Thursday, January 29, 2009

Lower The Cost Of Finding New Clients, Use A Telemarketing Firm

By Terry Stanfield

During a recession, it is important to see where you can make the business more efficient. An outbound prospecting firm can allow you to gain more clients because it can be more efficient and cost effective. This article will explain why a prospecting company can be cheaper in finding new clients.

A prospecting company focus on the activity most people hate. One of the hardest jobs for any salesperson is to do prospecting. Using an outbound prospecting firm can allow your salespeople to focus on current customers and their needs so that business can increase both with current customers and with new customers.

Using a prospecting company can allow you to spend less time on the phone with uninterested customers. You can focus yourself on those activities which help grow your business.

You are able to focus your valuable time prospecting the individuals who are interested in your business. This lowers your cost in finding new clients because you do not have to deal with the tedious process of identifying interested individuals.

One of the first areas of spending any business cuts during a recession is marketing. If you have to cut your marketing spending, you can reallocate dollars to outbound telemarketing and increase your sales at a lower cost to your marketing dollars.

Most people are not interested in telemarketing and put this activity off. This reduces the sales pipeline and increases the costs to find new clients.

Businesses or individuals often are more receptive to ways to save money during a recession. a prospecting company can have greater success due to this cost consciousness during tough econmic times than during an economic boom.

Many outbound prospecting firms have telephone automation systems that normal businesses do not have. This allows them to touch sometimes five to six times as many prospects as your salespeople do.

McGraw-Hill did a study to compare maintaining marketing activities and dollars versus reducing them during a recession. They found that those who maintained and increased this dollar amount enjoyed a 275% increase the first year after a recession and this is a spectacular argument why to spend money on an outbound telemarketing company.

You can use a prospecting company as part of your marketing strategy and allocate your dollars to the most productive activities. If you find that the prospecting company is more effective than advertising, you can reallocate marketing dollars to the prospecting company which lowers your cost per new client. Cost per client is an important measure to see that you can grow new business in an efficient manner. An outbound telemarketing company offers you a way to test if you can lower that cost per client while still increasing sales|business|the bottom line. - 15246

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