The
Secret to Handling Objections by Brian Jeffrey, CSP
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In my early
years of selling, whenever I got an objection, my heart would
sink, my stomach would go into turmoil, and my mind would shift
into overdrive trying to figure out how to deal with it.
All my early
sales training and all the sales books I'd ever read made a big
deal about having to deal with and overcome objections. It was
as though every sale contained a mountain called Mount Objection
that had to be scaled before sliding down the other side to a
Close. It seemed that if you didn't get any objections, you weren't
really making a sale; you were just having a conversation with
the customer.
Even today,
any sales training workshop worth its salt, including ours, spends
time showing salespeople how to handle objections. Frankly, I
feel the sales training community spends far too much time showing
people techniques for handling objections.
That's right, I said we spend too much time on this topic. Before
you mentally tar and feather me, hear me out.
What
is an Objection
How many real objections do you actually get? What exactly is
an "objection"? Is it a roadblock to be overcome?
Is it an obstacle to closing the sale? Is it a mountain
to be climbed? Webster's dictionary defines "objection"
as "an expression of opposition or disapproval."
If you disapprove
of or oppose someone or the company he represents, are you going
to do business with them? Hardly.
When the customer
says your price is too high, or your delivery is too long, or
the specifications don't meet his needs, or he's happy with his
current supplier, does that mean he disapproves of or opposes
you? Of course not.
So what you
might consider to be objections aren't really objections at all,
but are sales realities or simple expressions of concern on the
part of the customer.
Of course
the customer is concerned about the high price because he's not
convinced of the value. Of course he's concerned about long delivery
because that will cause him delays or problems. Of course he's
concerned about the specifications because your solution isn't
going to do the job. And of course he's happy with his current
supplier. If he wasn't, he'd come looking for you instead of the
other way around.
Are there
any real "objections?" Probably. How about, "The
last time I bought from you delivery was eight weeks late,"
or "Every time I try to get service, no one calls me back."
Biases
and Roadblocks
You can also run into biases and uninformed customers who throw
roadblocks in your way because they simply aren't going to buy
from you no matter what. That's not a sale, that's a sales nightmare.
Some people won't buy because you're a woman or not a woman, you're
too young or too old, or for whatever reason they don't like you
or your company. These aren't real objections. They're biases
and you're dancing to someone else's tune, the title of which
is "There's No Sale Today, Martha."
Avoid
Objections
So what's the secret to handling objections? The secret is to
manage the sales process so as to avoid them. That's it. Now,
how exactly does one do this? Well, first of all, remember that
people buy from people they know, people they like, and people
they trust. So build rapport, be likeable and be trustworthy.
Do what you say you'll do when you said you'd do it. Secondly,
listen to your customer's concerns. Find out what's standing in
the way of his buying from you. What is he unsure or uncomfortable
about?
If you've
spent the major part of the sales process asking questions, probing
and qualifying the customer, you will probably have a good idea
of what situations have to be solved or clarified before the customer
will feel comfortable moving ahead.
Sometimes
there's no simple solution to the customer's concerns. That's
when the customer will hesitate to move forward. If you can't
find a solution, maybe you can negotiate a resolution.
Perhaps a
delayed delivery can be offset in some manner. Maybe no one's
product will meet the customer's required specifications and your
task is to help the customer accept your solution as the closest
match he's likely to find.
Negotiate
a Resolution
Whatever it is that's keeping the sales process from moving forward,
it's your job to identify it and to address it in a professional,
non-confrontational manner. You're not trying to overcome the
objection; you're working with the customer to resolve the situation
in a mutually beneficial manner.
When you do
this in a spirit of friendly cooperation, you're partnering with
the customer and coming across as a problem solver, not a peddler.
So, by treating
what is often considered objections as simple requests for more
information or clarification, you can reduce the stress of the
situation and keep the sales process moving, hopefully to a successful
conclusion.
Should sales
trainers stop teaching objection-handling techniques? No, but
they should put more emphasis on how to avoid customer concerns
from coming up in the first place. They should help salespeople
recognize the difference between a valid customer concern and
an emotional bias. Salespeople need to improve their skills at
uncovering the customer's concerns early in the sales process.
They also need to know the difference between a put-off and the
reality of human nature that causes a customer to say, "I
want to think about it."
The final
secret of handling objections is to listen. Most salespeople wouldn't
listen at all if they didn't think it was their turn to talk next!
You need to hone your skill at not just hearing what
the customer is saying, but understanding what the customer
is saying.
Once you understand
what is standing in the way, you can work with the customer to
pave the way to a smooth sale. The key to handling objections
isn't confrontation; it's cooperation.
So the secret
to handling objections is to cooperate your way to more sales.
About
Brian Jeffrey
Brian Jeffrey is a sales trainer, sales management consultant,
columnist, and author of numerous e-books as well as over 100
articles on sales and sales management. His company, Salesforce
Assessments Ltd, helps sales managers avoid costly hiring mistakes
by providing specialized sales assessments and other tools to
better match the salesperson to the job. For more information
visit www.SalesforceAssessments.com.
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Beyond
Value: How to Become Invaluable to Your Customers by Jill
Konrath |
As sellers,
we're continually told to sell value and to let our prospects know
about all of our value-added services. After all, that's how we're
going to win the sales. Right?
Not necessarily.
Value is relative. It's in the eye of the beholder. So much depends
on how the decision makers you're dealing with perceive "value."
And even then, selling "value" may be totally ineffective
- or not enough to make the difference.
To be successful
in today's business environment, you may need to be invaluable
to your customers.
Basically
customers can be segmented into three different types based on their
perceptions of value and what you can do to increase your sales
effectiveness when working with them.
Commodity
Buyers
These buyers know exactly what they want and how to use it. They
don't need sellers to explain the details. Commodity buyers typically
value:
- Low costs.
They don't want to pay any more than necessary. To be successful
with these buyers, companies need to pull as many costs as they
can out of their supply chain.
- No hassles.
Make it simple, simple, simple to do business with your company.
Give them an 800 number, send quick quotes, or allow easy online
ordering and they're happy.
We're all commodity
buyers at times. When I order things like contact lenses and office
supplies, I just want good pricing and fast service. As a seller,
there's little you can do to create value or sell "value add."
I really don't care. It's up to your company to make it cheaper,
simpler to order, delivered to my door and with easy returns if
I need to send it back.
Strategic
Partner
These people are looking far beyond the scope of your products or
services. They want a strategic partnership. They're looking at
how to best leverage their organization's core competencies in combination
with another company's core competencies. These buyers value:
- Intimate
and strategic relationships between multiple levels within both
organizations.
- Mutual investments
in joint projects.
- Merging
of systems to accomplish more than either organization could do
alone.
Working with
Strategic Partner buyers requires a major corporate commitment and
is far beyond the scope of any one seller. If your company isn't
capable or willing to do this, these buyers aren't interested in
working with you.
By yourself,
you can't create the value they need. But if your company chooses
to do this, you and your firm will become absolutely invaluable.
"I
Need to Make a Sound Decision" Buyer
These buyers are either spending a lot of money on a decision or
they don't know everything there is to know about what they're buying.
Typically their decision process is complex, involves multiple people
and takes place over an extended period of time.
If corporate
decision makers are seriously considering your product or service,
they assume it meets their basic requirements and that your organization
is reputable. Having a decent offering gets you in the game, but
does not typically provide enough value to win the business.
In fact, with
these these buyers, the seller creates the value by what they personally
bring to the relationship. These buyers value sellers who:
- Help them
understand their problems in greater depth.
- Add additional
insights into the challenges they face.
- Share relevant
information regarding "best practices."
- Develop
unique, innovative approaches to resolving their business issues.
- Keep them
up-to-date on trends in the industry and how others are addressing
them.
- Help them
find ways around the obstacles they're encountering, and
- Propose
new ways to do more with the same investment.
Becoming
an Invaluable Resource
What makes a seller invaluable? The ability to contribute so much
more with each and every customer interaction - so much so that
they can't imagine doing business without you.
Let me give
you an example. Say your company handles direct mailing programs,
a fairly non-differentiated service offering.
Here are some
ways that you, as the seller could become invaluable to your customers.
You could:
- Share ideas
about other company's direct mail programs - what works, what
doesn't.
- Help them
find ways to increase the results of their existing direct mail
programs.
- Show them
how to reduce the overall costs of the program while maintaining
its effectiveness and integrity.
- Let them
know what their competitors are doing.
- Develop
ways to increase the quality of their database.
If you keep
thinking, you can come up with even more ways to become invaluable
such as:
- Working
collaboratively with related vendors (i.e. agencies, telemarketing
firms) to smooth out the hand-offs.
- Helping
them establish important criteria for their vendor selection process
that they currently may not be aware of.
- Proposing
ideas for new programs to help them achieve their desired marketing
results.
- Acting as
an advocate within your own organization on issues impacting the
customer.
- Suggesting
ways to improve the work flow between all companies and internal
departments working on the project.
To become invaluable,
you must bring more to the relationship than just your standard
product or service. What you want to create is a situation where
corporate decision makers can't live without your ideas, insights,
and knowledge.
Becoming invaluable
doesn't just "happen." You need to invest in yourself.
Learn more about your customer's business. Figure out how to help
them improve it. Be an idea generator. Become an expert in your
field. It takes a real commitment on your part.
Only the best
make that commitment. But it truly sets them apart from everyone
else and literally makes them invaluable.
About
The Author:
Jill Konrath,
author of Selling to Big Companies, helps sellers crack
into corporate accounts, shorten sales cycles and win big contracts.
She is a frequent speaker at national sales meetings and association
events.
For more article
like this, visit http://www.SellingtoBigCompanies.com
. Get a free Sales Call Planning Guide ($19.95 value) when you sign
up for the Selling to Big Companies e-newsletter.
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I
Propose by Kelley Robertson
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Many companies
and their decision-makers require written proposals, and if you
are like many sales people, you probably shudder at the thought
of this request. However, writing a good proposal doesn't have to
be painful providing you keep a few points in mind.
First, recognize
that closing the sale in a business proposal is a process, not an
event. It doesn't occur just because you have asked for a commitment
or because you have presented all the features and benefits of your
product or service. When a customer or prospects agrees to do business
with you after reviewing your proposal, it means that you have addressed
their key issues and demonstrated exactly how your solution will
benefit their company. This requires a bit of strategic planning.
Unfortunately,
too many sales people spend too much time talking about their company,
product or service at the beginning of the proposal. The drawback
with this approach is that decision-makers are extremely busy which
means they don't want to waste their time reading something that
has little or no relevance to their situation. Salespeople will
argue that this information is critical and that they need to present
it in order to show how their solution is appropriate to the customer's
situation. While this is true, it is essential to direct your initial
focus on the customer and demonstrate that you have a good understanding
of your prospect's issues and concerns.
Great proposals
often start with an executive summary which highlights the prospect's
current situation or problem and how this issue is affecting the
company. This means you need to ask your prospect key questions
during your conversations. In the hundreds of sales training workshops
I have conducted over the years, I have discovered that the vast
majority of sales people fail to ask their prospects sufficient
insightful, thought-provoking questions. As a result, they fail
to understand the negative impact of a particular problem on the
company's business. However, stating the impact of the problem in
your proposal can reinforce to the decision-maker, the importance
of implementing a solution.
Closing the
sale in a proposal means positioning your solution and demonstrating
exactly how your prospect will benefit by using your product or
service. Far too many sales people forget this critical element.
They discuss many of the features and benefits of their solution
but they fail to outline the impact of their solution on the prospect's
business. The challenge is that the majority of sales people do
not discuss this with their prospect. Therefore, they cannot address
it in their proposal.
Reduce the prospect's
risk. Many people would rather tolerate working with a vendor who
is not performing well rather than make a change because of their
fear of the unknown or the pain that is often associated with making
a significant change. I once retained the services of a particular
individual even though I was not completely satisfied with his work
simply because I dreaded the hassle of finding a new vendor. If
this is a potential concern of your prospects, then offer some type
of reassurance or guarantee to reduce or eliminate this fear.
Closing the
sale in a proposal also requires some form of action or commitment.
Ending your proposal with a feeble statement such as, "If you
have any questions please let us know" is not effective. It
is essential that you clearly outline the next step(s) you expect
from your prospect along with a time frame.
Lastly, keep
your proposal as brief as possible. Unless your solution is extremely
complex, you need to keep it short, clear and concise because executives
simply don't have time to read a fifty-page document. Besides, short
proposals are usually much easier to read and understand. I recall
the very first proposal I was required to present. Because I didn't
know any better, I only included information that I felt was relevant
to my prospect and was able to outline a thirty thousand dollar
project in just three pages. After we reached an agreement I asked
what influenced their decision and was told, "Your proposal
was easy to understand."
The bottom line?
If you have asked your prospect enough of the right questions and
positioned your solution in a manner that demonstrates exactly how
your solution is the best one for your prospect, and removed the
risk, you increase your ability to close the sale.
© 2008
Kelley Robertson, All rights reserved.
Kelley Robertson,
author of The Secrets of Power Selling helps sales professionals
and businesses pinpoint what they need to do differently to improve
their sales. Receive a FREE copy of "100 Ways to Increase Your
Sales" by subscribing to his free newsletter available at www.kelleyrobertson.com.
Kelley conducts workshops and speaks regularly at sales meetings
and conferences. For information on his programs contact him at
905-633-7750 or Kelley@RobertsonTrainingGroup.com.
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Two Dangers of Embracing Your Success by Dave Anderson
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When you become successful the natural tendency is to embrace the
things that got you there. This seemingly logical thinking can present
several problems because while some aspects of what you did to get
to where you are will help elevate you to where you want to go,
there are other components may actually inhibit your climb to the
next step. Here are a couple of examples that illustrate how past
success can work against you:
- The
leadership style you assumed to get you "here" probably
isn't what will be required to get you "there." For
instance, if you're turning around a failing department, chances
are good that you will have to be a one-person show for a period
of time: making every decision; solving every problem and having
all the ideas. You may also have to assume the role of a mini-dictator
if your back is against the wall, time is running out and you
don't have time for consensus. These practices are often necessary
and effective when you're saving a sinking ship. However, if you
persist in this style after things begin to stabilize and move
forward you will be too dependent upon yourself and fail to build
the team necessary to reach higher plains. In other words, what
got you "here"—your own energy, drive and talent
at executing—may not be what it takes to get you "there"—the
multiplication of your leadership through a highly developed team
that can move the bar faster and farther than you could ever dream
of doing on your own.
- The second
potential pitfall of embracing success is that success can make
you unteachable. You may be tempted to point to your success as
a permission slip to discontinue your leadership education--convinced
that you know enough about what you're doing and will take what
you learned once upon a time and stretch it as far as you can.
In fact, if you can find some extra time you may be tempted to
write it down; build the manual and document your formula! After
all, you can't argue with success, right? Wrong again because
the skills that got you "here" may not be the skills
that get you "there." This is especially true in an
age where business is increasingly dependent on new technologies;
new competitors emerge overnight; products and services quickly
become outdated and employees, in general, are more difficult
to manage by virtue of their sense of entitlement, questionable
discipline and a "happy feet" tendency to jump ship
at the drop of a dime and test greener pastures elsewhere.
It's become
so common that I'm no longer surprised during my leadership seminars
when I ask a group of highly paid professionals in leadership positions
if they read leadership books and get blank stares in return. If
I could read their minds I'd bet big money I'd hear conversations
like this bouncing around in their brains: "I'm already a leader.
Why would I need to read leadership books? Doesn't this guy know
that we had a record year last year and that I made more money than
I ever had before? Obviously, I know my stuff or I couldn't have
achieved such a feat. Now, Golf Digest and Field & Stream ;
that's more my style." Frankly, if ignorance were bliss these
folks would be the happiest people on earth because they're too
proud, foolish or clueless to understand that what got them "here"
won't get them "there" and it's just a matter of time
before they become irrelevant as leaders. I wouldn't allow someone
with this attitude to play amateur hour with my business any more
than I would employ a doctor, attorney or CPA who had stopped upgrading
their own skills and had pledged allegiance to yesterday's methods.
This might be
a good time to evaluate your leadership style and your dedication
to further your leadership skills. Determine if you are relying
too much on what got you "here," then pinpoint what you
may need to change to get you "there."
About
The Author:
Peak performance author, columnist, trainer, speaker and radio show
host for sales, management and leadership, Dave Anderson walks the
talk as a leader. He has led some of the most successful retail
automotive dealership in the country—the most recent dealer
group he led had over $300,000,000 in annual sales—and now
gives 150 presentations, workshops and speeches annually on sales
and leadership development around the globe.
Dave is author
of over 50 training programs on sales, management and leadership
including the books, Selling Above The Crowd: 365 Strategies For
Sales Excellence and No Nonsense Leadership: Real World Strategies
To Maximize Personal & Corporate Potential. Dave authors a monthly
leadership column for Dealer magazine, publishes a monthly leadership
newsletter and hosts the weekly radio talk show, Dave Anderson’s
Learn To Lead Hour. His books, cassettes, videos, newsletter, column,
web articles and live presentations pull no punches and provide
real world strategies for peak performance in business and in life.
Dave is a member
of the National Speaker's Association and is a featured speaker
at conventions worldwide.
Dave is president
of the Dave Anderson's Learn To Lead and LearnToLead.com, a cutting
edge web site providing hundreds of free training resources to thousands
of subscribers in over 30 countries.
Contact
Information:
The Dave Anderson Corporation
P.O. Box 1119
Los Altos CA 94024
Phone: 800-519-8224
www.learntolead.com
dave@learntolead.com
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