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How do you negotiate without sounding like a salesperson?

8/1/2012

13 Comments

 
I'm a ________, Not a Sales Rep!

Many people are quick to equate sales with transactions and not much else--don't be one of them. Sales is more than just a simple exchange of goods and services. It is an integral part of every business that can take place anytime and anywhere--from negotiating a merger in the board room to describing your job to a neighbor at a backyard BBQ. Whether you're an entry-level employee of a small business or the CEO of a Fortune 500 company, every person--in every business--is in sales. The problem is, not every person is very good at it.  
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Perfect Pitch

Your tone of voice conveys a lot--certain 'sales voices', much like certain singing voices, sound like nails on a chalkboard. Generally speaking, the go to tone for any sales setting is comforting, confident, and persuasive. However, before you can develop an easy-going yet persuasive tone, you have to know what you sound like now. Try this simple exercise:
__________________________________________________________________________________ 

Create a brief sales script and memorize it--now record yourself giving it three times. In the first recording, imagine yourself delivering it to your best friend; in the second, to a potential employer or investor; in the third, give your best impression of a cliché salesman. Listen to each of the recordings, paying special attention to any similarities between the second and third. Those similarities are exactly what you need to get rid of--your 'salesman tone'.
__________________________________________________________________________________

Minding You Manners & Their Mannerisms

Once you've got your tone down, focus on refining your approach. Overly direct sales tactics are painfully obvious and often ineffective. Place focus on the product's features that would directly benefit your prospect--don't sell them, just describe them. As you calmly state your point, listen carefully to their interjections and watch for any indications of excitement or heightened interest--don't poke and prod to find your strongest selling points when you can just as easily let your prospect 'tell' you themselves.

Put the Pieces to the Puzzle

A natural tone of voice and a little confidence will put the other party at ease, and be infinitely more effective than the fabricated excitement and pep of the cliché 'salesman' tone. Remain calm and vigilant-- let their body language reveal the best points to sell them on. Just be sure that your "calm" doesn't come off as 'impartial' or 'dull'-- always make it clear that you care about what you're selling; if it seems like you don't care, why would anyone else?

As a final note, don't be afraid to be subjective. Know your buyer--ask questions often and early on and, if at all possible, do some due diligence beforehand. Many negotiations and sales are closed based on emotion and gut feeling rather than hard data alone. However, be aware of the fine line between using emotion to guide negotiations and using emotion as a manipulative tool: manipulation breeds cynicism and doesn't do a bit of good for your reputation. 

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Written by David Bright
Contributing Writer
Rutgers University, Alumni 

13 Comments

What kind of questions should I expect on an employee recruitment assessment?

7/24/2012

99 Comments

 
As the job market has become more complex, so too have job applications. An oft included section of today's job applications is the timed questionnaire. These exams focus on two general categories: aptitude and personality. They are a part of the job selection process that is formally referred to as 'psychometric testing'--the word psychometric is derived from the Greek words for mental and measurement.

While there are a wide variety of these tests, one of the more frequently used versions is the Professional Learning Indicator (PLI). According to their official website, the PLI is a "culturally neutral and dynamic cognitive test system, applicable on all levels."

Behind all the buzzwords is a fairly straightforward definition. The PLI is simply a tool that employers use to predict job performance. PLI test results measure an applicant's probability of success as well as their ability to 'pick up' knowledge on the job.

But what does this mean to the applicant? How is the test set up? And, more importantly, what kind of questions are on it?

The PLI generates 50 multiple choice questions of varying difficulty levels and subject topics. Here's how it works--

Questions are divided into categories based on numerical, verbal, or abstract reasoning. The questions given in each exam are evenly distributed based on their category and randomized using a computer program. Since the test is given online, questions are most often multiple choice. The candidate is given a time limit to complete the assessment-- the PLI time limit is 12 minutes.

Short & Sweet--candidates are given 12 minutes to take a test made up of 50 random questions that vary in terms of difficulty and subject matter.

Numerical reasoning questions may ask you to perform calculations based on charts and graphs. Verbal reasoning questions may involve reading comprehension: answering questions based on a short passage. Abstract reasoning questions may show a series of figures and test your recognition of patterns or your ability to apply newly learned rules. Personality questions pose hypothetical events or situations and ask you to agree or disagree.

While there is no guidebook of specific questions to study from, studying by topic and taking practice exams can improve your score. You can find practice questions online, and a quick brush up on your SAT material might be helpful for the math and verbal questions. It is important to note that the questions described above would likely be found on entry-level and associate pre-employment tests. Tests given at higher levels are usually tailored to more specific positions.

Regardless of the position, however, employers approach assessment results according to a fairly universal system. First, desired qualifications for the position are determined. Naturally, certain qualifications will be experience or knowledge based, while others will be attitude or personality based--think back to how assessments categorize their questions; make more sense now?

Employers have a rubric in mind when they study the results of an assessment--a checklist to help determine which qualifications each candidate has, and which they do not. Caliper Corporation--a well-known developer of employee assessments--provides a brief, yet excellent illustration of how these 'rubrics' come into play when employers view your assessment results.
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Consider an individual who is applying for a managerial position in the communications department of his company. The job entails managing personnel and business processes, as well as providing consistent reports to the VP of marketing. He or she would need to have strong communication and interpersonal skills in order to diplomatically interact with personnel and upper management. Furthermore, he/she would have to exhibit excellent multi-tasking skills in order to handle the many, varying responsibilities that come with the job. 

Caliper's assessment results display in several forms, including numeric percentages and a variety of graphs. In order to choose the right candidate for the job described above, an employer would study these graphs, paying special attention to the candidate's scores in areas that relate to communication, multi-tasking, management skills, etc. If the graphs show positive results in these areas--results that align with the employer's 'mental rubric'--the candidate will get the job.

Now you know what to expect. Just remember, these tests help more than just employers--they can be great tools to help you identify areas you excel in, and areas you could improve in.

Further Reading & Some Practice Exam Questions: 

Very Basic Sample Questions
Analysis & Sample Questions by Topic
Further Reading on Pre Employment Tests
Caliper Sample Assessment Reports       
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Written by David Bright
Contributing Writer
Rutgers University, Alumni

99 Comments

Why are college bound football and basketball players not allowed to be sponsored through non-profit funding?

6/20/2012

29 Comments

 
For many high school students, the college process is heavily dependent on athletic recruitment. Athletic recruitment is strictly regulated by the NCAA, and for football and basketball players specifically, there are other guidelines that must be followed in order to adhere to NCAA requirements.

NCAA regulations for football and basketball do not allow non-profit sponsorship for athletes for a number of reasons. One being that wealthy individuals who would provide this funding would likely want to assign specific players to their alma mater. Schools with wealthy and willing alumni would clearly have an unfair advantage, and in addition, this practice would not be fair to the entire pool of prospective college athletes.

This information is not easily accessible on the NCAA website, but with help from Athletic Resource, college athletes are able to access, understand, and comply with all NCAA restrictions. Athletic Resource, as its name implies, is a resource for any high school athlete who would like to play his/her sport in college. Here are some frequently asked questions that provide information about Athletic Resource.

Q: What do college recruiting services do?
A: College recruiting services provide the opportunity to connect students with colleges in order to obtain potential scholarships, so parents may not have to pay full tuition.

Q: What does Athletic Resource do that others don’t?
A: Athletic Resource verifies information (transcript, GPA, etc.) for every student compared to all others who don’t.

Q: What does Athletic Resource do for the money value?
A: Athletic Resource calls colleges directly and works with athletes one-on-one to create a profile to get athletes into their desired college to play their sport.

Athletic Resource provides a unique service to high school athletes who would like to play a sport in college, and if you would like to learn more about Athletic Resource’s mission or the recruitment process, please click on the logo below.
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29 Comments

What is a UME device?

6/20/2012

46 Comments

 
If you have ever have ever upgraded your phone, one of the main issues that you worry about is whether you can transfer your contacts, pictures, music, and other data to your new phone.

Cell phone stores like Verizon or AT&T all carry UME devices, which are small machines that are used to transfer data from one device to another.
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46 Comments

My car battery died and won't jump start. What should I do?

6/20/2012

69 Comments

 
You may have to connect your car with another car using jumper cables, and let the other car run for 15 minutes before you try starting your car.
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69 Comments

What is squash?

6/11/2012

23 Comments

 
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No, I don’t mean the vegetable, I mean the sport.

When I tell people that I play squash for Middlebury College, most people nod their heads in polite recognition, but the blank looks in their eyes reveal their unfamiliarity with the sport.

Although squash may not be as prominent as classic American sports like football or baseball, it has roots in as early as 12th century France. What began as a form of entertainment with balls slapped against the walls has evolved into a global sport that has captured the interest of both young and old.  

Squash is a racket sport that is played in a four-walled indoor court. The front wall has 2 parallel, horizontal lines: a service line close to the middle of the wall and another line above the “tin.” The “tin” is a half-meter metal area above ground area that, if struck by the ball, is considered out. The “tin” is analogous to a net in tennis in that the ball must always be hit above this area. There is a service line on the ground that halves the court, another line creating 2 bottom quarters of the court, and a service box in each quarter. In addition, you must wear special, non-marking shoes to play and wear goggles for safety protection.

A squash ball is made out of rubber and must be “warmed up” before you start playing. If you a hold a squash ball before playing, it will be cold and will not bounce. So before beginning to play or practice, you have to hit the ball several times for the ball to heat up.

In a singles match between two players, a match is comprised of best of 5 games, so you must win 3 to take the match. Each game is played until one player reaches 11 points, and the scoring system is called “point-a-rally,” which means that you can win on any player’s serve. Either you or your opponent begins the game by serving, and if you win that rally, you continue to serve, alternating sides with each point. Your foot must be in the service box, and the serve must be above the service line and land in the opposite quarter. Each point begins with a serve and then progresses by alternating shots between each player. 

Lastly, there are special calls in squash: lets and strokes. Lets and strokes are called after you a hit a shot, but your opponent is unable to retrieve the shot because you are obstructing his/her path to the ball. The difference between a let and stroke is difficult to describe without a demonstration, but when a let is given, the point is replayed, but if a stroke is given, the point goes to your opponent. For example, a let is given if you a hit a shot, but accidentally get in the way of your opponent. A stroke is given if you hit a shot, and it comes straight back at you so that your opponent does not even have a chance to return the ball. The differences between lets and strokes are very nuanced, so it takes experience to know which call to make.

Squash is played at the professional, collegiate, and high school level, but for collegiate and high school, it is more prominent on the East coast, and the New England area in particular. Squash is slowing gaining more prominence as people become more attracted to the exciting, fast pace of the game as well as the great workout.

If you ever have the chance to learn or watch the game, go for it!

This is the bare minimum needed to understand the sport, but if you want to read or watch some squash, check it out here:
Read more
Watch squash!
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Written by Amanda Chen, 
Marketing Consultant at Inkwhy
Middlebury College Class of 2014

23 Comments

What is the Pumpkin Plan Video Contest?

6/7/2012

10 Comments

 
The Pumpkin Plan Video Contest is a contest sponsored by Mike Michalowicz, the author of The Pumpkin Plan, set to release on July 5. 

Mike Michalowicz is known for his wildly successful entrepreneurial endeavors; he has built three multi-million dollar companies to date, and is presently the owner of a behavioral e-marketing firm, Obsidian Launch. He is a firm proponent of entrepreneurship and innovation, and in 2008, published The Toilet Paper Entrepreneur, which according to BusinessWeek is a “must read entrepreneur’s cult classic.” In addition to running his business and publishing books, Michalowicz is a segment host for MSNBC’s Your Business, a small business columnist for The Wall Street Journal, and an expert business coach for Entrepreneur Magazine.

The Pumpkin Plan Video Contest is a contest for entrepreneurs everywhere to compete for a number of invaluable prizes. The grand prize is the "Inner Circle Dinner", where the winner will have dinner with not only Mike himself but also his inner circle, which is comprised of his business coach, investment partner, sponsor, marketing agency, ghostwriter, TV agent, literary agent, and a surprise guest. This is a priceless opportunity for any entrepreneur to learn and connect with some of the most successful, experienced people in the entrepreneurial world. The prize for the runner-up winners is a one-on-one consultation with Michalowicz, which is incredibly useful for anyone looking to either create a business or advance a current one.

Each contestant is required to submit a video revealing his/her inner critic, and winners are chosen based on the following criteria:
-       Facebook likes
-       Twitter tweets
-       Youtube views
-       Decision by Mike and his “inner circle”

InkWhy’s very own Janice Dru submitted a video revealing her personal inner critic! Support Janice's submission and like, tweet, and view Janice’s video by clicking the link below:
Janice's Inner Critic

10 Comments

What do executive women wear?

6/5/2012

2 Comments

 
For more information about preparing for interviews, see:  http://noahring.wordpress.com 

To all those aspiring professional women, knowing the right answer to this question is paramount to either landing that perfect job or advancing your career. With the increasing competitiveness of the job market, the ability to dress effectively and appropriately can largely determine your job prospects. A well put-together work outfit signals to your boss and colleagues a high level of professionalism, competence, and confidence, all of which are essential to success.

Whereas men can always fall back on the classic suit and tie as a standard guideline, style and dress for women is debatably more subjective, which makes defining a set standard for women’s dress more complicated. Depending on the industry, there are varying degrees of flexibility, but there are universal guiding principles that are applicable to all professions.

Color
·      Dark colors like gray, black, and navy are safe and acceptable for staple wardrobe pieces like suits
·      Neutral colors for complementary pieces
·      Avoid extremely bright colors, bright reds, electric blues, hot pinks, or loud prints

Fit
·      Don’t be revealing – no cleavage, visible panty lines, see-through material
·      Too big or too tight = sloppy or skimpy
·      Dress or skirt should be knee-length

Accessories
·      No jangling jewelry
·      Nothing flashy or opulent
·      Heel height should be less than 3 inches
·      Choose structured bags not slouchy

Styling
·      Make sure your hair is neat
·      Keep makeup clean & natural

If you are really struggling to figure out the appropriate dress for your business place, just take a look around you at your peers or bosses for suitable inspiration.

Lastly keep these easy sayings in mind:

Err on the side of conservative.
Present a complete package.
Dress for the job you want.
Let your outfit complement not detract from your ability.


Original sources of advice:

http://www.fins.com/Finance//SB128292781256931917/What-to-Wear-to-a-Finance-Interview
http://www.seeingyourselfasothersdo.com/reference/bin/Women's%20Appearance.pdf
http://fashion.about.com/od/whattowear/a/weartowork.htm
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2 Comments

How does Google generate revenue?

6/4/2012

12 Comments

 
Without a doubt, Google is widely regarded as one of the most innovative, profitable, and successful businesses. If you are an active Internet user, you most likely use a variety of Google created products on a daily basis from Gmail to Google Maps to Google Documents. So as a Google frequenter, do you ever wonder how and where Google generated its whopping $37.9 billion dollar revenue in 2011? The answer to that question comes down to one word: advertisement.

Google employs a Pay Per Click (PPC) Internet advertising model that directs users to websites, where advertisers pay Google whenever an ad is clicked.

This infographic by WordStream, linked below, provides a clear breakdown of Google’s 2011 revenue. So the next time you are browsing on Google Search, think about how each one of your clicks translates to a boost in Google’s profits.

Google Earnings 2011 by WordStream

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12 Comments

Why did our weeping birch tree lose all its leaves?

5/31/2012

58 Comments

 
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This past holiday weekend, my mom, the avid gardener she is, took to our budding garden. Amidst the floral explosion of pink, magenta, purple, and green stood an outlier: our weeping birch tree. Normally at this time of year, our weeping birch is in full bloom, so the juxtaposition of this barren tree with the flourishing surroundings was truly a sight for sore eyes. My mother, in addition to being an eager gardener, is also a determined solution seeker. She immediately went to the largest database of information: the Internet. She posed a straightforward question: why did our weeping willow lose all its leaves? This question, seemingly easy to answer, only yielded information in how to determine whether our weeping birch was alive and thus did not provide an answer relevant to mother’s inquiry.

So to all those reading this with either a wealth of botanical knowledge or a keen green thumb, do you know why our weeping birch is losing all its leaves? Does it have to do with the weather? Is there a certain pesky critter that is parasitizing our tree?
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Written by Amanda Chen,
Marketing Consultant at Inkwhy
Middlebury College Class of 2014

58 Comments
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