Understanding Sales and its many misconceptions

What companies should care about from an early stage of its making

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Sales — a word often misunderstood and underrated by most. And when it comes to nerds, they often have no respect for anything and anyone related to sales! It is so underrated at times, that companies be it small or large simply fail, as they miss out on the scale the term ‘sales’ can be measured.

This piece is inspired by the book Zero to One by Peter Thiel. And while reading the chapter ‘if you build it, will they come?’ from his book, I couldn’t think but to share some of my personal experiences and thoughts on this.

I’ve had quite a diverse professional career so far. From the leading bengali newspaper to an NGO that teaches leadership, to a WiMAX multinational to a local Ad Tech startup, and now at the largest telecom company in the country, I had the privilege to experience a variety of roles and learn to understand and appreciate the differences. It also taught me from inside the organizations and meeting the stakeholders on the outside, that people tend to put almost everything into a perspective instead of going deeper into what things really are.

The annual advertising spend in Bangladesh is around USD 320 million. And there’s no data in my short research on how many people are directly and indirectly involved in selling this USD 320 million worth of ads. However, from my little experience of the advertising industry, even if I make a random, overestimated guess of 15,000 people in advertising sales, then each person will be selling on average USD 21,000 a year, or BDT 1,680,000 annually. So, given that the average per capita income (nominal) in Bangladesh is around USD 1,100, this makes every person in advertising sales almost 16 times more than their worth. This is quite a good number from a business perspective considering the majority of these sales are manual and direct sales.

Now the problem is not in these numbers, it’s in the perception of the people who are not in sales, or in most cases are the nerds! Nerds are skeptical of advertising, marketing and sales as these seem superficial and irrational to them.

Nerds think their own work is hard, while they see salespeople are always out for meetings, they hear them talking on the phone and laughing with the client, or going to two-hour long lunch meetings, which they suspect as no work being done.

While most people in sales will agree with me and most nerds will find it difficult to accept, but my point here is not to make anyone feel little, but to raise awareness of the core function of any for profit, or even non-profit organization. If you cannot sell what you have created or have as a service to offer, your business will die.

While working closely with different cross-functional departments at the various industries over the last decade, I have seen a common gap among people at understanding distribution. Whether you’re selling vegetables at the grocery market, or soft drinks at the remotest districts, or you have an academic research that may have a medical breakthrough, or tech product for the consumers online, the fundamental mistake is to think that just because you have build a product, a service or even a company for that matter people will come and buy from you.

Sales is so important for any consumer product or service company, that it literally validates the need of the item made and whether at all it will have a business case to sustain.

Recently, among the young startup entrepreneurs, one thing I have noticed is the lack of experience in the real world workplace. They are mostly fresh out of university or still studying, and they think they can build a cool product that will just sell automatically. They spend days and months building a website, making social media pages and presentations, with no focus or idea if their product will at all sell. What they don’t realize is that if you cannot sell an egg, you can’t sell a hundred eggs whether through Facebook, an eCommerce site or going door to door. So, as a result, their dreams get shattered, and their company never sees the light of the world.

Salespeople are like artists. They are not only good at convincing people to believe in their product, they are equally good at understanding it from the perspective of the engineers, programmers, scientists, manufacturers, designers you name it.

Sales is at the heart of anything an organization does. Sales revenue is the reason a company can reinvest, recruit, give out dividends to the stakeholders. It’s the nucleus of an organization for its survival and everyone should pay sincere attention to it. Not only does sales bring money into the company, it also brings market insight and valuable customer feedback that is critical to pivoting a business process and innovating on the future iteration.

As Peter Thiel puts it,

“if anything, people overestimate the relative difficulty of science and engineering, because the challenges of those fields are obvious. What nerds miss is that it takes hard work to make sales look easy”

So it all comes down to changing our perspectives. We can all be more interested about the flashy stuffs and the things that are more popular among the world of jargons for our persuasion, but it comes down to the golden question, ‘if you build something, will it sell??’

The opinions shared in this article are absolutely my own and has nothing to do with where I work or the places where I influence in my daily life.

Written by

Thinker | Launcher & Growth Hacker of multiple million dollars businesses/products | Curator | Mentor | Multipotentialite

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