HOME   |   Blog
Home | Sell Using Social Media >>

The Evolution of the Cold Call

The cold call has always been a staple of the sales professional but many are claiming that cold calling is dead, or dying. Before one can accept or reject this claim you have to first understand what the cold call is.

Oxford English Dictionary provides the following definition:

cold-call
verb [ trans. ]
make an unsolicited call on (someone), by telephone or in person, in an attempt to sell goods or services.
Proclaimers of the cold call’s death wouldn’t necessarily agree with this definition. While buyers view cold calling as an unsolicited call, sellers view cold calling as a form of prospecting -- a form of prospecting facing a radical change. The debate isn’t whether the cold call is dead or alive, rather, how the cold call is evolving as the industry adopts the sales 2.0 mentality.

Why is the Cold Call Evolving?
Cold calling has always been effective insofar as it has generated sales, but it is horribly inefficient. Decision makers who are solicited are generally abrasive to interruption marketing. In today’s economy, most businesses don’t have the time to be unexpectedly prospected on the phone or in person.

Sales people aren’t big fans either -- up till now they have cold called out of necessity. The immense amount of rejection and the time-consuming nature of cold calling has destroyed the morale of many aspiring salespeople. The limited success and the long sales cycle associated with cold calling have left many looking for alternatives; alternatives that would “warm-up” cold calling by profiling targeted buyers.

The Social Media Alternative
Web 2.0 is bringing such alternatives through social networking. Many are trying to throw the baby out with the bath water by leaving traditional cold calling all together. Instead, they hope to pursue lead generation exclusively through social media outlets like LinkedIn, Facebook, and Twitter. While these social networks provide much more information for the salesperson, it is important to note that this is still a form of interruption marketing.

Most decision makers use social networks to find employees, collaborate with colleagues, or for personal reasons. Just because somebody has a LinkedIn account doesn’t mean they are open to receiving solicitations. While a message on LinkedIn, a tweet on Twitter, or a poke on Facebook (not a recommended sales tactic) appear subtle in comparison to a phone call, it is still a cold call and subject to the same amount of rejection.

The benefit lies in the sales person’s ability to interact personably with prospective buyers on a mass scale without having to make a single dial. When your audience consists of hundreds of members in a LinkedIn group or thousands of followers on Twitter it becomes apparent that prospecting on the phone, one... dial... at... a... time..., is a thing of the past.

Cold Calling and the Future
With more companies finding sales success through prospecting via social networks, can we pronounce traditional cold calling dead? No. As stated earlier, traditional cold calling may be inefficient but it is still effective. Deals are signed every day due to the traditional cold call. Aggressive sales companies that live by the mantra, “Every door, every floor, till there ain’t no more!” will continue to cold call. While traditional cold calling might be laborious and faced with limited success, a persistent cold caller will continue to sell to decision makers that social media will never be able to tap into.

So, the next time you hear adamant salespeople arguing over whether the cold call is dead or alive be sure to share your 2¢. The cold call isn't dying -- it's evolving.


Re: The Evolution of the Cold Call

Good, post, there are many holes in inbound marketing.  Selling is about people, process and technology, the correct balance is determine by the buyer, not the seller.  Most "inbound marketers" zealots don't mention;

Issue 1. UX, you have 3-7 seconds to impress a visitor- if your site is not engaging and if you don’t have a the right look and feel, no one will trust it. UX Guru, Jakob Nielsen says,  for some, you may only have eleven characters, or about two words in your headline to make a first impression.

Issue 2.  OK you passed the sniff test, with a good UX and SEO, that  is not enough.  You can attract all the visitors to your website you want but if your content does not educate or engage them, click, clients have their finger on the mouse button and are ready to move on.

Issue 3.  To this day, most enterprises work in silos, content strategy, marketing, sales and IT, each with their own agenda, goals and time frames. In most cases,  a sea-change has to happen to get an integrated go-to-market strategy.  Forrester research recently came out with a statistic, up to 19% of SG&A expense is hidden costs associated with supporting sales.  Reducing those costs should be the number one goal and process optimization and integration is the only way to address it.

Issue 4.  Generic content does not work anymore, you need to address each stakeholder, if you are selling to a CIO, CFO, HR, you need specific content to address their business requirements.

Issue 5.  People come to you at different stages in their buying life cycle, they could buy in one week, one month, one quarter or  one year, you need specific content that editorializes and educates them on your business value and unique differentiation on their time frame not yours.

Issue 6.  Marketing alone does not build intimate relationships, merely pushing emails back and forth does not show an investment in a relationship. Companies need to invest in building trusted advisor relationships.

 Direct sales, which includes the use of the dreaded cold call, can bridge those those gaps.

Re: The Evolution of the Cold Call

be entertained

Add a comment Send a TrackBack