Sales process pays: finding the right level of persistence – Leads360 Blog
Sales process pays: find the right persistence level
- Post by Jorge Jeffery
- December 19, 2012
The combined results of Velocfiy secret shopper studies over the last 24 months revealed that alarmingly, 42 percent of web inquiry forms submitted never received a phone response from the sales teams of those respective organizations, despite the request. Of the organizations that did respond to our inquiries, we found that most salespeople gave up too quickly when trying to reach us. In fact, on average, we found that reps gave up after just one or two call attempts (average of 1.6 attempts per inquiry to be exact). What most sales leaders and salespeople don’t realize, is that it pays to make contact attempts beyond the first two. But how many calls are too many? When should you call it quits and move on?
The chart above indicates that more than half of all leads that convert are not contacted on the first call attempt. Clearly, one should not give up after making only one call attempt, given the sales conversion jump that occurs from one call to two. The gain in lead conversion continues through the third attempt and beyond, suggesting a compelling proposition in repeated outreach until the curve begins to flatten. Although the probability conversion does drop with each call it takes to contact someone, our research suggests that on average, a six call sales process is optimal. After six attempts the prospect goes into a nurture campaign. The additional conversions you will likely gain by making up to six call attempts to reach a prospect are probably worth your while, but due to the law of diminishing returns, contact attempts after the sixth try are less valuable and may not be justifiable.
For more valuable information about the ideal number of calls and email messages to maximize conversion and productivity, you can click here to download our recently released Ultimate Contact Strategy report. You can also refer back to our previous chart of the month that offers more insights on the ideal time of day to reach out to a lead here.