Black Sales Journal

There something about telling the truth!  It can disarm, humble, or even impress a buyer.  There is also something else about telling the truth: Its easy to remember!

_________________

You have seen in previous posts my comments about telling the truth in the sales process.  It is without fail that when a sales professional gets immersed in small lies, they graduate to being able to tell the larger ones with aplomb, and without much hesitation.

I will clarify what I mean, and I am almost certain you will know someone who engages in the practices that we are talking about.  The truth has a strange way getting in the way for some sales professionals.  Being honest about the fit of your product and the customer’s needs is an essential part of the process.  If you are caught in a lie in the sales process, your chances of a good relationship are diminished.

What Kind of Lie?

There are several different types of lies that are common in the sales process.  I would suppose that it would be simple to say this a prohibition against lies should apply only to the “big ones.”  To be truthful, that is not correct.  Sprinkling your encounters with customers with lies cannot result in any great advantage worth losing your credibility over.

We spoke in Black Sales Journal 3/31 Credibility – The Goal of the Black Sales Professional,regarding this issue, which is so important.  It cannot be denied that credibility is the “pot of gold at the end of the rainbow” for the Black sales professional.  You cannot manufacture it, you must earn it, and it can be fleeting if you are not careful.

Lies of Convenience

I am sure that we all believe that there are small imperceptible lies to customers that don’t matter.  They are small, and meant to be “convenient” type lies.  This is convenient for whom? I think you get it.  The small lie, which is told to the customer, is for the convenience of someone else.  It may be that you cannot get delivery until next month, even though the product is needed next week.  Missing this sale would be better than losing the confidence of customer.

If you are lying for convenience, rethink it.  That small lie for convenience can break any confidence and trust you have if you get exposed.  Think of your relationship with the customer based on the “life value” of the customer.  The total amount of business that you can get from this particular buyer, whether he/she stays at this current organization or not, is what should be considered, this year, the following year, and the years after.  The total of this is the life value.  To guess at it, multiply the value of the average sale (in dollars) times the average amount of transaction or sales that will occur in the life of that relationship.  Sometimes, you might find yourself surprised by the size of that number.

The confidence that you maintain with the buyer will go well past the fact that you don’t deliver in a particular instance.  Tell the truth and you will be recognized for delivering “when you say you will.”

Lies in the Middle

Obviously, these are not necessarily big, but they do happen. Yes, there are sales professionals who would tell something other than the truth about their product or service to get the commission or bonus. The problem comes when the performance is not there, and someone loses confidence in you and your product or service.  Knowing the features and benefits of your product or service, is what you do.  You can easily substitute, or contrast a different feature when you know your product/service is not the leader in particular area.  When you say things about your product/service, or your organization that are misrepresentations, it may be sales talk, but it is still a lie in the eyes of a customer.

Lies to avoid embarrassment or cover for mistakes are lies told which could be avoided.

Lies for Profit – The Big Ones

If you know someone who is telling lies to consummate the sale, and thus pocket commissions or bonuses, then they are involved in the “big one.”  I only say this because if they can twist the truth for the self of self-aggrandizement, I suppose that they have decided that this is a job, and not a career.  It will catch up with them at some point.  Obviously, no suggestion in a journal like this will change their mind.

I will say a couple of things about the process of lying in sales.  In a profession where relationships change everything, a lie can change the landscape.

A Case for the Truth

The energy expended on the lie, and the “maintenance of the lie” are consuming.  Additionally, the truth is easy to remember.  No need to expound on this issue.  So it is noble to tell the truth, and may expose you to some chagrin, yet we all make mistakes, forget, and have errors in judgment.

Resort to the truth and you will find that the best customer is the one that appreciates you because you are an honest professional.  Sales professionals who tell the truth don’t always get the business, yet they secure and grow relationships.

Some sales roles are transactional, but for some of the best compensated it is a relationship game.  Don’t forget it!

We welcome your comments.

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.

________________________

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 you 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.

Preference 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:

Black 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.