How to build trust in relationship selling

How to build trust in relationship selling
by Dan Rockwell – July 2013

All successful relationships require trust

Good salespeople build relationships because organizational success depends on it. If trust is something “they” do, you are the problem.

Research shows three important consequences related to trust and performance.

  1. Overall business performance for organizations is higher when salespeople trust their managers.1 
  2. Individual sales performance is better among salespeople who engender high trust.2 
  3. Employee retention is higher in organizations with high manager-employee trust because the quality of life in the workplace is better.3

How do sales managers and salespeople build strong, resilient relationships?

You learn to behave

Stephen M.R. Covey, says, “Relationship trust is all about behavior … consistent behavior.” (From: “The Speed of Trust.” Today, seven years after publishing, it’s still #2 in Business-Life, Ethics, on Amazon.)

Covey explains 13 behaviors common to high-trust individuals:

  1. Talk straight. Let people know where you stand. Use simple language.
  2. Demonstrate respect. Genuinely care and show it.
  3. Create transparency. Tell the truth in a way that can be verified. Err on the side of disclosure.
  4. Right Wrongs. Apologize quickly. Make restitution where possible.
  5. Show loyalty. Give credit freely. Speak about people as if they were present.
  6. Deliver results. Don’t overpromise and underdeliver. Don’t make excuses.
  7. Get better. Thank feedback and act on it.
  8. Confront reality. Take issues head on, even the “undiscussibles.”
  9. Clarify expectations. Disclose, reveal, discuss, validate, renegotiate if needed, don’t violate, expectations.
  10. Practice accountability. Take responsibility for results. Be clear on how you’ll communicate.
  11. Listen first. Don’t assume you know what matters most to others.
  12. Keep commitments. Make commitments carefully. Don’t break confidences.
  13. Extend trust. Extend trust abundantly to those who have earned it. Extend trust conditionally to those who are earning it.

Do you want to move up?

Axel Köster
Axel Köster

Axel Köster, General Manager for the Manhattan Group, recruits executives and managers for premium properties such as the Peninsula, Regent, Hilton and others around the world.

“No matter what the industry,” Axel shares “at the top level of any successful organization you must have someone you can truly trust. If you want to move up in your organization, the most important thing you can do is build a reputation for trustworthiness.”

The bottom line is success in relationships and relationship selling depends on your trustworthiness. And so does the trajectory of your career.

Getting started

How do we improve trust? By being intentional about it. Make a copy of Covey’s 13 behaviors. Put it in front of you at work. Find a peer who wants to do the same thing. Keep each other accountable. Practice being happy.

Bill Yates
Bill Yates

Bill Yates, Senior Associate & Partner at the Sports Advisory Group, adds, “Provide solutions to their problems and you’ll be rewarded with trust.”

Continue building trust with colleagues and clients and whether you move up the career ladder or not, at least you’ll be one of the happy ones.

 


Sources

  1. “Making things happen through challenging goals: Leader proactivity, trust, and business-unit performance,” Crosley, Cooper & Wernsing (2013), Journal of Applied Psychology.
  2. “The interrelationships of empathy, trust, and conflict and their impact on sales performance,” Plank & Reid (2010), Journal of Marketing Management.
  3. “Trust your teammates or bosses? Differential effects of trust on transactive memory, job satisfaction, and performance.” Gockel, Robertson & Brauner (2013), Employee Relations.

Just trust me

Just trust me
by Lolly Daskal – May 2013

Imagine

Imagine telling someone: “I’m going to be taking you on a long, dangerous, and difficult trip. There will be times you are likely to be very uncomfortable, and there may be terrible storms. I’m not going to tell you where we are going, why we are going, when we are going, or how we will get there. Just TRUST ME.”

How do you think that would make anyone feel?

When a leader implements organizational change – when a boss makes major decisions affecting employees – it doesn’t work to say “just trust me.”

Like frightened children, people will come up with all kinds of reasons to resist and refuse why they do not want to come along on the trip – even if it’s a good one![dropshadowbox align=”right” effect=”lifted-both” width=”250px” height=”” background_color=”#ffffff” border_width=”1″ border_color=”#dddddd” ]

The CMO’s View

Sales managers develop trust based on this basic formula:

Trust = Rapport X Credibility
Risk

Alan See
Alan See

The manager, or anyone in a relationship, does things to develop and build rapport and credibility, while also doing things to reduce perceived risks for the other. The relationship won’t move forward without trust. [/dropshadowbox]

Most of us do not want to take trips into the unknown and without a destination.

Telling people “just trust me” is naiveté at its worst.

It shows an enormous amount of disrespect, sometimes dishonesty, and maybe just delusional!

In the sports business today, trust has to be earned. In leadership today, trust has to be gained.

What is trust?

  1. Trust is  being congruent. Match your words with your actions; what you say you will do you do.  Being trusted is being dependable.
  2. Trust is embracing transparency. When it comes to trust, the more you reveal the more you can see. When trust is transparent it can be embraced.
  3. Trust is  honoring promises. Keep what you promised. Better yet, go the extra mile and deliver more than you promised.
  4. Trust is a two-way street. To make someone trustworthy, you need to trust them first. The best way to find out if you can trust somebody is to trust them.
  5. Trust is risk. Trust lies between faith and probability. To risk is to put yourself out of your comfort zone. Take the risk and have the faith and trust to pull you through.
  6. Trust is a relationship. Trust begins with the self in relationship with another.  Trust others as you would wish to be trusted.
  7. Trust is the glue helping us stick through organizational change. Trust is foundational to holding us together.

[dropshadowbox align=”center” effect=”lifted-both” width=”450px” height=”” background_color=”#ffffff” border_width=”1″ border_color=”#dddddd” ] How am I going to lead today? 

  • Trust my people so they can engage and be part of the change.
  • Trust my people so they can enroll and add value to the change.
  • Trust my people so they can embrace and understand and respect the change.[/dropshadowbox]

Lead from within: Any leader who says “just trust me”  expecting loyalty will get a group of employees resenting the journey instead of enjoying the adventure.

Trust  grasps others on your team at their innermost core of loyalty.