Telemarketing and Waste
Jeff Josephson
Author of "The Lead Generation Paradigm: How We Generated over $4,000,000,000 in New Sales - and How You Can Too" available at: leadgen.com/eBook
“Half my advertising budget is wasted; the problem is that I don’t know which half.” - John Wanamaker
Even with the best list, cold calling can entail 95% waste or more. This is because you can't infer "need" from an SIC Code. And timing matters, too: They may not have a need when you call, so that adds to waste. And nurturing doesn't necessarily help because it's too passive.
If 95% of your marketing budget is wasted, what does that do to your Marketing ROI?