I'm an aspiring agent. For you veteran broker/agents out there, what's your conversion ratio with cold calling. I've heard horror stories where new agents are lucky to convert one prospect into a customer out of every a hundred calls.
So what do you think is a reasonable conversion to customer ratio? What percentage of your cold calls actually results in an eventual customer?
It would seem to me that a shipper would have little to fear in sending you the same load list that they're sending to 200 other brokers. I'm sure that an actual Exclusive Agreement with the shipper to haul their loads would be much more difficult to pull off.
Cold Calling Percentages
Discussion in 'Freight Broker Forum' started by RB Cunningham, Aug 2, 2015.
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Just curious, what's your company name, or your MC#?
I just want to make sure we never ever work together,
With an attitude like that...just...wow.
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The next 50% are the large, hard to understand, telemarketer type operations. Volume, volume, volume. My name is on the door and I give the same top 10% of service on any load regardless. However I can't count the number of times I have bailed a broker out of a jam, and 2 weeks down the road see the same load on the board. With no phone call like we had talked about previously. Call up and the same person doesn't even know you. I have had this happen so many times its funny. Here is a truck you know will get the job done, without any supervision and is waiting for a call. ?????????
The last 25% are the just starting, bad credit, The 200 and 1st on the shippers mass email list. Generally have no idea about the load, shipper, or receiver. Whats the product? you get silence. Shipper and receiver hours? you get silence. At this point myself as the carrier I am better off going direct with the shipper. My email works the same as yours. If I am going to do all the legwork anyway why do you feel the need to take your percentage? If you have to "call your customer to try to up the rate for that $50 extra" I could and will do the same.
What kind of broker are you?
If your in the bottom 25% believe me it will not happen. Middle 50% if I call you things did not turn out as I had planned. But we can live with each other. If your in the top 25% I would like your #. I am looking in the long term. You scratch my back and I will move heaven and earth to scratch yours.double yellow, KB3MMX and RB Cunningham Thank this. -
I like working with them and the feeling is mutual.
I don't need a babysitter and my word is my bond.
I try my hardest to work with the same caliber of people. But it is getting harder by the day.blacklabel, RB Cunningham and icsheeple Thank this. -
I haven't started yet but I would like to be the kind of broker that makes my money on volume rather than taking a huge percentage off of any one deal.
Although a huge financial score off of one deal can be tempting--if in the end you wind up pissing off and alienating carriers in the process, it's probably not worth it.
I'd like to think that if the carrier accidentally saw a copy of my rate agreement with the shipper--he wouldn't be so insulted by my profit percentage he'd want to end of our relationship. -
I apologize if I came off a little pissed on that first post. It just seems like it is spiraling down hill. Get a new guy in shipping and all bets are off. Years and years of relationships down the drain with a unknown broker promising the world for cheaper. Generally can't deliver on promises and wind up getting the call. XYZ dropped the ball. Can you cover it? Of course they all-ways want it done for the cut rate that started the mess.Last edited: Aug 2, 2015
blacklabel, KB3MMX, Minder Kat and 2 others Thank this. -
Pre 2002, it was around 1.5% of cold calls that turned into something worthwhile, and that sample size was gigantic. In the past ten years, it is now 0.0015 on a sample size of 2000+ unique calls.
However, as a carrier, the numbers are much higher, and once established as a carrier we do broker some of the assigned freight to O/Op's who are very close to the vest.
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Every month 400 people find a job with the help of TruckersReport.