The Obstacles That Keep You From Closing The Sale
By
Kurt
Mortensen,
the CEO of the Persuasion Institute in Orem,
a professor of public speaking and persuasion,
S. Orem UT, U.S.A.
askkurt[at]persuasioninstitute.com
www.PreWealth.com
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The very first obstacle that many persuaders experience
is prejudging a prospect. They set up an appointment,
hang up the phone and then immediately say, “Oh, great.
This lady’s looking for a product we don’t even have.
She’ll never buy.” It could be for any number of reasons,
but basically the salesperson decides, based on one
scrap of information, that the lead isn’t going to go
anywhere before s/he has even met or spoken with the
prospect. This is a common but huge selling mistake.
There are countless numbers of sales
that have been made even when it may not have seemed
like a good match at the outset. Why? Let’s go back
to closing psychology again. We talked about how every
buying action is an effort to make some improvement
or enhancement to an existing situation. The core
issue is an emotional need. The actual product itself
is just a means to an end; it is not in and of itself
the solution. The emotional satisfaction that the
product provides, however, is. It is foolish to ever
make a judgment call about a prospect’s intentions
before you’ve had a chance to ask her/him all the
open-ended questions and to uncover her/his hot buttons
(i.e., what’s really driving the prospect). The potential
buyer wants such-and-such product, but why does s/he
want it? That information is really what you need
to know. The truth is, you can often offer your prospect
a product or service that provides the exact same
thing — or better — s/he is seeking, even if it’s not
exactly what s/he happened to mention to you on the
phone.
The next common obstacle that persuaders
run into when trying to close a sale is: insincerity.
We spoke earlier of the infamous hard close approach.
Even if you don’t resort to such drastic tactics,
nothing irritates a prospect more than when you’re
obviously looking out for a hefty commission. This
tendency once again underscores the importance of
asking your prospects lots of questions. It is very
important that your prospects feel like you are sincerely
interested in helping them. How can you best make
this clear?
Another obstacle we sometimes run
into is when your and your prospect’s personalities
conflict. If you’re on different wavelengths,
it’s more difficult to build and maintain rapport.
There are two key remedies for this type of conflicting
situation. The first is to keep in mind the importance
of balancing an emotion-dominated approach versus
a logic-dominated approach. There will be the occasional
person who doesn’t want to answer all your questions
— “just cut to the chase and give her/him the facts.”
It is best not to resist these personalities because
they already tend to be a bit on edge in the first
place. When you encounter this type of prospect, just
go with the flow, even if it means making an exception
to the “stay in control of the conversation by being
the one asking all the questions” rule.
Clearly, such prospects want to be
in control more than they want to be guided by you,
and if you rub them the wrong way, the sale is gone
anyway. Instead, adapt to the situation to keep the
odds in your favor. Remember, people buy from those
they like; they do not buy from people they don’t
like. A second remedy you can use if you just can’t
seem to “click” with your prospect is to use a tag-team
sales approach. Essentially, this tactic is when you
pass off the baton. Don’t let your ego get in the
way of securing the sale if someone else will have
an easier time closing your prospect up for you. You’ll
be glad you swallowed your pride and passed the baton
when your paycheck comes. Besides, what goes around
comes around, and that very same colleague will need
your help sometime down the road for the exact same
reason.
Another major obstacle to closing
the deal is making promises you can’t keep.
You’ve probably experienced the tremendous frustration
that comes when something has been dramatically built
up and then turns out to be a bunch of garbage. Imperfections
are annoying, but it’s much worse when your salesperson
has trumped up a product and gotten you all excited
about it being something it’s not. Building up false
hopes and expectations is never worth getting a sale.
You’re rewarded in the moment, but that sales strategy
will crash later on when you have an angry client
banging on your door with buyer’s remorse. Or, even
if you never hear from them again, not only do you
lose that person’s trust and future business, but
then s/he will talk to others and you’ll have a damaged
reputation that’s impossible to fix. For these reasons,
never claim that a product can do something that it
can’t. Also be very careful that you don’t over-promise
or oversell.
There is an adage in sales that states,
“Under-promise, over-deliver.” If you think about
what that maxim is saying, you can see how it is going
to create very, very happy customers. That’s because
they’re not only getting exactly what they were hoping
for, but they’re getting even above and beyond their
expectations. Inherent in that saying is also a statement
that warns of its opposite: “Over-promise, under-deliver.”
This type of selling strategy is why salespeople often
get a bad reputation. All too often, over-promising
is the normal course of things. As I’ve already stated,
such a selling strategy may reap sales in the short
term, but it will burn you in the end.
This next obstacle to a successful
close is fairly obvious, and yet,
in spite of this, it is still common enough that it’s
worth discussing. Sometimes persuaders are so bent
on making their point that they actually argue with
their prospects. Instead of hearing their prospects
out, they are too consumed with their own need to
be “right.” Obviously, this tactic is a bad idea and
will likely defeat the whole point of working with
your prospects in the first place. You will not persuade
them by demonstrating that they are wrong, misinformed
or uneducated. Doing so will just make them angry,
embarrassed and defensive. It doesn’t matter how “right”
you are — if you upset your prospect, you’re wrong!
It has been said, “A man convinced against his will
is of the same opinion still.”
People buy from people they like;
they don’t buy from people they don’t like. It doesn’t
have to be arguing, either, that turns your prospects
away; it could be anything that arouses negativity.
Another common example of negativity arousal includes
knocking the competition. Few things cause you to
lose credibility as much as this tactic does. The
thing that speaks more loudly than what you’re actually
saying is the strong biases you have. When you exhibit
bias toward your competition, your prospects then
have to weigh everything coming out of your mouth
with even greater caution. A safer bet, if you have
to discuss the competition at all, is to present a
balanced view of both sides. Mentioning some of the
competition’s strong points along with the areas in
which you feel your company is stronger will not lose
your sale but will more likely increase your mileage
in terms of believability. It’s just easier for your
prospect not to feel suspicious of you if you can
answer her/him fairly and directly.
Another obstacle to closing sales
is not building up the dream. Remember
earlier how we discussed that the product itself is
not the ultimate reward as much as what it does for
the prospect? The product is just a means to an end.
That is, there is something the prospect is “dreaming
of” that s/he believes this product will help her/him
achieve. This dream is their hot button; this is really
what you must uncover. A big mistake salespeople make
is not building up the dream enough. Uncovering it
is the first step, but the process doesn’t stop there.
You really have to walk your prospect through the
steps of how your product will move them from point
A to point B (i.e., from present situation to “dream
fulfilled”). The more vividly you can help your prospects
visualize their success, the more they will want to
invest in the solution you are offering them. Be sure
you are speaking to their emotional needs. Highlight
how the product answers the fundamental “Why?” and
“WIIFM?” (What’s in it for me?) motivators. If you
can achieve this aim, you’re going to have yourself
a sale!
The final major obstacle in closing
sales is simply giving up too soon.
You’d be amazed at how many sales are lost just because
the rep was afraid to ask one more time. As a general
rule of thumb, I advise utilizing several “trial closes”
throughout the sales presentation — at least five
attempts are recommended. By trial closes, I’m referring
to starting your closing strategy earlier in your
presentation. In this way, throughout the process,
you are “collecting yeses” so that by the end of your
exchange, it is the prospect who is itching to close
the sale. Trial closes are less overt, yet with them
you are in essence asking for the sale. Trial closes
are effective because people do not feel put on the
defensive by them. They can let their guard down and
really be open to acknowledging all the ways in which
your product is going to help them. Collecting yeses
is when you ask questions of your prospects that simultaneously
answer their own questions and yield “yes” answers.
Consider the following example…
“Now you mentioned earlier that it’s
really important to you that you have more time with
your family. Do you see how this product is going
to save you a lot of time?” (Oh, yes, I do.) “Do you
think this added spare time will contribute to your
goal of having more time together as a family?” (Yes,
it certainly will.) By putting their questions and
concerns first, and walking them through the answers
to those questions, you will help your prospects come
to the obvious conclusion that your product is exactly
what they’re looking for. You won’t have to talk them
into it because they’ll already have convinced themselves.
If in the unusual circumstance that your prospect
still isn’t convinced, then don’t be afraid to present
yet another closing question, perhaps this time one
that is not a “trial close,” but one that is more
direct: “Mrs. Smith, both of us can see clearly how
this is going to help you leave your present situation
and get to where you want to go. Are you ready to
get started?” In an upcoming section of this chapter,
I will outline several sample closes so you can see
the many different options you have for all the different
prospects you will likely encounter in your persuasive
efforts. No matter what technique you use, though,
don’t be afraid to ask for the sale and to be persistent!
About the Author:
Everyone persuades for a living.
Whether you’re a sales professional, an entrepreneur,
or a stay at home parent, you must convince others
to your way of thinking. Find out more at www.PreWealth.com
and get my free report "10 Costly Mistakes."
Read more articles by: Kurt
Mortensen
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