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Pain points
 

Pain points

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    Pain points Pain points Presentation Transcript

    • Selling Solutions
      Sales Meeting
      July 25, 2010
    • Video
      Sales Training – Going Postal on Selling the Pain over Gain
      Featuring Victor Antonio of Sales Influence
    • Talking about Pain
      Not talking about physical pain, but an emotional response
      What problems are they trying to solve? More importantly, what is the cost to them for not fixing the problem?
      Most buying decisions are made emotionally and justified logically.
      Many buying decisions are made to relieve some form of pain.
      An unfulfilled need can become a pain.
      More often than not feelings drive buying decisions. Emotion motivates, logic substantiates.
      We cannot be with the client when they are experiencing pain, because it normally occurs before and after a sales call.
      Therefore, we need to get the customer to talk about their pain so they can relive it and feel the experience. This is done through effective probing and listening.
      If we can get our clients to believe our solutions to quell their pain, then they will be motivated to buy from us.
    • Uncovering the Pain
      Uncovering your customers pain through probing
      Open-ended probesThese are questions that solicit a descriptive response. Often these questions, which can also be called empathetic probes, start with, "Tell me about..."
      Closed probes These are essentially "yes," or "no" questions. These can also be characterized as logic probes.
    • Uncovering the Pain
      Once a pain is revealed, you need to ask the client how it feels.
      Evoke an emotional response, bring the customer back to their basic motivation for buying - solving a problem.
      Using this approach helps us cut through the customers built in defenses and allows us to operate on a strictly emotional level, something that will ultimately motivate them into action.
      Match the benefits to the customer's need.
      Align your products benefits to that clients needs using closed ended questions
      try asking your client if they can see how your product might be able to solve their problems. This practice is also called a trial close
      Buying is about more than facts. Normally the buying process is facilitated by some unmet need, or problem.
    • Uncovering the Pain
      Recognizing client pain is a skill you can pick up on quickly. 
      You can elicit “pain statements” by asking questions such as,
      “What frustrates you the most when dealing with companies that do what we do?” 
      Get ready for answers such as
      “I’m really frustrated when…,”
      “I’m fed up with companies that..., or
      “I can’t stand it when….” 
      Listen closely to the emotional components of what your would-be customer is saying, simultaneously coming up with creative solutions.
    • Pain Point Postcards
      Direct Mail/Neighborhood Farming
      The counter at reception areas
      Anywhere that they might catch the eye
      Put magnetic cards on the interiors of the elevators
      Produce a series of postcards for greater impact
    • Getting the Client to Talk
      Three types of questions:
      Open
      Control
      Confirming
      Exploring three kinds of information:
      Reasons for the pain
      The scope or impact of the pain
      The specific capabilities needed to address the pain
    • Pleasure and Pain
      “The Pleasure-Pain Principal” (Sigmund Freud)
      We are biologically programmed to seek pleasure and avoid pain.  
      We are internally motivated and drawn toward that anticipated pleasure and repelled by anticipated pain
      Some of us are more drawn to pleasure, even at the risk of pain, and some of us are move averse to pain, even if we miss out on the pleasure.
      Understanding your client’s TRUE motivation will help you tremendously to provide an exceptionally satisfying real estate experience
    • Pleasure Principle
      Examples of The Pleasure Principal In Real Estate
      The home will make me look good to my friends
      The home will make me feel safe
      The home will be a good investment
      The home will make me feel good about myself
      Selling my home will allow me to move on to X chapter in my life
      Selling my home will give me $ in my pocket
      Living in the home will be a beautiful experience
    • Pain Principle
      Examples of The Pain Principal In Real Estate
      If I don’t buy this home, I might miss out on a good deal
      When I buy a home, my family will no longer be crowded in too small of a home
      If I buy this home, I won’t worry about the safety of my children while they play
      If I buy this home, I won’t worry about the quality of my children’s education
      If I sell my home, I won’t have creditors breathing down my neck
      If I sell my home, I won’t be burdened with this huge financial commitment
      If I buy now, are prices still going to drop? Meaning I’ve over-paid?
      What if the roof leaks?
    • Real Estate Pains
      The Pain of Selling a Home for Less Than the Loan
      Need 4 bedrooms, but can’t afford that size of house in the area they want to live in
    • Pleasure and Pain
      Pleasure Seeker Signs
      Pain Fleer Signs
      They drive a fancy car
      They want to buy the most they can afford
      They focus on how the house looks, furniture placement, etc.
      They are obsessed with the market and where it might be in six months
      They are very analytical about data, stats and information
      They are very interested in insurance and tax rates
      If they are more motivated by pleasure, focusing more on pain avoidance is not going to matter to them.  
    • Find the True Motivation
      If they really are more motivated by mitigating pain or the risk of pain,
      furniture placement is not going to be on the top of their list.  
      You will be able to better get to the base issues with your clients,
      even if they don’t know what they are, by determining what most
      motivates them.  
      Once done, you can “cut to the chase” quicker in
      finding their dream home and resolving issues.
    • Remember…
      Don’t be afraid of your clients’ pain. When they seem to be making unreasonable requests or are exasperating you with their endless questions or concerns, remember, YOU are the professional. You weren’t hired to be a hot-shot, you were hired to solve problems.
    • Role Playing