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From Cold Calls to Corner Office: Glenn Poulos on Building a Sales Empire and Winning Customer Relationships
Episode 16
Published 1 year ago
Description
From Cold Calls to Corner Office: Glenn Poulos on Building a Sales Empire and Winning Customer Relationships
Guest: Glenn Poulos
- Co-founder of Gap Wireless.
- Author of Never Sit in the Lobby: 57 Winning Sales Factors to Grow a Business and Build a Career Selling.
- Sales expert with 40 years of experience in the field, including starting and selling two successful businesses.
Key Points Covered in the Episode
- Glenn’s Journey into Sales
- Began in 1985 after a government mentor told him he “needed to sell things for a living.”
- Learned the power of leverage in sales—income is based on performance, not just education.
- Took the entrepreneurial leap in 1991 after realizing his value and ability to lead his own sales team.
- The Entrepreneurial Leap and Building Businesses
- Co-founded his first business in 1991 after leaving his job.
- Sold the company after 15 years to a public entity and later started Gap Wireless in 2007.
- Sold Gap Wireless in 2022 to private equity, marking his second successful exit.
- Biggest Early Challenges:
- Paying Yourself: You need a nest egg, low expenses, and/or an understanding partner during the early days.
- Failure to Launch: People often delay action due to fear; commitment and execution are critical for success.
- Overcoming fear of failure propels you forward once you take the first step.
- Core Principles from Never Sit in the Lobby
- “Never Sit in the Lobby”: Be proactive, be prepared, and never waste opportunities when meeting clients.
- Always have something in your hand (like a product quote) and something in your mind (a clear purpose).
- Sales is about “staying in front of the customer” and building trust—even when you don’t win the deal.
- Adapting to Change in Sales:
- Technology evolves, but “people buy from people”—face-to-face interactions still close high-value deals.
- Distinguish between sales (closing deals with clients) and marketing (generating leads). Salespeople need to be in front of customers, not behind desks.
- Team Leadership and Hiring Salespeople:
- Hire slowly, fire quickly: If you’re considering letting someone go, you probably should.
- Compensation drives behavior: Build plans that align with business goals and motivate sales teams.
- The best recruit you can make is the sales manager—let them build a team that works for them.
- What It Takes to Succeed in Business:
- Take the first step—most people fail because they never start.
- Always do “the next right thing” and operate as though every impression is a first impression.
- Be a pleasure to do business with—even when you lose a deal—so clients come back or refer you to others.
Memorable Quotes from Glenn Poulos
- “People buy from people. Face-to-face wins the deal most of the time.”
- “Failure to launch is what holds most people back. Take the leap, and let the fear of failure drive you forward.”
- “Always have something in your hand and something in your mind when meeting a customer.”
- “You only get forever to make another impression.”
Actionable Takeaways for Listeners
- Entrepreneurs:
- Have a financial runway to sustain yourself when starting out.
- Commit fully—don’t let fear stop you fro