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FAQs
about careers in sales
| Q. |
I am considering a career in pharmaceutical or
medical sales. What can you tell me about the medical industry? |
| A. |
First of all there is a vast difference between pharmaceutical
sales and medical sales. Most professional sales recruiters know
that both the skill sets and the day-to-day routine of the sales
representatives in these two disciplines are very different. In
fact, many candidates erroneously believe that pharmaceutical
sales is an entry into the medical sales arena. This generally
is not the case. Most of our medical sales clients instruct us
to exclude pharmaceutical sales candidates from their searches.
Here is a brief, generalized description of both pharmaceutical
and medical sales. Many candidates love the pharmaceutical
industry for the very same reasons that many candidates are
disappointed with the industry once they get into it. One should
make a decision to enter into this field with proper knowledge. |
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PHARMACEUTICAL SALES is largely characterized by the fact that
it is a public relations and educational type sale. Sales
representatives are responsible for detailing medications to
physicians. They provide samples for physicians to give to
patients. They promote their products by making physicians aware
of research and developing an "expertise" in their
product lines. They may bring donuts, cookies or lunch to the
nursing and office staff to promote good will toward the brand
and gain better access to the doctor. Some observations: |
- Because it is a detailing/education/PR effort,
pharmaceutical sales is different than most other sales
efforts, ie, there is no contract to sign, no close at the
end of the process, no win/lose scenario and no direct
payment to the rep for the closing of a deal. (Indeed, a
quarterly bonus is typically paid for an increase of
prescriptions in the sales territory.) Sales people who
are very personality and relationship-driven, who dislike
prospecting or cold calling, who enjoy PR and enjoy
"being the expert" tend to like pharmaceutical
sales. Sales reps who are money-motivated, who love the
close, who enjoy or at least appreciate new business
development (because of the income it generates) and who
want to be paid directly for their sales efforts tend not
to like the pharmaceutical industry.
- Because there is no close, no contract, no win/lose
scenario, no direct incentive compensation, companies who
have such sales programs (including most medical supply
and equipment companies) do not want to hire reps with
pharmaceutical experience. They would rather hire people
with backgrounds more similar to their own sales effort,
i.e., office products, business services, equipment, etc.
These types of sales positions are characterized by the
win/lose scenario (if you win the sale, your competitor
loses it), answering objections, solving problems, closing
the deal and signing a contract.
- Companies who are involved in new business development,
opening new markets, prospecting or cold calling
(including most medical supply and equipment companies) do
not want to hire pharmaceutical reps because their sales
paradigm is so different. Again, these other companies
would want to hire someone from a more similar culture
than pharmaceutical sales breeds.
- Pharmaceutical sales compensation employs the
"golden handcuffs" technique. Sales
representatives are given better-than-average salaries, a
bonus plan for increased prescriptions written (based on a
territory, district, region or company wide increase), a
company car, excellent benefits and attractive perks
(national sales conventions, exotic trips for
top-achieving reps, etc.). While the typical package is
better than average, overall income in pharmaceuticals
never approaches the very high levels that high achievers
in other sales fields will enjoy. High achievers in other
incentive-based markets will almost always out-earn high
achievers in pharmaceuticals.
- While the detailing/education/PR sales is attractive to
some, many leave the pharmaceutical sales market for just
that reason. They get frustrated at the enormous amount of
wasted time in the doctor's office (waiting right along
with the other sick patients). They get frustrated with
having to perform menial non-sales producing activities
(picking up lunch, schmoozing the office staff, etc.) They
get tired of dealing with condescending physicians who
only want the samples and do not respect their education
or training in the medical field.
- Finally many sales candidates are being misled and
having their careers derailed by the new breed of
pharmaceutical contract sales companies. These companies
are hired by the major-name pharmaceutical manufacturers
to conduct temporary sales projects-- typically a new
product rollout. The manufacturer, needing immediate
impact "on the street," hires the contract firm
to do the rollout. Naive sales candidates, thinking they
are gaining a foothold into a career in pharmaceutical
sales are hired by the contractor not realizing the time
limits inherent to the assignment. They are coaxed with
promises of advancement—maybe even into the
manufacturer, or they are coaxed at least by the
possibility of being hired by another pharmaceutical
manufacturer. Then when the contract ends, these reps are
laid off en-masse creating far too many candidates for the
other positions available in the market. Our advice is
caveat emptor—let the buyer beware if you are not
signing on with the manufacturer.
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MEDICAL SALES is generally divided into three
categories—equipment, supplies or services. Medical products
sales representatives are generally more aggressive, more
money-motivated, more activity-oriented than their
pharmaceutical counterparts. Medical sales reps make cold calls,
do demos, build relationships, answer objections, win clients to
their brand, solve problems and sign contracts. Medical reps
want commission or bonus for personal sales to be a key
component to their compensation. The "golden
handcuffs" described above may or may not be a part of
their comp plan. They key difference from pharmaceuticals is the
opportunity to earn high levels of income and the willingness to
do whatever it takes to achieve it. |
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Return to Questions
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| Q. |
How can I get into medical sales? |
| A. |
Let's first address getting into medical
equipment sales. As described elsewhere on this page, many
people erroneously believe that pharmaceutical sales is an entry
to medical sales. This generally is not the case because the
nature of the two sales are so different. What type of sales
position is akin to medical equipment sales? You might be
surprised to learn the answer is office equipment sales
(copiers, fax, telephone equipment, computers, mailing
equipment, etc.). This makes a lot of sense when you think about
it. Both office and medical equipment are sold by 1) initially
finding the prospect and identifying a need; 2) making a sales
presentation by performing a physical hands-on demonstration of
the product; 3) selling against a product that looks a lot like
yours, performs a lot like yours and is priced a lot like yours;
4) knowing your competitor's product well enough to make
insightful comparisons which upsell your product line; 5)
answering objections and solving technical problems; 6)
discussing purchase versus lease options; 7) discussing service
contracts (all equipment wears down and eventually needs
service); 8) closing the deal, getting a signed contract and
defeating the competitor. You win, they lose. This process
occurs whether the product is a copy machine or a piece of
diagnostic equipment. This is why medical equipment companies
like to interview accomplished office equipment reps (but not
job hoppers.) |
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While office products tends to generally be the most
appealing background, medical equipment, supply and
service companies also like to see other
business-to-business sales backgrounds as well. Medical
recruiters like candidates who have backgrounds selling
cell phones, pagers, telecommunications equipment or
services, payroll services, business services, etc. They
are attracted to the competitive nature of these products,
realizing that successful candidates from these industries
have survived in tough sales environments. Additionally,
these types of sales experiences are generally known by
recruiters to provide valuable seasoning to sales
candidates giving them excellent sales training, superior
territorial management skills, superior time management
skills, important prospecting skills and that important
sense of timing—knowing when to close the deal. |
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If you are serious about getting into medical sales, you
should seriously consider starting your career in the
mainstream, business-to-business sales arena. |
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Return to Questions
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| Q. |
How can I get into pharmaceutical sales? |
| A. . |
Many of the major pharmaceutical companies have
college recruiting initiatives and hire off campus. If you do
not get hired through campus recruiting, your best bet is to try
to get into a nationally recognized company with a good training
program. The pharmaceutical companies like the national names in
consumer products, business products, payroll services, temp
services, telecommunications. The pharmaceutical companies
typically like to see one to three jobs out of college with
sales accomplishments. Be careful to build a track record and
not change jobs too frequently. Two or three jobs in three years
is probably a knock-out. |
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| Q. |
Can I get into medical or pharmaceutical sales
without a degree? |
A.
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Probably not. With so many candidates applying
for these jobs, a person without a four-year degree is at almost
insurmountable odds to get into a major national medical
company. Since our inception in 1979, no medical company has
ever paid a fee to our firm to find a non-degreed candidate. |
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| Q. |
I have a science degree but no sales experience.
Can I get into medical or pharmaceutical sales? |
A.
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While the science degree sets you apart from
other non-sales candidates, it does not overcome the
disadvantage of not having experience. Having a science degree
and sales experience with a nationally recognized training
program makes you an excellent candidate for the medical sales
industry. |
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| Q. |
I am in college and want to prepare myself for a
career in sales. What should I be doing? |
| A. |
Two things: 1) Get involved with extra-curriculars
where you can take a leading and persuasive role. The thing that
sets apart sales people is their persuasive abilities. Being
able to articulate persuasive experiences in college will help
you land you first sales job. 2) Get some type of "minor
league" sales experience. Many aspiring sales candidates
sold dictionaries, cutlery, cookware, cable TV or even T-shirts
while in college. Try to get an internship with a copier company
making cold calls to set up appointments. Getting something
truly "salesy" on your resume puts you at the head of
the class for the better training programs. |
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| Q. |
I'm out of college and want to get sales
experience. What are the best choices so that I will be
marketable to some of the better companies in the future? |
| A. |
Having 6-months to one year of any type of
sales experience is better than no sales experience at all. If
you have choices, the following heirarchy can give you a guide
to follow: |
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- First Choice: Working for any nationally
recognized manufacturer or service provider who sponsors a
sales training program-- provided that 1) the company sells
to the mainstream business world and; 2) competes for the
business dollar. Your best training will come from selling
to businesses, not to individuals and homeowners
(telecommunications sales is far more marketable than home
replacement window sales.)
- Second Choice: Working for a local dealer,
broker or distributor who represents a nationally branded
product. Many times these firms will have their own local
training programs while also giving access to the national
company training. Look for a dealer with significant market
share and a strong local reputation. Working for a local
market leader will give you additional sales advantage as
you start your career. Working for a local business service
or advertising company could make a strong alternative as
well.
- Third Choice: 1) Working for a smaller
local dealer with less market share; or 2) working for a
start-up operation. While sales may not come as easily
working for a less identifiable company with less local
market penetration, if you succeed, you will have a
significant "David vs. Goliath" story to tell in
your next interview.
- Fourth Choice: If other options are not
available, then consider any type of product in which you
can prove your sales ability. If you do a good job-- making
money for both yourself and the employer who gave you a
break-- you will find a better set of doors opening up to
you as your career develops.
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| Q. |
I have 10 years of sales experience in one field
and have been successful, but I am tired of my market. I would
like to sell a new product in a new market. Will I be able to
maintain my present income? |
| A. |
Possibly, but not likely. Your income (your
value to the marketplace) was built up by ten years of expertise
in one field. To learn a new product line sold to a completely
different buying entity is likely to mean a period of "ramp
up" to your previous income level. The best way to make a
job change and maintain market value is to 1) continue to sell
the same or similar product line, or; 2) sell a new product line
to the same buyers. |
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| Q. |
After many successful years of sales in one
industry, I want to make a change. I realize that I may need to
take a short term pay cut to get reoriented to a new product.
How willing are employers going to be to talk to me? |
| A. |
You face a difficult challenge. Many employers
are reluctant to hire a candidate at a rate of pay significantly
less than the candidate's previous earnings. The reason is
simple. If the candidate doesn't "get out of the gates
quickly" there is a high probability that he will return to
his previous area of expertise. A quick turnover such as this
equates to a significant loss to the employer. For a candidate
to successfully make the transition to another market, he or she
must "prove" during the interview process that the
ties to the previous industry are severed and there is
compelling evidence to show why the candidate would never return
to that market.
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