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Monday, 22 August 2016

How’s your relationships with customers? Check your EQ!

Want better sales? Loyal, happy customers? Want better job satisfaction and earning potential? Look at emotional training. Emotional Intelligence (EQ) directly affects sales performance. It arms the sales professional with the ability to respond appropriately to situations and to influence other people on an emotional level. It provides her/him with confidence and helps to avoid bravado (which is often – detrimentally - used as an alternative to confidence). Emotional intelligence makes us likable to others, which is really the key to maintaining those big accounts. It makes us likable to ourselves, which is the key to landing the big account in the first place. So, what exactly is emotional intelligence?
Emotional Intelligence (EQ) as defined by Psychology Today is the ability to identify and manage your own emotions and the emotions of others. Sounds kind of basic – especially for those who deem general intelligence to be the be-all, end-all. However, EQ testing is conducted by Fortune 500 companies for their new hires all the time – and there’s a reason for this. High emotional intelligence is that “je ne sais quoi” that you see in top sales performers all the time. Top performers are confident, dedicated, and they like themselves. They work hard. They will gladly talk to those who ‘get it’, but they avoid spending time with complainers and energy vampires. Many C-level executives have taken and given these tests and those who work for these esteemed companies have scored high on them, including sales professionals.
There are three standard models to EQ testing: The Ability Model, The Trait Model, and the Mixed Model. These models cover the emotional intelligence landscape and they uncover the vital ways that emotions facilitate thought and understanding.
So now that we’ve determined what emotional intelligence is as well as the impact it has on sales performance, let’s take a closer look at the three standard models:
1.    The Ability Model (allows you to navigate your social environment)
a.    The ability model uses EMOTIONS to ENHANCE thinking. It rates one’s ability to:
                                          i.    Perceive and correctly interpret emotions in others,
                                         ii.    Use emotions effectively, and
                                        iii.    Manage their emotions and the emotions of others
2.    The Trait Model
a.    The trait model rates one’s level of self efficacy or confidence.
3.    The Mixed Model rates
a.    Self-awareness,
b.    Self-regulation,
c.     Social skills,
d.    Empathy and
e.    Motivation

If you’re reading this blog, you may be asking if there is a way to rate your own EQ levels and how to improve upon these. There’s an excess of online tests available to help you rate your level of emotional intelligence (see links below). But there are problems with these. The trouble with “self-assessment” is the “self” component. Are you really able to answer questions honestly? One serious weakness in these tests is the subject’s tendency to answer how s/he thinks s/he should answer, rather than with total honesty.
If you are serious about wanting to improve your sales, you may answer more truthfully than most. If you are serious about wanting to improve your career, then you may be even more motivated to be truthful. But if you really want to improve your life, if you’ve had enough of repeating the same story in every relationship and in every job, then you will likely be ready to be self-honest, which is really where change can begin. A big distance lies between truth and honestly (roughly the distance between your head and your gut!).
So – again - can emotional intelligence be improved upon? The answer would be a qualified yes. You probably have to be desperate enough to do it. It takes a lot of emotional intelligence to be self-honest enough to improve your emotional intelligence to begin with!
While there are some conflicting opinions on the relevance of EQ, most would agree that scoring high in this area would positively affect one’s life. Sales requires many skills that can be learned: product knowledge, company information, research skills, time-management, et al. Emotional intelligence cannot replace general intelligence. Specific personality traits will always give some people a greater edge in sales. But high emotional intelligence is a major component to creating positive interactions and mutually beneficial exchanges. The Big 5 Personality Traits help sales people to get the appointment, but EQ helps sales people to get the relationship, and this is the key to loyalty.

http://www.queendom.com/tests/access_page/index.htm?idRegTest=3978
http://www.maetrix.com.au/meit/eitest.html
http://www.iq-test.net/eq-test.html


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