The Sales Vault

Howard Gets Rejected

A salesman is told he needs to make 50 cold calls a day. Day after day, the man drives to an office building, takes the elevator to the top, and knocks on every door he sees. That’s a lot of rejection. The year is 1979. Today, that former salesman is worth $5.7 billion. Find out why he credits his cold calling days and the hope it gives the rest of us.

“I was required to make 50 in-person cold calls a day.”

The year was 1979 and it was Howard’s first job out of college. Every day he would chose a new office building, start at the top, and go door-to-door as a salesman for Xerox.

Fifty calls.

Fifty pitches.

Rejection. Rejection. Rejection. Rejection. Rejection…

It was this rejection that would later serve Howard well after he left to work for and eventually buy the company he joined for $3.8 million.

Starbucks.

Early in their history, the company was struggling. They’d seen modest success, but with only 5 stores open (and they only sold coffee by the pound, mind you, no beverages), there was by no means any proof of concept. Howard Schultz was given 90 days to come up with $3.8 million else it would be sold to a waiting suitor who had cash.

Schultz went to 274 people and 217 said no. “Without having experienced rejection as a sales rep,” he says, “Starbucks would not be Starbucks.”

“Sales taught me to persevere.”

Today, the former sales rep is worth $5.7 billion.

Keep at it, gang.

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And if you need my help, reach out at SalesVault.pro or call me directly at 781-934-7036

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