Webinar: The top ten factors selfemployed sales agents consider when choosing to work with a new company Founders Ryan Mattock Co-Founder Laura McGregor Co-Founder Content Creator, Customer Development/Support, Marketer, Growth Hacker LinkedIn Product Development, Visionary/Architect, Project Manager, Marketer LinkedIn Alistair Robinson Co-Founder Lead Developer, Sys admin, Toolsmith, Designer LinkedIn We started Commission Crowd to change the way companies manage remote sales teams and how salespeople build their independent careers. Our cutting-edge online office platform enables greater communication, task management, and overall productivity for everyone. It effectively eliminates the wasted time and resources that usually accompany remote working relationships. The networking and portfolio-building features of CommissionCrowd neutralize the risk of hiring freelance sales agents without any guarantee in their ability to perform. Because of this, the best self-starters are also able to take their careers into their own hands better than ever before. AGENDA • Overview & Industry Challenges • Watch Webinar: Understanding Self-Employed Sales Agents • Private Beta – Lifetime VIP Founding Membership • The top ten factors self-employed sales agents consider when choosing to work with a new company 1. Honesty/Integrity 2. Communication 3. Management attitude 4. Company Reputation 5. Commission Amount 6. Attitude around working with self-employed reps 7. Are samples provided 8. Professionalism 9. How long does it take to get paid 10.Customer service The Solution A lot of companies today are underperforming heavily because they can’t find the right salespeople, and find it too difficult to manage a remote sales team. It’s an enormous problem, because having the right salespeople with the right product to sell can easily mean the difference between success and failure as a business. CommissionCrowd instantly connects businesses to self-driven commissioned sales experts around the world, and provides a convenient platform for managing and communicating with them. It makes remote sales relationships easier than hiring an in-house staff. Marketplace Our challenge was to build tools that service both companies & selfemployed sales agents independently. BUT ALSO That were even more powerful when a relationship is created between the two. Two paradigms of design and development that are especially dear to us are responsive design and Rich Internet Applications. TECHNOLOGY = CommissionCrowd is being built as a Rich Internet Application with a client-side JavaScript framework, so that we can leverage the full power of modern browsers. What this means is that although you’ll get to our application through your phone’s web browser, you won’t have to wait around for those frustrating page loads once you’re logged in, because after that happens the full CommissionCrowd application will be on your phone’s browser already, and will last for your entire session. Of course, you’ll still need a connection if you want to access and save data, but (a) the screen interface itself will be as quick and responsive as a native app, and (b) downloading small chunks of data behind the scenes is orders of magnitude faster than reloading a web page. And (c) we also have secret plans to make things even better at a later stage by introducing more complete offline capabilities and data syncing for those on the We’re not going for new technologies just because they’re sexy; we firmly believe they’ll help us ensure that your day-to-day experience on CommissionCrowd is first-rate. The Solution Connect – Attract the best, expand and grow your business Manage – Save time, resource & money View All Features Here Collaborate - Eradicate confusion, save time & sanity Sell More - Better processes, opportunities & relationships Watch Now To Learn More When choosing an opportunity how important are the following factors in making your decision to contract with a new Company/Principal? Rating by Importance Communication Professionalism Experience working with self-employed reps Commission Amount Attitude with working with self-employed reps Company Reputation Exclusive (protected) Territories Sales Targets How much other reps are currently making Years in business The average close % How many customers How long does it take to get paid Customer retention Are samples provided Sales process How long is the average sales cycle Ongoing Sales Support/Training Is training provided Industry Quality of the training provided Personal investment requirement (samples, training etc.) Product/Service: Features & Benefits Management attitude Customer service Company culture Clear expectations Honesty/Integrity Lead generation provided Notes: • None of the answers were deemed un-important and all factor in somewhat in the decision making process • We will focus on the Top 10 by order of how agents ranked importance #1 1.Honesty/Integrity What does it mean to act honestly? • Acting honestly requires us to intend to be truthful, accurate and straightforward in all communications so that others are not misled or deceived. It prohibits stealing, cheating, fraud, deception and other forms of dishonesty or trickery to acquire anything including money, influence, unfair advantage, jobs, competitive information or the approval of others. What does it mean to act with integrity? • Acting with integrity requires us to treat our beliefs about right and wrong as ground rules for our behaviour and decision-making – that is, doing what is right even if no one is looking and not doing wrong even if you believe you can never be caught. It requires us to walk our talk and to make decisions that are consistent with our values, especially our ethical values. It involves the elevation of principle over expediency or self-interest. 1.Honesty/Integrity - Example CODE OF CONDUCT “THE POWER OF HONESTY - Integrity is the foundation of all we do. It is a constant. Those with whom we work, live and serve can rely on us. We align our actions with our words and deliver what we promise. We build and strengthen our reputation through trust. We do not improperly influence others or let them improperly influence us. We are respectful and behave in an open and honest manner. In short, the reputation of the enterprise reflects the ethical performance of the people who work here.” - Caterpillar 1.Honesty/Integrity – Take Away • Consider creating or reviewing your own business ‘code of conduct’ • Where does Honesty & Integrity live within your brand? • How do you define this in terms of your management, communication, conflict resolution, competitive conduct etc. • When drafting your opportunity wording how can you position it to encourage applications from sales agents who have similar values around honesty and integrity – thereby showcasing the importance to you. #2 2. Communication The ability to communicate, and communicate well, is one of the biggest factors in business success. • • • • • • • • • • Ask the Right Questions Be Professional Schedule and Prepare Thoroughly Speak, Pause, Listen Follow Up in Writing Ask for Feedback Address Problems Be Confident Prepare an Elevator Pitch Be clear and concise in written communication 2. Communication – Take Away • CommissionCrowd is building communication tools into the platform to help you stay organised and professional in your communication • Manage expectations and follow through • Your profile is your first impression. If a sales agents value communication then ensure your opportunity is written in a clear and concise way to showcase the value you also place on this #3 3. Management Attitude – Take Away • How you approach your relationship with self-employed sales agents Employee vs. Partnership • How you resolve issues • How you set and manage expectations • How you encourage and anticipate their needs • The respect you show them in terms of their value and time • How you understand their challenges and how they like doing business • How you support them and your clients • How you give and receive feedback • How you encourage, train, manage and empower them #4 4. Company Reputation • Just like your customers buy from you because of your reputation ; agents decide to work with you for similar reasons • CommissionCrowd is building in tools to help add trust factors from other agents so overtime your opportunity will stand out if you can build successful working partnerships with agents • It’s not just your company and products and services it’s also your management, support and any other touch point a rep has with your business that determines your overall reputation in their eyes 4. Reputation – Take Away • Do a reputation analysis on various factors of your business and position your opportunity to ensure you’re highlighting why people like buying your products/services • Include testimonials from other agents and customers/clients • Audit your online reputation by searching your company name and know what people are saying about you • Trust factors like member/industry associations, review sites, social media presence, years in business all help to give agents confidence in your opportunity #5 5. Commission Structure • The most important thing you must consider is the earning potential for your opportunity – can an agent actually make a decent living selling your product/service • Agents love residual commissions • Give us much as you can and still make a profit – be fair & transparent 5. Commission Structure – Take Away • Show both conservative and advanced earning potential • Offer added incentives if targets are met • Consider compensation for: • New business • Existing customer upsells • Retention / win-back #6 Attitude around working with self-employed reps 6. Attitude is everything when it comes to working Successfully with self-employed sales agents • You must recognise that they are not your employees. They wish to be seen as partners in a business. • You must be willing to accept the level of information they want to share with you • Share the attitude that your sales agents are looking for long term partnerships and not short term solutions • You can never be tempted to let a sales rep go for being ‘too successful’ and earning very high levels of commission 6. Attitude Takeaway Take everything you knew, or thought you knew and start again. Openness and transparency is everything to a good sales agent. Remember, attitude works both ways and not every company will Be a good fit. Do not get over excited when the applications start coming in. Make sure you speak with each sales agent and before agreeing to go into business together. # 7 Samples 7. Are samples and marketing materials provided? • • • • • Your sales agents need great samples to show clients Your Marketing materials need to be up-to date Are you willing to invest in new materials if needed? Is your website up-to-date? What kind of materials will your team need in order to do business? #8 8. Professionalism • • • • • • Keep your word Give your full effort Act appropriately Be knowledgeable Be generous Be honest 8. Professionalism – Take Away • If you’ve done everything else here so far you’re opportunity will be shining with professionalism • Ensure this carries through in all your communications • Ensure you understand and communicate your business strategy and how sales agents can help you achieve it #9 9. How long does it take to get paid – Take Away • Not all agents will look for a short sales cycle and short pay periods. Some agents like a mix of long and short sales cycles in their pipeline. • Agents understand that there is likely a delay in receiving commissions as you will need to collect payment from customer. Be open and transparent and clearly set out pay terms. Then stick to them. • Communicate any issues or delays immediately #10 10. Customer Service – Take Away • Agents need to know that you can service your customers in a timely and efficient manner • They need to know what kind of support is available, how you resolve issues and generally how reliable it is • Let them know the level of support available to them and to customers and how happy your existing customers are too. Other key factors ranked by importance 11 12 13 14 15 16 17 18 19 20 21 22 23 24 25 26 27 28 29 Clear expectations Is training provided Personal investment requirement (samples, training etc.) Product/Service: Features & Benefits Exclusive (protected) Territories Quality of the training provided Sales process Experience working with self-employed reps Ongoing Sales Support/Training Industry Customer retention Company culture How long is the average sales cycle Lead generation provided Sales Targets Years in business How many customers How much other reps are currently making The average close % Other Webinars Contact Us Laura McGregor Email: [email protected] Phone: 0131 618 2300 Ryan Mattock Email: [email protected] Alistair Robinson Email: [email protected] www.commissioncrowd.com We’re developing in the South of France in a tiny village called Simorre
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