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How To Kill an Objection -- For Good!

November 18th, 2009 @ 11:30 am

Categories: Closing, Pitches, Presentations, Sales Skills, Sales Tips

Tags: Customer, Salesperson, Personal Finance, Financial Accounting, Benefits, Investment, Finance, Human Resources, Geoffrey James

When you’re selling, it’s not enough to simply answer an objection.  If you don’t want to see the objection pop up later, you need to kill it for good. Here’s a typical selling conversation:

  • Prospect: We don’t have the money in this year’s budget.
  • You: That’s O.K. We can finance it so part falls into next year’s budget. Does that work for you?
  • Prospect: I guess so.

Many sales reps would happily (but wrongly) believe they’d killed the objection.  However, that objection will very likely to pop up later, because the commitment is weak.  An objection is not truly dead until until you’ve help the prospect bury it for good.  Here’s how:

  • Prospect: We don’t have the money in this year’s budget.
  • You: That’s O.K. We can finance it so part falls into next year’s budget. Does that work for you?
  • Prospect: I guess so.
  • You: …and so that’s all taken care of, right?
  • Prospect: Right.
  • You: Great! Did you notice that our reference accounts…

Getting prospects to publicly agree that the objection is dead puts them in the position of seeming inconsistent or wishy-washy if they bring it up again.  Most people will not do this because it conflicts with their image of themselves as decision-makers.

Please do not pretend that this is NOT manipulative.  It’s not.

If your prospects don’t believe you’ve answered the objection, they’ll say so.  What this prevents is the emotional off-again/on-again waffling that wastes your time, and keeps the prospect from making a decision quickly and effectively.

Important!  Once you’ve gotten the customer to agree, change the subject by asking a question on an unrelated matter. Why?  If you continue to focus on the objection past the point of commitment, the prospect may start waffling about the commitment, in which case you’re back to square one.

The above is a classic sales technique as taught by the ever-informative Tom Hopkins.

 
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  •  
    1

    scuollo

    11/19/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    So wrong here I cannot begin.... This is manipulative, and will never work for long because the reason for the objection was never discovered and discussed.

    Make the customer say the objection is "taken care of" twice?! If it was wrong once, making them repeat it does not "take care of it"!

    Changing the subject so they don?t have a chance to "waffle" again? Of course they are going to waffle, and rightly so, if you do not allow them to resolve their concerns.

    The example above is only guessing the issue is financing. What if a key budget stakeholder is not supporting the purchase? What if the buyer is having to cut back in other areas, and is concerned about making this purchase when they may be laying people off? The "what ifs could go on and on, but with this tip, you would never know.

    The better response would be to ask "tell me more...about the budget process... about budget issues..."

    The best answer is to understand this before trying to close the sale.

  •  
    2

    Bob Wileman

    11/19/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    I don't see a problem with the proposed course of negotiation
    The buyer is still free to say, "No, my boss wouldn't want us to take the commitment now." Or "No, our financial policies are very strict about bending the budget." which tell you that your benefits are not big enough to displace some other course of action or it's just the wrong time.
    You are offering to spread the payment, so I see that as a positive gesture not manipulation
    Of course it would be a good idea to enquire first about the budget process, but in my experience few buyers will reveal much and you have to guess what the conventions might be.
    On that subject, if every budget was as rigid as buyers make out, there would be no room for any innovation or improvement.

  •  
    3

    bnetgeo

    11/19/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    Manipulative? How can this possibly be considered manipulative? You aren't manipulating anything. You are merely confirming what you think you heard. I agree that understanding the process would help one construct a more durable solution to the prospect's problem but its the wrong point in the sale to dive in deeply.

    In Scoullo's approach if the prospect has problems with confirming the objection twice he will certainly take exception to spilling his guts about the budget process. He could even be insulted that you are probing for more specifics like you don't believe him.

    I would take the Tom Hopkins approach and keep selling, making a note to revisit this issue. I want the guy salivating for my solution ASAP. Once he's salivating I would close with something like...I'm going to structure this sale like...how would that work with your budget process?

    At this point he wants the solution and will be more than willing to tell me what needs to be done. By getting the prospect to salivate first, I have built an internal friend that will provide the insider info needed to navigate the system.

  •  
    4

    savagek

    11/19/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    There is a significant issue with this approach - if the prospect is not comfortable with the salesperson because of the salesperson's approach or lacks confidence in dealing with a pushy salesperson, one will often hear what the prospect thinks one wants to hear rather than the truth.

    If one truly wants devoted clients who purchase, use and recommend their product, then the salesperson needs to back off and realize they may be in a crucial conversation that could eventually eliminate any possibility of a sale.

    To master the sale, the client must trust the salesperson. The advice given here is simply unworthy of highly ethical relationships between a vendor and a client. This does not promote long-term relationships that tend to ensure future sales. It's rather a selfish perspective from the salesperson that will backfire.

    Let the client share what they can. Find a common ground. Determine whether or not there is a potential for sales. If yes, work out the terms. If no, leave it alone and try again later. There is absolutely NO room left in business for pushy, arrogant, overconfident, sales persons, period.

    Learn some business ethics.......................

  •  
    5

    Juffowup

    11/19/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    Yeah, not good advice. If a salesperon did this to me, I'd leave the conversation feeling the salesperson didn't actually care about my objectives and I'd probably count it as a mark against him.

    The right answer to this question is to ask more questions about where an extended payment plan would fit into the client's plans... not some cheesy unethical close.

  •  
    6

    bnetgeo

    11/19/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    Savagek - this has nothing to do with being a pushy, arrogant, overconfident sales person. Managing objections is the Art of Selling. The "art" portion comes in managing the objection without being pushy, arrogant or overconfident! Your assumption here is that managing the objection, probing for information or soliciting help in navigating the internal politics requires a pushy attitude! It does not.

    Yes, I agree its all about trust and the best way to build trust is to manage the prospects objections professionally! It shows you are listening and you really want to understand his issue.

    There is nothing unethical about getting the prospect to strongly desire my solution prior to taking on his system. I sell capital equipment and many times the selling begins in earnest once we start working his system. Often this leads to upper management presentations, ROI analysis or other hurdles.

    I strongly disagree that the advice given "is simply unworthy of highly ethical relationships". On the contrary, I believe it is part of a highly ethical relationship. I want to assure and be assured that I understand the sales situation completely. The time to learn important account/application facts is not after the sale! That's when your ethics get called into question.

  •  
    7

    middleaged

    11/20/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    I can't believe I'm reading some of the comments.

    Putting it in simple terms Tom Hopkins (one of the best selling sales gurus around - making a shed load of money - perhaps he may occasionally have a valid point) is imply suggesting the following.

    Step 1 - answer the customer's objection
    Step 2 - wait for the customer to state the objection is answered.
    Step 3 - Ask the customer to confirm it again
    Step 4 - When the customer states the objection is answered for a second time - move on. The objection is answered.

    If you are speaking with someone who is afraid to say no to you, there is almost no way that they are a decision maker or a key influencer. Many of my customers have no problem at all in saying no to me - they have backbone.

    Stop wasting your time with the wimps and get in front of the decision makers - you will save yourself a lot of time, and a lot of heartbreak, when the deal you forcast miraculously doesn't come in

  •  
    8

    Jan Snell

    11/20/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    This example smacks of old school sales techniques....there is NO ROOM in today's competitive business environment for anything but a consultative approach to a sale. First of all you need to determine if the person you are meeting with is in fact the decision-maker! Once that has been established, you need to ask a number of probing questions and then LISTEN to the responses. If there are concerns, you need to address each one individually and then confirm that you have understood and answered to their satisfaction. The salesperson in the above scenario didn't ask any probing questions and bullied the prospect into agreeing with his/her agenda. It would seem to me that if I asked a prospect if what I had proposed "worked for them" and they replied "I guess so", I would immediately return to square one and make sure I had complete "buy in" before I moved forward with closing the sale. On occasion, it may be impossible to resolve a concern and if that's the case, you have to know when to let it go and move on to the next prospect!

    The above scenario and subsequent comments provide a great illustration of the difference between a mediocre salesperson and a true sales PROFESSIONAL!

  •  
    9

    Gautama

    11/24/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    How much times we have seen a customer say: "I never said that or I never agreed to that before". If he is from a purchase group and overworked, even more the reasons. The point of manupulation starts only if you suceed with the deal.

  •  
    10

    Juffowup

    11/24/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    "The above scenario and subsequent comments provide a great illustration of the difference between a mediocre salesperson and a true sales PROFESSIONAL!"

    Yeah Geoffrey is brilliant, I've learned a lot from his "Sales Bible". However, I think he's had a lot of experience in the older school environment. Some of the newer challenges I think he's not so familiar with.

  •  
    11

    Geoffrey James, Sales Machine

    11/24/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    Re Note 10:
    I said it was an old technique. The fact remains that some situations are old school situations. Selling insurance is an example. Also some B2B environments. Understanding traditional sales techniques doesn't mean that you're forced to use them all the time. For example, many sales pros no longer need to cold call because they've got a network of potential customers. However, knowing how to cold call well is still a valuable sales tool.

  •  
    12

    bnetgeo

    11/24/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    I agree. Techniques change but people don't really change. This is all such a hoot! I'm glad to see so much passion. What I have learned over the years of selling and being sold is be true to yourself. I don't believe there is one "best" approach. What does work, regardless of the technique it masquerades as, is being your natural self. There is nothing worse than watching some poor junior salesperson trying to sell like his boss because that's how he was ordered to sell. It comes across as phony because it is phony.

    Sales is an art, not a science. I for one like to have many tools, old and new, at my disposal.

  •  
    13

    Juffowup

    11/25/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    Hmm.. Geoffrey, do you have any books on "sales triage" and deciding what method is best is used in differing situations. Also, do you have any plans to write anything on technology sales?

  •  
    14

    Geoffrey James, Sales Machine

    11/25/09 | Report as spam

    RE: How To Kill an Objection -- For Good!

    Re Note 13:
    I write a bimonthly newsletter on software sales. You can sign up here:

    http://www.sellingpower.com/html_newsletter/

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