and Sales management By David Jobber 7 th Ed
Response Block selling (Selling the room, being consistent, R.I.P. overcoming
6 objections, Response block structure, Objections and response)
Tactical level (Victor Antonio)
Response Block selling (Objections and response)
7
(Victor Antonio)
8 Mid Term Exam
Wee
k Area to Cover Contents
Cold calling (Sales and Time management, Sales call reluctance, persistence by the
numbers, types of prospects, the tease and squeeze, the poke and prod, putting it
9 into practice, when to move on, is cold calling effective: calculating the net-present
and future value of a prospect)
Tactical level (Victor Antonio)
Start Selling (Bridging the sales gaps, the S.T.A.R.T. System, Situation Q’s, Trouble Q’s)
10 (Victor Antonio)
Start Selling (Amplify Q’s, Reward Q’s, Consistency theory, Tie-Down Statements)
11 (Victor Antonio)
Key account management (Advantages and dangers, criteria for selecting key account,
12 Strategy task and skills, modern trade and general trade retailers and merchandising) Selling
and Sales management By David Jobber 7th Ed
Sales forecasting (Planning and methods for sales forecasting and budgeting)
13 Measurement Sales force evaluation) Selling and Sales management By David Jobber 7 th Ed
& Evaluation Sales forecasting (setting standards for performance, measures of performance,
14 achievement of sales quotas and targets) Selling and Sales management By David
Jobber 7th Ed
15 Project Presentation
16 Project Presentation
17 End Term Exam
• In the world of Sales one thing that will never
change no matter what so ever the type of
product or service you are selling
?
Which thing is required the most to do Sales of
any type
?
Sales Responsibilities
Primary responsibility is to conclude the sale
successfully
Secondary Responsibility
• Prospecting
• Database and knowledge management
• Self-management
• Handling complaints
• Providing services
• Identification of customer needs
• Presentation and demonstration
• Negotiation
• Handling objections
• Closing the sale
Six Stages of Selling
Stage 1 – Prospecting
Stage 2 – Qualification
Stage 3 – Investigative
Stage 4 – Presentation
Stage 5 – Pricing
Stage 6 – Closing
Prospecting
• Search search search
• How do you prospect for a job
• Prospecting is more important in
B2C B2B
Sources of prospecting
?
Sources of prospecting
• Existing customers
• Trade directories
• Yellow pages
• Enquiries
• The press and internet
• Cold canvassing
Prospecting
• If you don’t prospect your business will
eventually fail.
?
• You can have the finest of clothes, the best
sales gear and script that money can buy, but
unless you have a well-maintained
prospecting engine, all the above doesn’t
matter
Self-management
• What is self-management?
• How do you self-manage you?
• How do you self-motivate you?
Self-Management in Sales
• Organise your call plan
• Dividing territory into sections to be covered
day by day
• Deciding the best route
• Make the targets manageable within a day
time
• Call frequency (according to potential clients)
2003- Tim Connor’s book Soft selling
1. 10% on Prospecting
2. 23% on Sales Presentation
3. 15% on Service
4. 30% on Administration
5. 20% on Travel
6. 2% on Self-Improvement
Time Managed by good sales persons
1. 45% on Prospecting
2. 10% on Sales Presentation
3. 20% on Service
4. 5% on Administration
5. 10% on Travel
6. 10% on Self-Improvement
Types of Prospecting
• Buyer Initiated
• Referral
• Seller Initiated
Cold Calling
Sales Call Reluctance
?
Sales Call Reluctance
• Fear
1. Cold calling
Or
2. The possibility of not being able to be financially
independent that much more
Persistence by the Numbers
• How many calls
National Sales Executive Association survey
?
How many sales people actually make that
5th call
• 48% of salespeople quit after the 1st call
• 25% quit after the 2nd call
• 12% quit after the 3rd call
• 5% quit after 4th call
• 10% made that 5th call or more
• Almost 80% of the salespeople gave up after
the second phone call.
?
1. Sales people some time are obsessed with
their own product that they assume that the
client is also into it……
2. Clients today are inundated with product
pitches and advertising messages.
?
Types of Prospecting
• Buyer Initiated ?
• Referral ?
• Seller Initiated ?
Types of Prospecting
Types of
Prospecting
Buyer Initiated Easier Low sales resistance and high
sales acceptance since the buyer
knows what he wants
Referral (warm Moderate Some sales resistance and some
lead) sales acceptance since you came
highly recommended from a
trusted friend
Seller Initiated Difficult High sales resistance and lowest
sales acceptance
What is important in Sales
?
Keep the funnel filled
Here I want to emphasize
• Selling is an art…………..
• You learn it by doing…….
I would like to ask
• What did you learn first
– ABC or Words
– Words or Sentences
– Standing or Walking
– Walking or Running
• In Sales its important to understand the steps first.
• After knowing each than you can have the ability to
adapt to any situation
Seller Initiated
?
How to Sound natural from a Script
• Memorize the words
• Add tone
• Add voice inflection where appropriate
• Adjust your verbal speed to match the
prospects
While singing a song from a Script
Do you think
?
Intro
• Greetings
• Benefits
• Request
• Now complete your Script
?
Step 2: Having an Objective
Some common objectives
• I just want to gather information
• I want to build rapport over the phone and start a relationship
• I want to get to know their management team
• I want to understand how the organization works
• I want to learn more about how the buying process works
• the big one, I want to introduce them to our company and what
we offer
These objectives are fine, but the won’t help you move closer to
making a sale
These objectives are very vague and don’t require the prospect to
make any commitment to advancing the sale.
Objectives
1. Advancement objectives
2. Continuation objectives
• Continuation objectives
– Gather information from the client
– Understand how the buying process works
– Build a relationship
If it is No……….
Is it Good or bad
Step 3: Scripts for Getting the Appointment
?
Brush-Off Number 1
“I’m not interested.”
• When most salespeople hear this response, the
automatic reaction is to say, “Okay” and hang
up the phone. Instead of doing that, try this
quick flip:
• “A lot of people have that initial reaction when
I first call before they’ve have a chance to see
how this could benefit them, which is why we
should get together. How does (date/time)
sound?”
Brush-Off Number 2
“I’m too busy right now”
?
Brush-Off Number 2
“I’m too busy right now”
• I don’t have time!” Here’s how you’re going to flip
that excuse into a reason for having a meeting.
• “Mr. Prospect, I can appreciate how busy you are
right now. The only reason I was calling was to
set up a time for us to meet when you’re not so
busy. Would (date/time) be good for you?”
• Notice that all you’re doing is using their reason
for not wanting to meet with you as the very
reason they should.
Brush-Off Number 3
?
Brush-Off Number 3
“Just fax me the info.” Or simply,
“Just send me the info and I’ll review it and keep it on file.”
• People who do sales for the first time are naïve enough
to believe that they really wanted info so they could
review it. So, they would stuff brochures into an
envelope, take it to the post office to mail, and then
wait a week before I followed up. The results? usually
heard are as follows:
• - “I never received it. Could you send it again?” - “I
haven’t looked at the information. Call me in
• another week or so.” Or my all time favorite,
• - “Who are you again?”
Brush-Off Number 3
• “Mr. Jones, you know as well as I do that by
the time it gets faxed (or arrives), it’ll be
forgotten. Let me stop by and spend just a few
minutes showing you (benefit). How does
(date and time) sound?”
Brush-Off Number 4
“I don't have the budget for anything right
now.”
Brush-Off Number 4
“I don't have the budget for anything right
now.”
• “I understand. Many of my clients tell me the
same thing. I just want to show you how we
can (here’s where you reiterate the benefit
that you offer) down the road. How does
(date/time) sound?”
Brush-Off Number 5
“We're currently using someone else and we're happy.”
Brush-Off Number 5
“We're currently using someone else and we're
happy.”
• “Great. In talking to other companies similar to yours,
we found that our products are a good complement to
what you’re using. Now, I’m convinced we should get
together. How does (date/time) sound?
• “That’s good to hear. Other companies who use that
product told us the same thing. But they also told us
that having an option in case of an emergency is
always a good thing, which is why we should get
together. How does (date/time) sound?”
Brush-Off Number 6
“I need to think about it.”
Brush-Off Number 6
“I need to think about it.”
• “That sounds like a good idea to me. In the
meantime, let’s go ahead and schedule a
meeting. Would you like to meet on (date) or
(date)?”
• “The best way to think about something is
having all the facts in front of you, which is
why we should meet. When would be better
for you, (date) or (date)?”
Brush-Off Number 7
“We've had a bad experience working with outside companies like yours.”
Brush-Off Number 7
“We've had a bad experience working with
outside companies like yours.”
• “That’s unfortunate and I want to assure that
it never happens again, which is why I
definitely think we should get together. How
does (date/time) sound?”
• Here’s a sales influence tip on getting the
client to say “yes” to your request. Studies
have shown that when you ask someone for a
commitment, (in this case to meet with you),
the farther the date is into the future, the
more likely the person is to say “yes”.
Some times a prospect wants to know a little
more before agreeing to meet with you
Now what to do