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

Three ways to get hot calls

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

A rose is a rose. And a sales call is either cold or hot. No exceptions. Hot calls can yield a fantastic rate of return, but unless your prospects know you or are expecting you to reach out, it’s a cold call. And if you make 100 cold calls, you may talk to about 20 people, schedule 10 appointments, and if you’re lucky, close one new deal. That’s a 1 percent return on your time. Hot calls–when there’s the been an introduction and the prospect is expecting your call–shorten the sales cycle, increase your credibility, result in qualified prospects and mean securing new clients more than 50 percent of the time!

Here’s how to get HOT calls:

  1. Make a list of everyone you know–prime sources for referrals. Prioritize the list with the names of people you know best at the top.
  2. Set a goal to contact at least three people each week to arrange in-person meetings if at all possible.
  3. Tell your referral sources that you are building your business through referrals and would appreciate their help. Describe your ideal client and ask for one or two people who meet this description.

Read the full article There’s No Such Thing as a Warm Call. For more tips, visit Joanne Black at www.nomorecoldcalling.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.