Showing posts with label Telemarketing. Show all posts
Showing posts with label Telemarketing. Show all posts

Friday, July 3, 2009

Create strong routines = long term success

I remember being a toddler and not wanting to brush my teeth. In an effort to keep my teeth clean (and to save thousands on dentist fees) my parents made a chart. They went and made my younger brother (who always brushed his teeth) a chart also. When we brushed, a sticker was placed on the chart. When we brushed two times a day for a whole week we got a really big sticker placed on the chart. By appealing to my competitive side, my parents managed to get me to do the unthinkable; they got me to brush my teeth.

While I am not a dentist, I never understood why little children needed to brush their teeth. Weren’t they going to fall out anyway? I am sure that there are medical reasons why children must brush, but I am also confident that proper routine as a child will save that same child thousands of dollars on dental fees as an adult.

A few years ago, I was working at a telemarketing sales office that was selling a “long sale” product. Out of laziness (and because every agent gets overwhelmed for their first few work days) agents were not using the CRM properly. After a few months, management stated feeling their salaries tighten since the salesmen were not closing enough deals. After considerable research, management came to the conclusion that the low closing ratio was not due to lack of training; rather it was simply because the salesmen were not following up with their clients. Every sales agent had tens if not hundreds of potential clients who had “slipped through the cracks”.

Management put a HUGE push towards using the CRM that was offered during each agent’s initial training period. At first, they offered bonuses to anyone who had every client in their CRM by the end of the workday. As that started costing significant resources and the sales ratio did not yet justify such an allocation, they changed their plan of action. Management implemented the following rule, “Any client who was not in your CRM was not your lead. That lead became fair game to any other sales agent. But to their dismay, even after agents were retrained on the CRM software, agents were not able to seamlessly incorporate the CRM into their everyday use. Some would come in early and enter all of their leads from the previous work day, while others would stay late to input that same information. Some would even take a break between calls to input the information on the spot so that they would have a clear description of the call and the client’s needs. Management’s plan worked for a few weeks. What every agent had in common though was that after a week of work every agent became lenient again with the CRM data input.

The agents were not able to break their bad habits. For reason unclear to me, the business eventually closed down. It is possible that the product was no good, or even that the business model was off, but one thing is for sure, we will never know. All I do know is that the salesmen let themselves down by not trying to close every available deal. To this day I am a bit confused about what happened at that office. Particularly in a sales office every employee must do everything in their control to make as much money as possible. By simply inputting their sales information into the CRM each agent would be increasing their chances at closing deals. Why weren’t the agents able to break their previous bad habits?

I have found that setting correct routines always pays off. Even in situations where that might mean working twice as hard for the initial few days of a new job. While it may take an agent longer to make their first few sales, that agent will be creating a proper routine with will help them generate success down the road. An agent’s ability to build a proper foundation is what will protect that salesman from the intense sales turnover found in the telemarketing industry. Similarly, a company that enforces initial proper routine and discourages sales shortcuts will be around to see the success of that simple decision.

Sunday, January 11, 2009

What is the next wave of billionaire businessmen currently thinking?

Every successful businessman at some point has had the same thoughts running through their minds. "How can I make more money, How can I keep my current amassed wealth?"

In the past generation if you met someone who I like to describe as "super wealthy" it would be a good bet to assume that either this person inherited their good fortune, or they created it by knowing how to "buy low and sell high". It feels as if things in the business world may have changed. With the crash of the housing market, the current dollar fluctuations, and the uncertainty of the stock market, it has become significantly harder to point out "Super wealthy".

I remember at an earlier period in my life it was easily distinguishable who was wealthy, or at least who wanted to be perceived as "well off". It all started with those lucky individuals who had cell phones, then those who had newer versions of cell phones, then palm pilots, then Blackberrys. Now- well, now it’s those who have private jets. With multi billion dollar ponzi schemes afloat and rampant home foreclosures even those with "private jets" are feeling the crunch.

So now, getting back to the age old question, "How can I make more money, how can I keep my current amassed wealth"? The answer is simple. A successful businessman must ensure the highest level of professionalism throughout his/her entire staff. But how is that possible in a market where everything is outsourced, and everyone is looking to cut corners to meet strict deadlines.

To answer that question, I would like to revisit a realization that came to me only a few years ago. I was at the time working as Director of New Business Development in a mid sized international shipping company. It was the end of the week and I had been cold calling potential clients for the past few days in order to bring new business to my company. My phone started ringing with hopes that it was a prospective client, I decided to push off the weekend just another bit, and answer the phoneTo my surprise it was a not native English speaker trying to sell me some b2b product. Even though I myself was currently employed to do cold calls, I hung up the phone after I discovered that he was indeed cold calling me. I was actually disgusted. I thought, " It is so close to the weekend, don't these people have any respect".

It was then that it hit me. My realization was simply, how did I plan on being successful cold calling companies if I myself just received a cold call and my first impulse was to slam the phone down! From that day on I thought there had to be a better way.

Getting back to our question at hand, everyday we ask ourselves "How can I make more money, how can I keep my current amassed wealth". What’s my answer? Simply put, the answer is a country created by the United Nations in 1948. A country that is considered to be the Jewish ideological state and at the same time the Jewish homeland. By outsourcing to Israel any business can “cut the corners” and not lose any level of quality or professionalism.

The varied international demographic composition in Israel allows it to offer businesses qualified native language speakers for any possible business need. The trend of outsourcing has been pushing India, Philippines, Brazil, and many other third world countries. Customers are getting tired of being hassled by phone calls made by heavily accented callers. They call during dinner, they call on Sunday, and they sound unfamiliar.

It’s been a few years since since I moved to Israel but I have been building my dream ever since. I live in Israel which is a unique land not only for Jews, but also for anyone looking for the highest level of professionalism at off-shore costs. It is no surprise that Israel proudly holds the award for greatest higher education to civilian ratio. With the recent influx of immigrant populations coming from North America, Europe, and Russia, Israel has become an ideal outsource location.

My company IOC Israel is just one of the many call centers located in Israel. I can only speak about my staff, but I know that we can be ranked amongst the best in the world.Israel is shaping up to be a serious contender for world’s next provider of quality telemarketing and sales.
In closing, to answer the question the next wave of successful businessman are trying to find ways to “cut the corners" but still remain just as professional.

Contact me today with any questions you might have.
Info@iocisrael.com
http://www.iocisrael.com/