Close Close
Popular Financial Topics Discover relevant content from across the suite of ALM legal publications From the Industry More content from ThinkAdvisor and select sponsors Investment Advisor Issue Gallery Read digital editions of Investment Advisor Magazine Tax Facts Get clear, current, and reliable answers to pressing tax questions
Luminaries Awards
ThinkAdvisor

Practice Management > Building Your Business

4 tips for cold-calling success

X
Your article was successfully shared with the contacts you provided.

Whether you’re knocking on doors or picking up the phone, cold calling can be a challenge. But there are ways to make the ordeal less painful and improve your closing rate.

Focus on them. In your initial contact with prospects, focus all your attention and questions on them. Don’t talk about who you are and what you do. Remember that it’s about them, not about you. 

Plan your questions in advance. In cold calling, the more information you can elicit, the easier it will be for you to qualify your prospect. This is where questioning comes in. Your questions should be carefully thought out and organized in a logical sequence, from general to specific. 

Have a script ready. Once you have a positive response to your opening question, you can ask your prospect about his business, market, budget, etc. To get a positive response, ask questions such as: 

If you could magically eliminate three of your biggest business problems, what would they be?

If you could create the ideal situation for your business, what would you change?

If you can engage with your prospect in a way that gets him thinking, you stand a much better chance of building an enduring relationship.

Ditch the briefcase. When you’re calling on a prospect in person for the first time, one strategy is to “go in naked.” This means carrying a simple folder rather than a briefcase full of brochures. If your prospect is interested and wants a presentation and more information, you can always go out to your car to get what you need. Going in without a briefcase encourages your prospect to relax and lowers her sales resistance.

Follow these 4 cold-calling tips to maximize your sales, generate better leads and create long-lasting client relationships.

Sign up for The Lead and get a new tip in your inbox every day! More tips:

Living in a warm call fantasy?

It’s just a phone call

How often should you contact prospects?

Brian Tracy is the CEO of Brian Tracy International, which specializes in business training, and the author of the best-selling Psychology of Achievement. For more information, go to www.briantracy.com.


NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.