The Green Sheet Online Edition
November 11, 2007 • 07:11:02
Turning negatives into positives
There is a smidge of self-doubt in all of us. As merchant level salespeople (MLSs), we need to rely on ourselves to deliver the message that will inform our prospects and turn our efforts into sales. The concept is easy to understand but sometimes the most difficult to actualize.
We all have bad days when we want to run for the door or turn around before even reaching our destination. This feeling is natural and happens to the best of the best.
Let's look at ways to turn the process around when it comes to tackling obstacles and objections so that we have more positive outcomes.
Be a good student
When encountering objections during the sales presentation, do not be deterred. If you have practiced for the presentation, have an arsenal of information memorized or readily accessible, so you are prepared.
Something I do ahead of time that works for me is research the company I am about to pitch. It always impresses prospects when I have done some homework on them and slip the details into the sales presentation. Knowing specifics about the client will go a long way and could be the deciding factor when prospects are choosing between you or your competitor.
Now that you are prepared, do you know how to handle objections? Those nasty little roadblocks can creep into the sales process and derail what seemed like an easy sell.
You will encounter objections; it is part of the process. Be prepared for this by keeping an ongoing list of objections you have encountered. Review ways to get around these recurring objections.
Listen up
A word of advice I have always found helpful: Listen more than you talk. Listening to what your prospect is telling you can yield information that will be vital to closing the deal. Your prospects are revealing to you their needs. They hope your response will demonstrate your ability to meet them.
If you are not listening, you could easily miss important information that is the key to the sale. By tailoring your sales presentation to what the customer wants to hear, you will eliminate many preconceived sales objections because the conversations will be about what the customer is looking for.
Remember to stay motivated. Whether you are part of a large sales force or an army of one, getting around objections is a learned art form anyone can master. Don't stop at the first no.
Keep going. Fifty-two percent of sales professionals give up after the first rejection. In fact, industry sources point out that it takes many rejections before a prospect even agrees to meet with you. So come up with your pitch, make note of the possible objections and create ways get around them.
Hang in there, and you'll come out on top.
Steve Schwimmer is President of the National Association of Payment Professionals. He has been serving the payment processing industry since 1991 and is the Long Island Director of Sales for Renaissance Merchant Services. Call him at 516-746-6363 or e-mail him at thevisaguy@516phoneme.com.
Whether you want to upgrade your POS offerings, find a payment gateway partner, bone up on fintech regs or PCI requirements, find an upcoming trade show, read about faster payments, or discover the latest innovations in merchant acquiring, The Green Sheet is the resource for you. Since 1983, we've helped empower and connect payments professionals, starting with the merchant level salespeople who bring tailored payment acceptance and digital commerce tools, along with a host of other business services to merchants across the globe. The Green Sheet Inc. is also a proud affiliate of Bankcard Life, a premier community that provides industry-leading training and resources for payment professionals.
Notice to readers: These are archived articles. Contact information, links and other details may be out of date. We regret any inconvenience.
