By Jane Porter
Using
techniques he learned in a seminar on sales prospecting, Carlson decided to try
zapping his negative feelings, “Mark Carlson, president of
T. Charles Wilson Insurance Service, with his "thought zapper.” Literally. He started wearing a thick
yellow rubber band around his wrist that he called a "thought
zapper." Every time he looked at the phone and felt anxious, Carlson
snapped the rubber band and thought of something positive. He also made a point
of scheduling time each day to call potential clients. Soon his negative thoughts
dissipated, and sales rebounded this year to $1.6 million.
Fear of rejection is common among small
business owners like Carlson, especially those who are just learning how to
sell themselves and their product or service. Consider these seven rules for
coping with rejection in your business.
Know your sales ratio. Rejection is inevitable when you're
selling, but you may not get as discouraged if you know how much to expect.
Trelitha Bryant, a vice president at Behavioral Sciences Research Press, a
Dallas-based firm that focuses on how fear affects selling, calls it your
"sales ratio" and estimates that on average it takes about 30 calls
to get an appointment with a prospective client.
The number will vary depending on what
you're selling; bigger ticket items typically have a higher sales ratio.
There's no science to figuring out this number, but talking to others in your
business about their experiences and paying attention to your own success rate
will help you estimate how many rejections to expect. "That knowledge of
what your sales ratios are is going to help to immunize you to rejection,"
says Bryant, whose firm put on the seminar that Carlson attended.
Set long-term goals. A personal goal also can help you reframe
your thinking to cope better with sales rejections, Bryant says. Goals that go
beyond your business objectives help "you stay focused and persevere
through those challenges."
Perhaps you want to pay for your
children's college education or donate money to a favorite charity. For
Carlson, it helped him stay motivated if he thought about being able to take
his daughters to Disneyland again.
Don't take it personally. Many small business owners, especially
solopreneurs, take rejection personally. They figure there's no one to blame
but themselves. "When you work for yourself, you have no excuses,"
says Mike Taubleb, founder of Promenade Speakers Bureau, a lecture agency in
Brooklyn. "It's all up to you."
Debra Condren, a business psychologist
and small business coach in New York, advises people like Taubleb to avoid
self-blame. "Every time you get rejected you learn something about
yourself," she says. "Look at it more as a learning opportunity."
Get into a routine. Developing a routine is another way to
stay motivated. For Carlson, making phone calls at the same time everyday has
helped him overcome his fear of rejection. Every morning at 9, he spends half
an hour calling prospective clients; then he gets back on the line at 10:30.
"You can make about twenty phone
calls in half an hour," Carlson says. "The more people you reach out
to, the more people you are going to find who have an interest in your
product."
Build relationships. Don't reject prospects after they reject
you. "If you've been rejected, it doesn't necessarily mean this person
will never be your client," Condren says. "Keep the conversation
going."
She suggests creating a newsletter or
writing articles that establish you as an authority in your field and allow you
to communicate regularly with potential customers. You will feel better about
yourself and develop credibility with prospects. "They are looking to you
as an expert source," she says. "It's all about relationship
building."
Talk to other entrepreneurs. It's easy to feel as if you're the only
small-business owner facing so much rejection. That's why it's critical to
reach out to other entrepreneurs to know you're not alone. "The more we
get rejected, the more we tend to isolate and go into our hermit holes,"
Condren says. "That's when you need to pick up the phone. When you reach
out and talk to other entrepreneurs, it normalizes what you are going
through."
Acknowledge your accomplishments. Taubleb makes sure to keep track of his
daily achievements. Each night before bed, he writes down the top three or four
things he did that day in his journal. It helps him sleep better. "I've
almost never skipped a day," he says. "That helps me recognize
progress."
He also focuses on the sales he has won
and finds that they outweigh the rejections. "You only need a few of them
to carry you psychologically for a while," he says. "It's your
success."
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