The purpose of 99% of all businesses is to make a profit. There are lots of ways you can make a profit but making more sales is always a good place to start. There are in turn lots of ways of making sales and one of the quickest is by using telemarketing.
You are most likely reading this blog post because you understand the power of telemarketing but you are unsure how it could work for your business and whether you should build an in-house telemarketing team or whether to outsource to a company like us.
We have many years experience in sales and business development. We are experts in telemarketing and have managed many campaigns in many different sectors.
Whatever your telemarketing goals are this document will hopefully enlighten you.
Why are some campaigns a success and some a failure?
Making a profit is probably one of your prime objectives in running your business. Without making sales this prime objective will no doubt become very difficult.
Lots of companies experience great success using telemarketing and equally lots of companies don’t. We believe the biggest reason for success or failure is down to the people who undertake the telemarketing.
Outsourcing?
Take a look at the financial and legal needs of your company. Do you take care of these two business critical issues in house? 90% of all companies outsource their financial and legal work, and why wouldn’t they? Why would you employ an accountant or a solicitor on PAYE for 365 days a year? These are critical areas of business that require expert input at the right time.
Despite our desire for control of all aspects of our businesses we all outsource many different services. Just picking up the phone or sending a letter means an outside agency is in control of part of the day to day running of our businesses. Outsourcing is so common most of will not even realize we are doing it.
Telemarketing should be no different. You will need to be careful to choose the right people for the job like in any other aspect of your business and there are ways to ensure you do this.
The first person your prospects are likely to speak to will be your telemarketing agency. Talk to the agency. What are they like? What do they sound like on the phone? What relevant experience do they have?.
In-House or Outsource?
Outsourcing business critical services is commonplace, especially telemarketing. But why?
Capital Investment
Unless a company is cash rich, capital investments are a drain on your working capital and are generally avoided by growing businesses. When considering setting up an in house telemarketing operation it pays to consider that an outsourced supplier of telemarketing will buy in all the necessary kit to fulfill the operation, not you. This can range from a PC to the chairs the telemarketers sit on sit on.
Setting up an in house team requires a capital investment from the office space they take up all the way through to many unforeseen costs. Equipment costs are obvious but consider insurance liabilities, security risks and increased maintenance bills. For you this could mean checking your team are not surfing the net or calling friends in your time!
Bringing in an outsourced team means you get exactly what you pay for with no capital expenditure or staff management issues. It all comes down to the bottom line!.
Training Costs
Employ mediocre personnel and they will require more training. It is your energy and time that will be drained and the question ‘what is your time worth and what is the real cost of losing that time in training?’ should be asked.
Proffessional telemarketers will need a brief and a period of product training and can then hit the ground running. There are certain skills required in telemarketing but it is experience where professionals learn their trade and using a professional telemarketer with years of industry experience will mean you can instantly benefit.
Recruitment Costs
The turnover in most call centres is similar to that of a fast food restaurant. You have to consider just how much this type of transient workforce can benefit your business.
If you are going to set up an in house telemarketing department you have too evaluate the true cost.
When setting up an in-house telemarketing operation you must be careful to measure the true costs. Finding the right staff will mean interviewing tens and tens of candidates to find possibly one ‘right person’ In reality you probably wont have that many candidates from your advertising or any agency you are using meaning you may recruit the wrong staff who don’t ultimately work out.
Using an outsourced telemarketing company means that all your recruitment expense has already been taken care of by the telemarketing agency saving you potentially thousands.
Missed Opportunities
There is always a danger of inexperienced telemarketers missing opportunities and losing potential income.
An experienced telemarketers may spot these opportunities and gain income and build a large pipeline of sales opportunities.
Not everyone wants to be a telemarketers or is indeed a very good telemarketer. Telemarketing may be seen as a necessary evil for a start up company and it’s management in the early days but something a company will not wish to undertake for any length of time.
A team of professional telemarketers will actually enjoy the challenge of speaking to business people of all levels and building instant rapport and uncovering leads and appointments.
Only experience can build the skills required to respond to inflections in someones voice, subtle buying signals and be able to quickly understand a situation to get the most from it.
Hit Rates
Often the hardest part of telemarketing is getting past the gate keeper and actually talking to the descicion maker. When a telemarketer manages to negotiate there way past a gate keeper there is only a small window of time in which to engage the descion maker, build rapport and achieve what you want from the call.
Every market is different and the success you gain can come down to many different factors such as the type of industry you operate in, are you offering a unique product and are they exciting?.
Whatever the answer you can garauntee that a team of professional telemarketers will be able to generate more opportunites and leads than a mediocre person working in house.
True Results or False Positives
There are many ways for mediocre telemarketers to produce false positives. This can be down to lack of skill and grasp of what is a good lead or appointment or because they want to exaggerate their performance.
The telemarketing industry in the UK is experiencing year on year growth. With this growth comes the natural divide between good and bad outsourcing companies and everyone in between. The difference in the pay scale between someone receiving inbound calls is vastly different to the high level professionals making outbound calls. In between the two ends of the spectrum are people in between who want the pay scale of the outbound calling professionals but are actually closer to the level of inbound call handlers.
There are a number of ex call centre staff looking to work for companies who have worked in environments where false positives are the norm and false positives only mean false economy.
A team of outsourced professional telemarketers survive and thrive on generating leads and producing results and by using them your investment can be rapidly repaid and then turned round into a healthy profit.
Metrics and Results
The truth about metrics and results is that a professional telemarketer will produce better results than an average one. An average telemaketer may make 100 calls each and every day achieving average results, maybe 1 appointment and 1 lead per day. A professional telemarketer may make 50 calls and produce excellent results, perhaps 5 appointments and 3 leads per day.
Results are the only real gauge of success so always put the emphasis on them and not the amount of calls made.
Pay as you go V PAYE Part1
Employing people is an incredibly risky business. If it took you 6 weeks to train someone in the basics of your business you would have already invested a lot of time and money and only at this point will you really have an idea if they will actually fit in to your team.
An average telemarketing person might not the produce real results for weeks of live calling. They may even alienate prospects and inadvertently destroy your database!.
By employing an outside agency you will know that after the first 48 hours of learning about your company results will shortly follow.
Pay as you go V PAYE Part 2
Everything in the business world moves quickly – budgets and situations change constantly. This requires a large degree of flexibility.
Using an outsourced telemarketing agency to generate appointments and leads means you can use them as and when you need them. After all your sales team can only handle a certain amount of appointments!. Having an in house teams means you will need to pay them regardless of wether you need more appointments or not. An in house team is a fixed cost you cannot change. A small flexible outsourced telemarketing team working to match your needs can offer huge advantageous as direct tailored costs you can choose. You could use 1 telemaketer 1 day a week or several telemarketers every day of every week for a month.