By Jeffrey I. Shavitz
Having spent much of my professional life in the payments industry, I have surveyed many of our merchant level salespeople (MLSs), spoken with others in the industry at large and have my own reflections on what makes me tick in this business. To quantify and better understand the feelings, work habits and daily routines of salespeople in our industry, I recently updated the results of a questionnaire I sent out a few years ago and added information from the fourth quarter of 2015.
In this article, I will share this updated data with you. It provides factual information as reported by the respondents. I have provided some of my personal thoughts along with the objective information generated from my questions.
Following are insights drawn from answers to several questions contained in the questionnaire:
The following data was derived from answers to yes/no questions contained in the original questionnaire:
Let's make the Street SmartsSM thread in the GS Online's MLS Forum a powerful place for all of us to visit, learn and share information. In this regard, I encourage you to go to the MLS Forum (click on Forums from the top menu at www.greensheet.com) and write down a question you want an answer to or a topic you'd like explored in this column. I will take all these questions and use them for a follow-up Street SmartsSM story in the first quarter of 2016.
You can also email me your questions and comments at firstname.lastname@example.org. The Green Sheet is a great vehicle for sharing information with fellow MLSs with the goal of making each of us more professional and better educated within our industry.
Aristotle once said, "We are what we do." Word was circulating around the internet in the early years of this century that it takes 21 days to form a new habit. Researchers at University College London debunked that in 2010, stating that it takes people, on average, 66 days to reach the point where a new behavior becomes automatic. We all need to improve upon our habits to improve our professional performance, and a little over two months isn't long in the overall scheme of things. Let's learn from others in our space (and outside our industry) so we can be even more valued as service providers to our merchants
Jeffrey I. Shavitz is Chief Executive Officer of TrafficJamming LLC, which is a virtual business group for entrepreneurs and small business owners to help grow a company's sales (traffic = customers in his language). His experience in payments includes co-founding Charge Card Systems Inc., which was sold to Card Connect in 2012; Alternative Merchant Processing, dedicated to high-risk merchant processing; and Charge Card Funding, involved in the cash advance space. Jeff has published four books: Size Doesn't Matter — Why Small Business is Big Business, which became an Amazon No. 1 top release in both the business and entrepreneur categories; Small Business Aha Messages; The Power of Residual Income – You Can Bank on It!, and Networking – Get Connected. He can be contacted at 800-878-4100 or email@example.com; his websites are www.jeffshavitz.com and www.trafficjamming.com.
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