1578: 5 Things I Learned From Cold Calling by Nick Loper of Side Hustle Nation on Actionable Strategies to Build Confidence

[00:00:00] This is Optimal Work Daily, 5 Things I Learned From Cold Calling by Nick Loper of SideHustleNation.com. One of the biggest questions I had going into my internship with College Works Painting, where college students essentially run all elements of a residential painting business over the summer, was how are we going to get customers? On the first day of training, I found out the answer. Cold calling. My heart sank. I didn't want to go door-to-door.

[00:00:29] Not that I was above it or anything, it was just a terrifying thought for an introvert like me. But years later, I can look back and say it was a really valuable experience. Here are the 5 biggest things I learned from cold calling the suburban streets of Renton, Washington. 1. Talking to Strangers Will Not Kill You I remember driving to my assigned territory for the first time and parking my truck in what looked like a promising neighborhood.

[00:00:54] There I was. I was going to be the annoying salesman interrupting families at their homes. Could I really do it? I had no other choice. If I wanted to succeed, no one else was going to go out there and get customers for me. It was an uncomfortable and awkward predicament. I probably sat there 10 or 15 minutes before mustering the courage to finally get out and ring that first doorbell. Thankfully, the entrepreneurial drive won out over the painful shyness.

[00:01:20] And you know what? Contrary to popular belief, talking to strangers is not life-threatening. Not everyone was happy to see me. In fact, most people weren't. But most were polite enough to hear out my pitch. No one slammed the door in my face. And even if they did, would that really be the end of the world? I mean, was I such a weak character I couldn't handle a little rejection? What was I so afraid of? On that first day, I scored a couple hot leads and eventually closed one paint job.

[00:01:47] Not bad, considering the mild panic attack that almost hindered me from getting out of the car. 2. Each no gets you closer to a yes. Cold calling is a numbers game. A certain percentage of houses will get painted each summer. If a paint job lasts 10 years, that number could be as high as 1 in 10. With each no I got, I knew I was one step closer to finding a yes. The yeses were out there, it was just a matter of finding them.

[00:02:14] In that sense, you could position cold calling as a treasure hunt in your mind to make the task seem less tedious. It was my little attempt at gamification. Cold calling is a process of elimination. With each house you cross off, your odds improve with the next one, right? At least that's what I told myself. 3. Hit every house. During training, our sales coaches were adamant we hit every house, no matter how good the paint looked from the curb. I thought that was an idiotic waste of time.

[00:02:43] Why should I bother talking to someone who is very clearly not in the market? Turns out, there was some method to this madness. First, you never know what the sides or the back of the house look like. Of course, it's highly unlikely they painted only the front, but you never know. I booked several jobs from people whose houses looked beautiful. One was a new owner who just couldn't stand the color. And second, you never know who the homeowner might know, or how many other houses they might own. I came across several real estate investors by walking up to nice-looking houses

[00:03:13] and scoring estimates on their rental properties on the other side of town. Start the conversation. Make the connection. Most of the time, it won't lead to anything, but it costs you only a short amount of time and can pay off very well. 4. Run. Don't walk. When I was cold calling, I would usually jog in between the houses. I did this for several reasons. 1. I figured the excited college kid running up to the door would look more like someone worth talking to than the guy slowly trudging up the driveway with the clipboard.

[00:03:43] 2. I could cover more ground faster. It was partially about efficiency. 3. Even if I didn't get any leads, I could at least get some exercise. What small thing can you do to convey enthusiasm to your customers? 5. Find a better way. No matter how you spin it, cold calling still isn't that much fun. It takes a thick skin and a lot of time energy to find a few qualified prospects. So in my second year of the painting business, I was determined to keep the cold calling to a minimum.

[00:04:13] One thing we did differently was to take out a booth at the Seattle Home Show. A last-minute dropout to the show opened up a booth spot on the floor that we picked up for just $2,000. From that spot, we were able to book more than $70,000 worth of work for the summer. By switching from a push marketing tactic to a pull tactic in which pre-qualified customers proactively came to us, we generated a massive ROI both in terms of dollars and in terms of time.

[00:04:44] You just listened to the post titled 5 Things I Learned from Cold Calling by Nick Loper of SideHustleNation.com And thank you to Nick for letting us share his post today. Nick retired from corporate America at the ripe old age of 25 and is now a full-time entrepreneur involved in a variety of projects. He's also the host of the podcast The Side Hustle Show, which is for part-time entrepreneurs looking for actionable tips to start or improve their businesses.

[00:05:13] It's a great podcast and you can usually find it in the top charts of the business podcasts in Apple Podcasts. So definitely worth checking that out. The blog is great too, of course, and you can come by SideHustleNation.com for a lot more and to show your support. Our contributing authors always appreciate it. But that'll do it for today. Hope you have a great weekend if you're listening to me in real time. I thank you for being here and I'll see you back here tomorrow for the Sunday Show where your optimal life awaits.