|
In the
previous article I pondered whether introverts might benefit
from agents who could market their goods, and services. While
you might find an agent to represent you, you need to put
yourself and your work into the public eye before any agent
becomes interested. Salespeople might feel the same way about
your products or services. Before you break out in hives over
the "public eye" problem, allow me to explain the differences
between agents and salespeople?
While
you might refer to agents and salespeople as one and the same
person, many agents may beg to differ with you. For instance,
an agent can hire a salesperson to help with a workload, and
that salesperson could carry out an agent's agenda outside
legally binding contracts. But, a salesperson usually doesn't
need an agent, unless he needs a representative for a side
business.
So, the
difference between a salesperson and an agent is a fine hair
to split, but it's there nevertheless:
- Agents
may be licensed, and some take tests to meet state or federal
requirements. Agents usually contract with you and for you
when necessary (booking events like book signings, etc.).
Salespeople, on the other hand, may be bonded but not licensed.
- Agents
want to know everything about you, as you are as important
as your product or service. You're the investment.
Salespeople, on the other hand, want to know everything
about your customers and your goods, so that they can sell
your product or service effectively. The salesperson is
your investment.
- To
that end, another way to view the difference between agents
and salespeople is to think of an agent as a person who
represents you, while a salesperson represents your goods
and/or services.
- Agents
may maintain a network of other agents and specific buyers,
and the buyers usually consist of larger entities, like
galleries or publishing houses. For that reason, successful
agents usually are established in their fields. Salespeople
may specialize in the sales of specific products or services,
but salespeople may also pride themselves on their abilities
to "sell anything to anyone," like ice cubes to Alaskans
(although, the prospect of global warming might normalize
that ability).
- Salespeople
usually are easier to acquire than agents, as salespeople
aren't concerned with you as much as with your products
or services. In many cases, you can be a voice on the machine
to a salesperson, as long as your merchandise and services
are easily accessible for sale and the paycheck arrives
on time.
- Agents
usually interview you like you're the one going for the
job (and for good reason, because you become their product);
however, you must also feel right about that agent's abilities
and his or her "fit" to your personality. On the other hand,
you interview the salesperson; although many salespeople
prefer to sell quality goods and services, so they may query
you about your merchandise and work ethic as well.
So do
you need or want an agent or a salesperson? Say that you carve
wooden chairs. If you want to sell your work to a gallery,
you might choose to find an agent. The agent who knows about
the carved wood chair market would know whether your work
appropriate to sell in galleries or in fine arts or crafts
stores. However, if you mass-produce wooden chairs, or if
your chairs don't interest an agent, then you might hire a
salesperson to peddle your wares to furniture stores. The
difference between the use of an agent or a salesperson in
this and many other situations often lies in how someone might
define your goods or services.
Another
example: You design and build Websites, but this activity
absorbs your time. Would you hire an agent or a salesperson
to sell your talents and services? You would hire a salesperson,
as your work is considered part and parcel of a business's
public relations/sales tools and not a work of art. However,
if you create digital art, you might rely on an agent rather
than a salesperson to sell your work.
The two
most cited reasons to hire a salesperson would be to 1) allow
you more time, and; 2) to expand your business financially
and/or into a new market niche. However, the addition of a
salesperson often takes more work than when flying solo, because:
- Salespeople
need time to learn about your product/service and to learn
about your customers. This is "down time," or time when
you may need to pay a person with little return on your
investment.
- Salespeople
also need time to learn about the way that you do business,
as the salesperson usually wants to eliminate problems that
may take time away from his sales efforts.
- Alternately,
you need to learn how your salesperson works, which means
that you need to spend time with that person frequently
to review sales results and goals.
If you
haven't spent time with the public to develop a customer base,
you may find that salespeople will balk at selling your wares.
This is one area where salespeople and agents are very similar.
Both agents and salespeople seek marketable goods, as "marketable"
means profits. But, some salespeople do venture into untested
waters - a place where agents don't dare tread - especially
if the salesperson believes he can sell your goods to his
already established clientele.
If you
feel you've come to an impasse with your business, then perhaps
the time is right to invest in a salesperson. You might have
good reason to hire one if you've recently:
- missed
a sale because your time or energy is exhausted
- recognized
a market for your sales or services, but you don't feel
comfortable about approaching that market
- felt
that the addition of a salesperson - provided it's the right
person - will more than pay for the effort and cost with
increased profits and an expanded market
While
these reasons may entice an introvert to hire a salesperson,
you might think about whether a salesperson would be interested
in someone who hasn't ventured outdoors for two years. Maybe
the introvert needs a business partner instead. More about
that possibility next week.
Until
Then,
Linda Goin
|
The BUYandHOLD website contains links to third-party websites on the Internet. BUYandHOLD provides these links to these websites only as a convenience to users of the website. Links on the BUYandHOLD website are not endorsements by BUYandHOLD or Freedom Investments, implied or express, of the linked sites or any products, services or links in such sites; and no information in such sites has been endorsed or approved by BUYandHOLD. Linked sites are not under the control of BUYandHOLD or Freedom Investments, and we are not responsible for the contents of any linked site or any link contained in a linked site. No information contained in the BUYandHOLD website or accessed through any linked site, or any link contained in a linked site, constitutes a recommendation by BUYandHOLD or Freedom Investments to buy, sell or hold any security, financial product or instrument. Information accessed through linked sites is not, nor should be construed as, an offer or a solicitation of an offer, to buy or sell securities by BUYandHOLD or Freedom Investments. BUYandHOLD does not offer or provide any investment advice or opinion regarding the nature, potential, value, suitability or profitability of any particular security, portfolio of securities, transaction or investment strategy, and any investment decisions you make will be based solely on your evaluation of your financial circumstances, investment objectives, risk tolerance, and liquidity needs.
Copyright
© 1999 2009 Freedom Investments. All Rights Reserved.
Freedom Investments, Inc. Member FINRA/SIPC
Privacy & Security
|