Archive for December, 2011

The Best Way to Handle Internet B2B Leads

Saturday, December 24th, 2011

Online leads, especially those purchased from a high quality source, are an important resource, and need to be treated as such if you are to fully realize their inherent value.

Avoid the mistake of too many B2B sales people—that of handling the initial call as if the prospect has already decided to buy from you.

Buyers of business services are different from retail consumers, true. Business buyers do not generally waste their time browsing on a whim for call center services, for example. When business people begin researching a purchase, it is usually because there is a real need and they recognize the value these services will provide to their business.

On your initial call to a lead, however, it’s best to dismiss any preconceived notion that they will immediately set up an appointment with you. Even a well-qualified B2B lead is not a purchase order, and you can expect to encounter some resistance to being “sold.” Yes, the prospect has already demonstrated interest, but you still have some work to do in order to earn their time and attention.

First, scrutinize your attitude toward your prospect as it will come across in the way you speak to that person. Of course you definitely want to avoid referring to the person you’re speaking to as a “lead” or “prospect” during your conversation. Never say, for example, “I received your lead” or “I understand you’re in the market for…” Also, avoid using certain classic sales tactics that are now widely recognized and resented by buyers, such as assailing the person with a series of questions to which the only logical answer would be “yes.”

A much better approach begins with an attitude of helpfulness. You can disarm a potential buyer’s defenses by asking him or her to tell you why they began researching. Even if you already have some details about the lead, such open-ended questions demonstrate your interest in their needs, and their answers can provide you with additional valuable information. Once you have learned more about the prospect’s needs—and possible objections—you can begin to educate him or her about your solution.

If you don’t succeed in making an appointment on the initial call, do not despair. This is still a viable lead. Offer to send the person some information and say that you will be in touch to make sure they received it. This shows respect for their time and leaves the way open for further nurturing.

You have now established some familiarity and trust as a professional who will listen and provide helpful information. The next time you call, your prospect may be more open to setting an appointment, confident that you aren’t simply trying to “sell” them—and that the buying decision still rests in their hands.

Five Tips for Successful Appointment Setting

Wednesday, December 21st, 2011

Experienced B2B marketer Norman Campbell, in his B2B Lead Generation Blog, stated, “The secret to effective appointment setting is all about mastering a small number of basic, but nevertheless critical, techniques.”

Here are five important keys to successful lead follow-up and appointment setting.

  1. Keep your pipeline filled. And call each lead on a last-in, first-out basis. This will ensure you are contacting the freshest leads within the first five minutes, when they are actively thinking about and researching a purchase.
  2. Treat each pre-qualified lead as you would a cold call. This will help you to avoid being overly familiar or presumptuous, which can have an off-putting effect. If the prospect asks where you got their information, a simple reply is best. You might say, “We work with InsideUp to connect with businesses that are looking for information about our services.” By addressing the question and then moving on to discuss their needs and your solutions, you will keep the focus on how you can help them rather than on how you received their information.
  3. Be persistent. This is a key attribute of a good sales person. According to Campbell, “Quite often it will take a dozen or more calls to a single prospect to get a result. The experienced telemarketer knows this, and they will not discard a lead until they are convinced they have exhausted its potential.”
  4. Vary your calling times.  If your initial call fails to reach the person you need to talk to, try calling a bit before or after regular business hours. When the gatekeepers are less likely to be in the office, your call may be picked up by a company decision maker.
  5. Perfect your phone “presence.”  Your telephone manner is an important key to successful telemarketing. “You should sound as fresh and lively on your 100th call as you do on your first call,” advises Graham.  “Keep your tone sharp and lively.  Be pleasant and engaging, but without being in any way ingratiating or condescending. And, critically, learn to be a good listener. The hallmark of a bad telemarketer is that they seldom stop to draw breath. Rather than engaging with a prospect, they speak ‘at’ them, not ‘with’ them.”

Successful appointment setting involves continual fine-tuning of your telephone sales skills, but giving attention to such details will help you get the most from your leads.

Use Your Initial Phone Call to Create a Positive Impression

Saturday, December 17th, 2011

First impressions are important, especially when contacting a B2B sales lead for the first time.

During the first 30 seconds of your initial phone call, whether you’re speaking to someone personally or just leaving message, the person listening to your voice will begin to form an opinion about you.

You can ensure that opinion is a positive one by following these best practices on your initial phone call.

  1. Before you pick up the phone, take a brief moment to breathe deeply, relax and smile. When you’re at ease and feeling confident and friendly, this will definitely come through in your voice. Some salespeople make a habit of speaking on the exhale, energizing the sound of their voice. Keeping a mirror on your desk can remind you to smile when you’re conversing with a potential customer.
  2. Begin with an engaging introduction. Greet the person in a friendly manner, using their formal name if you know it. Immediately identify yourself, using your full name and title and the name of your company. Briefly state the reason for your call; your prospect will appreciate your respecting their time by getting right to the point. Follow the same procedure when leaving a voice mail, then clearly state your contact information or let the person know that you will email them your contact information.
  3. Focus on the call. It can be easy to get sidetracked during a phone conversation, and the person on the other end of the call will most likely know when your attention has been diverted. It takes discipline to eliminate distractions, ignore all other activity around you and concentrate on what your prospect is saying, but it is essential to do so.
  4. Concentrate on the prospect’s needs. In your enthusiasm for conveying the benefits of your services, it can be easy to forget to ask open-ended questions and then really listen to the answers, even taking notes. The information you glean from a two-way conversation will help you address their problems and offer solutions based on their needs.
  5. Always be professional. Regardless of how the conversation goes, you want to leave each potential customer with a positive impression of you and the company you represent. So always maintain a polite and professional demeanor and end each conversation on a positive note.
  6. Ask for an appointment. Complex B2B service contracts can be difficult to impossible to win on the initial call. Endeavor to set an appointment for a visit, and let the person know that you will call to confirm the appointment.
  7. Confirm your information and close strong. Thank your prospect for their time, briefly recap and reinforce your company’s potential for providing a solution to their needs and that you look forward to helping them achieve their business goals. Remember to say “Goodbye” and wish them a good day, allowing your prospect to hang up first, whenever possible.

Following these basic best practices for the initial phone call will establish a positive tone for future interactions and establish your company as a professional organization that your prospects will feel confident doing business with.

Responding to Online Leads with Email—Ten Tips for Success

Wednesday, December 14th, 2011

Email is an effective way to respond to and nurture leads; statistics from the Direct Marketing Association show conversion rates for email to be in the five percent range.

You can maximize your conversion rates by following a few best practices.

  1. Respond quickly.  A report by Harvard Business Review states, “Companies that try to contact potential customers within an hour of receiving queries are nearly 7 times as likely to have meaningful conversations with key decision makers as firms that try to contact prospects even an hour later. Yet only 37% of companies respond to queries within an hour.”
  2. Personalize the email. Even though your goal is to respond as quickly as possible, taking a moment to personalize your message will increase the chances of your email being well-received.
  3. Clearly identify yourself in the subject line with your name or the name of your company, along with a brief sentence to let the recipient know the email contains information they requested. You can give a quick bit of information about your services, or a call to action such as “Reply to this email for a 10% discount.”
  4. Create a headline that succinctly states the main message of your email and answers one of the top questions your reader will have—why they should be interested. Try to include an important benefit of using your services.
  5. Give them a reason to respond. List three top benefits your product or service will provide. This is a good place to break up the text with a bullet list.
  6. End with a call to action. Make it clear exactly how you want the reader to respond, such as clicking a link to a landing page or registration form. Keep the landing page consistent in appearance and theme with your email so your prospect knows they’re at the right place.
  7. Keep your message brief. Shorter emails draw higher response rates.
  8. If you use a template, be sure to personalize the message with a point or two that is relevant to your prospect’s needs.
  9. End with a digital signature that includes your company logo, web address and contact information for a professional touch.
  10. Proofread carefully. Nothing can diminish your credibility like a typo or grammatical error.

7 Tips for Success when Calling B2B Sales Leads

Thursday, December 8th, 2011

Voss Graham, author of Three Games of Selling, notes that it can take up to ten “touches” to close a sale of complex B2B products or services.

“I keep running into sales people who really think they can make a large B2B sale with just one sales call,” Graham commented in a recent blog post.

That first critical contact, the initial call, when handled well, can pave the way for successful lead nurturing, and ultimately, a closing of the sale. Here are a few tips to keep in mind:

  1. Open the conversation by identifying yourself, your company and the reason for your call. You may need to remind the prospect of their request for information, but be careful never to refer to “the lead you submitted,” or in any other way label the person you’re speaking to as a “lead” or “prospect” during your conversation.
  2. Ask the right questions—ones that will allow the prospect to add more depth to the information you already have about them. Avoid asking questions to which you already have the answer. Ask, for example, what motivated them to begin searching for information, or what key benefit they expect to receive from the services they’re seeking.
  3. Get “centered” before each sales call. This advice comes from a recent CBS Moneywatch article, along with these pointers, “During your conversation with the customer, focus your intent on the customer: words, gestures, tonality and context. Don’t think about what you’re going to say next. Listen, then respond, then ask another question.”
  4. Show personal interest. Rather than focusing the entire conversation on your company and its services, give your prospect the opportunity to talk about what their biggest challenges have been when making similar buying decisions or about their past experiences with other vendors.
  5. Keep in mind the customer’s buying process. Asking a few questions such as “is there anyone else who will be involved in this decision?” or “will this work with your present budget?” will give you some insight into how you should proceed.
  6. Don’t be afraid to address the pricing question. Your willingness to give the prospect an idea of the price range they can expect will go a long way toward establishing trust and keeping the dialogue open.
  7. Ask what other companies they are considering. This should not be viewed as a taboo subject. A simple inquiry regarding which of your competitors your prospect is looking at will give you the opportunity to showcase your unique selling point.

Four Ways to Keep Your Sales Flowing

Sunday, December 4th, 2011

Effective pipeline management can dramatically increase sales for B2B marketers.

Nigel Girling, author of Improving Sales through Pipeline Management, details four ways to get more sales from your pipeline.

1. Increase lead volume. It simply makes sense that by putting a greater number of leads into the funnel, you’ll get more deals out of it. Girling advises strengthening your business development activities, reviewing the number of new opportunities on a regular basis and setting incentives to drive more opportunities.

2. Improve your win rate. One way to win a higher percentage of deals is to qualify your opportunities more thoroughly. Consider these questions: What are your prospect’s specific needs, and do you have the capacity to fill those needs? What event may compel your prospect to make a buying decision in the immediate future? Does the prospect have the budget or the authority to actually make a purchase?

3. Increase the value of each deal. Look for opportunities for cross-selling or up-selling, making sure your customers are aware of the benefits of any additional products or services you offer. You might also want to look at reducing the amount of discounts you give.

4. Increase sales velocity, or the speed with which you close a sale before your prospect loses interest or is drawn away by your competitor. Sales velocity is a good indicator of the level of discipline of your sales department and whether your organization possesses the infrastructure to support expedient sales closures.

“The simple sales pipeline can be a powerful tool to drive sales revenue,” says Girling. “Beyond tracking the progress of opportunities, use it to mentor the sales team and help them maximize the value of their deals.”