The Hidden Cost of Cold Calling



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Summary:

The majority of sales organizations today continue to mandate cold calling by their salespeople. And, as you can guess, the number one reason why top producers choose to stay with their employers long-term is because those employers are providing qualified leads and therefore there is no need at all, let alone any requirement, to cold call.

I personally quit jobs because of the requirement to cold call.


Article:

The majority of sales organizations today continue to mandate cold preferment by their salespeople. They do this despite the fact that cold craft has the lowest return of all prospecting methods. Managers like to require cold game being it is done at the salesperson's time and expense, not the company's. They hold that the ability to scrape up some commercial here and there, on the salesperson's time, is enough to justify the ongoing kinetics of cold calling.

What they fail to realize, however, is the dangerous hidden cost of cold calling.

I'm talking in connection with the effect that cold baptism has on salespeople. In my experiences in working with hundreds of companies, doing sales training, sales planning, and coaching individual salespeople, I've learned a few constituent truths that are valid one hundred percent of the time. First of all, companies that require cold apostolic orders have the highest turnover of all sales organizations, upwards of seventy-five percent. Such high turnover is disastrous to a company's long-term profitability. Companies that run a solid marketing program and provide qualified leads to their sales forces have virtually no turnover.

In the world of salespeople, the number one reason why salespeople quit their jobs is the requirement to cold call. And, as you can guess, the number one reason why top producers delicate to stay with their employers long-term is for those employers are providing qualified leads and therefore there is no need at all, let alone any requirement, to cold call.

I personally quit jobs for of the requirement to cold call. On the contrary, I stayed at one particular position for quite a long time and was very prosperous there seeing my manager was toward cold line of business and worked hard to make sure we enduringly had a decent supply of incoming leads. Not surprisingly, we were the most rapidly expanding party in the country during my tenure there.

Sales organizations that wish to solicit and keep the desirable, most professional top producers out there need to start with the primer and implement a solid marketing plan that will generate a consistent supply of leads for the sales force. Anything else will lead to a lack of talent and high turnover on the sales staff. A requirement to cold call repels great talent and attracts inexperienced salespeople who won't create in the big numbers every manager desires. A good marketing system, and the consistent stream of leads it generates, attracts and keeps top sales talent.



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Position Overview:     The Account Executive is responsible for finding, developing, and closing new business within the Staffing and Recruiting market. Emphasis will be placed on identifying and converting sales targets, including detailed tracking of sales prospects to establish a qualified pipeline, and activities including customer presentations, product demonstrations, and closing business.  The Account Executive will coordinate involvement of Sales Engineers and Professional Services as required.     Responsibilities:     ·         Maximizes territory potential through targeting prospects, conducting customer meetings and demonstrating the product.   ·         Generates new target prospects through research, networking, and referrals.   ·         Converts target prospects to sales opportunities by identifying alignment of critical business needs with solutions and services.   ·         Develops proposals together with Sales Engineering and Professional Services.   ·         Works closely with sales management to prioritize opportunities and execute sales strategies to exceed quota expectations.   ·         Submits standard sales metrics, such as, weekly forecasts, pipeline, funnel, monthly progress, business plans, and expense reports on a regular and timely basis   ·         Maintain Bullhorn CRM for opportunity and contact management.  


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