Table of Contents
In business, nothing happens until a sale takes place. Salespeople are some of the most important people in our society. Without sales, our entire society would come to a grinding halt. Today, the very best companies have the very best salespeople. The second-best companies have the second-best salespeople. The third-best companies are on their way out of business. The most successful organizations in the world are all superb selling organizations.
Hundreds of universities now offer courses in professional selling, a great change from a few years ago. Many young people are coming out of college and immediately seeking positions in sales with large companies. More CEOs of Fortune 500 companies have come up through the ranks from sales than from any other part of the company.
The Major Contributor to Society
The only real creators of wealth in our society are businesses. Businesses produce all products and services. Businesses create all profits and wealth. And businesses pay all salaries and benefits. The health of the business community in any city, state, or nation is the key determinant of the quality of life and standard of living of the people in that geographical area.
Salespeople are the most vital people in any business. Without sales, the biggest and most sophisticated companies shut down. Sales are the spark plug in the engine of free enterprise. There is a direct relationship between the success of the sales community and the success of the entire country. The more vibrant the level of sales, the more successful and profitable is that industry or area.
Salespeople pay for all the schools, hospitals, private and public charities, libraries, parks, and all good things that are vital to our standard of living. Salespeople—through their sales and the profits and taxes created by successful companies—pay for government at all levels, for all welfare, unemployment insurance, social security, Medicare, and other benefits. Salespeople are essential to our way of life.
“Most of the important things in the world have been accomplished by people who have kept trying when there seemed to be no hope at all.” – Dale Carnegie
Key Characteristics of Top Salespeople
There are certain characteristics that separate successful salespeople from average salespeople. These qualities have been identified over the years through interviews, surveys, and exhaustive research. Keep these two things in mind: First, no one is born with these qualities. Second, all of these qualities are learnable through practice. You can develop the characteristics that will virtually guarantee an extraordinary quality of life for yourself.
It was once believed that people were successful because they came from the right families, had the right education, developed the right contacts, got good grades in school, and other measurable factors. But then researchers discovered that there were people who started with none of these advantages, yet ended up at the top of their professions.
1. Starting from Nothing
One of the best proofs of this is the number of new immigrants who arrive in any developed or rapidly developing country with little money, no contacts, no school or university background, limited English skills, and every other conceivable disadvantage. But somehow, in a few years, they have overcome every single difficulty and have become leaders in their field. These people are now top salespeople, highly paid, and even self-made millionaires or even billionaires. In every case, the reasons have more to do with what is going on inside of them than with what is going on outside.
2. Build the Foundation Deeper
It is what goes on inside the mind of the salesperson that makes all the difference. Some years ago, Harvard University did a study of sixteen thousand salespeople and found that the basic qualities that determine success or failure in selling were all mental. If a person had certain qualities, he or she would succeed, holding constant for everything else. And if you develop these psychological qualities, they then form the foundation for your own personal sales success.
If you want to know how tall a building is going to be, you look at how deep they dig the foundation for that building. The deeper the foundation, the taller the building. In the same way, the deeper your foundation of knowledge and skill, the greater the life that you will be able to build. Once you have built your foundation and have become absolutely excellent at selling, you can go anywhere and write your own success story. And you can always build your foundation deeper.
3. Harness the Untapped Potential
The average salesperson uses only a small percentage of his potential for effectiveness in selling. It is estimated that the average person in general never uses more than about 10 percent of his potential. What this means is that each person has at least 90 percent or more potential left untapped. It is when you learn how to unlock this additional 90 percent of your own potential that you move into the income categories of the highest earners.
4. Follow the Leaders
If your goal is to be in the top 10 percent of salespeople in your field, the first thing you do is find out who is already in the top 10 percent. Instead of following the followers, the average performers in your business, follow the leaders. Compare yourself to the top people. Remember, no one is better than you, and no one is smarter than you. If someone is doing better than you, it just means that he or she has discovered the cause-and-effect relationships in selling success before you have.
British philosopher Bertrand Russell once said, “The very best proof that something can be done is that someone else has already done it.” This means that if someone else is earning five or ten times as much as you, this is evidence that you can earn the same amount if you simply learn how. Remember, everyone starts at the bottom and works his way up. If someone is doing better than you, find out how he got from the bottom to where he is today. Sometimes the very best way to find this out is to go and ask him. He will probably tell you. Top people are usually willing to help other people who want to succeed. (Inspired from ‘The Psychology of Selling’ by Brian Tracy).
The Wealth Code: Volume 1 is a personal development and financial education book written by Vinod Singh. It is designed to empower readers by teaching them principles of wealth creation, financial freedom, and personal growth. The book offers practical strategies to achieve financial success, with a vision to uplift and transform the lives of millions by promoting financial literacy and entrepreneurial thinking. Singh’s approach is rooted in inspiring individuals to take control of their financial destinies while cultivating a mindset focused on long-term success and abundance.
