by Art Waskey | Aug 2, 2021 | Art of Sales Weekly, Featured
Being in a leadership position is an honor we work toward, but once there, you may find yourself unsure of how you go about handling success. Have you ever found yourself proud to be put in charge, but not quite sure how to proceed? As a seasoned leader, I find that the most important place to start is to consider and understand the needs of those you lead.
An effective leader
Here are some of my insights into what makes an effective leader.
Authority and responsibility – Accepting a position in sales, or any other form of leadership, is a choice you make. Such positions mark you as a representative of your company and enable you to expand your realm of influence. This is a large responsibility and one you must treat with respect.
Develop power wisely – Find and master the tools you need to succeed. As you progress in your sales and leadership roles, you will develop additional gifts and talents through “hardwired capacities.” Learn from others in your company and from your manufacturers’ reps. Let “iron sharpen iron.”
Permission – When I proved to my parents I was a safe driver, I was given the keys to the family car. Likewise, as I climbed the sales management ladder, I was given the keys to the businesses I was managing. If you believe in yourself and work hard, there will come a time when you are trusted with permission to lead. That permission comes with an understanding that you no longer have to ask what to do but are expected to know what to do and to report on it.
Life-satisfying privilege – In his book, See You at The Top, Zig Ziglar wrote: “The real opportunity for success lies within the person and not in the job. Success is not a destination, it is the journey, it’s the direction in which you are traveling. The privilege of leading people is that you can get what you want, instead of having to want what you get.
Designed for accomplishment
Handle your success by carefully considering your position of authority, responsibility and power. The permission you have been given to lead is a life-satisfying privilege. As Ziglar would say, “You were designed for accomplishment, engineered for success, and endowed with the seeds of greatness.”
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by Art Waskey | Jun 14, 2021 | Art of Sales Weekly, Featured
I consult with executives of all ages who are having trouble finding their way and making goals. Being uncertain as to where your career is headed is akin to climbing into your car with no destination in mind. Without direction you go nowhere! As Stephen Covey’s advises in 7 Habits of Highly Effective People ( Stephen_Covey ), we must “begin with the end in mind.” To find your end point define your mission, set goals and plan each day. Here are some tips.
- Identify your mission, vision and values – Create a mission statement that clearly identifies your purpose. Include your vision, which reveals where you are going, and your core values and philosophical ideals. Be concise so that your statement is easy to understand and remember. As an example, this is my mission statement: “To inspire executives to become all God intended them to be through Christ-centered writing, speaking, and consulting.”
- Set goals – Once you know where you are going, determine what steps you need to take to get there. Establish 6 to 8 goals annually and make them SMART: Specific, Measurable, Attainable, Relevant, and Time-bound. Avail yourself of seminars, like my “Goals with a Purpose”, to guide you through this process.
- Review your schedule – Each Monday, review your weekly calendar. Make sure you block in time to work on your goals. Layout the next steps for your 5 top priority projects. List all planned activities so you can visualize where there are open spaces. It is sometimes difficult to see times of inactivity on the calendar alone.
- Plan daily – Review each day’s activities bringing forward the ones that need follow up. A good checklist includes: “Things to do, people to see, places to go, projects to delegate or discuss.”
Clear Purpose
Live your life with a clear purpose by committing to your values. Find your way by identifying your mission, setting goals and planning your path.
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by Art Waskey | Jun 8, 2021 | Art of Sales Weekly, Featured
How can organizational skills help you be less stressed?
Many bright, young, high achieving men and women come to me with this problem – how to manage stress and anxiety. They all have too much to do and not enough time to do it, which breeds anxiety. This leads to burnout and often, to leaving a career you are passionate about. So – how do you take the stress out of success? Develop organizational skills.
Still waters
As I was working my way up the career ladder, I attended organizational skill building seminars. One instructor’s exercise, called “Mind Like Water,” I found particularly helpful. He had us imagine waking up early on a camping trip and standing before a lake with water like glass. Then he had us return to the lake later in the afternoon and envision people swimming and boating. We now saw a body of water covered with choppy waves. He explained that our mind is like a lake — when empty of activity, it can be still and calm.
Tips and Organizational Skills
Here are a couple of common sense approaches to organizing on the job. These can help you still the waters on a busy day.
- Use a pocket planner – When you are away from your office, record customer requests in a pocket planner. Repeat the request to your client as you write it down. Use your planner to jot down any other thoughts or ideas that come to mind. Don’t take a smart phone into your customer’s or prospects. It’s mere presents creates an immediate subconscious distraction. These actions eliminate the stress of trying to remember requests and important business to-dos.
- Keep a journal – Buy a journal. When you are back in your office, or in your car between calls, transfer your planner notes to your journal. This process allows you to “download” information and ideas in an orderly way. Organizing your agenda on paper eliminates confusion, which causes stress.
These basic organizational skills are mind-freeing. Practice them and enjoy the calm waters throughout your career.
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by Art Waskey | May 25, 2021 | Art of Sales Weekly, Featured
The pandemic has disrupted supply chains, resulting in shortages of goods and rapidly escalating material costs. Many suppliers have had to adjust their pricing policies. The owner of a successful distributorship recently sought my advice on how to deal with price fluctuations. Some of his largest durable goods suppliers were adding surcharges to all future deliveries. Other suppliers were changing their pricing policy to “priced upon delivery.” With no control over supplier cost policies, he wanted to know about the best pricing strategies for his business.
Pricing Strategies
While the pandemic is unique, I have witnessed similar periods of price instability in the past. My sales experience suggests you consider the following actions when dealing with price fluctuations in your markets.
- Make price increases timely – The media brings the rising cost of goods to everyone’s attention as they occur. Added costs also show up early in the grocery aisle, so your customers will be well aware of price increases. If your suppliers have initiated an increase, give your salespeople copies of suppliers’ letters to share with their customers. These will support your need to raise prices. Don’t get caught waiting. Adjust your prices as early as possible.
- Review contracts – Be sure your contracts include an escalation clause. These allow you to make price increases due to unforeseen circumstances. Most clauses will require you to provide proof of need to raise price when a situation occurs.
- Anticipate surcharges – Be aware that with rapid changes, most manufacturers will include a surcharge to recover their increased cost. This is especially true of products that are quoted with long manufacturing lead times.
- Price at time of delivery – Give the customer your best estimate cost but reserve the right to change it. Make the final price conditional to the cost you incur from your supplier. To protect his margins, I know a contractor who is quoting his projects with a surcharge for final adjustment when they are completed. When costs are changing rapidly, it’s wise to quote the final price at time of delivery.
Be Proactive
The strategies listed above are important to consider in these uncertain times. When confronted with a period of price fluctuation, be proactive.
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by Art Waskey | Apr 20, 2021 | Art of Sales Weekly, Featured
A year of living behind closed doors and in front of computers has left many wondering if the art of selling has been redrawn. Of necessity, we have adapted to ordering products and services online. Will this buyer’s paradigm shift diminish the role of the traditional salesperson that knocked on doors? Are we still in the people business?
The answer is mixed. Yes, more sales are being directed through online channels such as Amazon, Grainger, Home Depot, etc., and directly to suppliers/manufacturers. A salesman’s interaction is not required here and this is unlikely to change. Yet, there remain many circumstances in which the personal touch is still required to make a sale. What we think of as traditional interpersonal selling is still important.
Technical expertise
In today’s sales environment, technical expertise is what differentiates you from the online order cart. It brings added-value to the transaction. Reps must be able to recognize, demonstrate, and present cost savings to their customers. It is these interactions that keep us in the people business.
Required skills
To compete against the ease and pricing of online transactions, you need good interpersonal skills. Focus on these:
- Use body language – Be empathetic. The ability to understand and share feelings builds trust between people. Use eye contact and positive gestures. For example, leaning forward in your chair demonstrates confidence, interest, and enthusiasm.
- Look your best – First impressions may not be fair, but they are a fact. Make sure your initial visit is a positive one. Remember, you feel the way you look. New clothes lift your spirits and this will show. Check your face for possible embarrassments before you get out of your car. When you arrive, smile.
- Demonstrate interest – Your goal is to make the client feel important. Show genuine interest by encouraging your prospect/customer to discuss his or her interests, needs, and priorities. Do not launch into a spiel about yourself or your products. Address your customer by his name, offer a compliment, ask questions, and listen.
The human connection
The pandemic has changed many things but not our ingrained need for human connection. The “click” cannot replace what transpires in a face-to-face sales call. We are all in the people business. Work on your interpersonal skills.
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by Art Waskey | Feb 10, 2021 | Art of Sales Weekly, Featured
Were you able to pivot to online meetings when the pandemic closed traditional sales channels? The owner of a high performance car engine manufacturing company told me that he just had his best year, despite the fact that his customers faced completely closed or reduced schedules at race tracks. How did he accomplish this? The company moved fast when the pandemic hit and pivoted to a new sales strategy. To determine how demand for its product might change, engine production was paused and time was spent contacting existing and potential customers via virtual conferencing. The company found that the race community had more discretionary money to spend on engines than they ordinarily would as other business costs (like travel, entertainment, etc.) had been lowered or eliminated.
The benefits of online meetings
While in-person sales calls are still a great way to present your product, the pandemic has proven that online meetings are also a viable way to sell. Here are some of the benefits of virtual conferencing.
- Meet anytime, anywhere – There are significant time savings and productivity gains associated with meeting online. Without travel, the volume of calls can be greatly increased. At the engine shop, the owner reported bringing in more new customers in one day than they previously did in two.
- Put a name to a face – People like to see with whom they are dealing and video conferencing enables this. For the engine manufacturer, clients began requesting online meetings once that format was introduced.
- A quick path to the decision maker — With video conferencing, all the key players involved in a sale, including the owner, can come together at the same time, even if they are in different locations.
- Reach a wider network – Online video enables meetings with potential customers that previously may have been considered outside your territory. The engine maker now has out-of-state clients.
- Better customer follow-up – Virtual online checkups can rapidly measure a customer’s approval of your product or service. The engine manufacturer found that online follow-up improved their customer’s post-sales experience.
A new era
Make sure you are ready to pivot from traditional to online meetings. The pandemic has ushered in an effective new way to market goods and services —online sales communications — which are certain to remain an important part of business going forward.
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