Salesprocess

Selling Skill: Avoiding The Price Objection

09/06/2021 By Don Crawford Leave a Comment

Price is the monetary value of the product or service we sell. It represents what our customer is willing to pay for the solution to the problem they are trying to solve. When the price is higher than the value the customer expects then we get the price objection.

For most products, the marketplace sets the price a customer will pay to exchange their money for the good or service you are selling. For mass-marketed consumer products, competition limits the price for a product. But for unique one-of-a-kind solutions, the value of the benefit of solving a problem drives the price. When we understand the value/benefit relationship we don’t get the price objection.

Guy holds onto his money when he objects to your price

Avoid The Price Objection
To Get The Money
Image from Pixabay

Should You Move On?

What’s a salesperson to do when they get to the close and the customer thinks the price is too high to pay? Or the customer says: “I can get this for less money from your competitor.”

One approach could be to pack up your brief case and thank the customer for their time and move on. Then look for their reaction. If they are happy to see you go, move on to the next prospect. But if they are uneasy that you are pulling out, it’s probably a strong signal they want to work with you but need help in justifying the price. Great salespeople are strong enough to walk away from a bad deal….

Sales Skill: Build Trust

08/23/2021 By Don Crawford Leave a Comment

So you have done the research on a prospect. Determined they would be a good customer worth pursuing. Fought your way past the gatekeepers. And now you have a meeting with the decision maker. What’s the most important sales skill you need to have perfected for this meeting? Great salespeople know that getting the prospect to trust them is paramount to eventually closing the deal.

First Build Trust
Image by InspiredImages from Pixabay

What Is Trust?

Trust is developing the relationship where the prospect has confidence in you. When the prospect knows you have their best interest in mind, they will cooperate with you. And you need their cooperation to get answers to your questions. Those answers will lead you to the perfect proposal to win the business….

Use The Key Sales Performance Indicators

08/13/2021 By Don Crawford Leave a Comment

There you are great salesperson, hanging out with your sales buddies at the end of the month. Everyone has a good sales story to tell about how they landed the big one. But how many of you actually track your Key Sales Performance Indicators? Those are the metrics which tell you how good you are as a salesperson. Let’s look at the most important ones.

Key sales performance indicators keep salespeople focused and improving

Use The Key Sales Performance Indicators
Image From Pixabay

Sales Revenue

Of course this is the most important sales performance indicator. After all the dollars created from your sales help fund all the functions of the business. If you aren’t producing sales revenue it’s hard for the business to continue to operate. Or as my salesman father always said: “Nothing happens until someone sells something.” Do you set reasonable sales revenue goals for yourself? Do you check how you are performing against those goals?…

Sales Skill: Understanding Buyer Stress

06/28/2021 By Don Crawford Leave a Comment

Life in the US is looking like it’s returning to normal. Restaurants are opening, movie theaters, too. Travel for business and pleasure is picking up. People seem a bit more relaxed as the social restrictions are lifted. So that’s all great. But did you hear about the container ship blocking the Suez Canal? How about all those companies with supply chains spread over the world? Ships are in short supply and there are not enough containers. Demand is up but the capability to supply product is in trouble. And there is buyer stress all over the place. What’s a great salesperson to do?

Manage Buyer Stress
Image from Pixabay

Be Customer Focused

Great salespeople put the customer first. They are always in communication with the customer to understand their needs and problems. Some customers are going gangbusters. The demand for their products is high but the challenge is getting the material needed to meet the demand. Be honest. Buyers need salespeople with integrity. Someone they can trust. If you can’t meet the demand tell them then help them find another source. Or maybe an alternate product. Or offer to change the mode of shipment. Perhaps you are a supplier to retail stores. Be listening to your customers about product demand. Then pass the information on to operations so they can shift product mix. By being customer focused you reduce buyer stress….

Sales Skill: Getting to “NO”!

06/14/2021 By Don Crawford Leave a Comment

What you, great salesperson, are shocked that a sales skill is getting to “no”! Think about it. Do you win every sales pursuit? Do you want to convert every prospect to a customer? And aren’t you the one advising those new salespeople that selling is a numbers game? So the sooner you get all those “no’s” out of the way, the quicker you get to “yes”. There are three times in the course of getting the order when getting to “no” is important: Qualifying, Confirming and Presenting.

Go For The “NO”
Image from Pixabay

Qualifying: Looking For The “No”

Great salespeople know they have a qualified prospect when they have rapport with the decision maker, they have a problem you can solve and the budget is there. Any one of these is absent, then you don’t have a qualified prospect. So great salespeople ask good open-ended questions to qualify the prospect. If you can’t build trust and comfort with a prospect, chances are you won’t get good answers. Better to move on. When the prospect doesn’t have a problem they want you to help solve. Time to look for another prospect. No sense waiting to the close to find out they can’t afford your product or service. Get to the budget “no” quickly. Now you see that in the qualifying process getting to “no” quickly saves time.

Confirming

When great salespeople ask good open-ended questions, they hope for answers to lead them toward the successful conclusion of the sale. But we don’t often hear it right. So we ask confirming questions. These questions validate to the prospect we are listening. Confirming questions also help salespeople better understand the prospects mind. In short sales pursuits a confirming question can lead to the close: “If I can get it in blue, would you buy it?” Getting a “no” here gives the salesperson a chance to go on selling by asking other questions about color and other product features. In long sales cycles the “no” along the way offers insight in what it takes to get the “yes”.

Looking For “No” In The Closing Presentation

Now, Crawford, you’ve really lost it! Why put all the work into qualifying a prospect only to hope for “no” in the closing. Good question. Great salespeople are deaf to “no” during the closing presentation. It’s not they don’t hear the word but they interpret it as: “I have a question.” “No” is often an objection. In other words, an appeal for a clarification. So salespeople can find out the reason behind the “no” and go on selling.

The favorite outcome at the end of a sales pursuit is the “yes”. But the least favorite is not “no”; it’s: “I want to think it over.” The salesperson lives in limbo waiting for the prospect to think about it. And most times : “I want to think over” is a polite way for the customer to say “no” without hurting the salesperson’s feelings. Better to have the prospect agree at the beginning of the presentation to tell you “no” if they aren’t going to buy from you. But great salespeople work hard to get the “yes” and they understand the value of “no”.

What You Can Do Right Now Getting To “NO”!

Understand “no” is not personal
Realize “no” is a time saver for you
Treat “no” as an appeal for more information

To learn more sales secrets see Chapter Thirteen, Getting The Order, in Secrets of the Softer Side of Selling. For even more sales encouragement, join our FREE Sales Club! “See” you next week.

Good selling!
Don Crawford

Sales Skill: Successful Selling Behaviors

06/04/2021 By Don Crawford Leave a Comment

Ok so “selling behaviors” might not register with you, great salesperson. Maybe it’s an archaic term. So how about selling tasks or selling activities or just stuff we do to close more sales. Whatever you want to call it these are the things we do every day over and over to become the best salesperson we can be. In the last post I encouraged salespeople to focus on behavior and not be preoccupied with attitude. So what are the successful selling behaviors?

Successful Selling Behaviors Win
Image From Pixabay

In all aspects of life, we do the same things over and over and over again. In the kitchen, we cook, eat, clean up and do it all over again. A fisherman baits his hook, casts into the water, trolls the bait, hooks the fish, reels it in lifts the fish into the boat with his net. Then does it all over again. Salespeople prospect, qualify, close, follow up, ask for referrals and do it multiple times a day. And they pause periodically to measure how they are doing….

Sales Skill: Preparation, Practice and Performance

05/17/2021 By Don Crawford Leave a Comment

Hey there great salesperson, I know you are successful because you understand and use the 3-P approach to every sales call: Preparation, Practice and Performance. The 3-P approach gives salespeople the edge over the competition and leads to the sale. Whether it’s a one-call-close or a long sales cycle, use the 3-P’s at each customer contact.

Great salespeople do the 3-P's: Prepare, Practice, Perform

Use The 3-P’s To Be Awesome!
Image from Pixabay

Preparation

Closing the sale begins at the beginning. And that’s doing the research about the industry, the company and the person you will be meeting. Decision makers want to know you have done the research. What problems would their company have which you have solved for others? How does the prospect make buying decisions? Who is the decision maker and what drives them? These are some of the basic questions to be answered in doing research before the sales meeting….

Sales Skill: Achieving Goals

04/11/2021 By Don Crawford Leave a Comment

As great salespeople we are all achieving goals. How do we go about it? We focus on the most important task at the time. That important task is determined by the immediate goals we have for achieving the long-term goals. So we plan goal achieving activities. Next we perform them. Then we check to see whether we are achieving goals.

Great Salespeople Are Expert At Achieving Goals
Image from Pixabay

Achieving Goals Starts With A Vision

Pick a future time: 3 years, 5 years, 10 years. Where do you want to be personally and professionally then? This “vision” you have for the future is the basis for setting your goals. Great salespeople know goals must be realistic and measurable. You may want to double your sales in 3 years. If so you can measure current sales volume against previous to see the growth. If the market size is adequate for achieving your goal then it is realistic. As long as you know how to do it….

Sales Skill: Cold Calling

04/05/2021 By Don Crawford Leave a Comment

Well great salespeople I’ve been doing cold calling lately. Since the pandemic hit I’ve been working with our local Small Business Development Center. When a new program to help small manufacturing businesses was offered, I agreed to recruit companies for the initial cohort. So here I am again doing sales calls to create interest in the Innovation Commercialization Assistance Program for Existing Enterprises. I’m a sales professional who relies on the fundamentals of good selling. I’ll tell you how I prepared for this new challenge.

Be Happy! Make Cold Calls!
Image From Pixabay

What Is Cold Calling?

Great salespeople have lists of prospects matching their current best customers. They have done some research about the person they are about to call. There is a purpose to the cold call. Then they dial the phone. For the salesperson it’s part of their days work. For the person you are calling, it’s intrusive. I know the person who answers the phone is not sitting around idly waiting for my call. No when they pick up the phone and realize it’s a “cold call” they usually feel ambushed. That person on the other end of the phone wants to escape from this call as politely as possible. And you great salesperson, want to achieve your purpose for calling….

Sales Skill: Laser Focus on Selling Activities

03/29/2021 By Don Crawford Leave a Comment

Great salespeople know they have to maximize the time spent on selling activities. The salesperson’s primary job is to close sales. Any activity that interferes with selling needs to be either minimized or eliminated. Great salespeople are laser focused on prospecting, qualifying, closing and following up.

great salespeople focus on selling activities

Always Focus On Selling Activities
Image from Pixabay

Discipline Is The Key

First set goals for selling activities time and other stuff time. My goal was to devote 60% of my week to activities which resulted in sales. I measured the time I spent in meetings with prospects, other contacts with prospects (email, phone, text, etc.) and travel time to prospects offices. At the end of each week I evaluated my selling time. When it was less than 60% I refocused my selling activities for the next week. Great salespeople are passionate about focusing on selling activities….