The “Right Way” Entrepreneur

I have written before about the sales mindset. But I would like to expand on this subject with some additional thoughts. Entrepreneurs are always selling whether it is raising money, peddling a product, or convincing a new team member to come on board. We have all heard the adage, “he could sell ice to an Eskimo.” This conjures up an image of a slick, fast-talking huckster who cons his “marks” into purchasing something they really do not need. Obviously, this is the antithesis of how we want to be perceived as entrepreneurs.

I am trying to expunge the terminology of “selling” from my vocabulary. Why? In my opinion the traditional notion of selling is product-based. In other words, I have a product and I am going to do everything I can to convince you to buy it. What goes unsaid here is, “I’m going to do everything I can to convince you to buy it whether you want it or not.” Maybe this is just my personal bias, but I have observed others over the years that act in similar fashion when they get into the sales mode. Instead of “selling to” I’ve moved into a “buying from” mindset. I submit the following:

  • When we sell something to someone else, we’re product-focused.
  • When we help someone buy something, we’re customer-focused.

The difference in these two approaches is night and day. When we help someone buy, the product takes a back seat. We are more interested in building a relationship and creating trust with someone else. We are more interested in understanding exactly what they need. Through this discovery process we may find that our product is not best suited for this individual. But that is OK because we are helping them buy what they need – not what we want them to have. You may be thinking, “This flies in the face of so many of the selling techniques that are time-tested and proven.” And you may be right. But I am willing to wager that an entrepreneur who genuinely wants to help people buy what they need is going to win far more often than a salesman who just wants to move product. When relationships take precedence, they can produce unanticipated results. I have experienced numerous instances where I determined that what we were helping a customer buy was not right for him or her. But it was clear that the relationship was more important than the sale. And ultimately, we received referrals from those customers that did result in someone else buying from us.

When we absolutely must make the sale, we are less likely to focus on the customer. We are desperate to close the deal. One of my colleagues told me about an encounter she had with an individual who had called her to set up an introductory meeting. From the outset he was selling. He made no effort to learn more about her and establish a rapport – much less build a relationship. He made no effort to understand what she needed to purchase. He simply launched into his pitch and barely took a breath. By the end she was worn out listening to him and told me how off-putting the whole encounter had been.

There are some very simple rules that we can follow to ensure that we avoid the “selling to” approach.

  1. Always start the process by asking questions of the customer. This will help to establish a rapport and to determine his or her needs.
  2. Eliminate the terms “sales” and “selling” from our vocabulary.
  3. Genuinely care about the customer and find a way to meet his/her needs even if it involves a product that is not our own.
  4. Make certain that it is clear to the customer that it is his/her best interest that we have at heart and not our own.
  5. Remember the only way to develop long-term satisfied customers is to help them buy what they need. And the endorsement of long-term satisfied customers is worth its weight in gold.

When we always focus on the customer, we win. Sometimes this requires us to look past an immediate transaction. But it will always pay big dividends in the end.

This blog is being written in tandem with my book, “An Entrepreneur’s Words to Live By,” available on Amazon.com in paperback and Kindle (My Book), as well as being available in all of the other major eBook formats.

8 thoughts on “The “Right Way” Entrepreneur

  1. Hi Lee, I agree! Thank you! Laura

    On Sun, Jul 12, 2020 at 4:02 PM An Entrepreneur’s Words to Live By wrote:

    > anentrepreneurswords posted: “I have written before about the sales > mindset. But I would like to expand on this subject with some additional > thoughts. Entrepreneurs are always selling whether it is raising money, > peddling a product, or convincing a new team member to come on board. We” >

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