Whenever I speak with new salesreps and entrepreneurs, I hear a similar frustration:
"I call a lot of prospects each week, most of which are really hard to get a hold of. When I do get someone on the line, I am thrilled just to talk to them. I sell a great product, yet very few of these people actually buy, even though they sound very interested."
So I usually ask them, "Did you get a commitment?"
The answer is... well you can guess the answer. Without a commitment, you are left hanging as to whether or not the sale is really moving forward.
Now this doesn't happen only with new salespeople. It happens with experienced salespeople also. I see experienced salespeople going after competitive deals all the time, forgoing commitments in the process. This is usually rationalized away as "I had to, otherwise the prospect would have cut me out of the deal".
Buyers love to do this to salespeople. To the extent that there is such a thing as "buyers school", they are taught to get multiple vendors bidding on a deal so that the prospect maintains control (for those of you in high-tech sales, I know that Gartner Group used to run seminars on how to manipulate vendors like this).
So instead many salespeople spend lots of time preparing price quotations, proposals, product demonstrations, arranging customer reference calls and site visits without knowing whether or not they will get the business.
Selling is a process of continuous negotiation and trading. I give you some of my time, you give me some of your time. I give you my product information, you agree to read it and tell me what you think about it. I give you a presentation, you agree to give me a decision upon completion of the presentation.
Selling is a series of incremental closes then, each one of which moves us closer to the sale. This is the most effective way to approach "closing". The "big close" doesn't exist here (it doesn't need to). You are being respectful of both the prospect, and most importantly, you are being respectful of yourself.
These incremental closes can occur within a single sales call, where you get the sale in one meeting. Or it can happen over the course of many days weeks or months as you work with multiple decision-makers in a large business-to- business sale.
So how is this done?
The key is to remember that anything and everything that a prospect wants is leverage in negotiating for incremental commitments.
Everything. Product info, names of customers, price quotations, proposals, product demonstrations, customer reference calls, meetings with your company experts. All of these things potentially represent value to your prospect.
Ultimately the prospect wants a solution to her pain. Each of these things represents a way of exploring and proving whether or not you offer that. You must learn to use the prospect's pain to get incremental commitments.
How? Simple. If the prospect really wants to solve her pain, then she will give you a commitment. Remind her of her pain. Then ask and be firm. If she won't give you a commitment, then either the pain is not important enough for her to solve, or you are not being taken seriously as a vendor.
You must negotiate the process of the sale with your prospect. You want to set the rules for what can and cannot happen during the sales cycle, and for what you should both expect of each other. Then negotiate for an advance of the sale for each offer of additional value on your part.
If her pain is not big enough to give you a commitment in the beginning, then it is almost certain you will not get a sale at the end. So stop here and move on to the next prospect. Offer to come back when she is serious about solving the problem.
Do not fall into the trap of believing that you have to demo / show / give away your info without any commitment. In retail sales this is the norm. Retail salespeople are paid to be on the floor talking to prospects, answering questions, and giving out free info, demos, brochures, etc. Everyone else should not sell this way. Unfortunately for the rest of us, most people's experience buying is in the retail world.
Oh, and don't go out and buy a book of closing techniques. If I hear another sales rep start a close with "If I could show you a way...", I will throw-up!
© 1999-2004 Shamus Brown, All Rights Reserved.
Shamus Brown is a Professional Sales Coach and former high-tech sales pro who began his career selling for IBM. Shamus has written more than 50 articles on selling and is the creator of the popular Persuasive Selling Skills CD Audio Program. You can read more of Shamus Brown's sales tips at http://Sales-Tips.industrialEGO.com/ and you can learn more about his persuasive sales skills training at http://www.Persuasive-Sales-Skills.com/
I believe that everyone understands that no matter what business... Read More
A key method of our survival in the business and... Read More
The sales letter you can't put down?the advertising copy that... Read More
There are several ways to get your information into the... Read More
Your job as an event planner doesn't stop with the... Read More
This week's article is my response to a question by... Read More
The formula for defining a "profession" is similar throughout many... Read More
Do you hang up on telemarketers? 9 times out of... Read More
Article I of a two-part series.No matter what customers say... Read More
Myth 1: Sales People are all Shady!In the Broadway play... Read More
When Dr. Frankenstein exclaimed "it's alive... it's alive," he thought... Read More
Do you have 5, 10, or 20 years of sales... Read More
American consumers have spoken and have done so loudly registering... Read More
You arrived on time and completed your calculations. You worked... Read More
Sometimes we can all use a friendly reminder to keep... Read More
Some businesses flourish while others slowly fade away. There's usually... Read More
You know that word of mouth can grow your business.... Read More
1. When you make your first sale, follow-up with the... Read More
Some of the best sales people I have ever met,... Read More
Whether you're a conventional sales person, a professional ? such... Read More
1. Make your reader visualize they have already bought your... Read More
There are seven major reasons why adults continue their pursuit... Read More
We use this method to find new cleaningcustomers, and it... Read More
There's a direct correlation between sales experience and prejudging. The... Read More
How much extra money could you make by closing just... Read More
I am often reminded of the following true story whenever... Read More
ReferralsA substantial part of your business can come from referrals.... Read More
Direct sales can be your ticket to a profitable home-based... Read More
When you are in the business of sales, among the... Read More
One of my first internship jobs as a college student... Read More
Writing good sales copy is not an art, it is... Read More
I am sure you are familiar with the phrase, "I... Read More
Use Bundling To Increase Your Profits And Sales An effective... Read More
When I write sales letters for my clients, one rule... Read More
Have you ever shopped at Walmart and thought... I need... Read More
For two winters I heated my house with an old... Read More
"Sales Letter"... that's your web site's sales page. The page... Read More
John Di Lemme on "Miracles are your responsibility"Miracles are your... Read More
I've written previously about how to attract customers and how... Read More
You may not realize this, but when if you are... Read More
Hello Everyone: Here's a unique look at learning how tosell:... Read More
If Chicken Little were alive today he wouldn't be running... Read More
There are many fund raising ideas on the market today... Read More
Most consultants I've talked to don't spend any time trying... Read More
Speak to almost any self employed professional and most of... Read More
The sales letter you can't put down?the advertising copy that... Read More
Hi, I'd like to discuss the most powerful words you... Read More
Saturday morning, I sat in my pajamas, sipping strong, black... Read More
Want to build a relationship -- sell yourself for a... Read More
Make no mistake that emotions are the driving force behind... Read More
If you are in the mortgage business, the very first... Read More
I know, don't groan. You have to do them if... Read More
Ask any salesperson, "At what point in the selling process... Read More
Want to build a successful incentive program for your company?... Read More
Have you wasted valuable time and money on promotion that... Read More
There are thousands of books and seminars on how to... Read More
Alexander Graham Bell once said, "When one door closes another... Read More
The USP (Unique Selling Proposition) is based on the assumption... Read More
Any time a clothing store opens or expands, they must... Read More
According to the Direct Marketing Association, in 2003 U.S. direct... Read More
This week's article is my response to a question by... Read More
What do people buy? They don't buy your wonderful presentation.... Read More
Last minute discounting has become so prevalent that many companies... Read More
The largest sale that I ever closed was negotiated over... Read More
Selling is as much an art as it is a... Read More
Would you pay $12,500 to discover the keys to great... Read More
Sales |