Why Don’t Your Prospects Want to Meet With You?

What does “I’m not interested” really mean?

Photo by Konstantin Pelykh/dpc
Photo by Konstantin Pelykh/dpc

A subscriber recently wrote to me about her struggle to turn cold calls into appointments. She is new to the radio sales business, and has been surprised and a bit disheartened at the rejection she’s faced.

I have never done sales before and while I have no issues with being assertive, I keep finding myself struggling to assure the clients that our radio station is where they want to be before that irritating phrase, “We’re not interested… click[phone hanging up!].”

I believe in this station and the amount of ears we reach with just one broadcast/advertisement, but I am not a rude person by any means and almost feel… well rude when I try to push past that initial turn down! How do I overcome this feeling and open myself up in the sales world?

It’s tough to tell what’s happening when it’s reported in an email, but I’ve made and witnessed enough cold calls to take some educated guesses.

What “Not Interested” Actually Means

One possibility you should not discount: they are genuinely not interested, and nothing you can say will convince them to meet with you. You have zero chance with these people, and your best bet is to move on to someone else as quickly as possible.

More likely, this is what phone sales expert Art Sobczak calls the Triple-R: Resistant Reflex Responses. “They are attempts to get salespeople off the phone. And they usually work. So prospects keep using them.”

How do you tell the difference? Sometimes you can smoke out the answer with a couple of well-placed questions.

In his book Smart Calling: Eliminate the Fear, Failure, and Rejection from Cold Calling, Sobczak talks about an approach that’s worked well for one salesperson:

Inside Sales Rep Jeff Wirsling responds, “That’s fine, Mr. Client. In the event something changes with your current service/supplier, would it be all right if I stay in touch?” Then he questions what would need to change, placing him into a sales conversation.

This won’t work every time. It might fail most of the time.  But if it works on, say, a third of your “not interesteds”, it can significantly increase the number of productive sales conversations you have.

Obviously, if the customer hangs up or won’t give you permission to stay in touch, you have your answer and can move on without guilt. It’s worth a shot to see if the client is… worth a shot.

Sales Skills: Preventing “Not Interested”

A very good, experienced seller once told me that 20% of the people he called weren’t going to interested no matter what he said, and 10% were interested enough to give him an appointment even if his approach wasn’t very good. The other 70% might be interested… if he said the right things when he called.

How do you increase the odds of convincing that 70% in the middle?

It helps to open the conversation with something that gives them a reason to be interested.

Take a good look at your initial approach on the phone. If you are telling people you want to come out and talk about your radio or television station, or that you want to talk to them about advertising, you increase the odds of hitting a brick wall. Most businesspeople aren’t going to care about your radio station, and they aren’t interested in “advertising”.

[shareable]Bernstein’s Postulate: Nobody cares about your station. Talk about what THEY care about[/shareable]

What do they care about? Here are some topics that are more likely to get them interested

  • More traffic to their website
  • More customers walking in the door
  • More sales

Look at scripting an opening that tells them that you have some ideas to help them find more customers and make more sales. An effective opening quickly communicates three things to the prospect:

  1. There’s a reason you’ve decided to call them. Examples include learning of a new product or location. Perhaps you saw or heard their ad on a competitor. Or you were in their store and saw something that caught their attention.
  2. You have something that could be valuable to them — and that’s not your “First Quarter Fire Sale Package”. It’s an idea to help them accomplish something important to them.
  3. You know something about them already, but need to know more.

Here are some examples of the form, with calls made by a fictional Account Executive at my old employer:

 

“Mr. Swanson, this is Margaret Dumont with KEX Radio. I read about your upcoming expansion in The Business Journal, and have some ideas that can bring more customers to your new location. I’d like to meet with you early next week to find out a little more about what direction you’re heading.”

or ”

“This is Margaret Dumont with KEX Radio. I saw your ad in the newspaper this morning, and think you may be missing an opportunity to generate more leads, and more qualified leads. I’d like to meet with you next week to find out a little more about where you’re trying to go with the campaign.”

or

“This is Margaret Dumont with KEX Radio. I read your press release online the other day, and have some ideas to turn the excitement about your new product into sales and revenue. I’d like to meet with you next week to find out a little more about the problem the product is designed to solve.”

 

In three sentences, the caller  identifies herself and then quickly turns the focus of the call to the customer and how the customer might benefit from meeting with her. It sounds different from what most of the other salespeople say, and can buy you a few seconds to convince the prospect that you are different.

Will this work on everyone? Emphatically not. “Not Interested” has always been part of sales and always will be. And there is more rejection in Year One of a sales career than in any other — a big reason why so many sales rookies never make it to Year Two.

The best way to reduce the number of “Not Interesteds” is to open the conversation with something with something your prospect will find interesting.

[reminder]How have you turned “Not Interested” into a productive sales conversation?[/reminder]

3.4 Ways to Find New Advertising Prospects

20% of your account list is going to disappear every year no matter how good you are. So you’ve got to be looking for new business every single day.”

That information was given to me by an experienced radio salesperson when I was a rookie Account Executive a long time ago.

I’ve never seen the 20% figure confirmed in an actual study, but my fifteen years on the street convinced me that it was probably low.

sales tip: always hunt for new business
photo by rodimovpavel
  • Business get bought and sold. Sometimes they shut down.
  • Marketing directors come and go. They get promoted. They get fired. They get seduced by advertising agencies who tell them they can “buy it cheaper.”
  • Good relationships go bad, sometimes for reasons completely out of your control. An AE I know in Texas lost an HVAC client because her boss — the station GM — refused to pay his bill when they fixed his air conditioner.

Sooner or later, it’s gonna happen to you. So you’ve got to keep hunting for new customers to replace the ones who disappear.

Here are 3.4 ways to do that.

The .4
An Exercise for Small-Market Salespeople

If you work in a small market, it’s easy to convince yourself that there’s nobody left to talk to. It’s not true — a search engine can teach you that the math is in your favor.

Google “How many businesses are in [Name of Your Town] and look for the listing from Manta.com. Manta is a business search engine that keeps track of this stuff, and will give you a quick raw number. Here’s an example I showed an AE in Medford, Oregon.

salespeople should use Google

13,00 sales leads in MedfordImagine that. 13,859 companies in little Medford, Oregon.

Were all 13,859 companies good prospects for TV or radio advertising? Nope. But some of them were. There were five salespeople on the station’s staff, which gave each one more than 2,000 to investigate.

If you work in a small market, go to Google and find the Manta number for your community.

The Other Three Ways to Find New Local Advertising Clients

  1. Avoid your own media property. The clients on your radio or TV station are already taken. The money’s on the other guys… watch or listen to the competition instead. When you go online for news, don’t go to your site — go to a competitor’s site. Make note of the advertisers you see and hear.
  2. Subscribe to your local daily newspaper and read it. On paper. Every day. Your newspaper publishes its account list every day and will deliver it to you for a small fee. And “the paper” remains a reliable source of information about your local business community.
  3. There’s an AM/FM radio in your car. Use it. Don’t talk on the phone when you drive, or listen to CD’s or satellite. You can find local money being spent on local radio — turn it on and let the leads come out of the speakers. For local direct clients, news/talk and country tend to do particularly well. It doesn’t matter if you like the music, or agree with the host. You’re interested in the commercials. Reminder: if you work in radio, the money’s on the competition.

Bonus tip: New opportunities are everywhere if you’re looking for them, and we forget things quickly. Carry a small paper notebook and pen with you at all times. The easiest way to remember is to write it down. You can use your smartphone, but I’ve found it quicker and easier to use an old-school analog notebook for the task.

Moleskine makes a good notebook, but I’m partial to the $9.00 Ecosystem Journal, which fits in my back pocket and has perforated pages.

[reminder]Where do you find new leads?[/reminder]