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Sunday, March 09, 2008

Comfortable Referrals and 300 Voices!

By Anne Kelley, TNNW Southeast Bureau Chief

My first assignment for The National Networker has led me to two wonderful new friends.

First, meet Hugh Ballou who servesas Chairman of Choirfest 2008. I couldn’t help but wonder how a 300 voice choir was a networking event but after speaking with Hugh I realized what an incredible opportunity this is!

The vision of ChoirFest is to bring singers together in some of the finest concert venues in the world and present a concert of great beauty and inspiration. Singers will be led by a Choir Master of international standing, have the opportunity to sign up for educational seminars on various aspects of music and the culture of the host country, and tour the most outstanding sites and best of all, network with the participants of the event. There are only a few spaces left for this unique networking opportunity, April 3-6 in Huntsville, Alabama, so act quickly if you would like to attend. Information and registration forms are available at www.choirfest.com

Now meet Pamela Rogan, Vice President of Business Development for Flex HR, Inc. Pamela is an active member of the Metro Atlanta Chamber of Commerce and has developed a special B2B $5 Million + Group. This group provides a forum for a stable group of business development people to get to know each other and their respective businesses so that they may provide more qualified referrals and strategic connections. One requirement for an invitation into the group is that members have a similar target audience. The primary goal of this group is to generate qualified leads and sales in the Atlanta area. So what does this really mean?

Speaking with Pamela I could hear her energy. She started this group within the MOAC and is very passionate about its success. Its members are industry specific, limited to 20 and not duplicated in the group. Someone is invited to join only after the members of the group have the opportunity to meet the prospective member and vote to invite them to join. This keeps the group dynamic in tact. They operate under a “what happens in this room stays in this room” philosophy and really get to know their teammates. By doing this, Pamela explained, it becomes second nature to help one another and makes it possible to give comfortable referrals.

Another benefit this group offers its members is help with challenges they are facing. I learned that the members meet for 2 hours and often stay later and strategize. They also critique and evaluate presentations for each other and frequently meet away from the group.

Pamela has an interesting agenda for the group, varying the activities and guest weeks so that the group stays active. A couple of things this group does that I especially liked were the guest interviews to prevent any conflict with members before there was an awkward situation and the members regularly sharing their 3 top prospect companies so that everyone can be on the lookout for a connection. Also, once a month an outside presenter is invited for an educational opportunity with a 5 minute sales pitch allowed at the end.

Please consider yourself a Southeast Bureau Chief Ambassador and let me know of any groups you think I should interview. I am always interested in making new connections and sharing them with my friends.


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The Queen Of Canadian Telemarketing

The Queen Of Canadian Telemarketing

By Zale Tabakman, Canadian Bureau Chief
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We are always calling strangers in companies. We do it to find customers, we do it because we are looking for a job, and sometimes we are calling because we want to buy the company.

The list of reasons we want to call strangers is endless. For our discussion here, I am focusing on outbound calls for the purposes of starting the process which concludes in some form of a sale. But don’t dismay, these outbound calling tips apply to anybody who needs to make outbound telephone calls on a frequent basis.

Some of the challenges we will discuss here address the most common problems faced by people making frequent calls to strangers:

  • Who should we call?
  • How do we find the perfect person to call - since the imperfect person wastes valuable time.
  • What is the process for managing calls?

Other questions that are addressed elsewhere include:

  • How do we create voice mails that get returned?
  • How do I learn to Start Loving Cold-Calling?
  • How to get a Yes from an effective decision maker?

As I stated in my Marketing Yourself, these tips will use the LinkedIn Social Network as a a source for prospects. But the approach is standard and can be applied to any network or any database of prospects.

Who should we call?

Quoting me from Marketing Yourself:

I know that most people think of LinkedIn as a place for e-mail marketing because

I receive frequent e-mail each day from my contacts, but I have only received a

smattering of telephone calls from my LinkedIn Social Network connections. Most

of the calls were from people looking for help on LinkedIn, only two of these calls

contacted me to do business with them. I am totally shocked at that ratio. I have

over 9,000,000 connections. My contact information is easy to get.

I suspect that most people are too shy or they feel that converting an online social network connection into a real one-on-one connection is wrong somehow. LinkedIn’s ease at e-mail is and introductions are another reason people hesitate to pick up the phone and call.

I strongly disagree with treating LinkedIn as an online network only. You and I put up our resumes and our interests with a tremendous amount of detail. We are inviting people to contact us, but it has to be an appropriate contact. We only want to be contacted if its relevant and useful to our careers or our lives.

What we want can be found in our profile. Reading a profile lets you know what your connection does and what there interests are. What more could a person making a call want to know?

I have called many people on my LinkedIn Social Network and have always being received warmly or when I have left a message gotten a call back. In every call situation, I knew a lot about the person I was calling and what they would be interested in. In the two cases of people calling me, they knew about me and were able to approach me with projects I would be interested in, I have been able to do some business with one and expect to do business with the other.

When you need to call a company to achieve a goal - LinkedIn should be the on of the first tools you turn to. Using the LinkedIn searching facility you can find the exact contact you need.

My method starts by selecting the company name or job title and then scanning the results. If that doesn’t immediately help me, I then add the search parameters until my list is narrowed down to enable me to select the profiles of interest.

Once I have their name, I then get on the phone, call the company and either by speaking to the receptionist or using the telephone directory, I get the exact individual I need to speak with.

Since I know all about them from their LinkedIn profile, my conversation is to the point and I usually have a terrific conversation.

Using LinkedIn is fast, its convenient, and it works.

Finding The Perfect Prospect

In sales, we look for the perfect prospect, that person who is part of 3% of the market who is actively looking for a product, service or a person like you today.

To find that perfect prospect, you must know exactly who buys your products, what their title is, what they do in the company, and what kind of company they work for. This is all about niche marketing. (An article about niche marketing and long tail marketing is in development.)

There are least three approaches for using LinkedIn.

  1. The obvious one is to use LinkedIn to find the actual prospect.
  2. A second approach is to use LinkedIn to find out useful background prior to approaching the prospect.
  3. The third approach is to use LinkedIn to find somebody to introduce you to the prospect.

To find actual prospects is straight forward, but requires a practical approach and some work. Imagine you are selling Customer Relationship Software for medium size companies, the person who makes the purchase decision is the VP of Sales. To find the prospects, enter “VP of Sales managing people” into the search field. Then narrow down the search as per the previous discussion about calling into a client.

A large network rapidly identifies many prospects which you can then start your telemarketing to. After a couple of hours of effective telemarketing, you have a sales queue.

To find some useful background on clients, use LinkedIn to find other people that work at the company.

In our Customer Relationship Software example we could look for a user of the system. Their title would be account manager or business development manager. After selecting one or two account managers from the target company, you call the account manager and tell them what you do for a living. Once on the phone you can tell them you are planning on calling the prospect, giving the prospect by name, but before you do, you want to make sure that there is an opportunity. You can then ask them what the company is currently using for CRM software and how they like it. Judging on the response you get, you will know if there is true opportunity and what the prospect’s needs are. Obviously the conversation will be more sophisticated than this. Later in the process section, I provide a few places where you can learn about how to have those conversations.

The final approach is to look for somebody peripheral to the prospect. For example, the CFO or the VP of Marketing. A conversation with the CFO about how your CRM can speed sales or a conversation with the VP of Marketing on tracking marketing responses will invariably lead to an introduction to the prospect.

In summary, if you aren’t using LinkedIn for B2B sales, you are not using everything that is available to you.

What About The Process Of Outbound Calling?

You require a good process for outbound calling. The process is about selecting whom to call and relating it to your financial goals. its about understanding where in the sales process the calls fit in. Its about creating good scripts, its about tracking your response rates. And its about a myriad of other details which can make calling prospects effective and profitable.

To get a decent return on your investment, you must have a structure and tools in place. Otherwise, your time will be eaten up one minute at a time with just managing the process rather than using each minute for effective execution.

Its taken me a long time to learn about tele-marketing, what’s effective, and how to manage the process. There are some short cuts depending on what you want to do.

My good friend Marguerite Mcleod-Fleming runs a whole company called The Results Source dedicated to using the telephone for generating sales. Her company uses Canadians and Americans to call for setting appointments or inviting people to seminars or need that requires a conversation with a senior level executive. Her company can do the calls, train your staff, or setup the program for your internal management. For company’s requiring a high quality and reputable firm for lead generation of high end products, I highly recommend that you contact Marguerite and tell I sent you.

I don’t need these kinds of services and most of my readers don’t either. So Marguerite has created help for the rest of us.

Like myself, Marguerite believes strongly in contributing and sharing her expertise. She believes in giving is the best way to receive. Marguerite has created a white paper that is an excellent introduction to understanding how to setup your outbound telemarketing program.

Click here to receive the (free) white paper from Marguerite. While this white paper is primarily for companies selling a product worth more than $10,000 in value and has two or more direct sales representatives, it provides an excellent overview of the concept of telemarketing. Its quite excellent as it outlines a practical structure and approach both small and larger organizations can use to making telemarketing effective and practical. Her approach is based on understanding the model of marketing and how it applies to outbound sales calls.

Applying Marguerite’s approach and using a LinkedIn Social Network as a source of leads and prospects, creates a tremendous business opportunity for you.

I highly recommend that you download “Cold-Calling 2.0: The Next Generation of Prospecting”.

Another way to access Marguerite’s expertise is through Elite Gold Cold-Call Excellence Coaching program. You can sign up here, and for $10 you get a starter kit worth $347. It's perfect if you are not making the kinds of returns for the effort you are putting in

Till Next Month!

--Zale
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Adam J. Kovitz: "Bridging the Gap "

I was speaking with a good friend of mine the other day in regard to the need to match...needs; specifically speaking, matching supply to demand. In the past, we have relied upon face to face communications, supply-chain management, sales and marketing, etc, which of course is the foundation of our current economic system.

As we began transitioning to a Relationship Economy back in the 90's and early 00's we began looking at personal computers, the internet and customer-relationship management systems (CRMs) to help us coupled with a somewhat newly-minted term; "networking". As were networking computers we were also learning to network ourselves and develop meaningful relationships.

Today, in spite of all of our technological progress, there exists a vast void between those companies who believe in the power of networking who have products and services to sell and those consumers of products and services who also believe in the power of networking as evidenced by Facebook, LinkedIn and Myspace, to name a few.

The key to bridging this gap is in research and education. We must understand that both sides are crucial to this Relationship Economy; those with products and services need to cover expenses and answer to shareholders while keeping customers happy. Consumers want quality products and services that are delivered in such a way that they don't feel they've just made a deal with the devil and have been locked into contracts that last generations. They want meaningful answers to questions they have by competent representatives and know that they are financially supporting organizations that are moving towards sustainability of the planet.

Do you see how networking is the key? Do you see that research and education in this area is crucial for such sustainability? Consumers are savvier than ever and are not easily buying hype, but real meaning behind products and services.

The Relationship Economy is here! It means transition from old paradigms to new ones. It means that we need to re-learn what it means to establish and maintain quality relationships.
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The Emergence of The Relationship Economy

The Emergence of The Relationship Economy
The Emergence of the Relationship Economy features TNNWC Founder, Adam J. Kovitz as a contributing author and contains some of his early work on The Laws of Relationship Capital. The book is available in hardcopy and e-book formats. With a forward written by Doc Searls (of Cluetrain Manifesto fame), it is considered a "must read" for anyone responsible for the strategic direction of their business. If you would like to purchase your own copy, please click the image above.

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