Page 30 - GS231202_flipbook
P. 30

Education
                                                     ChapterTitle
                              StreetSmarts                                                SM



























                       How to overcome sales objections





        By Nick Cucci                                            Surmounting objections
        Fluid Pay LLC                                            Sales can feel like a competitive sport, and in many ways,
         Salespeople know there is no greater feeling in the world   it is. Since this is true, it isn't a surprise that receiving an
        than making a sale. After all of that hard work and prac-  objection can feel like a personal loss. You want that sale,
        tice, it is always a comfort to know that your strategies   but now it feels like you will never get it. The truth? You
        work. Landing a sale feels terrific, but unfortunately,   can still make the sale—and learn from it. Following are
        closing a sale isn't guaranteed.                         practices that can help you overcome sales objections.
                                                                    • Practice  active  listening:  Establishing  relation-
        Sometimes your prospective customers won't be interest-       ships is one of the best ways to approach sales, and
        ed in what you have to offer. Sometimes they voice objec-     that means being a good listener. Active listening
        tions that can throw you off. In this article, I am going     is a communication practice that helps you to go
        to discuss sales objections—and what you can do to turn       beyond the surface of someone's words to better
        them around.                                                  understand their needs and preferences (see http://

        What is a sales objection?                                    tinyurl.com/5erju482). For a salesperson, there is no
                                                                      greater tool.
        A sales objection is, as the name implies, an objection to a   Using active listening when you receive an
        sale. Sales objections occur when someone says that they      objection is crucial for turning it around. Before
        are not interested in your product or service and they ar-    you can make the sale, you need to understand
        ticulate an actual reason why.                                what their concerns are—really understand them.
                                                                      Take the time to listen to what they have to say and
        It does not feel good when a potential customer chooses       dive beneath the surface. The difference between
        not to follow through with a sale, but if you listen care-    this and not listening with your full attention and
        fully, you will learn what led them to this decision. The     concern is something they can feel, and they will be
        fact that they are telling you why they are not interested    more willing to listen to your offer when they feel
        isn't a setback—it's a learning opportunity.                  heard.
                                                                    • Follow up to fully understand concerns: A com-
        Common sales objections include:                              mon tactic when engaging in active listening is fol-
            • [X] is out of my budget.                                lowing up. You want to understand what your cli-
            • I'm not convinced that [X] is the right fit for my      ent is thinking, and that means you need to gather
              needs.                                                  the right information. When they express their con-
            • I don't have time for [X] right now.                    cerns to you, follow up with additional questions.
                                                                      If they say they aren't sure about your POS system,
            • I'm not sure about your partners or merchants.          for example, ask them what specific concerns they
            • I'm interested in one of your competitors.              have. The more you know, the more effectively you
                                                                      can navigate this sale.
            • I'm looking for [Y] and [Z], not just [X].
        30
   25   26   27   28   29   30   31   32   33   34   35