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Top 3 scariest things about sales

By October 28, 2014June 11th, 2024No Comments

What’s your greatest fear? Although salespeople are unlikely to hear this question asked during an interview, there are plenty of reasons to ask this from a sales performance management standpoint. With any job, there are fears surrounding the position, from fear of not being successful to concerns about speaking in public. Although workers may not voice what may be frightening to them on the job, managers should try to determine whether these fears are holding employees back from their highest potential and productivity levels.

Here are three of the scariest things about sales:

1. Coldcalling
While sales staff are usually great people persons, even the most seasoned sales representatives dread coldcalling. The prospect of calling a total stranger is enough to make workers hesitant to pick up the phone. However, coaching workers through the coldcalling process is a crucial role for managers. To help make salespeople more comfortable about calling leads, managers could reinforce the steps to calling and have them evaluate their performance over the phone.

2. Rejection
In the same vein as coldcalling, many sales workers tend to avoid situations that may result in rejection. Author Kerry Johnson, who specializes in coaching in the financial planning and insurance industries, said some salespeople may have trouble with calls because they have a certain call aversion. For example, Johnson said that some sales reps may have the fear of intrusion, which means that they will do anything to avoid seeming pushy to customers, and this could stem from fear of rejection. Coaching workers to understand that rejection is part of even the best sales rep’s day and getting them used to this process could also help employees get over this fear.

3. Criticism
Salespeople often have a great deal of confidence that is beneficial in talking to leads about their company’s products or services. However, these same sales staff may also be sensitive to criticism. This fear of having managers pick on their performance may cause them to not listen to comments that are meant to shape them into better workers.

Managers could help sales staff ease their guard by pointing out positive points of their work performance before giving them feedback about how they could improve their performance. Companies could also focus on rewarding their workers for their work by providing them with incentive compensation that also lets them know they are doing an outstanding job for the right reasons.

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Ballast Point Ventures

Ballast Point Ventures is a later-stage venture capital fund established to provide expansion capital for rapidly growing, privately owned companies in diverse industries, with a particular emphasis on companies located in Florida, the Southeast, and Texas. The BPV partners have more than 70 years of combined experience investing in and building high-growth companies in a number of industries, including healthcare, business services, communications, technology, financial services, and consumer goods. BPV has $200 million under management and seeks to make equity investments ranging from $3 million to $10 million.

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Harbert Management Corporation

Harbert Management Corporation seeks to generate superior returns for their investors by identifying and investing in the most promising early growth stage companies in the Southeastern U.S. HMC seeks to capitalize on what it believes are compelling regional dynamics, such as a strong and fast-growing economy, significant research and development activities, and an established entrepreneurial community. The HMC team combines substantial investment, advisory, and operating experience with capital and networking contacts to support great entrepreneurial teams in successfully executing their growth plans. With offices in Birmingham, Alabama; Richmond, Virginia; and Gainesville, Florida, it’s well positioned to partner with entrepreneurs throughout the Southeast.

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KBH Ventures

KBH Ventures was an early investor in Iconixx Software. KBH's investment philosophy plays a significant role in the firm's successful track record. KBH believes in running businesses to be cashflow positive and profitable every month. Startups and companies in a startup mode, such as one that has been purchased in distress, are expected to generate revenue within the first six months and reach profitability within the first 12 to 18 months. KBH also only invests in or acquires companies that are in the startup phase or have less than $20 million in revenues. KBH targets technology companies that offer business-to-business services.

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S3 Ventures

S3 Ventures is an early expansion and growth stage venture firm with $200 million under management. It’s focused on information technology solutions that solve large business problems. S3 also invests in medical devices that improve the human condition. S3 invests in category-defining opportunities. It partners with the team and help focus methodically on what it takes to build a successful company. S3 today helps talented entrepreneurs take their technology and market knowledge and form valuable businesses in a repeatable fashion. Investment sizes start at several million or more for Series A, B, and C financing.