How can businesses effectively use cold calling to reach new customers and increase their sales?

69% of buyers have accepted cold calls from new providers

Source
Salestrail

Topic
Customer Engagement

Year
2021

As a journalist covering the world of sales, it’s important to understand the tactics and strategies that lead to success in this industry. One surprising statistic that often catches people off guard is the fact that 69% of buyers have accepted cold calls from new providers. This figure may seem counterintuitive given the negative reputation that cold calling often has, but it’s a clear indication that there is still a place for this tactic in the world of sales.

So why are buyers willing to engage with new providers via cold calls? One reason could be that many buyers are actively seeking new solutions to their problems and are open to hearing about what other companies have to offer. Another possibility is that a well-crafted cold call can offer a personal touch that is lacking in other forms of communication. It’s also worth noting that cold calling can often catch people off guard and lead to a more genuine conversation than other sales tactics.

Of course, not all cold calls are created equal. To be successful in this realm, it’s important to have a clear strategy and approach. Here are a few tips for successful cold calling:

  1. Research your prospects: Before picking up the phone, take some time to research the person or company you will be calling. This will allow you to tailor your pitch and demonstrate that you understand their needs.
  2. Get to the point: Buyers are busy people, so it’s important to get to the heart of your message quickly. Be clear about what you’re offering and how it can benefit them.
  3. Build rapport: While cold calling may seem impersonal, it’s still possible to build a rapport with your prospect. Be friendly, personable, and genuinely interested in their needs.

In conclusion, while cold calling may not be the most glamorous or popular sales tactic, the statistics don’t lie. With 69% of buyers being receptive to cold calls, it’s clear that there is still a place for this approach in the world of sales. By following these tips and approaching cold calling with a clear strategy, you can increase your chances of success and reach new buyers who may not have been aware of your offerings otherwise.

More 2021 Stats

41.2% of sales reps say that their phone is the most effective tool for performing their jobs

After COVID, 56% of sellers prefer working remote full time.

Only 32% of sales pros report that a virtual sales process requires more meetings to close deals.

83% of Sales Professionals Report Working on Weekends

77% of sales professionals say their organization is planning to invest more in sales intelligence tools

It takes an average of 8 interactions to secure a meeting with a prospect

74% of CSOs report they have recently or are currently updating their seller skills profile for virtual selling, and 61% of CSOs are already investing in new technology to enable virtual selling.

Remote Sales Management: 67% Find It More Challenging Than Expected

According to a study by Salesforce, the total close rate for B2B deals increased by 10% in 2021 compared to the year before. This is due to an increase in remote selling and sales teams investing more time on proactive outreach.

Companies that are experiencing the most growth generate 40% more of their revenue from tailored engagements than those expanding slowly.

More Customer Engagement Stats

Americans Spend 36% of their Shopping Budget Online

Around 45% of web store payments are made with digital and mobile wallets

33% of US Females Aged 18-34 Say They Would “Ideally Buy Everything Online”

Omni-Channel Engagement Preferred by Almost 78% of Customers

71% of salespeople are using social selling tools

41% of companies struggle to quickly follow up with leads

More than Three-Quarters of Online Shoppers Would Like their Orders Shipped the Same Day

40% of all customer interactions will be automated through AI and machine learning by 2023

Only 60% of sales reps meet quota

44% of People go Directly to Amazon to Start their Product Searches, Compared to 34% who use Search Engines like Google, Bing, and Yahoo to Search for Products

Ready to reinvent your sales process and tools?

One quick call and we'll share our approach - no pressure.

Schedule your demo