The Power of Selling 1-1 Chapter 2 The Power to Choose Your Path: Careers in Sales 1-2 Video Case • The video, What it Takes to be Successful in Sales, features Paul Blake, vice president of Sales at Greater Media Philadelphia • In the video he shares his thoughts on what it takes to be a great salesperson and what he looks for when he’s hiring new salespeople 1-3 Video Ride-along Discussion Questions • Is there any difference between a “good” salesperson and a “great” salesperson? Discuss. • As a customer, recall a purchase situation where the selling approach adopted by the salesperson was excellent, which made the buying experience ineffable. List a few traits of this salesperson. 1-4 Chapter Objectives • Discuss the characteristics required to be successful in a career in sales. • Understand what you can expect from a career in sales. • Understand the different types of selling channels and selling environments. • Learn how to position your education and experience to create a resume and cover letter to get the job you want. 1-5 Traits Required for a Successful Career in Sales • Character and the ability to build trust • Ability to connect • Listening skills • Ability to ask the right questions • Willingness to learn • Drive to succeed 1-6 Traits Required for a Successful Career in Sales • Resilience and a positive attitude • Willingness to take risks • Ability to ask for an order • Independence and discipline • Flexibility • Passion 1-7 Career in Sales • The role of a salesperson – To create value • If you are considering investing your career in the selling profession, know what’s in it for you (WII-FM) • On any given day, a salesperson might work on multiple activities • Sales is a “pay-for-performance” profession Item number: 77005422 1-8 Types of Selling Channels sells washers and dryers B2C Item number: 77006563 B2B 1-9 Figure 2.12 - Business-to-Business Versus Business-to-Consumer Selling Characteristics Insert Figure 1-10 Types of B2B and B2C Selling • Transactional selling: Efficiently matches the customer’s needs in an operational manner and no personal relationship is formed – Occurs in both B2B and B2C situations • Consultative selling: There is long-term or ongoing relationship between the seller and the buyer, and the salesperson provides ideas or solutions to the customer based on customer needs – Occurs in both B2B and B2C situations 1-11 Types of B2B and B2C Selling • Adaptive selling: A salesperson adapts or changes behavior during a customer communication to positively impact the outcome – Occurs in both B2B and B2C situations • Strategic alliance: Buyers and sellers working together to create opportunities for both companies that wouldn’t exist without the relationship – Occurs in B2B situations 1-12 Types of B2B and B2C Selling • The video Transactional Versus Relational Sales features a consultant from Rockstar Consulting - a personal development company, that provides business and life coaching, sales training, and skill-development services • The speaker in the video discusses two different styles of selling transactional selling and relational selling Source: rockstar-consulting.com 1-13 Types of B2B and B2C Selling • Can you list a few pros and cons of transactional and relational selling apart from the ones discussed in the video? • Which category would most of the salespeople you come across in daily purchase situations fall under - transactional selling or relational selling? 1-14 Types of Selling Positions • Inside salesperson: A salesperson who performs selling functions such as providing information, taking orders, and following up using communication methods such as telephone, e-mail, text, or fax, but does not actually meet with the customer face-to-face • Outside salesperson: A salesperson who meets face-to-face with customers and performs a variety of sales functions 1-15 Table 2.1 - Types of B2B and B2C Sales Positions Insert Table 1-16 Direct Selling • The sale of a consumer product or service away from a fixed retail location 1-17 Direct Selling • Independent business owners (IBO) – A direct sales person who distributes a company’s products or services and earns income based on the sales • Multilevel marketing (MLM) – A selling system in which independent business owners invite other people to become IBOs and earn incentives based on their sales of the product or service • Pyramid schemes – A process that involves the exchange of money simply for recruiting people to participate in a multi-level selling business without the benefits of sales – This business practice is not sustainable and is illegal in many states 1-18 Types of Selling Environment • Learn about the current trends in direct selling • The video showcases the growth of direct marketing which provides secondary income to most of its consultants while also providing a sense of job security 1-19 Other Selling Environments • Entrepreneurial selling – A business started by an individual – Being an entrepreneur can be exhilarating, invigorating, exciting, challenging, time-consuming, and frustrating • Global selling – Selling in countries outside the U.S. – Presents additional levels of challenges including cultural, political, legal, demographic, and economic 1-20 Other Selling Environments • Non-profit selling – Fund-raising and the development of endowments are the lifeblood of nonprofit organizations – Selling is the engine of non-profit organizations 1-21 Selling U 1-22 Five Steps for a Resume That Stands Out • Step 1: Define your three brand points that make you unique and provide value to a prospective employer • Step 2: Choose your resume format and font • Step 3: Choose your headings and put the most important ones first • Step 4: Write your bullet points • Step 5: Review, check spelling, proofread, repeat 1-23 Resume Formatting • See how easy it is to format your resume using a table in Word • The video demonstrates how to make a resume very professional and very easy for the reader to see what makes you special • The sample used here is Rakeem S. Bateman’s resume; it appears in the Selling U section of this chapter (Figure 2.8 - Standard Resume Incorporating Effective Headings) Source: Flat World Knowledge 1-24 Three Steps for a Cover Letter That Gets Noticed Start with your three brand points Understand the elements of a cover letter Write your cover letter 1-25 Figure 2.6 - Standard Resume 1-26 Figure 2.6 - Standard Resume 1-27 Figure 2.6 - Standard Resume 1-28 Figure 2.7 - Standard Resume Incorporating Brand Points 1-29 Figure 2.7 - Standard Resume Incorporating Brand Points 1-30 Figure 2.7 - Standard Resume Incorporating Brand Points 1-31 Figure 2.9 - Effective Cover Letter 1-32 Figure 2.9 - Effective Cover Letter 1-33 Figure 2.9 - Effective Cover Letter 1-34 Figure 2.10 - Elements of a Cover Letter 1-35 Figure 2.10 - Elements of a Cover Letter 1-36 Figure 2.10 - Elements of a Cover Letter 1-37 Figure 2.10 - Elements of a Cover Letter 1-38 Figure 2.11 - Sample Cover Letter 1-39 Figure 2.11 - Sample Cover Letter 1-40 Figure 2.12 - Sample Resume 1-41 Figure 2.12 - Sample Resume 1-42 Figure 2.12 - Sample Resume 1-43 Summary • A good salesperson does more than sell; he builds a relationship and trust with the customer and offers solutions • Companies sell to customers in business-to-business (B2B) or business-toconsumer (B2C) channels • Your resume and cover letter are your “advertising” for your personal brand 1-44