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Oct 16, 2006 1:43 pm

What do you all generally feel about leaving messages when cold calling?  If you've never talked to the person before, do you leave a message?  What message do you leave?


Thanks.

Oct 16, 2006 2:04 pm

never leave a message.  It could possibly lead to them returning that message and how could that be a good thing?

Oct 16, 2006 3:39 pm

I used to never leave messages until the 3rd or 4th try at differents times of the day.  After that, you are wasting your time calling the same number.  But don't leave a message the first time you call.
It will be interesting to hear from anyone who has ever had a call-back from a cold-call message.  Anyone?

Oct 16, 2006 4:38 pm
new_rep555:

I used to never leave messages until the 3rd or 4th try at differents times of the day.  After that, you are wasting your time calling the same number.  But don't leave a message the first time you call.
It will be interesting to hear from anyone who has ever had a call-back from a cold-call message.  Anyone?



used to get them all the time...i was calling fellow college alums at their office numbers and would leave a polite messageeee

Oct 16, 2006 4:41 pm

A polite messageeee?  Gosh who would have thought that being polite would be a good idea?


Now that I'm a sixty something investor I cannot imagine what it would take to cause me to return a cold call.  Hell, if you don't know my "distinctive ring" I won't even answer the phone.

Oct 16, 2006 4:45 pm

"Now that I'm a sixty something investor I cannot imagine what it would take to cause me to return a cold call.  Hell, if you don't know my "distinctive ring" I won't even answer the phone"


Another negative aspect of greater life expectancy- we need to deal with this guy for another 20 years... Maybe a cabbie on the Lower East Side will hop a curb and take Putsy out, along with the mutt.....

Oct 16, 2006 4:53 pm

That would be curious since I could count the times I've been on the lower east side on one hand.


Was I supposed to say that I am sitting here hoping that a rookie broker will cold call me?

Oct 16, 2006 5:17 pm

In general, I would not recommend leaving messages on a cold call.  The one exception is when you are calling CFO's of large companies regarding cash management.  In my experience, the callback rate is pretty high (around 20%).  This is likely due to (1) leaving an "effective" message that is short but contains a good rate they can earn & (2) it's not their personal $ so they are more apt to call back a stranger.

Oct 16, 2006 5:26 pm

You may as well leave a message of some sort.  Most people have caller ID and will know you called.   If you have a blocked number "my" phone won't even pick up the call at all. 


Oct 16, 2006 5:26 pm
Soon 2 B Gone:

A polite messageeee?  Gosh who would have thought that being polite would be a good idea?


Now that I'm a sixty something investor I cannot imagine what it would take to cause me to return a cold call.  Hell, if you don't know my "distinctive ring" I won't even answer the phone.



some how I would guess that that the majority of your phone calls are either cold calls or bill collectors......

Oct 16, 2006 5:27 pm

Speaking of messages, I remember reading about a guy who hired two cold callers.  All they would do (all day) is call doctor/dentist/attorney offices and leave messages regarding tax-free bonds with the secretaries.  Didn't even try to get through to the prospect.  Apparently, he had very good success; leave 500 messages/day and some of those people will call you back.

Oct 16, 2006 5:30 pm

Nah, Meg Ryan calls me when she's in town.

Oct 17, 2006 8:34 pm

Cold calling may be great, but people are pissed off right now in CT with 5 calls a day from the political morons. Fools are calling me to volunteer, donate and vote.

Oct 17, 2006 8:40 pm

AirForce- Me too; freakin' annoying with the pre-recoreded calls and the (few) actual drones that call.  As with the old long-distance/credit card/carpet cleaning/newspaper calls, it gives CC a bad rap.  It's well deserved; still, I have made cold calls that (eventually) truly changed the financial lives of certain individuals....for the better!

Oct 18, 2006 11:39 am

Let's see, he joined Sept 27 so that's roughly 20 days ago.  140 messages in 20 days.  Yep, he's totally worthless.

Oct 22, 2006 8:10 pm

Try this:


 <?:namespace prefix = o ns = "urn:schemas-microsoft-com:office:office" />


Cold Call:



Beep:



Hi Jimmy, this is Dirty Delta over at Green & White Securities. Give me a call back when you got a sec, I have something you might want to take a look at.   



Hang-up


     


************************************************************ ************



The key is to be loud.. be very loud.  Stand up if you have to.  The louder you are the more likely you are to get a callback. 



It sounds stupid, but it works.  I bet if you do this for one day, your callbacks will double.      






Call back:


 


Dirty Delta this is Jimmy.  Why are you calling me.



Jimmy, I am going to be honest with you.  I am new to this business and I am trying to establish some contacts.  I just wanted to give you a call and test your experience.



I am sure you probably have an advisor and you are probably happy with him, but I wanted to test the water and talk to you.



What do you have for me?




I have a list of individual equities, funds, and bonds but I am not going to go down this road..  i want to get to know you...


This will lead you into a number of conversations you can have with Jimmy.  The key is to beep jimmy talking, make him feel comfortable, and then go for the appointment.  It might take 3 or 4 conversations.   
Oct 22, 2006 8:12 pm

KEEP Jimmy talking..



beep jimmy- is a typo