Posts belonging to Category Solving Racial Preference



Selling A Commodity? – The Difference Is You!

You!

As a sales professional you sell what you are given to sell.  When the company that you are representing is selling a commodity, you have to put forth some extra effort to land the business.

While there are a lot of products out there that “sell themselves”, you may have a product that is as inauspicious as salt.  I am going to talk a little about some ways to get the “edge” in the sales process.

Salt Might be Just Salt, but ‘You’ are Different!

The majority of products do have features that provide benefits that others do not necessarily have.  Commodity products are literally indistinguishable from their peer products.  Know how different your product is, if the customer views your products as “the same” as your competitors, the customer’s perception is the new reality.  Here is some good information that you can use to help

  • The Package – The package is anything you and your company do that gives the product additional or differential value.  Items like delivery time, credit terms, refund policy, and other additions are important.
  • The Professional Edge – You, in partnership with your organization can be the edge.  What makes you the best sales professional out there?  Can you define it? Responsiveness, innovative, intuitive, or are you an expert, product or industry as described in Black Sales Journal’s Your Customer Needs an Expert – December 2010
  • The Pricing – If this variable is equal or close to the other products, it does not detract from the rest of the items.
  • The Perceived Value – The sum of the above three items in the eyes of the customer.  This is how the customer believes that they can benefit from the coupling of your product, packaging, pricing, and the professional that is standing behind those three items.

So the simple equation looks like this:

[PACKAGE + PROFESSIONAL + PRICING] = CUSTOMER’S PERCEIVED VALUE

THE PACKAGE

This one is simpler than you think.  Keep in mind that since it is under your nose, you might not have studied it much.  Now is the time to take account.

A carpet store knows that most of the carpeting that they are selling comes from the same mills as their competitors are using.  Price is a differentiator, but when it comes to this product, the slight differences in price for buying in volume do not transfer well to the customer.

The answer is the packaging that includes:

  • Same day or next day delivery
  • Sunday Installation
  • Employing your installers (more accountable, more responsible)
  • More favorable credit terms
  • Disposal of your current carpet and pad

None of these things are beyond duplication, yet when some are offered they can make the difference in the sales by appearing more amenable or customer centric.  Think about the advantages that your organization has over your competitors, and focus your sales pitch on them.

The Professional – YOU!

This is the most visible difference out there, if you believe in yourself and give it your all.  Being responsive, giving excellent follow-up before the sale, and being an expert (industry or product) can be solid differentiators.   Know how to use them to your advantage.

It is not enough that you can brag about your experience; can you give references as to you and your company’s work?  Can you drop names of those that have benefited from your ingenuity and judgment?  When you get those compliments, you must file them and be ready to call upon them.

By being the ultimate professional, the Black sales professional can make all of the difference in the world.  Knowing how to smoothly go from appointment to commitment to the close is invaluable.

The Pricing

In a true commodity situation, your price is most likely going to be very near the same.  Pricing factors should affect all products equally.

Perceived Value – The Customer’s View

The customer is looking for some difference, and in the absence of something relevant will consider it a commodity product.  This is not good because then there is an inertia that will keep them with their current vendor.

The sales professional has a responsibility to catalog the differences, and find the ones that apply to the buyer.  The buyer’s perception of those differences is the key.  Know your buyers and know your packaging.

In this example you are selling galvanized screws in 20 pound boxes.  Your product is so much of a commodity that your box even looks like your competitor’s products.  You, as a sales executive, cannot change anything on the product, or the box they come in, yet you can intervene to get them better the credit terms, insure delivery by tomorrow, or something else of value based on your knowledge of the customer’s situation.  The concession regarding credit or delivery is a packaging issue, yet the listening to understand that extensions of more credit or rapid delivery were ultra-important comes from being an engaged professional.  The net result is that the customer’s perception will be that your package, you and your company, have more value.

Try the exercise of taking inventory of you and your company’s advantages down to the smallest of differences.  Be exhaustive in your review.  You will note that even when the product is a commodity, there is still something to sell.  Last but not least, remember the real difference maker, you the sales professional!

Let us know what you think.

Romance Is In The Air – But Not for The Black Sales Professional

As we arrive to Valentine’s Day, and are about to move to spring, I surface this great topic.  Vault’s 2011 Office Romance Survey (Vault.com) indicates that 59% of all employees have engaged in an office relationship.  If this is close to true, there is a lot of romance going on.

I would like to try to give you some reasons that Black sales professional might want to avoid that temptation.

The Office Relationship and the Sales Professional

An office relationship is so common, yet reveals the greatest of pitfalls for any sales professional, especially the Black sales professional.  Any relationship is an investment of time and effort; time is finite, and effort measurable.  A sales professional is evaluated based on success in meeting one’s goals, and when there are shortcomings, the extracurricular activities that are in clear view are then viewed in a different light.  They then become a focus.

The burden of sales is its measurability.  It is the day-to-day, week-to-week, and month-to-month measurability of professional sales that generates scrutiny.  Often there is no one individual who knows when you are working, or…well, dating.  In sales it comes with the territory; since there is no time clock, only results.

With all of this in mind, overt, or supposedly covert dating opens you to potential criticism.  If your numbers are not there, it is assumed that your relationship is getting in the way.  If your numbers are there, it is ‘obvious’ that the numbers could be better.

Couple the above issues with the fact you are Black and very much subject to the perceptions of others and you have an interesting problem.  If those who believe the perception that you are putting romance before sales efforts are managers, it surely will come back against you.

Yes, this is a touchy subject, yet true.   Being Black in a predominantly white organization leaves you open to be subjected to the perceptions of many, most importantly the sales managers and the general managers.  In an atmosphere where you need as level ground as possible, the last perception that you need is that you are acting as Romeo, or Juliet on company time.

Some Suggestions

I would suggest that you avoid relationships in the workplace.  Do I believe that most of you will listen to me?  Frankly, I don’t.  If you are going to date in the workplace, I throw out these few points:

  • Know your company’s policy on office relationships – This can keep you from a fatal error.  Yes, many companies have a policy, and you might want to know it before it is used on you.
  • Recognize the harassment exposure – Think it over real well.  If things do not go well, anything you say or do may come back to haunt you!  Most relationships are short term and it is the aftermath of a relationship that triggers harassment claims.
  • Be extremely discreet – There should be no outward expressions at the workplace or on company time.  You should know that if you discuss it with anyone, it will be ‘publicized’ by text messages, tweets, email, and general office conversation, not to mention cell phone pictures.
  • Social Media will work against you – Anything you post, or she posts on social media sites can be evidence of illicit or clandestine activities.
  • Above all know your exit strategy – If it is not working out the way you need, how are you going to get out without a nuclear explosion.  It might be good to have that conversation and agreement at the beginning of any office relationship.

It should go without saying that no managers should be dating subordinates but I will throw it in here as well.  Nothing will shorten a career faster that this type of activity.  Don’t even think about it!

Of Particular Note – The Interracial Relationship

As much as things have changed in the last 50 years, of particular note is the interracial relationship in the workplace.  Something that happens almost commonly in the “real world” still brings extreme scrutiny in the workplace.  Thus there is a double jeopardy for the man or woman who has an interracial relationship in the workplace.  That double jeopardy is based on the fact that the Black sales professional could be damaged by an office relationship, no matter who the partner is.  Additional scrutiny comes to bear when the workplace relationship is interracial.

You are at work to make money and to build a career.  Both can be subject to the whims of others in the workplace.  All of you already know that when it comes to your career and your money, the possibility of a short-term relationship could be very expensive.

Happy Valentine’s Day.

Your comments are welcome.