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Cold Calling Builds Character

May 11th, 2009 @ 5:30 am

8 Comments

Categories: Career Development, Cold Calls, Motivation, Sales Skills, Sales Tips, Watercooler

Tags: Cold Calling, Rejection, Sales Tools, Sales Strategy, Sales, Geoffrey James

According to the poll in the post “Do You Like Cold Calling?” only a quarter of sales pros actually like cold-calling, and  only a measly 4 percent say it’s their favorite activity.  Since most people aren’t good at what they don’t enjoy (and vice versa), it’s not surprising that most sales pros see it as a “necessary evil.”  And that’s too bad, because there’s a real benefit to cold calling that goes generating a few leads.  Cold calling makes you stronger.  And mastery of cold calling  makes you unstoppable.  Let me explain…

Why aren’t people more successful?  If you look carefully, you’ll discover that, in most cases, it’s not because they lack ability.  While there are people who have natural talent, most people have the ability to learn any skill and to get reasonably good at it.

The reason that most people aren’t successful is that they don’t take action.  They don’t do what’s necessary in order to become successful.  Most of the time that’s because of one thing: fear.   In business, the two most common fears are fear of failure and fear of rejection.

Those are the exact two fears that you must confront, and overcome, when you master cold-calling.  In my experience, sales pros who say they “hate” cold calling are seldom top sales reps.  It’s one thing to say that you no longer need to do it, or that you think it’s more effective to generate leads a different way.

But HATING it?  When you say that you HATE cold-calling, you’re saying that you’re still tied up in  the fear of failure and fear of rejection.  And that, by definition, means that you’re not performing to your full abilities as a sales rep and a business person.

I, myself, had a horrible fear of cold calling.  It was so bad that I didn’t even like calling a restaurant for a reservation.  As a consequence, when I worked for a big company, I often avoided making telephone calls to people I didn’t know, preferring instead to use email whenever possible.

When I decided to become a full-time business writer, I knew that I needed to overcome my fear of cold calling because 1) I’d have to call strange editors and publishers in order to generate new clients, and 2) business writing involves setting up interviews with various bigwigs.

In other words, there was no way I could be successful at this if I was still afraid of failure and afraid of rejection.

To fix this problem, I could have taken a job in temporary job in sales that required cold calling.  However, I elected to confront those fears in an environment that’s equally fraught with failure and rejection — the dating scene.

Like many men, I had always lacked the self-confidence to approach the type of women I really wanted to date.  And as a fairly nerdy guy, recently divorced, and neither particularly handsome nor rich, I didn’t have the attributes that might make the process easier.

And, let me tell you, the job title “freelance writer” is only marginally more impressive on the dating scene than “struggling artist” or “starving student.”

That’s not all. I had recently relocated cross-country, so nobody was going to “set me up” on a date.  And because I now worked at home, I was unlikely to meet any women at work, unless you count the cleaning lady.

That meant, if I wanted to have a social life, I would have to force myself to approach women in semi-social settings (e.g. accidentally sitting nearby at Starbucks), and start a conversation.

If you think it hurts to be rejected over the phone by a stranger, try being rejected to your face by somebody who just evaluated your attractiveness… and found you beneath her standards.   As far as fear of failure and fear of rejection, it’s like cold calling on steroids.

Nevertheless, within six months, I had no shortage of dating opportunities.

I accomplished this by changing the meaning of “failure” and “rejection”.  Rather than considering it a failure if a woman “rejected” me, I decided that the ONLY failure was not trying.  So even if I got “shot down” I had still won, simply because I had tried.

The experience was truly transformative.  The anxieties from which I had suffered in the past completely disappeared.  I no longer worried about being “rejected” and, what’s more, I started enjoying the process.  It was fun to meet new people, and I met many interesting women whom I would never otherwise have met.

More importantly, without that experience, I would NEVER have had the courage to approach the woman who is now my wife and mother of our two children.

As the result of overcoming fear in that area of my life, I stopped worrying about failure and rejection in business as well.  I started making those difficult telephone calls — when they needed to be made.

I’m far more confident in business, because the concept of rejection has become almost meaningless to me.  It just doesn’t enter into my thinking any longer.

I’ve seen other experiences — including a stint at cold calling — work the same wonders in many other people.

If you can get through your fear of rejection and start enjoying the process of putting yourself on the line, time after time, day after day, you can conquer virtually anything in the business world.

This Blog's Best Post: The Ultimate Cold Calling Tool

 
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  •  
    1

    Bob Wileman

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    When it's critical to your livelihood, as it is for many of us now, you just have to swallow the self-indulgent inner feelings and get on with it. But, left to their own devices many would simply prove their talent for failure.

    Having read your articles for some time and covered my desk with them, I beginning to experience the positive feelings you describe.
    I also agree with your conclusions about dating. Sales and dating are similar in that if you only set yourself the goal of getting to know somebody and show interested in them, you will probably move on to the next stage. The bottom line is that my sales results this year are still bad. I will just have to get smarter to extract any money from people who see the benefits of our service, and change our business strategy.

  •  
    2

    joannesblack

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    Someone once told me that cold calling is like that dreaded first date. Wouldn't it be terrific if we could forget the first date and move quickly to the enjoyable second or third date?

    You can avoid the "first date" in sales entirely--and the fear of rejection that goes with it--when you build your sales through referrals. What a concept! You get introduced, the awkwardness disappears, and you have an immediate connection. There is no rejection. Period.

    What counts in sales is results. The data speak for themselves. Cold calling--a 1 to 3 percent return on your time. Referrals--a 50 to 90 percent return on your time. Do the math. Forget cold calling and adopt the only sales strategy that delivers bottom-line sales results every time--referral selling!

  •  
    3

    Geoffrey James, Sales Machine

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    Joanne,
    For the thousandth time, not everyone has a business network. Some people who get into sales are in their first professional environment. Some are escaping a background of poverty or other dysfunctional behaviors. Some people just don't have connections with which to build a referral network. Some people who get into sales have territories that are on the other side of the world. It's just not correct to say that referrals are right for everyone in every circumstance. It's just not so. And you keep comparing the worst rates in cold calling versus the best rates in referral selling. I know that your practice is built on teaching referrals, but it's not a panacea. I'm sorry. It's not.

  •  
    4

    markbebout@...

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    Another great article Geoffry. Your material is inspiring for me as I begin down the road of cold calling.

  •  
    5

    markbebout@...

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    Joanne,

    As the founder of a startup company, I spend alot of time networking with others in business in my community as well as with other entrepreneurs. So I have a relatively large professional network. However, I can tell you that I work on referrals constantly and to this point have had no success with it. Does that mean I am going to give up on it? Certainly not. I understand that it is only a part of the lead generation process. Cold calling has a definite place equally.

    I have yet to meet someone who lives solely off of referrals, as you claim. I find that usually the only people who claim you can live off of referrals are the same people that are selling their "system" on how to do it. Coincidence? I don't think so.

  •  
    6

    bluebanana20

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    I used to really enjoy it when I worked for someone else. How come, what has changed? Ok, so I prefer face to face networking, but struggle to pick up the phone. After your article, I will make the effort, maybe I will be pleasantly surprised..

  •  
    7

    22william

    05/12/09 | Report as spam

    RE: Cold Calling Builds Character

    Joanne,
    Your comments and figures on referral business are not a real reflection of the sales world and actually mislead the people who need the right advice to achieve more in sales. Sales is a real profession and the job requires people that have the integrity and drive to challenge themselves. That means cold calling and every other contact skill (not just referrals). This is highly relevant in today's market and perhaps more than ever before. As a sales professional of 30 years myself I have seen many people that try to take the easy road of referrals and avoid cold calling. Their results are always 'average'; they simply do not 'cut-it' and they leave the industry. I agree totally with the wisdom of Geoffrey James, who has hit the 'nail on the head' (well done Geoffrey). Salespeople cannot and should not rely entirely on the strength of referrals given by contacts that have their own agendas, priorities, and baggage. That is the road to 'sales mediocrity'. Give me a salesperson anytime who is prepared to take on the personal challenge of cold calling to get results. They will always be the leaders in their industry and excel above the 'referral reliant' others. Proof of this sales excellence is best seen in Joe Girard, the World's Greatest Salesperson in the Guiness Book of Records.

  •  
    8

    joannesblack

    05/13/09 | Report as spam

    RE: Cold Calling Builds Character

    Hi Geoffrey and Mark:

    I've always said that if what you're doing is working, keep doing it. I'm not saying that referrals are a panacea.

    I am saying that everyone has a larger network than they think. Many believe they've tapped out their network. Not so. The problem is that most salespeople don't know how to leverage their network--even if it's only a few people. They could build that network into an incredible referral sales machine!

    Mark, please feel free to contact me for referral tips. If you haven't been successful with referrals, let's figure out why. Do I have a system? Yes. I wrote the book on referral selling. Call, email, or check out newsletters http://www.nomorecoldcalling.com/newsletters.html

    Geoffrey, I will continue to beat the referral drum, because the sales results speak for themselves. How about a poll on why salespeople like to receive referrals? Let's start a conversation about referrals!

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