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Member You - This is a Sales Call: How to Begin Prospecting Calls with Integrity
Venture Capital Funding: Finding Funds For Your Business the time or care. Because you get rejected. Because your ego says prospects should call you.For many medium and large sized businesses, venture capital financing is one of the best options for funding their business. While small businesses and startup companies rely more on equity funding and loans, venture capital funding is also a good funding option for them.Venture Capitalists: Venture capitalists are groups of investors who loan money to companies they think have the potential to grow big. They essentially invest their money in companies in hope of seeing their investment bring returns when the company does well and earns large profits. Loans extended by venture capitalists are a major source of funds for many medium to large, as well as some small, businesses.Venture capitalists take calculated risks in hope of gaining more than what they invested initially.Disadvantage of Venture Capital Funding: By borrowing from venture capitalists, you allow your company to be influenced by them to some degree. As long as the company is being run well and brings in profits, venture capitalists will not interfere with the management and decision-making procedures of the company; but if they think the business is not But none of that has to be true. Let's look at the pieces, and then proceed to understand how they can each be mitigated with Buying Facilitation. Imposing on strangers When you make a call to a stranger (either prospects, or clients who have been handed over to you from a previous sales person) they don't know who you are, naturally, and you have no rapport with them. By definition you are imposing. Additionally, you are placing a call to get something for yourself and actually attempting to take something from them. Whether it's to ‘make them' listen to you, or buy something from you, or do something for you. It's not like you're calling to give them a million bucks: you want them to do something, like listen to you, or buy from you, or make a change for you How to Write a Media Release That Wins You Coverage & Exposure “Hello. I'm looking for Sharon Morgen?”The Today show? The New York Times? Vanity Fair? What's your dream hit? While nothing inspires more fear and trepidation in public relations professionals than media relations, it doesn't have to be complicated. There are 2 keys to a press release... the Headline and making sure it doesn’t sound like an advertisement, but more like it is news. A media release (which also goes by its former name, the press release) is a one page, double spaced, single-sided document designed to transmit news about books, products, and people. Don't forget that real live people, editors and producers, must pull the release from the fax machine and be motivated to read it.In today's world, getting editors and producers to actually read your release is a challenge. Every day, people tap into the possibilities of free publicity and are becoming proactive in getting their voice heard. Editors & Writers, receive upward of hundreds to thousands of releases a week. However, only a small percentage is both appropriate for their audience and grabs my attention.Distribution of your press release is just as important as the writing of the release. You wan “Sharon DREW Morgen.” “What? Sharon Morgen?” “No. Sharon DREW” “Um. Hello. Are you Mrs. Drew?” “Ms. Morgen. That's me. Is this a sales call?” “Um. Hello. No. I'm with XYZ bank and I'm giving you a service call.” “Regarding what? I don't do business with you. And you're not supposed to be making a telemarketing call on me. So what type of service are you offering for free?” “Well, it's not for free. But we thought you'd like to know about our new banking services.” “Ah. So it IS a sales call.” “We're not allowed to say that.” This call really happened. Years ago I lost a large piece of business because I advocated telling prospects, “This is a sales call.” For some reason, the Sales Director was appalled that I would announce it was a sales call. Who would prospects think they were speaking with? Their wife? Their mother? A relative? A friend? I'm a stranger, obviously. And why would I be calling them? Would I be from their child's school, announcing a problem? Or from the neighborhood, with a report of a house on fire? How about a person from the cleaner's, telling them I'd lost their new suit? What is wrong with telling prospects that you're placing a sales call? They'll guess it anyway when they don't recognize your voice. It will also be obvious because your opening remarks will probably sound uncomfortable - like a stranger placing a call to another stranger. But it doesn't have to be that way. NO NAME, NO TIME Let's start with the name game. Dale Carnegie used to recommend that sales people repeat the prospect's name because he thought people loved hearing their own name spoken. Whether that was because the phone systems in 1937 weren't that great, or because that was a commonly accepted belief, it's no longer the case. When we really know someone, we rarely use their name. Intimacy means never have to say someone's name – there's just this eye contact people have, or a special way of saying ‘Hi. It's ME.” Of course you use people's names – I'm being slightly facetious here – but not repeatedly during the same conversation, and not often, when you know someone well. When you over-use a prospect's name, it becomes a ploy to manipulate them into liking you so you can fantasize that you're their friend, and convince this person that you want or have A RELATIONSHIP. But it's not true. Hearing their name spoken repeatedly by a stranger makes prospects feel even more detached. And what about the assumption that they're sitting there, waiting for this call, with nothing else to do but take the call – even if it's a bank they do business with, or a charity they donate to? What is it about a sales call that makes it about the sales person anyway? What makes it about the product? Why is it even about a sale? Why not make a sales call – even a prospecting call – an aspect of your brand? A way of showing your prospects that you are supporting them and your product, through a collaboration (rather than a sale)? FEAR OF COLD CALLS Let me back track for a moment. I've trained many thousands of sales people; I can name on one hand the number of people who have eagerly sought out cold calling (and I'm one of them. I LOVE it – what fun! What a neat way to get to know people!). Why? Because sellers don't want to impose themselves on strangers. Because you believe the prospects don't have the time or care. Because you get rejected. Because your ego says prospects should call you. But none of that has to be true. Let's look at the pieces, and then proceed to understand how they can each be mitigated with Buying Facilitation. Imposing on strangers When you make a call to a stranger (either prospects, or clients who have been handed over to you from a previous sales person) they don't know who you are, naturally, and you have no rapport with them. By definition you are imposing. Additionally, you are placing a call to get something for yourself and actually attempting to take something from them. Whether it's to ‘make them' listen to you, or buy something from you, or do something for you. It's not like you're calling to give them a million bucks: you want them to do something, like listen to you, or buy from you, or make a change for you i 3 Low Cost Way To Grow Your Business? think they were speaking with? Their wife? Their mother? A relative? A friend? I'm a stranger, obviously. And why would I be calling them? Would I be from their child's school, announcing a problem? Or from the neighborhood, with a report of a house on fire? How about a person from the cleaner's, telling them I'd lost their new suit?Growing your business can be easy and low cost. You don't necessary need huge sum of money to grow you business. There are ways to do it with little or no money. You can find three ways to help you grow your business. They are easy, not difficult to apply. You may get some ideas from these few methods discussed here.Website presence Do you have a website just for your business? Half the population in the world is using internet. They are online searching for businesses that can add value to them; you are missing out a huge number of customers if you do not have a website. Have a website describing your business, products or services your offer. Tell your customers about your company value in your website to build trust. Some customers would like to browse through your site before making any decision. With information so easily available, customers now like to find out more information using the internet.Give free talks Going around giving free talks builds credibility for you. The more people trust you, the more business they will give you. By giving talks about your industry makes you an expert, people will pla What is wrong with telling prospects that you're placing a sales call? They'll guess it anyway when they don't recognize your voice. It will also be obvious because your opening remarks will probably sound uncomfortable - like a stranger placing a call to another stranger. But it doesn't have to be that way. NO NAME, NO TIME Let's start with the name game. Dale Carnegie used to recommend that sales people repeat the prospect's name because he thought people loved hearing their own name spoken. Whether that was because the phone systems in 1937 weren't that great, or because that was a commonly accepted belief, it's no longer the case. When we really know someone, we rarely use their name. Intimacy means never have to say someone's name – there's just this eye contact people have, or a special way of saying ‘Hi. It's ME.” Of course you use people's names – I'm being slightly facetious here – but not repeatedly during the same conversation, and not often, when you know someone well. When you over-use a prospect's name, it becomes a ploy to manipulate them into liking you so you can fantasize that you're their friend, and convince this person that you want or have A RELATIONSHIP. But it's not true. Hearing their name spoken repeatedly by a stranger makes prospects feel even more detached. And what about the assumption that they're sitting there, waiting for this call, with nothing else to do but take the call – even if it's a bank they do business with, or a charity they donate to? What is it about a sales call that makes it about the sales person anyway? What makes it about the product? Why is it even about a sale? Why not make a sales call – even a prospecting call – an aspect of your brand? A way of showing your prospects that you are supporting them and your product, through a collaboration (rather than a sale)? FEAR OF COLD CALLS Let me back track for a moment. I've trained many thousands of sales people; I can name on one hand the number of people who have eagerly sought out cold calling (and I'm one of them. I LOVE it – what fun! What a neat way to get to know people!). Why? Because sellers don't want to impose themselves on strangers. Because you believe the prospects don't have the time or care. Because you get rejected. Because your ego says prospects should call you. But none of that has to be true. Let's look at the pieces, and then proceed to understand how they can each be mitigated with Buying Facilitation. Imposing on strangers When you make a call to a stranger (either prospects, or clients who have been handed over to you from a previous sales person) they don't know who you are, naturally, and you have no rapport with them. By definition you are imposing. Additionally, you are placing a call to get something for yourself and actually attempting to take something from them. Whether it's to ‘make them' listen to you, or buy something from you, or do something for you. It's not like you're calling to give them a million bucks: you want them to do something, like listen to you, or buy from you, or make a change for you Negotiation, Integrity and Trickery because the phone systems in 1937 weren't that great, or because that was a commonly accepted belief, it's no longer the case. When we really know someone, we rarely use their name. Intimacy means never have to say someone's name – there's just this eye contact people have, or a special way of saying ‘Hi. It's ME.”In any negotiation it is important to establish a sense of integrity so that the other party knows that they can trust you with whatever negotiation is rendered. All too often people who were involved in negotiation are untrustworthy and use trickery early on in order to get concessions from the other party.In team negotiations often the trickery and the meanness is used and then a nice guy is brought in later to close the deal. It is the basic good guy bad guy routine. Nevertheless, a seasoned veteran in negotiation will see these signs of game playing and trickery early on and establish that the other party has no integrity and perhaps even voiced his concern to the other party that he cannot trust them or anything they may say so how can they possibly negotiate.Such a tactic is often dangerous because if you call someone a liar usually they are offended and someone offended generally wants revenge. In other words they will take out their revenge by insisting upon irrelevant or unnecessary concessions by you.So how do you call someone a liar who is using trickery and deceit in negotiation? Often you can tell a sto Of course you use people's names – I'm being slightly facetious here – but not repeatedly during the same conversation, and not often, when you know someone well. When you over-use a prospect's name, it becomes a ploy to manipulate them into liking you so you can fantasize that you're their friend, and convince this person that you want or have A RELATIONSHIP. But it's not true. Hearing their name spoken repeatedly by a stranger makes prospects feel even more detached. And what about the assumption that they're sitting there, waiting for this call, with nothing else to do but take the call – even if it's a bank they do business with, or a charity they donate to? What is it about a sales call that makes it about the sales person anyway? What makes it about the product? Why is it even about a sale? Why not make a sales call – even a prospecting call – an aspect of your brand? A way of showing your prospects that you are supporting them and your product, through a collaboration (rather than a sale)? FEAR OF COLD CALLS Let me back track for a moment. I've trained many thousands of sales people; I can name on one hand the number of people who have eagerly sought out cold calling (and I'm one of them. I LOVE it – what fun! What a neat way to get to know people!). Why? Because sellers don't want to impose themselves on strangers. Because you believe the prospects don't have the time or care. Because you get rejected. Because your ego says prospects should call you. But none of that has to be true. Let's look at the pieces, and then proceed to understand how they can each be mitigated with Buying Facilitation. Imposing on strangers When you make a call to a stranger (either prospects, or clients who have been handed over to you from a previous sales person) they don't know who you are, naturally, and you have no rapport with them. By definition you are imposing. Additionally, you are placing a call to get something for yourself and actually attempting to take something from them. Whether it's to ‘make them' listen to you, or buy something from you, or do something for you. It's not like you're calling to give them a million bucks: you want them to do something, like listen to you, or buy from you, or make a change for you Flying High, Flying Far ng for this call, with nothing else to do but take the call – even if it's a bank they do business with, or a charity they donate to?“What me? Sell myself? You have to be joking!”This was the response I received from one of my clients when I suggested that she needed to get out there and promote herself. She had to “network”.The Oxford English Dictionary defines networking as “interacting with others to exchange information and develop useful contacts.”This is how I see it. It’s not about “selling yourself” but about an exchange of information with like-minded people.Say to yourself, “I am going to do research. I am going to discover what other people are doing, how they are doing it, and why.”Don’t regard meeting someone as a confrontation. Don’t get up tight. Use lines such as, “I am really interested in you and how you have succeeded in your business.”One thing is guaranteed. The more difficult you make networking, the less success you will have with it. Approach it with a sense of ease. Have fun! You might actually enjoy it!The same client complained, “I never get any business from these networking events. Surely if anyone is interested they would come to me?”But why should they? What are yo What is it about a sales call that makes it about the sales person anyway? What makes it about the product? Why is it even about a sale? Why not make a sales call – even a prospecting call – an aspect of your brand? A way of showing your prospects that you are supporting them and your product, through a collaboration (rather than a sale)? FEAR OF COLD CALLS Let me back track for a moment. I've trained many thousands of sales people; I can name on one hand the number of people who have eagerly sought out cold calling (and I'm one of them. I LOVE it – what fun! What a neat way to get to know people!). Why? Because sellers don't want to impose themselves on strangers. Because you believe the prospects don't have the time or care. Because you get rejected. Because your ego says prospects should call you. But none of that has to be true. Let's look at the pieces, and then proceed to understand how they can each be mitigated with Buying Facilitation. Imposing on strangers When you make a call to a stranger (either prospects, or clients who have been handed over to you from a previous sales person) they don't know who you are, naturally, and you have no rapport with them. By definition you are imposing. Additionally, you are placing a call to get something for yourself and actually attempting to take something from them. Whether it's to ‘make them' listen to you, or buy something from you, or do something for you. It's not like you're calling to give them a million bucks: you want them to do something, like listen to you, or buy from you, or make a change for you Business Mailing Lists the time or care. Because you get rejected. Because your ego says prospects should call you.A business mailing list is a collection of names and addresses used by a business organization or marketer to send promotional material to a targeted group of recipients. A targeted mailing list is a more cost-effective advertising strategy than the other tools of the trade. Directly contacting a specific group of people can help an advertiser skip the cost of sending the ad randomly to many people who might just ignore it.The first step of any marketing campaign is to define the market or audience. The more precisely the target audience is defined, the more effective the mail campaign, and the better the response will be. A better response means more money for the business.It is important to identify the appropriate group of recipients to make targeted business mailing lists work. This requires the advertisers to customize their message to this specific subscriber base, making the ad more relevant and more likely to be taken seriously. Better results and reduced costs are the pluses of this form of advertising, since the advertising is concentrated on smaller groups of people and makes effective use of services like bulk mail But none of that has to be true. Let's look at the pieces, and then proceed to understand how they can each be mitigated with Buying Facilitation. Imposing on strangers When you make a call to a stranger (either prospects, or clients who have been handed over to you from a previous sales person) they don't know who you are, naturally, and you have no rapport with them. By definition you are imposing. Additionally, you are placing a call to get something for yourself and actually attempting to take something from them. Whether it's to ‘make them' listen to you, or buy something from you, or do something for you. It's not like you're calling to give them a million bucks: you want them to do something, like listen to you, or buy from you, or make a change for you in some way. So you want something from this person. But this person is a stranger. Why should this person give you anything, unless they are already predisposed to want what you have anyway? Remember that before someone does anything (different or otherwise) they must make a decision to do it. And all decisions are based on specific, unique, criteria – not information. So all the information in the world that you might have to share is immaterial if the person doesn't know how to decide what to do with it. Time Your prospect is obviously not sitting next to the phone waiting for a call from you. S/he is doing something. Whatever it is, s/he's doing something. In order to earn the right to use some of this person's time, you've got to ask for it and announce why you should be using their time. Asking if it's a good time to speak (not the same as saying ‘Do you have a few moments?' – the implication here is, ‘do you have a few moments FOR ME.') will help here. Rejection Why do you get rejected? Because you're trying to get something from this person that YOU want to get. And they say no. What does ‘no' do? It causes a Stop Action. There is no possibility of forward movement when ‘no' is uttered; the person who is the naysayer holds the power in any relationship. As long as you continue to attempt to get your needs met from a cold call, attempt to get someone to listen to what you wish to say, try to get someone to buy something – even an idea – you will continue to get rejected by all of those people who don't consciously recognize a need for what you're pushing. When you get lucky and receive a positive response, it will be from those who already have determined a need and you then become a commodity. You better have a ‘good price' for those people who will accept your call, because they won't know how else to choose you once you join the ranks of similar suppliers. USE BUYING FACILITATION TO SUPPORT MUTUAL AGREEMENT Using Buying Facilitation as the basis for the call won't be to take anything, sell anything, push anything, or even find out anything. Your job is to: 1. support the other person in recognizing if anything is missing in the category your product can support, and if so, how to start the process of designing a solution that will fix their problem (yes, even on a cold call, you can help the prospect begin the process of a complex sale); 2. help them discover their criteria for considering whether it's time to fill in a gap by doing something they haven't done before now. It's not about you, not about your product, and not about what you're offering. Until or unless a buyer recognizes that what they're doing isn't working, and until they are ready to do something different to fix/change the status quo, nothing you say will be heard. Remember: people do not make decisions based on information. Using Buying Facilitation, your job is to help people make the necessary decisions that will support the change they'd need to go through to do something different from what they're already doing. Use your cold call to help people decide. And start the call by getting into rapport and inviting people into a collaboration with you: Caller: “Hello. My name is Sharon Drew Morgen. This is a sales call, and I'm selling sales training. Is this a good time to speak?” By using this opening, you are telling people who you are and why you're calling, telling people yo
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