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Thursday, May 8, 2008

Consumer borrowing unexpectedly surges in March (AP)

AP - Consumer borrowing rose in March at the fastest pace in four months, more than double the increase of the previous month, in what was seen as a sign of rising economic stress.

My boss was screaming, Theyve got your money! Are you gonna let them take your money? Grab them through the phone and ring their necks till they give you your money!

The required response was any sort of scream or violent flailing. I left the office and never went back. Of the three days I had been selling marketing services to auto dealers, I was already on top of the board. But the work environment was miserable.

A cold calling environment on any level must be disciplined. But yelling and banging gongs and ringing bells and over the shoulder direction during calls fosters an attitude that is less than professional. And how can you attract professionals to work in that kind of environment?

There are three simple actions an outbound cold call manager can take to keep production high while building a professional team:

1. Provide each caller their own space. This means a relatively sizable space with significant room between callers. The sound quality will be much better (great for the prospects perception) and your caller will feel more comfortable.

2. Limit surveillance to numbers. This applies to established callers beyond a training period. On a day to day accounting of the callers production, let the numbers speak for themselves. Only interfere when the numbers take a drastic or sustained decline.

3. Provide call support on a non TO (turn over) basis. TO is when a caller has a good prospect on the line, puts them on hold and then a manager picks up to close or spike the call. Dont do it! Have your initial caller establish a follow through based on commitment. Have the prospect commit to a second separate call, at a specific date and time, either with themselves or with the manager.

While these simple actions may seem counter intuitive, they work well over time. Follow these directions and you will decrease costly employment turnover. A team sense will then grow. Reinforce pride in your team by treating them as the professionals they are.

Good Luck.

Feel free to submit any questions to:
Email: info@rdibizdev.com.
Phone: 773.267.3001 ext. 115
Website: http://www.rdibizdev.com

Thomas Hannon, Managing Partner, RDI, Inc.

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