5 Golden Rules of Selling

The golden rules of selling come down to one idea: people buy from salespeople they trust. Your reputation is everything in sales, so the five rules of selling below focus on earning that trust and keeping it, along with two mistakes that can lose it in a single conversation.

5 golden rules of selling hero: a gold ruler across a written page

Doing the right thing whether or not anyone is watching is the clearest sign of a salesperson with high standards. One of the worst things you can do is talk down the competition to a prospect.

Picture it from the prospect's side. A salesperson is telling you about a new product and makes a negative remark about a competitor. You're likely thinking, "Why is he telling me this? He doesn't know me, and he has no idea whether I already do business with that company."

Speaking poorly about a competitor, or anyone else, says more about you than about them. People won't trust someone with poor judgment, and they won't buy from someone they don't trust. The old saying "If you don't have something nice to say, don't say anything at all" is good advice for selling with integrity.

The same goes for sharing information you shouldn't. A line like "I'm not supposed to tell you this, but for you I'll make an exception" is meant to make a prospect feel special, but it tells them you don't keep confidences, and you only get one chance to make a good first impression.

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5 Golden Rules of Selling

Follow these selling rules as everyday sales guidelines and you'll be seen as someone with integrity, and that's what keeps customers coming back and sending others your way.

Rule 1: Maintain Integrity and Honesty

Beyond never talking down the competition or sharing what you shouldn't, a salesperson should never lie. A lie tends to come back on you, and once your word is damaged it can take a long time to win back the trust you lost. Your word belongs to you, and only you can choose to damage it.

Keep your word no matter what. That means sometimes you won't sell a product to someone because it isn't in their best interest. People notice, and they send business to the salespeople they know are honest.

Rule 2: Believe in Your Product

If you don't believe in your product, you shouldn't sell it. Life's too short to go home every night knowing you sold something you wouldn't buy yourself.

Take the time up front to understand your product's quality and what sets it apart. If it's a common product with little difference from what others sell, then you have to be the difference, providing quality service customers can't get anywhere else.

If your product is inferior, you can't sell it with a clear conscience. You'd be better off building something better or going to work for the company that sells the better product.

Rule 3: Believe in Your Employer

Work hard for your employer, whether or not you always agree with them. They took a chance by hiring you and trusted you with their customers, and in some cases they're counting on your sales to keep the business growing.

Show that you appreciate the opportunity. Being the boss isn't easy, so do what you can to make your manager's job easier, and you'll likely find they do the same for you.

You owe it to your employer to work hard and earn what they're paying you. If you can't, it's better for everyone to be open about it. Staying in a role where you aren't succeeding wears on you, and it sends the wrong message to the rest of the team. Moving on can be hard at first, but it opens the door for someone eager to help the company succeed, and it gives you the chance to find a role that plays to your strengths, where you're more likely to be happy and keep growing.

Rule 4: Believe in and Invest in Yourself

If your best competitor keeps learning and you don't, you'll fall behind. Set aside time and money each year to build your skills and stay current on your products and your customers' industries.

New skills build confidence, and your employer will notice the effort. Some opportunities only go to people who prepared for them ahead of time, so keep learning now and you'll be ready when the next one comes along.

Rule 5: Believe in Working Hard

Success in sales takes steady work, and working hard and smart is what moves your numbers. When you put in the effort, you know it, and that gives you confidence to keep pushing forward.

Hard work also sets an example. When your team sees you making the extra calls and following up on every lead, they tend to raise their own effort. So when the next promotion opens up, who will the employer look at first? Most likely the person who gets things done and helps others do the same, and that can be you.

"How you sell matters. What your process is matters. But how your customers feel when they engage with you matters more."

- Tiffani Bova

Golden Rules of Selling in Practice

MARCY'S COPIER DEAL

Marcy sells office equipment. A dental practice with four locations asked her to quote copiers for all four offices, a deal worth about $14,000.

When she asked how they used their machines, she learned they scanned hundreds of patient records a day into software her copiers didn't connect to. A competitor's model did. Marcy told the office manager that and suggested she call the other company.

The office manager thanked her, bought the competitor's machines and kept Marcy's card. Four months later, she referred Marcy to two other practices she knew, and both needed exactly what Marcy sold.

Those two referrals closed for $31,000, more than twice the deal she walked away from.

Marcy followed Rule 1 and Rule 2 at the same time, and the trust she earned brought her business she never had to chase.

Golden Rules of Selling FAQ

The questions below address what leaders most commonly ask about the golden rules of selling.

Click on the (+) sign below to expand each question. Click the (-) sign to collapse it again.

What are the golden rules of selling?

The five golden rules of selling, sometimes called the golden rules of sales, are to maintain integrity and honesty, believe in your product, believe in your employer, invest in yourself and work hard. All five come back to earning and keeping a customer's trust.

What is the most important rule of selling?

Honesty. A salesperson who lies or talks down the competition can lose a customer's trust in one conversation, and it can take a long time to win it back.

Should you ever talk about your competition?

You can acknowledge competitors and point out real differences, but never speak poorly of them. Talking down a competitor reflects badly on you, and the prospect may already do business with that company.

What are the rules of conduct for salespeople?

Good sales rules of conduct are to tell the truth, keep confidential information private, never criticize competitors, sell only what fits the customer's needs and follow through on every promise.

How do you sell with integrity?

Sell only products you believe in, tell customers the truth even when it costs you a sale and keep your promises. Customers who trust you come back and refer others, and that's worth more than any single deal.

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Richard Gorham

Richard Gorham has led teams in financial services for more than 30 years, from retail branches and operations to investments and insurance, and he still leads a team today.

He founded Leadership-Tools.com in 2002 to give managers free, practical tools like the ones he used in his various leadership roles. Every tool here has been used in a real workplace and comes with a filled-in example you can follow.

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