Black Sales Journal

I recognize that the best sales jobs are still hard to come by.  There are still sales professionals that are changing jobs, and make no doubt about it, they are having to negotiate their salary.  I think these tips will help you whether you new or a veteran.  Good proven techniques for you to benefit from!

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The interview skills that you honed have been superb, and your ability to stay focused during the group interview was exemplary. The list of accomplishments on your resume gave you credibility, and your vision showed well.

Now, you have the pleasure of being selected for the job you coveted. Job one now is to make sure that you get a “deal” that you can live with. Too many sales professionals have avoided the discomfort of negotiating, which should be what you do best, and have settled for something that they later regret.

Salary- Know the Landscape

There is nothing more compelling for a sales professional than getting paid what they are worth. In order for this to happen for you, you need a brief education and awareness of the salary landscape. Getting what you deserve requires this understanding, as it is the basis for your ability to effectively negotiate. This requires some background, some homework, and a little bit of intuition.

The good part is that if you’re currently an employee of the desired company, you most likely have knowledge of their compensation. Also, the databank of information that you have accumulated during your business and sales career, no matter how long it has been, is useful.

One useful yet controversial “tool” that will help to define the landscape is called Glass Door. Many professionals from numerous occupations use this tool, and it is abused by just as many. One of the most common uses is to determine a baseline and as I explain further you will have better understanding of Glass Doors’ worth and veracity. I will provide a link to Glass Door’s site below, but first let me give you some caveats.

Glass Door depends on user/member reporting to build its database of information. Each participant must give up some information on himself or herself before having full access to the information provided by others in this database. It is extremely popular at this time, yet is probably to some degree a good place for “liars poker” as well. With that in mind, I suggest you take it with a “grain of salt.” It does not mean that you can’t use this in your quest for information, but you do need to do it with an understanding of the limitations of the tool.  You can get to Glass Door by using this link, or putting http://www.glassdoor.com in your browser.

Glass Door gives you salary information on a number of different positions, including those involving sales and service. Interestingly enough, that may include sales positions at your current employer, as well as sales positions at your prospective employer. It also factors in your geographic area as well.

This gives you a jumping off point, as you look to understand what sales professionals of like experience and position will make. Keep in mind the Glass Door is not limited to sales.

This tool gives you more information than salary, but…keep in perspective.

Before we leave this brief discussion on salary expectations and requests we should also recognize that the salary probably should not be your driving issue. You’re driving issue probably should be total compensation, and that should will be driven by the strength or weakness of the sales compensation plan that you are on. You will need a solid review of the plan to get an idea of your earning potential.  You should ask questions liberally, and I would suggest that you see the mechanics of the plan using some real sales situations.

You should get this in spoken to in the offer letter.

Lock in your “Conditions”

I will simplify this to avoid confusion. Your “conditions” would be anything that is not salary and not employee benefit driven. This will include the following items:

• Territory
• Goal Expectations
• Expense allowance–per diem
• Company Vehicle
• Inherited business
• Inherited prospects
• Issues regarding assistance and support
• Expectations on any legal costs and issues regarding any non-competes or contracts

These items are important as well, and need to be negotiated just like the salary. I call them conditions because they are a condition of the agreement that should be observed by either party.  These are part of the employment agreement and should be discussed and recorded.

Above all, get it in writing.

Lock-in your benefits

This is ultra important, not because it makes the job any less difficult, but because it makes the working conditions palatable.

I would include in that discussion the following items:

Vacation
Personal days
Employee Benefit Issues

You may not be negotiating employee benefit issues as they should be going “by the book”, yet you should get definite clarification on these issues and have a meeting of the minds as you will feel abused if you lose a dispute about these in the future.

Above all, get it in writing as no one wants to hear what you understood to be the deal; they want to see the agreement.  Remember, as you have heard before, it is not what you know; it is what you can prove!

The Power of Commitment

I think that you know my sentiments reducing all agreements to writing.  It is best for both sides.  You should also be prepared to live with it.  You negotiate for a living, and this is the most important negotiation that you are going to be involved with for years to come.

Do your homework, and be knowledgeable.  Close the deal and get to the business of selling.  No one likes surprises!

Next Post will cover the actual salary negotiation.  Knowing the landscape definitely puts you in position.

Good luck and good selling.

We welcome your comments.

Many of us have been there before, and thus the need for this post.  A tough interim or mid-term review is sobering, and if you are in sales it is easy to have a couple of tough quarters.  The importance of this is apparent when it gets to writing.  Use this post, to prepare for this important upcoming event, or to respond to a difficult mid term that has already happened.

Are you currently on a performance program? Remember, you must be on top of your game, and working all of the time.  You might refer to BSJ 4/30/2011, Are You on A Sales Performance Program? Can You Beat it?

Remember, this is the mid-term, and there is some time left to get goals, but you must do something different, or the results will be the same. This post was from last July but applies now as much as any interm period.

Never give up!

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If you are with a fairly large organization, you have probably recently experienced an interim or mid-term review.  As trite as it sounds, you knew it was coming; yet it is one of the least enjoyable activities for a sales professional.  Having someone tell you where you stand in comparison to a goal that you had no choice but  agree to.

Historically, that is the nature of sales.  Review Black Sales Journal – 1/10 Preparing for the Performance Appraisal that discusses the performance appraisal process and the sales professional.  These points are applicable here, yet I am highlighting “what is after the interim appraisal” as a result of the urgency getting on track, meeting goals, and having a successful last 5 months.

Do Something Different!

This is not an issue if you had a great interim review as you are on track, although you need to remain there.  The problem comes when the interim or mid-term was problematic, exposing what even you have to agree are sub-par sales results and as a result low attainment.

When you are in that mode you have reasons to despair and frankly, I can tell you I have been there. It is a place that you don’t want to be as you are up against a clock (actually the calendar) and you know something has got to change, or you won’t be there down the road.

The real deal is that you might not be doing anything wrong, yet you might not be doing enough right.  Something new has to be tried, and now is the time to do it.  I will propose a few things that may help; yet you cannot stop the normal sales process while you execute them.

Those items are as follows:

• You must increase your prospecting effectiveness. It is a proper activity for even those who are having success.  Please to refer to Black Sales Journal 2/10, Prospecting Tips For Black Sales Professionals.  Making your prospecting activities most effective will include changing, yet it is still an activity that is basically short-term that will yield dividends.
• Reckon with the numbers game that prospecting represents. There is no doubt that there is a formula that successful prospecting continually requires.  See this in Black Sales Journal 2/28, How Many Prospects Do You Really Need? You must know your success formula, and make it happen.  The formula is different based on your own effectiveness.  I might be able to make my numbers with fewer prospects, based on my own approach and characteristics.
• Continue to work hard. There is no magic in this statement.  You can increase your effectiveness and recognize your prospecting formula and the numbers that make it work; yet you still can do more.  Here is where you put it into high gear.

Here are some activities that you can do that you might not be doing right now:

• Utilize networking as a prospect source
• Use seminars as a prospecting tool

Networking can be a very effective prospecting source.  It does take work and some planning, yet proper networking will change the prospect base you are exposed to as well as create face-to-face opportunities for prospecting intimacy.  I went deep in this topic in Black Sales Journal 2/21, Networking for the Black Sales Professional.  Using networking effectively is possible in the short term and can be done while the normal prospecting activities continue.

Seminars can be extremely effective.  Done correctly, this activity can be more effective that networking, yet require more preparation, and potentially some resources.  Black Sales Journal 3/24, Finding Prospects Though A Seminar gets deep into this activity that I am partial to.  Now to make this activity work, you do need to have a group that has some has some commonality in buying habits, product needs, industry type, or other characteristics just as the 3/24 post describes.  Once you pull a group together like this, and deliver a message a message with value, you will potentially have followers, prospects, and some customers that you may never have been exposed to.  It would help to be an expert, or regarded as one, yet not necessary.  If you are not an expert, you should engage one to speak to your group, and as is described in the post, keep meticulous records and do not let anyone in, or out, without their contact information, especially their email.

In Summary

These are tactical activities.  They do not replace normal prospecting but can supplement that activity.  You cannot make it in sales without prospecting and need to face that important issue if you have problems there.

Prospecting is the price of admission to being successful sales professional.  Prospecting Tips For Black Sales Professionals were designed specifically for up and coming Black sales professionals in recognition that if you are going to be in this profession, you will need them to smooth out the difficulties of sourcing prospects.

Be effective and prosper.

We welcome your comments.