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Useful Advices - Make Your Cold Calling Sales Prospecting Work Better
I know most of us hate cold calling. But for many businesses it can be a cost-effective way to generate quality leads.
If cold calling is accepted in your industry then you should consider making it a prospecting tool. A benefit is that you connect directly with people who are likely to need or want what you offer. And, because cold calling is an active form of prospecting you can use it to fi
If cold calling is accepted in your industry then you should consider making it a prospecting tool. A benefit is that you connect directly with people who are likely to need or want what you offer. And, because cold calling is an active form of prospecting you can use it to fi
According to USFDA, a combination product is one composed of any combination of a drug and device; biological product and device; drug and biological product
ll holes in your pipeline when other lead generating methods are falling short.
So, if you decide to make cold calling part of your lead generating system, here are some ideas to do it as productively as possible.
Have a Goal for Your Cold Calling Program
Before you even start your calling, know what your goal is. Is it to obtain or confirm information? To further qualify them? To schedule a
So, if you decide to make cold calling part of your lead generating system, here are some ideas to do it as productively as possible.
Have a Goal for Your Cold Calling Program
Before you even start your calling, know what your goal is. Is it to obtain or confirm information? To further qualify them? To schedule a
; or drug, device, and biological product and fixed dose combination would include two or more combinations of drug.
Examples of combination products may in
Examples of combination products may in
meeting? To close a sale? Whatever your specific goals are, they should include moving your leads through your sales cycle.
Have a Lot of Leads
Jeff Mayer (www.succeedinginbusiness.com) mentions this in his book, Overcoming the Fear of Cold Calling and I think he's right. The more people you talk with, the less important any one of them will be to you. What's important is finding those people
Have a Lot of Leads
Jeff Mayer (www.succeedinginbusiness.com) mentions this in his book, Overcoming the Fear of Cold Calling and I think he's right. The more people you talk with, the less important any one of them will be to you. What's important is finding those people
lude drug-coated devices, drugs packaged with delivery devices in medical kits, and drugs and devices packaged separately but intended to be used together.
who want to do business with you. The disappointment of hearing a "no" from someone is a lot easier to take when you know you have a long list of other people to talk with.
Qualify (or Pre-Qualify) Your Leads
Before you start calling people, make sure they meet your criteria for a qualified lead. Or at least make sure they meet as many criteria as possible. Focus your calls on people who appe
Qualify (or Pre-Qualify) Your Leads
Before you start calling people, make sure they meet your criteria for a qualified lead. Or at least make sure they meet as many criteria as possible. Focus your calls on people who appe
here is enormous increase in the number of combination products entering the market in the recent years. Combination products have proven advantages but fixe
r to have a need for what you do. Forget the rest. Your time is valuable. Don't waste it on people who don't fit your profile.
Be Persistent But Don't Be a Pest
Speaking about not wasting time, don't waste too much time pursuing any one lead. This is another good point Jeff Mayer made when we spoke about this. His advice is to make no more than 2-3 calls to a cold lead and if you do not conne
Be Persistent But Don't Be a Pest
Speaking about not wasting time, don't waste too much time pursuing any one lead. This is another good point Jeff Mayer made when we spoke about this. His advice is to make no more than 2-3 calls to a cold lead and if you do not conne
d dose combinations are still in the process of convincing regulatory authority on their advantages over the single ingredient formulations.
Combination pro
Combination pro
t with them, forget them. Or, put them back at the bottom of the list so you don't spend your precious time on people who simply are not reachable. They might become reachable in the future. Or they might not.
Either way, understand and accept they are not reachable right not so don't spend your time on them.
Get Them Talking with Good Questions
We all know cold calls tend to be the world's
Either way, understand and accept they are not reachable right not so don't spend your time on them.
Get Them Talking with Good Questions
We all know cold calls tend to be the world's
ucts have become life saving products for the pharmaceutical companies who doesn’t have many innovative molecules in their product pipeline and have been inc
hortest phone calls. It seems the people we call all know how to stop a salesperson dead in their tracks. (I think they take classes to learn these sales-defense techniques.)
The key in making cold calling productive is to get past the initial defenses raised by the prospect and get them talking. Before you start calling, have a list of questions in front of you. Make sure these questions are
The key in making cold calling productive is to get past the initial defenses raised by the prospect and get them talking. Before you start calling, have a list of questions in front of you. Make sure these questions are
easingly used in the product life cycle management. Even the companies having product patents are trying to extend their product life cycle through the combi
elevant to the situation and help you move toward your goal.
Your Call is an Interruption. Get Over It.
Don't apologize for calling someone. Sure you're interrupting them. So what. Every thing's an interruption these days. We're all busy.
But we all have problems and issues that need solutions. Successful business people know their businesses need input, ideas, products and services from oth
Your Call is an Interruption. Get Over It.
Don't apologize for calling someone. Sure you're interrupting them. So what. Every thing's an interruption these days. We're all busy.
But we all have problems and issues that need solutions. Successful business people know their businesses need input, ideas, products and services from oth
nation products and maximize the revenues. But the companies involved in this practice are overlooking that they are burdening the patients both economically
rs. No person or business is an island. So if you have pre-qualified your leads and you're calling them with a legitimate product or solution they could use then don't apologize. You're presenting something of value.
Don't Waste Time
If the person you're calling says they're not interested right now, don't waste your time or theirs trying to "overcome their objection." I know we are taught to
Don't Waste Time
If the person you're calling says they're not interested right now, don't waste your time or theirs trying to "overcome their objection." I know we are taught to
and physically. They need to rightly judge the benefits of the combination products and they have to even look at the risks involved when combining the produ
push through the first couple of objections to get a close but that tactic is best left for a face to face meeting. On a cold phone call it's okay for them to say "no" because they probably do not have a need or interest right now. Or the timing is not right. Or they simply do not know you well enough to say "yes".
But, if you can get them talking about their business as it relates to your pro
But, if you can get them talking about their business as it relates to your pro
ts. Some of the combination products were well accepted by physicians while others suffered. Companies involved in development of combination products are fi
uct or service, you have a better chance of breaking through their defenses and getting them to commit to the next step is in your sales cycle.
Remember Why You're Calling
When you're cold calling it's easy to get distracted by rejection or by people who want to talk about things that do not help you reach your goal. Remember, you're calling for a reason. Stay focused on that reason. Write it
Remember Why You're Calling
When you're cold calling it's easy to get distracted by rejection or by people who want to talk about things that do not help you reach your goal. Remember, you're calling for a reason. Stay focused on that reason. Write it
ding difficulty in defining their combination products and facing various challenges from selecting a combination to marketing it.
Following aspects would a
Following aspects would a
down and keep it in front of you if that helps. Don't allow yourself to get distracted.
Schedule Your Calling
Set aside a block of time when you'll make your calls. This helps get you started and not get side-tracked by other things that come up during the day. You might vary the time from day to day to see what works best. Also, it's best to not take incoming calls while cold calling.
Mana
Schedule Your Calling
Set aside a block of time when you'll make your calls. This helps get you started and not get side-tracked by other things that come up during the day. You might vary the time from day to day to see what works best. Also, it's best to not take incoming calls while cold calling.
Mana
dd to the challenges in developing combination products:
Which markets to tap where the combination products can do fairly well?
Which combination prod
Which markets to tap where the combination products can do fairly well?
Which combination prod
e Your Activities and Monitor Your Outcomes
Because cold calling often yields a low percentage return it's easy to lose motivation and feel like you're not getting anywhere. Remember, though we control our actions, we cannot control the results of our actions. So, focusing on the results too much can be unproductive since you have no direct control over them. Instead, focus on your inputs (you
Because cold calling often yields a low percentage return it's easy to lose motivation and feel like you're not getting anywhere. Remember, though we control our actions, we cannot control the results of our actions. So, focusing on the results too much can be unproductive since you have no direct control over them. Instead, focus on your inputs (you
cts are meaningful and rational?
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
Which therapeutic categories to select?
Which Combinations can address unmet needs of the patients?
Do combin
activities). Then observe the results of those activities, but don't get too tied up with them.
A good way to do this is to set an activity goal for each time you cold call. Maybe your goal is 25 calls a day. Do that for a week or two and see what your results are. If the results are what you want, keep doing it at that level. If the results are not what you want, then change your activities
A good way to do this is to set an activity goal for each time you cold call. Maybe your goal is 25 calls a day. Do that for a week or two and see what your results are. If the results are what you want, keep doing it at that level. If the results are not what you want, then change your activities
tions increase the patient compliance?
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
What would be the developing cost?
How to tackle the risks encountered during combination product developmen
r your activity level.
Warm Up First
If the very thought of cold calling sends chills up and down your spine then make your first call to a friend or customer with whom you already have a good relationship. This will relax you and get you used to talking on the phone. Then you can transfer the good karma from that phone call to your first cold call.
Use a Script but Don't be a Robot
My favo
Warm Up First
If the very thought of cold calling sends chills up and down your spine then make your first call to a friend or customer with whom you already have a good relationship. This will relax you and get you used to talking on the phone. Then you can transfer the good karma from that phone call to your first cold call.
Use a Script but Don't be a Robot
My favo
t?
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
As combination products don't fit into the traditional categories of drugs, medical devices, or biological products, the USFDA is in the process of devel
ite actors are those who ad lib their roles. Sure, they start with a script but they go beyond that. They become the character and they add their unique personality to the role.
When cold calling use a script to guide your words and your delivery. But don't read any script word for word. If you do, you'll sound like a robot, not an intelligent professional.
Ask For a Commitment
Finally, the
Ask For a Commitment
Finally, the
ping new procedures for reviewing their safety, efficacy and quality.
Professional from academic institutions, pharmaceutical industries, health care indust
Professional from academic institutions, pharmaceutical industries, health care indust
ost important part of your call: asking for a commitment. One of the worst time-wasters for salespeople is when leads tell us they're interested but they really are not. They'll say something like "Yeah I'm interested. Call me back in a few days/weeks/months". Often we'll spend a lot of time trying to connect with and close these people but we get nowhere.
The problem is people are nice. They
The problem is people are nice. They
y and representatives from various regulatory agencies are working out to design the regulatory requirements for manufacture and sale of combination products
on't want to hurt our feelings by saying "no". It's easy to say you're interested and then ask someone to do the work of following up. This puts the entire burden on the salesperson. For many people, it's easier than saying "no".
An effective way to prevent this is to get them to commit to something. If they're willing to commit something then it's more likely they are interested in working wi
An effective way to prevent this is to get them to commit to something. If they're willing to commit something then it's more likely they are interested in working wi
.
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
As there is an increasing trend of the combination products companies manufacturing such products should be able to tackle the problems involved in the de
h you. You might ask to schedule a meeting. Or maybe you're asking them to commit to a call back at a specific day and time. Some people even ask for a commitment before they send information.
Conclusion
Your goal is to move the person on the other end of the phone forward in your sales cycle, move them to a lower priority or get rid of them. You want to filter out the leads who don't fit and
Conclusion
Your goal is to move the person on the other end of the phone forward in your sales cycle, move them to a lower priority or get rid of them. You want to filter out the leads who don't fit and
elopment. They need to be wiser in analyzing the market trends and the regulatory requirements.
Companies that provide selfless information through particip
Companies that provide selfless information through particip
identify those who do. Then you can focus your time better on people who are more likely to do business with you.
A well-managed cold calling system can be a fantastic source of qualified leads for your business. So, if cold calling fits your industry or profession and if your pipeline has some empty space that needs filling, take a look at what an effective cold calling program can do for you
A well-managed cold calling system can be a fantastic source of qualified leads for your business. So, if cold calling fits your industry or profession and if your pipeline has some empty space that needs filling, take a look at what an effective cold calling program can do for you
tion in industry events and feedback to regulatory authorities would be able to face the challenges and will be successful in developing combination products
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