7 Strategic Factors To Improve Telephone Quotes Conversion Success

7 Strategic Factors To Improve Telephone Quotes Conversion Success

In my previous article on this very important topic, I wrote about the major research survey into how firms nationwide deal with their telephone quotes calls. It highlighted a catalogue of missed business opportunities. In this article, I summarise the 7 key strategic issues that all firms should discuss and debate in their next departmental meeting, if they would like to increase their conversion rates success

  1. Understand that call handlers are in ‘sales’.

When it comes to dealing with quotes calls it is vital for your call handlers to understand that they have a ‘sales’ role.  This might seem like a statement of the obvious, but all too often, callers are simply ‘processed’ as a matter of administration. “Give me the details of what you are doing and I’ll email you a quote”.  Job done.

Yes, it might mean that calls get dealt with quickly, but what matters most is whether the caller ever becomes a paying client. This common method is simply ineffective.

2. Challenge and question current methods and track results

One of the most common problems I find in firms of all sizes is that they rarely take time out to stop, really review their existing methods of dealing with quotes calls, challenge what they are doing and look at conversion results strategically.

Given the need for this, it is vital for you to have reasonably precise statistical tracking information on the telephone quotes that are being given and your current conversion rates.

There are four basic pieces of information that you should track and gather, in order to be able to monitor this area effectively.

  • How many quotes enquiries do you get per day/week?
  • What are your cumulative quotes worth in average revenue terms?
  • Volume of quotes calls handled by specific people?
  • What are their personal conversion rates?

Once you have this information, you will be in a much stronger position to make decisions about new strategies, structures and techniques and of course to measure future improvements.

3. Have the quotes calls handled by the right people.

It is a fact, all too often overlooked, that some quotes call handlers consistently get better results than others. So making sure you have your best quotes handlers deal with the most calls is a simple but vitally important piece of strategic jigsaw.

This is so important, that I will be devoting an entire article to this subject in a future issue.

4. Differentiate – Why should someone choose you?

Why should a potential client who telephones for a conveyancing quote choose your firm … particularly if you are more expensive?

The fact is, that our research based on a huge number of mystery calls, indicates that 91% of firms make no attempt to differentiate themselves from competitors, either during the telephone enquiry, or in any follow up email.

Write down right now why someone should go with you? Now, ask yourself how you communicate those attributes when you are on the phone to them?!

If you aren’t communicating, or demonstrating these positives to your callers, you are almost certainly leaving cash on the table! 

5. Don’t fall into the price trap

The price trap is the automatic assumption that everybody who calls and asks for a quote will only ever choose the cheapest. This is simply not the case. If that is your perception and experience then I invite you to consider that this is largely because you are either not doing anything else other than giving a price, or you are generally not handling the enquiry as well as you could.

If you only give the price to those who ask, then it is you who reduces the issue to one of price and you who actually forces them to go to the cheapest.

6. Understand the benefits of getting good at dealing with quotes calls.

Of course there is the obvious benefit that more conversions equals more revenue, however there are three other tangible benefits to be aware of:

Increased fees – We have found that once a firm has mastered the techniques of getting people to really ‘want you’, it is relatively easy to increase the fees as well. Thus not only do you convert more, but you convert more at higher rates.

More repeat business and recommendations – Is it not the case that you get a significant amount of business from clients returning and them recommending you to others? Bearing that it mind, it clearly follows that the more clients you have, the more repeat work you will also get in the future.

– Less abortive time on the phone – How much time is wasted on the phone giving and emailing quotes to people who never become clients? Consider this. If as a firm you merely handle 4 quotes calls across your practice per day, you are spending at least 166 hours per year dealing with quotes. This is a significant and pointlessly expensive use of resources, if you have a poor conversion rate. If you are going to spend that time, you may as well get the business!

7. Skills training is the key.

85% of firms provide no ‘proper’ training for their call handlers on ‘soft conversational’ sales skills and how to engage and influence those who call for a quote, to actively want them.

What training does take place is usually around administrative tasks, such as how to calculate the fee, Stamp Duty and get an email quotes letter out. This is very different from ensuring that call handlers have the right techniques, personal skills and confidence to engage a caller and get the business.

by Professor Ian Cooper, law firm skills trainer / consultant, Author of the ‘Financial Times Guide To Business Development’.

To find out more about the revolutionary online video training system we have created – Converting Enquiries – Residential Conveyancing click here.

This article was published by Converting Enquiries as part of their advertising agreement with Today’s Conveyancer.

The views expressed in this article are those of the submitter and not those of Today’s Conveyancer.

Converting Enquiries

https://convertingenquiries.com/residentialconveyancing/

converting-enquiries

Converting Enquiries - Residential Conveyancing is a unique online video training system from industry renowned Professor Ian Cooper.

The system enables conveyancing departments to make more money from their existing sales pipeline, by increasing their telephone quote conversion rate. To find out more please visit the website.

Key features of the training include:

  • Get The Skills - Transform Your Conveyancing Telephone Conversion Rate Success.
  • One Monthly Fee - Up To 30 Users
  • Get Access 24/7 - Laptop - Smartphone - Tablet
  • Cancel At Any Time
  • NO RISK – DOUBLE GUARANTEE

About co-creator of the online training system Professor Ian Cooper
Professor Ian Cooper is regarded as Britain’s most experienced specialist business development consultant and skills trainer for the legal sector. Ian has 32 years of very specialist experience of helping around 900 legal firms of all sizes generate more business in the UK and overseas. Ian is also a well-known international business speaker and the author of 16 books published in 14 languages and 56 countries. The most recent of these is the ‘Financial Times Guide To Business Development: How To Win Profitable Customers And Clients’, which was shortlisted at a recent best business / management book awards ceremony. He also edits and writes an independent blog based on his Financial Times branded book. In recognition of his work in the fields of law firm business development and customer / client service, Ian was awarded a Visiting Professorship at Henley Business School, part of the University of Reading.

About co-creator of the Online Training System Howard Cooper
Howard was formally Director of Training and Customer Service for a major national legal brand and has personally supported over a 1000 call handlers / partners / solicitors / fee earners to create positive change. He has also been responsible for some of the largest mystery calling projects ever carried out. Howard has a phenomenal reputation for his hugely engaging, entertaining and pragmatic ‘in house’ and public training courses for law firms on the issue of improving telephone enquiry conversion rates. He has over the years, successfully helped some of the largest firms in the world, with their client and customer engagement areas. Additionally, he is a leading expert on NLP, and how to use it in the context of improved communciation skills for lawyers.

To find out how to make more money from your existing sales pipeline please visit the website.

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