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Archive for the ‘Training’ Category

Man am I glad that sales pitches are totally ineffective. By no means is this breaking news but I think that most people under-think what’s behind this.  Many an old school salesman will lament about how relationships used to matter and now it’s all about the convenience and the bottom line.

That seems like a BS excuse to me. Relationships matter more than ever- it’s just how you build them that has changed.  It used to be that business was conducted face to face and over the phone when necessary. Before, Don Draper-like looks and charisma was necessary to be heard, no more.

Information is virtually instant, thus the ability to fact-check and comparison shop means that thinly veiled sales pitches can be easily blown apart.  Now relationships are built on: ideas, integrity and transparency.

  • Familiarize yourself with your customer’s industry, organization, role and their needs. The best way to do this is to ask them.
  • Sell yourself, not your product: describe your products exactly as you would to a family member you’ve known for a long time.
  • Be straightforward about your expectations of them and acknowledge what your product doesn’t do

Inform your customer and let them make an informed decision. Push information and you push the customer away.

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My first post will be about trust. Not the most thrilling topic but a crucial element at a startup. I say this because in many ways trust is a very real assets at a start-up, it’s free and it can be used to create a very dynamic and productive work environment.

Admittedly, I’ve had my doubts about my role at the company and the company as a whole. Am I a valuable to the team? Do I fit in? What happens if the company doesn’t work out?

In the end there are only two questions that matter. And the answers are yes and yes. You are valuable to the team and you fit in great.

Resources at a startup are tight. You and the company are each other’s biggest investors— in this economy there is no shortage of talented, ambitious (and more experienced) help out there. Whenever doubts pop into your mind remind yourself that if the company is dedicating a portion of these coveted resources towards your salary, you are worth it or you wouldn’t be here. On the flip side, I am young, ambitious and underpaid. I give up short term income for invaluable training, a work environment that suits me perfectly and ultimately long term success. I believe in our co-founders, the business model and our product or I wouldn’t be here. With open and frank communication, ambition and focus a young entrepreneur in a startup can have as much job security as an OB/GYN or funeral director :)

Trust Fall

Trust Fall

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One of the key things we are doing as an organization right now is building a sales team. We are looking at 2009 as our breakout year with a goal of $1 million + in sales and a big part of hitting this goal is hiring talented sales people.  A few weeks ago I sat down and started mapping out our sales plan, writing job postings, scheduling interviews, and just thinking about the sales culture we want. I’m also writing our training, call scripts, and assigning markets.

I wanted to share my ideas this week. My biggest belief is that if any business can build an effective sales organization then they can build a great company. So here are my thoughts on building a great sales organization.

  1. Outline the vision and culture of your sales organization. The biggest key to building a great team is knowing what you want. Start by outlining the culture you want to create including personalities, attitudes, work ethic. Then write out the vision you are going after. Sales people like everyone else need a leader. People want to know their leader/manager knows where they are going. These two thing are your foundation. Everyone in your organization should understand these philosophies and if they don’t, they shouldn’t be a part of your organization.
  2. Write effective and transparent job approaches. The biggest thing everyone hates is not having their expectations met. If you are deceptive in your recruiting or you oversell the opportunity and a person’s understanding of the job is different than reality, you are setting your organization up for failure. This does not mean you need to have long job postings, but make sure the person applying knows what they will be doing. Key things to include: job description, experience desired, links to your websites, links to a client, general description of the product they would be selling. Your goal is to hire sales people who are excited about the opportunity and excited about the product or service they are selling. I’ve posted a job description I’ve used below.
  3. Prepare for your interviews both over the phone and in person. Interview preparation is not just the candidates job. The burden lies on you as a manager as well. Google good interview questions, read over a candidates resume in advance, and make sure you are focused when you call a candidate. Give them the same respect you want. Hiring the right people starts with the very first interaction you have with someone. A qualified candidate is basing their desire to work with your company on their impression of you as their leader as well as the company and product.
  4. Don’t oversell. The biggest mistake a manager can make is to oversell the job position. I have had jobs in the past where I was told I could make 6 figures in the first year. About 3 months in, I realized this was not the case and my motivation diminished and I left the company after 12 months. This is a waste of your time and bad for your organization. Balance this out by being very realistic about first year earnings and then painting a picture of what years 2-5 will be like. Remember people want to grow with an organization not jump ship after a year.
  5. Prepare your staff for the interview process. One of the keys to recruiting great people is letting them interact with current members of your staff. The caveat is teaching your staff how to interview. First, tell them to be transparent and honest. Teaching them to interview is not about being deceptive, but about making them professional. Explain to them your objectives, give them an interview outline, and give them a couple questions that are unique to them so they are not duplicating your questions.
  6. Create a standard interview process. A routine is helpful for interviewing and it also prepares a candidate for what to expect. Our process is a phone interview, in-person interview with myself, second interview with our staff and pat, and then a final decision. We ask for references after the first in person interview so we can check these at the same time a second interview is taking place speeding up the process.
  7. Educate and instill confidence during the interview process. The two things I remember wanting to know as a sales rep are: What will i be selling? and What training and support is provided? I knew that with great training and a great product I would make good money, so compensation was not my main concern. Educate during interviews by demoing your products and by giving candidates product sheets so they can visualize your product and get excited about selling it. Create confidence during interviews by explaining how you train and support your sales people.
  8. Remember that recruiting good people does not stop with day 1 of training. Great people stay with an organization because they are challenged and have purpose. Hold your staff to the expectations you laid out in the interview. Challenge your staff by creating a an expectation of a good work ethic and by teaching them new stuff so they have the drive to learn new things. Lead your staff and create purpose by sharing the organization’s vision, goals, and achievements.sales-team

These are the things that I have found effective in building effective sales organizations, recruiting great people, and creating high retention.

If you have some more tips and ideas, please share them in the comments or email them to me directly.

Sample Job Posting:

Subject: Inside sales positions with San Diego internet start-up, ArtisticHub.com

Collar Free is an internet company that brings together graphic designers all over the world to build design competitions for large brands. We built our own clothing line and community www.collarfree.com. We are now using our experience to do this for major brands and companies under the name Artistic Hub, www.artistichub.com.

Check out some articles about us on the press page on ArtisticHub.com and one of our founder’s blog: The Life of a Founder

Artistic Hub’s #1 goal is to build design competitions for large brands and on-demand storefronts for organizations. Here is an example of a storefront: Front Row Foundation. The storefront reduces promotional product expenses for organizations and creates a 15% revenue share giving them an additional revenue stream.

We are growing as fast as we can, but we are self-funded so we need some great sales reps willing to take a little bit of a risk and grow with us. As a result this position is commission only to start. The upside is we pay 70% of the first sale as a bonus and a 30% commission on-going. Also our sales cycle is around 4 weeks so the risk isn’t that great. It really depends on you!

Here’s what we’re looking for:

* A skilled, talented, and full of energy person
* Someone interested in working in a Web 2.0 company
* Someone who wants to be a vital part of a growing team
* Someone who wants to work with and help build a cool company

What we offer:

* Great products that are easy to sell
* A fun office in North Park San Diego with a cool team
* An environment where you will be a big contributor
* A position in a super-fast growing start-up

Interested? Email us with your qualifications, resume, and why you would want to work with us.

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As we move into building a sales team for Artistic Hub, we have been analytically looking at sales channels. We have been evaluating which markets we want to go after. Then we look at each market and see if we should diretly sell into that market or work through another channel. Charities for example we will approach directly, but to land large brands we plan on working through advertising agencies. Finally we asked ourselves what can we do to create leads and position ourselves as experts in a new market niche.

The question and idea that lead to the answer: “What if we ran social media workshops in the major US markets this next year training people how to use blogs, Linkedin, twitter, etc? This would position us as experts and also create referrals and direct leads.”

The idea didn’t just pop out of thin air. I was invited to speak at the Aim Institute by Dr. Gerald Wagner in conjunction with the University of Nebraska. The initial panel was about building multiple revenue streams with social media. The panel went so well that I was asked to come back and run a one day workshop March 27th.

speakingprofilepic2What I found interesting that sparked this idea were the questions after the panel.

No one asked “What’s next?” or “Where is social media going?”. They asked “How can i use Linkedin more effectively?” and “How do i start a blog?”

Afterward, I thought what if we ran paid workshops and trained business people and professionals around the US to use the simple but effective tools that are available. This is where the idea began.

A key point is we are calling them workshops not conferences. These are hands on events. We are not going to just talk about the tools but we are going to teach people to start accounts and use the tools on the spot. We found that most people just need help getting started and they will take it from there.

Our #1 goal is to give people the tools to build their business and career not ours. If we accomplish that, I know we will be successful as well.

We are launching our first workshop with the Aim Institute at the Gallup campus in Omaha, NE. We are then going to have a follow-up workshop in San Diego in late April and we are identifying other markets for late summer and the fall. Our goal is to run at least one workshop a month by the end of the year.

Our format is going to be: one-day, university auditorium with wireless access, hands on, in-class homework, students and business owners that want to leverage social media to build their business or career.We will be managing the event, but plan on having local social media experts run small portions of the workshop.

Here is the agenda we put together for March 27th.

Using Social Media and Web 2.0 Tools to Build Your Business and/or Career (bottom of the page)

9:00 – 9:15 Introductions

9:15 – 9:45 Opening Talk: Building Social Capital

10:00 – 12:00 Build a Foundation through Blogging

· Purpose

· Power of blogging

· How to setup a blog on WordPress.com

· Writing

· Management and tracking analytics

· Reading and feeding (Using RSS feeds)

· Commenting and growing your traffic

12:00 – 1:00 Lunch

12:20 – 12:50 Facebook Lunch (Optional breakout)

· Setting up a Facebook account

· Overview of pages and groups

· Using Facebook advertising

1:00 – 2:00 Linkedin

· The power of Linkedin

· Using groups

· Building your network

· Using it effectively

2:00 – 3:00 Ning

· Building a social network

3:00 – 3:15 Break

3:15 – 4:00 Twitter

· What is it good for?

· How to use it?

· Brand monitoring

· Good tools

4:00 – 4:30 Wrap-up: The path to expert

6:00 – ? Social and Networking Mixer at a local bar/restaurant

We get so wrapped up in what’s coming and what’s going to be the next big thing that we forget about the tools already built. I think the next big thing is going to be smart business people building revenue models by combining or evolving existing tools.

If you have ideas, want to be involved, or host a workshop please email me.

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Today I would like to share the best program we have found to launch your business and highly increase the probability of success, Connect’s Springboard program.

Here is their summary of what they do:

Springboard offers free guidance and development to life sciences, clean-tech, high tech and consumer product companies in all stages of development, ranging from concept, technology transfer to start-up, to companies that have reached a significant inflection point. Innovators are matched with Entrepreneurs in Residence (EIRs) with related domain expertise and experience in raising capital and/or growing companies.

More impressive though is this fact:

Of 105 companies that graduated the Springboard program in the last 3 years, 65% are still in business and they have raised $96 million in capital.

The program is designed for companies in 5-stages: Concept, Spinout, Product Development, Commercialization, or Inflection Point.

Here is how it worked for us:

Early May we applied

May 22nd we had an intake meeting with Ruprecht von Butlar, Director of Commerialization Programs, and our future EIR (mentor), Ken Liu. At the meeting we covered our concept, our goals, where we were at, our rough, early pro-forma, and our current ppt presentation. We were accepted into the program right after this meeting and Ken signed on to be our mentor. Ken has actively contributed to 5 IPO’s with a $1.3 Billion market value (Linkedin Profile). This was the first thing that really impressed us. Having this caliber of advisor that is volunteering to help us was amazing and is what makes this program so effective. You can search other EIRs here.

June – August was the intense and highly productive part of the program. Ken worked with us on re-hauling our financials from scratch, positioning our business model for success, developing our funding presentation, making us fundable, and preparing us for VC pitches. Also through the program we have extended our network into some of the most successful and influential business people in San Diego.

The key to making this program successful is to have specific tangible goals. The companies who don’t finish or are not accepted have vague or unspecific objectives. Our #1 goal was to make our company fundable and get funded.

August 19th - Final presentation Dry Run. The final part/graduation of the program once your goals are met is to have a presentation with local executives. Before that though, you have a dry-run/practice with a small group to get feedback and make sure the final presentation is compelling. This one meeting helped us realize the key aspects of our presentation that we were missing: stories, numbers, execution, valuation, etc.

September 26th – Final Presentation/Panel. The final step is to present to a panel of seasoned CEOs, executives, VCs, and angel investors. We spent hours honing and preparing for this presentation and received great reviews across the board that we wouldn’t have received otherwise and it was a tough crowd.

The panel included:

Tom Briggs – Jones Day law firm, Tim O’Brien – Stradling, Yocca, Martin Kleckner – Tech Coast Angels, Mark (Schmiddy) Schmid – Entrepreneurs Organization/CEO of Form Function, Andy Laats – President/Co-founder of Nixon, Owen Adams – Former Product Mgr from Brickfish, Norman Dowling – CEO of Got Access, Steven Cox – CEO/Founder of Takelessons.com, Matt Browne – CEO of Integral Impressions, Chris Kameir – CEO of Colizer.com, Chuck Longanecker – CEO of Digital Telepathy, Steve Gintowt – Competitor Group, Bill Lynch – Profinance.com, Roy DiBenerdini – CEO of IION Corp, Ingrid Sanders – Active Network, Julio Aragon – Wasserman Group, Mike Sick – Sick Consulting, Greg Kahn, Ken Liu.

So needless to say it was a tough group with decades of experience raising capital, running companies.

I recommend this program to any any every startup, entrepreneur, or early stage company in San Diego. Feel free to email me other questions or just apply online.

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Corporate Blogging

The goal of this blog is to not only tell our story, but hopefully to also share ideas with other company founders so we can support each others success.

At Collar Free we have started 4 company blogs and we hold a 30 min weekly discusssion for training and to learn from each other.

We have found a great way to build viral traffic, a strong community, and corporate transparency is to not only create a corporate blog but to have specific blogs written by our staff.

There are 2 keys to making this successful.

  1. Make sure your staff is writing about a topic they are interested in and that overlaps with their job duties. This will ensure the blog is authentic and attracts readership and they enjoy it. Plus, when your staff is surfing the web they are more often working than zoning out. Our designers write Design Fix, one of our staff writes about lifestyle and fashion topics on The Rack, and my business partner, Patrick Dillon, writes Branding is in the Details.
  2. Training is key. Anytime you want your staff to take on a new role make sure you provide them with the knowledge to be successful. Self-study is important but can be a distraction. Delegate jobs, not training! For blogging we have had 4 -trainings: Blogging 101, Blogging Etiquette, Managing your Blog, What to write? How to write?. The first topic outline is below and I’ll add the rest over the next few weeks. Some of the thoughts are my own, but most are from great sources like Marketing Profs and Guy Kawasaki.  

Here is the header from Branding is in the Details:

 

Blogging 101 Outline:

Topic: Blogging and Commenting 101

Date: 7/23/08

1)       Our goals

a.        # 1 Traffic = sales

b.       Social Capital

c.        Collar Free Brand

d.       Your Brand

 

2)       The key to good blogging is reading

a.        What is RSS?  Really Simple Syndication

b.       Setup 8 – 10 top blogs in your expertise within Outlook or Google Reader

c.        Use Technorati (Blog ranker)

d.       Del.icio.us – download in your browser to bookmark articles for later

e.       Set aside reading time

 

3)       Awareness is built through commenting and commenting back

a.        When you read good articles leave comments

b.       When someone comments on your post, comment back

 

4)       Key Terms

a.        Social Capital

b.       RSS – tracks your readers

c.        Blog roll – links to your favorite bloggers

d.       Tag Cloud – bunches of tags

e.       Vlog – Video blog

 

5)       3 Things to focus on in your blog

a.        Main Topic

b.       Secondary Topics

c.        Pictures or video

d.       Your personality

e.       Ex: Fashion Trends, Social Media, and My View

 

6)       Linking to other bloggers is the biggest compliment

a.        They see this in Google updates and then comment and read our blog

b.       If they like your content they will put you in their blog roll

c.        This builds your ranking and social capital

 

7)       Incentives

a.        20% of Ad revenue

 

8)       Your Theme

a.        Jimmy – Life of a First Time founder

b.       Michelle and Mel – Design Fix

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