What Are You Worth?
Article Overview: I’ve always thought that sales reps have an invisible dollar sign $ above their heads with a number that represents how much money they think they are worth. It is this financial image that determines how they perform more than any other single factor. It’s more important than what the economy is doing, or how their leads are, or what their territory is like or anything else.
 |
Free Download - 3 Rules for Successful Up Sells By Mike Brooks
|
What Are You Worth?
The other day I saw an interview with T. Harv Eker, author of the best selling book, "Secrets of the Millionaire Mind." He said something that I thought was amazing. He said that he could speak with anyone for 10 minutes, and in that time he could predict their entire financial future. When I heard this, I thought about all the sales reps I have worked with in my 27 year career, and I immediately realized how true this is.
I've always thought that sales reps have an invisible dollar sign $ above their heads with a number that represents how much money they think they are worth. It is this financial image that determines how they perform more than any other single factor. It's more important than what the economy is doing, or how their leads are, or what their territory is like or anything else.
This financial self-worth image is so reliable that I used to rely on it to predict a sales rep's future performance. When I used to hire and mange sales reps I only had to ask them one question if I wanted to get an accurate idea of how they would do working for me. And that question was, "How much money did you earn at your last job?" Chances were 90% that they would do the same at their new job as well.
While 90% of sales reps tend to remain stuck working within and producing up to (or more likely down to) their invisible dollar sign, the good news is that about 10% of sales reps find ways to raise the number that follows their dollar sign, and they are able to earn a lot more money and enjoy the perks and benefits that come from their increased success. They have found the secret to all top performance and it's very different than how most people go about making changes and achieving different results.
You see, the key to making more money and easily sustaining this performance, is to first change the number that follows the dollar sign above your head. In other words, until you change your financial self-worth image, any changes you're able to force yourself to make to please your new sales manager or spouse, or whomever else, will be temporary, and soon you'll go right back to producing down to your old dollar sign.
If you want changes in your performance to be permanent, you have to make the changes in your consciousness first. There are many ways to do this and some of the best methods include setting realistic goals and writing affirmation cards that reinforce what it feels like to have already achieved those goals. The key with this is to pick goals that you can actually believe in because if they are too high, your subconscious mind will reject them before you even start.
Just remember the real secret to life - whatever you hold in your consciousness will always find a way to manifest itself in your life. So if you want to change what you're worth, then you first have to change what you think you're worth. And you can begin changing that today!
Related Articles
7 tips to help you charge what you are worth
Self Esteem + Self Confidence + Self Respect = Self Worth.
The Meaning of Confidence
Creating a Successful Business Mindset
Is everyone else getting wealthy off your efforts except you?
When Net Worth Is Important to a Franchisor and How To Overcome It
Healing Emotional Dependency
What Will They Think? - Love and Approval Addiction
Fear Free Selling
Your Greatest Investment
More Business Card Ideas
The forces of mediocrity
What's a Domain Name Really Worth?
Becoming an Online Entrepreneur: What's Your Time Worth?
American Execs Think they Deserve to be Paid Less
Real Estate Fixer Uppers -- Are They Worth It?
Enlightened Millionaires: AHA Number 8
Take the Money Issue Off the Table & Sell More
Stress Management: Ladies, Lose The Guilt!
Business Networking - Old vs New Paradigm
Article Tags:
affirmation,
future,
inside sales,
law of attraction,
real,
secret,
self growth,
self worth,
subconscious mind
About the Author: Mike Brooks
RSS for Mike's articles - Visit Mike's website
If you found this article helpful, then you'll love Mike's NEW book of phone scripts, "The Ultimate Book of Phone Scripts." Buy now and get over $500 worth of free bonuses from top sales trainers like Tom Hopkins, SalesDog, Stan Billue and many others by taking advantage of this Special Offer: http://mrinsidesales.com/booklaunch.htm Find out why Brian Tracy calls this the best book on inside sales available today!
Do you have an underperforming inside sales team? Talk to Mike to see how he can help you and your team reach your revenue goals. To learn more about Mike, visit his website: http://www.MrInsideSales.com
Click here to visit Mike's website

More from Mike Brooks
Become a Better Closer!
|
|
Related Forum Posts
Re: Is Twitter really worth $1 Billion?
- Worth $1 Billion? LMFAO! NOPE! NO WAY! ABSOLUTELY NOT!
Twitter is basically worthless as far true value is concerned. It's a site where people either update what they are doing right now (which means nothing) or they spam their products and services to each other (which nobody ever buys). I honestly don't see its huge popularity lasting much longer because people are going to lose interest soon enough.
Not to mention it is well-known that it doesn't make any money as it is. Same with all the others, they haven't figured out how to make any real money from them so I really don't see how the hell they can be worth so much (except maybe facebook)!
If they have someone who wants to buy it for $1billion they better sell right now because they sure as hell won't ever make that much from it by keeping it themselves.
Just my 2 cents on the topic.
Hello Everyone
- I would like to introduce myself to the forum. My name is Kyle Lowe and I am the Owner of H&L Motorcars in Fort Worth Texas. We are a small independent dealer that specializes in luxury and specialty cars. In short we offer our clients the ability to purchase, sell and customize almost any type of Automobile. We pride ourselves on being a one stop shop for our clients, and giving them the necessary information and assistance to handle their automotive needs.
I look forward to meeting and discussing various topics with the members on this forum, and possibly exploring new ideas for business.
Thank you,
Kyle Lowe
President
H&L Motorcars
Have a solid business plan and do your homework
- Is it Worth It?
Not all intellectual property rights may be of significant value to a business. It is easy enough to patent yourself into nbankruptcy and, as pointed out above, most patents never make a significant return on the investment. Therefore, it is necessary to review all aspects of the company and assign priorities to the rights according to their value.
When working with start-up companies, I counsel them to first have a solid business plan laying out exactly how they will get a retrun on their investment. Too often, people mistakenly believe that once you have a patent, checks will roll in. When I was in-house managing a large protfolio of patents that came out of over 800 inventions, exactly one set of technology was a blockbuster hit.
While some businesses may choose to compete in the market without obtaining patents or aggressively protecting trademark rights, a competitor in a market may be working toward reducing the competitive advantage of a business by securing substantial patents, trademarks or other intellectual property rights.
It is quite common for at least one player in a multi-firm market to follow such a strategy in an attempt to force competitors to either take licenses or stop making or using the proprietary technology. Such tactics are frequently successful in securing a superior competitive position.
Can You Use It?
It is one thing to own IP rights; it is another thing to be able to conduct a business without infringing third party IP rights. Thus, the fact that a company has a patent for a product does not give it the right to make the product. The unfettered right to use, make or sell certain technology, or to use trademarks or material subject to copyrights, is often crucial to the health of any business. If a competitor holds patents, trademarks, copyrights or other related rights that dominate a successful product or service of a business, the profitability of a business, and even the ability to survive, may be at stake.
Thus it is often important to conduct independent IP searches in areas of relevance to the company’s business to identify third party patents, trademarks, or copyrights that may be of importance. Preferably, a company will periodically monitor the intellectual property rights held by competitors.
Hope this helps,
Stephen
Patent Baristas
Securing Financing
- This is a short article that a friend of mine put together. He's a business banker and it seems that he would be the right person to put the info together. He compiled it for inclusion in a book about opening a pizza shop. There could be some useful info here -
In order for a bank to even consider financing for a business loan such as a pizza restaurant, the first step is to have good personal credit. If you have previous credit issues that have lowered your credit scores, make sure you are prepared to either hear, “No”, or “Please explain this (these) credit marks.” If you have not demonstrated the ability to manage your own personal finances then most likely you will not have the opportunity to manage the financing from a bank for a business. When you make the initial contact with a bank, ask to speak to a commercial loan officer.
Other types of loan officers include consumer (think car loans) and mortgage (think home purchases and home equity loans). The commercial loan officer will be able to provide a list of things you will need to give him/her in order to consider the restaurant financing. Information required for a new business most likely will include the following:
Personal financial statement (Assets – Liabilities = Net Worth)
Personal tax returns (two years)
Business Plan
If leasing property, copy of the lease agreement
If purchasing property, copy of the sales contract
Personal History / Resume (may not be required but is very
helpful)
If an existing business, add the following to the list above:
Business tax returns (two years)
Copy of State Corporation Commission Certificate
Copy of Federal Tax Identification Number or Employer
Identification Number (EIN)
Copy of Articles of Incorporation (if corporation)
Copy of Operating Agreement (if partnership)
One common mistake a new business owner often makes with regard to financing is that one loan will cover all the financing needs. This is typically not the case and can lead to cash flow problems that could result in default on the loan, which is not what the lender or borrower want. In most cases, either two or sometimes three separate loans would be appropriate. For instance, if one is purchasing real estate then a long-term mortgage loan would be appropriate to finance that purchase.
However, the pizza restaurant may need to purchase equipment and have cash available monthly to meet payroll and purchase rolling inventory.
An equipment loan could take the form of a five or seven year loan with a fixed monthly payment much like a car loan. A line of credit, on which one would pay interest monthly on the outstanding balance, may be prudent for short-term cash flow purposes. All three should be addressed in the business plan and discussed with the commercial loan officer.
Chris
Top 50 Entrepreneurs Ever!
- And the Top 50 Entrepreneurs of all time are…
(In no particular order)
Hugh Hefner – Obvious.
Oprah – Born to a single mother in rural Mississippi, did what she loved and never let up. Popularized and revolutionized the tabloid talk show genre.
Simon Cowell – Guy made millions off Karaoke.
Jenna Jameson – Worth $70 million using only what god gave her.
Henry Ford – Standardized efficiency.
Thomas Edison – Numerous failures on the road to success. Perseverance!
Adrian Block - 1612 establish the first known brewery in the New World on the southern tip of New Amsterdam (Manhattan). I live in a city with more than 30 breweries operating in the city limits…think these guys were onto something.
Hans Christiansen – Partners with Adrian Block.
Adam Osborne – Creator of the 1st personal computer.
Howard Hughes – Say what you want about him the man had a vision and stuck to it.
Madame C.J. Walker – 1st Female African American Millionaire…and she did it in early 1900’s. Safe to say she had a lot of obstacles, but persevered and prospered. If you think you have more working against you than Madame C.J. Walker did, think again.
Mary Kay Ash – The woman behind Mary Kay cosmetics. Redefined affiliate marketing.
Howard Schultz – Who’s gonna’ pay $4.00 for a cup of coffee? With $2.5 billion plus in total revenue the answer at Starbuck’s is a lot!
Alexander Graham Bell – Inventing the telephone in 1876 was about as wacky an idea as teleportation is today…did that stop him?
King Croesus – Minted the world’s first coin in 6th century.
Benjamin Franklin – Author, printer, inventor, businessman.
Ray Croc – Where do you go for dinner when you spent all your money on $4.00 Starbuck’s coffee? McDonald’s! Franchising and national expansion (both stores and waistlines) would never be the same.
Sam Walton – Speaking of saving money and expanding like crazy. Sam Walton found a niche and filled it, regardless of what you think of the extra traffic Wal-Mart brings to your neighborhood.
Ernest Gallo – Took what was once an exclusive product and repackaged it for the masses. I was 20 years old before I knew wine came in anything but a “jug”.
William Middlebrook – Giving William the nod for inventing the paper clip, although some debate remains. However, you have to include the inventor of the paper clip in this list since we’ve all said, at one time or another, “and whoever invented the paperclip is rich, and I’m still working in this crappy office!”
Bill Gates – Took a risk and was a first mover in a market that exploded.
Steve Jobs – Make your products easy and people will love to use them…making a dead sexy laptop doesn’t hurt either.
Mayer Amschel Rothschild – Started the world’s first international bank in the mid 1700’s. What did you do today?
Scrooge McDuck - Scrooge has emerged from being a mere supporting character to a major figure of the Duck universe. Parlayed early success into his own comic book series, television appearances, films, and video games. As big as David Hasselhoff in Europe, he seized opportunity when it arose.
Russell Simmons – Worth $325 million, and started as a teen street hustler. A hip hop pioneer and visionary who has shaped the hip-hop scene of the early 80’s, has branched off into fashion, television and film. And I don’t care if you grew up in Brooklyn or Beverly Hills you remember “Russell Simmons Def Comedy Jam”.
Ron Popeil – Net worth in excess of $100 million dollars. A consummate salesman, he had us believing we NEEDED a food dehydrator and spray paint to cover our bald spot!
The Phoenicians – Inventors of the sail boat, and could be credited then with giving our early explorers the means to take over the western hemisphere.
H. Ross Perot – Used a $1,000 loan from his wife in 1962 to start Electronic Data Systems. Became a billionaire as computer systems drove the need for electronic data storage.
JP Morgan – How many people get credited with having saved or rescued the U.S. national economy in general—and the federal government in particular—on two separate occasions? Not many, and JP was a merger monger legend in his time.
Charles Schwab – Founder and CEO of the Schwab Corporation, made having a broker cool and accessible. Worth $5.5 billion for his efforts.
Larry Page – Google, need we say more?
Sergey Brin - Google, need we say more?
Philip Knight – In partnership with Bill Bowerman created Nike. What’s the reward for taking a product everyone uses and making it functional and fashionable? Try a net worth in excess of $9 billion dollars.
George Lucas – Start with a vision, add some talent, and never waiver. Stars Wars is as well known on this planet as Coca-Cola, and Lucas is worth a cool $3.6 billion.
Doctor John Pemberton – Pharmacist who in 1886 invented Coca Cola. Forced to change his formula from including wine due to prohibition his elixir with “tonic and nerve stimulant properties of the coca plant and cola nuts sweetened with sugar” became a sensation.
Eberhand Anheuser- Founder of Anheuser Busch Brewing and Budweiser beer…thank you sir for the many mornings where I regretted the night before.
Adolphus Busch - Founder of Anheuser Busch Brewing and Budweiser beer…bless you for allowing me to think I am funny, great looking, and a fabulous dancer for a few hours every Saturday night.
Jeff Bezos – Founded Amazon.com in 1994, and wrote up the business plan for his company on a cross country drive from New York to Seattle. Was a .com entrepreneur before there was even a term for it.
Thomas Kinkade - Americas most collected living artist. Marketing works people.
Erno Rubik - Invented a puzzle only .000001% of the world population could solve without cheating, and sold millions! Marketing works people.
Alex Tew - 21 year old entrepreneur made $1,000,000 off the “Million Dollar Homepage”. Adding him to the list to illustrate that great ideas are sometimes in plain sight. Didn’t we all think, “I wish I had thought of that”?
Henry Hassenfeld - Owner of a textile plant in 1923 his company struck gold when they developed a way for kids to play doctor. The first toy the plant ever produced led the way for the likes of Mr Potato Head, GI Joe, Life, Yatzee, Candyland, and just about any other game we played as kids. Partners with his brother Helal Hassenfeld.
Helal Hassenfeld - Thanks for the memories man, I still get misty eyed thinking about Cobra Comander and the words “YO Joe” will live with me forever.
Rollin King - In 1965 started a regional airline serving 3 Texas cities. 40 years later Southwest Airlines has 3500 flights a day and is the number one airline in the United States and the World by number of passengers carried.
Herb Kelleher - Partnered with Rollin King to start Southwest Airlines. The guy started an AIRLINE COMPANY for crying out loud, that’s ballsy.
Guy Laliberte - Made the circus cool again. Founder and CEO of Canda’s Cirque du Soleil, Laliberte founded Cirque in 1984, and revolutionized the idea of what a circus could be. Cirque du Soleil has toured more than 100 cities around the world.
Admiral Zheng He - Built the vaunted Treasure Fleets, comprising dozens of ships and tens of thousands of sailors, and led them in trade missions across south Asia and as far west as Africa and the Strait of Hormuz in the Persian Gulf. In seven voyages from 1405 to 1433, Zheng He spread China’s goods across the world and returned with treasures for the Ming Dynasty.
Andrew Carnegie - The Scottish immigrant and weaver’s son built a steel empire whose mills churned out the railroads, ships, and structures of post-Civil War America.
Milton Hershey - In 1905 built the worlds largest chocolate factory. His name has become synonymous with chocolate, which Americans consume more than 11 pounds of each year.
Gary Dahl - A millionaire for selling rocks, pet rocks, enough said.
Recommended Article for You
close
Share this article with your friends. Fund someone's dream.
Leave a comment below or share on the left and you'll help support entrepreneurs in Africa through our partnership with Kiva.
Over
$50,000 raised and counting -
Please keep sharing! Learn more.