Greg, I want to be very clear with my response and up front;
I believe at best your reponses are confusing in this thread.
Trying to say that the suggested rule of engagement of TOP DOWN is invalid because you did not call the Australian Prime Minister to get approval to begin discussion in a B2G situation when I was sharing the reasons why in a B2B sale we do one thing or another is clearly comparing Apples and Oranges.
Shall I now similarly make a pooint by suggesting people should call a man's wife to get approval to speak to her husband about life insurance, which is a B2C sale? Come on now, this is stretchign a bit isn't it???
Perhaps you are taking things a little too personally? This is just a suggestion as I don't know you but if we are to try and understand what the highest probability for concluding a B2B sale is beginning with a phone prospecting call, we have to stay on point and ... well ... refrain from making wild comparisons.
what else is confusing in your post? Names in B2B sales ... Managing Director instead of President ... Australia/U.K. vs. North America ... yah, we know. Many of us have called on many a U.K. and Australian companies and know that culture in terms of names is different
(I was born in the U.K. and do business there every week), in terms of who makes the final decision about major decisions - it is not.
Reaching the wrong person 35% of the time in my line of work is considered a very high failure rate, not a low one. And by this I do not mean you convert that many into appointments, I mean you don't reach teh right person nearly EVERY TIME you get through ... !
This is a confusing statistic at best.
Reaching someone who would listen to you is not really selling. In terms of serious sales propositions you might say the point is that senior executive MUST be involved in the final decision, thus you must interact with them as well as any other party involved in that process, such as engineers. But really, to us, the point is; are we wasting our time ... or;
How is our time best spent?
Knowing that most decisions must be made at a higher level, you can be making a huge mistake with almost all but the most minor decisions by NOT starting out at or near the top. The main reason why is; if you get approval at a lower level, meaning that middle management person has shown a desire to buy, that is all you have, it is not an order!
If this middle management person does not have the ability to convince the senior management of your product's benefits you are unable to go over that person's head without creating animosity and internal political situations.
IN ALMOST EVERY CORPORATE CULTURE IN AUSTRALIA, CANADA, UNITED STATES OR THE U.K. EVERYONE WHO WORKS IN A BUSINESS DOES NOT WANT TO APPEAR STUPID OT TO SEEM TO HAVE MADE A MISTAKE.
I work with an Industrial Consulting firm (one of my clients), they are working in all four countries. The President of that firm and I had a few pints at a pub last week and spent half an hour talking this culture thing out. It is clear that though terms are different people feel the same about themselves.
There are other reasons why you start at the top and work down. But admitting that you deny yourself the ability to sell because you rely on a non sales person to sell for you inside their organization is really the first step in understanding why we don't start where the operator points us.
But you started out discussing a website to get the names of executives. I use them and Hoovers.com ... and can tell you that the use of such information would not prevent screening. As you almost always run into an Executive Assistant at top levels. This person may not be instructed to screen calls but they might and you cannot risk it.
In other words, it matters not where you get the name, what matters is you may incur screening at any level during a call. Thus you need to know as much as you can before the call but, ultimately, this is irrelevant. Totally irrelevant ... if you cannot be creative to get past the person who may or may not end up being a PALACE GUARD then you are dead right there - the party is over before it began.
Listen, mate, listing 50 top companies that bought is not an argument that you should not use the best possible odds to succeed, not at all. It only goes to prove what we have always known in our industry about the law of averages.
I could make this point by saying "I have seen engineers get orders who knew not one thing about sales." But even that, though telling, is not a strong enough argument to win a skeptic over. What does put the nail in the lid of the coffin on this argument is the law of averages itself ... take this example ... the sale sindustry has thoroughly proven that even if you are unable to speak, if you make enough calls, you will get orders!
In case you think this last statement is not in the spirit of this website and forum, think again. I am not kidding. This is how our most popular sales training session begins, seriously!
I am never impressed by who has who as an account. I have a client who has never been taught a thing about selling that got himself into R.I.M. (BlackBerry) last week and I know he is good at his consulting gig but he sure ain't anything in comparison to me as a sales guy.
Trust me or trust research, I could care less. But I tell you now; if you want to succeed beyond your wildest dreams, learn to apporach senior executives and work down, I promise, you will kill everyone else on your sales team except those who do the same.
If you are an order taker, this post and all my posts aren’t for you. I do not specialize in small sales. But if you are a B2B sales rep who is making serious approaches ... to medium to large businesses ... no matter where they are in the English speaking world, use that which has the highest probability of success, which is doing your own selling. Don't rely on middle management to get approvals for you.
Bets of luck always.
Call preparation is the single most imperative idea about cold calling. Before you make a call, you should understand the client, the industry, and perhaps any competitive issues. Never call a client without premise. Doing so is as foolish as selling those gadgets and gizmos through television infomercials. Those foolhardy programs are concerned about inventory, where your motive is to establish relationship. In fact, one myth about cold calling is to validate that you call to introduce a possible relationship not to sell anything. Your mission is simply to get the prospective client to continue conversation.
Since your mission is to establish a relationship, you need to consider whom you will call and your call motive. Names of those to call can be purchased through database management systems, or obtained through referrals or reading industry periodicals. However, a name is a good as the paper. You need to determine your topical approach, to develop this gain ideas from reading industry newsletters, reading the regional paper, look at customer relationship systems such as www.Hoovers.com or
www.LeadershipDirectories.com . In addition, consider reading The Wall Street Journal, The Washington Post of The New York Times to discover company, economic and industry issues.
This is one of nine steps required for cold calling success. However without proper preparation 87% of cold calls will fail.
Drew Stevens
Author of Split Second Selling -Drew Stevens