The key highlights from the ninth of our ongoing monthly coaching calls:
Relationship-Driven Conversations:
- When working with scrubbed leads, it’s crucial to craft precise scripts that compensate for the lack of pre-existing relationships.
- Open-ended questions allow for ongoing follow-ups (e.g., every 30, 60, or 90 days), keeping the conversation alive and creating opportunities for future engagement.
- Building trust is essential. Offer value beyond the product, such as providing useful insights (e.g., home value estimates) to foster credibility.
Optimizing Engagement with Leads:
- Outreach to cold leads can be challenging due to low trust and reluctance to answer unknown calls. Strategies include:
- Sending email introductions before calls to improve answer rates.
- Ensuring a personal and local touch in communications to build trust.
- Timing calls strategically, including evenings and weekends, when prospects are more likely to respond.
- Utilizing personalized video emails to establish a human connection and reduce the “stranger effect.”
Leveraging Predictive Monitoring:
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- Running predictive monitoring alongside inquiry alerts can double or triple deal closures by engaging prospects earlier in the decision-making process.
- Over time, predictive monitoring reduces inquiry alerts as companies intercept leads before competitors.
- Effective predictive strategies rely on identifying early indicators and acting preemptively to secure trust and initiate dialogue.
Challenges with Cold Leads:
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- Limited trust and declining response rates to unknown calls necessitate innovative approaches like personalized emails or CRM-integrated outreach tools.
- Texting can be effective but involves legal considerations, requiring clear opt-ins and careful messaging.
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Effective Follow-Up:
- Avoid instant product pitches; instead, focus on personalizing outreach and providing value that resonates with the prospect’s needs.
- Consistent follow-ups over extended periods (30–120 days) ensure prospects remain engaged and open to future discussions.