Unless you’re the world’s most perfect salesperson, chances
are you’ve run into objections before that have threatened to derail the entire
sales process.
In fact, as a salesperson, you should welcome these
objections, as they give you a chance to sharpen your sales skills and increase
your likelihood of converting more prospects to buyers in the future. Don’t
panic when you encounter these roadblocks – instead, welcome them as learning
opportunities and be prepared to beat your buyers at their own games.
The following are three of the most common sales objections you’ll encounter, whether
you’re selling low cost products, high value services or anything in between.
Objection #1 – “I need more time to
decide…”
Especially when you’re selling big ticket items, one of the
most common objections you’ll see is the classic “stall” maneuver. If your
prospect says that he needs more time to think about something, be aware that
he’s usually subconsciously using this technique to cover up an even bigger
concern.
For example, your prospect may be stalling because he
doesn’t feel he can trust you, or because he doesn’t completely understand how
your offering will help him specifically. In either case, he’s attempting to
exit the situation without hurting your feelings and addressing what’s really
on his mind.
In this situation, your best bet is to keep him talking. If
you give the prospect time to think and promise to return later to follow up,
the odds are there isn’t going to be a “later”. To prevent this from occurring,
get in the habit of asking more questions whenever objections are presented.
Consider the following example:
“What was it about my proposal that
you wanted to think over? Is there anything I can explain better to make the
benefits of my product clearer right now?”
By keeping your prospect engaged in the conversation, you
should be able to uncover his true objections and meet them head on in order to
keep the sales process rolling.
Ideally, your sales process should make the value of the
product or service you’re selling so crystal clear that your prospect simply
can’t wait to close the deal in order to start saving time or money.
Here’s a great response. “Although I know that price might seem high
compared to my competitors, you have to look at the long term savings. Over
five years, my product has the potential to save your company over $10,000 –
far more than what my competitors can guarantee.”
By addressing the specific objections you anticipate up
front, you remove that from being a concern that has the potential to prevent
your sales from occurring.
Objection #3 – “I’m just not sure I
need your product…”
Has this one ever happened to you? You’ve gone through your
sales pitch, carefully highlighting the benefits of your offerings –
practically making it seem as if your prospect couldn’t live without the item
or service you’re selling – only to hear, “I’m not sure I really need that…”
It’s frustrating for sure, but this objection can be solved
through the use of embedded comands– a technique that works by enclosing highly
persuasive statements into seemingly ordinary speech in order to “soften the
blow” and subtly shift your prospect past his objections.
As an example, say you followed up your prospect’s objection
in this case with the following statement:
“I understand your objections, but
let me take a quick second to review the benefits of my product so that you can
buy with confidence.”
On the surface, it seems as if you’re just transitioning the
conversation back to the benefits of your product or service. But in the
process, you’ve also casually integrated the command, “buy with confidence”
into your sales pitch, giving your buyer powerful subliminal cues that
encourage him/her to close the deal.