B2B Lead Generation Blog

Learn the New Rules for Selling to Crazy-Busy Prospects

For those of us in marketing and sales, our jobs are even tougher thanks to the busy lives of the decision makers we're trying to reach. Overwhelmed, impossible deadlines, crazy busy - these are just some of the words today's decision makers are using to describe their lives at work - and probably outside of work as well.

The biggest hurdle we need to overcome is cutting through the clutter to show the decision makers information that is relevant and that will help them make their lives easier.

That’s why I’ve invited Jill Konrath, author of Selling to Big Companies and her excellent new book SNAP Selling: Speed Up Sales and Win More Business with Today's Frazzled Customers (May 2010) to help us address these issues.

During this webinar, you'll learn:

• How being super-busy impacts your prospect's thinking and their expectations of you.
• What factors your prospects use to determine if they'll continue the conversation or send you to the dreaded "D-Zone" where you're deleted, delayed or dismissed.
• The four new SNAP Rules for selling as applied to your prospect's First Decision.
• How to leverage the "mind meld" to increase your success rate significantly.

Watch recorded webinar on demand (no registration required)
Get the slides (no registration required)

5 dials to tune in your lead generation process

It's important to think of lead generation as a process, rather than an isolated event, or a series of campaigns. A process can be continually improved through ongoing testing and refinement and will generate higher quality results more cost effectively (i.e. reduce expense-to-revenue ratio) and improve overall ROI.

Think about your lead generation process as being controlled on a mixing board. Let’s start with 5 of the biggest dials on the board so that we can start to tune in and turn up our lead generation ROI:

Dial 1 - "Turn up" lead quantity. Increase your program response rates across multiple lead generation channels to drive more inquires. Get more of the right people in the right companies to respond across multiple tactics through testing.

Dial 2 – “Turn up” lead quality. Improve your lead qualification process to increase “sales ready” lead conversion rates. Delivering leads that your sales team really wants based on your universal lead definition.

Dial 3 - “Turn up” sales team pursuit and feedback. Create joint service level agreement between sales and marketing to reduce time-to-sales follow-up. Ensure that "sales ready" leads are being fully engaged by sales.

Dial 4 – “Turn up” the number of certified opportunities in pipeline. Focus on improving your lead management and lead nurturing process. Build your marketing pipeline to increase your sales pipeline.

Dial 5 – “Turn up” closed sales. Focus on developing pipeline acceleration programs to shorten your time-to-revenue. This requires marketing to go beyond demand generation to help sales reduce friction in order to close more sales.

The mixing board analogy seems even more appropriate as you think about continuous process improvement. As the process develops you will need to consistently make adjustments to the dials as you respond to feedback and spikes in the flow. This is not a "set it and forget it" endeavor.

I hope this gets you thinking about making beautiful music.

Related Posts:
Lead generation optimization: Finding the right amount of friction

How to improve lead generation with prospecting 2.0

Cold calling. Feel a shiver move up your spine?

Too bad. It’s a shame that you, like many others, choose to dismiss cold calling as a lead generation tool (there’s that shiver again). I’m not saying that its reputation hasn’t been earned.  I just think everybody is going about it all wrong.

I love this analogy from Mike Schultz, Publisher of RainToday.com:

Fail at something enough, and it's easy to dismiss the whole tactic. (No matter how many times I try, I just can't hit a Jonathan Papelbon fastball. Swinging a bat at a baseball must not work!)

Cold calling works…you’ve probably just never been shown the right way to do it.

If you’re interested in exploring how you can improve your teleprospecting, or if you just aren’t convinced it can work for you, check out B2B Lead Gen Roundtable’s next complimentary webinar featuring Josiane Feignon. She’s author of Smart Selling on the Phone and Online as well as the founder and CEO of TeleSmart Communications.  Josiane provides consulting and coaching for Fortune 1000 companies, and she knows what it takes to find the power buyers.

Join us for this live webinar on “How to Improve Lead Generation with Prospecting 2.0." Josiane is going to show you her latest ideas on prospecting 2.0 including email and voice mail trends and how to outline a winning qualification criteria and more. As a bonus, Josiane will be giving away copies of Smart Selling on the Phone Online to three attendees. I hope you can join us!

View recorded webinar now and download the slides here

You may just warm up to the idea of cold calling when you understand how to use it properly.

Seven prospecting rules that produce leads

The phone is still a powerful and effective lead generation tool. It is inarguably the human touch of a lead nurturing program.  

That’s why every opportunity - including cold calling -  should be treated with great respect. Each time you pick up the phone, whether it’s the first or third call, it's important you create value in that touch. Your goal with each call should be to give your prospects something useful in a digestible, bite-size chunk.

That being said, the phone must be used as a part of a holistic lead generation strategy. Whether you create a specialized sales development team within the Sales or Marketing groups or hire a firm that specializes in teleprospecting, your cold calling plan must be aligned with all your other ongoing marketing and reputation-building activities.

A while back, I was asked to write a guest blog post for the ZoomInfo Sales and Marketing Blog that I titled "7 prospecting rules that produce leads." That little post was so popular that the ZoomInfo folks asked if I would consider teaching a webinar. I did and in case you missed it there are two convenient ways you can review it on demand:

Watch the Presentation

Read the Executive Summary here

Cold calling and the Complex Sale: observations you can learn from (thanks to my daughter)

I was somewhat shocked to find out that my 14-year-old daughter had searched YouTube recently for any mention of her dear old dad. She stumbled across a video that included a recent mention of my book, Lead Generation for the Complex Sale. (Isn’t it just amazing how easy it is in today’s world for our children to get the goods on their parents? It’s something that my generation will never quite adjust to.) But, excuse me, I’m digressing.

The video turned out to be pretty interesting. It was produced by ASG Group, an European company that helps their clients improve their sales processes. The video features the company’s principal, John Gorman, making some really nice points about teleprospecting. Of course, I’m thrilled that he mentioned my book, but I was also happy to see that he really understands the philosophy we built InTouch around. 

I was impressed by Gorman's first observation: He says that while sales activity seems to be up for a lot of folks, he has to wonder if it’s just because they are cold calling more people. His concern is that this old fashioned cold calling isn’t a part of a systematic, sophisticated approach to sales.

His point is that we need to start thinking like our buyers.

7 prospecting rules that produce leads

Need to improve your teleprospecting efforts? Check out my guest post for ZoomInfo, a blog that offers advice on all aspects of sales and marketing.  The site features industry news, analysis, and surveys. And, from time to time they let folks like me put in my two cents worth. I was happy to contribute with “7 prospecting rules that produce leads.”

I agreed to contribute to ZoomInfo with this topic because I believe very strongly in the power of the phone. The phone is the human touch of a lead nurturing program. Here are a few pointers to think about as you read the article:

• Every opportunity – including cold calling or lead follow-up – should be treated with great respect. Whether it’s the first or third call, it’s important to create value by giving your prospects useful info in bite-size chunks.
• It’s imperative that cold calling become part of a holistic multi-channel lead generation strategy. Create a specialized sales development team within the sales or marketing group or hire a firm that specializes in teleprospecting. Your cold calling plan must be aligned with other outbound and inbound marketing and reputation-building activities.
• Your teleprospectors must be smart, articulate, engaging and organized. Their training should focus on making them productive and sustainable extension of the selling effort.

Here’s the link to “7 prospecting rules that produce leads.” I look forward to reading your comments.

B2B Lead Generation Roundtable Group on LinkedIn

A few weeks ago I wrote a post called 5 steps for using LinkedIn as a lead generation tool and step number five was ‘create your own LinkedIn group and share relevant content.’

Well, last Thursday I launched the B2B Lead Gen Roundtable Group on LinkedIn. I wanted to create a group to discuss and share ideas that focus on the many aspects of B2B lead generation such as lead nurturing, lead management, teleprospecting and more.
 
I’m jazzed at how fast the group is growing and even more excited about the discussions that are already taking place.

My first question to the group was if lead distribution should be fair or optimized? What do you do? Do you invest your hard won leads on your top performers or do you try to help your weaker sales people? In this economy should we take a Darwinian view of lead generation and focus on helping the strong sales people get stronger?

What’s your take on lead distribution? I’d love to hear what you have to say.

Join the B2B Lead Gen Roundtable group and let me know your thoughts.

Using Kaizen to improve your lead generation results in 90 days or less

B2B companies need a systematic approach to lead generation, yet, I’m constantly surprised to find that most do not have one. Michael Webb, President of Sales Performance Consultants, and I met a few years back when I began writing my book and he was working on his.

Over time, we came to realize that our approaches to designing and implementing lead generation process were complimentary. Michael uses the Kaizen approach, which is a method of driving improvements based on evidence and data, and for establishing a system that continuously improves results.

I was recently interviewed by Michael for an article: “Using Kaizen to Improve Your Lead Generation Results in 90 Days or Less.” In the article, Michael and I look at the problems with lead generation and share research conducted that addresses these challenges along with the following topics:

• Collaboration: lead generation and sales Kaizen
• Creating information offers to generate leads
• Developing content for lead generation campaigns
• How to organize a fast attack on lead generation problems
• Five steps to lead generation success

Read Using Kaizen to Improve Your Lead Generation Results in 90 Days or Less

Seven tips for improving cold calling for lead generation

In spite of the fact that in the past pushy salespeople and poorly trained marketers have tarnished the image of the phone, I still believe that reaching out via phone is a very effective lead generation tool.

Studies by leading marketing research firms like MarketingSherpa show that 92% of B2B buyers are open to cold calls if the sales person is relevant. However, to ensure success, cold-calling needs to be part of a holistic lead generation strategy.

How to Get Started:
To truly use phone calls as an effective lead generation strategy, I recommend you create a specialized sales development team within the sales or marketing group or hire a firm that specializes in teleprospecting. Make certain that your cold-calling is aligned with other ongoing marketing and reputation-building activities.Teleprospectors must be smart, articulate, engaging and organized. Their training should focus on making them a consistently productive and sustainable extension of the selling effort.

The phone is the human touch of your lead nurturing program and thus every opportunity including cold calling to a potential customer should be treated with great respect. Each time you pick up the phone, whether it be the first call or subsequent calls, it’s important to create value by giving your prospects useful information in digestible, bite-size chunks.

Steps for Improving “Teleprospecting” Performance:

Step 1: Sustain the calling – be in it for the long haul. Teleprospecting works best if it’s long term and consistent. Don’t pressure your prospects to make a decision on the first call. Take your time and follow-up with more information. Listen to what they’re asking and if you don’t know the answer, let them know that and follow up again with them to provide them the answer

Step 2: Make every call count - Teleprospectors should never terminate a call upon hearing the targeted individual is not available. Imagine taking time to be helpful to the assistant or updating and verifying your database by working to share information for this source. Always ask if there is an alternative decision maker available as well.

Step 3: Throw away the scripts: Telemarketers use scripts. Teleprospectors use call guides. Scripts leave little room for conversation. Call guides are strong outlines to perpetuate conversation with areas to be discussed and questions to be asked. They must be built with flexibility and assume variable outcomes while still staying on message and promoting key relevancies to the customer.

How to Select and Optimize Outsourced Teleprospecting Redux

If you're too busy to listen to my podcast or simply prefer to reading over listening, Sridhar Ramanathan, whom I interviewed on how to select and optimize outsourced teleprospecting partnerships, posted his the talking points on his blog. 

Pacifica Group: Part II: How to Select and Optimize Outsourced Teleprospecting