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Cold Calling By the Numbers

I am very curious to know what type of results everyone is experiencing with their cold calling. What are the norms?

Call 100, reach 50 decision makers, set 5 appt., sell 1 product...

OR

Call 200, reach 40 decision makers, set 6 appt., sell 1
(Something like this but with your results.)

Every industry is going to be drastically different. It is more difficult to sell a $10,000 product over the phone than a $100 product. The purpose of this thread is not to find out who is the best, it is to find out what results are typical. It's interesting to know what the norm is for each industry or product.

Also, if anyone knows of a good article on this I would love to read it. - by cjp231
There are too many factors involved for me to try and quantify the "norms". I am not sure it would help to know what everyone else, the "norms", are doing. I would much rather hitch my saddle to a rising star if you know what I mean. - by Vito
It is more difficult to sell a $10,000 product over the phone than a $100 product.
That statement is not really accurate. People who use the phone to sell a 10k plus ticket usually work a very select market of qualified buyers. If they are experienced in the field, their percentages are rather high--higher than those selling a small ticket.

There are no universal norms. - by Ace Coldiron
The laws of average would assume that if you call more people you will get more contacts... and more sales as a result.

However, you can't always throw mud at the wall and hope it sticks. I find that a well thought out plan of attack will yield far better results than simply calling 100 people for the sake of trying to find a needle in a haystack.

Here is a scenario that you can take a look at...
Let’s say that you make 50 calls a day. From those 50 calls you actually speak to 10 people. From those 10 people you end up getting a purchase of $5000 over a 12 month period.

That would result in $1,825,000 in revenue each year. It doesn't seem like much... but in the SMB I.T. market that is a good revenue for a salesperson.

However, if you sought out some well targeted prospects you will probably have a better end result.

Of course there are many other factors that come into play here… - by salesfist
I am very curious to know what type of results everyone is experiencing with their cold calling. What are the norms?

Call 100, reach 50 decision makers, set 5 appt., sell 1 product...

OR

Call 200, reach 40 decision makers, set 6 appt., sell 1
(Something like this but with your results.)

Every industry is going to be drastically different. It is more difficult to sell a $10,000 product over the phone than a $100 product. The purpose of this thread is not to find out who is the best, it is to find out what results are typical. It's interesting to know what the norm is for each industry or product.

Also, if anyone knows of a good article on this I would love to read it.
I am also interested in this, I believe that sales are getting better all around the enviroment. - by Charles W. Lawson
When I am cold calling my goal is to arrange an appointment. For some reason, my ratio is always lower during this time of the year. They are always thinking about the holidays. - by Polysquared
When I am cold calling my goal is to arrange an appointment. For some reason, my ratio is always lower during this time of the year. They are always thinking about the holidays.
sn; They are? ;bg - by rattus58
In the words of the Great Mr Warren Greshes......

"It doesn't matter what your average is, it only matters that you know what it is."

Everyone is different and has different success rates according to their style and their customer's style. Calculate the 3 killer ratios with my team every month on a rolling three month average and the one thing I can guarantee is the only one that does not change greatly is the "Quote to Order". If you need more orders, do more quotes, if you need to generate more quotes then speak to more Decision Makers....Rocket Science it is not! - by Mike Cooper
I think numbers are important but I think Mr. Cooper has a point. It's really a matter of getting more quotes out and trying to close as many of those as possible. - by cstjuste
I was engaged in door-to-door cold call selling for 30 years with a consistent "sale to prospect rate" of 14 out of 20. That is, walking into a business cold, meeting the decision maker, creating the desire, finding the money and making the sale 14 out of 20 times.

Keep in mind however, that the selling ratios for the Tupperware and Amway industries are very different for real estate sales or selling private Lear Jets. Your