November 14, 2007

Free Sales Training To U.S. Veterans

Starting with a three-day course on December 27 through 29, 2007, and repeating once a quarter, I will personally provide the full Honest Selling Masters Course for free to any U.S. veterans who want to take it.

The course is a three-day boot camp where attendees will learn:

  • The Honest Selling mindset, methodology, approach, attitude -- call it what you want.
  • Prospecting via phone and mail.
  • A half-dozen tried-and-true personal marketing strategies and how to organize their entire marketing plan for maximum success.
  • How to organize their entire sales system, from setting the appointment to closing the sale, and achieve 80 percent or higher closing rates.
  • How to sell quality products and services at quality prices and get paid for the value of what they provide.
  • How to build a massive database of people who know them, like them, trust them and will gladly help them whenever they need it.

I'll have four specific versions:

  1. December 27 through 29, 2007: For people who sell home-improvement products and services to homeowners. (Think siding, gutters, windows, remodeling, landscaping, and so forth.)
  2. March 27 through 29, 2008: For service providers who sell business-to-business. (Think attorneys, accountants, consultants, trainers, coaches, mentors and a wide variety of entrepreneurs.)
  3. June 26 through 28, 2008: For the agents and brokers of the world. (Think financial advisors, real estate agents, insurance brokers, bankers and so on.)
  4. September 25 through 27, 2008: For people who sell to engineers and whose sales process is incredibly technical and usually very long. (Think of selling lighting, highly complex computers or services, engineering services, etc.)

The above four courses will be held in St. Louis Missouri at the Grand Prix Speedways Conference Center in Earth City. (They're sponsoring by giving us the room free.) The training, breakfast, snacks and lunches all three days are free. Your travel expenses, if you have them, are on you.

All courses will be canceled if fewer than 15 people sign up and limited to 25 people at the most.

I'll also do this on the off months if a person, company or group outside of St. Louis picks up the banner and runs with it by:

  • Securing a room
  • Supplying the food for everyone
  • Finding the ex-military participants
  • Paying travel expenses for me and one assistant for the three days.

If you know ex-military personnel who want to learn a comprehensive selling system for free, please tell them to call me on my cell phone at 314-416-1440. (Use that same number if you want to sponsor this course in your city.)

Thanks,

Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

November 13, 2007

Why Sales Manipulation Will Die

I would love to tell you the deceitful, manipulative, lie-to-close-a-deal image most people have of salespeople is totally unjustified. But the undeniable truth is that far too many salespeople use underhanded, unethical and sometimes illegal tactics to set appointments and close sales. So it's no wonder prospects treat salespeople the way they do.

I would love to tell you these unscrupulous tactics don't work. But the truth is, people don't buy from people they like or people they trust, they buy from people they believe. And many unscrupulous salespeople are so adept at deceit their prospects can't tell whom to believe. (You have no idea how much I wish this weren't true.)

I would love to tell you there are tons of honest sales training approaches from which to choose, but my own research has proven otherwise. Yes, there are many who claim to deliver a "radically honest" approach, but let's not forget the "adept at deceit" point above.

On My Soapbox

Pardon me for a moment while I vent. (It's related to my last point.)

Last Friday, a colleague asked me to give him feedback on a cold-calling training program he was evaluating. On this trainer's website it states the system is a "radically honest" approach.

In his very first sample lesson, there are two times when he advises salespeople to tell outright lies.

Lie In Your Opening: His advice regarding your opening statement is to say "I'm just giving you a call to see if you folks are grappling with any issues around ..."

Give Me A Break: If this statement were true, even when the prospect replied with "Yes, we've been grappling with those issues for years and would love to hire someone to help us overcome them" your only viable action would be to thank the prospect for giving you exactly what you said you wanted and then hang up the phone.

Second Lie: His advice for how you should handle the "We already have a vendor" objection is to say: "That's not a problem. I'm not calling to replace who you currently have. I'm just calling to see if you'd be open to ..."

Give Me A Break: If you aren't calling to replace the current vendor -- in whole or in part -- then you better not be calling while on your employer's dime. Is there a human being on the planet who thinks this is true, let alone radically honest? (If his rationalization is that you aren't trying to replace the vendor at this very moment on this specific call, I'll cry bullshit right now.)

Honesty, Please: There are totally honest approaches to both cold-call opening statements and the handling of every objection on the planet. All you have to do is either decide to use them and invent them yourself, or learn them from someone else.

I would love to tell you the leaders of great companies -- companies you can normally count on for honest, ethical decisions -- do not allow the use of manipulative sales techniques. But countless hours working with sales teams, discussing sales at networking functions, interviewing and observing executives, evaluating sales training programs, and mystery shopping companies of all sizes have proved that even the most honest company executives often ignore what goes on in the sales department -- at least until someone gets caught.

I would love to tell you that behind closed doors manipulation and deceit do not permeate our profession, but the truth demonstrates the opposite.

What I am happy to tell you, however, is why sales manipulation will eventually die:

Most salespeople are basically honest people who simply haven't learned the honest way to sell. However, once they do, they will never go back.

Decisions in the corporate world are always driven by money. And in the long haul, honesty is far cheaper and far more effective when it comes to finding opportunities and closing deals. (The hard part is educating all those executives to the point where they'll give total honesty a try.)

Salespeople would rather behave ethically, plus a positive impact to the bottom line. Sounds like a match made in heaven, so instead of wasting time ...

Let's Talk Facts And Figures

To prove to the world's decision-makers that honesty is more cost effective than manipulation, let's first do a preliminary calculation of the Cost of Manipulation, shall we?

Fact: All dishonest tactics eventually stop working, because prospects get wise to the bullshit. (That's why companies must constantly retrain their salespeople.)

Figures: Into how many different sales training programs has your company invested, only to have the tactics cease working after a while? Calculate the cost of all these training programs and list it under "Failed Training Cost."

Fact: Most people are basically honest, and when you train honest people in dishonest tactics, they suffer immensely. (For example, people aren't generally reluctant to cold-call, but they are reluctant to manipulate prospects over the phone. Think about that for a minute and you'll begin to grasp why honesty solves major sales problems.) As a result of this suffering, salespeople either use the tactics they've been taught and hate themselves for doing so, or don't use them at all. Either way, their effectiveness at selling drops, and most either bail out of the profession completely or remain delegated to the bad half of the 80/20 group for their entire professional lives.

Figures: Calculate the cost of turnover of your sales team. How many people have you trained and lost? What did it cost to hire, train, support and replace them? What was the lost-opportunity cost of having a bad salesperson on the team for X months or years? Total these numbers and call them "Turnover Cost."

Fact: Sales resistance is not a natural part of the buy-sell process. It exists only when the salesperson's actions create it.

Figures: How many deals do your salespeople lose because they used even a slightly manipulative tactic and it created the sales resistance that killed the deal? Total the amount and let's call this "Sales Resistance Cost."

Fact: Prospects who see through your crap will gladly lie to your face. (Typically, this results in their stringing you along while they gather all the free education they can get you to give.)

Figures: How much time do your salespeople spend chasing non-buyers? How many deals could they close if that lost time was spent selling to prospects who will gladly tell them the truth, who want what you sell right now and who will write a check if your solution actually meets their needs? Add the cost of lost time and lost opportunities together and call it "Lying Prospects Cost."

Fact: When you attempt to manipulate a prospect and fail, you create and adversary, not an ally.

Figures: There is simply no way to put an objective number on the impact of bad word-of-mouth. But you can quantify the value of good word-of-mouth and assume bad press cost you at least that much. My top 23 referrals (meaning total dollar value of project closed off a referral) came from prospects who never hired me in the first place. (They referred me anyway, because I didn't use manipulative bullshit to convince them to hire me when it actually did not make sense.) So for the sake of quantifying bad word-of-mouth, let's determine the dollar value of your biggest referral ever and assume that dishonesty cost you at least one referral that size. Call this one "Lost Referral Cost."

Totals: Failed Training Cost + Turnover Cost + Sales Resistance Cost + Lying Prospects Cost + Lost Referral Cost = Cost of Manipulation

Fact: Honesty never stops working, because, well, there's no trickery to finally see through. So a single investment in training and mentoring of each sales manager and salesperson will work forever. (Not a total recovery of Failed Training Cost, but definitely a huge savings.)

Fact: Most salespeople love using honesty in sales. It fits them like a warm blanket and energizes them instead of beating them down. Some will still quit your company, either because they really aren't suited to sales at all, or because they're the naturally dishonest few, but it will be far less turnover than what most companies experience today. (To be fair, let's say an 80 percent recovery of Turnover Cost.)

Fact: Honesty eliminates sales resistance and turns an otherwise adversarial buy-sell process into a collaborate exploration. So you will never again lose a sale because of resistance that your actions create. (You'll still lose some that manipulation might have closed. So to be fair, let's guess at a 75 percent recovery of your Sales Resistance Cost number.)

Fact: The 96 percent of the buying population who are basically honest stop lying to salespeople who aren't trying to trick them into buying no mater what. (Four percent of the population is dishonest, so at best, you'll recover only 96 percent of your Lying Prospects Cost.)

Fact: If you sell honestly, even when you don't close a deal you'll create a friend, and, quite frequently, produce referrals. (I guarantee you'll get back more than your Lost Referral Cost number.)

Final Fact: I can't call it Honest Selling without pointing out that for most companies, switching to honesty in sales can be painful and arduous -- actually increasing turnover and decreasing results during the transition. But I've never seen a company make the switch and fail to drastically improve its long-term bottom line. So while you probably won't realize the bottom-line impact in the first year or so, you will realize it forever after you complete the transformation.

Hard, bottom-line numbers married to an internal desire for honesty from both salesperson and prospect. That's why sales manipulation is doomed to a slow, miserable death.


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

P.S. I reposted this article, because I believe FeedBlitz failed to deliver it the first time. Sorry if it came to you twice.

November 12, 2007

Well, At Least It's Better Than Zero

I just went to monster.com and did a search for open sales positions.

I left the keyword field blank.

In the "Select Category" field I picked "Sales."

I left the "Select Job Location" field alone, so it would return all locations.

I got 5,000 results. (I'm guessing by the number there are more openings and 5,000 is a programmed limit, but we'll use that number anyway.)

I went back to the start and added the keyword "honest" (without the quotes) to my search.

It returned 481 sales positions out of 5,000 where honesty was a factor in the description.

I went back and tried the search again. This time I used two keywords, "honest" and "ethical."

The results dropped to 131 out of 5,000.

Based on this simple test, only 9.6 percent of the people filling a sales position include honesty as a factor in their search, and only 2.6 percent value both honesty and ethics.

That's a sad, sad commentary. But on the bright side, at least it wasn't zero.


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

November 10, 2007

Look Out Salesdrips, Here I Come

When I turned 35, Dad said, "You're 35? Damn! You're almost old enough to have an opinion."

At the time, I chuckled with him at the humor of the comment but also secretly thought "You arrogant, old fart."

Now I'm on the doorstep to 50 and I find myself, yet again, wondering "When is that old fart ever going to be wrong?"

No, I'm not saying people 35 and under don't have opinions. It's just that when I look back on the opinions I had at 25, 35, 45, I realize for the first time why the wisest people in the world always have wrinkles. It simply takes a great many years of opinions, ideas, successes and failures for most of us to finally understand our calling -- our true value to the world -- and until you understand your true calling your wisdom can't find its voice.

Today is November 10, 2007, and I am elated to report that it took only 17,519 days for me to find my true calling:

I will spend my professional life bringing honesty and integrity back to the sales profession and transforming the lives of salespeople around the world.

This may not sound terribly new to those who have known me for years through Honest Selling. After all, I've been teaching people to sell without manipulation for a long time. But those who know me best will spot the core revelation, and I'm sure those who treasure me as much as I treasure them will get goosebumps for me as they grin.

So please consider this post my announcement to the world that every salesdrip on the planet is now fair game. Whether you teach sales that includes lies and manipulation, tell your salespeople to "do whatever it takes" or use lies and manipulation to trick your prospects, you now have a bulls eye on your back.

Sure, there is safety in numbers. I (as of today) am but one voice, and you (you know who you are) are hidden safely among millions. But I have a few arrows in my quiver that will gradually tip the scale:

  • People like me, because I'm not a manipulative sleazeball.
  • The craptics of traditional salesmanship are the most cowardly form of bully behavior, and I loathe bullies.
  • I have a unique talent for organizing crowds.
  • Buyers control the fate of all salespeople, and it's easy to teach them how to spot craptics.

I will transform the way selling is done.

I will bring honor back to this profession.

I will expose those who make "salesperson" a dirty word.

I will make salesdrips extinct.

Look out salesdrips, here I come.

 

salesdrip \'salz-drip\ n 1 : dull or boorish person who engages in promoting and selling goods or services by lying to, bullying, cheating or manipulating prospects; also: sales-clown, -dullard, -dummy, -dunce, -idiot


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

November 08, 2007

Thinking Outside The Bulb

Cindy and I are going green.

Actually, we've always been fairly conservationy -- thermostat at 67 degrees in the winter and 80 in the summer; open our windows whenever we can tolerate the heat or cold; recycle everything we can and have organized most of our family members to do the same; don't water the lawn no matter what; and so forth. But in a recent decision to offset the blatant natural resources abuse of some of our other family members (you know who you are), we decided to take green to a new level at the Wagner's.

One thing we did recently was head to the store to get an entire set of new, energy efficient light bulbs. One such bulb is the General Electric, Soft White 40 -- saves $24 per bulb in energy costs; last 8 times longer than a 40 watt regular soft white bulb.

We bought the 2 bulb value pack, brought it home, installed both lights and then took a look at the clear plastic packaging to find the recycle triangle and number.

Guess what? No recycle triangle. No number. Designed specifically to be thrown away after the bulbs are removed.

I'm left wondering, "When will the light bulb go on at GE?"


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

November 01, 2007

Not Everyone Is Broken

This past Tuesday I had the opportunity to hear Michael Gerber, author of The E-Myth, present his 90-minute speech "Awakening the Entrepreneur in You -- The E-Myth Revisited." Having read and enjoyed his book several years ago, I was excited in anticipation of learning some new things and glad to finally see the man in person.

Michael was a very engaging speaker who is clearly passionate about his message and his dream. His presentation was well-crafted, spoke to the heart of the problem some entrepreneurs face and included just the right mix of humor to make his points and just the right level of appropriate vulgarity to be real and effective.

Gerber's main message, however, falls woefully short of reality for the vast majority of entrepreneurs. He seems to believe that unless your approach to entrepreneurship is structured as though you were building a business to the scale of McDonnalds or Starbucks, you are broken ("a lunatic" in fact) and are in need of repair. Indeed, he is even trying to redefine the very word entrepreneur -- labeling anyone who does not follow his methods a business owner instead.

I'm sorry Mr. Gerber, but an entrepreneur is "one who organizes, manages and assumes the risks of a business or enterprise," and that includes the hands-in-the-dough pie maker just as exactly as it does the CEO running a global franchise.

The simple fact is that baking pies and running a pie franchise are two entirely different jobs, and unless you're doing the job that fits your passion you will fail. So if your passion is implementing your craft, be it pie baking, applying the law, public speaking, healing others or training dolphins, then you are not broken and you do not need to be fixed. And you should laugh in the face of anyone who would tell you otherwise.

If, on the other hand, your passion is to run a company from afar, building the systems that will allow others to implement the craft, then by all means contact Gerber or his team for help. I'm convinced they have a massive amount of experience in this realm. In fact, in my capacity as founder of Yellow-Tie -- a nonprofit trade association with international goals -- I'll be contacting them myself. (Of course, they may not want me as a client if they read this!)


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

October 15, 2007

There’s More Than One Way To Shake A Hand

In just about any newsletter, book or presentation on marketing, you'll hear a story of how a successful salesperson benefited from a series of relationships he generated through networking.

If you’re like 85 percent of all small business owners, entrepreneurs, service providers or salespeople, as you read that story your internal voice probably screamed a series of things like:

  • “Yeah, but how long did he have to network before that happened?”
  • “Like I have time to go shake random hands.”
  • “I’m just not comfortable schmoozing a room of strangers like some sales dog.”

The simple fact is, most people are much more comfortable serving clients than finding clients, and few are actually in their element when “working a room.” So it’s no surprise to me if you didn’t run right out and network after hearing the last success-story example.

But what if “networking” meant something other than glad-handing? What if you could network without having to work the room? What if there were other ways to build relationships with people who could positively influence your business -- ways that fit you like a glove?

Would your internal voice still scream, or would you be intrigued just enough to perhaps give networking a try?

Leverage Your Strengths

Cindy, my lovely wife, is professional copyeditor and a total introvert. When she enters a room with more than three people, she immediately heads for the spot furthest from the crowd. If there’s food, she’ll hover around the buffet table. If there’s a silent auction, you’ll spot her carefully studying every item to the point of knowing more about the products than their manufacturers. Where you will never find Cindy, however, is in the center of the crowd, shaking hands and trading business cards.

Yet 90 percent of Cindy’s totally new business (meaning other than referrals from happy clients) comes from referrals she’s received from the people she meets at large-group meetings.

How is this possible? Because when Cindy has a job to perform she’s a rock star. So instead of attending meetings, she volunteers to help meeting organizers -- she’ll staff the nametag table, photograph the event or show people around when they arrive.

By leveraging her task-oriented strengths, she creates an environment where she is in her element instead of fighting against her natural instincts. This keeps her comfort level high, which makes her more approachable, which makes her more successful.

Get Real

Joe is a self-proclaimed wallflower whose job is to build relationships with people who can recommend the products his company sells. A major part of his time is spent at industry workshops, because that’s where those people hang out.

To avoid the embarrassment of hovering around the perimeter of the room alone, Joe always heads straight for a table and grabs a seat -- keeping his fingers crossed that the people who eventually sit with him can help him grow his business.

As bad luck would have it, at once such workshop the event planners had secured two rooms, one for networking before the meeting and another where the meeting would be held. Since the meeting room was closed until just before the workshop began, Joe was forced into uncomfortable waters and quickly found himself standing alone along one wall. But within only a few minutes, a young woman approached Joe, held out her hand and said, “I hate networking too, so I thought I’d join you in the wallflower area.”

During the next hour Joe had a dozen great conversations with people who kept approaching him and kept starting the conversation with other "me too" comments. Then, when the workshop began and he headed across the room, he casually glanced back and realized why.

Turns out, the wall where Joe was standing was papered with a brightly colored flower pattern -- people had noticed and thought it was funny that he was standing in the "wallflower area."

To this day, whenever Joe attends a group meeting you’ll see him standing by a wall under a very large sticky note decorated with flowers and labeled “Wallflower Area.” Yes, the first time he prepared that note, stuck it to the wall and stood there was nerve-wracking, but the conversations he has had at every meeting since have been well worth the temporary discomfort of trying something so new.

Leverage The Power Of The Group

While casual relationships come from networking in large-group situations, the truly valuable relationships come from more intimate settings.

Here are some more intimate strategies for leveraging the power of the group to achieve great things for everyone in that group:

Be-Useful Meetings

One of my very favorite ways of taking potential relationships to new levels is to invite people to be-useful meetings. This is where we meet over coffee or lunch for an hour and each find one way of being useful to the other without either of us writing a check.

I never know where these relationships will head, but I always enjoy the ride.

Connection Dinners

Once I’ve had enough be-useful meetings to have found four or five people I think would find value in knowing one another, I invite them to what I call a connection dinner. The goal is to get me and three or four other people around the same table for an hour or two for some great food, great drinks and great conversations.

All I have to do for this to succeed is to introduce my guests to one another, tell them why I thought they should meet and then order myself another beer. (They take care of the rest on their own.)

Referral Network or Lead-Sharing Group

In my not-so-humble opinion, every salesperson on the planet should be part of a strategically focused lead-sharing group. This is a 10- to 30-person group of business owners or salespeople who are not competitive with one another, who sell compatible products or services, and who agree to trade referrals and introductions with one another on an on-going basis.

It's close, personal, dedicated relationships that sustain a business through good and bad, which is why I consider this a must for everyone who sells.

For a concise article on how to build such a group, see: http://yellow-tie.net/articles/referralnetworks.

Group Leadership And Participation

In every area of the country there are dozens of trade associations, chambers of commerce, charity groups and so forth that need volunteers to serve as board members. Every board needs a variety of skills, from salespeople to help with membership, to administration people helping with back-office support, to computer-savvy people who can help manage the membership database or build the group’s website.

Whatever your skills, you can find a board position where you can build relationships by doing what you do best. So get out there and volunteer.

If you haven’t noticed, the common theme of these small-group strategies is to give first -- to be the person willing to give his or her time and energy to a cause other than production of new customers. (Strange thing is, the truer you are to the give-first philosophy, the more you’ll get in return.)

Networking is much more than shaking hands and trading business cards with a large group of strangers. Each and every businessperson has strengths that can be leveraged to build relationships and generate the karma that all businesses need to succeed. So instead of letting that internal voice stop you from networking, let it guide you to the type of networking that leverages your personal strengths.

The relationships you build will last you a lifetime.


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

August 20, 2007

August Bonehead Award

Ytgw1_5 Recently, the board of directors of the trade association I founded (Yellow-Tie International) was faced with a dilemma. We had a wonderful idea to customize our member's name tags by letting each member put his or her company logo on his or her tag.

This way, members could wear their name tags everywhere, instead of at only Yellow-Tie events. Problem was, our vendor simply couldn't customize every single tag without quadrupling the cost.

We resolved the issue by doing some quick math and learning that a minor up-front investment of $2,000 in some equipment would allow us to print the tags ourselves -- giving our members the customized tags they want, while actually saving us a lot of money in the long run (500 customized tags for $2,000 instead of 500 basic tags for $5,000).

Ytgw2_3 So I went I-shopping and found a name tag printer that was perfect for our needs -- they had a great printer at a great packaged price that included almost everything we needed to print 500 tags.

I say almost, because in the very last step of the buying process the sales guy (he is an independent rep, not an employee of the company that manufactured the printer) asked me whether I wanted to buy the USB cable I'd need to connect the printer to my computer.

Let me see. Would I rather actually print name tags or am I more interested in purchasing a $2,000 paper weight?

Yes, I bought the printer and the $8.95 cable I needed to make it work. But no matter how much I love the printer, no one will ever hear how great it is, because I refuse to promote any manufacturer this boneheaded. (Note: I'm not faulting the sales guy. In fact, he and I were laughing about their attitude the whole time.)

Imagine the lost opportunity cost of that decision. As Yellow-Tie provides customized name tags to its next 500 members -- most of them business owners with large networks -- not a single one will ever hear how great the printer is. (I even chose to withhold the company name here just so they wouldn't get any positive exposure at all.)


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

August 05, 2007

One Step Toward True Value Billing

Whether you are currently billing by the hour and want to start getting paid for value instead, or you are using value billing but struggling to attach the correct dollar amount to the value you provide, here's a simple way to take one step forward on your mission to get paid based on the value of what you actually accomplish for a client.

Let the client determine the value after you've made your impact.

I'm serious. Do the work first. Then, let the client determine its value and write the check.

Before the litany of "what if" and "no way" scenarios running through your head produces smoke, allow me to demonstrate a way to do this while minimizing the associated risks.

The example I'll use is my Idea Transfusion™ session. Simply put, a company assembles a few decision-makers, some executive-level sales team leaders (VPs or senior VPs), some sales managers and a selection of sales people (figure 10-30 people total) for a four-hour idea-generation session.

I facilitate and lead the discussion -- helping the team articulate its problems, challenges and goals. Then I pull ideas out of the team, pepper them with some of my own and flesh them out until the team is excited by what it created -- effectively transfusing the best ideas from individuals into the entire group.

When the session ends, my client (a decision-maker who attended) writes me a check for whatever he or she thinks is fair. And I neither complain nor rejoice over the size of the check.

I choose this model for three reasons:

  1. I'm playing to my strengths. There are few things I do better than generate ideas and pull ideas out of others.
  2. An Idea Transfusion session requires very little preparation, because I'm really good at thinking on my feet. So at most, I'm risking a half-day of my time.
  3. Even when a decision-maker thinks the ideas weren't worth much, at least a handful of others in the room will disagree -- they'll each have found immense value in at least one idea. So in the worst-case scenario of not getting paid anything, I've built some new value-based relationships -- always a worthwhile result.

What do you do better than anyone else? (What are your strengths?)

How can you do this with a company and not risk more than four hours of your time?

Are you willing to trust people completely?

If you can answer those questions, give this a try and see whether it works for you.


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

July 01, 2007

Rules Of Gambling, Rules Of Selling

One summer during high school, I was working with Dad on a small remodeling project -- we were enclosing the back porch of a single-family flat in the city. Our customers were a young, recently married couple. He was a Lutheran pastor; she was a nursing student.

My first task early one Friday morning was to remove the door from the back of their house -- turning it into an open doorway -- and reinstall it at the entrance to the newly enclosed porch. The door opened into the kitchen, and as I began my work, I noticed the couple was having coffee at the kitchen table and discussing the pastor's sermon for Sunday.

I had long before learned that the best way to avoid the appearance of eavesdropping was to point out I would be unable to not hear what was being said. In this particular case, the pastor replied, "No problem. In fact, I'm creating a sermon on gambling and struggling to decide how much money is too much to bet. What would you say?"

I offered to share Dad's rules of gambling; the pastor eagerly accepted.

  1. Never make a bet you can't afford to lose.
    I once heard a story that Michael Jordan bet one million dollars on a golf game. Whether he actually made that bet or not, I'm sure at any given moment he could easily part with that much money. So while this may be an absurd bet for most of us, for him, it's actually reasonable.
  2. Never bet into the other man's game.
    Amarillo Slim (a famous poker player and gambler) once challenged tennis pro Bobby Riggs to a game of table tennis with the caveat that he (Slim) could choose the paddles. Riggs, an experienced Ping-Pong competitor, jumped at the chance to take Slim down a notch -- immediately accepting the challenge. Slim chose iron skillets for paddles and promptly cleaned Riggs' clock.
  3. Never bet against the odds.
    Casinos are virtual money machines, because there is not a single bet that can be made where the casino does not have the odds advantage. And when someone develops a system that will flip the odds into his or her favor, the casino will not only ban that person from the building, it will warn every other casino in the world to be on the lookout for the individual. (The one time I ever entered a casino, I went with the express purpose of either having fun losing $100, or walking out with $1,000. I spent three and a half hours at the $10 craps table. I got to $850 before I experienced a meteoric series of bad rolls that completely wiped me out. It's the most fun I've ever had spending $100.)

But what does this have to do with selling?

  1. Never go on a sales appointment you can't afford to lose.
    You can't negotiate from a position of power unless it's easy to walk away. If you've ever purchased a car, then you know the best way to get what you want is to walk out of the showroom. Imagine how less powerful that tactic would be if the tables were turned, and the salesperson simply did not care whether he or she sold you a car. (I know a car salesman whose marketing efforts produce more than 10 sales opportunities a day. Threaten to walk away from the deal he shows you, and he'll smile while he opens the door.)
  2. Never sell using the prospect's buying system.
    While I'm all for matching your sales process (the order things happen) to your prospect's buying process, I don't advise changing your sales system (what happens) to the prospect's buying system, lest ye find yourself hitting Ping-Pong balls with frying pans. So if you've decided to never submit a proposal without speaking personally to the decision maker, for example, then stand your ground when a prospect asks you to do exactly that. (Note: Following Selling Rule 1 makes this a lot easier to actually do.)
  3. Never bet against your own odds.
    The best reason to carefully track every aspect of your prospecting, marketing and selling efforts is to determine your personal odds, so you can make smart choices. Suppose, for example, you close only 5 percent of the deals for which you submit proposals without first speaking to the decision makers, but close 75 percent when you have those conversations. When the prospect demands the proposal without that conversation, reply with "I'm not willing to create a proposal without first speaking to the person who will actually sign it. Where do we go from here?"

I've spent more than 40 years applying variations of Dad's gambling rules when betting on business, on love, on life.

And, I've won far more bets than I've lost. (Thanks, Dad!)


Gill E. Wagner, Sage of Selling
President of Honest Selling
Founder of the Yellow-Tie International Business Development Association

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Who Is The Sage of Selling?

  • Gill E. Wagner
  • Sickeningly In Love Husband
    Married to Cindy for 23 years and still enjoying the honeymoon.
  • Avid Cyclist
    It's not how fast you go, it's how good you look.
  • Serial Entrepreneur
    President, CEO or partner of six successful start-up companies.
  • Lifetime Salesman
    Started going on sales calls at age 12 and never stopped!

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