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The top 5 buyer's objection
1.
TechniquesforEffectiveObjectionHandling Don’t… Do… 10% 30% 20% 50% 40% 60% 70% 80% 100% Taketheobjectionpersonally Interruptyourprospectmid-sentence Startyourcounterpointswithnegativewords Useexcessive“salesy”words Becomedefensive Assumethatthedealislost Understandtheobjectionpartially Offerdiscountsimmediately Vaguelyrelatetheproductandservicetotheobjection Assumethattheobjectionisaddressed 90% 10% 30% 20% 50% 40% 60% 70% 80% 100% ShowGratitude UnderstandyourProspects DigDeeperintotheObjections Confirm theObjections OfferSolutions BeHonest ProactivelybringuptheObjection OfferanIncentive ExplainyourUniqueValueProposition ShareCustomerSuccessStories 90%
http://www.convergehub.com 510.924.1683 info@convergehub.com Wealreadywork withCompetitor XYZ. Wedon’t havebudgetfor this. Doesthe product/service doX,Y,andZ? Weneed tothink aboutit. Doyouhavethe necessary experience? TheTop5Buyer'sObjections S ALES
2.
TechniquesforEffectiveObjectionHandling Don’t… Do… 1. Taketheobjectionpersonally. 2. Interruptyourprospectmid-sentenceandrushtoovercomethe objection. 3.
Startyourcounterpointswithnegativewordslike'But','If'and'So What'. 4.4. Useexcessive“salesy”wordslike'cuttingedge','innovative',or 'bestinclass'. 5. TalkabouttheproductandserviceUSPswithoutrelatingthem to theobjections. 6. Becomedefensivewhenprospectsquestionthequalityandeffi ciencyoftheproductorservice. 7.7. Assumethattheobjectionisaddressedwithoutconfirmingitfrom theprospects. 8. Assumethatthedealislostbecauseprospectshavevoicedan objection. 9. Haveapartialorsurface-levelunderstandingoftheobjections. 10.Offerdiscountsimmediatelytoresolvethemonetaryobjectionof theprospects. 1. ShowGratitude.Lookatthispositively–justanotherwayforyou togiveyourprospectmoreinformation.Acknowledgeyourpros pect’sobjectionsandprovidetheinformationneededtoclosethe businessdeal. 2. UnderstandYourProspects.Connectwithyourprospectsona personallevel.Listentotheirobjectionscarefully.Thisshowsthat youvaluetheirconcernswhichhelpsbuildtrust 3.3. DigDeeper.Askyourprospectsopen-endedquestionstogainmore insightintotheirobjections.Youhavetounderstandwhat’s stoppingthem from buying. 4. Confirm TheObjections.Takeanoteofalltheobjectionsand restatethem inyourownwords.Askyourprospecttoconfirm whetherornotyouunderstoodallofthepointsmentioned. 5. ExplainYourUniqueValueProposition.Showwhatsetsyour businessapartfrom thecompetition.Youshouldconsiderthe valueyou’rebringingtoyourprospectandyourprospect’s business. 6. OfferSolutions.Alignthefeaturesandbenefitsofyourproducts andservicestoyourprospects'specificpainpoints.Painpoints includethingssuchaslostrevenue,lowproductivity,poor customersatisfaction,etc. 7.7. ShareCustomerSuccessStories.Sharetestimonials,casestudies andotherreferences.Thismayhelpyouovercomeobjectionsand giveprospectscompleteconfidenceinyourcompany’sproducts andservices. 8.8. Behonest.Skipthesalespitchandmakefresh,spontaneousand persuasiveconversations.Theseconversationsshouldberelevant totheprospect’sobjectionsandhelpbuildagreatrapportwith them. 9. ProactivelyBringUpTheObjection.RefertotheCRM tolearnthe objectionsyouhaveencounteredearlier.Answerthem proactively towintheconfidenceofyourprospects. 10.10.OfferAnIncentive.Encourageyourprospectstotakeadvantageof yourincentive.Dependingonyourbusiness,thiscouldbeafree trial,freeshipping,$10offfirstpurchase,andmore.Thisgivesboth partiesachancetoworktogether,buildtrust,andmutualrespect. http://www.convergehub.com 510.924.1683 info@convergehub.com Whenyou'veresolvedbuyer'sobjections,implementtwokey bestpractices: 2 Buildupyourcredibilitywithmoreinformationsharing.Don’t hurryforsales.Ifyouactasifyoucan’twaittoclosethedeal,your prospectwillgladlyshowyouthedoor.Sofurtherbuildupyour credibilityinthenextmeetingwithmoreinformationsharing. BonusPoints 1 Finalizethenextmeeting.Yourprospecthasremovedhis objectionhearingyourcounterpointandmightwanttodigfurther intotheproductdetailsbeforepurchasing.Usethisfacttosetup thenextappointment.
3.
Top5WaystoMakeSalesThatFeelGood ShiftYourMind LearnTheProduct Haveyoueverbeen“sold”somethingandhadbuyer’sremorse?Maybeyou believethatifsomeonewantssomething,they’llbuyitwithoutneedingyour help.Oryouthinkthatsellingisn’tarespectedprofession.Thesearesomeof thereasonsyoumightbetellingyourselfthatsellingdoesn’tfeelgood. Amindsetshiftisthemostpowerfultoolthatwillhelpyoumakesalesthatfeel goodtoyou,helpyourcustomers,andstrengthenyourorganization.Whenyou cometotermswiththefactthatwhatyou’redoingishelpingpeoplethenyou’ll beabletolookatyourjobdifferently.Oftentimes,youforgetthatyou’re talkingtoactualpeopleandnotbusinesses.Whilethepeopleareemployedby thebusinessandbusinessneedsarecriticaltotheprospectindetermining whatsolutiontogowith–keepinmindthatthedecisionmakerisan individual,notabusiness.individual,notabusiness. Youcanapproachsalesmuchdifferentlywhenyoumakethisshift.Youwant tolistentothepersonwhoisrepresentingthebusiness–nottheotherway around.Wrapyourmindaroundtelling,notselling.Whenyouthinkofselling toabusiness,itbecomesstressfuland“salesy.”Whenyouthinkoftellinga personabouthowyourproductorservicecanbehelpfulthenitbecomesmore informativeratherthan“stuffy”or“usedcarsalesman-like.” Tellyourselfthatyou’reprovidingvalueandthingswillbeontheupandupTellyourselfthatyou’reprovidingvalueandthingswillbeontheupandup from there. WriteAPlan,NotAScript SharpenYourListeningSkills FollowUp Someofushavebeenguiltyofwritingascripttomakesalescalls.Whilethis mayworkforsome,itdoesn’tworkformost.Scriptsaresupposedtohelpyou getthroughyoursalescallswithoutstumblingorleavingoutkeyinformation. However,scriptscantendtofeelstuffyandrobotic.We’veallbeen“sold”toby asalesprofessionalreadingascriptanditusuallydidn’tendinasale. Havingaplaninplaceforhowyou’regoingtoapproachyoursalesprocesscanHavingaplaninplaceforhowyou’regoingtoapproachyoursalesprocesscan helpaton.Youwanttocreateageneraloutlineofhowyou’regoingtostruc- tureyoursalesprocess. Notonlywillyoufeelmorepreparedtospeakwiththeprospect,you’llalsogive theprospectmoreconfidenceinyouwhichcouldhelpyouclosethebusiness deal. Thetruthis,ifyou’regoingtosellyouhavetoshiftyourmindfrom negativeto positivethoughtsaboutselling–amindsetshift. Learningtheproductisamajorkey.Ifyoudon’tknowhowyou’rehelpingthe business,thenhowcanyouhelp?Youmustknowyourproductinsideandout. Willyourunintosituationswhereyoudon’thavetheanswersandneedtoseek help?Yes.Butyouneedtoknowyourproductwellenoughtoquicklyidentify howitcanhelpyourprospectbasedontheirpainpoints. Whenyourprospecttellsyoutheirpainpoints,it’syourjobtolisten(don’ttalk –70/30rule),compilequestionsandfigureoutwhichofferingmightbebestfor theirbusiness.Basedonwhatthey’retellingyou,youhavetoknowhowyour productwillsolvetheirproblem.Ifyoudon’tknowhowtocommunicatethese thingstoyourprospectclearly,yourprospectismostlikelygoingtobecon- fused.Confusedprospectsneverbuy! Studiesshowthat40%
ofallsalesprofessionalscan’tunderstandcustomer pain.Becauseofthis,salesprofessionalsusuallygiveasolutionthatthepros- pectdidn’tevenhaveordidn’trealizetheyhad. Studiesshowthat40% ofallsalesprofessionalscan’tunderstandcustomer pain.Becauseofthis,salesprofessionalsusuallygiveasolutionthatthepros- pectdidn’tevenhaveordidn’trealizetheyhad. Youwanttomakeeachsalescallflowinthesamewaytomakesureyou’renot leavingoutanykeyinformationandtopositionyourselfastheexpert. Sharpeningyourlisteningskillscandrasticallyimproveyourclosingratioif donetherightway(andmakeyoufeelgoodaboutthesale).Alotofthetime, salesprofessionalstalkmoreandlistenless(nottheotherwayaround).Al- thoughyourformaltitleis“SalesAgent,”“SalesRep,”or“SalesExecutive”it doesn’tmeanthatyouneedtosell(wetalkedabouttelling)nordoesitmean youhavetotalktheentiretime.Followthe70/30rulewhentalkingtopros- pects–70% ofyourtimeshouldbespentlisteningtotheprospectand30% of yourtimeshouldbespenttalking. Whenyoulistentoyourprospect,youputthem inthepositionofpower.When peopleareinapositionofpower,theyfeelliketheyhaveownershipofwhat’s goingon(they’renotbeing“pushed”intosomething).Bylistening,youalso showtheprospectthatyougenuinelycareaboutwhatthey’resayingandthis givesyoutimeto“tell”aroundtheirneeds.Whenyourprospectknows,likes, andtrustsyouthentheywillbuyfrom you.Trustisacriticalelementtosuc- cessfulsales.Whenyoutellyourprospectaboutasolutiontotheirproblem aftercarefullylisteningtotheirpainpoints,trustincreases.Thiswillalsohelpaftercarefullylisteningtotheirpainpoints,trustincreases.Thiswillalsohelp tobuildyourconfidenceandfeelgoodaboutsellingwhenyouknowthat you’vedoneittherightway. Remembertolistentoyourprospectsandtailoryoursolutiontotheirneeds. Don’tmakethemistakeofsellingyourselfoutofthesale. Followingupiscriticaltothesalesprocess.Studiesshowthat80% ofsalesre- quirefivefollowupcallsaftertheinitialmeeting.Mostsalesprofessionalsstop afterthefirstfollowup–don’tfallintothiscategory. Truthis,peoplefeel“stuffy”aboutthesalesprocessbecausemanysalespro- fessionals“sell”youonaproduct(anddon’tcareaboutyourneeds–theyjust wantthesale).Ormanyofushavebeen“sold”toandhavebeenburntinthe process(triedtogetyourmoneybackbutcouldn’t). Thefollowupprocessisevidentwhenit’stimetoclosethesalebutit’salsoim- portantlongafterthesale.Aftertheinitialmeeting,youneedtofollowupwith theprospecttothankthem forspeakingwithyou.Youdidsomuchonthe front-endwithgettingtheprospecttospeakwithyouandlisteningtotheir needs–ataminimum youwanttohaveconsistentfollowup. Thefollowupprocessisevidentwhenit’stimetoclosethesalebutit’salsoim- portantlongafterthesale.Aftertheinitialmeeting,youneedtofollowupwith theprospecttothankthem forspeakingwithyou.Youdidsomuchonthe front-endwithgettingtheprospecttospeakwithyouandlisteningtotheir needs–ataminimum youwanttohaveconsistentfollowup. Followingupallowsyoutobuildrelationshipswithyourprospectsandcustom- ers.Theyfeellikeyoulistenedtothem andyousincerelywanttohelpthem whenyoufollowupwiththem.Yourfollowupsdon’tneedto“sell”anything.In doingthis,you’llfeelbetteraboutyoursalesprocessbecauseyoudidn’tjust “pitch”them onaproductandleave.Youtoldthem aboutyourproductconsid- eringtheirpainpointsandcontinuedbuildingarelationshipwiththem after- wards.Thistransitionfrom “coldandstuffy”to“helpfulandfriendly”makesa worldofadifferenceinyourclosingratioandmakesyouandtheprospectfeel goodaboutthesale. Oncetheprospectbuysyourproduct,it’sevenmoreimportantforyouto followupwiththem afterthesale—youwanttobeaccountable.Iftheprospect buysandhastroubleusingyourproductandtheydon’treceivethesupport theyneed,youcanlosethatcustomerfasterthanittookyoutogetthem.You wanttogiveyourcustomersagreatexperiencewithyourproductsandmake surethey’regettingsatisfactionfrom it.Iftheydon’tknowhowtouseyour productordon’tfeelliketheyhavethesupporttheyneed(they’reconfused andhaven’treceivedgoodcustomerservice),thenthey’renotgettingresults.Ifandhaven’treceivedgoodcustomerservice),thenthey’renotgettingresults.If yourcustomersaren’tgettingresults,thenbothyouandthecustomerwon’t feelgoodaboutthesale. Ifmakingsalesthatfeelgoodisachallengeforyou,considerthesebestpractic- esandseeifyoufeelbetterinacouplemonths.Sellingishard–tellingiseasy. Remembertokeepyourprospectattheforefrontofeverything.Alwayscom- municatevaluetotheprospect(thisshouldbewhat’sinitforthem,notyou). Thedifferencebetweenasalethatfeels“stuffy”andasalethatfeelsgoodisall inthefollowupprocess. Buildingarelationshiptakestime,it’smorethanjustaninitialmeetingorone followup–itdoesn’thappenovernight. Salesareahugepartofeveryorganization.Thisiswhatkeepsthelightsonand makesthebusinessrun(nottomention–thisishowyoukeepyourjob).There aremanysalestechniquesouttherebutnotallofthem feelgenuine.Youmay befacingsomesellingchallengesasmostsalesprofessionalsdo.Ifyoufeellike a“slimycarsalesman”whiledoingyourjob,thenyouprobablyneedtomakea fewshiftsbothmentallyandstrategically. Herearesomebestpracticeswhenitcomestomakingsalesthatfeelgood. Thesetechniquesareagreatwaytokickoffyoursalesplanningandfeelgood aboutyourcontributionstoyourorganization. http://www.convergehub.com 510.924.1683 info@convergehub.com
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