My answer to this question is, “it depends on the industry and prospect profile”. Telemarketing (or cold calling) can be very effective when properly approached and applied to a specific niche and B2B target profile. There are many newer methods of marketing  B2B products and services, but  highly targeted, niche cold calling can still prove effective for your B2B business. Ultimately, however, the days of cold calling will come to a close as eMarketing, Social Media Marketing, ePublishing and other web centric methods prove to be more effective and less expensive. But today, cold calling or outsourced B2B telemarketing can still be highly effective for certain niches and prospect profiles.

For example, one of our clients is a truck insurance agency located in the southeastern U.S. This insurance agency focuses on smaller trucking firms with 2 to 50 trucks, though most of their prospects fall within the 2 to 15 truck range.  We currently provide them with an average of 6 appointments per week in only 10 hours of calling per week. We have seen the scenario repeatedly for transportation insurance agencies targeting smaller profile trucking companies, and, we’ve seen it for B2B clients which focus on a vertical niche, everything from sales consulting, to CPA firms, from training companies to cloud computing software solutions.

Though our preferred approach revolves around a fully integrated, comprehensive and web centric approach to marketing, we have found consistently high yield results for these vertically oriented companies, which have seen returns anywhere from 2X to 10X on their telemarketing investment. Cold calling can also be done on a tailored basis by sales people, calling high in their targeted prospect accounts, which combined with a personalized email can yield effective results. We describe the difference between salespeople’s cold calling and telemarketing from a numbers perspective. Our appointment setters are expected to yield about 25 calls per hour, documenting changes in position, direct phone number and of course delivering pitches along the way. This means that in 60 hours of calling per month, the phone is dialed about 1500 times, or 18,000 times per year when fully extrapolated. Sales professionals time is much better spent on other activities, they do not have the time or patience to deliver this volume. Obviously, telemarketing is not just about volume: a well defined and consistently refined script is essential, resulting in an appointment every two hours, which is subsequently very worthwhile to the salesperson, CPA, small business owner or producer (using insurance agency jargon).

Thus, in our opinion, though the days of telemarketing are dwindling for many B2B companies and industries, there are still instances where it is highly cost effective, if done professionally and properly, where high quality B2B telemarketing can yield cost effective results.