The Sales Pro Insider Building Performance Profits and People

Closing more sales. It’s the goal for sales managers and professionals alike.  And both are frustrated when it doesn’t happen.  How do I know this?  I ask!

During the needs analysis with a prospect, we always ask “What are the barriers to getting where you want to be?” or “What is keeping you from achieving the goals that are set?” Nearly 90% of the time, one of the reasons given by sales managers is that “My people aren’t closing sales. They do all the work and then the final decision is stalled. They don’t move them through the pipeline.”

If I ask sales people, “What keeps you from closing more sales?” I often hear, “The buyers don’t make decisions timely.”

When I ask buyers why they haven’t decided, they have said “They never asked!”

Okay, so what can be done to get buyers to decide and sales pros to close?  It may be more simple than you think – you need to ask! 

I can’t count the number of times I have observed or coached a sales pro to find out that they do a LOT of work to build the relationship, identify the wants/needs and demonstrate their value.  And then wait. And check in. And wait. Then check in again. But they never have asked to find out the answer!

Instead, there are important questions to be asked after the recommendation is made!  They questions fall into two groups:

• Objections
• Decisions

Unless we ask for their opinion on concerns/objections, we may never know where we really stand.  Until we ask for a decision we may never ‘win’ the deal.

What can you do to close more sales?  First, find out where they are in their thought process and if there are any objections, ask,

• “How does what we’ve discussed sound to you?”
• “What concerns do you have about this solution or me/my company?”
• “What barriers do you see in implementing this?”
• “How does this align with your goals?

Notice these are open ended questions that ask for opinions, ideas and feedback?

Then after listening and responding appropriately, ask for a decision:

• “What is the next action for you in the decision making process?”
• “Have we covered everything you need to make your decision?”
• “Are you ready to move forward?”
• “Can we initiate the paperwork today?”
• “Should we wrap this up?”

Some of these are still open ended to allow you ‘test the water’ before asking for a decision.  But then you HAVE to ask for a decision!

Want to know if this works?  Try it and you will see that it does.

The reason I am writing this post today is because I just used this process with the IRS. Yes the IRS!  They never say ‘yes’.  But I looked at appealing a penalty charge as an opportunity to sell – to build a relationship with the agent, ask for concerns, and then ask for the removal of the penalty.  The charge was relevant – in switching the Sales Pro Insider accounting systems last June, one of the federal tax payments was not made.

It took me two letters and a phone call – which is what sealed the deal. During the call I focused on building rapport, working through the situation together and then asking for the penalty to be removed. The agent cheerfully – really cheerfully – said he would recommend a removal.  I just opened the letter that said it had been approved! A large penalty was removed from the account.

This situation is a great reminder for us all – you don’t get what you don’t ask for. 

My recommendation to you?  Look at your pipeline. What prospects are stalled?  Which situations did you maybe not ‘close’ with the right questions? Then determine how to initiate contact with the prospect. Your objective is to first identify if there are concerns, find out if what you have discussed is of value to them and then ASK for a decision.  The decision might be the buying decision or a decision that they will take an action or talk with  you at a specific time.  And if you get a ‘no’?  Then you know where you stand and can move on to more probable prospects.

In the spirit of asking today – I ask you – who do you know would find value from this blog? Send them a link please!

And if you haven’t already done so, what keeps you from signing up for the Timely T ips ezine here?  Every few weeks you will receive the ezine with helpful tips and fun tidbits. Just for signing up you receive the Timely Tips to Achieve Your Goals eBook – a great roadmap and toolkit for you!

Filed Under: Open ended questions, Sales Objections, sales success, sales tips

What happens when you hear an objection?  Do you freeze?  Do you run?  Do you get defensive?  There are many ways to respond to objections – and most will kill your sale!  But when you listen to the objection and respond appropriately, the sale will live on!

My energetic and unbelievably talented colleague, Colleen Francis of Engage  Selling just posted her two-step formula for responding to objections on her blog today:

Here’s a proven two-step formula that can help you handle any pricing objections your prospects throw at you.

 Step 1: Shut up!

 Whenever you’re faced with a difficult question or objection, the first thing you need to do is take a deep breath, make eye contact with your prospect and silently count to three.

 It is amazing how many clients will answer their own objections, or at least give you some much-needed information, when you simply say nothing. Don’t be afraid of silence. Practice it until the three-second pause becomes one of the most effective tools in your arsenal.

 Step 2: Ask questions.

 You can ask up to three questions before you have to answer an objection – provided you ask the right questions in the right way.

 The key is to acknowledge what the customer is saying and then offer them a compliment before asking your question.

 Which questions should you ask?

 Once you’ve acknowledged the objection, ask them a question that is both direct and phrased to elicit more information. Try the following.

 Prospect: “Your price is too high!”

Sales professional: “Thanks for sharing that. How much too high are we?” or “You’re right; we are more expensive than most. How much were you hoping to pay?” or “I appreciate your honesty. Is our price a showstopper?”

 Prospect: “I need a discount!”

Sales professional: “It’s good of you to be looking for the best deal. How much of a discount do you need?” or “Making sure you’re getting the best deal for your company is a good idea. If we can’t budge on the price, does that mean it’s over between us?”

I agree wholeheartedly with the two step approach.  One caution:  Be careful NOT to ignore the emotion that the customer is displaying when they share the objection.  Match the intensity of the emotion with your response/question.  Or there will be a disconnect.  In fact, this is so important, the next Sales Pro Inisider post will address intensity and emotion.

For today, Colleen Says “Shut Up”, I say “Be Quiet” for at least 3-5 seconds when you hear an objection. Then open your mouth and the discussion with a good question to learn more about the objection.

Filed Under: Sales Objections