This week we're looking at the five obstacles to any sale as outlined by legendary sales trainer Zig Ziglar: no need, no money, no hurry, no desire, no trust. Today's obstacle: "no trust."
To overcome a lack of trust, you must first realize that most prospects don't know you and may never have even heard of your company.
Here's a tip from Michael Dalton Johnson, Editor of Top Dog Sales Secrets that should help:
"All things being equal, who do you think your prospect is going to buy from: the company he has known for years, or you, the new kid on the block?" asks Johnson. "Allay his fears by providing him with current customer lists (including contact names and numbers for some of your accounts), testimonial letters on your customers' letterhead, documented case histories, and press coverage. A referral from someone he knows and respects will swing doors wide open."
There you have it: expert strategies and tactics to overcome the five basic obstacles to any sale. Now put this knowledge to use and make more sales!
Dig It!
Showing posts with label tip. Show all posts
Showing posts with label tip. Show all posts
Friday, November 16, 2007
Wednesday, November 14, 2007
Creating a sense of urgency
Zig Ziglar said, "Every sale has five basic obstacles: no need, no money, no hurry, no desire, no trust."
Today we're looking at the "no hurry" obstacle. You know the problem. Your prospect has an acknowledged need. You have the solution. They have the budget. But, they're just not moving forward.
In this situation, "Clients often need a little prodding to overcome their lack of urgency," says speaker and consultant Mike Schultz who advises that you:
Ask yourself, "What won't happen?" By the end of the sales process, you should have a very clear idea how your services will provide value to the prospect if he buys. Your next step is to get the client to understand the implications of not choosing to engage your services. Start by building a case (to yourself) for the negative implications if the client chooses not to solve the problem or address the issue using your services.
Ask the client, "What won't happen?" At the appropriate time in the sales process, ask the client, "To help me understand your situation so I can craft the best solution for you, can you give me a sense of what will happen if you choose not to move forward in this process and engage our services?" Like a good trial lawyer, you already know from your earlier analysis what those implications will be. However, the point is to get the client to state those implications out loud, in his own words.
Quantify the results. Just as you quantify the benefits and value of moving forward, quantify the implications for the customer of not moving forward. Make sure your case is clear before going on to the next step.
Demonstrate the results. When demonstrating your value in the presentation or proposal, also demonstrate the value of the "What won't happen?" analysis. For example, suppose you demonstrate that revenue will go up by 3% and customer retention 20% if they purchase your service. Now show them the flip side. Demonstrate that if they choose not to go forward, revenue will stagnate or drop and customer retention will drop by at least 5%.
"By employing a 'What won't happen?' analysis in your sales process, you will find a consistent increase in the sense of urgency of your clients, resulting in measurably increased closing rates," says Schultz.
Give his advice a try and let us know how this strategy works for you!
This advice was excerpted from Top Dog Sales Secrets. Mike Schultz is principal of Wellesley Hills Group.
Come back tomorrow to find out how to deal with the "no desire" obstacle.
Today we're looking at the "no hurry" obstacle. You know the problem. Your prospect has an acknowledged need. You have the solution. They have the budget. But, they're just not moving forward.
In this situation, "Clients often need a little prodding to overcome their lack of urgency," says speaker and consultant Mike Schultz who advises that you:
Ask yourself, "What won't happen?" By the end of the sales process, you should have a very clear idea how your services will provide value to the prospect if he buys. Your next step is to get the client to understand the implications of not choosing to engage your services. Start by building a case (to yourself) for the negative implications if the client chooses not to solve the problem or address the issue using your services.
Ask the client, "What won't happen?" At the appropriate time in the sales process, ask the client, "To help me understand your situation so I can craft the best solution for you, can you give me a sense of what will happen if you choose not to move forward in this process and engage our services?" Like a good trial lawyer, you already know from your earlier analysis what those implications will be. However, the point is to get the client to state those implications out loud, in his own words.
Quantify the results. Just as you quantify the benefits and value of moving forward, quantify the implications for the customer of not moving forward. Make sure your case is clear before going on to the next step.
Demonstrate the results. When demonstrating your value in the presentation or proposal, also demonstrate the value of the "What won't happen?" analysis. For example, suppose you demonstrate that revenue will go up by 3% and customer retention 20% if they purchase your service. Now show them the flip side. Demonstrate that if they choose not to go forward, revenue will stagnate or drop and customer retention will drop by at least 5%.
"By employing a 'What won't happen?' analysis in your sales process, you will find a consistent increase in the sense of urgency of your clients, resulting in measurably increased closing rates," says Schultz.
Give his advice a try and let us know how this strategy works for you!
This advice was excerpted from Top Dog Sales Secrets. Mike Schultz is principal of Wellesley Hills Group.
Come back tomorrow to find out how to deal with the "no desire" obstacle.
Thursday, September 13, 2007
Three Steps to Successful Sales
Selling is a process that builds from your first point of contact with the prospect - one step in the wrong direction can cost you the sale. "A successful sale is like building a pyramid; each step depends upon the success of the previous ones, and no step can be omitted without creating disaster," explains sales guru Tony Alessandra.
Here are Tony's three steps to selling success:
Step 1: Exploring Needs
The exploring step of sales gives you the chance to get deeply involved with your prospects to determine exactly how your product or service can help them. It's where the partnering process begins. The purpose of exploring is to get enough information from the client to enable you to recommend appropriate options. This step is epitomized by the guiding principle of Collaborative Selling, "Prescription before diagnosis is malpractice."
Step 2: Collaborating Solutions
After you've worked with your prospects to identify needs and concerns, the next step is to determine whether or not your product or service will solve a problem or seize an opportunity for them. Usually there are several different ways you can put your product or service together to meet the needs of your prospects. The collaborative selling way is much less adversarial and much easier. You actually involve your prospects in deciding which one of your options makes the most sense for them.
Step 3: Confirming theSale
If you've done your job properly to this point, your customer should be asking to buy from you. The commitment becomes a how and a when, not an if. Signing the agreement is merely a formality. However, before confirming the sale, you'll want to be sure your prospect has all the information he needs to increase their perceived value of your product or service.
Step 1: Exploring Needs
The exploring step of sales gives you the chance to get deeply involved with your prospects to determine exactly how your product or service can help them. It's where the partnering process begins. The purpose of exploring is to get enough information from the client to enable you to recommend appropriate options. This step is epitomized by the guiding principle of Collaborative Selling, "Prescription before diagnosis is malpractice."
Step 2: Collaborating Solutions
After you've worked with your prospects to identify needs and concerns, the next step is to determine whether or not your product or service will solve a problem or seize an opportunity for them. Usually there are several different ways you can put your product or service together to meet the needs of your prospects. The collaborative selling way is much less adversarial and much easier. You actually involve your prospects in deciding which one of your options makes the most sense for them.
Step 3: Confirming the
If you've done your job properly to this point, your customer should be asking to buy from you. The commitment becomes a how and a when, not an if. Signing the agreement is merely a formality. However, before confirming the sale, you'll want to be sure your prospect has all the information he needs to increase their perceived value of your product or service.
Tony Alessandra is a contributor to Top Dog Sales Secrets. He has authored 17 books translated into 49 foreign language editions, recorded over 50 audio/video programs, and delivered over 2,000 keynote speeches since 1976.
Monday, August 27, 2007
Get Naked to Boost Sales
Is walking into a sales meeting "naked" the dress-for-success fashion statement of the future? "Absolutely," says Jill Konrath, one of 50 sales experts featured in Top Dog Sales Secrets.
"Salespeople frequently rely heavily on brochures, samples and PowerPoints," Konrath says. "They hide inside those tools as if they were suits of armor. Leave them behind," she advises. "By walking into a sales call stark raving naked, in a manner of speaking, they focus on the prospect's business and engage in a real discussion with the customer instead of a pitch meeting. The result is almost always increased sales."
Konrath's "naked-selling" technique is just one of the 80 sales lessons in Top Dog Sales Secrets, authored by 50 renowned sales leaders, consultants and high-powered corporate trainers. Click here to buy it now.
"Salespeople frequently rely heavily on brochures, samples and PowerPoints," Konrath says. "They hide inside those tools as if they were suits of armor. Leave them behind," she advises. "By walking into a sales call stark raving naked, in a manner of speaking, they focus on the prospect's business and engage in a real discussion with the customer instead of a pitch meeting. The result is almost always increased sales."
Konrath's "naked-selling" technique is just one of the 80 sales lessons in Top Dog Sales Secrets, authored by 50 renowned sales leaders, consultants and high-powered corporate trainers. Click here to buy it now.
Friday, August 24, 2007
Smile All the Way to the Bank!
Telephone Sales Tip -
Use a 5 X 7 mirror positioned next to your telephone to make sure you're smiling throughout the entire sales call. It makes a huge difference. You'll always make more money when you're smiling!
This Salesdog quick tip was brought to you by sales trainer, speaker and coach Jim Meisenheimer, one of 50 top experts featured in Top Dog Sales Secrets. For more great tips, check out his website at www.meisenheimer.com
Use a 5 X 7 mirror positioned next to your telephone to make sure you're smiling throughout the entire sales call. It makes a huge difference. You'll always make more money when you're smiling!
This Salesdog quick tip was brought to you by sales trainer, speaker and coach Jim Meisenheimer, one of 50 top experts featured in Top Dog Sales Secrets. For more great tips, check out his website at www.meisenheimer.com
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