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Which three words are killing your sales efforts?
These are all "negative" phrases
salespeople don't want to hear. But, neither phrase contains the
three sales-killing words to which I'm referring.
The three words that are killing
your sales efforts are think it over. Every time a prospect has
to think it over, regardless of what the "it" is, you add time
to the selling process. And, time kills deals.
By eliminating the opportunities for
prospects to "think it over," you shorten the selling cycle,
thereby increasing the number of sales that can be closed in any
given period of time.
"Think it over" (TIO) usually occurs
at the beginning of the selling cycle when you request an
appointment or near the end of the cycle when you request a
buying decision. Let's examine what triggers the TIOs and how to
eliminate them.
If a potential prospect has to think
about granting you an appointment, it's a fairly clear
indication that your request didn't squarely focus on a problem
the prospect is likely to be experiencing. If it had, the
prospect would be in a position to decide one way or the other:
"Yes, I have that problem. Let's get together," or "No, that's
not a concern of mine. There's no need to get together." Bear in
mind, if the prospect says, "No," and you keep pushing for a
"Yes," a TIO may be the only way for the prospect to get you off
the phone. Don't trade "No's" for "TIOs."
Let's look at the TIO that occurs at
the other end of the cycle. The four most prevalent causes for a
TIO at the conclusion of your presentation are:
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Failure to obtain an agreement from
the prospect -- perhaps at the time the presentation was
scheduled -- that a decision would be forthcoming at the
conclusion of the presentation.
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Presenting product features or
functions that are outside the scope of the prospect's goals,
problems, or concerns previously discovered.
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Presenting a product or service, the
cost of which is outside the prospect's budget or expectations.
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Not meeting all of the criteria by
which your presentation is being judged.
Determine the criteria by which your
presentation will be judged before you even begin to develop it.
Make sure that you have specifically defined the prospect's
needs and that your presentation is narrowly focused on those
needs. Thoroughly discuss the financial issues of obtaining your
product or service and ensure your product or service solution
is consistent with what you discovered. And, establish an
agreement with your prospect that a decision -- Yes or No --
will be made at the conclusion of the presentation.
If you start the selling cycle
correctly, focusing on the prospect's problems, and covering all
the bases as you work through the selling process, TIOs will
become a thing of the past.
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