June 3, 2005

More High Probability Selling - I telephone prospect

I did some telephone prospecting today. Yesterday I bought a list for relevant area codes and SIC codes from InfoUSA.

I was a little disappointed in that I didn’t get quite the selection I was looking for. I did some refining and boiled it down to what looked like my target market.

The instructor sent us a sample of what he called a “Prospecting Board.” I used his template and created my own prospecting board. I used the same 20” x 30” foam board he suggested. I propped it up on my trash basket and it made a fairly ergonomic arrangement.

I admit to having some trepidation about doing this. Initially I suffered from “getting ready” syndrome. That’s where one spends a lot of time getting ready instead of, as Nike says, “Just doing it.” I experienced a little bit of wanting to do it perfectly, but reminded myself that it was more about doing versus perfection.

I finally dove in and started dialing.

I prospected for three sessions for a total of two hours and 39 minutes. In that time, I made 123 dials. In that 123 dials I was able to make my offer to the decision maker 27 times.

I used the script of . . .

This is Ted Armstrong with Eastern Business Solutions. I sell Microsoft Great Plains accounting software. It keeps track of all customer orders and what inventory you have on hand. Is that something you want?

As per my instructor’s guidance, I went into what I called “robot” mode. That is I recited my offer in a strict monotone and neutral voice.

I had two people that wanted literature. I asked them for their email and told them we don’t send literature. They coughed up their email address and I fired off two emails with an attached PDF and links to both the Great Plains and my own company web site.

I had one person respond with the questions, “How much?” I gave him my scripted response . . .

Depending one what functions and how many users are needed the amount could range between $10,000 and $60,000.

He was looking for something more in the $5,000 range, so I kissed him goodbye.

One person, when I finished my offer responded with “Yes.” For a brief moment, I was completely flustered. I recovered as best I could and made an appointment to see him.

After making the appointment, I then asked . . .

Depending on what modules and how many user licenses you need, a Great Plains installation can run between $10,000 and $60,000. Are you prepared to spend some place in that range?

He said he was looking for between $5,000 and $10,000. I quickly queried him on what modules and how many users and told him it would likely be at least $12,000. We canceled the appointment.

My instructor said to try to prospect for the full three hours with a 15 minute break each hour. He said they found that you become more productive in the third hour. However, more than three hours is too tiring.

I found he was right. I did become more productive in my third session, but I was pretty wiped afterwards.

It was a good learning experience.

Posted by Ted at June 3, 2005 8:38 PM