How Much Pre-Call Research Is Too Much

There has been a great deal of questions in myHi Ann,
workshops lately about how to use email inI have a few questions for you.
conjunction with leads coming off the Internet. How do1. Did you stop by and see what my company does?
you know if you have research before following up?2. Do you know who my clients are?
How can you use email as an effective tool to create3. Have you determined the industry in which I
specific follow-up action steps? With that in mind, herespecialize?
is an example of an email I received from a company4. What size is my company in terms of gross sales
we'll call " WeKnowItAll Company".and number of employees?
Our story begins with WeKnowItAll sending me an5. Based upon the size of my company and the type
email inviting me to access their online companyof information I may need, how profitable of a
research subscription service free for two days. Oneprospect is my company for you? Should you be
of the things I love to do, is to use the WWW forinvesting your limited sales time with me? On what
doing research on my competitors, my clients, mytypes of companies in which industries do you make
client's clients, their industry and competitors, mythe most money?
prospects, my prospect's clients and my prospect's6. Is my company hiring and if so, what types of
industry and competitors.people for which types of projects?
The biggest danger of using the Web for research is7. Have you signed up for my company's newsletter
you can find yourself in "analysis paralysis" and canor requested my company's literature to learn more
often end up spending more time on the Internet thenabout what my company does and what is
you do on the phone selling and generating revenue.considered important?
My suggestion is to set up a specific set of questions8. Did you read in my bio? If you did you would see
to answer, which once answered should providethat I was a past member of the Society of
enough basic pre-call research. Ron, stop stalling,Competitive Intelligence Professionals and the
where's the list of questions? Hey, relax and don'tAssociation of Independent Information Professionals.
worry, the list is towards the bottom.Does knowing that information, help you create some
Now I'm saying to myself, hmmm, free trial for tworapport questions to ask me?
days. Oh boy, I'm going to have some fun and put this9. Are you prepared to show me examples of data
baby through its paces. Let's see what types ofgathered from WeKnowItAll on two or three of my
information I can find that is really useful for myclients as examples of the type of data I would have
specific needs. I set a specific goal for this test. Myaccess to on my prospects using different versions of
goal was to identify certain personnel within targetWeKnowItAll?
prospect companies I'm looking to do business with. I10. Based upon what I do and the types of companies
was evaluating based upon two criteria at this point.I target, can you deduce what type of information I'll be
One, was what was the quality of the informationlooking for?
provided? Secondly, how easy was it to access that11. What are two areas where I could possibly use
information.WeKnowItAll?
I start using WeKnowItAll online database by myself12. Since my target market has a demand for your
without any guidance and off the bat I've got a log-ontype of service, is there a possibility you can help me
problem. Rule number one; if you want someone to tryto help you sell more of your service to my target
something, without any assistance, providing clear andmarket?
simple instructions is an excellent way to make a goodI'll wait for your answers and then we'll discuss it. You
impression. Finally I'm able to log-in, and the amounts ofcan reach me in my office on Thursday morning when
choices are mind boggling. Anyone who knows mewe can set up a time and date to see if there is a fit
knows I'm a big fan of simplicity and ease of use. Thisbetween our companies.
site, although very comprehensive it was also veryAll the best to you,
cluttered and confusing.Ron
I found myself going back and forth from one screenContinued from above…
to another trying to find where the profiles of companySet up a specific list of basic questions for pre-call
personnel were located. Apparently, depending on theresearch. Then think outside the box and look at all the
type of company (public or private), there may or maypossibilities including reseller and affiliate relationships.
not be personnel information and it may or may not beMaybe you do business with one of your prospect's
always located on the same page. In other words youclients. Maybe you are affiliated with one of your
often had to spend a lot of time digging for it.prospect's other suppliers.
After about fifteen minutes I started to get frustratedAfter you do make contact, remember, at the end of
with my free two-day trial and moved on to otherevery call or email, there needs to be specific a
tasks. Below is the email I received the day after myrequest that action be taken. For example, here is a
two-day trial (or in my case fifteen minute) was over.request I use quite often in my emails. It works quite
In between the person's statements, you'll find mywell since people enjoy giving advice:
comments in [brackets]. Finally you'll read my emailExample:
response back to this person with a list of 12 pre-call"Please advise."
research questions.Thanks, Ron
This is the email I received after my trial ended…Another Example:
Hi Ron:"I found an article on one of your competitors, I think
[Do I know you? I've never met you. Wouldn't it bemaybe of value to you. Your assistant gave me
wiser to err on the side of good manners? Changepermission to fax it to you.
the salutation to "Hello Mr. La Vine"]"I'll call this afternoon to be sure you received it and to
I just left you a voice mail message also.discuss if there maybe a good fit between our two
[About what?]companies. At that time, I'll also be able to provide you
Please let me know when you would be interested inwith some specific ideas where we maybe able to
scheduling a demo of the site.give you a competitive advantage"
[Why would I want to take my valuable time andAll the best to you,
schedule a demo of your site since it is not clear toRon
me what value you bring to the table?]Another Example:
As you may know, WeKnowItAll provides unbiasedHi Mr. Smith,
editorial coverage on over 18,500 large andAs we discussed, you are looking to hire more reps in
medium-sized companies. We also show accuratethe Business Intelligence /Information Management
details on each company such as contact names,space. We also agreed that our selling philosophies a
products, competitive landscapes and financials.rather identical.
[How would I know this? What's a competitiveYour main goal is to teach your reps how to hunt
landscape? Is it a cross-matrix comparing oneeffectively and ferret out opportunities in short order.
company's products to another's? Is it a simple listingYour reps are dealing with customers and resellers. I
of competitors, which I can get off of Yahoo'shave an article from Software Magazine that I will fax
company profiles? Come to think of it, whatto you. You may it of value to you when you go to
information does your service provide that I can't getcost justify the sales training to your management.
either for free or from one of your competitors?]Since you need to have another two people on board
We also offer Advanced Search functions that wouldbefore we can finalize the training dates, I sent you a
allow you to search for specific companies orlist of web sites where you can find sales reps, sent
contacts by title, industry, location, private companies,the job criterion you e-mailed to me out to my job
Fiscal Year End, or other means.seekers list. I also sent you two possible candidates.
[And this means I'll be able to do what? What are theYou have people in both Reston and Denver and all
benefits of knowing this information? What will knowingwill be in Denver the week of September 9th before
this information enable me to do?]two weeks of ABC University. We spoke of setting
There are two levels of business subscriptions:up a two-day class during the week of September
[What are the specific benefits of subscribing? How9th.
will it enable me to do my job faster, better, lessYou mentioned you need to run this by Tim, Dan and
expensively (cheaper) or easier? What types ofthen Andy for budget approval. Attached is a sample
increases or decreases, more or less results can IAgreement with a fee schedule for your review and
expect based upon testimonials from other of yoursignature.
clients?]I will follow this email with more specific details about
WeKnowItAll Power Plus (all access + unlimited freethe live sales call-training workshop, which you can
lead downloads into Excel) WeKnowItAll Total Powerread at your convenience. This will include comments
(all access)from people who mentioned they wished they had this
[If for some reason I don't have Excel, can it betype of training prior to their product training.
downloaded into Comma Delimited Text Fields (name,I look forward to speaking with you on Wednesday,
title, phone number, etc.) What I really need is aSeptember 28 at 8am PST when I will call you at:
CD-Version. I wonder if they have one?]303-555-1234 to discuss the next steps needed to put
Sample WeKnowItAll Profiles: [a live sales call training workshop in place for ABC.
Please give me a call if you have any questions orPlease call me at 818-991-6487 if you have questions
would like a demo of the site.before then.
[You already let me have a free two-day demoAll the best to you,
without any kind of commitment. I might give you call,Ron
however first I've got to figure out (in this case byThe Lesson…
myself) how to get the service to work, so don'tDon't send emails asking me to call you or to do
expect a call. Besides, I don't know your office hourssomething, unless you have provided information or
or if there are alternative means to reach you such atopics of value specifically related to my company.
responding to this email or calling your cell phone.]This type of information may include insights you want
Kind regards,to share about my clients, prospects, industry or
Ann Smartster 1.888.123.4567 ext. 1234 asmartster@ [competitors that would be worth me taking my time to
[Where is your tag line explaining what you do? Fordiscuss.
example: WeKnowItAll enables you to easily turn rawSeparate yourself from the rest of the reps who do
online data into real revenue.no homework and then expect that their products and
This is my response to her prior email.services alone will generate sales.