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I just received this free report by the Dale Carnegie Training of Ohio and Indiana Team. It's chock full of goodness! Sorry about the weird ...


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Old 07-17-2008, 12:51 PM   #1
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robliano on Cold hard facts about Cold calling - Insurance Agent Forum
 
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I just received this free report by the Dale Carnegie Training of Ohio and Indiana Team. It's chock full of goodness! Sorry about the weird format.

13 Myths and Facts About Cold Calling

Cold Calling Myths and Facts:

1. The primary goal of a business-to-
Business cold call should be to
Schedule an appointment.

Fact. In our first encounter with a
Contact, we need to get a commitment to
Move the conversation to the next stage.
This means getting an agreement to do a
More in depth analysis to insure a good fit
For your services. Sales people often
Make the mistake of jumping ahead to
Selling their solutions when cold calling. If
By some chance, the contact is willing to
Spend more time with you initially, it
Simply means that you have succeeded in
Moving from getting your prospect’s
Attention to performing discovery and
Generating interest. Know your audience,
Know what you’re selling and know the
Purpose of the call with your prospect.

2. Cold Calling will generally produce
Much better results than referrals.

Myth. Referrals always have a higher
Closing ratio for scheduling meetings
And getting results. Prospects tend to
Trust the voice of a friend or someone
That they know over someone that they
Are meeting or hearing from for the first
Time. A referral can be that
Intermediary bridge to give you
Credibility in your prospect’s eyes.

3. Qualifying prospects when cold
Calling is not a high priority.


The focus should be to set as
Many appointments as possible.
Myth. Qualifying a lead saves time,
Gasoline and allows you to tailor your
Message. Be considerate of your
Prospects’ time and yours by making
Sure you have qualified the contact
Before taking the time to move to the
Next sales stage.

4. You should leave a message
When you get voicemail instead
Of getting the actual contact.


Fact. Never miss an opportunity to
Make an impression about you and
Your company. The media can be a
Standard letter, radio, your website, a
Podcast or a voicemail. Regardless of
The media used, the intent is always
The same; to get the audience’s
Attention and sell the next step.

5. Most sales people stop cold
Calling a contact after eight
Attempts.


Myth. Most sales people give up after
Only four attempts. On the average,
You will need to “touch” your prospect
Seven times before your message
Registers in their mind.

6. When you get past a certain
Number of cold calls, keeping
Records of your results becomes
Less important.


Myth. Keeping records is a part of
Efficient business management. It
Provides you with a record of what is
Working, what is not working and gives
You insight into the business trends at
Work in your industry. Remember, what
Gets measured, gets managed. And the
More awareness you have about the
Results you have achieved gives you a
Decided edge in your selling effort. Most
Sale people hate paperwork and keeping
Records. However, it’s the only way to
Find out what is working. And just
Because something works this year
Doesn’t guarantee that it will work next
Year, or next week.

7. You should always make friends
With the gatekeepers.


Myth. You should always be friendly with
The gatekeeper, but you do not
Necessarily want to be their friend. You
Have not earned the right. Also, they
May never have any contact with any
Decision makers in the company. Be
Careful believing that you’re making great
Progress when you could be wasting their
Time and yours. Be cordial, be respectful
And be friendly. However, remember why
You are there: to determine if your
Product or service is a good fit for their
Company.

8. If a prospect refuses to talk to you,
It’s probably personal.


Myth. We have no idea what is going on
In a person’s world when we call on them.
It’s critical to remember not to personalize
An encounter that has gone south.

9. Less information is better when
Leaving a voicemail.


Myth. Being prudent with your time is
Better when leaving a voicemail, but
You still want to leave as much
Information as possible. Twenty to
Thirty seconds is about as long as you
Can hold someone’s attention with a
Voicemail. Use the time wisely to get
Your prospect’s attention. Be concise,
Direct and clearly state your call to
Action as quickly as possible. Refrain
From using rambling fillers like, “the
Purpose of my call…” Remember that
Your contact doesn’t care why you
Called. They are preoccupied with
What is happening in their world at that
Moment. Get their attention and
Provide enough information to get to
The next step in the sales call.

10. Experienced sales people are
Past prospecting, and develop
All of their business from their
Current clients and referrals.


Myth. Over time, we all lo see customers
For a variety of reasons. Contacts
Move to other organizations,
Companies go out of business and
Sometimes our contacts just retire and
Start the next chapter of their lives.
Experienced sales people plan for
These circumstances and continue to
Look for new prospects through a
Number of vehicles, including lead
Generation, networking and cold
Calling.

11. Experienced professionals use
Scripts when phone
Prospecting.


Fact. Using scripts insures that we are
Using the right words to impact our
Contacts and keeps us on track with
Our call flow. Professionals practice their
Scripts until they have a call flow that they
Are comfortable using.

12. Cold Calling doesn’t have to be a
Constant activity. Once your
Business gets going, you should
Be able to eliminate it.


Myth. The majority of your business
Should eventually come from existing
Clients and referrals. However, if you
Stop prospecting, you’re missing valuable
Business opportunities. And as explained
In myth 10, your business will always
Experience a natural attrition. The only
Way to compensate for this attrition is to
Find and develop new business.

13. With all of the tools on the Internet
Used for lead generation, cold
Calling is a dead practice.


Myth. Lead generation is extremely
Useful for getting prospects to “raise their
Hand” and identifying themselves as
Interested in your product or services.
However, the telephone is still one of the
Best ways to enhance your
Communication strategy. The ability to
Introduce yourself and perform
Consultations over the phone gives you a
Competitive advantage. Also, if you’re
Conducting an onsite meeting with a client
In an office complex, strong
Communication skills will serve as a
Foundation, giving you the self confidence
To introduce yourself to new clients in that
Complex. It gives you a decided edge in
Your sales and lead generation.


Copyright © 2008
Dale Carnegie Training of Ohio and Indiana
5350 Transportation Blvd. Cleveland, OH 44125
P: 216.663.2500 Web: www.dcarnegietraining.com
All rights reserved.
Choose Insurance Type

Enter Zip Code
------------------------------------
Rob Liano
Sales Mentor & Success Coach

1.888.379.8315
http://www.rockstarsalestraining.com
www.insuranceturnpike.com
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Old 07-17-2008, 12:55 PM   #2
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moonlightandmargaritas on Cold hard facts about Cold calling - Insurance Agent Forum
 
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Re: Cold hard facts about Cold calling             Go to Top

I wonder what Frank Rumbauskas, Jr. would think???
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Old 07-17-2008, 01:01 PM   #3
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robliano on Cold hard facts about Cold calling - Insurance Agent Forum
 
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Originally Posted by moonlightandmargaritas View Post
I wonder what Frank Rumbauskas, Jr. would think???
I thought the same thing, too funny!!

Maybe cold calling sucks when you aren't trained how to do it. People are gravitating away from what really has worked and stood the test of time in sales in order to try to actually get away with working less.

Work smarter not harder isn't really working, is it? (Notice the double meaning, lol)

How did agents survive and sell before internet leads? I'm pretty sure some of them made some nice cash!!

Maybe they worked hard.


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Old 07-18-2008, 12:25 AM   #4
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Re: Cold hard facts about Cold calling             Go to Top

Interesting post. Do you use Dale Carnegie system regularly? What other systems do you like - SPIN, Solution Selling, Sandler, etc?
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Old 07-18-2008, 12:34 AM   #5
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robliano on Cold hard facts about Cold calling - Insurance Agent Forum
 
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I'm open to any recommendations.

I just got the book by Sandler (Kid, Bike Seminar) and I get many daily emails on sales, leadership and success and attend the seminars. Always get the Carnegie stuff, have attended a class or two over the years.

Success is a full time business right?

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Old 07-18-2008, 02:54 PM   #6
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xrac on Cold hard facts about Cold calling - Insurance Agent Forum
 
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State: xrac is an Insurance Agent from Indiana
Re: Cold hard facts about Cold calling             Go to Top

Originally Posted by robliano View Post
I'm open to any recommendations.

I just got the book by Sandler (Kid, Bike Seminar) and I get many daily emails on sales, leadership and success and attend the seminars. Always get the Carnegie stuff, have attended a class or two over the years. Success is a full time business right?
Let me know what you think about Sandler. Are you familiar with Bill Good or the One Card System? If so what do you think about these? I am currently listening to some old tapes by Bill Bishop I recently bought on Ebay "Bill Bishop's Gold Calling System of Teleprospecting". He was recommended on Topgunproducers but I think he is no longer active or alive since I can not find anything from him since 2004. Have you ever heard of him. These are pretty good tapes.
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Old 07-18-2008, 03:27 PM   #7
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JRoot on Cold hard facts about Cold calling - Insurance Agent Forum
 
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Re: Cold hard facts about Cold calling             Go to Top

Originally Posted by xrac View Post
These are pretty good tapes.
Tapes? What are those?
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Old 07-18-2008, 05:21 PM   #8
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robliano on Cold hard facts about Cold calling - Insurance Agent Forum
 
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Originally Posted by xrac View Post
Let me know what you think about Sandler. Are you familiar with Bill Good or the One Card System? If so what do you think about these? I am currently listening to some old tapes by Bill Bishop I recently bought on Ebay "Bill Bishop's Gold Calling System of Teleprospecting". He was recommended on Topgunproducers but I think he is no longer active or alive since I can not find anything from him since 2004. Have you ever heard of him. These are pretty good tapes.
It's so funny, I guess you never have enough or heard them all, I never heard of it.

Ebay rocks, I was able to get a bunch of back issues of SUCCESS Unlimited Magazine from the 60, 70s, Og Mandino's (Combined Insurance) magazine.
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Old 07-18-2008, 06:40 PM   #9
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xrac on Cold hard facts about Cold calling - Insurance Agent Forum
 
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Re: Cold hard facts about Cold calling             Go to Top

Originally Posted by JRoot View Post
Tapes? What are those?
These are the things that succeeded eight track.

Choose Insurance Type Enter Zip Code


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