In golf, there is a saying that, "You drive for show, but you putt for dough."
In selling,
you prospect and present for show, but you overcome customer skepticism
and gain commitment for dough. Your ability to answer objections and get
the sale is the true test of how good you really are as a salesperson.
The True Test of Selling
This is
perhaps the most stressful and challenging part of the sales process.
It's where the rubber meets the road. It is your ability to answer the
questions that the prospect puts to you and overcome his natural
reluctance to make a commitment that wraps up the sales process. It is
also the part of the sales process that salespeople dislike the most and
which customers find the most stressful.
Plan It in Advance
The end game
of selling must be carefully thought through and planned in advance so
that you are thoroughly prepared to bring the sales conversation to its
natural conclusion at the earliest and most appropriate moment.
Fortunately, this is a skill, like riding a bicycle, that you can learn
through study and practice.
Handling Objections Comes First
Handling
objections and closing the sale are two different parts of the sales
process but they are so close together that we'll discuss them as a
single function. Just as there are reasons why people buy a product,
there are reasons why they don't. Often answering an objection or
removing an obstacle is the critical element in making the sale. You can
answer the objection and close the sale simultaneously.
Make It a Reason to Buy
Objections can
be turned into reasons for buying. Just as there is a primary reason
for buying a product, a hot button, there is a primary objection that
stops the person from buying it. If you can emphasize the one and remove
the other, the sale falls together naturally.
Smaller Products Versus Larger Products
In selling
smaller products or services, where you can prospect and make a complete
presentation in the first meeting, your approach to closing will be
different from that required if you are selling a larger product in a
multi-call sale that stretches over several weeks or months.
Ask For the Order
In the
shorter, smaller sale, the prospect knows everything necessary to make a
buying decision at the end of your presentation. Your aim should be to
answer any lingering questions and then ask for the order. In the larger
sale, you may have to meet with the prospect several times before the
prospect is in a position to make a buying decision. You will have to be
more patient and persistent.
Action Exercises
Here are two things you can do immediately to put these ideas into action.
First, prepare
yourself in advance for the endgame of selling by anticipating anything
the customer might offer as a reason for not buying. Be ready.
Second, look
for the hot button, the reason the customer will buy, and press it.
Meanwhile, find out his major reason for not buying and remove it.
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