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Telemarketing is one of the most potent strategies used by business executives. Selecting the most effective approach in taking it from preparation to execution is critical to its success. Telesales improves visibility of a brand and jump starts the growth of new businesses in particular. It also helps garner sales and supports market studies that collect data to help businesses improve clients’ experience and relationship with them.
Businesses can maximize on telemarketing by eliminating associated issues that take away from its overall performance. To do that, executives should weigh the pros and cons of putting together an in-house telemarketing division versus hiring an external service provider. Studies indicate that contracting out telesales saves more time and money than the effort of developing expertise within the business.
Internal or third party telemarketing – what works?
Every company that is looking to add a new function to its business is faced with the alternative of developing skills in-house or hiring out. For telemarketing, the answer can be gleaned from this question – Do you need telemarketing services for areas that give your business a unique competitive advantage or for non-core competencies? If the answer is “competitive advantage”, you should build in-house skill. Otherwise, outsource.
Starting a telemarketing service should not be undertaken lightly. It demands time and money, employing and preparing personnel, installing tools, and staying up-to-date with regulations and news. Instead of expending valuable time, money and effort on areas that are not part of your core business goals you can use made-to-order solutions from external telesales companies. They work as well as in-house services (or better) and promise early ROI.
Telemarketing call center services outsourcing boosts growth
Telemarketing services can hasten the growth of businesses and the adoption of their goods and services by:
* Slashing the time to market: The time to market is a decisive aspect that enables businesses to benefit from immediate market opportunities. Be it a new business or product, outsourced telemarketing services gets the message to customers without incurring the delays due to hiring and preparing staff. Lowering time to market implies better sales and more customers for the business.
* Flexible staffing to meet demand: Many businesses see fluctuations in product orders and demand. Instead of constantly having to increasing and cutting down in-house telesales personnel to match requirements, you can outsource telemarketing services. As outsourced services cater to more than one customer, spare personnel are assigned to other projects till required again.
* Allowing organization to focus on core business goals: Product releases are accompanied by a number of issues that need management’s instant consideration. With outsourced services handling the sales, management can focus on resolving these issues without distractions.
* Providing skills and hardware support: Outsourced telemarketing services are expert organizations. They employ expert staff and use latest technology and equipment to deliver results for your business. Leveraging their resources is more economical than taking on the expenses of acquiring equipment and training staff on processes and skills.
* Maximizing ROI: With outsourced telemarketing services, businesses can control fixed expenditure and see returns quickly.
* Limiting legal liability: The telemarketing industry is governed by state and federal rules that are frequently updated and vary across states. Service companies keep staff in sync with relevant changes in rules and protect your business from potential legal hassles. For an in-house service, this is a challenging job that not only wastes a workers’ billable time but also adds no value to the core competencies of the business.
Outsourcing or in-house development is a difficult choice that confronts business people many times for a lot of reasons – reducing expenses, rapid business growth, expansion, etc. In the case of telemarketing, outsourcing clearly has great benefits.
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