Sales Tip for June 2008 - Volume 3

Danny Wood is a nationally known trainer and speaker on sales and sales management.

Danny specializes in working with business owners, CEO’s and senior managers to maximize the return on what is often their most underutilized resource, the sales team.

Danny’s work has been noted for providing his clients with the ability to realize millions of dollars in additional business that would otherwise have never materialized or would have been lost to competitors.

His knowledge, experience, and tremendous respect for the Sales Professional led to his being selected by NJEntrepreneur.com to be their Sales Expert.


"I have finally gained great control over the sales process in my firm."
Marc Blumenthal - Principal
Sax, Macy, Fromm

"Our staff has new confidence and much less fear."
Richard Magid - President
Soundboard, LLC

"I can’t remember the last time I heard, Boss – Our prices are too high."
John Fernandez - Owner
Signmasters, Inc

"Our sales went up 30% since we started with Danny’s program."
Jim Margiotta – President
PBI-Dansensor America, Inc.

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Tues - July 22, 2008 3:00pm

Which Three Words Are Killing
Your Sales Efforts?


Which three words are killing your sales efforts?

  • Is it "Call me later."?

  • Maybe it's "I'll call you."

  • Could it be "I'm not interested."?

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:

  • 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.

  • Presenting product features or functions that are outside the scope of the prospect's goals, problems, or concerns previously discovered.

  • Presenting a product or service, the cost of which is outside the prospect's budget or expectations.

  • 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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Danny Wood Enterprises, LLC
201 Route 17 North, Suite 300
Rutherford, NJ 07070
Ph: (201) 842-0055
Fx: (201) 842-0789
Danny@DWESalesGrowth.com
http://www.DWESalesGrowth.com

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