The most
important part of the sales process is the close. You can think of the close as
the point in your presentation where you state to them the most compelling
reasons to accept your proposal, answer questions, and overcome objections. In
this article, I want to challenge you to rethink this sales model and turn it
upside down.
If you’ve been selling for a
while you know that the key to getting the job is often a matter of overcoming
your client’s objections. Certainly you hear many of the same objections over
and over again. You should be able to anticipate these and deal with them
before they are raised, and not after. Objections can include any number of
things.
Think
about the most common objections you encounter in your sales process. For me
there are three biggies. They are credibility (can I really do what I claim I
can), trust (do they believe what I am telling them), and value (is my price
too high). Yours may be different, but let’s use these in order to narrow it
down and offer specific advice.
Very
few people are going to come out and tell you they don’t trust you. Instead
they may say, “I need to think about it for a while.” Once you’re out of their
house, you won’t be coming back. Trust can be built up by positive polite
actions. The best time to overcome concerns is when you pull up to the
customer’s home.
Don’t forget, you’ve been
called out to solve a problem. You will build credibility (and help with the
trust issue) by asking deep probing questions; questions that show you really
care about their problem. Whether that problem is temperature, security, bugs,
or remodeling your client expects you to propose a solution. In order to make a
diagnosis of the problem, you must first perform a thorough analysis.
If you have a technical
background, you may be over relying on your technical skill. Clients don’t buy
things, they invest in solutions. Use your technical ability to analyze the
situation, but don’t forget to thoroughly question the home owner. Your
discussion with the home owner is part of your close. You are building trust
and credibility.
Using open ended questions
is the key. If you sell air conditioning you might ask, “How do you feel about
your current systems?” If you are in the kitchen remodeling business you may
ask, “How do you feel about your counter tops? Are there any materials you are
particularly fond of?” Closed ended questions are very powerful when used
correctly. For example, “What is most important to you, the overall price or
warranty?”
The Dreaded Price ObjectionOur
research clearly shows that this is the one objection most sales people are
afraid of. First, let’s make one thing perfectly clear; price and value are not necessarily the same thing. You can pay very little
and get a bad deal. You can pay a lot and get a great value.
They
key to overcoming the price objection is to build more value into your sales
proposal than any other salesperson has. In other words, make your solution
such a “great deal” that they would be crazy not to accept it. Let’s elaborate.
Value
can be measured using the following formula: Benefit - Price. When you reduce
what you are giving the client by what the client must pay, anything left over
is called value (or a great deal). To build value you must figure out what is
most important to your client and speak a solution. Talk about benefits and not
features. How will this appliance save them money, make them more comfortable,
or increase the value of their home? Everyone has hot buttons. You must figure
out what those buttons are and provide solutions. If your solution solves more
of their problems than anyone else’s had, your proposal is the best deal.
Here is some good general
advice in dealing with objections.
Always treat objections as
if your client was saying, "I'm not sold yet on the facts and information
you have presented. Could you please give me more information, so that I can
make an educated decision?"
Never start a sentences with
a "stop word" such as "BUT". How many times have you heard
that "the salesman won the argument but lost the sale”? This doesn't mean
that you have to agree the customer is right and you're wrong. However, it does
mean that you can agree to understand his point of view.
Many times the best way to
overcome an objection is to mention it first (before it even crosses the
customer’s mind) and overcome it during your presentation.
For example, if you were
having difficulty with the price of a super high efficient appliance, remind
your client several times during the presentation that, "It is the
cheapest appliance on the market to own due to its reliability and supreme
efficiency." By the time you get to the close, "The price is too high!"
will not be an objection.
Remember this: You help build trust and credibility with
your actions the moment you walk through the door. These help you to address
objections the client may have, but won’t mention. One thing is for sure
though; people prefer to spend money with those that they like. You must
convince your client that you understand their problem and that you have the
correct solution. They must believe you are honest and know what you are
talking about. The most important thing you can do is be polite, energetic, and
enthusiastic.