Mike Anderson is the Top Strategic Account Manager at Terryberry out of Chicago, Illinois. Mike strives for excellence and aims to meet all of his customers’ needs. For Mike, sales is an adventure, one that should be joyous and fun. Today, Mike talks about his Continue Reading …

Lynn Powers is the Top Sales Director at Clari as well as a Board Member of Women in Revenue, a non-profit organization focused on current and future women leaders in technology sales and marketing. Lynn is a Continue Reading …

Sean McLean broke records as the Top Sales Development Representative at Semrush and was promoted into his current Account Executive role in less than half the time because of his performance. Sean is a Continue Reading …

I’m kind of cheating with this episode. Its purpose is to let you know that I’m taking a week off and that there won’t be a bonus episode this week, but in a roundabout way, it helps me keep my streaks alive as I haven’t missed a week on this show since we started consistently releasing bonus episodes between the interview episodes years ago.

If you haven’t already figured it out, I’m a HUGE believer in consistency as today we’ll also be releasing episode 1242 on the Daily Sales Tips podcast and I’ve never missed a day on that show. Now, I’m cheating a little bit over there too with a bit of a best-of series, but it’s important to take breaks. I’ve been in need of a massive refresh with tons going on professionally as always, but that’s been compounded by a lot going on on the personal side with a new home purchase and renovation and prepping for the sale of my previous home which is currently under contract.

For me, it’s about getting my head right and getting ready for a full out 4 month sprint that will culminate in the Sales Success Summit and SalesTechEX the second week of October. I also need to get super aggressive about refreshing my productivity process when I get back to pull all of this off. So that’s where we’re at. No real episode today, and I appreciate your understanding and continuing to come back week after week to this show. I’ll talk to you next week!

Misha Jessel-Kenyon was recently named the number one sales rep in the UK by Wiser. He’s also been SalesLoft’s number one Enterprise Account Executive for the last two years running. Specializing in B2B Sales, SaaS, Go-To-Market Strategies, Sales Tech, and more, Misha is an Continue Reading …

This bonus episode of the Sales Success Stories Podcast is brought to you thanks to the generous support of Revenue Grid, QuotaPath, and Outreach. To learn more about them and all of the sponsors who support this show and this community, just click over to top1.fm/sponsors.

For today’s bonus, I hand-picked 5 relatively recent tips from the Daily Sales Tips podcast that are particularly solid. I’m just gonna let these roles since they’re all pretty self-contained. Enjoy!

1109. No Nonsense Strategy to Build More Pipeline – Anthony Natoli
1228. The Best Invest – Meshell Baker
1102. Be Creative in Connecting with Customers and Win More – Irfan Jafar
1224. Teams Hack – Jack Wilson
1131. Winning with the Questions you Ask – Katie Jane Bailey

Brad Harmon is the top Strategic Account Director at Celonis, an organization that helps companies reveal and fix inefficiencies they can’t see, enabling them to perform at levels they never thought possible. Brad is a Continue Reading …

Be Specific About What You Want
A 9 Point Checklist for Sales Reps Looking at a New Role
How to Land Your Dream Tech Sales Job
Demystifying the 10K for Sales Professionals: Evan Kelsay

This episode is brought to you thanks to Outreach, QuotaPath, and Vidyard who all happen to have open sales roles. To learn more about them and all of our sponsors who support this podcast and this community, click over to top1.fm/sponsors

In today’s bonus episode on the Sales Success Stories podcast I want to talk about doing your due diligence on a new sales role. This is something that has come up over and over again in this community because the position you find yourself in, in terms of the company you’re selling for, the industry, and in large part who you’re working for can have a massively outsized impact on your success in sales, and I’ve threatened for way too long to create some type of resource to help with these decisions. Well, here’s your resources thanks to a thread in the Sales Success Community Slack that Luke started, with some significant contributions from Eddie Baez and David Weiss.

Before we get into the due diligence on the company you’re considering going to work for. I’d highly recommend you do some due diligence on yourself. I even wrote a story about this for the first Sales Success Stories book and shared that audio from that piece a few years ago. If you’ll go to top1.fm/dd for due diligence I’ll include links to all of the resources like that that come up.

The title of that piece was “Be Specific About What You Want.” The idea is that you really need to give careful consideration to what’s going to be the right fit for you. One of the most important considerations is who you’re selling to and what you’re selling. You’re going to spend a lot of time interacting with your buyers. They should probably be people you enjoy spending time with. For me that’s sales and marketing professionals because they tend to be more optimistic and forward-looking, which is important to me because I’ve also sold to HR, Finance, and IT types who tend to be the opposite. They’re typically way more pessimistic and risk-averse. You should also consider what size of organization is right for you. Will you benefit from great training, a well-known brand, and a lot of resources that a large organization offers, recognizing that there will likely be some additional bureaucracy and internal complexity that comes with that, or will you thrive working for a small company where you can be more nimble and creative, but where you’ll probably need to figure out a lot of things on your own and will need to wear some additional hats?

Finally, you’ll want to make sure that you’re targeting the right role and give careful consideration to the price point that you’ll be selling at. Jason Lemkin of SaaStr who I don’t always agree with, wrote a pretty good piece about 9 reasons good salespeople fail, and he makes a really good point about watching great sales reps thrive at a 20K price point who can’t make it selling something that’s 2K and vice versa. Again, I’ve got that link for you at top1.fm/dd

Alright, so now you’ve found a company that you’re interested in going to work for who you think will be a good fit for you. This is where the real due diligence begins because you’re about to commit 100% of your professional effort to this company, and you want to make sure that you get a good return.

I’d recommend you start with the solution. Do you believe in what they sell? If you don’t believe in the product, it’s nearly impossible to find success. In many ways, sales is simply a transference of belief. So take a look at their offering. Look at their customers. Ideally, you have somebody in your network who uses the solution who can share their honest opinion. Now if you don’t already know somebody, you can always reach out cold to a reference the have on their website. This is also an incredible way to set yourself apart in the hiring process. If you want to dig really deep into that idea, listen to the conversation I had with Jacob Gebrewold on How to Land Your Dream Tech Sales Job. The other thing you can do is to reach out to another sales professional in that industry to get their perspective. This just happened recently in the community as well. Sometimes something sounds really good from the outside, but you might learn from somebody that’s in the middle of it that while this solution sounds like a good idea on paper, most companies aren’t investing in this type of solution and it’s a really hard sales. Definitely something you want to know BEFORE you take the leap.

Solid product. Great. Now, what about the company itself? I would dig into culture and financials in that order. Culture is absolutely critical and this is kind of a personal hack and shortcut, but you can learn a lot just by looking at the CEO. What is their background? Do they come from a sales background or did they build their career in product or finance? Personally, that’s more or less my order of preference. A top leader who’s spent some time selling often sets up a really great culture because they understand sales. Anybody that comes from a customer-centric place like product, marketing, or customer service can institute a strong culture based on the customer as well. It’s not a red flag necessarily, but you might want to be just a bit more wary if the most senior leader in the organization comes from a purely financial or engineering type background.

You can also get some really good clues about culture just by reading reviews about the company. Glassdoor, PayScale, and RepVue can all offer some interesting insights. But the most important thing you can do is to talk to people. You should work to have a conversation with at least one member of every team you’ll be interacting with on a regular basis. Obviously, you’ll want to talk to others on your immediate team to get their perspective, but talk to a solution consultant or sales engineer, talk to somebody in marketing, talk to somebody in customer service, and somebody in product. This will give you a broad-based view of the company and its challenges beyond just a myopic sales view.

As you’re talking to some of those sales peers, this is probably a good time to learn a little bit about comp. Validate how many people are at or above quota. Are targets reasonable, or are you being sold a dream based on “faux T E,” shoutout to Elaine for making me aware of this one. OTE is an acronym for On Target Earnings. It’s the amount of total compensation between base and commission you should expect to receive at 100% of plan. Unfortunately, there are a lot of organizations where very few people actually see that kind of W-2 and thus, Faux TE. You should also ask about turnover. I’ve found this to be one of the best indicators of organizational health. If there’s a lot of turnover, be very very careful. It’s almost always a very bad sign.

On the financial side, for the larger public companies, this is a lot easier and Eddie Baez recommends looking at their earnings calls and financials. Their shareholder memos and messages from senior leadership with provide useful background on the operating environment and the firm’s corporate objectives.

For an incredible resource on how to make the best use of public company documents like this. Check out Evan Kelsay’s highly entertaining Sales Success Summit presentation on Demystifying the 10K for Sales Professionals. Again top1.fm/dd.

If the company you’re considering isn’t public, you can look at Crunchbase to find out details about their fundraising activities, and this is just an areas that you’ll need to lean into and ask some more explicit questions about.

The last piece is critically important, and that’s the due diligence you need to do around your potential new manager. This relationship can make or break everything. Make sure you understand their style and their approach, but here you really need to get outside of what they tell you and validate. Certainly, talk to other people on the team about their perspective, but the most powerful thing you can do is use LinkedIn to find reps that have worked with them in the past. You can ask all the same questions about their style and what it’s like to work for them, but the most telling thing of all is probably in their answer to your question about whether or not they would work for this person again and why. Remember it’s super important to get outside of the organization for these detail. Find one or two people who don’t care whether or not you end up going to work for this company to find the truth.

All of that sounds like a lot, doesn’t it? Because it is, but every career decision you make is critical to your overall personal trajectory. Going in the wrong direction even for a year or a year and a half can have a major impact long term, while the same is true if you make a great decision and work for an incredible company under super-strong leaders. Trust your gut! If something doesn’t feel right, there’s probably a reason for that. Don’t chase the dollars and the title. They’re important considerations for sure, but in almost every case I’ve ever seen that they’ve been the primary driver, the person who accepted the promise of the big dollars and the big title has regretted it. Too often they just don’t materialize. So be a little bit skeptical. You might even build a scorecard to help you be a little bit more objective in a very emotional decision.

Finally, you can’t talk to too many people. There’s literally no such thing as too many conversations. Talk to people in and around the organization, but lean on your network and your mentors. Join the Sales Success Community Slack and lean in there. To do that, you just need to hold some $SALES coins and your link today is SalesCoin.co/dd. Now if you haven’t created an account yet, go to SalesCoin.co/start and then share your username and wallet ID at salescoin.co/form so I can send you your first $10 worth.

I’m sure we’ll be continuing the conversation on Slack, and you can also ask even more specific questions. It’s a pretty incredible collection of humans. Many of whom you’ve heard here on this podcast.

Good luck in your search and may your next sales role, or the decision to stay where you are, put you on the path to greatness. Thanks for listening!

Daniel McDevitt is the top Account Executive at Tompkins Insurance out of Pennsylvania. Dan is a highly knowledgeable and skilled sales professional who always prioritizes his clients and their needs. Dan is Continue Reading …

David Weiss is a top performer and expert in sales strategy, sales operations, training, and the ways companies brand themselves to attract a target audience. In this very special bonus episode, Scott welcomes David to engage in a conversation on today’s topic, Investing and Side Hustling for Sales Professionals.

David and Scott touch on subjects such as dollar-cost averaging, cryptocurrency, REITS, owning your own residence, and much more. David shares his thoughts on side hustles and why he believes that most sales professionals jump into their side hustles too quickly and at the expense of their everyday hustles. Finally, David speaks to his ability to build networks and foster relationships and why those two things have been critical to his success.

What We Covered:

00:01 – Scott takes a moment to thanks today’s sponsor, the brand new Sales Community Coin:  $SALES
00:25 – Scott takes a moment to welcome today’s guest, David Weiss, who joins the show to discuss Investing & Side Hustling for Sales Professionals
02:31 – David’s thought process behind money management
06:17 – Living to your base salary instead of your commissions
10:42 – Retirement, real estate, and other investments David allocates his extra income to
14:54 – Fear and greed and why dollar cost averaging is crucial
19:50 – Scott and David discuss their own thoughts on investment strategies
27:29 – Owning your own real estate
35:31 – Scott and David provide their thoughts on the right way to go about side hustles
44:38 – David speaks to his own side hustle and the results he’s been able to achieve
47:09 – Posting content and growing an audience using LinkedIn
52:37 – More sage advice on side hustles
56:16 – Building networks and fostering connections
58:15 – Scott takes a moment to promote David’s MEDDPIC course and how owning $SALES Coin can help you gain access at a discounted rate
1:00:58 – Scott thanks David for joining the show to engage in this conversation

Tweetables:

“My philosophy which I live by is, ‘Live to your base. Your commissions are for investments. And I’m going to invest, after taxes, pretty much all of my commissions.’” (05:06)

“The thought that I’ve often had is that same idea that when other people are being super greedy and the market is at the top, that’s when you should be selling and finding other things. And when people are super scared and the market is going down, that’s when you buy what I like to think is assets on sale. Think of it like Black Friday and you’re trying to buy your electronics at half price.” (18:39)

“I’m a big believer that before you spin up a side hustle, you need to get really good at your hustle.” (36:24) 

“So much in life is just being smart with time management and saying, ‘Where am I getting the most value? Where am I making the most money? Where am I having the biggest impact? Let me allocate those things accordingly to get the best possible outcome.’” (52:18) 

“My ethos, what I wake up for every single day, one of my core ‘Whys’ is I have a desire to help the sales community be its best self and help sellers reach their potential.” (56:36) 

Links Mentioned:

$Sales Coin Intro
[email protected]
2022 Sales Success Summit
ALL Enterprise Sales Episodes
ALL SDR Episodes
David Weiss on LinkedIn
MEDDPICC Master Class
Secular Bear Markets
Fear & Greed in the Market
Article on Cryptocurrency
Teachable

Sponsors Mentioned:

$SALES Community Coin