Podcast
Questions and Answers
What is the average success rate of cold calling (defined as acquiring new business upon new contact)?
What is the average success rate of cold calling (defined as acquiring new business upon new contact)?
- 10%
- 2% (correct)
- 20%
- 50%
How many times does it take, on average, to reach a prospect?
How many times does it take, on average, to reach a prospect?
- 12
- 3
- 5
- 8 (correct)
What percentage of B2B buyers accept meetings with a salesperson?
What percentage of B2B buyers accept meetings with a salesperson?
- 95%
- 60%
- 80% (correct)
- 90%
What percentage of salespeople make no follow-up calls?
What percentage of salespeople make no follow-up calls?
What is a potential advantage of calling outside of normal business hours?
What is a potential advantage of calling outside of normal business hours?
What approach is recommended when interacting with a gatekeeper?
What approach is recommended when interacting with a gatekeeper?
Why is it important to be respectful to the gatekeeper?
Why is it important to be respectful to the gatekeeper?
What is one of the key messages about gatekeepers in the text?
What is one of the key messages about gatekeepers in the text?
What is advised regarding honesty when speaking to a gatekeeper?
What is advised regarding honesty when speaking to a gatekeeper?
Which of these actions are recommended when you’ve been shut down by a gatekeeper?
Which of these actions are recommended when you’ve been shut down by a gatekeeper?
How can you show that you’re listening to a gatekeeper?
How can you show that you’re listening to a gatekeeper?
What is the main advice regarding giving a sales pitch to a gatekeeper?
What is the main advice regarding giving a sales pitch to a gatekeeper?
Which of these is NOT a recommended tactic for gaining access to a contact?
Which of these is NOT a recommended tactic for gaining access to a contact?
According to the content, what percentage of salespeople give up after 4 sales calls?
According to the content, what percentage of salespeople give up after 4 sales calls?
Why is it significant to task a gatekeeper to do something for you?
Why is it significant to task a gatekeeper to do something for you?
Flashcards
GK's kindness
GK's kindness
General Knowledge (GK) individuals are more helpful when noticing kindness.
Be honest
Be honest
It’s important to be mostly honest during calls, even if it's about sales.
Adapting questions
Adapting questions
Listen to the GK’s responses and adjust your questioning based on their feedback.
Persistence in calls
Persistence in calls
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Using first names
Using first names
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Brief explanations
Brief explanations
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Follow-up appreciation
Follow-up appreciation
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Finding alternative routes
Finding alternative routes
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Best time to contact
Best time to contact
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Vary your messaging
Vary your messaging
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Gatekeepers (GK)
Gatekeepers (GK)
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Cold calling success rate
Cold calling success rate
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Follow-up calls
Follow-up calls
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Impact of perseverance
Impact of perseverance
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Treating GKs as resources
Treating GKs as resources
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Name dropping
Name dropping
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VITO (Very Important Top Officials)
VITO (Very Important Top Officials)
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Use humor
Use humor
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Networking events
Networking events
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Study Notes
Gatekeepers
- Cold calling has a 2% success rate, meaning only 1 in 50 attempts is immediately successful.
- Reaching a prospect takes an average of 8 attempts.
- 80% of sales require five follow-up calls.
- 48% of salespeople don't make a single follow-up call.
- 92% of salespeople stop trying after a single failed contact attempt.
- 82% of B2B buyers accept meetings with a salesperson.
- 80% of sales are made by 20% of salespeople.
- Up to half of a salesperson's time is spent interacting with gatekeepers.
- 72% of cold calls don't reach a human being.
Best Practices - Avoiding the Gatekeeper
- Bypass the gatekeeper using a warm introduction.
- Try contacting another department or individual.
- Try contacting during off-peak hours (10 AM - 2 PM, Wednesdays).
- Call during lunch hours.
- Make calls outside of normal business hours if possible. (VITO - very important top officials).
- Write a letter.
- Attend networking events,
- Use the "Chat the Bot" functionality.
- Utilize personal cell phones to bypass.
- Network with other marketers (DME reps).
Best Practices - Approaching the Gatekeeper
- Treat the gatekeeper as a resource, not an obstacle.
- If you don't have a name, call ahead to get one.
- Be respectful, mindful of their time.
- Maintain calm and steady demeanor.
- Be polite and confident.
Best Practices - Techniques
- Be honest, but avoid sounding like a standard salesperson.
- Avoid direct responses to initial screening questions.
- Ask the gatekeeper questions from their perspective.
- Don't start selling at this stage.
- Acknowledge and appreciate any help they give.
- Hand written notes are recommended.
- Adjust questioning based on gatekeeper's guidance.
- Practice in front of a mirror to build confidence.
- Persistence is key. 80% of successful calls require 5+ calls, but 92% of salespeople give up after 4 attempts.
Best Practices - Techniques (Continued)
- Show that you're listening by adjusting your questions appropriately;
- Task the GK to actively assist the process;
- Ask about the contact's availability;
- Use the contact's first name;
- Provide a brief explanation of your purpose without going into an elaborate sales pitch.
- Utilize LinkedIn and other networking tools to build connections.
- Give the contact information prior to your arrival (letter to VITO).
What to Do When You Are Shut Down
- Be gracious to the gatekeeper and request their assistance (if you were me, what would you do?).
- Conduct thorough research on the contact.
- Try alternative contact methods (snail mail, hand-written notes).
- Identify individuals who know your target and ask for their assistance.
- Attend or participate in any activities or organizations your target may belong to or be active in.
- Utilize the business' website's chatbot for meeting scheduling.
- Directly email the contact.
- Contact the target through LinkedIn or other social networks.
- Modify your contact methods depending on which strategy feels most appropriate.
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