Tom: I really believe, Michael, if I can say this;
selling is an art form. Art begins on a blank canvas and then a
man or woman takes the medium, charcoal, oil, they paint
something that’s pleasing to the eye so the person that sees it
wants it on their walls and will exchange their money for this
art. Well, selling is an art form but you don’t use a paint
brush, you don’t use a blank canvas; you’re painting images with
your words and what you say in the mind of the person listening
to you.
Hi, this is Michael Senoff with Michael Senoff’s
www.hardtofindseminars.com. I’m really pleased and honored to
bring to you a very special interview with a legend in the sales
training industry. His name is Tom Hopkins. Tom Hopkins is
recognized as the world’s leading authority on selling
techniques and salesmanship. Over three million people on five
continents have attended Tom’s high energy, live seminars. Tom’s
talent of teaching in a creative and entertaining style has
brought him a huge following as well as constant demand for
appearances at regional and national conventions each year. Tom
Hopkins didn’t find success easily; he was born in Burbank,
California. He quit college after only three months and at 19
years old he was married with a baby on the way. He then took a
job in construction. It wasn’t too long before Tom decided that
this was not the way he wanted to spend the rest of his life so
he took a job that he thought was going to be easier and that
was selling real estate. Six months into his real estate career,
Tom’s income was only $42 a month. He realized at this point
that he was not making any money in sales because he didn’t know
how to sell. He had discovered that all the top producers in
sales had extensive sales training. So he set out to learn
everything he could about the profession and how to do
professional selling. With the drive he had, the determination
with his back against the wall and the knowledge, Tom Hopkins
was able to build his sales volume to over $14 million within
five years. In 1976, Tom founded Tom Hopkins International, Inc.
and he’s since then has dedicated his life and his company to
teaching and inspiring others through his seminars, books,
audios and video training programs. Today over 35,000
corporations and countless professional sales people through the
world utilize his professional sales training materials. So in
this interview, you’re going to hear me grill Tom Hopkins for an
entire 60 minutes. We’re also going to field questions from some
of the students from www.hardtofindseminars.com. There’s a lot
to cover and this interview is the kind of interview you need to
listen to three or four times. Every time you do, you’ll learn
something new that you hadn’t during the time previous. So let’s
get going and I hope you enjoy.
Michael: What is selling and how does it differ from marketing?
Tom: In my opinion, let’s reverse it. Marketing is the plan to
get the product to the consumer at a profit. That’s the overall
plan of marketing. See, selling is the going out with the plan
and presenting it at the point of sale. Now, of course, if you
like a great retail outlet, they have their locations, their
leases, their products and services and they advertise and they
try to drive people in to their locations. Then when the person
comes in, they need a person that’s a representative called the
sales person, and that is when the selling starts. So the
marketing gets the plan out and the sales people implement it by
prospecting, by qualifying and presenting and closing sales.
Michael: How about negotiating; how would you say selling is
different from negotiating?
Tom: Well, it depends on the product or service. There are some
products that the negotiation process plays a major role in the
actual presenting of the product. But most sales people don’t
really negotiate as much as they do their best to lead the
person that should own the product to say yes, and take
advantage of the opportunity.
Michael: Were you successful as a sales person when you first
got started?
Tom: No, to the contrary. I had a lot going against me. I was a
construction worker right out of high school and after a year of
that, I thought I’m going to try and do something else. And I
went and got a real estate license and I was kind of unique to
be 18 and going into real estate. Back then it was a real
middle-age man’s business; there were very few teenagers and
women in the business. And so I got my license and started but I
had a lot going against me. I didn’t have a car when I got into
real estate. I was riding a motorcycle and I needed to make some
money to get a car and then all of a sudden, in six months I’d
only made one little sale and I always tease the audiences that
I didn’t really make the sale; I was the only one in the office
and the man wanted the property and he even helped me fill out
the darn forms.
Michael: You got lucky.
Tom: I got lucky. Here’s the thing that I try to get people to
realize. There’s some truth in the fact that if you are ready, a
teacher can appear. And that teacher, if you become an avid
student of their training, can then take you and get you to
become a professional. Well, that’s how it happened to me. I
wrote a check for the last $150 I had in the bank and I went to
see a man that many people in sales today don’t remember. His
title was the Guru of American Selling back in the 60’s and
70’s.
Michael: Who was he?
Tom: Jay Douglas Edwards. And Mr. Edwards had a record, this was
back before VHS and before cassettes, but he had a record called
“Closing the Sale; the 13 Basic Closes” and all of us in sales,
especially us in commission selling primarily, we listened to
his techniques, his strategies and then with this $150 I went to
see him in his three day program. There was a competition to see
who could learn all the phraseology and I slept two hours a
night for two nights and memorized and won this little award and
that was my start. I took off after that. I had six months of
failure and then went to this training and my Boot Camp is very
similar to what Mr. Edwards put me through. I mean, you had to
study, you had to compete. It was like a mental going to Boot
Camp, if anyone listening is aware that it’s a tough,
disciplinary program. And that’s kind of what I do with my
training; make people learn the words, say the words and then,
of course, have a better presentation, a better way of handling
people.
Michael: So what was the most difficult part for you as you grew
into a professional? What really was tough for you to take on?
Tom: At first it was getting them to really listen and take my
advice because again, I was so young, people coming into the
office when I first started and the first question was, is your
father here. And of course, I then had to convince them that I
had a real estate license, that I was an agent, and anyone
listening to us right now that is very young, let’s say anywhere
between 19 and 23 or 24, you can do extremely well in sales, but
you have to have in-depth knowledge. So you can be young, and
they’ll like to do business with you because they’ll see you’re
a young hardworking young person, but if you don’t know the
answers to their questions; if you can’t come across as a
professional in your presentation skills, they’ll probably look
for someone else to do business with.
Michael: How were you able to hone your skills over the time
other than that one Boot Camp? I mean, were you a maniac when it
came to studying and mastering sales?
Tom: Well, I was and I worked very, very hard. That’s another
thing. I only took three days off in my first three years in
real estate. And those were Christmas days. But I had a
commitment; I was going to prove my father wrong when he didn’t
think I’d amount to anything because I didn’t go to college. And
so I worked very, very hard. Now that three years of seven days
a week allowed me to build such a momentum and such a nice
amount of sales and referrals that the fourth, fifth, sixth,
seventh and eighth year I could put in less time and make more
money because I’d built the foundation. See, some people in
business, they don’t want to put in a committed amount of time,
of fanaticism to build the business. And you almost have to.
Anyone who I have seen become successful, I think one of the
greatest examples that most people in the United States are
aware of is P.F. Chang. Paul Fleming I met when he opened up his
first Scottsdale, Arizona P.F. Chang’s; the very first one. And
I fell in love with the food so I keep going in there and I saw
this man sit at the end of the bar all day long, all evening
long, reading the newspaper, watching and finally I went up to
him and said I’m curious; I’m in business here in the community
and I’ve got to tell you I love this place but you’re here all
the time. He goes, I know you come in. My name is Paul Fleming.
I said you’re the P.F. in P.F. Chang. He said yes. I said well,
my goodness, you are here all the time. And he says I’m going to
quality duplicate everything we do in this restaurant around the
United States. And of course, that’s what’s happened. There are
over 150, I think closer to 175 now, P.F. Chang’s and of course,
he’s taken his bundle and left. But it took that fanaticism and
time and effort to get that whole restaurant operation up to
where it was.
Michael: So you say, there’s no free lunch; you’re going to have
to do the work, make the calls, and be willing to fail.
Tom: You’ve got to learn to love rejection when you start. And
it’s a game you have to play. It’s not fun but I will say this;
I’ve learned over the years those that take the biggest risk get
the biggest rewards and those are the people that are willing to
put their ego on the line and are willing to suffer the possible
failure/rejections that life brings to you and keep your
attitude while you’re doing it, eventually they will become
successful.
Michael: When you were young, were you married with a family or
single?
Tom: No, I married very young. I married my high school
sweetheart and we right away started having babies. So I had
three children and again, that was another thing. I did take the
kids out a lot with me on appointments but that first three
years, they were little babies and toddlers and of course, I’d
hug them and squeeze them and let them know daddy loved them,
but I also said, hey I’ve got to build this business. And of
course, today they’ve grown up and have their own kids and it’s
amazing how much of what I taught them they’re teaching my
grandkids.
Michael: Right, but your back was against the wall. You had to
do it.
Tom: I really did. Without an education back then, even more so
today; I was an iron worker carrying steel on bridge decks out
in California and it’s the hardest physical labor on the planet.
And I did that for a year and of course I’m only 5’7” but I
always tease the audience and say I was 6’2” when I started
carrying steel. I knew I had to do something else. Anyway, I
luckily found the real estate business and I hope everybody
that’s listening is fortunate to find their niche in life. And I
define the niche in life as finding a business that brings you
an income that is not work; it’s something you just love to do.
And the money becomes a byproduct of how well you do it.
Michael: Yes, that’s smart. Who were some of your other mentors
that really influenced you?
Tom: Well, on the attitudinal side, it would be Earl
Nightingale. Earl created again, a program called “Lead the
Field” and his recordings I invested in every month and he was
very inspirational in the attitudinal part of my life. The sales
skills was Jay Douglas Edwards and another man named Larry
Wilson. And Larry Wilson founded the Wilson Learning Institute
in Minneapolis, Minnesota many years ago; maybe 35 years ago,
but was one of the most dynamic instructors, trainers and I just
in a way copied those folks until I made it all mine. And then
of course developed my own skills and then taught it to others.
You’re listening to an exclusive interview found on Michael
Senoff’s www.hardtofindseminars.com.
Michael: What do you think, Tom, is the most effective and
economical way to sell now with the Internet and everything? Any
feedback on that?
Tom: The Internet and electronic transactions and all of this is
wonderful, but I totally believe and most especially your larger
products and services, that people want to do business with a
human being. And I really believe they may shop, they may get
their prices, they may compare on the Internet, but I also feel
a lot of them will walk into a nice location and want someone
there to help them and serve them and help them with their
process of the purchase.
Michael: You know, your web site is pretty extensive and it’s
pretty personal. You have videos, you can go to your site,
www.tomhopkins.com, and really get a feel for who you are. Have
you found that to be effective and how are sales of some of your
higher end products and your trainings going since you’ve had
your on-line site?
Tom: I think what it has done definitely is given me a chance to
talk to more people and contact more people and it’s done well.
It’s replaced a couple seminars a month as far as our growth,
which is good for me because I’m trying in a way to wind down
and not do as many as I’ve always done. I have a personal goal
that you may not be aware of, but there’s never been a speaker
or motivator or trainer, whatever you want to call us, that has
done 5,000 one-day seminars in their career, and I’m at 4,586
and I have a goal to hit that 5,000 mark and when I do that, I
think I’ll have a legacy of training that I can be very proud to
leave. And then, of course, just do my passion, which is play
golf.
Michael: That’s great, so after 5,000 you want to kind of slow
it down and get off the road?
Tom: Yes, I would think that would be very true. Based on the
number of dates I do a year, if I continue at exactly my pace
today, I will be right at 72 and I think that’s the age when I’m
going to be saying, hey it’s been a great ride, I’ve trained
5-6,000,000 people in sales so it’s time for me to take the
clubs out. And that won’t be easy for me because I love the
teaching so much. I watch Zig Ziegler, I was with him last week
and he just celebrated his 80th birthday and he still gets up
there with the power and the excitement. I was 21 when I went to
see him for the first time so there’s an example. I think age is
so much in the mind and I think people will respect you if
you’ve been around a lot of years, especially I update my
training. I go out with some of the top producers out in the
street today, kids in their 30’s and 40’s and I pick their
brains and then add that training and give them credit, but
teach their techniques. So it’s always being updated.
Michael: Yes, you’ll probably reach 5,000, you’ll retire and
then you’ll say I want to get back on the road in front of the
people. It happens all the time.
Tom: I hope not, Michael. I don’t want to do that.
Michael: That’s a lot of time on the road. I don’t know, do you
get used to being on the road that much?
Tom: Well, let me say this; when I first started doing the
seminar business 30 some years ago, travel was a snap. We’d show
up an hour before the flight, go through no security, jump on
the plane, and there, boom. Today some of the major airports,
their security is so long. I’ve been an hour and a half or two
trying to get through security. That is stressful. The travel is
the toughest part of my work. Once I hit the stage, once the
audience and I take off together, it’s just wonderful and that
six hours goes by at a blue. But the getting there and the
hotels and that, is very, very tough. Fortunately, I’m blessed.
I have a man that travels with me, his main job is to take all
of the details and have the room set, the lighting, the audio,
all the video, everything’s set. So when I come on in the
morning, I don’t have to think about those details, which has
been very, very helpful.
Michael: Tom, because of the Internet, are you seeing out there
in the public that people are spending less time face to face
doing personal selling and falling back on that impersonal tool
of the Internet?
Tom: Yes, I am and it’s kind of sad in a way. You know, anytime
that many sales people can avoid the chance of being personally
rejected, they will follow that course. And I have always had a
belief that the eyeball to eyeball meeting a client, a future
prospect, I think is the finest way. I try to tell realtors
today that they still need to go out and visit with neighbors
because timing is part of success. You can go up the street and
talk to the folks, let them know you’re in business in the
community and you’d be amazed at how all of a sudden you’ll hit
someone who’s just received a transfer notice and they were
looking for a realtor and there you were and bingo you’re doing
business.
Michael: How do you think government regulations and laws that
are going into effect now and in the future, like the do not
call list, and I know in California there’s some laws with
people in the professional services industry before they meet a
prospect face to face they have to send a letter. Have you seen
out there any frustrations from sales people with these
regulations that are making it more difficult for them?
Tom: I have, but again the people that don’t want to go out and
prospect, they love the regulations because it’s a cop out. One
of the things I’m teaching and again, this is one of the ideas
I’ve been working on teaching, is when a person does business
with a client, they get a letter from that client and if the
client actually asks them to visit with friends and neighbors
and they were so pleased with what you did, that they’ll help
you meet other people. Now my real estate buddies, you can get a
letter from a seller and a listing is an employment agreement
with a fiduciary relationship that you must do what the seller
asks you to do. And you get a letter from the seller saying, Mr.
Hopkins, it’s come to my knowledge that the average home sells
to a person that lives within six blocks or a friend of a person
in that area, and I’m asking you in writing as your employer
with this listing agreement, to go visit at least 100 people in
a six block radius and let them know that we have a property
that’s available, it’s a fine value and see if they have a
friend or relative. Now you get that in writing, that does away
with the do not call or the do not knock, which is what you call
it when you make cold canvas.
Michael: That’s a great technique. Tom, in your book Selling for
Dummies, you outline seven steps of the sales cycle;
prospecting, original contact, qualification, presenting,
addressing concerns, closing the sale and getting referrals. Out
of this cycle, where do you see most sales people making
mistakes?
Tom: Oh boy, it depends on the person. I’ll give you a quick
overview. The prospecting is the key because activity in making
contacts will result in increased sales and productivity. I had
a graph for five years and if the contacts I made, both in
person or on the telephone, were down this month, meaning I
wasn’t having the activity up, my productivity and sales were
down the month or two after. Then of course if I increased my
activity, my thank you notes, my follow up, my calls, then of
course it would pick up the next month or two. So again, the
activity; for most people, prospecting is their biggest
challenge. That’s why I’ve tried to create some ways that you’re
not really putting your ego out there in the way you prospect.
You’re doing it in a real nice way. The second thing, original
contact. Well, people judge you in 10 seconds verbally and
visually, so if you don’t look sharp, smell good, come across
professionally, they can be looking down their noses at you and
I’ve taught this, Michael, for years. The real secret to selling
is to develop not only the personality, but to develop the way
of doing business where people like you and trust you and then
they want to listen to you as an expert advisor in your industry
rather than a salesperson.
Michael: Yes, because if they don’t like you and trust you,
you’re not going to get any further.
Tom: No, nothing works. And that’s why, you know, all these
little trite sayings, work harder on yourself than you do on
your job to be a person that relates to more people, they all
will always be true and those will always be true in business.
Michael: Maybe that kind of rolls into this next question. What
do you mean by selling is all in the attitude? How important is
attitude?
Tom: Well, you know I’ve always had a little saying: attitude is
everything in a way. If you’re down, people sense it. If you’re
not excited about your product, they pick up on it. People say
yes to an offering to exchange their money for a product, a
service, be it an automobile, be it a copier, be it real estate;
they will say yes based more on a person’s conviction and belief
than they will on the technical skills. So the first thing a
salesperson has to do is find a product they really believe in.
I’ve had people at seminars come up at a break and go, you know
Tom, I read your book and boy, I bet you could sell anything.
And I stop them and say, you know I don’t think I could. I
really would have to have a burning belief in the product or
service and not just the product, but the benefits the buyer
will get after they own it. And that’s where I think my
strengths came from in the real estate business. In my eight
years I loved the business; I closed a lot of home sales to
people that didn’t think they were going to buy but when they
saw my excitement to have them take advantage of the American
dream, the pride of ownership, they said yes to the purchase. I
had one guy, Michael, this is cute, about oh, I’m going to say
about two years ago. I was in San Francisco doing a seminar and
at the afternoon 3:00 break, a guy comes to the stage, he says
Tom, you don’t recognize me, I’m sure, but and of course I
always try to remember people, but when you meet so many it’s
not easy. And so I said, well tell me about you. And he says,
well my wife and I in 1968, now keep in mind how long ago that
was, walked in to your real estate office and we wanted to rent
a home because very little money and you sat us down and you
talked to us about the exciting opportunity to maybe own a
property, how there are properties in the market that maybe need
a very small initial investment and that we could get you in to
and bottom line, I had a builder, JBR Developer was the name of
the company, who had four or five repossessed homes sitting
there. And I worked out an arrangement where these people put in
a very small amount, moved in almost like first and last month’s
rent, then every week I would take X dollars from them to the
down payment and a year later, they bought the home. Now here’s
what’s funny; they paid $21,950 for the home in ’68; three
bedroom, 1 ˝ bath. Today the house is worth almost $400,000 in
California. And of course, he said, Tom the greatest equity
we’ve ever is that one little home. And we’ve now paid it off
and it’s the best thing that’s ever happened to us. So those are
the things that may keep me doing this.
Michael: Yes, I mean stories like that, when you think you had a
major effect on that guy’s life, that’s got to feel good.
Tom: Oh, it’s great!
Michael: What about people who are working for companies and
they’re moved into sales positions or that’s part of their job
and they don’t totally believe in the products that they’re
selling but because it’s their job, they have to I guess to
maybe pay the bills and pay the rent. What would you say to
them?
Tom: Well, I would say first of all, that’s a real tough way to
live. To get up in the morning dreading what you’re doing; to
get up in the morning not excited to go and do the job. That’s a
tough life and I’ve always believed you have one life to live,
you might as well find what you love to do. And what I would
suggest they do is set a goal, they have to make a commitment to
have enough money to live for say six months without having to
earn money, and then they can get out of that job and spend some
time with no pressure to find something they really want to do.
But another challenge we have is many people don’t think they
can sell and the sad truth is, those that don’t think they can
are often the best because they don’t come across like the
stereotypical image of a sales person. See 96% of the American
population don’t really like sales people. So the key is to not
come across verbally or visually as a sales person. More a real
nice person, nice smile, good firm handshake, don’t forget their
name and do a good presentation, establish that rapport, and
another thing is you’ve got to keep in touch with people.
There’s almost a sad truth about the field of sales that the
average person is always looking for new business and neglects
their existing clientele. And their existing clientele can not
only do more business with them but can send a lot of referrals
if you keep in touch with them.
Michael: I know, so many people do that. Why is it we’re always
after the new customer, the new customer and we ignore the old
one?
Tom: You know, I think it’s human nature. I made a decision when
I first got my real estate license and started making a little
money, that I was going to keep in touch with every person that
either listed their home with me or bought a home from me, six
times a year. And for the folks listening, regardless of your
business, you’ve got to set a goal to contact existing clients
in one form or another; either by mail or email or by a personal
visit or a hi, how are you doing telephone call at least six
times a year. And that will keep them in front of you and you’ll
be in their minds because they keep hearing from you. And I tied
a lot of my follow up, Michael, to holidays. You know, I tried
to be different than anybody else. For example, Halloween 1965 I
went and bought 500 pumpkins and I handed them out into a
neighborhood and put a little note on the top, when you carve
this up think of me if I can ever serve you. And of course I got
people calling me saying thanks so much, my kids have been
bugging me to get a pumpkin and it was really a nice gesture to
have it on our front porch. So little things like that. I also
believe the handwritten thank you notes will work better today
than they did back in my early days because, again, we have such
a lack of real personal contact and a handwritten thank you
note, really I think, will go a long way today.
Michael: Let’s talk a little bit about research. How does one
get the information that need before they go in on a sales
presentation?
Tom: Well, the first thing I think you need to do is you have to
really answer some questions before you decide what the best
product is. Now I use this formula, Michael, I developed as an
acronym and if you can picture the world NEADS, but it’s not
spelled N-E-E-D-S, it’s spelled N-E-A-D-S. Now every letter is
the information you need to gather before you decide on the
product and then present to the decision maker. So the N stands
for now; you’ve got to do research on their existing situation.
What do they have now because the average American doesn’t make
drastic changes in buying decisions? So you tell me your past
and that gives me a good inclination about what we’ll do in the
future. The E in NEADS stands for enjoy. I’d like to know what
you liked about what you have now because that you’ll want
again, or something better. And the A of course, stands alter,
and it’s a word I use because it fits in the acronym, but what
would you like to change, alter or improve about what you have
now? Then the D in NEADS stands for who is the decision making?
Many people in sales are presenting to the wrong person. Without
doing some qualification questions to find out Mr. Johnson, if
we’re fortunate to serve your company’s needs with our copier, I
know you’re probably going to be talking to some other folks,
which is great. Who other than yourself would be involved in the
final decision? That one question is so important. And of
course, the S in NEADS is solution, and that’s really what we
come up with. We find out the NEADS; now, enjoy, alter,
decision-maker and we come up with the solution. So that’s the
NEADS formula to find out what they should say yes to.
Michael: That’s great; thank you for that. Tom, what culture do
you think American’s have the hardest time selling because of
culture? Who are the toughest buyers that you’ve found?
Tom: The Orientals are the toughest because they just have this
ability to want to negotiate but they won’t let you know where
they are coming from. It’s almost they’ve been raised to hide
emotions; they’re not going to let you see any buying signs,
warming up. I’ve found in my eight years in the street in sales
that the Oriental, the Japanese, these people were the toughest
because of lack of showing me how they’re feeling emotionally. I
would say the self employed because they’re risk takers; those
that own their own little companies. In fact, many of my top
sales people in other industries, because we can relate to each
other, and sales people are the easiest to sell because we just
are. I mean, I have to be so careful. My wife says, honey we own
enough stuff, will you quit saying yes to these people? So I
have to work on that myself.
Michael: When selling face to face, like consulting services for
example, what have you found is the most effective way for
delivering facts or a presentation?
Tom: Well, first of all, if we were to talk let’s say financial
services to a family, and I’ll just give you an overview to show
this. My job is to take your money that you’re spending now and
with a computer, analyze how we can reallocate the money you’re
spending, how we can get you a better death benefit in an
insurance program, how we can then get you into a mutual fund so
you can get a nice return on your money, and so that’s my goal.
Well, the key is to find people who, again, have the need and
then you have to first of all, I think, present it in such a
way. And I think people have to relax people. Kind of like this,
Michael, if I was sitting in front of you I’d say, Michael let
me just begin by thanking you for the time we’re going to share.
I hope we can consider our time as somewhat exploratory as to
what we can do for you. Our goal is to basically do two things;
reallocate your assets so that you eliminate debt sooner and
give you a chance to get a higher interest return on the money
we invest. Now do those two things sound good to you?
Michael: Yes, they do.
Tom: Well, of course they do. Every question they’ve got to
really want to say yes to. So the first thing I’d like to do is,
let’s talk about your situation now and if you wouldn’t mind, I
don’t mean to be personal, and by the way, when you’re ever
talking money with people, you folks listening, always say not
to be personal, because that relaxes them and now you can become
somewhat personal because you said I don’t mean to be personal
but I’ve got to ask you some financial questions just to see how
everything I’m going to be discussing fits into your life.
Michael: That’s great; so are you saying that listening is
really important?
Tom: Oh, it’s the key. Asking questions and listening is 10
times more important than talking but the challenge with the
people that go into sales, most of them are great talkers, and
so they just talk too much and listen too little.
Michael: Have you found that delivering facts in presentations
can create unnecessary objections?
Tom: Well, it depends on the person. There are some buyers, I’m
one of them, don’t bore me with a lot of facts; let me see what
it’s going to do for me. I’m not real fact-oriented as a
temperament and personality; I have other people that I know
that they have to not only have the facts, they’ve got to do so
much research, they have to do so much shopping, and I’ve always
kind of been an emotional buyer. If I like it, if I see a suit
of clothes that I like, I’m not going to fight the money. I’ll
try to get a good buy of course, but it depends on the
personality. And there again, I get to know people after doing
as many years at the table with people, you almost get a feeling
as to what’s going to happen in the future because you’ve been
with so many people.
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Michael: Can we talk a little bit about prospecting through the
phone? What’s something important that your telemarketers,
people who are doing cold calling, can you give some tips that
would help them get through to the actual decision maker rather
than the blockers?
Tom: Kind of like, Michael, if I called you. The phone rings,
you pick it up and you greet me and I say my name is Tom Hopkins
and I’m in business in the community, as I know you folks are as
well. The company I represent, management has given me an
assignment. They’ve asked me to call people in the area, let
them know about some exciting things we’re doing, and so I
almost have to in order to keep my job, make this call so let me
apologize for any intrusion or any inconvenience but could I ask
you two quick questions so I can make my company happy?
Michael: What about the people who are going to smell a salesman
on the phone? Because they’ve all gotten these survey calls and
they know it’s either a survey or someone trying to sell
something?
Tom: That’s just part of the business. You’re going to have some
people that hang up, some people that are mad; that’s why it’s
so important you start as fast as possible to say, it’s part of
my job to make this call and I earn my living and feed my family
by calling folks. Please, if it’s not right for you I’ll
understand, but can I do my job and just give you a few ideas
about what we’re doing in the community?
Michael: Where do you think this stereotype, this negative
perception of sales people came from and why is it still so
persistent?
Tom: Here are some figures you can about take to the bank. There
is a third of the United States sales people coming in to
selling a year; there’s a third that will always stay, they’ve
been doing it all their lives and love it; and there’s a third
every year that leave. Now the challenge we have is, that third
that comes in, if they’re not professionally trained, and many
companies have no training, they just kind of say, okay, there’s
your territory, go out there and see what you can do. And the
poor person walks in to terrible situations. So we have
untrained people that say the wrong thing and a lot of us have
been sold things that we don’t like. Many times we’ve had people
in sales that have maybe told us an untruth. And anyone over 40
has had some type of bad experience in a selling situation. So
once any feeling toward selling starts, they relive that
experience and that’s why there are some people that are very
abrupt and kind of nasty in the beginning. You just can’t take
it personally. When someone rejects you in a presentation, it’s
not you as a human being; they’re rejecting that the timing
isn’t right, the opportunity isn’t right, the proposal’s not
right. And so you’ve got to just get a thick skin, and it does
take a thick skin. And you’ve got to make the numbers. Because
selling is a numbers game until you build a referral base.
Michael: I do have a question for Tom and it relates to a
comment made during your recent interview, Michael, with a
negotiating expert as well as many other sales trainers who
contend that scripted presentations and closes are no longer
effective as business professionals are now too advanced to be
affected by these techniques. My question is, Tom, I am
interested in how you respond to those who say that some of the
techniques are passé’ and can’t be used on sophisticated
prospects.
Tom: And I wouldn’t disagree with that. One of the things I’ve
always taught is, you have to internalize your presentation. It
has to be able to be adjusted to the person across the desk or
table. There are certain fundamentals that you will always
cover; the introductory statement as I did with you earlier. I
think that sets the stage with a thank you for letting me be
with you, letting them know this is somewhat exploratory. Then
again I think you have to be real flexible as to your
presentation. Now I’ll guarantee if there’s anyone listening to
me right now that makes over a quarter million dollars of income
a year who’s been out in the field of sales for more than five
years, I will guarantee you that if we strap the tape recorder
under their shirt or blouse and went out and listened to what
they say to people both on the phone and in person, you would
see and hear very, very similar things every time because they
have honed their presentation. That’s how they make a quarter
million dollars a year. It’s not scripted, it’s something
they’ve said so many times it becomes a natural part of them.
The last thing I try to teach is that you memorize some words
that are not sincere or not you. But you do have fundamentals
and it’s just like if the buyer said to me, you know Tom, it’s
more than we want to spend. Well, the proven fundamental is to
say, I appreciate that; our company is somewhat flexible as to
what we offer. You’d sure help me out, though, Michael, if you
could kind of tell me about how much too much you feel it might
be and let me see if we can’t go to work together, okay? See
that’s gentle and nice but I’m getting a figure that you and
your wife didn’t want to pay over $30,000 for the swimming pool
and we came in with a proposal for $32,000 and you were going to
negotiate with me to get $2,000 less off the pool and once I
have you committed to the money, I then know you want the pool
and all we have to do is help you, your wife, those three lovely
kids that will bring friends to the home instead of being out at
the mall, who will enjoy the summers in the pool, who will be so
pleased that you went and sent us additional $2,000, which most
of my happiest clients, Michael, they enjoy their pool for about
ten years. Which really breaks down to about $200 a year, and if
you took a two week vacation, that would break down to about $4
a week, and of course, for under a dollar a day, less than a can
of pop, you’ve got your pool. Does that make sense?
Michael: You’ve got to really help them see it in their mind.
Tom: That’s right; you have to with words. I really believe,
Michael, if I can say this, selling is an art form. Now I happen
to collect art. I’ve been investing in art for over 25 years. I
have a passion for both realistic and surrealistic art; I love
them both. I love a seascape, I know that’s what it is, but I
love a Chagall or a Picasso or a Salvador Daly where you’re not
sure what was happening when they painted it. But I also have
the appreciation of that type of art. Well, see, art begins on a
blank canvas and then a man or woman takes the medium, charcoal,
oil, they paint something that’s pleasing to the eye so the
person that sees it wants it on their walls and will exchange
their money for this art. Well, selling is an art form but you
don’t use a paint brush, you don’t use a blank canvas; you’re
painting images with your words and what you say in the mind of
the person listening to you. Just like, for example, there’s
words you can’t say to people like the three letter word buy.
You know, Michael, when you buy this product . . . right away
the word buy smacks them. And they’re thinking we’re not here to
buy; we’re just going to look. So you say the word own
constantly instead of the word buy. Or the word contract.
Contract scares the pants off of people, so you never, ever call
it a contract. You just ask if you might draft up your feelings
on the paperwork to just see if going ahead even makes sense. So
again, it’s an art form but the paintbrush is your mouth and
your words. Painting pictures of ownership where the money they
pay is less than the benefits they’ll get when they take it
home.
Michael: Very good; here’s a question from Jim Peak from
www.mysuccessgateway.com. Tom, what is the state of the sales
training and personal development industry today and where do
you see the future heading?
Tom: Well, I know when I first started doing seminars there was
only about 15 men and women that were nationally known as to
seminars. And most of them were not “how to” sales trainers;
they were more motivators. Augman Dino, for example, a prolific
writer, he was famous. Earl Nightingale, J. Douglas Edwards,
Paul Harvey before he got his radio show was doing motivational
seminars. So all these folks, there was 15 of us. Today as one
of the founders of the National Speaker’s Association, there are
over 4,000 members that have on their cards they’re professional
speakers. And the sad truth is, Michael, there are people that
you don’t know how good they are until you hire and pay them.
And then if they’re no good, your company has a black eye
because you spent the company money and had someone who was not
a competent presenter. Never ask how much something is without
saying I’ve got make sure I offer quality in my company or I
look bad. So I think the future is wonderful for our business. I
have so many people come up to my seminar stage and say, Tom I
want to do what you do some day. I know; you know a lot of
people. The first key is to set a track record that people know
you have credibility, know you’ve done what you’re teaching them
to do, and if you’re 100 pounds overweight, don’t talk about
goal setting because that’s not your subject, because you aren’t
living it. And that’s another thing; I think people have to live
as an instructor of that which they teach.
Michael: Beverly Smith wants to know what would you determine to
be the hardest and biggest challenge in sales, Tom?
Tom: Staying up when you’re just been beat up. Selling is a
cycle business and it’s amazing; you’ll have a time period where
everyone you talk to is nice. Everyone wants to meet you,
everyone is pleasant, you’re closing lots of sales, you’re
making good money. And then you can just hit a period where
everything is the opposite. People are fighting you, they don’t
want to meet you, they don’t invest in the product. Now you get
timid, you get shy. And that I think is the biggest challenge is
to stay up when you really don’t feel like it. I had a seminar
in Tai Pa and I flew of course twenty-some hours to get to the
seminar and I caught a bug and I was, I don’t want to say
deathly ill, but I could hardly stand and I had the promoters
and I had a full six hours to teach. And I had them bring a
chair in, a bar stool that was nice and high, and I just let the
folks know that, hey I’m just going to sit and visit with you
today; here’s your workbook. And believe me, that was one of the
longest six hours of my life. But a pro has to go on; a pro has
to perform. And I think people in sales have to give their best
day every single day regardless of how they feel.
Michael: That’s great; Richard Emmans, an HMA Consultant in
Grant Pass, Oregon wants to know, are effective selling
techniques universal across all industries and in all age
groups?
Tom: Pretty much but they have to tailor made. It’s kind of like
words. If I were with a 60 year old couple and I’m 28, I am not
going to use words like awesome or gnarly about the product
because I’m not relating to their culture or their age. I had
people, when they first met me, when I was 23 or 24, I was doing
pretty good, this 65 year old couple, you could see the little
dubiousness in their eyes when they first met me. But again,
after an hour or two with them, they’d start warming up and I
had many of them say, you remind us of our grandson. You know,
we’ve got a grandson that’s 23; how old are you? I’m 23, as
well. Again, I think it’s the way you relate to people. So I
think that the training is universal. Of course, when I go to
Australia or New Zealand or Singapore, Malaysia, I spend a day
out in the field with a top producer so that I can culturize my
presentation because I think too many Americans go to a foreign
country and they want to tell a person, this is what you need to
do when I think I’d rather share what works for us, but here’s
an idea to tailor make it to your culture.
Michael: This is a question from John Lamb, Tom. I’m an engineer
and I talk to the computer more than people. I don’t know how to
sell whether it’s real selling or just selling myself in an
interview. Seriously, can sales skills be taught and how?
Tom: That is a myth, Michael, I have fought all of my life. And
the myth is that there has to be natural born sales people and
that the people that aren’t don’t do well in selling. Now, I’m
going to share something real quick. There’s an interesting
extrovert personality and an interested introvert personality.
This engineer, I’ll guarantee you, leans towards being the
interested introvert. Now, the interesting extrovert is the
outgoing, gregarious, talkative person who gravitates into sales
normally. I mean, everybody says, man you’ve got a mouth on you;
you should be in sales. The engineer technical specialists, they
have a tendency to feel that they couldn’t sell because selling
feels like it’s uncomfortable. And that’s why I try to teach
people that are like our engineer friend that if you learn the
art of questioning, you come across real sensitive and with your
timidity and a little bit of fear, people respect that. I’d much
rather do business with an interested introvert than an
interesting extrovert. And, Michael, some of the men and women I
teach, and they make $700-800,000 a year as the highest paid
person in a 1,000 person company. You meet them and you go,
golly they don’t come across like they’re that powerful. Well,
they aren’t. They’re just master questioners and great
listeners. And in my books the main thing I talk about is ask
questions, don’t tell people what to do.
Michael: So people who want a career and they want to make a lot
money, can you think of a career any better than sales, if
they’re willing to do the work?
Tom: No, I think if a person will become a good student, number
one, find something they love to do, number two, then become
very coachable. Many people aren’t coachable; they don’t listen
to what the company says works. They try to re-create the wheel
and I think you have to take what the company that’s been 25
years in existence knows works and you have to make it yours and
internalize it. And that I would think is what’s one of the most
important things. Work harder on yourself, as I said, to learn
your skills and I really believe that if the engineers can sell
themselves on selling, they will really do well in that
industry. But you do need to study. I wrote a book called, “Low
Profile Selling; How to Act like a Lamb and Sell like a Lion”. I
wrote that book, for people that are not the traditional
sales-type personality and it’s a softer, gentler approach. But
it’s the questions that make it all work.
Michael: How many books have you written?
Tom: 13.
Michael: 13; and who are your publishers? Do you have one
publisher?
Tom: Time Warner is my main, but a lot of them I self publish
and the reason I do like the Dummies books, I don’t publish
those that are in all the stores around, but I have three
Dummies books, “Sales Closing”, “Sales Prospecting”, and
“Selling for Dummies”, but most of my books we market at our
seminars and that’s our greatest outlet. But of the 13, I think
one of my favorite books is “Low Profile Selling”.
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Michael: What’s been your most successful book out of all your
books, sales-wise, numbers-wise?
Tom: “How to Master the Art of Selling”, which was my first book
in 1979. I think it really hit the book stores in ’80; it’s
approaching over 2,000,000 copies sold and that has been the
foundation, Michael, of my whole company is that first book.
Michael: Was that Time Warner distributed?
Tom: That’s a Time Warner, but of course we market a lot of our
products because if they call my 800 number, I can get their
name and personalize it and write a little note to them, which I
like to do and I think a book autographed by an author has a lot
more meaning than just a book that they order from a bookstore.
Michael: That’s great; are you still doing high end customizable
trainings for corporations?
Tom: Oh yes, I don’t think in the last 25 years there’s an
industry that I haven’t done a customized program for. And
that’s really the thing I like to do best is to take a company
that markets a product and they’re having a convention of 300
people and write a work-book where I actually customize the
whole presentation to their product and to me that is one thing
most people in my business don’t do. They pretty much have the
same talk or same presentation for everybody. But I love a
customized high end presentation; thanks for asking.
Michael: How is Nightingale Conan been with publishing your
audio products? Has it been a good relationship?
Tom: They’ve been fine. We don’t do an awful lot. That’s not one
of our main areas of marketing. The main area seems to be, when
I’m up on the stage with 1,000 folks that have come into their
seminar in Detroit, Michigan. We market product and I give them
a tremendous discount and everyone listening, we have a seminar
in almost every major city (our one day, not our Boot Camp), but
hopefully the folks will hear of us coming to down and maybe
come visit with me in person; I’d love that.
Michael: So you’re at all of your seminars.
Tom: Yes, I do all the training. Years ago I decided to try to
have a stable of teachers/trainers and got up to five other
folks that were teaching but the bottom line when all the smoke
clears, is we didn’t do much better and a lot of the folks
wanted me to be coming and teaching, so it’s got me now.
Michael: Yes, they want Tommy Hopkins; they want to see you.
Tom: Oh, that’s nice. If anyone calls me Tommy, they’ve been
going a long time with me.
Michael: Well, we’re out of time here and you’ve been very
generous and I know I’ve bombarded you with questions but I
think the content’s really important. It’s been a real honor; I
really appreciate your time.
Tom: Well, Michael, thank you and thanks to all of you that
listened and have a wonderful forever.
Michael: You, too. Have a great day.
Tom: Well, that’s nice; thank you. Well, my toll free number,
and we have people that their whole function is to talk to
people about Boot Camp, is 800-528-0446 and of course, my web is
www.tomhopkins.com and then of course, you would just go to the
seminar schedule and Boot Camp and they give you all the
information there. We have some great things happening, too. We
try to get people to bring at least five or six people to the
program, so you’re in a room, you have a team competing to learn
all the presentations, and so we give some great group rates.
And the people registered before August 8th, they can even save
a lot more money. And I know many of the people aren’t aware of
this, Michael, that Zig Zigler and Tony Robbins and a lot of
these folks that are nationally known, they get $2,500-$3,000
for a three-day event like this. And we, of course, get $1,095
and that includes a 60-page manual and that’s if they register
by August 8th, 2007. But if they want a brochure I’ve got a
beautiful four color brochure, Michael, they can just call the
800 number and say, hey send me that brochure on Tom’s August
Boot Camp and the dates for anyone that just might want to see
if they’re available, are Thursday, Friday and Saturday, August
23, 24 & 25 and the management session, we try to get managers
to come in a day early, is on the 22nd. And again, they can call
me or they can fax me; anything they want to do. Our fax number,
Michael, is 480-949-1590.
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