Objections:
A Natural Part of the Sales Process (appeared
in the February 17, 1999, issue of inBIZ magazine of central Colorado)
By: Thomas Young During the selling process, prospects
may express concerns or hesitations about buying. These are called objections
and are a natural part of selling and communicating. Following are a few tips
regarding dealing with objections. Validate the Objection Always
validate the objection and never argue or disagree with the customer. Repeat back
to the customer what you’ve heard and do not become emotionally attached to what
is being said. This is especially important if the customer is becoming angry
or frustrated. It is important to support the customer’s statement and clarify
the objection before responding. Never respond to the objection immediately. Ask
Questions The best way to deal with an objection is to ask a question.
Understand that the customer does not share your thoughts and feelings about the
product or service that is being sold. In order to bridge this gap, use the words
and thoughts of the customer and ask questions. The sales process evolves out
of what is in the customer’s mind. Find the real concern and help
solve the customer’s problem. The true meaning of most objections is not in the
words. The goal is to find the real reason for the objection. Treat objections
as questions and uncover solutions. Work to develop a win-win situation. Ask for
clarification, maintain good eye contact, monitor nonverbal messages, and take
responsibility for miscommunications. Write Common Objections
Anticipate the most common objections you hear and be prepared to solve them with
the prospect. Let the prospect know you have heard the objection before, but were
still able to help other clients. Adapt to Ups and Downs Remain
focused and consistent in your sales efforts, without responding or engaging,
to the highs and lows of the sales process. Be calm and collected when facing
the loss of a sale or signing the biggest sale of your career. This is effortless
selling, because it does not drain emotions or waste energy. This is effortless
because you listen to and learn from the customer the proper response and action.
Objections are Buying Signals Everything the customer does
-- or does not do -- is a buying signal, including objections. Most buying signals
are nonverbal. Understand that most of what is heard in a communication is nonverbal,
even on the telephone. Successful sales people can read and intuit these signals.
Understand what is going through the mind of the customer during the sales
process. Engage customers in areas that bring these thoughts to the surface. In
this way, the sales process becomes much more effective and focused on the core
needs of the client. Price Objections Price issues are one of
the most common objections in sales. Remember, price is a relative issue. The
key is perceived value and return on investment. It is unwise to pay too much,
but it is much worse to pay too little. When a buyer pays too much, he or she
may lose a little money. When one pays too little, one risks losing all value
because of an inferior product or service. Forget the Quick Fix
Never use sales techniques to handle objections. Customers can see a technique
for what it is and are therefore less likely to buy. Techniques bring up negative
emotions and distrust. The root of any buying decision is based on an emotional
response that is, in turn, based on perceived value or filling a need. People
may rationalize a decision to buy, but buying is determined on an emotional level.
This is especially important to understand given the numerous options buyers have.
Many times, the only factor that differentiates a product or service is what appeals
to the buyer’s emotions. Press Hot Buttons People buy based
on benefits defined by them, not by the sales person. Those benefits are perceived
differently by each customer based on what will make them feel good or meet emotional
needs. The master sales person will find out those real benefits and emotional
needs and push the hot buttons that result in a sale. People resist buying when
their hot buttons are not identified. Don’t give up too early on the sale
because of objections. Objections are good. They mean you are being taken seriously
and you need to work toward resolution. See sales objections as part of the sales
process and a request for more information. Find out what information they need
and give it to them. This will result in satisfied customers and increased sales.
Tom Young, MBA is a sales trainer and marketing consultant in Colorado
Springs helping companies increase revenues. For
more information, contact Thomas Young: 719-481-4040 tom@intuitivewebsites.com 326
All Sky Drive Colorado Springs, CO 80921 Copyright©2007
Thomas Young
|