Posts belonging to Category Entrepreneurs



The Smartest Person In the Room!

I have worked with countless sales professionals.  Monetary success and recognition are mainstays for the best sales professionals, but even those who are not at the top of their game enjoy some of the special spoils of the position.   The next meeting, survey the room and give it some thought….knowing the benefits of the job, even though it is hard work, who is the “smartest person in the room?”

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If you were to do a little research you would find something fascinating about people and positions within your organization.  You would find that the successful sales executive usually out-earns most positions that are not considered upper management.

Let me explain it in different way.  When I was a sales manager, I expected that my successful professionals should make more than I made, and the best did so handily.  General managers, vice-presidents, even some Sr. Vice Presidents and up are at a disadvantage when it comes to the total compensation package, but there are good reasons for it.

So why do so many people believe that all the brains in an organization are in the engineering departments, finance department, and general management?  Well, because so many people don’t know the rigors of professional selling and the strategies and intelligence and skills needed to be accomplished at the role.

No Logarithms Needed

Think about the sheer brainpower needed to calculate the thrust to get out of earth orbit for a space vehicle with monstrous dimensions.  If you consider the brainpower necessary to design the new generation of space vehicles you would be correct in that it takes a ‘rocket’ scientist.  Now the big question:  Could they sell it?

Have you ever considered that those skills are literally worthless when they are used to try to convince a buyer that he or she should change widget manufacturers and do business with your organization?  You don’t need sophisticated mathematical formulae or extreme logarithms to make that happen, you need the ability to:

  • Create trusting and confident relationships
  • Apply sales techniques to influence buying decisions
  • Anticipate and answer the customer questions
  • Present effectively and with aplomb

Many people have trouble putting a value on these, but a sales manager and General manager know that this individual makes their job easier.  It is obvious that we all have our calling in life, and the role of a sales professional, as I have said before is to “convince someone to do something that they would ordinarily not do.”  Frankly, not everyone can do it.  It is an art, with some technical aspects behind it.

It’s Not For Everybody

Not everyone can play this role as it requires an individual who can:

  • Work with all types of people
  • Analyze and anticipate buyers needs and desires
  • Withstand rejection
  • Counter objections effectively

The best of these individuals are compensated highly for their skills and the uncertainty of the job to the degree that their annual income, which may include salary and bonus or otherwise are enviable.   Sure it is hard work, but so many know it is their ‘ticket out’ and have provided for their family in ways that draws jealousy from people in the other functions or departments.

I have seen sales compensation amounts in sales departments well over the $1M mark, and currently know a sales professional in financial services who 5 years ago, when the getting was good cleared over $1.2M.  Now, that is rarified air, and there are many who make more than those high numbers.  I am talking about b2b sales in these examples, and I am not talking about extreme or exotic products.

Machines Will Never Take Over

The occupation of professional sales is not unique, but it does stand out.  It might be one of those occupations that will not be taken over by computers or outsourcing.  The reason is simple, customer intimacy!  The sales professional does a lot of things, but the most importantly from the standpoint of the customer, they create the confidence that the customer needs to make the switch and stay put.

Even when we are talking about a commodity, the sales professional and the value that they bring can make the competitive difference (See Black Sales Journal 2/24-Selling a Commodity – The Difference is You).

The sale professional recognizes customer lifetime value (from the sales standpoint see Black Sales Journal 2/16 – All Customers Are not Created Equal) and seeks to extend the relationship as long as possible.

When the machines can create and nurture relationships we will be in trouble, but I don’t see that happening soon.

The Smartest Person In the Room

So the smartest guy in the room might not be the engineer, the architect, the computer designer, or the aerospace scientist, it might be the person who operates closest to the person that pays the bills.  We know that as the customer.  We can’t do without them, and they need to be nurtured and fed.

This sales professional role is best done by someone who comes in with the skills that we probably take for granted.  We will call them advanced sales skills.

So the smartest guy in the room may well be the Ultimate Sales Professional (Black Sales Journal – The Ultimate Sales Professional I, II, and III).  Read this and let me know what you think.

We will ‘just ask him not to wear a cape to the sales presentations.  So when the meeting happens, who is the smartest guy in the room?

Your comments are welcome. Reach me at Michael.Parker@BlackSalesJournal.com.

When Mentoring Goes Wrong! 5 Important Things to Know!

Mentoring

To help someone else learn their trade is one of the most important and gratifying tasks that you can undertake.  You might check this out to know some of the things that could go right and wrong.

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You may know my sentiments about mentoring from past posts in this journal (Do You Need a Mentor? You may Need Two, Black Sales Journal 1/27 and Being a Mentor, Can You Help Someone Else? Black Sales Journal 3/28).  I believe that if your are an accomplished sales professional you probably need to mentor some up-and-coming neophyte, and if you are new to sales, you probably need a mentor that can help you understand the sales world you are in, as well as understand the organizational politics and dynamics.  That could mean two separate mentors (one with sales knowledge and one with organizational expertise) or one who has a strong understanding of both.

Having been in both of those situations, I do recognize the fact that life can be easier when you have a mentor.  It would be hard for most sales professionals to dispute that mentoring did not help him or her.  Mentoring, is a role, and not a position, and whether it is formal or informal, it can go wrong.

Formalities?

Most sales mentoring relationships are informal.  They happen when a less experienced sales professional gets help from someone who has “been around the block.”  These relationships happen naturally, and because of that, there are very few “agreements” citing what the rules are.

As a matter of fact, it is because they are informal, and there are no basic rules, that animosity and resentment appear when things go wrong.  No one “evaluates” the effectiveness on a formal basis, and termination happens because the utility just might not be there.  Basically, the two parties move “apart” and seldom have the conversation that “this has been good, yet I need to work on my own now”, or “this is not giving me what I need, but I have appreciated your help.”

What Goes Wrong?

There could be a multitude of things that could go wrong, yet there are a few things that make really make a difference:

  • Common Elements - The more the mentor and the mentee have in common regarding work styles and ethics, the more compatibility there will be.  Working similar hours and with like intensity can help to develop mutual respect and even admiration, akin to “looking in a mirror”.  Note, when these elements are opposite or have a wide variance, they can be the ‘wedge’ that breaks up the partnership.  The more common the work elements, the more chance there are for a fruitful mentoring relationship.
  • Communication – The bond of a mentoring relationship is communication.  Communication styles differ vastly, so an understanding of communication styles and frequency are very important.  Mentors who are not effective communicators can be problematic, as the mentee may never understand fully the gist of the problem and solution, or the gravity of the issue.  The mentee must communicate openly and frequently regarding questions and issues that need clarification.  If neither of these happens, both sales professionals could be in a situation that they are wasting their time.
  • Trust and rapport – Since the majority of these relationships happen informally, the parties have usually chosen each other, or one of the parties has proposed the arrangement.  When this goes wrong, it is a short-lived mentoring relationship.   This means that they must trust each other and have a general affinity toward one another.  The trust issue is large in the arena of sales.  Since prospecting activities as well as sales territories are all in play, the mentor must be able to trust the mentee will respect what he or she is doing to help.  The pilfering of a prospect will change everything if it happens, and so it should, as that is a character issue.  Rapport is important as well because it forms linkages that may develop in to stronger bonds.
  • Agreement on goals and objectives – Most sales professionals have enough to do in the course of a day or week than to enter into an arrangement without some agreed upon goals and objectives.  Yogi Berra (yeah, I am quoting Yogi Berra) once said “You’ve got to be very careful if you don’t know where you are going, because you might not get there.” Know where you are going and have agreement on what will give value to the mentoring relationship and set your sights to get there.  If it is learning how to prospect more effectively then the mentoring activities should be focused there.  If it is becoming accomplished in sales techniques, the focus should go there.  Have a plan in mind, and have the discussions that make it real.
  • Agreement on the “end game” – The mentoring arrangement, whether informal or formal will have to end at some point.  It is only right, and gives the mentee an opportunity to help someone who was in the same “boat” as he or she was.  Plan where this terminates as you go along.  Yes, this sounds formal, yet it is more realistic than one of the two parties to the mentoring relationship starting to avoid the other.

A Personal Example

As a fledgling sales representative, I searched out another Black sales professional to help me figure out how to get started.  I know that I did not call it mentoring at that time, and neither did he, yet he talked to me about prospecting.  More importantly, he talked to me about prospecting when you are Black in a business world that was not always kind.  In the State of Illinois with over sixty sales professionals of which three were Black (that included me), I needed someone who would help me learn the ropes.

His name was Walter, and he saved me a little time in a lot of my activities by taking that time with me.  I did not always agree with what he said; yet we had rapport and I appreciated him spending that time, as in a world where you don’t get points for spending it helping others, he helped.  Having someone pick up the phone when you had a question is worth its weight in gold.

Reach out to others as a veteran and offer to help someone who is in need. Give then a chance to succeed.  If you are a sales professional in need of help, reach out to the veteran’s whom you can learn from, and get some badly needed advice.  Always remember that color is not an issue in mentoring.  Helping someone who has promise is its own reward.  You also learn much about yourself and your own abilities when you help others.

As always, we appreciate you comments. You can reach me at Michael.Parker@BlackSalesJournal.com.