{"id":1165,"date":"2016-06-28T09:00:57","date_gmt":"2016-06-28T13:00:57","guid":{"rendered":"https:\/\/www.peaksalesrecruiting.comblog\/b2b-sales-career\/"},"modified":"2021-12-09T19:40:39","modified_gmt":"2021-12-09T19:40:39","slug":"b2b-sales-career","status":"publish","type":"post","link":"https:\/\/www.peaksalesrecruiting.com\/blog\/b2b-sales-career\/","title":{"rendered":"The Career You Never Thought of: B2B Sales and Millennials"},"content":{"rendered":"<h2><img alt=\"Optimized-iStock_62790292_MEDIUM\" class=\"alignnone size-full wp-image-14143\" decoding=\"async\" fetchpriority=\"high\" height=\"399\" sizes=\"(max-width: 600px) 100vw, 600px\" src=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/Optimized-iStock_62790292_MEDIUM.jpg?strip=all\" srcset=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/Optimized-iStock_62790292_MEDIUM.jpg?strip=all 600w, https:\/\/www.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/1_Optimized-iStock_62790292_MEDIUM-300x200.jpg 300w, https:\/\/www.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/Optimized-iStock_62790292_MEDIUM-500x333.jpg 500w\" width=\"600\"\/><\/h2>\n<h2><span style=\"font-size: 14pt;\"><em><strong>A breakdown of the\u00a0B2B sales career:\u00a0why it\u2019s lucrative, what makes stand out salespeople, and the assets required to excel.<\/strong><\/em><\/span><\/h2>\n<p>This article will break down exactly what B2B sales looks like today and explain why it\u2019s a mistake to pass over a sales career as a lucrative profession\u00a0for a generation that cares more about lifestyle and meaningful work than money alone.<\/p>\n<p><img alt=\"6a19afb8-54b5-4c7a-a482-940b5267af0d\" class=\"wp-image-14108 alignright\" decoding=\"async\" height=\"198\" sizes=\"(max-width: 297px) 100vw, 297px\" src=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/6a19afb8-54b5-4c7a-a482-940b5267af0d.png?strip=all\" srcset=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/6a19afb8-54b5-4c7a-a482-940b5267af0d.png?strip=all 600w, https:\/\/www.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/1_6a19afb8-54b5-4c7a-a482-940b5267af0d-300x200.png 300w\" width=\"297\"\/>Peak recently conducted a survey on Millennials, aiming to understand and\u00a0develop insight into how this generational cohort views and understands B2B sales. The survey revealed that B2B sales is a vocation often overlooked and improperly understood\u00a0by Millennials. In fact, the study found that 17% of Millennials have no knowledge of what B2B sales is.<\/p>\n<p>With companies planning to expand their sales forces over the next several years and a large number of unemployed or underemployed Millennials, we examine exactly what comprises this type of career, and why you, as a Millennial, should care.<\/p>\n<h3><b>What is B2B Sales?<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">In its most basic form, business-to-business (B2B) sales is the process of selling that occurs between two businesses. It usually comprises of selling a supply, product, or solution. While at a basic level all salespeople serve the same functions, there are significant differences in the skills and competencies <\/span><a href=\"\/b2c-vs-b2b-sales-recruiting-differences\/\"><span style=\"font-weight: 400;\">required of each<\/span><\/a><span style=\"font-weight: 400;\">. For example, a <\/span><span style=\"font-weight: 400;\">software solutions company might sell website analytics performance solutions; another B2B company might sell the digital marketing software to a business to execute their online marketing campaigns. While all great salespeople are driven, persistent, and work with a sense of urgency, B2B selling involves sales cycles that are longer and more complex, and include multiple buyers and stakeholders.<\/span><b><br \/>\n<\/b><\/p>\n<p><b><span style=\"font-weight: 400;\">Like almost every aspect of business, the tech revolution has drastically changed the w<img alt=\"c08694c6-e3b2-4edc-b846-bf163eb4c91d\" class=\"wp-image-14111 alignright\" decoding=\"async\" height=\"236\" sizes=\"(max-width: 354px) 100vw, 354px\" src=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/c08694c6-e3b2-4edc-b846-bf163eb4c91d.png?strip=all\" srcset=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/c08694c6-e3b2-4edc-b846-bf163eb4c91d.png?strip=all 600w, https:\/\/www.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/1_c08694c6-e3b2-4edc-b846-bf163eb4c91d-300x200.png 300w\" width=\"354\"\/>ay B2B selling\u00a0is both conducted and understood. The market research company Marketo notes that 93% of consumers, both B2B and B2C (business-to-consumer), begin their purchase journey online. This should matter to Millennials because it positions this\u00a0generation as potential workforce leaders because\u00a0they use and understand technology with more proficiency than any generation before. In fact, David Goldin, founder and CEO of Capify, explains that \u201c<\/span><span style=\"font-weight: 400;\">millennials are actually the most creative, entrepreneurial, and technologically savvy of all in the workforce.\u201d A far cry from <\/span><a href=\"https:\/\/www.inc.com\/eliot-burdett\/6-reasons-to-hire-that-lazy-millennial-by-eod.html\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">the lazy and entitled labels<\/span><\/a><span style=\"font-weight: 400;\"> that often follow Millennials around, Millennials actually hold a leadership position in the workforce as a whole\u00a0in terms of how they utilize and harness the disruptive power of technology.<br \/>\n<\/span><\/b><\/p>\n<h3><b>Required Assets<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">The most basic qualifications required by a B2B salesperson includes the ability to communicate effectively, build relationships, perform research, listen actively, and present solutions. These are considered entry level skills for a sales position and are the first skills looked for by employers. While such skills are necessary, any qualified person entering the workforce should possess them. <\/span><\/p>\n<p><span style=\"font-weight: 400;\">In addition to these baseline abilities, top performing B2B salespeople possess: <\/span><\/p>\n<ul>\n<li style=\"font-weight: 400;\"><b>Extensive product and domain knowledge<\/b><span style=\"font-weight: 400;\">. B2B consumers expect B2B salespeople to offer market and product insight and educate them when they are considering the purchase of a product or solution. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>Strong presentation capabilities<\/b><span style=\"font-weight: 400;\"> that can portray complex sets of data and product\/market analysis in a clear and concise way. <\/span><\/li>\n<li style=\"font-weight: 400;\"><b>An ability to negotiate<\/b><span style=\"font-weight: 400;\"> purchase terms among multiple stakeholders throughout the sales cycle.<\/span><\/li>\n<\/ul>\n<p><span style=\"font-weight: 400;\">As the authors of <\/span><a href=\"https:\/\/www.rainsalestraining.com\/sales-resources\/books\/insight-selling\/\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">Insight Selling<\/span><\/a><span style=\"font-weight: 400;\"> explain, great B2B sellers are able to connect with buyers based on their company needs, but also with buyers as people. They have the ability to persuade the customer that any risks required of the purchase will lead to a substantial RIO, and engage with the needs of the buyer by consulting and collaborating throughout the purchase process. And this is simply where it begins.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As <\/span><span style=\"font-weight: 400;\">more and more universities&lt;\/span<span style=\"font-weight: 400;\"> are offering sales related courses and certifications, young people entering the workforce are able to enter a sales career with some formal education in sales as a discipline. For example, a teaching innovation by a small Midwest university became the subject of an academic study when it initiated an experiential B2B sales course for its undergraduate students. The course taught students how to design cover letters, pitch letters and emails, and draft proposal memos, among other things<\/span><i><span style=\"font-weight: 400;\">. <\/span><\/i><\/span><\/p>\n<p><b><span style=\"font-weight: 400;\">The\u00a0course further endeavoured to mitigate some of the common misperceptions of sales representatives, such as the use of high-pressure selling tactics and unhealthily competitive work environments. The activities involved in the course functioned to introduce students to the idea that being a sales representative requires effort and dedication similar to other professional occupations, such as a teacher, lawyer, or doctor. While selling capability may in part be something<\/span><a href=\"\/identifying-sales-hunter-dna-5-interviewing-secrets\/\"> <span style=\"font-weight: 400;\">you are born with<\/span><\/a><span style=\"font-weight: 400;\">,<\/span><span style=\"font-weight: 400;\"> there are significant ways you can develop and hone an innate set of qualities, much like other\/identifying-sales-hunter-dna-5-interviewing-secrets\/ career paths.<\/span><\/b><\/p>\n<h3><b>Number One Key to Success<\/b><\/h3>\n<p><span style=\"font-weight: 400;\">When it comes to the actual <\/span><a href=\"\/identifying-sales-hunter-dna-5-interviewing-secrets\/\"><span style=\"font-weight: 400;\">DNA <\/span><\/a><span style=\"font-weight: 400;\">(the characteristics or qualities that make a person naturally attuned to sales success) of a salesperson, it\u2019s possible to overlook a career in sales if you don\u2019t view yourself as the ultra confident, highly extraverted type. However, new research is now available that should quell such fears: a study conducted by Murray Barrick, published in the Journal of Applied Psychology, found that conscientiousness, not extraversion, is the personality trait most associated with success as a sales representative. <\/span><\/p>\n<blockquote>\n<p><span style=\"font-weight: 400;\">S<\/span><span style=\"font-weight: 400;\">ales representatives high in conscientiousness are more likely to set goals and are more likely to be committed to goals, which in turn is associated with greater sales volume and higher supervisor ratings of job performance.<\/span><\/p>\n<\/blockquote>\n<p><span style=\"font-weight: 400;\">There are two facets of conscientiousness that are important for B2B salespeople to understand to be successful: can-do and will-do performance. The biggest predictors of can-do performance are \u201cability, declarative knowledge, procedural knowledge, and skills\u201d according to the study. Conversely, will-do performance is most strongly correlated to measures of \u201cpersonality, interests, and reward preference.\u201d Simply put, salespeople possess exceptional traits of <\/span><a href=\"\/the-traits-of-top-sales-performers\/\"><span style=\"font-weight: 400;\">drive<\/span><\/a><span style=\"font-weight: 400;\">. This asset leads to higher levels of resiliency, optimism, and need to achieve, all of which are necessary factors to exceptional sales performance.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">For those less extraverted who are in or interested in B2B sales, this means that high compensation and career success are not only possible, but actually probable with the right amount of conscientiousness. Extraversion, often posited as a necessary ingredient for sales success, in fact has <\/span><a href=\"https:\/\/journals.sagepub.com\/doi\/abs\/10.1177\/0956797612463706\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">low correlation<\/span><\/a><span style=\"font-weight: 400;\"> to a thriving career in sales. This opens the door to those who may be quieter in volume but who are exceptionally hard working and effective strategists.<\/span><\/p>\n<h3><b>What\u2019s In it for Me?<\/b><\/h3>\n<p>Every career comes with its own set of pitfalls and perks; sales is no different. From work-life flexibility and autonomy to the ability to operate\u00a0as an entrepreneur\u00a0to high compensation potential, there are many aspects of a sales career that make it appealing to the right person. In fact, data from the respondents of <a href=\"\/millennials-and-sales-study\/\">Peak\u2019s Millennials survey<\/a> suggests that most individuals (28%) who stated they were interested in B2B sales was because of the opportunity for high compensation. On the other hand, 53% who stated they had no interest in B2B sales did so because this career path did not align with their interests. Specifically, they stated they were interested in a career in the tech or professional services sectors.<\/p>\n<p><span style=\"font-weight: 400;\">Moreover, Millennials that indicated their interest in a B2B sales career stated they were interested in a career in the tech or professional services sectors. Interestingly, both the tech and professional services sectors have <\/span><a href=\"https:\/\/www.linkedin.com\/pulse\/other-talent-shortage-technology-we-need-talk-loren-padelford\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">identified a need for salespeople<\/span><\/a><span style=\"font-weight: 400;\">, and the consequences have been felt by organizations of all sizes due to this shortage in the workforce. In fact, the <\/span><span style=\"font-weight: 400;\">Harvard Business School\u2019s U.S. C<img alt=\"016a6b2d-330e-445c-a8c5-be7b16f53c3d\" class=\"wp-image-14109 alignright\" decoding=\"async\" height=\"299\" sizes=\"(max-width: 449px) 100vw, 449px\" src=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/016a6b2d-330e-445c-a8c5-be7b16f53c3d.png?strip=all\" srcset=\"https:\/\/media.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/016a6b2d-330e-445c-a8c5-be7b16f53c3d.png?strip=all 600w, https:\/\/www.peaksalesrecruiting.com\/wp-content\/uploads\/2024\/01\/1_016a6b2d-330e-445c-a8c5-be7b16f53c3d-300x200.png 300w\" width=\"449\"\/>ompetitiveness Project<\/span><span style=\"font-weight: 400;\"> notes that one cloud based software company missed out on $2 million in annual revenue due to a failure to bring on enough sales personnel to get their product to market. Simply put, this means there is an abundance of opportunity to work in these sectors. Competition is high but the market is only expanding, which means there are opportunities if you seek them out.<\/span><\/p>\n<p><span style=\"font-weight: 400;\">Despite Millennials\u2019 reputation as digital natives, a <\/span><a href=\"https:\/\/www-01.ibm.com\/common\/ssi\/cgi-bin\/ssialias?subtype=WH&amp;infotype=SA&amp;appname=GBSE_GB_TI_USEN&amp;htmlfid=GBL03033USEN&amp;attachment=GBL03033USEN.PDF\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">report published by the IBM Institute for Business Value<\/span><\/a><span style=\"font-weight: 400;\"> corroborates with Peak\u2019s own data. T<\/span>he data demonstrates that this generation actually prefers more direct interaction with vendors when it comes to B2B buying and selling<span style=\"font-weight: 400;\">. Past generations of B2B buyers have relied most heavily on third party articles, reviews, and expert analysis when considering the purchase of a product. Today, however, Millennials are most likely to trust the vendor\u2019s representatives when researching a product. They want communication throughout the sales cycle, and interaction as often as possible.<\/span> <span style=\"font-weight: 400;\">\u00a0<\/span><\/p>\n<p><span style=\"font-weight: 400;\">As the generation who experienced the ramifications of a financial crisis, Millennials are looking to develop security monetarily, and have naturally shifted away from the seemingly risky and hard driving lifestyle of a salesperson. But, companies are beginning to<\/span><a href=\"https:\/\/www2.deloitte.com\/content\/dam\/Deloitte\/global\/Documents\/About-Deloitte\/gx-wef-2015-millennial-survey-executivesummary.pdf\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\"> respond to Millennials\u2019 perception of sales<\/span><\/a><span style=\"font-weight: 400;\">, and it is more common now to <\/span><a href=\"https:\/\/hbr.org\/2012\/07\/a-radical-prescription-for-sales\/\" rel=\"noopener\" target=\"_blank\"><span style=\"font-weight: 400;\">offer a higher base compensation<\/span><\/a><span style=\"font-weight: 400;\"> as a way\u00a0to alleviate the stress that can come with a commission based career. \u00a0Additionally, sales isn\u2019t always about being a <\/span><a href=\"\/sales-compensation-hunters-vs-farmers\/\"><span style=\"font-weight: 400;\">\u00a0<\/span><span style=\"font-weight: 400;\">hunter for new business, you can always farm existing accounts<\/span><\/a><span style=\"font-weight: 400;\">, which means you don\u2019t necessarily have to be hyper aggressive to have success. Sales today is less about being a showy salesman with a silver tongue and more about being a problem solver with people skills.<\/span><\/p>\n<p>If you are an exceptional or up and coming B2B salesperson with an interest in exploring exceptional career opportunities in your sector, or simply want to gain knowledge of what\u2019s happening in your industry, submit your resume to our Candidate page\u00a0<a href=\"\/top-performing-sales-people-wanted\/\">here<\/a>.<\/p>\n<p> relpost-thumb-wrapper <\/p>\n<div class=\"relpost-thumb-wrapper\"><!-- filter-class --><\/p>\n<div class=\"relpost-thumb-container\">\n<h3>Related posts<\/h3>\n<div style=\"clear: both\"><\/div>\n<div style=\"clear: both\"><\/div>\n<p><!-- relpost-block-container --><\/p>\n<div class=\"relpost-block-container\"><a class=\"relpost-block-single\" href=\"https:\/\/www.peaksalesrecruiting.com\/blog\/books-about-sales-management-and-sales-leadership\/\"><\/p>\n<div class=\"relpost-custom-block-single\" style=\"width: 150px; 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December 21, 2023<\/span> <\/li>\n<li> <a href=\"https:\/\/www.peaksalesrecruiting.com\/blog\/7-success-characteristics-that-define-top-performers\/\">7 Success Characteristics That Define Top Performers<\/a><span> &#8211; December 19, 2023<\/span> <\/li>\n<li> <a href=\"https:\/\/www.peaksalesrecruiting.com\/blog\/5-reasons-your-top-employees-quit-stop-doing-this-to-stop-them-leaving\/\">5 Reasons Your Top Employees Quit (Stop Doing This to Stop Them Leaving)<\/a><span> &#8211; December 14, 2023<\/span> <\/li>\n<\/ul>\n<\/div>\n<\/div>\n<\/section>\n<\/div><\/div>\n<p><span class=\"et_social_bottom_trigger\"><\/span> <\/p>\n","protected":false},"excerpt":{"rendered":"<p>A breakdown of the\u00a0B2B sales career:\u00a0why it\u2019s lucrative, what makes stand out salespeople, and the assets required to excel. This article will break down exactly what B2B sales looks like today and explain why it\u2019s a mistake to pass over a sales career as a lucrative profession\u00a0for a generation that cares more about lifestyle and<\/p>\n<div><a class=\"text-primary mt-2\" href=\"https:\/\/www.peaksalesrecruiting.com\/blog\/b2b-sales-career\/\">&#8230;continue reading <span class=\"sr-only\">&#8220;The Career You Never Thought of: B2B Sales and Millennials&#8221;<\/span><\/a><\/div>\n","protected":false},"author":10,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"limit_modified_date":"","last_modified_date":"","cybocfi_hide_featured_image":"","footnotes":""},"categories":[12],"tags":[],"class_list":["post-1165","post","type-post","status-publish","format-standard","hentry","category-sales-career"],"acf":[],"_links":{"self":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/posts\/1165"}],"collection":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/users\/10"}],"replies":[{"embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/comments?post=1165"}],"version-history":[{"count":0,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/posts\/1165\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/media?parent=1165"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/categories?post=1165"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.peaksalesrecruiting.com\/wp-json\/\/wp\/v2\/tags?post=1165"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}