24/08/2008 by Stephen Law.

I will explain how ‘Business Development Telemarketing’ differs from the service you might expect from a Call Centre. If you do not have a business development background, you are probably wondering what the difference is, so let me explain.

Business Development covers a very broad spectrum of techniques. The art of business is often compared to the art of war and the terms used - like ‘campaign’ or ‘guerrilla marketing’, etc display the similar theoretical approaches used. Whilst some people claim to be business development experts - I sometimes wonder if they really understand the term.

A true business development expert has a very rounded business career, spanning across the full areas of any enterprise and including - Administration, Finance, Legal, Marketing and Operational roles. Business Development takes an ‘eagle-eye ‘view’ of the business and is often akin to a CEO, MD, General Manager or Operations Director. The main difference is that the Business Development Director generally comes from a strong sales background.

In truth, the number of real Business Development experts (like yours truly) are small in number. Most so-called business development people have either very little knowledge of all the facets of running a business, or they are really sales people giving themselves a grand title.

So what do we mean by ‘Business Development Telemarketing’? Well, firstly and foremost this applies to someone who understands the pressures and responsibilities of a senior manager or business director - because they have held that role personally. Secondly, this applies to someone who has a broad business background of responsibilities. Thirdly, it applies to someone with great sales acumen. Finally, (and please don’t just assume that all sales people are good telemarketing people) that they are darned good at telemarketing.

When we talk about telemarketing, we are referring to the high-end of telemarketing, not one of those unfortunates stuck in an offshore call centre. High-end ‘business development telemarketing’ utilises the brain and many years of sales experience as opposed to reading some form of inane script from a computer screen. It utilises a ‘pitch’ rather than a ’script’ - a pitch is a ‘constructed answer’ depending on the conversation, whilst a ’script’ is always the same.

The unfortunate call centre person is often bugging Jo Public at inconvenient times to purchase something - calling an individual is known as Business2Consumer or B2C. Nine times out of ten, ‘Business Development Telemarketing’ is about businesses communicating with other businesses - Business2Business or B2B.

‘Business Development Telemarketing’ generally uses a style known as ‘Consultative Telemarketing‘. In simple terms, this means being able to communicate with intelligent and articulate people at their level. ‘Business Development Telemarketing’ allows your enterprise to reach senior managers and directors - via generating that all-important first meeting, gaining an invite to tender and building a business relationship.

Call Centres provide both ‘inbound’ and ‘outbound’ telemarketing, whilst ‘Business Development Telemarketing’ is all outbound work. ‘Inbound’ refers to someone sat waiting for a call, whilst ‘outbound’ refers to pro-actively hunting for new business. For someone to be sat in a call centre waiting for calls, to describe themselves as a telemarketing expert, is a bit like a 12-year-old kid telling you he’s a footballer the same as David Beckham. They both play football, but that’s about where the similarity ends. And it would seem, just like the 12 year old footballer, most people in the telemarketing industry haven’t got a clue what it means to be a ‘Business Development Telemarketing’ person.

‘Business Development Telemarketing’ is all about quality not quantity. Over the last week, I have been plagued by a lady from a call centre evidently bashing away through the numbers; though despite informing her I’m not the Decision Maker for what’s she’s selling I get the same old script every week.

Unfortunately, many of my clients are also confused by ‘Business Development Telemarketing’, at first believing that 1000s of companies need to be on a list to do business with. Fortunately, I’m generally blessed with intelligent customers and they can see that it is better to be meeting up with a handful of buyers who are serious about spending their budget, than creating some ridiculously long list of contacts that goes nowhere.

It is unlikely that you would ask the man at the fish and chip shop to represent you in court. He probably cooks a mean piece of battered cod, but I don’t think you’d feel confident of him talking to a judge or cross-examining any witnesses. Likewise, when you choose ‘Business Development Telemarketing’, you will be represented in a first-class professional manner rather than by a script-reading tele-monkey from a call centre.

So ‘Business Development Telemarketing’ is not about crunching the numbers - it’s all about a positive reflection of your organisation’s values. Focus is always the mark of ‘Business Development Telemarketing’, to provide you with consistently high-calibre results.

‘Business Development Telemarketing’ begins with an in-depth brief and agreement on strategy, tactics and marketing collateral. Based on the agreed approach, a campaign begins - but here’s another key difference between ‘Business Development Telemarketing’ and a Call Centre approach. Once up and running, a call centre has written a script for people to follow (for which you were probably charged an arm and a leg). In ‘Business Development Telemarketing’, feedback and analysis are ongoing. Whilst one would be likely to begin with an excellent pitch, this is then adapted as the campaign progresses to reach maximum efficiency.

So if you require to new business, and your prospective customers are senior management or directors - choose ‘Business Development Telemarketing’ as your weapon of choice. Contact SL-Freelance - for the best ‘Business Development Telemarketing’.

Posted in Business Development, Telemarketing | No Comments »

10/08/2008 by Stephen Law.

When you hire freelance telemarketing experts like SL-Freelance, what do they mean by ‘Consultative Telemarketing‘? I’ll try and explain the nuts and bolts of the approach.

The first element of a Consultative Telemarketing approach is to determine whether this approach has a good chance of providing you with a decent Return On Investment (ROI). The second element is to gain an understanding of your business, to find all the key points that will lead to success. The final part of the approach is in applying proven techniques to implement the process.

So let’s start with ROI. ROI is always the name of the game. If there is no chance of you gaining a return on your investment in Consultative Telemarketing, then you should be looking at alternative routes to market. Hence the first and most important aspect is whether Consultative Telemarketing is right for your business model. ROI in its simplest form is a mathematical equation of - ‘Benefit of Telemarketing minus Cost of Telemarketing‘. If this equation provides a positive outcome, then you are on the right lines.

Let’s give a simple example here - You decide to spend a budget of £2k to try Consultative Telemarketing. During the campaign, 10 appointments are made for you which you attend. Let’s say that you are not the best sales person in the World, so during the campaign you close 2 sales, the value of which is 2 x £10k = £20k. Your profit margin on the sales is 40%, so you make £20k x 40% = £8k. You deduct your travel expenses of £2k and you deduct the cost of Consultative Telemarketing of £2k - that’s £8k - £2k - £2k = £4k.

Now of course, everyone’s business model is different. We don’t all sell products for £10k a sale. Neither do we all close 1/5 sales. The reality is more complex, but this should give you a good idea of Return On Investment. Simply replace the figures above with your model to gain an idea of what is feasible. To put it in simple terms - if you are selling a product or service that has a medium/high sale value, with a reasonable profit margin, then you are on to a winner. If you are selling a low value product or service - then there is little point racing round the country trying to sell it and paying for telemarketing on top.

If at this point, you have realised that your product sale value is very low, then you should be considering alternative routes to market. If your sale value is middle to high, then read on. The next step is for the Consultative Telemarketing person to look deeply in to your business offering.

We’ve already agreed that your sale price justifies paying for Consultative Telemarketing, but let’s just clarify here why you should be choosing Consultative Telemarketing over bog standard Call Centre Telemerketing. In essence, the higher the value of the sale, the greater the chance that the Buyer will hold a more senior position within the organisations that you are trying to sell to. That means the telemarketing person must be of a high enough calibre to communicate with such people at their level. Moreover, a relationship (both rapid and long-term) must be built up with the Buyer. The vast majority of call centres simply don’t have that ability on a consistent basis.

So the Consultative Telemarketing approach is right for you so far. Now comes the part about finding about more about your business. For the non-sales person, it can often seem difficult to grasp the concept, that an outsider can often sell your business better than anyone in your team. But if you think about this logically - it applies to all professions. After all - if you could look after your accounts better than a skilled accountant - why outsource this task to an accountant? In a legal case, you know far more about the problem - so why outsource this to a solicitor? The answer to these questions is obvious - you may know more about your business than an accountant, a solicitor or a consulatative telemarketing person - but you are not an expert in applying that knowledge to gain the outcome that you desire. Just as an accountant or solicitor would take the time to understand the salient points necessary, that is exactly the process followed by a skilled Consultative Telemarketing expert.

At SL-Freelance, we would spend an appropriate amount of time right at the start, in understanding all the key points of your business. We don’t need to be you or have all the knowledge in your head - we just need the salient points that will gain the outcome you desire. We will talk to you about the geographical area your company works in, build a profile of your ideal customer, and so on. In essence, we will hone in on who you are trying to sell to and why they should be buying from you.

The final stage is to set up and implement the telemarketing campaign. Consultative Telemarketing generally follows what is known as a ‘Call - Email - Call’ scenario. Of course a good telemarketing person will always be looking for any early or easy wins. However, the vast majority of prospective customers will need to be ‘courted’. They are possibly about to spend a lot of money with you, so they want to feel comforable that they are making the right decision.

Firstly your prospects will want a proper introduction by telephone - a brief discussion of the benefits of doing business with you. Then a little more flesh is put on the bone with an email and maybe an electronic brochure. Finally, another call at the right time, puts them in a position where they want to meet up with you Face2Face to talk terms and prices. That’s what we call, a ‘Call-Email-Call‘ scenario.

So let’s recap - first check that the Return On Investment looks promising. Then a Consultative Telemarketing person focuses on the key aspects of your business - to find the right prospective customers for you. Finally, a succesful formulae of call-email-call starts bringing in the business. Now I know I’ve tried to simplify this for you. So I will be discussing more ideas in detail on this blog. If you want to know more right now - call SL-Freelance today on 0870 042 1263, go to www.sl-freelance.co.uk or email me - stephen@sl-freelance.co.uk .

Posted in Freelance Telemarketing, Telemarketing | No Comments »