Friday, February 26, 2010

Any Objections?

I am often asked, “Do you have any good ideas for handling objections?”

Objections are one of the most misunderstood concepts in sales. Most of the reason why prospects don’t like to deal with salespeople is because of the ridiculous techniques devised for overcoming objections.

My first sales manager gave me a book called 101 Way to Close and Deal with Objections, or something like that. I remember tip # 22: Now that you are thinking about it Mr. / Ms. Prospect, what is going through your mind? And # 78: Well sir, you know, you get what you pay for.

Here’s a revelation for you: If you receive the same objection three times in 60 days, you are the cause of it. What? How can that be? It’s Pavlov, my friend; stimulus and response. You are providing the stimulus to cause the response.

If you are hearing the same objection, here is what you should do: Bring it up first. That’s right. Be upfront about it. Don’t wait for the bomb to explode. Disarm it by dealing with the objection before your prospect does - not by selling more features and benefits and avoiding it. Be polite and nurturing, but face it upfront.

For example, you might say, “Before we launch into this demo, may I share a problem I have with you, and ask you a question? The problem is when I get done with the demo; people typically have some confusion about integration with current platforms and custom application. Since I don’t know your business as well as you do, could I ask you to do me a favor? Will you please ask me enough questions to make a decision as to whether or not you want to proceed? If you don’t want to, that is okay. If you do, we will define each step clearly. Alright?”

You cannot overcome your prospects’ objections because they are not yours. You can, however, ask questions to help the prospect move forward or move out, and either way is okay!

For more information about sales development goto www.mytraininganddevelopment.com

Monday, February 08, 2010

How do you get more demos to turn into business?

The typical sale goes something like this: lead, contact, qualifying questions, demo. You blow them away and then you hear, “Looks great. We’ll get back to you.”

If your closing percentage is less than 80%, you are doing too many demos.

Before your next demo, consider the following check list:

1. Everyone involved in the decision process is at the demo.
2. A decision is promised at the end of the demo - ‘Yes’ or ‘No’.
3. Yours is a cost effective solution and you will make profit.
4. Everyone understands the potential headaches.
5. The potential client has agreed to buy from you.
6. The potential client is committed to buying from someone.
7. They have the money/funding and will spend it.
8. They know about how much your product/service will cost.
9. The competition has been displaced.
10. There is enough discomfort for them to go through with a change.
11. Competitive quotes are a formality and you understand their process.
12. The prospect has shared personal compelling reasons to move forward.
13. ROI has been established, discussed and detailed.
14. Past results of other products/service were discussed.
15. The cost of the client’s problem has been identified.
16. The relationship is solid with everyone.


If any of the above are not discussed in depth prior to the demo, you have a suspect not a prospect. Don’t waste your time on demos for suspects!

For more information about sales development goto www.mytraininganddevelopment.com