Category: Financial Services Speaker

What are you afraid of?

 

As a motivational sales speaker, it’s strange that more people don’t want to go into sales. This is especially true after most of us spent more than a year locked down, and many of our family, friends and neighbors got laid off.

Did you know that according to the U.S. Labor Department, sales reps who sell technical products or services had a median income in 2020 of almost $109,000? Here’s another interesting statistic (Patrick Thomas, Wall Street Journal):

“[As of July 14, 2021] a major an online job platform, shows the number of sales roles advertised has risen steadily this year, up 65% to more than 700,000 open positions around the U.S., after big layoffs decimated the field at the outset of the pandemic a year ago.”

While we have all heard the woes of industries such as foodservice, retail and manufacturing where jobs go begging, why would hundreds of thousands of jobs paying six-figures on average not get filled?

Fear of Sales

Several years ago, author and sales trainer Scott Edinger wrote about fear of selling for the Harvard Business Review:

“Fear stems from the [perception of] equating sales with making people buy things they don’t want, don’t need, and can’t afford.”

As a motivational sales speaker who has had a successful sales career, I explain to my audiences that the last thing a successful sales person wants to do is to push products or services on people, organizations or associations that they don’t need. My goal, always is to help people, to offer them solutions to their problems and to develop long-term, valuable relationships.

Our fear of selling comes from short-sighted images we have witnessed from childhood. We remember used-car salesmen or unscrupulous clerks. Professional sales people must be the opposite.

Professional selling calls for product knowledge, understanding customer needs and being a facilitator. We are there to serve and to help. In my motivational speeches for sales teams, I stress that every successful sales person must have three unwavering goals that they must always possess. If you have these qualities, you will be professional in attitude and purpose.

  1. You must always have a clear vision. No matter your area of sales expertise, what is your vision for your client? Is it to sell and be “one and done,” or to help them solve a problem such as increasing productivity, improving quality or safeguarding their families? Whatever it is, hold onto that vision and make it work for them – and you.
  2. You must always have a resolute mindset. It was author Napoleon Hill who said “There are no limitations to the mind except those we acknowledge. Both poverty and riches are the offspring of thought.” I might say the same to every successful sales person. If your mindset as a salesperson is to be successful at your career, you will be. If you want to be filled with fear, you will have that too. The choice is yours. Have a mindset of who you are.
  3. You must always have the grit to get better every day. If you get knocked down one day, for any reason, have the grit to get back up, learn from your mistakes and keep going.

 

In the end, what should you be afraid of? Only of not helping enough, trying enough or being determined enough. “Fear” is a luxury for those without vision, mindset and grit. You have all three if you believe they are there.

 

 

For more information on booking Scott Burrows, Motivational Sales Speaker, contact Scott today through this website or his office at: (520) 548-1169

 

Serious Question: Are You Focused on Being a Good Servant?

 

As a motivational business speaker for the Insurance & Financial industries and former member of the Million Dollar Roundtable, I’m aware of all of the reasons new agents fail. If I were to choose one reason above all of the others, it is that those who fail, tend to place their commission checks above their dedication to service. In other words, new agents are often more worried about the immediate gratification than the long-term benefits of service and reward from that service.

It is easy to get defeated when those first checks don’t match expectations. It’s a shame, because victory is so close if only, we have the vision to see it through and the dedication to service above all else.

A Servant’s Mindset

We are here to serve our valued clients. The better we serve, the better we do financially, personally and in terms of purpose. The most successful agents are those who understand that we often serve our clients through their darkest and most challenging times. It is a high honor and an important responsibility.

We must be there for them, and if we are, our success will follow. But what, exactly, is the servant mindset? Many people use the term without fully embracing it.

You may have heard the expression “servant leader,” where the leader, be it a CEO, company president, department head or manager, understands that their role is to support those who work for them.

In terms of the insurance agent, being a good servant to one client, your client, is every bit as important as the CEO of a multi-billion-dollar insurance and financial services company must be of service toward thousands of employees.

But what qualities should every good servant agent have? I will list at least 8 qualities of servant leadership we should all have as agents:

  1. We must empower and allow our clients to ask questions, to understand, to gain knowledge and to make decisions based on the information you give them.
  2. We must constantly learn. I am not only talking about “products,” but what is happening in the market, what are the future challenges and opportunities to be faced together between you and your client.
  3. We must be teachers. A good servant teaches and makes things clear. Knowledge is King and we must help them understand.
  4. We must include our clients. But isn’t that always the case? Sadly, no. Being dedicated to service involves transparency. Clients need to know “the why” of it all; why this product, why is it best for me, how does it compare to competitive products?
  5. Honesty and ethics. Of course, it should go without saying, but being a good servant is placing the clients interests ahead of all other interests.
  6. Ask questions show you’re engaged. Don’t answer every question before you ask it.
  7. Listen. This goes hand in hand with the above. When a client shows apprehension, concern or uncertainty, it is not an invitation to steamroll. They are the customer; you are there to service their needs.
  8. Are you more placing commissions above being a good servant? If so, understand that clients instinctively understand you are not there for them, but for yourself. This is why some relationships soon fail.

 

Being a good servant or servant leader for that matter, requires the vision to see yourself in a successful insurance and financial services career, the mindset to be the best at that job you can be, and the grit to get better every day.

 

 

For more information on booking Scott Burrows, Insurance & Financial Services Motivational Speaker contact Scott today through this website or his office at: (520) 548-1169

Now, more than ever, Every Business Must Be Resilient

 

As a motivational resilience speaker with a passion for small business, I know how tough it has been. My background as a small business owner, manager and consultant, made me aware of what every small business employee knows: the pandemic may be hindsight for several industries, but small business challenges continue.

Our Survival is Based on Us

In March 2021, the U.S. Small Business Administration, Office of Advocacy, issued an important report, The Effects of the COVID-19 Pandemic on Small Businesses. No small business, from the aircraft parts manufacturer with $90 million in revenues, to the pizzeria with $600,000 in revenues was surprised by the conclusion (the italics are mine):

“The effects of the pandemic will continue long after it ends. The pandemic changed patterns of consumption and forced businesses to find new ways of serving their customers. Some businesses have died, some have been born, and many that survive will have been permanently changed.”

Across America, no small business was spared; but in most large cities, especially foodservice, hospitality, travel and leisure, transportation related, niche schools and day care services, things were particularly bleak. If conditions weren’t bad enough for white-owned businesses, they were even worse for minority-owned businesses.

Everyone associated with a small business is being asked to dig deep as never before. The strength of every small business in America has not been in technology or raw ingredients or marketing, but in its people. We are innovative. We always find a way.

Its Time to Stand Up

In February 2021, the U.S. Chamber of Commerce published an article entitled:

4 Ways to Make Your Small Business More Innovative. This was especially important in light of recovery from the effects on the pandemic. The U.S. Chamber of Commerce agreed (the italics are mine):

“Big or small, innovations involve solving problems and challenges, whether with products or services, internal systems and processes or changes in the marketplace. But people in a company often get stuck in silos, unable to envision much beyond their area of expertise…rotate employees to different roles so they gain a broader understanding of the company’s challenges and opportunities. Have company leaders take a day each month to work in someone else’s shoes. Even the owner—especially the owner—should get her hands dirty on the factory floor, or perhaps answer customer service calls now and then.”

This is not the first time that small business has had to rise to the challenge. American small business has not only survived, but led the way through a Great Depression, recessions, diseases, Wars, famine, natural catastrophes and now – recovery from a pandemic.

There is nothing we can’t accomplish.

How do we stand up?

We stand up by having a shared mindset. Not individually, but as a company, organization, association, to overcome and out-innovate every challenge in our way.

Americans love this. It’s in our blood. It’s part of who we are.

We stand up by having a vision. Our vision is to succeed. Our vision is to work together and to see ourselves getting through this. If we’re stuck in our thinking, then let’s un-stick; if one door is closed to us, what’s our vision to open another door? If we can gain perspective from where we are, let’s have the vision to change perspectives.

Finally, no challenge has ever risen up for American small business that wasn’t overcome with the daily grit where we were determined to win. I know we can do this, and I know we will succeed.

 

 

For more information on booking Scott Burrows, Small Business Motivational Resilience Keynote Speaker for your next event, contact him through this website or his office at: (520) 548-1169

How Alert and Agile are You to Industry Changes?

 

The buzz in the insurance and financial industry is focused on the changes all around us. As a national insurance and financial industry keynote speaker audiences are constantly asking me questions about changes in regard to the financial bearing of COVID-19 on the industry, the hybrid workspace model, payment processing, legal challenges following the pandemic and similar issues. While each factor is important, to my mind the most important issue is YOU.

YOU is Not an Acronym!

Insurance expert Patricia Moore recently (May 3, 2021) stated that the industry is shifting to more customization, personalized communication and a strong desire for you to be there when they need you.

Aren’t those self-evident concepts? Unfortunately, not. As an insurance and financial industry keynote speaker and a member of the Million-Dollar roundtable, I believe that many agents were caught flat-footed when the pandemic hit because they failed to be alert and agile. It was business as usual prior to the pandemic and many agencies have not fully recovered as we enter the second-half of 2021.

The one question everyone needs to be asking themselves is “Do I have the vision, mindset and grit to be successful?” The question requires investigation on our part.

In terms of customization, no matter how much YOU feel that the customer can find online, it still comes down to your delivering solutions that match the customer’s needs in this unpredictable climate. Do you have the mindset it takes to provide real answers to your customer’s needs and not cookie-cutter fixes? Will you visualize what changes lie for your customers in the year ahead and the grit to deliver on your promises?

When we refer to “personalized communication,” we are not talking about a snail-mail letter with fancy penmanship! Now, more than ever, insured individuals, organizations and corporations want to know that you are there more them. While we live in digital times, with digital payments and digitized insurance options, it doesn’t mean that customers don’t want to hear from you. In fact, we are seeing that the opposite is true.

One of the chief complaints I hear in meetings and seminars (virtual or in-person) is that they never hear from their agents. In some cases, they don’t even know their names! Do YOU have the mindset to be there for your clients? Do you have the vision to service their needs, day-in and day out? Are you willing to have the grit to update them, offer them your expertise and care about them as people? We are, after all, in the people business, not the premium business.

Finally, are you willing to really be there when you are needed? Being there is more than a cute slogan and catch-phrase. Your clients need you as never before. Are you willing to stand-up for them in times of trouble and challenge as never before?

Will you be there for them should times get tough again? Do you have the grit to tell them that you appreciate their business and that you have their backs no matter what the future brings?

To be successful YOU must be alert and agile. 2021 can be your best year if that lesson is remembered.

 

For more information on booking Scott Burrows, Insurance & Financial Speaker for your next event, contact him through this website or his office at: (520) 548-1169

Change is All-Around Us, It’s Time to Rise Up

 

As a motivational speaker for the insurance and financial services industry, I have never seen as much sweeping change as we are experiencing now. I say this as someone who worked in the industry and made it to the Million Dollar Round Table and who carefully follows every industry development.

2020 changed everything, but 2021 will raise those changes to a whole new level.

Regulation 187 and Beyond

The amendment known as New York State’s regulation 187 is just a number to some, but it signaled the start of sweeping change in the insurance and financial service industry. Though its origins go back, to pre-pandemic 2019 it picked up steam across the nation.

Bill Unrue, industry insurance expert said at the start of 2021:

“The rule requiring insurers to act in the best interest of the consumer will likely become the standard for the U.S. life and annuity insurance industry over the next few years. The rule demands more simplicity and transparency within the annuity and life insurance sales experience to prevent what some call “consumer financial exploitation.”

In addition to the changes moving us all to greater transparency, more clarity and policy language that’s easier to understand, is another trend that can no longer be ignored: the 2021 Digital Climate.

Retail and commercial consumers are comparison shopping online as never before. And, what is surprising, are the consumers of that insurance. In a CNBC article on “panic buying” of insurance during the pandemic (October 21, 2020), it was found that:

“There was a 13% increase in life insurance applications among the under-44 age group in the third quarter versus Q3 2019, compared with a 9% jump for 45- to 59-year-olds and 0.4% in the 60-plus category.”

While the industry saw a jump in insurance sales in 2020, and that finally, more Americans are getting insured after years of decline. The so-called panic buying during the pandemic also meant that transparency was at an all-time high and climbing. The Millennial buyer, being an early adopter of all things digital, is seeking easy-to-find comparative coverage rates, superior, online customer service and a commitment of insurers to offering ethical and crystal-clear language as never before. What’s more, with states adopting similar rules to New York State’s regulation 187, anything put out online will be subject to intense scrutiny.

What is Your Vision?

You can turn your insurance and financial services future into a tremendous opportunity, and it’s apparent that customers are receptive as never before, but it’s going to take every ounce of your vision to make it happen. Do you have that vision?

Your mindset must be to offer exceptional and transparent customer service, to be as digitally savvy as you can be and to offer product that is unquestioned on the basis of its comparable value. Pre-pandemic, Americans had fallen off insurance purchases, now it is up to you to take advantage of the renewed interest. Can you embrace that mindset?

However, understand this is not the same industry that it was less than five years ago. It can be better, but it is up-to-you.

To be successful, will take the daily grit to outwork the competition and to convey the importance of what you are doing and why your mission is so important. You can be successful, but it is a commitment as never before.

 

Contact Scott Burrows, Insurance & Financial Services speaker for your next event, through this website or his office at: (520) 548-1169

 

Have You Neglected Your Most Important Client?

 

As an insurance speaker and former advisor for Northwestern Mutual, I know the insurance industry fared pretty well in 2020. However, many media outlets viewed life insurance through the lens of “panic buying.”

In a piece by Greg Iacurci for CNBC (October 14, 2020) entitled “Americans are ‘panic buying’ life insurance due to coronavirus pandemic” Iacurci states:

“Insurance sales have been dwindling for years. In 2020, just over half of American adults reported having a life insurance policy, down from 63% a decade earlier…But Google Search traffic for “life insurance” jumped 50% between March and May this year compared with the same period in 2019.”

He cited growth of policy sales for major companies such as Northwestern Mutual by 15 percent, however he also noted 30 percent increases in the online insurance marketplace. The jumps in policy sales were especially strong among younger Americans. Iacurci found that,

“There was a 13% increase in life insurance applications among the under-44 age group in the third quarter versus Q3 2019, compared with a 9% jump for 45- to 59-year-olds and 0.4% in the 60-plus category.”

Where’s My Boomerang?

Close to 60 million Americans have now been vaccinated against COVID-19. While there are still several pockets of non-compliance and irresponsibility, Americans are in general more optimistic. Dominic Mastroangelo writing for The Hill (March 14, 2021) said:

“A CBS News/YouGov poll released this weekend found 64 percent of Americans say they think efforts to contain the spread of the coronavirus are going well. Another 74 percent say they are excited about the prospect of businesses opening as more Americans get vaccinated against the virus.”

How then, will Americans respond to optimism in terms of insurance purchases? More importantly, how will you respond?

If the economy is projected to have more of a “V” shaped recovery and, as appears, a more optimistic outlook than at the start of the pandemic, does that mean insurance sales will see a 2021 downturn? Even if we don’t see a dramatic downturn in terms of overall sales, will online sales organizations try to crush the insurance sales rep?

Have You Neglected Your Most Important Client?

As an in-person and virtual insurance speaker and former member of the Million Dollar Round Table, I have seen the industry go through major swings.

No one in our industry can predict the future but I do know this: in 2021 your most important client is you. Unless you are completely committed to your own success, unless you have the Mindset, Vision and Grit to succeed, no economic recovery pattern will make much of a difference.

As your most important client, you must be on-board with elevating your personal brand. That means a positive mindset. Your positive mindset isn’t about being Pollyanna, for none of us can turn our backs on life’s challenges, but as a successful insurance sales rep, be aware of the trap of negative thinking. How will you, as your most important client, focus on the optimistic and not pessimistic? A negative personal brand is a virus all its own. Have the mindset that no matter what the challenge, you can be determined to overcome it.

What is your most important client’s vision for 2021? Does your client have a personal vision statement and are you ready to act on it? Why is a vision so important in insurance sales? Among many other benefits, a personal vision helps to reduce tentativeness and dread of selling and creates confidence; it reinforces your ethical principles and best of all helps you advance your sales goals.

Finally, your most important client must have grit. Grit is more than determination. It is the daily, hourly, minute-by-minute conviction that you will succeed, out-hustle, out maneuver and win against the competition.

Your most important client deserves the best. Don’t neglect them. He or she will have the best if they convince themselves to be the best no matter what this year will bring.

 

 

To hire Scott Burrows, Insurance Sales Keynote Speaker for your next in-person or virtual event, contact him today through this website or his office at: (520) 548-1169

The Post-Covid-19 Recovery Looks Promising, But Nothing is Automatic

 

As a motivational sales speaker, I keep hearing from my colleagues in sales all of the “happy news” about how great 2021 will be for sales professionals. On the surface, everything does look positive, but that’s when I start getting worried.

Joyce Chang, Chair of Global Research for J.P. Morgan, wrote on January 14, 2021, “2021 should bring stabilization and a reset for a number of disruptions experienced this year, with front-loaded market momentum and an economic recovery to follow.”

Who better to benefit from that recovery than the sales community? Ms. Chang also predicted that “the strongest global recovery in a decade will play out by the end of 2021 if the vaccine prospects play out as expected.”

Right this minute, at least four vaccines are showing excellent efficacy and the vaccinations nationwide are ahead of schedule. Does that mean sales people are free from challenges? Far from it. Let me take two of the highest-ticket consumer items, homes and cars, plus for balance in business, the computer software industry to illustrate an important point.

Nothing is Automatic 

On March 1, 2021, the Home Buying Institute reported, “Low mortgage rates and a pandemic-fueled desire for homeownership and space have increased demand within housing markets all across the country. At the same time, real estate listings and overall inventory levels have declined sharply.”

If you are in sales for any aspect of the residential industry, unless you are willing to have the mindset to deliver world-class customer service, expect stiff competition and a rough road ahead.

Bill Ross, Founder of Linchpin, an SEO and marketing organization, wrote this about car sales for 2021, “Automotive competition is intense. The concern is the peak demand for their product may have reached its potential. The decline in automotive sales is universal, with most European and American markets down nearly 5%.”

Everyone involved in automotive sales from new car sales to after-market understands 2021 will see many new regulations, a push for alternative fuel vehicles and the meteoric rise of online car sales. Do you know the rules, understand alternative technologies and can you compete against the threat of online car sales?

Finally, the Computing Technology Industry Association issued a comprehensive report at the end of 2020, as vaccines were starting to be administered, “As the industry emerges from a chaotic year, it will begin a rebuilding phase, but this rebuilding goes beyond restoration. There is little opportunity to return to the old way of doing things…this isn’t rebuilding to reclaim the past; this is rebuilding for the future.”

Do you have the vision to help the industry rebuild sales?

What Sets You Apart?

Whether you are in healthcare, landscaping, pharmaceutical, insurance or apparel sales, 2021 will have lots of potential but nothing will be the same as pre-pandemic. In order to compete, you must have the vision to see where your industry is going.  You must develop the mindset to be focused on success – whatever it takes, and the grit to see it through.

As a motivational sales speaker, I know that 2021 will be uncertain. None of us have gone this way before, but with vision, mindset and grit, this uncertain year could turn into the most successful year in your career. Let’s make it happen!

 

To book Scott Burrows motivational sales speaker, contact him today through this website or his office at: (520) 548-1169

2021 Insurance Sales: It’s About the Attitude of the Team

 

As a motivational sales speaker for insurance conferences, I know that as uncertain as 2020 may have been for the entire industry amid unprecedented changes, 2021 will test those in the insurance industry more than ever before.

Insurance industry expert Jean-François Gasc wrote an article on January 6, 2021 detailing the Top 10 most important trends in insurance sales for the coming year. If 2020 was the year of the pandemic, then we must consider 2021 the year of “trust.”

Every Team Must Buy-In

Gasc makes it clear that more than ever, trust is a non-negotiable element in the insurance industry.

“Consumers will not only expect their providers to give them good service and value for money, they’ll also require them to protect their personal information. What’s more, they’ll expect their providers to behave ethically in all facets of their businesses. Insurers that are perceived to have breached the trust of their customers risk substantial reputational damage.”

Building confidence and trust is a team effort and there must be a common mindset to protect the customer. As we have heard time and time again, selling insurance is a team effort. It is not just about someone closing a deal, but having everyone in the organization delivering world class customer service.

The foundation of the client-broker relationship must be a strong sense of ethics coupled with an understanding of the vulnerability of every valued customer. Personal information must be protected as the highest priority.

Does everyone at your agency have a vision of protecting the client?

Why is this mindset so important? Of all of the negative business news that confronted us in 2020, cyber fraud was at an all-time high. Cyber theft occurred in numerous agencies because employees let down their guards. It ranged from team members opening suspicious emails to using unauthorized websites while at work to openly sharing email addresses and sensitive data.

International cyber security expert Evez Hasson wrote (January 26, 2021):

“The pandemic has accelerated the shift towards a more digital world and triggered changes in online shopping behaviors that are likely to have lasting effects… This trend is predicted to grow in 2021. And with many businesses forced to change the way they conduct their sales; the risk of fraud is growing exponentially.”

If we combine the observations of the two experts, we can see two disturbing patterns: cyber crooks are constantly looking for ways to access sensitive files and customers need reassurance that your team is doing everything in its power to protect them.

Are You Determined to Advocate?

Insurance sales comes down to having the daily grit to place the security of the customer above all other considerations. It is a team mindset where everyone shares in that common vision. In 2021, the most successful agencies will have a positive team attitude on behalf of their clients.

Be a part of that mindset. Live that vision, and have the grit to aim for a level of ethics that will make you the industry leader.

Your client needs an advocate. Be that advocate.

 

 

To book Scott Burrows, insurance sales motivational speaker, contact him today through this website or his office at: (520) 548-1169

 

Are You Determined to Know the Truth About Insurance Sales?

 

My career as an insurance and financial services keynote speaker wasn’t something, I fell into one fine day. I learned the insurance and financial services industry from the bottom up. Despite personal and physical hardship and sacrifice, I made it into the Million Dollar Round Table in five years.

Keeping Current

It’s important to me that I keep current with the insurance and financial services industry from a motivational speaker point of view and also for my knowledge base. As I am a virtual as well as in-person speaker, I was interested in a link sent to me by an old associated that was entitled The Truth About Being an Insurance Agent. As it was published recently, I wanted to understand the current thinking.

As my passion is motivating insurance and financial services industry sales people to achieve their best, I was interested in the section in the article “Why do insurance agents fail?”

The authors listed several reasons including: unrealistic expectations due to a lack of renewals; a lack of sales mainly due to a lack of industry knowledge and sales savvy; inadequate lead generation; running a business can be overwhelming and focusing on commissions instead of the needs of the customer. While it is impossible to find fault with the points, they seem to fall short of the actual reasons for the failures.

Mindset, Determination and Grit

My philosophy of insurance and financial services sales is based on three underlying principles: mindset, determination and grit.

As to the issue of unrealistic expectations leading to a lack of sales, if this were the case, no one would go into the profession at first, nor would anyone focus on generating leads. Or, for that matter, who would create an insurance and financial services business or want to make a difference in the lives of their clients?

If a new agent has a realistic mindset about what it takes to create a business, if they are determined to go after business and to generate leads, if they have the daily grit to deliver exceptional customer service and to run an outstanding business, they will succeed.

My philosophy is not based on hollow words. When I entered the insurance and financial services business, I was still undergoing physical therapy following a horrific automobile that left me a quadriplegic.  In my recovery, I developed the mindset to see myself heal, the determination to do whatever I could to improve inch by inch, step by step and most important, to have the grit to get better and be better every day.

It’s Not Beyond Your Ability

Never think that success is reserved for other people, it is right there for you. If you are determined to be successful in the insurance and financial services business you can do it. When I was recovering from my accident, I was surrounded by many terrific people who encouraged and pushed my healing. No one pushed me harder than I pushed myself.

However, there was one type of “visitor” I never allowed in my life: negative people. On your road to success, there will be negativity.

The truth is this: you can be successful. Be determined to be successful and have the grit to build something great for yourself. Let no one tell you otherwise.

 

Book Scott Burrows, Insurance and Financial Services Keynote Speaker today, for your next convention or sales meeting, through this website or by calling (520) 548-1169

 

Staying at Home Doesn’t Mean Stuck at Home

 

In my work as a motivational pharmaceutical sales speaker, one of the most often asked questions I hear these days is, “With all of this social distancing stuff, I’m stuck at home. How can I do my job?”

The answer is that the challenge isn’t one of distance, but of mindset.

Limiting Contact, Not Determination

We are in an unusual time, between vaccine availability and rising cases. Chances are your company is asking you to stay home. As well, many healthcare providers are not only overworked, they want to limit outside contacts.

The temporary new normal turns pharma sales into a major challenge especially if you are selling a new drug and need to provide samples, demonstrate, educate or provide safety information. If things were not tough enough, we all know that patients are fearful of office visits and have cut back on them. This affects prescriptions.

Pharmaceutical industry writer Jessica Merrill commenting on the impact of social distancing on sales stated (November 13, 2020) that:

“The impact of curbing sales reps and medical liaison interactions could be felt more heavily for drugs that rely on hospital-based physicians…many hospitals are limiting access, restricting the ability of company reps to enter the facilities. Primary care physicians too are fielding increased calls from concerned patients.” The sense of urgency to see patients has lessened as, obviously, are educational dinners, trade shows and the like.

If you are allowing tough times to discourage you, it is time to reset your thinking.

Drugs are still being launched. Education is still critical. Your competition is still out there. Are you determined to sell in tough times? Do you have the daily grit to see it through?

When One Road is Blocked, Find Another

Jessica Merrill talked about “Short-Term Triage, Long-Term Impact,” and she is correct. What you do now will impact on your success in the months and years to come. It is a matter of developing a vision of success.

Now, and certainly for the foreseeable future, most sales reps will have to rely on the virtual and digital space to communicate. According to industry statistics, during “normal times,” about 50 percent of the time healthcare providers are receptive to sales calls. However, in these times only 10 percent will open a sales email. That’s quite a drop. How do you get around it?

The key is creativity. Find more engaging approaches to communicate. Out-hustle the competition through committed customer support. Work at show-casing your products in a fresher way or with a more research-based approach or a more interactive method. The point is to be determined to set your company apart and above.

Keep in mind that virtual communication is largely in its infancy. We are on the verge of change. What is necessary now may become an accepted and permanent change in the years ahead.

The pharmaceutical industry has been looking for ways to lower costs and reach more customers for years. A mixture of innovative digital approaches combined with in-person calls could move the industry needle toward greater efficiency and impact.

Through vision, determination and the daily grit to rise above the obstacles that confront us, you and your sales team may well change the sales model forever. Staying at home doesn’t mean stuck at home, it means seeing possibilities from no matter where you sit.

 

Scott Burrows, Pharmaceutical Sales Motivational Keynote Speaker is booking appointments for in-person and virtual meetings and events. Contact Scott today through this website today or call: (520) 548-1169