The Dictionary of Selling Terminology by Pamela Peterson & Kent Kubie

The Dictionary of Selling Terminology by Pamela Peterson & Kent Kubie

$ 39.79 USD
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The Dictionary of Selling Terminology (DST or Dictionary) provides a comprehensive reference list of the terminology and definitions used by both sellers and buyers on a global basis. The goal to address the necessity for a standardized and universal language to mitigate the confusion and ambiguity inherent in the selling and buying language due to definitional differences.

Standardized terminology is a common language, nomenclature, classification, or taxonomy that depends on a uniform use of correct terminology to bring clarity to terms that are unclear and could have several possible versions in the source language or several versions of translation. 

The language of selling is not a single language. In fact, every sales organization, either for-profit or not-for-profit, has a different and unique language for the selling process based on organizational factors such as culture, industry, market sector or segment, channels, competitors, and geography.

However, in order to standardize the sales language, the seller’s sales organization needs to understand the product from the buyer’s perspective. To identify the core buying emotions, sales professionals, and those serving in supporting roles to the sales organization, need to learn the language of prospective buyers and current customers — the way they talk, the way they discuss their problems, and the way they feel about certain subjects, and so on.

Because of the way that language works as a living entity that continually changes, it is important to note that many of the terms included in the Dictionary will continue to evolve as the result of numerous factors such as culture, markets, and industries. 

Both legacy and current terms are included in the Dictionary. Numerous entries reflect the increasing influence of technology and automation on enablement and operational processes including buyer enablement, content management systems, contract lifecycle management, and customer relationship management. 

In addition, the terms inherent in the cross-functional departments which support the sales organization are included. The cross-disciplinary terms include: Finance —revenue, gross profit, and price, and Marketing — promotion; Legal — rules, regulations, compliance, governance, and risk; Manufacturing —quality as well as numerous Ethics terms.

Sales professionals, including Chief Sales Officers, Field and Inside salespeople, Frontline Sales Managers, Chief Learning Officers, Sales Enablement and Operations Directors, Key Account Managers, Business Development Directors, as well as marketing professionals will benefit from this definitive dictionary.

The Dictionary is also a valuable resource for those professionals who have accountability for the Supply Chain and Procurement functions.

Also, those professionals who serve in supporting functional roles such as Finance, Legal, Accounting, Operations, Human Resources, and all of the internal and external stakeholders will gain a deeper knowledge, understanding and appreciation of what it is like to walk in the shoes of the sales professional and the buyer.

No one rises to the top and stays on top of their game without lifelong learning and intentional growth initiatives. If you want to be more effective and efficient in your professional role, whatever that role is, you need to study and master the craft, which includes the language.

Pamela Peterson

Pamela has more than 30 years of diversified experience in sales, strategy, key account management, and marketing at the national and global level with a proven track record of driving long-term sustainable growth. Her industry expertise includes professional service firms and industrial and durable goods manufacturers ranging in size from start-ups to Fortune 100 corporations. She has significant experience in managing complex initiatives across highly matrixed organizations with multiple stakeholders. Equally conversant in the sales and marketing disciplines, she specializes in defining and executing go-to-market strategy, linking sales to strategy, identifying, and capitalizing on new product and market opportunities, building brand equity, and creating viable sales enablement tools. Pamela is recognized for her ability to grow sales, market share, and margins in both the core markets and adjacent markets.

The Dictionary of Selling Terminology, 2021, Wessex Press, Inc. was the result of her ongoing observations of the financial and reputational risk inherent due to the ambiguity in the language used by buyers and sellers. She is coauthoring a new book with Professor Noel Capon Selling by the Numbers; Financial Investigation and Analysis©. In addition, she is coauthoring the Buyer and Seller Processes: A Stakeholder Perspective© (October 2021) Pamela joined The Malcolm McDonald Academy (MMA) and Market2Win in 2019. She is tasked with curriculum development and as well as teaching and research. In addition, she is serving as the Managing Director, Americas.

From 2008 through 2018, Pamela taught in the College of Business Administration at the University of Nebraska Omaha (UNO). In that position, she taught upper-division and graduate courses in sales, key account management, and marketing. During her tenure at UNO, she developed several new sales courses, including Global Strategic Account Management, Fundamentals of Selling, Consultative Selling Principles, Selling in an Entrepreneurial Context, Selling Financial Services, and Predictive Analytics for the Sales Function. Her research interests include sales ethics and ethical decision -making, buyer and seller pipeline processes, finance competencies requisite to the selling function, and non-cognitive sales competencies underlying superior sales performance. Professor Malcolm McDonald, Emeritus, Cranfield University, and Dr. Noel Capon, Columbia University, are her primary research partners.

Prior to this she served as the Global Marketing Lead for Accenture’s Security Practice from 2006 to 2007. Her responsibilities included managing all the marketing and business development initiatives as well as serving as the liaison for the Practice’s joint ventures and strategic alliances. She drove new business opportunities with Global Fortune 500 corporations and large government and healthcare organizations, which led to significant increases in revenue and margin year over year. Ms. Peterson received her MBA from The University of Chicago Booth School of Business.

Kent Kubie

Kent Kubie has had the privilege of working with some of the leading IT and business professionals in the country at the top Fortune 100 accounts. He has 30 years of experience in IT Consulting, Engineering, Sales and Sales Leadership, and 15 years in healthcare with providers, bio tech and insurance companies. With a background in accounting and engineering, Kent brings a unique view to clients on how they can get value out of their assets. In his current role, he focuses on helping healthcare providers maximize their capital and expense dollars to provide the best outcomes for their organizations.

  ISBN Wessex website price
Hard cover 978-1-7358772-4-2 $59.79
Soft cover
978-1-7358772-5-9
$49.79
eBook 978-1-7358772-6-6 $19.79

 

Selling is a Profession of Words. Choose Them Carefully
 
Author: Andrew Rudin / arudin@contrarydomino.com / 703.371.1242
Date: February 18, 2021


“Nothing happens until you sell somebody something.” When salespeople gathered in offices, this Zig Ziglar quote adorned the walls. A nearly identical aphorism is attributed to a salesman from Minnesota whose name is lost to history, but not his product, which according to the record, was manure. A product that does not sell itself, I’m guessing. I wonder how he pitched it?
Throughout the buyer’s decision process, there are myriad ways for them to acquire knowledge about vendors and their products. Salespeople, as we know, are the linchpin in that process, conjoining buyer and seller activities.


For sellers, words – and word choice – are fundamental for success. For hawking manure, would you start by giving it a more attractive appellation? Fertilizer sounds good. Would you highlight rapid decomposition and low-odor? Would you ship your product in unmarked, leakproof bags and tout that as a feature?


These conundrums point to a necessary corollary to Ziglar’s quote: Nothing gets sold until something compelling is communicated. The raison d’etre for salespeople.


Today, sales communication overwhelmingly depends on written and spoken language. Accordingly, for salespeople, outstanding conversational and communication skills rank among the most desirable personal attributes. To succeed, salespeople must reach a pinnacle of sorts for communication: persuasion. A Herculean task, accomplished one conversation at a time, day in, and day out. This is not a job for mere mortals.


In Willy Loman’s time, salespeople could feed prospects a steady diet of schmaltz and “happy talk.” For example, “Our products are tops,” and “We’re committed to win-win.” The fluffier, the better. Today, these platitudes have mutated into the cliché patter of the archetypal pushy salesperson.


Persuading buyers to purchase a particular product, or to take a specific action, has become increasingly complex. Compare today’s methods to just a few decades ago when the state of the art was for managers to admonish salespeople to “get in front of customers,” without offering a clue as to how. At that time, salespeople embarked on their mission after being told “It’s a numbers game! – go knock on some doors!” When salespeople weren’t “out on the bricks,” they were expected in the office “dialing for dollars.” In many ways, it was the dark ages.


Instead of pounding doors, today’s sales professionals pound keyboards. Their activities center on engaging with customers, a reflection of the technological, social, and economic changes that have upended sales strategies and execution.
New approaches, however, bring new problems. An unintended outcome of selling in the information age is the deluge of braggadocio directed at buyers. That has brought a new word into the sales lexicon: noise. Breaking through requires messages to be crisp, inspiring, and motivating – not just to us, but to customers. Duh!


Word choice presents just part of the challenge. The right message must be conveyed the right way at the right time. Do you send a new prospect a text message? What about using email? InMail? Twitter? Or do you place a phone call?  Send a request to connect on LinkedIn? Should you initiate a relationship through Facebook? If so, when? Morning? Afternoon? Outside “business hours?” And which days of the week? How much outreach is too much? All are important questions. Employers want “aggressive” salespeople, but heaven forbid, they don’t customers to perceive them as “too salesy,” or to burn a bridge by violating an unwritten rule of digital etiquette.


When I started selling in the 1980’s, salespeople didn’t face such quandaries. Forty years ago, producing a written sales communication – the predominant method at the time, along with phone and face-to-face – was agonizingly slow, laborious, and expensive. I remember composing letters and transmitting them to the sales office’s clattering IBM printer, which, when it didn’t jam, dutifully spat my words onto company letterhead. From there, I applied lick-and-stick postage to the envelopes (to look more personal than metered postage) and dropped them into the mail. I often waited up to a week before placing a phone call to the intended recipient to “follow up.” Back then, laryngitis, icy roads, and cancelled flights impeded my sales efforts, not spotty Internet connectivity. Crazy, right?


If you were lucky, you had a secretary to manage sales correspondence. Among the books on her shelf (and it was almost always a her) were a well-worn dictionary and thesaurus. The secretary’s – or Admin’s – attention to detail and patience allowed salespeople to stay front of customers, while she dutifully prevented their writing errors from escaping the office.
Alas, the secretary has moved on. Hopefully, she’s received a well-deserved promotion, and a raise that fairly compensates her for the value she provides. Personally, I’m for progress, but that development has left us on our own, writing-wise. That’s both good and bad.


Good, because in a fraction of the time it took me to craft and send one sales letter, today’s hyper-efficient, micro-measured salesperson can draft targeted sales communications, merge them with other content, and transmit the whole shebang to millions of prospects.


Bad, because whereas I might have sent an occasional cruddy letter, salespeople today are one careless mouse click away from blasting hideous and embarrassing marcomm to the entire planet. I routinely see incorrect word choice and other mistakes infecting communications. It’s that should be its. Misusing your and you’re, averse and adverse, complimentary and complementary, Capitol and capital, and perspective and prospective. Ugh! Like wrong notes in music, incorrect words contaminate and devalue otherwise decent copy.


Even when sales communications are grammatically correct, the risk of coming across as babble always exists. Jargon-saturated word groupings can leave prospects befuddled, evidenced by this example from a blog by Jim Karrh titled, Mangled Message:
“You know your company. And we know how to improve customer relationships. That’s why we listen to you and adapt our products and services to meet your needs. Together, we can create meaningful interactions that help you get the best from your business.”


According to Karrh, that passage drew snarky reader comments, including this: “What does that word salad even mean?”
Snark aside, I feel that reader’s pain. It would be an act of compassionate kindness to our customers if we asked that question more often.


Why have semantics and word choice in sales and marketing become so important?
Advances in technology have upended the selling lexicon. Expressions such as “dialing for dollars,” “on the bricks,” “tire kickers,” and “rolodex” are fading as new, specialized parlance from emerging roles such as Podcaster, AI Chatbot Copywriter, and SEO Content Writer enter sales conversations.


Cross-departmental selling. Strategies such as Account-based marketing means salespeople often communicate with employees across the organization. It is not uncommon for a single salesperson to hold conversations with executives in Finance, Legal, Logistics, Operations, and Human Resources – both in the buyer’s organization, and in their own. This development requires salespeople to possess an expansive business vocabulary.


Time scarcity. It risks stating the obvious to say that today’s multi-tasking buyers have diminished attention span and less time to squander. However, for sellers, the significance of this trend cannot be overstated. During the buying-selling process, communications must be on point, or they will be ignored.


Retention. Nothing is permanent, but digital communication comes close. Ask anyone who has had the misfortune of having a pungent tweet or online post from the distant past bubble up from the digital muck. Even seemingly benign sales and marketing messages have mutated into new legal risks for organizations. “Never post anything online that you wouldn’t want published on the front page of a major newspaper.” Wise advice for any CXO.


Attentiveness to linguistic precision shouldn’t stop with customer communications. Poor practices impact the organization in numerous other ways.


When is chicken not chicken? In an article, Ambiguity and Misunderstanding in the Law,  Sanford Schane describes a case between  Frigaliment Importing Co. versus B.N.S. International SalesCorp. The plaintiff, Frigaliment Importing, ordered frozen eviscerated chickens from a New York wholesaler.


Stay with me. I promise this gets interesting.
According to the article,
“The [buyer’s] order called for chickens of two sizes: 1 ½ – 2 pounds, and 2 ½ – 3 pounds. When the shipment arrives in Europe, Buyer discovers that the larger birds are all stewing chickens. Expecting broilers and fryers, Buyer cries ‘foul’ and brings suit against Seller for breach of contract. The issue before the court becomes: “what is chicken?”
The plaintiff buyer contends that ‘chicken’ means a young chicken, suitable for broiling and frying. The defendant insists that a chicken is any bird of the genus that meets contract specifications on weight and quality, including what it calls ‘stewing chicken’.”


The judge determined that “the word ‘chicken’ standing alone is ambiguous,” and he “look[ed] to the contract to see whether it offer[ed] any aid for the interpretation of this word.”


You can learn the resolution by reading the brief.


One takeaway is not to assume that everyone will draw the intended meaning from a purchasing contract. Especially important in situations when sales words are legally binding. As author David Mellinkoff wrote, law is a “profession of words.” The same is true for the sales profession.


Word choice matters for protecting brand assets. Linoleum was once a brand name. That ended when the company fell victim to its own marketing success, and Linoleum, the brand, came to mean any equivalent flooring material. In 1878, British courts ruled that linoleum lost its proprietary status to become a word in the public domain. Formica, the company that manufactures countertops and other products, appends the words brand surfaces to its product name. This is not pretense. The policy is designed to mitigate the risk of suffering that same fate as linoleum, scotch tape, Kleenex, and other brands that lost control through inattention to word choice.


I wish we had a panacea for such problems, but right now, I would settle for some good solid help. Fortunately, it’s newly available in The Dictionary of Selling Terminology (DST) from Wessex Press. (Disclosure: I served as a pre-publication advisor.)


Authors Pamela Peterson and Kent Kubie wrote The DST through extensive research, compiling vocabulary from selling parlance and related disciplines. Recognizing the benefits of standardized lexicon in architecture, medicine, law, finance, and other professions, the authors sought to address the risks from ambiguity and confusion in selling and buying activities. The result: an easily accessible breadth of selling terms and definitions, clearly explained. 


Advancement in any profession depends on a uniform use of correct terminology, especially terms that could have several versions in the source language or several translations due to definitional differences. Imagine the difficulties in constructing buildings if architects and engineers did not adhere to specific meaning for words such as foundation, beam and soffit. Or if medical practitioners did not have common language for the pathophysiology of pain.


Unfortunately, the sales profession is behind the curve when it comes to deriving similar advantages. Sales professionals operate without consensus over routinely used terms, words, acronyms, and expressions – evidenced by the widespread attempts to attribute meaning to customer centricity, customer delight, customer experience, and more.
The DST resolves the semantic confusion and ambiguities endemic to our profession. It achieves that by being both prescriptive and descriptive. The prescriptive aspect documents what is understood as correct use of a term, while the descriptive aspect reflects the actual use of the term. This pairing makes The DST more useful than lighter word repositories, such as glossaries and lists of selling terms. The DST also includes terms such as return on investment (ROI), widely used among financial decision makers and buyers. (Lexical items that describe concepts in specific fields are usually called terms instead of words, and The DST makes that distinction.)


The DST is particularly useful for answering vexing questions, such as “How do you describe how people acquire information?” To answer that, you will find a proper explanation of learning curve. Other jargon we bandy about has useful explanations – from familiar terms such as low hanging fruit, BHAG and WIFM to other terms that are less commonly used. Further, The DST includes terminology from other disciplines, drawing from accounting, economics, finance, legal and operations. Words with derivatives have comprehensive entries. Market, for example, has over twenty derivative terms.


You will find useful web links within the definitions. ICP (ideal client profile) includes a cross-reference to the Pareto Principle (also known as the 80/20 rule), and a link to a website that provides additional details.


The DST demystifies fuzzy expressions, for example, defining ethical congruence (“situation where one’s decision is consistent and aligns with the applicable set(s) of values”) and ethical standards (“extrinsic wide-ranging and non-specific rule set designed to guide decision-making processes to determine right and wrong conduct by weighing the pros and cons and or the competing values and interests”).


Word choice and clarity matter as much within sales mission statements, policies, processes, procedures, and codes of conduct as they do in stakeholder conversations. The edict, be customer obsessed, might foster delivering delight, but the words are meaningless without articulating exactly what obsessed and delight mean, and connecting those meanings to a measurable outcome.


Whether used internally or externally, this exposes a profound shortcoming of marketing hype. How do executives and employees parse obsess, a word that connotes excessiveness, into actions that, in an organizational context, must operate under constraints in the form of rules, regulations, and numerical targets? Similarly, if managers properly understood the definitions of accurate and forecast, they would see the futility of insisting that forecast results match actual results, bang on. Chasing forecast accuracy is a fool's errand. Forecasts can be intelligent, high-quality, good, excellent, and many other things. Juxtaposing accurate and forecast creates an oxymoron, and promotes the misconception that accurate forecasts are desirable, let alone even possible.


The selling lexicon changes constantly. It has evolved to be both broader and more specialized. Words that originated outside the selling profession have been adopted into the everyday language of sales and selling. Accounting and operational words such as asset, velocity, throughput, and capacity. Theatrical words such as improvisation and mirroring. Street words such as sandbagging. Medical words such as pain. Zoological words such as bluebird. Sports terms such as game changer and playbook. The list goes on. In the future, look for more words to enter and permeate our lexicon, while others filter out. New words will come from disparate specialties, too. From information technology, artificial intelligence, law, and data science. They will originate from sources we don’t yet know. But many of them will become so embedded that we will scarcely think about their provenance.


Compared to our ever-elastic selling lexicon, the core mission of marketing and sales – stakeholder persuasion – has been more durable. According to Peterson and Kubie, “If you want to be more effective and efficient in your professional role, whatever that role is, you need to study and master the craft, which includes the language.” When it comes to finding the best words, or the right words, The Dictionary of Selling Terminology can help every practitioner.

 

“Dictionaries have been with us for centuries, millennia even, bringing together our collective knowledge and understanding of our language and the words we use. It is hard to imagine innovation in this area and yet the compilation of a dictionary for sales professionals is truly innovative. This significant work offers a ‘go to’ source for all sales professionals offering this community the opportunity to share and enjoy a common language. Ultimately, it will help in bringing greater clarity throughout the sales process and with it the potential of sales success.” Mark C. Bailey, Non-Executive Director / Consultant / Executive Coach; former Group Director, Customer & Services, Rolls-Royce plc
“This Dictionary is a truly significant body of work which has taken a huge effort to achieve. Sales professionals are in the business of communication, so a dictionary of the language of selling is long overdue. This is especially true, as selling is often complex with multiple stakeholders located in multiple geographic locations. Clear communication throughout the selling process is, therefore, an essential and key driver of sales success.” Edmund Bradford, author of Marketing Navigation and Managing Director, Market2Win Ltd
“Firms are successful when customers recommend and purchase their products and services. Sellers are frequently critical in effecting this result. But they must know what they are talking about: Words matter. In this Dictionary of Selling Terminology, Peterson and Kubie have produced an invaluable resource for salespeople and sales managers the world over. Don’t leave home without it!” Noel Capon, R.C. Kopf Professor of International Marketing, Columbia Business School; author of Sales Eats First and The Front-Line Sales Manager
“Finally! Thank you, Pamela Peterson and Kent Kubie, for giving the sales profession its first, robust dictionary! Our unique vocabulary found in your dictionary will educate and inform our profession. Well done!” David Cichelli, The Alexander Group, Inc, Revenue Growth Advisor; author of Compensating the Sales Force, 3rd Edition

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