Home-based telemarketing is much like any other work from home business, really – except in most cases, you get paid an hourly “base” rate (usually $7 to $9 an hour) plus a commission structure. Done well, the commission structure can make telemarketing extremely lucrative. It's a difficult occupation for those that are not good with people, or not confident speakers – because your prospect can't see your body language, facial expressions, or any other information you're presenting, you need to have a fun and dynamic personality, because it's up to you to prove your likability and credibility based on a phone call alone.
Telemarketing is sometimes difficult, however, because although you are working, you're also working to earn even more money – which makes you doing a job, and running a business – from home.
The purpose of successful telemarketing is to reach the people who make the decisions to buy. That being said, in telemarketing, it's very easy to waste a lot of time speaking to the wrong person. In fact, much time spent is simply qualifying leads and in lengthy conversations that seem to go nowhere fast – except, to the eventual “no”.
If you're new to telemarketing, and you're interested in learning more before you apply for a home-based telemarketing job, it's important for you to know that there are guidelines for each conversation you have. Telemarketers typically have scripts to work from – many employers ask their telemarketers to use the scripts word for word, while others allow their telemarketers to become comfortable and simply use them as guidelines over time. There are three basic types of telemarketing scripts that the home-based telemarketer should be aware of:
-The verbatim script. This is the first level of script, the one an employer will insist that you follow word for word. Usually this will be used by an employer that is used when you are calling consumers, instead of businesses. Usually you won't have to talk a long time, at most, 3 to 4 minutes, and usually you simply ask a series of questions.
-The guided script. This script is less restrictive and allows you to improvise based on what your prospect answers. Usually this type of conversation script is used for the business to business telemarketing call. It can also be more effective for experienced telemarketers when calling consumers
if you need more information to qualify a prospect.
-The outline script is considered to be the most difficult type of scripting. This method is used in business-to-business calling. Outline scripts are basically like note cards to keep you on track in your conversations – you know what you're selling, you're aware of who you are selling it to, and you are intimately familiar with your products benefits and features. These are usually reserved for very experienced salespeople.
If you are new to telemarketing, and you're eager to work at home, don't fret – remember, simply put, telemarketing is a people business. If you enjoy talking on the phone, and are willing to be persistent, just remember that the most important quality that a telemarketer must possess is a good telephone voice. Be enthusiastic and confident, act mature and controlled. Most work from home employers do offer training, so your enthusiasm, coupled with training and hands-on experience, will point you in the right direction for a successful home-based telemarketing job. Expect to make hundreds of calls daily but only speak with 50 or so people, and try to make those calls count. Ask advice from your employer and fellow telemarketers on how to make more sales. Don't give – every telemarketer has good and bad days. And remember – every day you work from home is a new day to make things a little better!
Home Based Telemarketing Jobs
The majority of those who are engaged in finding a home-based business are simply not able to reach into their savings accounts and pull out $3000 or more to get started in this high-ticket business.
There are several solutions that exist for those who are looking for the start up capital for such a business.
Traditional Bank Loan: This can be a pretty good way to go, but requires good credit and often requires a number of hoops to jump through. The advantage here is the lower interest rate that can generally be obtained as compared to a credit card.
Credit Card: This option will work for most as long as the credit is available. Sometimes you can arrange for an increase of credit. The disadvantage here is often a high interest rate, although a successful business can produce a much greater positive return than the fees associated with its financing.
Borrow from Family, Friends and/or Relatives: This option is sometimes available. Often ego will play a part in the decision to go this route and an individual may not want to ask for the help.
I've started two home-based businesses before and I've borrowed the money to get started each time. Each time I've borrowed about $4000 in order to get started, but in each case it has paid off and I've earned that money back with just a few sales made. Both times I borrowed the money to get started it was a no interest personal loan and I was able to obtain the money within a very short amount of time with just a call to a friend. This can be one of the best ways to go.
Rummage Sale/eBay: Some find that they don't have any other options, and the only way they can get started is to sell some of the extra things they have. I've even heard a story about a time when someone sold a cow to get started in their business. Now that's called commitment.
Company Financing: There are very few companies that provide financing or payment plans to its members to get started. The business I'm in, for example, offers its members financing to purchase their lifetime vacation membership (the product that members also sell) for just $85 a month to approved credit. However, the challenge can be if the applicant has a very low credit score which can restrict approval.
I've personally always been surprised by how little money most people actually keep in their bank accounts as liquid cash. When I go to the ATM (and I live in a wealthy area) I'm always surprised to find a receipt left in the machine from the previous user and the balance reflects just a few hundred dollars.
This is an important lesson to learn ? the power of simple savings. Savings is one of the things that American's are the worst at, but it is an important thing to do. I believe that the more money I have in my bank account the more I believe I am able to earn a higher income.
Both Melissa Brewer & John Roney are contributors for EditorialToday. The above articles have been edited for relevancy and timeliness. All write-ups, reviews, tips and guides published by EditorialToday.com and its partners or affiliates are for informational purposes only. They should not be used for any legal or any other type of advice. We do not endorse any author, contributor, writer or article posted by our team.
Melissa Brewer has sinced written about articles on various topics from Advertising Guide, Telemarketing and Work From Home. Melissa Brewer is the author of the Little White Ebook of Homeshoring Jobs, the complete guide to work from home call center employment available at . Melissa Brewer's top article generates over 74000 views. to your Favourites.
John Roney has sinced written about articles on various topics from Finances, Finances and Options Trading. John Roney is the author of The Everyday Apprentice (Morgan James 2008) and a leader in the home business industry. John teaches how to start a home-based business that pays $1000 per sale with zero up-front investment. For more information, visit. John Roney's top article generates over 90500 views. to your Favourites.
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