3 Simple Rules for Selling in the New Economy : Under30CEO 3 Simple Rules for Selling in the New Economy : Under30CEO
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3 Simple Rules for Selling in the New Economy

| August 3, 2010 | 11 Comments

sellingEvery entrepreneur knows that the key to a thriving business is sales. Without it, cash flow dries up, checks turn to rubber, and heads roll. With it, few things are impossible. The challenge for most entrepreneurs is understanding how to sell what they offer. Throughout the years, the sales gurus of our parents’ generation have offered their conventional wisdom about “building rapport” and “explaining the features”. In the new economy, this advice just doesn’t cut it anymore.

The new wave of Generation X and Y buyers wants more. As far as we’re concerned, the earth revolves around us – we want everything in our own size, color, design, and layout complete with our photos, our favorite team, and our iPod picks playing in the background. With this “First me, then me” mentality, the science of selling has changed.

Check out these 3 simple rules for selling in the new economy:

Rule #1: It’s not about you –  it’s always about them.

How narcissistic we Gen Y entrepreneurs can be at times! We get our degrees and have the epiphany that we’re more focused and awesome than most other 20 somethings. We start our businesses and offer our glorious services, but when sales lag, we’re confused. How could anyone not want what we have? It’s not about you. It’s all about your clients. Your average prospect sees 3,000 advertisements and sales messages each day – that’s more than 20,000 a week! If you’re not focused on your client – what they need, what they want, what their buying triggers are – you’ll find yourself lost in a sea of commercials, tweets, posts, blogs, and banners. You must communicate with a client-centric attitude. What does your client need? What do they really want right now? What are their thoughts about you and your competitors? Learning to see everything through the eyes of your current and future clients will put you head and shoulders above the competition and help you stay relevant, even in a tough economy.

Rule #2: No one really cares what you do.

Seriously. I know you think that the fact that your product has more than five settings or the fact that you can customize a welcome page for Facebook is something special, but no one cares. Your clients are not concerned about what you do – they want to know why you do it and what results you create. The outcomes you create are the true measure of value in the new economy so translate what you do into how you help. When people understand your passion and see the purpose and value in what you offer, selling becomes effortless. The conversion process will go from being painful and awkward to being simple and fun. If you’re great at what you do, you have to translate that to language that your prospects understand. After all, people buy outcomes, not actions.

Rule #3: Serve, don’t sell.

If selling feels yucky, slimy, or any other elementary school word for unpleasant, then you’re probably doing it wrong. Sales can be exhilarating and the process of selling can offer tremendous insight into the direction your business should be going. When you shift your paradigm around selling from trying to get to trying to give, you’re freed up to sell from a space of helping your client solve a problem rather than getting enough money to pay your assistant. You started your business for good reason, and the more you focus on impacting more people in a meaningful way with what you offer, the easier the sales conversations become. Be a consultant instead of a salesperson. Educate your prospects, and they’ll love you and stay with you.

Selling, according to personal development pioneer Earl Nightingale, is the highest paid profession in the world. And since we’re all selling something in some form, mastering the art and science of sales can catapult you and your business to new heights of success. Abide by the rules and savor the success.

Lisa Nicole Bell is a serial entrepreneur who empowers ordinary people all over the world to live extraordinary lives. Her multimedia conglomerate, Inspired Life Media Group, uses entertainment, personal development, and new media to create lifestyle solutions for the masses. Learn more about Lisa and her quest for world domination at www.lisanicolebell.com

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Category: Finding Customers, Startup Advice

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  • Mr Responsible_rd

    Great article i whole heartedly believe in nitch marketing! The third point you hit on is so key. Sales is the key to achieving success. Whether it be selling your ideas to a vc/potnetial partners, selling a product, sevice, or good. The more intrinsic (or percieved) value you give to you customer the more they will gravitate to you and your business. Which in turn builds trust and leads to loyalty. All of which anyone who sells really wants! (even if the product/service/good is not that great) So know your demographic, build trust, and sell sell sell!! *Remember this universal law* “Give and you shall recieve” Trust me it works, try it!!

  • http://www.statelyword.com Michael Terry

    I think the post is spot on. In my business, I'd like to think people care about my talents and abilities as a web developer, but they don't. They care about the end product and whether or not it helps generates a profit…for them! However, my gratification comes from knowing I am using a refreshed and intuitive way of developing an end product rather than sticking to the typical.

    #3. And most sales people are transparent and I have yet to understand why they don't see it themselves.

  • http://www.whoisgiuseppeorlando.com Giuseppe Orlando

    Yes, This post is great. So many people focus on what they want in business instead of the clients needs, thus losing sight of why they went into business. Great piece!

  • http://Under30CEO.com Jared O'Toole

    Its so true. Its all about the end product for everyone. They are paying so their business will be better at the end of the day and really dont care what else you have to offer.

    Its just the truth of the business world!

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  • http://www.ryanhanley.com/about Ryan Hanley

    There are so many reasons that these three rules couldn't be anymore on point. I am an Insurance Salesman for Mid-sized independent agency in Albany, NY. I'm selling everyday to every type of person imaginable. From CEO's to Middle Managers to Individuals these are the rules that get you the sale… It's never about you… Add-Value… Kill Them with customer service…

    Great stuff

    Ryan H., http://www.RyanHanley.com

  • Ruthchris_redlobster

    Its always been and always will be customer service, If you are not a happy person, I promise you they wont be either, I own scents4youteam.com We make, sell the finest body oils, burning oils, around Yea i could add stuff to the product but why, I want the customer to get the (FULL) effect of my product, I have never understood why people will apply perfume to there body knowing it will dry out there skin, Pure product is the only way to go, and the best part It's a whole lot inexspenive than the store, and it last all….day ..thanks for allowing me to comment today, I pray all is well in your world..

  • http://www.lizzyshawpr.com Lizzy

    This is such a great article, particularly the first point. Potential customers/clients are bombarded with so many messages that the only way to break through is by offering fabulous products or services that fill their wants or needs. Listen to what they want – you have to know your audience; no matter what your business or service may be.

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  • Ali Anani

    A lovely presentation that I devoted one slide to refer to in my new presentation that I published yesterday on slideshare.
    Here is the link
    http://www.slideshare.net/hudali15/the-three-simple-rules-everywhere