Archive for June, 2009

Getting the Best Prospects: Quicker Connect, Quicker Close

Thursday, June 25th, 2009

The common goal for Sales and Marketing is to identify the best prospects and then connect quickly. A recent MIT study shows that if you can catch someone within 5 minutes after they fill out a web-to-lead form, you are 80% more likely to connect with them. If you wait 30 minutes, that likelihood drops to 10%.  Below is a summary of results from a survey by Kellogg School of Management at Northwestern University, and a study by Dr. James Oldroyd of MIT, on the topic of Lead Response Management.Kellogg Lead Response Management Survey OverviewOver the course of four months, Dr. Oldroyd surveyed hundreds of companies that drive web leads to their web sites. The survey represented a broad distribution of company size (ranging from “under $10 million in annual revenue” to over “$1 billion in annual revenue.”)  22 survey questions focused on identifying WHEN the best time was to efficiently contact web generated leads, and HOW to generate web leads that qualify and close at optimal rates.

 Kellogg Lead Response Management Survey Conclusion  

1‐ Wednesdays and Thursdays are the best days to call in order to contact and qualify leads. Thursday is the best day to contact a lead in order to qualify that lead.

2‐ 4 to 6pm is the best time to call to make contact with a lead.  8-9am and 4-5pm are the best times to call to qualify a lead.  4-5pm is the best time to contact a lead to qualify.

3‐ The odds of calling to contact a lead decrease by over 10 times in the 1st hour. The odds of calling to qualify a lead decrease by over 6 times in the 1st hour. After 20 hours every additional dial your salespeople make actually hurts your ability to make contact to qualify a lead.

4‐ The odds of contacting a lead if called in 5 minutes versus 30 minutes drop 100 times. The odds of qualifying a lead if called in 5 minutes versus 30 minutes drop 21 times.

 The MIT Study revealed the following:

1‐ Time of day and day of week each have significant impact, with time of day being the greater of the two.

2‐ Immediacy of response far overshadows both time of day and day of week in its effect on contact and qualification ratios.

3‐ Waiting too long and continuing to push for contact unsuccessfully actually hurts your ability to ever make contact and qualify a lead.

 1. You Know Where They Are

When a person submits a lead in a web form, you know where they are at that exact moment: they are at their computer desk, probably right near their phone. We call this “presence”.

2. You Contact them at the Highest Point of Interest or Need

People search the Internet because they want things now. Interest and need wane quickly. A few days later they often don’t even remember they submitted a lead.

3. The “Wow Effect”

Our sales representatives often experience the “Wow effect” when our web‐form call back technology contacts a person who submitted a lead in less than 5 minutes. They feel that the sales representative must be really on top of things, and that is the kind of person and company they want servicing their account.

To view the entire article, please visit: http://www.genius.com/lp/response/mitStudy.pdf

American Red Cross Renews with Appletree Answers

Thursday, June 4th, 2009

By Brendan B. Read, Senior Contributing Editor of TMCnet.com

Strong partnerships based on excellent, caring, service pays off. Just ask the American Red Cross (ARC) of the Delmarva Peninsula — which serves over 1 million people in Delaware and six counties on Maryland’s Eastern Shore — and teleservices firm Appletree Answering Service.  The ARC has renewed its customer care partnership with Appletree Answers: a relationship that began back in 2000, whose longevity, observers say, is rare in teleservices.

The ARC offers assistance 7/24 to local families when disaster strikes. In 2007-2008 it provided emergency disaster relief after 198 fires, floods and other disasters and offered comfort and emergency needs to 295 families in crisis. The organization teaches lifesaving skills such as first aid, CPR and water safety and disaster preparation training. Over 20,000 people were trained on lifesaving while over 10,000 received disaster education in 2007-2008.

The Red Cross Lifeline program is another invaluable service the local chapter provides. Lifeline, which is a personal emergency response system, offers independence to seniors and other vulnerable people while giving peace of mind to their family and friends. More than 450 seniors and other vulnerable citizens became subscribers between 2007 and 2008.

In addition the ARC chapter helps local military families communicate during emergencies, such as when a family member needs to reach their relative in the military such as a death in the family, severe accident, or illness.  In 2007-2008 it delivered 1,000 emergency communications messages and other direct services to/for active duty, Reservist and National Guard personnel and their families. The Delmarva Peninsula is home to Dover AFB in Dover, Del. the state capital. This air force base is home to the 436th and 512th Airlift Wings which carries personnel, materiel, cargo, and sadly, the remains of those who died in the service of their country.

Appletree Answering Service provides ARC with customer care for all of these services and more, including card activation calls (when a victim is need of funds, the ARC gives them a card for use and it handles the activation) and media inquiries. It has 49 call center agents who handle their calls. Each agent assigned to them is individually trained on the account by a manager or supervisor. 

The firm says its value to the ARC is the ability to demonstrate empathy with very difficult calls: people who have lost their homes in a fire or parents calling for their children in the military to report a death. The call center agents accurately take the necessary information needed and efficiently provide it to the on-call caseworker for the American Red Cross.
“The reputation of the American Red Cross of the Delmarva Peninsula has been built over the past 100 years through caring and concern for those individuals in crisis,” states Daniel Valle, CEO, American Red Cross of the Delmarva Peninsula. “Many people don’t realize the multitude of services we offer until they are in need. To ensure the highest quality customer support for our community after-hours we rely on our dedicated partners at Appletree Answers to be the friendly, helpful, and empathetic voice available 24/7.”

“Our work with the American Red Cross is more than a business to business arrangement,” added John Ratliff, founder and CEO of Appletree Answers. “We consider the Red Cross a strategic partner and are honored to be trusted by an organization where every call is critical.”

Brendan B. Read is TMCnet’s Senior Contributing Editor.