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You are here: Home > Business > Sales > 5 Reasons Salespeople Earn 10 Times More Money (And You Can, Too!) |
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Casual Articles - 5 Reasons Salespeople Earn 10 Times More Money (And You Can, Too!)
The Lucky Investor milar educations, experience, and the like.Have you ever known someone who seemed to, just be lucky in life? They seem to have it all and things just seem to come to them with no real effort on their part. Life appears easy for them and we wish we could have their luck. The good news is you can - everyone can.I'll never forget the definition of luck I heard many years ago. A friend of mine said "Luck happens when prepar (5) The contribution of salespeople is denominated and carefully measured in dollars. Customer service people may actually face as much rejection and withstand equivalent stress, but currently, they earn a fraction of what sellers earn. (This may change soon: See my article, “Introducing Merit-Pay Into Customer Service.”) I transitioned from college teaching into ful Productivity: The Greatest TV Story Ever Told When I was a new college professor I had a colleague who had earned her Ph.D. from a prestigious institution, had published widely, presented numerous scholarly papers at conventions, and was dynamic in the classroom, and well liked.The gains we get from increased productivity come to us in two main ways: higher wages, or less expensive products. Let's take a look at one product that costs less and delivers more value because of higher productivity:When I grew up in the 1950s, everyone in the neighborhood took notice when a new television set arrived. The cost of a set represented a big portion of a family's i She drove a used import, with a ton of miles on it, and her clothing, while attractive, wasn’t fresh off the runway. Her husband drove a new luxury car, trading it in every year or two, looked dapper and distinguished in his expensive, designer suits, and earned about ten times as much as his bride. By the way, he only held one degree, a B.A., to her three. But of course, all of this made sense: he was a salesman. Salespeople, generally speaking, earn more money than your average bear, or professor. In fact, the upper echelons of selling have members who outpace attorneys and give medical doctors a run for their money, especially in our era of managed care. Why do salespeople earn more money, and how can you, too? There are five key reasons: (1) Salespeople work in an atmosphere of uncertainty. From pay period to pay period, their earnings can and usually do, fluctuate. A professor’s wages are set in stone, by the quarter, semester, or year. Therefore, salespeople accrue an uncertainty premium. (2) Salespeople deal with greater interpersonal unpleasantness, i.e. with rejection. Because their ego armor is stronger, they’re paid a battle premium. (3) Salespeople expect to be paid more, and they insist on it. It’s very hard to find one who will work his heart out for average or sub-par pay. (4) There is a long, societal history of rewarding salespeople at a higher level than others with similar educations, experience, and the like. (5) The contribution of salespeople is denominated and carefully measured in dollars. Customer service people may actually face as much rejection and withstand equivalent stress, but currently, they earn a fraction of what sellers earn. (This may change soon: See my article, “Introducing Merit-Pay Into Customer Service.”) I transitioned from college teaching into full Tips for Easy Local Job Searches r two, looked dapper and distinguished in his expensive, designer suits, and earned about ten times as much as his bride. By the way, he only held one degree, a B.A., to her three.Find the bets job for you in your local area. It can be really convenient for you to land your preferred position just 10 to 15 minutes drive away from your home. Even more job searches in the internet become more international and national because of the fact that the society today is more mobile and transportation is readily available and fast to many commuters.But even with the But of course, all of this made sense: he was a salesman. Salespeople, generally speaking, earn more money than your average bear, or professor. In fact, the upper echelons of selling have members who outpace attorneys and give medical doctors a run for their money, especially in our era of managed care. Why do salespeople earn more money, and how can you, too? There are five key reasons: (1) Salespeople work in an atmosphere of uncertainty. From pay period to pay period, their earnings can and usually do, fluctuate. A professor’s wages are set in stone, by the quarter, semester, or year. Therefore, salespeople accrue an uncertainty premium. (2) Salespeople deal with greater interpersonal unpleasantness, i.e. with rejection. Because their ego armor is stronger, they’re paid a battle premium. (3) Salespeople expect to be paid more, and they insist on it. It’s very hard to find one who will work his heart out for average or sub-par pay. (4) There is a long, societal history of rewarding salespeople at a higher level than others with similar educations, experience, and the like. (5) The contribution of salespeople is denominated and carefully measured in dollars. Customer service people may actually face as much rejection and withstand equivalent stress, but currently, they earn a fraction of what sellers earn. (This may change soon: See my article, “Introducing Merit-Pay Into Customer Service.”) I transitioned from college teaching into ful Rely on Internet Local Search to Bolster Your Yellow Page Directory Category al doctors a run for their money, especially in our era of managed care.The Internet can promote your services in unlimited relevant areas that buyers are looking forEven when they both have a website, a service business (like window blinds) has to use the Internet differently than an online business does. For example, a chiropractor needs to provide different information a trucking firm, to supply what customers search for. While they both can benefit Why do salespeople earn more money, and how can you, too? There are five key reasons: (1) Salespeople work in an atmosphere of uncertainty. From pay period to pay period, their earnings can and usually do, fluctuate. A professor’s wages are set in stone, by the quarter, semester, or year. Therefore, salespeople accrue an uncertainty premium. (2) Salespeople deal with greater interpersonal unpleasantness, i.e. with rejection. Because their ego armor is stronger, they’re paid a battle premium. (3) Salespeople expect to be paid more, and they insist on it. It’s very hard to find one who will work his heart out for average or sub-par pay. (4) There is a long, societal history of rewarding salespeople at a higher level than others with similar educations, experience, and the like. (5) The contribution of salespeople is denominated and carefully measured in dollars. Customer service people may actually face as much rejection and withstand equivalent stress, but currently, they earn a fraction of what sellers earn. (This may change soon: See my article, “Introducing Merit-Pay Into Customer Service.”) I transitioned from college teaching into ful How to Win the Hearts of Your Customers and Friends premium.Those of us doing business over the internet have to become especially adept at our listening and speaking skills since we don't have the luxury of talking with our customers face to face. It's especially important to give those on the phone extra attention - listening to their voice, because that is the only thing you have to go on, to sense their emotion. You can't observe their body la (2) Salespeople deal with greater interpersonal unpleasantness, i.e. with rejection. Because their ego armor is stronger, they’re paid a battle premium. (3) Salespeople expect to be paid more, and they insist on it. It’s very hard to find one who will work his heart out for average or sub-par pay. (4) There is a long, societal history of rewarding salespeople at a higher level than others with similar educations, experience, and the like. (5) The contribution of salespeople is denominated and carefully measured in dollars. Customer service people may actually face as much rejection and withstand equivalent stress, but currently, they earn a fraction of what sellers earn. (This may change soon: See my article, “Introducing Merit-Pay Into Customer Service.”) I transitioned from college teaching into ful Linking Performance to Company Values milar educations, experience, and the like.Intel corporate values include risk taking, discipline, and results orientation. These are exactly the values one would expect of a company whose primary strategy is one of product leadership. Without these specific company values the product leadership strategy would surely fail. In firms where the values and the strategy are tested daily it requires management oversight to ensure that t (5) The contribution of salespeople is denominated and carefully measured in dollars. Customer service people may actually face as much rejection and withstand equivalent stress, but currently, they earn a fraction of what sellers earn. (This may change soon: See my article, “Introducing Merit-Pay Into Customer Service.”) I transitioned from college teaching into full-time consulting, and my earnings soared. Of course, I had to sell my services, but in effect, I still trained people for a living—I stayed in the knowledge business, if you will. And my earnings jumped by ten times, within 18 months. How did I do it? I decided I was worth more, and would no longer settle for less. I abandoned the doomed-to-near-poverty label, “teacher.” I welcomed the uncertainty associated with having no imposed ceiling on my earnings. I became an independent businessperson, with all of the expectations they have for earning profits. I’ve always made a point of translating my results on behalf of clients into dollars saved and earned, into profits. Therefore I have been paid from profits, from results. Anybody can do these things. You might say salespeople are lucky, inasmuch as they have inherited this legacy. Or, maybe they’re just a little smarter than the credit they commonly receive. Dr. Gary S. Goodman © 2005
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