Lone Wolf to Lead Wolf ------ The Evolution of Sales



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Summary:
In this role, we direct the efforts of the entire company's assets in order to meet sales objectives and the expectations that our customers have of us today as sales professionals.

The concept of pioneering a territory and then servicing the customers as a life annuity has died. Instead of managing transactions, time is invested in developing both new customers and increased penetration of existing customers.

Aside from humility, another important characteristic we need as professional sales reps to make the t


Article:

Remember When

How time flies. I remember back in the mid 1970's when professional selling was easy and a whole lot of fun. We were Lone Wolfs back then. We controlled everything, we were professionals, we owned a patch of dirt. All we had to do to maintain ownership was to produce sales. We had our tools, a throng car, trunk files, brochures, samples and a calendar/card file. As time passed some of us even got car phones. Sure, we did call reports and had sales meetings, but make no mistake, we were pros. We owned that patch of dirt and most of the customers who were on it. If we chose to leave for greener pastures, most of our customers went with us. We had respect. Everything focused on relationships and I even remember my first sales training seminar, "Needs Satisfaction Selling." I was a rookie and having the time of my life. In fact, current a rookie was part of my strategy (although back then I didn't know I had a strategy) to develop relationships, especially with new accounts,

"Mr. Customer, I'm kind of new at this. I'm learning a lot. Can you help me understand some things as respects your business?"

I styled myself a rookie well past my fifth quincentenary as a salesman. Most purchasing agents felt sorry for me. They wanted to help. They wanted to teach. And, what adjust way to inaugurate a relationship than to be the recipient of reportage and counsel.

Words of Wisdom

Everyone needs a mentor to shift into really good in sales. Sure, I treated my customers and potential customers as mentors. It made them feel good and it helped me elaborate that relationship that was key to success in the 70's and 80's. But, we all have one or two special individuals in our lives that make a difference in our success as sales representatives: a former boss, colleague, professor, someone who turns the light on in our head and keeps it burning.

Those of us who have been successful in sales could probably write a book on lessons learned from our mentors. But, there are generally a few comments that stick with us for a lifetime. When it comes to relationship selling, two have stuck with me over the past 30 years,

"Establish a relationship with your customer, Rick. swell his trust, gain his respect and he'll tell you how to do retail with him."

That's what relationship selling was all about. It worked. cloud street lunches, ball games, golf, fishing trips and visits to a hunting lodge were all part of our repertoire. These were tools of the trade, relationship builders.

Getting to know your customer as a person, that's what it was all about. He became your friend. To do that, you couldn't spend most of your time talking involving feature and benefits or doing little product demos. No, you asked questions, questions close at hand them, and then you shut up and listened. of another sort tidbit of passing word from my mentor that stuck with me through the years emphasized that very thought:

"If you spend one hour with a customer and you talk for 45 minutes making a presentation surrounding features and benefits, your messmate and God knows what else, and the customer only talks for 15 minutes, you're a dead man. You'll walk out of there and your customer is going to think you're a putz, no matter how good your pitch was. But, listen to me, son, if you spend an hour with that customer, you ask a few questions and let him talk for 45 minutes not far from himself, the sale is 75% made. You'll walk away and the customer will think you are the greatest thing since peanut butter. You made a great sales call. How can he not think that when he spent 45 minutes telling you all random himself? I guarantee it. You inimitable have the control."

Change is the Only Guarantee in Life

Things have revived in the last 20-30 years. We have gone through an evolutionary process in the world of professional sales. We cannot be Lone Wolfs anymore. We cannot control every piece of data, every contact with our customer or be in know the ropes of the total customer relationship. To succeed and grow as a professional in sales today we cannot shell out to "own" the account. Buyers are more sophisticated today. Selling is more complex. It isn't good enough to just have product knowledge. We must have industry knowledge, market knowledge and, more importantly, we have to understand our customers' customers. To excel in sales today we have to educate our customers and help them make money. We must evolve into total solution providers.

If we are going to grow as professionals and make the transition from Lone Wolf to Lead Wolf then we must humble ourselves. We must be willing to give up total control, to share credit and develop teamwork within our selling organization. We can learn from each other.

I learned a lesson in humility a long time ago from my then 17-year-old son. I had started my own steel distributorship and grew it to $25 million in sales in ten years. I had just sold the business, had a big clipping of reversal in my pocket and was feeling pretty full of myself. I thought I could give my son a "Life Lesson." So I said to him, "Rhett, your dad is a self made man." I made this statement markedly as I expected him to question it. I wanted to tell him in relation to the long hours, the hard work, the sacrifice and the dedication that was required to fit successful at anything. But, he didn't say a word. He just stared at me with that funny looking helpless stare that only teenagers have mastered. I waited and waited for what seemed like an eternity and then finally he said, "You know what Dad? That's what I like nigh about you. You take responsibility for all your mistakes."

From this, I reminded myself that humility is of primary importance to sales reps - it is a naturalistic of leadership and salesmanship that we all need.

Becoming a Lead Wolf

Expectations set by our customers and our employers today are huge. We thought we were pros back in the good old days, and we were, synchronous to standards of old. But, today the bar has been raised. We have huge shoes to fill. We'll never live up to expectations if we can't shed the "Lone Wolf" mindset and utilize all the capitalization on deck to us. We must replace the old control concept with the team-selling concept and change into Lead Wolfs. In this role, we direct the efforts of the entire company's substance in order to meet sales objectives and the expectations that our customers have of us today as sales professionals.

The concept of pioneering a territory and then servicing the customers as a life government insurance has died. Customers are no longer willing to pay for it. The "Lead Wolf" who understands the evolutionary process of today builds business-to-business relationships for other team members to service. He becomes the quarterback who calls the plays. He manages the relationship and not the transaction activity. His primary goal remains the same, first call, last look, but his methodology has changed. Instead of managing transactions, time is invested in developing both new customers and increased penetration of existing customers.

Aside from humility, not the type important specific we need as professional sales reps to make the transition from Lone Wolf to Lead Wolf is commitment. We have to be dedicated to our customers, our industry, our customers' industry and to something a problem solver and profit generator for our customers. Sometimes we may have to teach our customers how to make money. Certainly, we all have to educate them on the difference betwixt and between price vs. cost. We need to guarantee ourselves to this evolutionary fluctuate process and transform Lead Wolves.

Commitment is also something I learned from one of my kids. My daughter really put it in perspective for me when she was a teenager. It was a day I was watching an especially engrossing NFL football game. The Cleveland Browns were playing the Cincinnati Bengals. It was the "Battle of Ohio". The score was tied with four minutes to play. My eyes were glued to the TV when my then 15-year-old daughter ran into the room shouting,

"Dad, Dad, I need you to loan me $100 and take me to the mall. NOW!"

I was shocked out of my trance, but my eyes never left the TV. "Go away," I cried motioning with my hand, "I'm watching football."

"But, Dad," she whined, " I need to go to the mall to buy a ring."

"You're 15 years old," I replied in disgust. "You don't need a hundred dollar ring. I want to see the end of this game!"

"But Dad, it's styled a purity ring. I want to give it to my husband on the day we get married to show him how white-hot I was to saving myself just for him."

"Say what?"

I jumped from the couch, knocked my soda off the table and hollered, "Grab my car keys, we're going to the mall."

That made the concept of obstinacy very all abroad in my mind, and determinedness is exactly essential to evolve through the Lead Wolf process.

People Still Do multilateral trade With People

Do not think for a minute that I'm suggesting that personal relationships with your customers are no longer important; that's not the case at all. We still must assign ourselves to patterning relationships. Golf is still okay, going to ball games, fishing and hunting are all still okay! In fact, relationships with our customers are even more important today seeing as how we need multiple relationships within our customers' proprietorship that are developed with multiple layers of people within our business. What's the difference today? The relationship is just the ante to play in the world of professional sales. Once we've established those relationships we must function as the Lead Wolf and manage those relationships to provide maximum value to our customers.

Perceived value drives expectations. Performance value drives satisfaction.

The higher we raise our customers perceived value by managing these relationships, the higher we raise his expectations. If we raise the bar high enough by contemporary a total solution provider we can create competitive advantage.

Warning!

Be curious not to raise his perceived value so high that our performance values cannot support those expectations. That's named shooting yourself in the foot.

The questions I pose to the professional sales representatives today are simple.

• Are you still functioning as a Lone Wolf?

• Are you protective of your territory, customer relationships, expertise and knowledge

• Or have you made the transition to Lead Wolf?

• Do you recognize that it's going to take your entire garrison and all its resources to excel and grow in this century?

• Are you knowledgeable surrounding your customers' industry? Do you know your customers' five largest customers?

• Are you willing to transfer intellectual regal by fraud as a mentor to your peers and inside sales reps?

• Have you humbled yourself enough that you are willing to share credit?

• Have you altruistic yourself to delicate a total solution provider?

• Are you qualified to be the Lead Wolf, directing the interest and resources necessary to maximize the potential of your territory?

"It 's not the strongest of species that survive; nor is it the smartest. It's not the strongest or the smartest; It's the ones that are the most responsive to turn back that survive." - Darwin

Although it's critically important, making the transition from Lone Wolf to Lead Wolf is not easy. In linking to your own mindset, your entire sales organization, as well as quite a few people in other areas of your company, must renew to the new realities.



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About AVEO AVEO Pharmaceuticals (NASDAQ: AVEO) integrates a proprietary cancer biology platform with drug development and commercial expertise in its efforts to discover and develop targeted cancer therapeutics. The company's lead product, tivozanib, is a potent, selective and continuous inhibitor of all 3 VEGF receptors that is designed to optimize VEGF blockade while minimizing off-target toxicities. Tivozanib is an oral, once-daily, investigational TKI that is currently being investigated in a global, randomized Phase 3 clinical trial called TIVO-1 comparing tivozanib to sorafenib in advanced kidney cancer, as well as additional clinical studies in other solid tumor types. AVEO's proprietary, integrated cancer biology platform offers the company a unique advantage in oncology drug development and has provided a discovery engine for high-value targets. This approach has resulted in a promising pipeline of monoclonal antibodies against novel targets including HGF, ErbB3, RON, Notch and FGFR. For more information, please visit the company's website at www.aveopharma.com. Position Description In this newly created position, Director/ Sr. Director of Training is responsible for building the Sales Training organization, developing all training programs and delivering sales materials to the field sales force. This will include product knowledge, competitive product analysis and differentiation, sales force effectiveness for sales processes and compliance requirements, business plan development with success metrics and requirements for note-taking & records retention. In addition to sales training, this position will support corporate training initiatives to ensure compliance with OIG guidelines. The incumbent will develop and facilitate all areas and phases of sales training including on-going field needs, managers meetings, plan of action meetings and product launches. Collaborative work with Sales, Marketing, Legal, HR, Regulatory, Medical and Operations is essential to deliver effective sales training programs. Job Responsibilities Lead and develop training around launch plans for US Sales and Marketing teams to ensure consistency in launch readiness including development of product and non-product training modules for new oncology sales team Design and execute product and non-product training for sales specialists and sales management team in collaboration with internal stakeholders, partners and external vendors Lead and coordinate new hire training programs for Sales and Commercial Operations Lead efforts in launch and other company meeting planning and execution, including site and production vendor selection, agenda creation, workshop development and delivery as well as overall meeting facilitation Build the Sales Training organization, staff as appropriate, set direction through the performance management process and develop team Partner and collaborate with Marketing to develop sales force strategies to ensure product success in the marketplace Identify, evaluate and manage vendors to support training Establish goals and learning objectives to design appropriate and effective curricula, utilizing principles of adult learning Leverage technology to promote cost effective remote training using company LMS system Partner with Sales Management to develop and administer sales force development plans and performance evaluations Perform additional responsibilities and participate in special projects as assigned Collaborate with AVEO-s commercial corporate partner to achieve consistent and compelling materials and programs in a compliant and effective manner Lead training sessions that focus around selling skills, clinical study reviews, clinical case studies, competitive overviews, account management and OIG guidelines for compliance, etc. Aid in cross functional training to other functional areas, such as Marketing, Clinical and Corporate Partner and work with the Regional Business Directors, Managed Care Directors and Clinical Sales Specialists in their territories to provide coaching and feedback for development and for assisting in driving sales Conduct regular conference calls with Sales leaders and Specialists to cover recent clinical information and enhance selling opportunities Develop programs and gap assessment tools for use at regional meetings to aid in continued development of the Sales Specialist skill and knowledge base Incorporate all required regulatory and legal compliance programs into the appropriate training programs


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