Wednesday, June 30, 2010

Mental Toughness is s-o-o-o important!


One half of sales are 90 % mental

Some long time baseball fans might remember the old New York Yankees player, Yogi Berra who was famous for his sayings that made no sense at all, yet they did, if you get what I mean. I know that I am taking some liberties with this famous Yogi-ism as his speech talked about ½ of baseball being 90 % mental…something like that but I like it so this is what I am going with today.

The fact of the matter is that your mental attitude plays a major role in determining your success or lack thereof. I do not think there is any denying this fact!

Over the past year and a half many of us have been pushed to the brink. Many people have been on the edge, literally with respect to staying in this business or not. Obviously this has been a major concern for all of us in the home office when we consider the plight of our salesperson in the field.

Although no one has been immune from these pressures, top producers have had to tough it out, in a sense because their options were limited. Jobs that pay $75 K to $100 K or more are not growing on trees in a regular economy, and certainly are not floating out there these past few years.

The salespeople in the middle to lower end of the pack are the ones that are faced with the toughest decisions. They have been making a living, but not a great one and now the tough times come at us.

This is when that mental toughness comes into play! Sure they can cash it all in and give up but the most resilient people know that there are brighter days ahead. There are! Things always come around. The question is will you be there to get a piece of the action when the time is right! Although it appears that everything has changed in this industry some of the basics remain the same from when I entered many years ago. You need to work hard. You need to work smart, perhaps smarter than you worked in the past.

You cannot be easily swayed by buyers saying no we are not buying! They have always said no more than they said yes…right? Think about it. They have always said no a heck of a lot more than they ever said yes! If this was not the case we would all be living in a better neighborhood, in a bigger house and driving a nicer car. The human memory is a very interesting thing. Sometimes it plays tricks on you only allowing you to remember the bad things.

Salespeople need to fight off the bad things. Sometimes this is done, not by denying that bad things happen but by offsetting them with the good memories or the good outcomes that have occurred in the past. Let me throw out another saying that I really like that when you think of it makes a lot of sense…

“The definition of insanity is when you do the same things over and over again yet you expect a different outcome each time.”


Has anyone ever done this? Time and time again we encourage you to try different things. Hopefully most of you have gotten this message by now! The worse that you will find is that the new effort did not produce any positive results either and then (looking on the positive side) you at least learned something!

Last but not least keep your head up. Buyers want to buy from positive people. Moping on a sales call and telling your buyer how bad things are is a sure fire way of making sure that they do not give you an order today. Be upbeat and positive and it can be contagious.

Who do you like to associate with? Faced with a choice between hanging with a bunch of positive people committed to finding a way to improve things today and tomorrow or a group of people telling you how bad things are and how they got screwed out of an order some way what would you pick?

So while we may all agree that these observations are true, staying mentally tough may be easier said than done. It takes discipline on a daily basis. It also involves some self regulation in addition to checking in with others who will tell you when your attitude stinks. These helpers need to be brutally honest with you! Do you have people like this in your lives? Are they around you enough to be able to keep you on track? This is a must!

If you answered yes that you have these types of people around you, but you only see or talk to them once per month this is not going to cut it! Having a bad or negative attitude for as much as a month without being corrected can do a lot of damage with prospects, customers and eventually your wallet or pocketbook because the sales and commission results will be affected adversely. So it is important to take an inventory of yourself. Here are a few questions to have posted in your office.

  1. Do I have people around who will tell me when my attitude is not positive?
  2. Do I wake up in the morning wanting to go to work?
  3. Do I have a plan of action for each day?
  4. Do my customers appear happy to see or hear from me?
  5. Do I spend more time complaining about problems than working to solve them and move forward?
  6. Do you feel that you MAKE THINGS HAPPEN or those things just happen TO YOU?

Please feel free to add your own questions. I bet you are thinking of some right now. It is essential that you maximize the amount of time that you are working with a positive attitude and eliminate (or certainly significantly reduce) the amount of time that you are working with a lousy attitude. Working on this every day will produce positive results for everyone!

Try it. If it does not work we will gladly refund your misery!

Thursday, June 24, 2010

Let your voice be heard





Do you have something to say? Do you believe that PPAI (Promotional Products Association International) would benefit by hearing your perspective? If you feel that you would like to get involved and associate with other professionals in the promotional products industry you need to check out this new site...


This is PPAI's new Volunteer Central Site. When visiting this site you will be asked to fill out your profile telling us about yourself. This will take about two minutes but once you do you will be "in the loop" with hundreds of other professionals who participate and volunteer in the association activities.

You will be able to learn about committees and action groups as well as task forces and projects that are ongoing at the association level.

Don't worry...filling out your profile does NOT mean that you are volunteering. All it means that you are registering to be in the database. This database where you tell us about yourself and your interests will be instrumental going forward in allowing us to determine the needs and wants of our membership.

It will allow you to learn about all the opportunities to volunteer, IF you are interested!

Volunteer Leadership is a wonderful thing. If you do it right I believe you will get back a lot more than you give.

Please consider going to this site and checking it out. Take the two minutes to plug yourself into the association and consider volunteering. There are all sorts of things you can participate in ranging from quick surveys to short projects that might involve a couple of conference calls over a few months. If you are really hungry for the involvement you can click to join some of the action groups or inquire about committee opportunities.

The key is to get yourself registered.


Thank you for taking action TODAY!

Dave

Monday, June 21, 2010

Are you gambling with your time?



Are you a gambler? It seems nowadays that gambling is pervasive in our society. It certainly permeates the sporting world and it has become a major part of everyday life in many states with the influx of the lottery and all the options there.

Personally I am not much of a gambler however I believe that people should have the right to do what they want with their money as long as they are not being duped or mislead into something. How does this all affect us in the promotional products world?

Recently I have become very concerned with the number of salespeople who find themselves being dragged into bidding situations with their clients. My company has over 375 sales reps all across the country, and while we promote the fact that they are as free as any independent contractor or independent business owner to do what they want with their time, we also believe that we have an obligation to help direct them as to the best use of their time. We spend a lot of time, effort and money in the area of education and selling techniques.

This all becomes relevant when time after time salespeople tell me that they got asked to bid on a project for their client. The bid requests state that it is pretty much all about price! Yikes, this is not good! I am not sure, but I think a case could be made that awarding business based solely on price in this industry will lead the client into trouble the majority of the time. Too may things can go wrong when you take into consideration...
  • artwork
  • product quality
  • inventory issues
  • in hand dates
Probably more troublesome than the whole bid situation is the fact that the sales executive feels like they have no recourse. What can they do? They have to bid the project...right? They have to go through the process. Sometimes it is stated right upfront that the client is getting as many people as possible to bid on the job. What?

We talked recently to a large corporate client who told us that they had been having conference calls with distributors all over the country for more than a week alerting them to an upcoming reverse bid auction and begging with us to participate. They were very open and direct about this and thought that we would be very appreciative to be included. To be blunt about it we we were not! A reverse bid auction...you have to be kidding me!

These are ridiculous. Yeah, this is what I want to do, spend hours and hours of my valuable time trying to find a way to make less and less on an order. Does anyone else see it this way?

As far as I am concerned anyone who is spending a great deal of time bidding on projects with clients that they know, are gambling with their time. Just like the casinos in Las Vegas and Atlantic City we need to realize that there are more losers than winners. If you are spending time looking for bid opportunities or participating in bids with companies where you do not have an existing solid relationship you are playing an even higher stakes game. Your chances of winning is almost nil!

When I entered the industry over 20 years ago I used to hear the grumbling about the less than professional ad specialty rep who "gave everything away" meaning that they sold at such a low price that they ruined it for the professionals out there who needed to cover overhead and were running a legitimate business. We all said these people would be in and out of the industry before you knew it. I think this was true back then!

Today the same thing is happening, only technology is involved. Salespeople are getting involved in deals where they cannot possibly make any money. Is getting an order from a client where you do not make any money a good thing? While it might stroke the ego, it certainly does not help to pay any bills!

I am not sure how to change this trend of large and medium, and sometimes even small companies going out to bid their promotional products but I do feel strongly that just because everyone else is "jumping off the bridge" does not mean that you have to do the same! Maybe, just maybe if more people reacted this way and said....
"While we understand your process, we have respectfully chosen to not submit a bid at this time due to the fact that our time and creativity is worth more than you are offering."
From the corporate office we have done this and I have to tell you, the feeling you receive is somewhat liberating. Many times the company putting out the bid is dumbfounded that we do not WANT their business. Let me be clear, we may want their business, but not on the terms that they are proposing.

The morale of the story here is that all of us should think long and hard before we risk (gamble with) our time investing in projects that have little or no chance of succeeding and where even if we are the successful we have put ourselves in a position of making little money for the time spent. We would all be much better off investing our time in looking for new clients who value who we are and what we do, clients that do not feel that price is the determining factor on who they award their business to.

Remember there are a lot of things that can go wrong in this business and operating on razor thin profit margins, if any, is risky business! You might as well just run down to the casino and put all of your money on RED. Would any of you do this today?

If so...Good Luck! Remember the casinos were not built on your winnings!