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SMASHING THE STALL
WALL Turning "Maybe" to "Yes" in Five Steps By Tamar Love
You've made an excellent
presentation to a potential customer, building rapport and
carefully outlining the benefits of your product. Your client
has asked questions and reviewed your proposal with interest,
seeming genuinely committed to closing the sale. Satisfied
with your progress, you move in for the kill-and then your
client voices the phrase every salesperson dreads hearing: I'd
like to think it over.
Although these words can seem
like a resounding "NO!" they don't have to signify the end of
your relationship with your client. If he weren't interested
in your product, he wouldn't have lasted this far into your
pitch. Something is stalling him, keeping him from committing
to your services. Your job is to find out what that
"something" is, address your client's concerns and close the
sale.
Turning the Stall into a
Sale While you might be tempted follow up later, giving
your client a chance to think things over, don't do it! Only
five percent of follow-ups ever result in sales-95% of these
potential customers either shop around or forget about your
services altogether.
Un-stalling your prospect is
easier than you might think. All you'll need are the sales
skills you already have-active listening, empathy and
persistence-and knowledge of a few simple techniques that will
help your potential customers understand why it's better for
them to buy now.
Step 1: Understand Your
Client Ask concise questions that indicate you want not
only to be of service, but also to understand your client's
needs. If your prospect believes you are genuinely interested
in him, then he will be much more likely to respond positively
to your questions.
Don't overload your prospect with
intrusive queries, but instead limit yourself to a few
focused, open-ended inquiries:
- "What interests you most about
my services?"
- "What are your primary
concerns about committing to my services?"
- "What can I do to earn your
business?"
If you tailor your questions to
your client's particular mood and situation, you'll be able to
not only understand your client's motivation, recognize the
reasons why your prospect is stalling and guide him toward
making a decision, but also identify why he was interested
enough in your product to stick around in the first
place.
Step 2: Focus on the
Positive While you'll eventually want to neutralize the
impediments to your sale, consider first highlighting your
prospect's positive feelings about your services. Restate his
positive comments about your product, framing his words in the
most positive light:
- "You need a new insurance
policy because you've just made an addition to your home and
you want to protect your investment."
- "You think this package would
really suit your needs because it's comprehensive,
inexpensive and easy to understand."
- "You've already invested a
considerable amount of time researching your insurance needs
and my services are consistent with what you've found to be
of good value."
By building on your customer's
positive feelings about your product, you'll reinforce the
reasons why he already wants to close the sale, helping him
make the decision to commit to your services.
Step 3: Eliminate the
Negative Once you've helped your client understand how
your services clearly meet his identified needs, the negative
aspects blocking his ability to make a decision won't seem as
important. However, you still need to address these concerns
or your prospect won't feel comfortable committing.
In Step One, you determined what
factors were causing your client to stall. Perhaps his reasons
fell into one of the following categories, all of which can be
easily clarified and neutralized:
- Need: In Step
Two, you identified and restated your client's need for your
services. If he still feels he doesn't need your services,
ask a few more questions until either you understand what
he's looking for or he understands that you can provide
it.
- Trust: Without
your client's trust, you'll never close the sale. If he's
hedging because he isn't comfortable with you or your
company, give him more information about the quality of your
product, the integrity of your organization and your
personal commitment to his satisfaction.
- Capacity: If
your prospect doesn't have the authority to make the
purchase or the ability to pay for it, help him determine
how best to sidestep this problem.
- Urgency:
Probably the most common sales stall, lack of a sense of
urgency can kill your sales prospects. However, once you've
recognized this block, it's easy to work with your client to
understand why it's important that he buy now.
It's critical to remember that
your client's concerns are legitimate-don't diminish his
concerns, but instead present possible solutions for
them.
Step 4: Commit to
Action If your customer still isn't willing to commit
100%, try to define "baby steps" he can take that will move
him closer to the sale. Does he need more information? Get it
to him. Does he need to consult with his partner? Help him
develop talking points to facilitate the conversation. Does he
want to research the problem? Provide him with resources that
point toward your solution.
Even if your prospect isn't ready
to sign, try leave him with a "to do" list. If he feels a
sense of commitment to you and your services, he is more
likely to change his "I'll think about it" to "I'm ready to
commit."
Step 5: Follow Up If
you are unable to close the sale during the current meeting,
plan out follow-up steps with your prospect, involving him in
the process. Make an appointment for your next discussion
customer, and email him just prior to the meeting to recap
what you'll be discussing. If you are serious about following
up and take steps to ensure your customers feels a sense of
commitment-not pressure-you'll have a great chance of closing
the sale.
Remember, top sellers have a few
key skills in common-ambition, persistence, empathy,
goal-orientation, determination and honesty. By using these
tools and following a simple approach, it is possible to smash
the stall wall and turn your "maybes" into strong
"yeses."
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