Category: pharmaceutical speaker

The Pandemic Might Have Changed Pharma Sales Forever – What About You?

 

As a pharma sales motivational speaker with a long-standing interest in healthcare, I followed how the COVID-19 pandemic affected our industry. There were profound changes – and it was much more than “business as usual.” The question is: “What about you? Are you ready to change with the changes?”

We are Innovation Champions

How can we not be proud of our industry? Seriously. According to a report by Deloitte Consulting (March 30, 2021), in 2020 the FDA “approved a near-record 53 novel drugs—up from 48 the prior year. These innovative therapies…offer new treatment options for patients who suffer from a wide range of illnesses including cancer, spinal muscular atrophy, and hereditary angioedema.”

What a great testament to a great industry! As a pharmaceutical sales speaker, I am amazed at the dedication of everyone involved.

However, this is not a time to rest on our laurels, in fact, the pandemic has exposed serious flaws that everyone involved in sales and marketing must be determined to address.

Brian Corvino and Candy Lurken, principal authors of the report appropriately named “The pandemic didn’t hinder drug launches but it has altered sales tactics”, noted that limited market access, inadequate understanding of marketing needs and poor product differentiation as being “the top reasons the drugs don’t live up to initial expectations.”

It’s about Sales and Marketing

Indeed, the new drug launches have not lived up to sales expectations. Companies have “revised or scaled back” and market response has been lackluster. Everyone is in agreement that the industry has struggled to convey the important sales messages as communication tactics have changed.

The Deloitte research has shown that in 2020:

  • Clinicians are seeing fewer patients and writing fewer prescriptions
  • Reps and clinicians have gotten used to virtual meetings
  • Information is being delivered through new channels

We know that, unfortunately, many patients have suffered due to a reduction in insurance benefits, and some practices cut back on admin people. And while we had no choice but to meet virtually, there may be a permanent move to hybrid situations, and while information has largely been conveyed digitally, it must be differentiated. What are you offering that is above and beyond, that exceeds expectation? What support do you offer that is surprising and shows effort and outstanding customer service?

Why it Matters

If you are in any aspect of pharma sales and marketing, then you are also aware of a simple but important truth as expressed by Corvino and Lurken: The pandemic has not reduced the demand for drugs that address unmet needs.

What you do as a pharma sales rep matters, to companies, clinicians and ultimately to patients. The year 2020 may have altered many things, but it did not affect the need for what you are offering and who it will ultimately help.

To succeed in this post-pandemic world will require your mindset, vision and the daily grit to make a difference. The challenges have never been greater, but neither have the rewards. Are you ready to make a difference?

 

 

Book Scott Burrows, Pharmaceutical Sales Keynote Speaker for your next event, contact him today through this website or his office at: (520) 548-1169

 

What is The Winning Script for Writing More Scripts in 2021?

 

The landscape of pharma was radically altered by the pandemic…experts say that the industry will soon be taking stock of how it navigated the pandemic and what the sudden shifts in operations and regulations could mean in the long-term.” – Pharma Manufacturing, January 18, 2021

As a pharmaceutical keynote speaker, I know virtually every area of the industry will be undergoing changes this year including regulatory issues, manufacturing, storage and transport challenges, new vaccines, billing issues, a hybrid of teleconference and in-person presentations, and even controversial drug introductions. This is all in addition to major challenges for sales reps and their healthcare clients.

Collaboration and Teamwork Essential

As the industry projections for 2021 suggest, there will be a lot of “taking stock” this year. The landscape of pharma has been radically altered. With all of the changes and turbulence, teamwork will be more essential than ever. In my virtual pharma motivational sales presentations during 2020 and now, hopefully live and in-person, I stress that the winning script for writing more scripts distills down to three important points: Vision, Mindset and Grit. These points not only apply to the individual, but to the team, and the inter-dependence of teams.

Vision – Market research firm LSA Global conducted a study on the power of companies and teams that come together with a shared mission statement and found that they grew revenue 58% faster and are 72% more profitable while significantly outperforming their unaligned peers. I might add that the study was based on 410 companies. Alignment is another way of saying that teams have a common goal in working together, sharing information, committing to the highest levels of customer service, and essentially driving the sales process. It is a realization that the sum total of efforts, more important now than ever, will yield positive results.

Mindset – Business and sales performance writer Vivienne Dutton offered the top ways to develop a success-oriented mindset. Among the more important points for the creation of a strong team?  Promote problem solving; discuss ongoing challenges; encourage the sales process; endorse a culture of group development over individual genius; and most important, don’t just talk about a mindset, embrace it. Mindset can be very powerful if it is harnessed and put into action. It can also be just a collection of words unless teams truly come together.

Grit – Grit is having resilience and the strength of character to not give up or give in to the obstacles that stand in our way. For everyone involved in pharma sales last year, the concept of grit became ingrained into their thinking. As we go forward in 2021 and we encounter much change, unless teams and entire organizations have the grit to maintain vision and mindset, there will be little or no progress in the year ahead.

Ultimately, it all adds up to determination. Every sales rep of every sales team must have the determination to approach 2021 with vision, mindset and grit. There can’t be shortcuts because the stakes are too high to believe this year will be business as usual. If we are determined, this has the potential to rebound to being the best year ever.

 

 

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