Ramez Helou, the chief executive of The Academy for Sales Excellence, says when selling 'you have to be sensitive to people's personalities'. Antonie Robertson / The National
Ramez Helou, the chief executive of The Academy for Sales Excellence, says when selling 'you have to be sensitive to people's personalities'. Antonie Robertson / The National
Ramez Helou, the chief executive of The Academy for Sales Excellence, says when selling 'you have to be sensitive to people's personalities'. Antonie Robertson / The National
Ramez Helou, the chief executive of The Academy for Sales Excellence, says when selling 'you have to be sensitive to people's personalities'. Antonie Robertson / The National

Seven steps to sales success


Gillian Duncan
  • English
  • Arabic

Ramez Helou first got into sales because, he says frankly, he had no other options at the time.

And once in the job he was not exactly what one would call a natural.

But he persisted, learning tips and tricks he now passes on to others.

"I got a job when I was 19 in America as a door-to-door salesman. I used to sell kitchen knives," says Mr Helou, who was born and grew up in Lebanon.

"After initial success with my direct family, friends, [I had] to learn [how to sell]," he says.

There are seven steps to selling, says Mr Helou, who is now the chief executive and founder of The Academy for Sales Excellence.

It all starts with building a rapport with a customer, because people buy from those whom they like and trust. Once that has been achieved, the next step is to understand a client's general problems and needs, before identifying a specific, pressing requirement.

The salesman or woman then presents their solution, reveals and compares prices, offers reasons for the client to buy their product then and there and, lastly, asks for an order.

Six of the seven steps are fairly simple but the first, establishing a rapport, can prove more problematic.

"People always like what is familiar to them," says Mr Helou.

"If you find a way to become familiar to that person, or if both of you have commonalities [it is easier to persuade someone to buy]," he adds.

That could be something as simple as petting the family dog, remarking on a picture or asking about a trophy in a cabinet.

"Not everybody is going to be open to you digging around and you also have to be sensitive to people's personalities," he says.

"But this is the simplest thing I learnt at age 19. You then are becoming a bit closer to that client. "

However, even if you do not appear to share anything in common there are ways to build a rapport at a deeper psychological level.

"You look at body language and physiology," says Mr Helou.

If someone is speaking fast, you should speak fast. Or if they lean back, you should also lean back.

"A lot of times in selling, when the customer gives you an objection, the customer leans back and what does the sales rep do? He leans forward because he starts fighting. But all of a sudden from a body language perspective you have broken that physical rapport with the person," he says.

But Mr Helou points out buyers can also learn how to strengthen their position. There are two things customers must keep in mind during any negotiation: time; and options, he says. Buyers who appear to be out of time or options are in a substantially weaker position.

Mr Helou illustrates this with the story of a company that called in a bottled-water supplier for a further meeting three months after turning down its original bid. Asking what had changed, the customer admitted he was unhappy with his current supplier, who was regularly out of stock and had failed to answer calls on numerous occasions.

After confirming he was able to meet the order, the new supplier gave the customer a higher price than the one the buyer was currently paying.

"[The company said to the supplier], 'The other guys were giving them to me for much cheaper. Can't you give me a discount?'"

The supplier confirmed he could - on two conditions: when the client calls to order more bottled water he will not always be answered; and when is answered, the client will be told the supplier is out of stock.

"Negotiating isn't just lowering price. There's a value. If my product is available in your outlet, you are making more sales," says Mr Helou. "If you understand what the product you are selling does for the client you are serving, then you are in a stronger position, aren't you?"

And the bottled-water supplier? He capped the day by sealing the deal.

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Mercer, the investment consulting arm of US services company Marsh & McLennan, expects its wealth division to at least double its assets under management (AUM) in the Middle East as wealth in the region continues to grow despite economic headwinds, a company official said.

Mercer Wealth, which globally has $160 billion in AUM, plans to boost its AUM in the region to $2-$3bn in the next 2-3 years from the present $1bn, said Yasir AbuShaban, a Dubai-based principal with Mercer Wealth.

Within the next two to three years, we are looking at reaching $2 to $3 billion as a conservative estimate and we do see an opportunity to do so,” said Mr AbuShaban.

Mercer does not directly make investments, but allocates clients’ money they have discretion to, to professional asset managers. They also provide advice to clients.

“We have buying power. We can negotiate on their (client’s) behalf with asset managers to provide them lower fees than they otherwise would have to get on their own,” he added.

Mercer Wealth’s clients include sovereign wealth funds, family offices, and insurance companies among others.

From its office in Dubai, Mercer also looks after Africa, India and Turkey, where they also see opportunity for growth.

Wealth creation in Middle East and Africa (MEA) grew 8.5 per cent to $8.1 trillion last year from $7.5tn in 2015, higher than last year’s global average of 6 per cent and the second-highest growth in a region after Asia-Pacific which grew 9.9 per cent, according to consultancy Boston Consulting Group (BCG). In the region, where wealth grew just 1.9 per cent in 2015 compared with 2014, a pickup in oil prices has helped in wealth generation.

BCG is forecasting MEA wealth will rise to $12tn by 2021, growing at an annual average of 8 per cent.

Drivers of wealth generation in the region will be split evenly between new wealth creation and growth of performance of existing assets, according to BCG.

Another general trend in the region is clients’ looking for a comprehensive approach to investing, according to Mr AbuShaban.

“Institutional investors or some of the families are seeing a slowdown in the available capital they have to invest and in that sense they are looking at optimizing the way they manage their portfolios and making sure they are not investing haphazardly and different parts of their investment are working together,” said Mr AbuShaban.

Some clients also have a higher appetite for risk, given the low interest-rate environment that does not provide enough yield for some institutional investors. These clients are keen to invest in illiquid assets, such as private equity and infrastructure.

“What we have seen is a desire for higher returns in what has been a low-return environment specifically in various fixed income or bonds,” he said.

“In this environment, we have seen a de facto increase in the risk that clients are taking in things like illiquid investments, private equity investments, infrastructure and private debt, those kind of investments were higher illiquidity results in incrementally higher returns.”

The Abu Dhabi Investment Authority, one of the largest sovereign wealth funds, said in its 2016 report that has gradually increased its exposure in direct private equity and private credit transactions, mainly in Asian markets and especially in China and India. The authority’s private equity department focused on structured equities owing to “their defensive characteristics.”

What the law says

Micro-retirement is not a recognised concept or employment status under Federal Decree Law No. 33 of 2021 on the Regulation of Labour Relations (as amended) (UAE Labour Law). As such, it reflects a voluntary work-life balance practice, rather than a recognised legal employment category, according to Dilini Loku, senior associate for law firm Gateley Middle East.

“Some companies may offer formal sabbatical policies or career break programmes; however, beyond such arrangements, there is no automatic right or statutory entitlement to extended breaks,” she explains.

“Any leave taken beyond statutory entitlements, such as annual leave, is typically regarded as unpaid leave in accordance with Article 33 of the UAE Labour Law. While employees may legally take unpaid leave, such requests are subject to the employer’s discretion and require approval.”

If an employee resigns to pursue micro-retirement, the employment contract is terminated, and the employer is under no legal obligation to rehire the employee in the future unless specific contractual agreements are in place (such as return-to-work arrangements), which are generally uncommon, Ms Loku adds.

Global state-owned investor ranking by size

1.

United States

2.

China

3.

UAE

4.

Japan

5

Norway

6.

Canada

7.

Singapore

8.

Australia

9.

Saudi Arabia

10.

South Korea

The National Archives, Abu Dhabi

Founded over 50 years ago, the National Archives collects valuable historical material relating to the UAE, and is the oldest and richest archive relating to the Arabian Gulf.

Much of the material can be viewed on line at the Arabian Gulf Digital Archive - https://www.agda.ae/en

Fifa Club World Cup:

When: December 6-16
Where: Games to take place at Zayed Sports City in Abu Dhabi and Hazza bin Zayed Stadium in Al Ain
Defending champions: Real Madrid

Dust and sand storms compared

Sand storm

  • Particle size: Larger, heavier sand grains
  • Visibility: Often dramatic with thick "walls" of sand
  • Duration: Short-lived, typically localised
  • Travel distance: Limited 
  • Source: Open desert areas with strong winds

Dust storm

  • Particle size: Much finer, lightweight particles
  • Visibility: Hazy skies but less intense
  • Duration: Can linger for days
  • Travel distance: Long-range, up to thousands of kilometres
  • Source: Can be carried from distant regions
SQUADS

South Africa:
Faf du Plessis (capt), Hashim Amla, Temba Bavuma, Farhaan Behardien, Quinton de Kock (wkt), AB de Villiers, JP Duminy, Imran Tahir, David Miller, Wayne Parnell, Dane Paterson, Andile Phehlukwayo, Dwaine Pretorius, Kagiso Rabada
Coach: Ottis Gibson

Bangladesh:
Mashrafe Mortaza (capt), Imrul Kayes, Liton Das (wkt), Mahmudullah, Mehidy Hasan, Mohammad Saifuddin, Mominul Haque, Mushfiqur Rahim (wkt), Mustafizur Rahman, Nasir Hossain, Rubel Hossain, Sabbir Rahman, Shakib Al Hasan, Soumya Sarkar, Tamim Iqbal, Taskin Ahmed.
Coach: Chandika Hathurusingha