The Salespreneur

True Nature of a Salesperson

Some time ago I coined a new term: Salespreneur. It describes not only the true nature of a salesperson—a profession that for years has been unjustly maligned—but also the qualities a salesperson must have moving forward into the vastly changed sales landscape of the 21st century. The word came about after I realized that, in reality, salespeople are “entrepreneurs within the enterpriseEnterprise Enterprise (in the context of sales) is a relatively large organization typically composed of multiple levels, locations, and departments which need multi-layer software systems that support collaboration across a large corporate environment..”

The philosophy underlying Pipeliner CRM is based on the Austrian School of Economic thought, as well as the work of renowned management consultants Peter Drucker and Fredmund Malik. Central to all of their thinking—and in fact central to any economic or management model—is the entrepreneur. An entrepreneur sees opportunities others miss, and has the ingenuity to seize and exploit them to the benefit of the market community. An entrepreneur carefully weighs the risk versus the opportunity, and acts accordingly. An entrepreneur would far rather create their own livelihood rather than take a fixed-income job.

Salespeople share many qualities in common with entrepreneurs. Salespeople prefer making their own financial paths and are paid on commissionCommission Commission is the amount of money a sales professional earns for reaching a specific sales volume or for executing one or more business transactions.. They have an alertness for opportunity that others don’t have. The salesperson has the same kind of ingenuity as an entrepreneur, to take advantage of such opportunities. They have an innate instinct for weighing risk versus reward.

To truly succeed in today’s competitive and lightning-fast sales environment, however, a salespreneur must realize and empower additional capabilities, which we enumerate in detail in our book Cutting Through The Water: Becoming a Champion Salesperson, Here are some examples:

• Salespreneurs foster relationships; they don’t just close sales. They operate with the long-term big picture in view and on the maxim, “If you’re helping, you’re selling.”
• A salespreneur acts as a “mirror of the field,” constantly gathering and feeding back dataData Data is a set of quantitative and qualitative facts that can be used as reference or inputs for computations, analyses, descriptions, predictions, reasoning and planning. to their company from customers and prospects. In this way the salespreneur actively contributes to the future of their company and the industry.
• Salespreneurs are always on the lookout for new opportunities, whether or not the task of lead generationLead Generation Lead Generation is a set of activities aimed at generating interest around a product or service through methods such as 1. content marketing (blogging, podcasts, free downloads); 2. advertising (PPC, banner ads, Yellow Pages, sponsoring an event); 3. referrals (recommendations from existing customers and other people); 4. outbound marketing (cold email, cold calling), and 5. partnerships (joint ventures, affiliate marketing). falls within their job description. They follow up tips dropped from customers; they prospect on social media; they are constantly creating future income for themselves, in addition to leads their companies might be feeding them.
• A salespreneur envisions every opportunity from the standpoint of a win-win: The customerCustomer Customer is an individual or an organization that purchases a product or signs up for a service offered by a business. wins, so the salespreneur wins. Not only does this mean a profitable, ongoing relationship with the buyerBuyer A buyer is an individual or organizational entity that purchases a product or subscribes to a service., but it means the buyer recommends the salespreneur to others. This is factually the only way a salesperson can succeed in a networked society such as ours: reputation is everything.
• Salespreneurs best succeed through altruism. Since salespeople are generally viewed as greedy, this may seem counterintuitive. But it is anything but. To the degree the salespreneur cares less about personal gain and more about the buyer, the better that deal is going to go, the happier the customer will be, and the more willing that buyer will be to recommend that salespreneur for future business.

Can you imagine how much more efficient your company would become if every member of your sales force behaved in the ways we are describing above? A core part of our mission at Pipeliner CRM is to help bring this about.

Welcome to the age of the salespreneur.

Find out how Pipeliner CRM can help empower your salespeople to be salespreneurs. Download your free trial now.