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Cold calls
are like
ocean storms
Your goal is to navigate to calmer waters:
a booked meeting
Gong.io |
Cold calling is a game of inequality
1.5%Average success rate
This number is highly misleading
Most cold callers are like
This guy.
You want to be like
This guy.
These insights are your
Compass
Your first tidal wave to overcome:
Your Cold Call
“Opener”
Gong.io |
Opening lines that don’t work
SuccessRate(BookedaMeeting)
3
2
1
0
Baseline Using the Phrase
Opening lines that don’t work
Did I catch you
at a bad time?
Despite once being the go-to
opener for sales development
reps, the data shows that using
this phrase reduces your chances
of setting a meeting by 40% right
off the bat.
-40%
Gong.io |
The Anatomy of Opening a Cold Call Successfully
“Hi John, this is Chris Orlob calling from Gong.io --
How have you been?
John the reason I’m calling is…
Gong.io |
Their Name, Your Name, Company Name.
- Saying their name doesn’t make you successful. But failing to do it makes
you unsuccessful.
- Important people give their full name upfront.
- Stating your company name ensures you maintain control of the
conversation
Gong.io |
The Anatomy of Opening a Cold Call Successfully
“Hi John, this is Chris Orlob calling from Gong.io --
How have you been?
John the reason I’m calling is…
Gong.io |
Opening lines that don’t work
SuccessRate(BookedaMeeting)
12
8
4
0
Baseline Using the Phrase
The Most Successful Opening Line
How have you
been?
This phrase is a pattern interrupt
that’s unexpected and
“scrambles” the prospect’s brain
in a good way. Sure, it may sound
like you’ve met before, but it’s not
an overly unusual question to ask
and will likely get a response that
moves the conversation forward.
6.6x
Gong.io |
The Anatomy of Opening a Cold Call Successfully
“Hi John, this is Chris Orlob calling from Gong.io --
How have you been?
John the reason I’m calling is…
Gong.io |
Opening lines that don’t work
SuccessRate(BookedaMeeting)
6
4
2
0
Baseline Using the Phrase
State the Reason-
Humans Crave Reason
The reason for
my call is...
Successful cold calls have a
longer average monologue
duration.
Humans crave reasons, even if
they’re not particularly strong
reasons. People just need
something to explain what’s
happening. Opening your cold
calls with this phrase fits a
familiar pattern that puts your
prospect’s mind at rest.
2.1x
Gong.io |
Opening lines that don’t work
Likelihood of
Completing
Favor
(%)
Compliance skyrockets when you give reasons
No Reason Real Reason Fake Reason
94
60
93
The Copy Machine Study
“A well-known principle of
human behavior says that
when we ask someone to do us
a favor we will be more
successful if we provide a
reason. People simply like to
have reasons for what they do.”
Robert B. Cialdini
Iceberg Ahead!
Avoid the Discovery
Trap
Gong.io |
Cold Calling Isn’t about Discovery - It’s about Selling
the Meeting
Gong.io |
Opening lines that don’t work
MonologueDuration(Seconds)
45
30
15
0
Baseline Using the Phrase
Secure Your Platform to
Sell the Meeting
Don’t be afraid
to monologue
Successful cold calls have a
longer average monologue
duration
Be careful with correlation and
causation here. Maybe
monologues like this cause
success. But maybe the reps were
given the opportunity to speak for
that long as a result of something
else. Either way, buying time is the
name of the game.
+50%
25 sec
37 sec
Gong.io |
Opening lines that don’t work
Successful Cold Calls
Using the Phrase
Talk More
Top reps “own” more of the
cold calling conversation
The optimal “talk-to-listen” ratio
for discovery calls is as low as
46:54. But cold calls are different.
The optimal talk-to-listen ratio for
successful cold calls is higher than
unsuccessful ones, with reps
talking more than their prospects
Unsuccessful Cold Calls
Talk Listen55% 45%
42% 58%Talk Listen
Gong.io |
Opening lines that don’t work
MonologueDuration(Seconds)
9
6
3
0
Unsuccessful Cold Calls Successful Cold Calls
Don’t Expect
Monologues Back
Successful cold calls actually
have shorter prospect
monologues
Successful cold calls actually don’t
have long bursts of talking from the
customer. Remember your job is
not discovery. It’s to get the
meeting.
8 sec
3.5 sec
Gong.io |
Know Your Buyer
We made it!
How do we make sure we
STAY here?
Gong.io |
If you can, schedule for the afternoon
Gong.io |
...Most BDRs do the opposite
Gong.io |
How long should your meeting be?
Gong.io |
They are more likely to show up to a 30 min. meeting
Gong.io |
The Takeaway?
Prepare. Go in with a plan.
www.gong.io/blog

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Cold Calling Tips: The Anatomy of Successful Cold Calls

  • 1.
  • 3. Your goal is to navigate to calmer waters: a booked meeting
  • 4. Gong.io | Cold calling is a game of inequality 1.5%Average success rate This number is highly misleading
  • 5. Most cold callers are like This guy.
  • 6. You want to be like This guy.
  • 7. These insights are your Compass
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  • 12. Your first tidal wave to overcome: Your Cold Call “Opener”
  • 13. Gong.io | Opening lines that don’t work SuccessRate(BookedaMeeting) 3 2 1 0 Baseline Using the Phrase Opening lines that don’t work Did I catch you at a bad time? Despite once being the go-to opener for sales development reps, the data shows that using this phrase reduces your chances of setting a meeting by 40% right off the bat. -40%
  • 14. Gong.io | The Anatomy of Opening a Cold Call Successfully “Hi John, this is Chris Orlob calling from Gong.io -- How have you been? John the reason I’m calling is…
  • 15. Gong.io | Their Name, Your Name, Company Name. - Saying their name doesn’t make you successful. But failing to do it makes you unsuccessful. - Important people give their full name upfront. - Stating your company name ensures you maintain control of the conversation
  • 16. Gong.io | The Anatomy of Opening a Cold Call Successfully “Hi John, this is Chris Orlob calling from Gong.io -- How have you been? John the reason I’m calling is…
  • 17. Gong.io | Opening lines that don’t work SuccessRate(BookedaMeeting) 12 8 4 0 Baseline Using the Phrase The Most Successful Opening Line How have you been? This phrase is a pattern interrupt that’s unexpected and “scrambles” the prospect’s brain in a good way. Sure, it may sound like you’ve met before, but it’s not an overly unusual question to ask and will likely get a response that moves the conversation forward. 6.6x
  • 18. Gong.io | The Anatomy of Opening a Cold Call Successfully “Hi John, this is Chris Orlob calling from Gong.io -- How have you been? John the reason I’m calling is…
  • 19. Gong.io | Opening lines that don’t work SuccessRate(BookedaMeeting) 6 4 2 0 Baseline Using the Phrase State the Reason- Humans Crave Reason The reason for my call is... Successful cold calls have a longer average monologue duration. Humans crave reasons, even if they’re not particularly strong reasons. People just need something to explain what’s happening. Opening your cold calls with this phrase fits a familiar pattern that puts your prospect’s mind at rest. 2.1x
  • 20. Gong.io | Opening lines that don’t work Likelihood of Completing Favor (%) Compliance skyrockets when you give reasons No Reason Real Reason Fake Reason 94 60 93 The Copy Machine Study “A well-known principle of human behavior says that when we ask someone to do us a favor we will be more successful if we provide a reason. People simply like to have reasons for what they do.” Robert B. Cialdini
  • 21. Iceberg Ahead! Avoid the Discovery Trap
  • 22. Gong.io | Cold Calling Isn’t about Discovery - It’s about Selling the Meeting
  • 23. Gong.io | Opening lines that don’t work MonologueDuration(Seconds) 45 30 15 0 Baseline Using the Phrase Secure Your Platform to Sell the Meeting Don’t be afraid to monologue Successful cold calls have a longer average monologue duration Be careful with correlation and causation here. Maybe monologues like this cause success. But maybe the reps were given the opportunity to speak for that long as a result of something else. Either way, buying time is the name of the game. +50% 25 sec 37 sec
  • 24. Gong.io | Opening lines that don’t work Successful Cold Calls Using the Phrase Talk More Top reps “own” more of the cold calling conversation The optimal “talk-to-listen” ratio for discovery calls is as low as 46:54. But cold calls are different. The optimal talk-to-listen ratio for successful cold calls is higher than unsuccessful ones, with reps talking more than their prospects Unsuccessful Cold Calls Talk Listen55% 45% 42% 58%Talk Listen
  • 25. Gong.io | Opening lines that don’t work MonologueDuration(Seconds) 9 6 3 0 Unsuccessful Cold Calls Successful Cold Calls Don’t Expect Monologues Back Successful cold calls actually have shorter prospect monologues Successful cold calls actually don’t have long bursts of talking from the customer. Remember your job is not discovery. It’s to get the meeting. 8 sec 3.5 sec
  • 27. We made it! How do we make sure we STAY here?
  • 28. Gong.io | If you can, schedule for the afternoon
  • 29. Gong.io | ...Most BDRs do the opposite
  • 30. Gong.io | How long should your meeting be?
  • 31. Gong.io | They are more likely to show up to a 30 min. meeting
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  • 36. Gong.io | The Takeaway? Prepare. Go in with a plan.

Editor's Notes

  1. Navigating a cold call successfully is like navigating an ocean liner through an ocean storm. Your goal is to get to paradise, but there are a lot of violent waves that can sink your ship
  2. Most people are navigating on ocean liner without knowing how to operate it, which explains the dismal success rate of most cold callers. But it’s a game of inequality. Get your ocean liner training, and you’ll enjoy unfair share of success. Cold calling is a game of inequality. You want to be in the “1%
  3. This is a quote about good writing. I'm going to present that and say the same rule is applicable3 to cold calling. Every sentence you utter should accomplish one thing: Entice the prospect to listen to your NEXT sentence, which means you have to be very intentional (and economical) with everything you say
  4. The entire cold call is a maze for you to navigate to secure a platform for you to sell the meeting (monologue). A few econonical discovery questions might help. But only to inform your pitch. (no more questions in successful vs. unsuccessful cold calls).
  5. The entire cold call is a maze for you to navigate to secure a platform for you to sell the meeting (monologue). A few econonical discovery questions might help. But only to inform your pitch. (no more questions in successful vs. unsuccessful cold calls).
  6. Notes -