Posts belonging to Category minority entreprenuers



The Raw Truth About Your Business Relationships!

TrustMany years ago I had a meeting with a buyer to discuss adding another line of business to his account.  I felt that I could save him money, and I felt I could make some money for my company and me as well.  He was always an easy person to talk to, and I measured my relationship with him at to be at the highest level.  As his need for the product was high, this might just be a matter of timing.  He was accepting proposals from three vendors in total.

I went to him, presented a ‘death grip’ (a proposal that had price and product that could not be denied) and his response was, “I am going to stay where I am on this one.  You price is good, and I like your organization, but maybe next time.

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Almost every business relationship has a limit, and it is usually because of the trust factor.  When the requisite level of trust is absent, the resulting trust deficit might be based on the sales professional, and in many cases, it will be based on the company that sales professional represents. Either way it ‘stops’ the sales process in a way that does not result in any revenue changing hands.

In the case above, the buyer did not have enough confidence in either me, or my organization, to let money change hands.  Getting the order means getting over this “hump”.  Obviously this was a learning situation for me.

The Trust Deficit

“Every sale has five basic obstacles: no need, no money, no hurry, no desire, no trust.”

Zig Ziglar

No one wants to think that they are not trusted, but usually this is not personal …this is business!  You have not necessarily done any wrong, but you may still have work to do getting rid of the trust deficit

This obstacle is seldom meant to beckon that you aren’t trustworthy, it is meant to show the relationship is not as solid and intimate as you thought.  You can overcome this lack of trust, and should not take it personally.

Are You At a Disadvantage?

Black sales professionals should assume they are at a disadvantage until it is proven otherwise.   Let me explain that.  Being at a disadvantage means that you have work to do.  Assume you do not have all of the trust necessary to close the deal, but the good part is that you are in the game.

Trust is an essential factor to consummate a business relationship, and the raw truth is that when you are Black or another minority, you need to work continuously to make sure that trust is present as you may be lacking one of the most important aspects of a positive business relationship, something I call preference.  If you will remember from earlier of issues of Black Sales Journal, specificallyBSJ 12/27/2010 Preference, Prejudice, and Perceptions and Your Customer, and BSJ 12/12/2011 Racial Preference in Action to name an important few, preference is important.  It is at the top, and the bottom, of any business relationship.

Improper Racial CommentsPreference is ‘socially’ legal. Preference is still different from “racial preference” as you will see if you read the above articles.  Racial preference is vexing, and is everything wrong with business.  Racial preference is racial prejudice!

I will speak more on this important item in a moment.

Building Trust

How do you get the trust you need.  How do you generate the most complete relationship?  Well, I am going to point you in the direction of a couple of in-depth articles on building the trustful relationship between you and the customer:

Sales professional and CustomerBlack Sales Journal 7/11/2011- Deepening Your Customer Relationships – The Holy Grail for the Black Sales Professional

Read this to know how to construct and maintain the strongest relationships.  Remember, relationships are everything.

Black Sales Journal 1/20/2011 – Deepening Your Customer Relationships Part 2

Read this one to gain access to a simple customer profile that you can change as you see necessary, and other tools to help you record and recognize the relationship and its strength.

The Role of Racial Preference

Racial preference is essentially racial prejudice, and there is frankly no other way to state it.  Are you at a disadvantage?  The answer is ‘possibly’.

We need to face the fact that there are many buyers who could care less about your color, and believe in fairness.  Many more believe that they do, but are affected by forces that they don’t even recognize.

That is the nature of racial prejudice.  It is easily hidden from view, and with that in mind I suggest you always assume you are at a disadvantage.

Read about it in the articles I cite, you will recognize it, and learn to make the proper assumptions.

Relationship Building 101

Build a relationship for all of the reasons cited in these posts, and put your energy and resources toward making sure that you cement together a solid, enduring relationship founded in trust.  Deliver on your promises and commitments and you will create the underpinnings of a trusting relationship.

Ask the customer how you are doing…get meaningful feedback from this important relationship.  More in Black Sales Journal 3/12/2012, Ask Your Customer for Feedback.  You will be amazed at how the customer begins to start to develop an affinity for you if you will put yourself on the line like this.

Be the best at what you do, and remember you cannot win without your customer’s trust, and relationships are everything.

Your comments are appreciated.  You can reach me at michael.parker@blacksalesjournal.com.

The Ultimate Sales Professional: Do You Measure Up?

I guess you could say that I have “Drank the Kool-Aid”  On this one!  There are just certain skills, attributes, and attitudes that you can have or develop that will put you in the leagues with the best.  Read today and Monday, 3/14, to get the rest of the scoop.  There is much

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Since late November of 2010, we have described many of the traits that a true successful professional would have.  We have outlined the activities and processes that would, over time, make a verifiable difference in this individual’s ability to reach goals, and provide customer satisfaction.

We have discussed personality attributes and skills that make a difference over the last several posts.  Once again it is time to talk about how a sales professional puts these all together and finds success.

Over the next three posts we will revisit these important posts and put these together in an effort to portray that individual who is sought by sales managers and customers alike.

This professional has learned the benefits of mastering relationships, both internal and external, to get the maximum leverage from each personal encounter.  This professional knows the different methods of getting exposure, and how to capitalize on it.  This individual is always prepared.

There will be some references to previous issues of Black Sales Journal, as I want to keep this as concise as possible, yet capitalize on the wealth of information that has been published to date.

Deep Enduring Relationships

There is no area more important in the long run than knowing how to ‘master the relationship’.  It does not matter what your level of intelligence is if you cannot decipher how to ‘work’ your personal relationships to your advantage, and your customers benefit, you will not have maximum effectiveness.

There is an ‘art to the relationship’ that is undeniable.  It cannot be substituted by process, intelligence, or hard work.  You see, the ‘art of the relationship’ is not an inherited trait.  It is something that you hone with every interface.  It can be aided by having a gregarious and engaging personality.

The successful Black sales professional has the ability to form deep and enduring customer relationships (Black Sales Journal 1/13, Deep and Enduring Customer Relationships and Black Sales Journal 1/20, Deep and Enduring Customer Relationships II).  This individual works with the assurance that existing relationships are strong enough to receive ‘preference’ as compared to ‘wanna-be’ sales professionals look to unseat him or her.  In other words, the customer prefers to do business with someone like this professional, and that preference ‘spoils’ the customer.  This is a powerful preference that is enduring, and anchors the relationship.  We all want to work with someone that provides value, and is concerned about our business, and produces results for us.

This ‘preference’ exists not only because of the solid personal and business connection that exists, but also because the professional is effective in providing the customer something of value.  Always strive to always be effective and always show value.

Undying Professionalism

Being effective is a good start, yet by itself it is not enough.  The consummate professional is more than just effective; he or she does those things that exude success.  We talked about this in Black Sales Journal 3/7, Be the Consummate Professional. This individual is:

  • Punctual
  • Empathetic
  • Attentive
  • Knowledgeable
  • Organized
  • Responsive
  • Visionary

Most of these are self explanatory, yet I want to spend a minute on a couple of them:

Responsiveness is ever important.  As stated in Black Sales Journal, Responsiveness – the Objective of the Sales Professional 6/16/2011, responsiveness is in the eyes of the customer.  It is defined by the customers expectations, and includes such important items as:

  • Answers the phone and returns calls promptly
  • Keeps commitments
  • Provides answers to inquiries and questions as soon as possible
  • Stays in touch – communicates
  • Provides requested information promptly

Knowledge will always set you apart.  This knowledge could get you labeled an expert.  This ‘designation’ comes from those people and businesses that have benefited from your knowledge, and make the claim in your behalf.  See a most interesting set of articles in Black Sales Journal 12/20, Your Customer Needs an Expert and Black Sales Journal 6/27, More on Being an Expert – An Edge for the Black Sales Professional.  Expert power is attractive to a customer.

Empathy provides a connection and a serum that convinces the customer you are real.  If you have no empathy for the customer, then why are you calling on them?  How are you going to solve their problem if you don’t have that connection?  Put yourself in you customer’s shoes.  Live their problems and your solutions will come about easier.  Always keep in mind that a customer can tell when you have no empathy as easily as you can tell when a love interest of yours is not interested.

Now for the point that pulls this together:  If you condition yourself to be accomplished at all of these different items, you will havecredibility. Enormous credibility is the product of having deep enduring relationships and being a consummate sales professional.

More to Come….

Armed with what is above you would think that success would be much more probable.  You probably are correct, although what are missing are the activities, habits, and processes that make the person formidable even if some of the personality issues are missing.

We will cover them in the next two information-filled posts.  These are powerful for the Black sales professional.  These items are hard to put together, and even more difficult to master, yet when you do, you have an enormous amount of power and potential.

Next up:  Black Sales Journal 3/10– The Ultimate Sales Professional Pt. II –Sales Professional in Action

We hope you will read it.  If you have comment, write me at Michael.Parker@BlackSalesJournal.com.