Avoid mistakes outsourcing telemarketing efforts
Hiring a
service provider to prospect for you or
sell your product or service can be a
very effective solution. However, you
can also waste valuable time, money, and
have the reputation of your company tarnished
very quickly. There are a few good, professional,
and legitimate service providers with
solid business models and there are those
that do not. Be very careful. Whether
you choose to partner with us or not,
we want educate you and help you develop
an understanding of what to expect in
this industry in order to make a wise
decision.
Beware
of 100% pay for performance arrangements.
Don't give in to the NO RISK temptation.
When providers are compensated for quantity
instead of quality, you can imagine what
happens - the quality of each lead drops,
as quantities rise - and your in-house
sales team has to work twice as hard to
weed out the "garbage leads".
You want a provider to SELL your product
or service? People who work for free will
turn over fast if money is not made quickly.
These type of arrangements fail the majority
of the time due to constant turnover,
recruiting, poor management, re-training,
and re-ramping. No real momentum or business
continuity is ever established. Finally
and most importantly, your companies reputation
will be adversely effected due to the
lack of professionalism. Contact a Business
Development Advisor for more information.
Realistic
Expectations. Many sub par providers of this service
will tell you just about anything you
need to hear to make the sale. They make
a living turning over clients with cheap
rates and small tests. Why? Because they
gain more sales. Your provider should
want to know your business in detail and
listen to your objectives. An honest provider
will tell you what is realistic within
a certain amount of hours. There are many
variables, so its not feasible for any
provider to tell you exactly what to expect.
However, they should give you a realistic
depiction of ramp times and potential
production. They should come up with a
customized strategy recommendation for
success. A good provider should be focused
on how to maintain a long term partnership.
Contact a Business Development Advisor
for more information.
Training
prior to starting the program.
- Good providers will want you to be directly
involved with the training. After all
it is your business and you know it best.
Preparation is key to success. A good
provider should be able to take your marketing
collateral and create an initial calling
script for training and ramping. Talented
callers will not read a script word for
word. The script should be nothing more
than a training tool and reference until
they have it down.
Caller
Talent. - How do you want your company represented?
Avoid hiring providers that use high school,
college, inexperienced or off offshore
callers. While young people may be good
for business to consumer programs, A good
B2B company will have mature, experienced
professionals representing your company.
Be
aware of your service provider's quality
control system. The last thing you want is for your existing
customers - your revenue generating customers
- to have a bad impression of your company
because of relaxed quality standards.
Good providers have a professional management
staff with a solid infrastructure. Consistent
feedback and communication between management,
callers, and client is crucial for mutual
success. What types of reporting and database
access does the provider offer? Is it
online and fully accessible to you? Contact
a Business Development Advisor for more
information.
Look
for professional communication and management. A business development company should
be giving you regular updates, and have
data available to you on demand - not
having this could be a warning sign that
the data isn't there at all. Consistent
feedback and communication between management,
callers, and client is crucial for mutual
success. Does the provider offer you the
ability to be involved in the program
and speak directly with the callers? Contact
a Business Development Advisor for more
information.
Beware
of companies offering short tests (less
than 50 hours). The profitability & success of a campaign
cannot be judged in such a short period
of time. If you choose a provider based
on the results of such a short test, you
may end up getting "short changed"
in the long run. This is equivalent to
you hiring an internal person for just
over one weeks worth of work. Pipelines
take time develop. Anything less than
50 hours and you are probably just wasting
your money. Contact a Business Development
Advisor for more information.
Find
out the exact location of the agents working
for your service provider. Offshore agents
aren't usually held to the highest quality
standards, and the communication barriers
they create can reduce the effectiveness
of your campaign - actually costing you
money in the long run. While costs may
be appealing, quality will most likely
lack severely and cost you more money
and the reputation of your company. Contact
a Business Development Advisor for more
information.
Avoid
companies who charge less than $25/hour
for their services. All companies have to profit somewhere,
and if they don't charge enough for their
services, you can be sure they will cut
back in other areas - such as employee
quality and training, equipment, and consultation
time.
You can see how important it is to not
only know what you're outsourcing, but
exactly who you're outsourcing it to.
Contact a Business Development Advisor
for more information.
Lists
and dials per hour. Good providers will be educated on the
best list resources for your particular
program. They can typically provide you
with or assist you in procuring the nest
list. Don't make the mistake of thinking
the more dials per hour, the better. That
is a big misnomer! EX> Lets suppose
you are selling a sophisticated software
application and need a company to properly
qualify the prospects for you. If a provider
tells you they can make 30 dials an hour
on average, that's 2 minutes per call!
How is it possible to effectively have
a quality conversation with a prospect
in 2 minutes? Its not. These are usually
"telemarketing agencies" that
use predictive dialers. Essentially they
are just burning through your valuable
lists of contacts and letting Quality
slip by the wayside. A professional organization
is focused on the quality of the lead
or sale. Therefore they should be able
to give you a realistic idea of the average
dials per hour for your specific program.
Contact a Business Development Advisor
for more information.
Contact
a Business Development Advisor for more
information. |