There are two kinds of people in this world.
Those who believe you can categorize people into two groups, and those who don't.
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How often have you heard some windbag chirp the expression "in sales, there are hunters and farmers".
Hunters
A "Hunter" is a salesperson who works for a company with:
- no leads
- no marketing
- no account base
- no hope
yet still manages to sell something
Farmers
A "Farmer" sits in an office and takes orders all day, due to the marvelous customer base somebody else has built. Kind of like the Bernie Sanders Drinking Game of Sales (see below).
Every Solution Provider wants more Hunters and complains that their sales team is filled with order-taking Farmers.
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The Bernie Sanders Drinking Game:
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Every time Bernie promises a new free entitlement, you get to drink somebody else's beer"
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Beaters
Enlightened Solution Providers are now hiring a third category of salesperson, the Beater. Also known as the "Business Development Rep" or "Sales Development Rep", these poor bastards pound the phones all day in order to generate leads for the Hunters.
Where the Money Is
Interestingly, the highest paid, best selling salespeople in the IT Industry aren't Hunters, or Farmers, or Beaters. They don't make the most calls and they don't have the most accounts.
Economic Alchemy
The IT Industry is filled with professionals who earn huge amounts of money, in some cases $1 Million or
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Earning some serious Tubmans |
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more in income a year. What do they do that the typical salespeople don't? Yes, they have large accounts that buy a lot, but what is the real differentiator?
These salespeople are assertive, compelling, and knowledgeable, and are able to leverage these attributes to motivate customers to make game-changing technology decisions. It's economic alchemy, the equivalent of turning lead into gold.
Land & Expand
In nearly every case I've seen, the Million-Dollar-Income salesperson has started with a modest sized sale (
Land the Account), and over time, developed a strong consultative relationship. When they recognize a market inflection, a new technology, or a game-changing opportunity, they bring the idea to a strategic-thinking person who can make something happen
(Expand the Account).
For an example of how this can work, look at the Trans4mers Webinar later this month, featuring Special Guest Jeff Neil. Jeff has worked with a large, multi-national account for many years, starting small and growing his sales and influence over time. This year, this account made a strategic pivot and will be completely replacing over 10,000 endpoints all over the world.
Expanders
Jeff is a great example of an "Expander", a consultative salesperson who can start with a modest sized account and expand it into something completely different, and do so in a strategic way. Being successful in this space requires a strong customer relationship, an understanding of desired business outcomes, and connections with the senior levels of an organization. Sorry, Sparky, Expanders need to deal with strategic thinkers.
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"Sorry, Sparky can't make that kind of decision"
In the IT Sales World, Beaters originate the lead, Hunters sell it, and Farmers nurture it. All well and good, but it takes an Expander to transform the opportunity and create a game-changing solution.
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WEBINARS
Sales & Marketing
Webcast
"The Seven Best Ways to Win New Accounts - Part II"
"The Art of the 10,000+
Endpoint Sale"
Featuring Special Guest
Jeff Neil
Thursday, May 26
12:00 Noon
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UPCOMING EVENTS
Cisco Partners
"Sales Success 3.0"
Richmond
May 12
Wynit Distribution
Sales Management
Transformation
Greenville, SC
May 24-25
ShoreTel Partners
Business Transformation Workshop
Toronto
May 31-June 1
Black Box Networks
Sales Transformation Workshop
Chicago
June 8-10
Trans4mers
Peer Group Meeting
Revenue Growth
Sales & Marketing
Washington DC
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Here is your chance to see if you are as smart as you think you are.
Think of a difficult or impossible Sales Management problem. Enter it into the question box below.
Mike will provide deep insight into your dilema, based on his 25 years of Sales Management experience. Or not. It depends on how silly the question is. E-Mail Mike at:
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If you've made it this far, thanks for reading. If you are just looking for the "unsubscribe" option, it's below.
"Carpe Dinero" = Seize the Money.
Sincerely,
Mike Schmidtmann
(703) 408-9103
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Feel free to SWIPE* any ideas you find useful, and "pay it forward!
*Steal With Integrity, Purpose and Enthusiasm"
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