Sandler Rule #15
Every Unsuccessful Conversation Earns Compound Interest
In this rule, Sandler reshapes the perspective of sales professionals, treating each interaction as a strategic investment in future success. It steers away from viewing unsuccessful conversations as failures, positioning them as crucial elements for continuous learning and growth.
Mistakes become stepping stones, enhancing skills and understanding for more effective future engagements. The rule places significant emphasis on relationship-building, recognizing every contact made during sales calls as a potential source of valuable connections. These relationships may lead to referrals or opportunities when prospects transition into buyers in different roles or companies.
Equally vital is the concept of equity building, acknowledging that each outreach contributes to the salesperson’s credibility, even if immediate sales aren’t realized. The rule advocates for patience and persistence, acknowledging that the impact of sales efforts may take time to materialize. It instills a forward-thinking mindset, where every effort, even if initially unsuccessful, contributes positively to future outcomes.
The compound interest concept underscores the cumulative effect of consistent, persistent sales efforts over time, representing an investment in future success. By urging sales teams to value the enduring impact of each interaction, the rule encourages the cultivation of meaningful client relationships over a focus solely on immediate wins.
Discuss this rule with your sales team and think about how you can apply it in your sales process. Find the book, How To Sell To The Modern Buyer, at Amazon or shop.sandler.com and subscribe to our channel, Sandler Worldwide, for the rest of the Sandler Rules!
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