Objection Handling

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Not Every No is a Hard No | Not Knowing the Difference Costs You Sales Orders

Not Every No is a Hard No | Not Knowing the Difference Costs You Sales Orders

Sales rejection is a killer.

And I know.

But what dawned on my last week is that lots of sales people suffer from it and that many more of them are carriers.

It’s just a hot bed of sales rejection germs…

Sales Rejection | Are You Infected or a Carrier?

Check out these symptoms:

A genuine belief that a buyer will say no to your offer.

Sometimes praying that the buyer will say no quickly so you can update your sales pipeline and move on to the next sales prospect who you also expect to say no.

You have a tendency to either close to early, before you can guarantee a yes or…

Maybe you close to late, by which time the buyer has forgotten why he was even talking to you…or

You don’t close at all because you’d rather have some sales pipeline of questionable value than an empty pipeline

When your prospect does say no, you take that no utter something about keeping in touch and end the call, update your CRM and move on

How many of these symptoms have you got?

Is it fatal yet? I ask because sometimes we call catch sales rejection, might just be for a day, a week, a month, may just be when we hand out with certain people…but the first step to recovery is recognising we have it, and then how to cure it.

Because there is a cure.

Sales Rejection | The Story of Stephen.

I see Stephen 4 times per yr as part of a sales audit I do for a national client. Steve is a top performer. He’s the guy I ask everyone to chat with if they’re struggling with sales.

Firstly, because he’s a really nice guy, but also because he treats his prospects and his sales pipeline with respect

Steve tells it like it is. He challenges when he needs to, is great at listening, asks fanatstic questions.

BUT the reason Steve consistently smashes his sales targets, his cross sell lead gen, his up sell, and the reason why his average sales order value and customer lifetime order value is higher than anyone else is because Steve know s how to handle objections.

At this, he is a GOD!

So, having spend the week with Steve and his colleagues I move on to do some preliminary work on a sales turnaround project ready for next month.

Faced with a failing sales function, and some real anti-sales, almost sales prevention, selling techniques during sales call review, I couldn’t help but ask myself, when it comes to sales rejection…

What Would Steve Do?

Here’s the guidelines Steve uses for handling objections, minimising sales rejection and turning that sales rejection into an order and an invoice.

Here you go:

Steve only asks for the order when he knows he’s going to get a yes.

So, Steve reduces the times he can get hit with the Sales Rejection virus.

Until that point when Steve asks for the order and expects to get a yes, he uses that time by being a very valuable person to the buyer.

During which, Steve is simply asking questions.

Steve gets the buyer to clarify their thinking.

He challenges some of the buyers believes about Steve’s solutions.

Steve is also working with the buyer to help the buyer understand the cost of not buying. That’s a cost not just within his own business, but within the buyers, competitive market.

After a while, the buyer sees Steve as a very valuable person to talk to.

In fact, the buyer often calls Steve to have a chat about some aspect of the industry, competitors.

The buyer is interested in Steve’s thoughts and views.

It’s almost like the buyer has forgotten Steve is there to take his money off him!

What Else Would Steve Do?

That’s a good question.

Steve never takes the first ‘no’ as and actual ‘no’.

That would never occur to him to take the first ‘no’ and a final sales rejection.

When Steve hears ‘no’ from his contact what his brain does is flip it immediately into…’I’m not sure at the moment, let’s talk some more and then ask me again’

Do you know how much difference that makes to Steve’s sales performance?

Huge amounts, so let’s take a closer look.

‘I’m not sure at the moment, let’s talk some more and then ask me again’

Ok, so how does Steve flip this?

First of all, let’s understand that Steve, wasn’t expecting this response, because, as above Steve doesn’t ask until he’s sure he’ll get a yes.

So the first thing Steve needs to do is look at where the mismatch is, because obviously he and the buyer aren’t on the same page any more.

So maybe he asks…

Ok, so the time’s not right at the moment. What needs to change, for everything to slip into place so you can go ahead?

Now, think about what this question encourages the buyer to do, and how Steve can benefit from this.

Then perhaps Steve asks, 

Right, thanks for that. I understand where you’re coming from now. You know we talked about you losing £X K every month you didn’t have this solution in place? How viable is it really, as we sit here today, knowingly writing of a loss of 6 months worth of £XK whilst you get these other elements sorted? Instead, together, lets find a better work around than this?

What Steve’s just done, because he’s already calculated the Sales ROI for his buyer before the sales close, is be able to quantify the money lost due to waiting

In doing that Steve’s asked the buyer in the nicest possible way…’Are you TOTALLY insane’.

But the buyer won’t hear that. Instead he’ll see Steve trying to help him save money.

What Steve has also done, is make himself part of the fix with the buyer. Now they are a team. It’s a peer to peer conversation – not a battle of wills in a tense sales arena with the buyer running scared as happens here: Anyone Seen My Buyer?

But it doesn’t stop there

And it doesn’t stop because the buyer has given Steve an insight into what the blocks are, now Steve needs to challenge the buyers thinking and reframe those blocks as something else, maybe milestones, gateposts but certainly not full stops in the sales process.

Steve now goes into a counsellor mode with the buyer, where his job is not to provide solutions, but just to ask his buyer the right questions.

Steve wants his buyer to come up with the solution.

And, Steve wants his buyer to have clarity on that solution.

Steve wants his buyer to own the solution, because, when that happens the buyer doesn’t say no to his own ideas!

What Doesn’t Steve Do?

He certainly doesn’t take the first no

He doesn’t take the second or third no either

Doesn’t offer to leave the buyer to take up the conversation with a competitor

He doesn’t say ‘ok, I’ll update my file and give you a call in 6 months to see if anything has changed’

He doesn’t burn sales leads and opportunities

Why Does Steve Refuse to Catch Sales Rejection?

That’s the killer question in this.

Why does Steve not fold at the first no and so many other sales people just accept sales rejection as part of the job?

Because Steve has a single focus that means he’ll never ever be a sorry victim of sales rejection, and her’s why:

Steve never progresses poor quality sales prospects through his sales pipeline…he cuts then loose when he realises either the prospect is not a fit for his solution or the solution is not a fit for his prospect buyer.

What this means is, that by the time the buyer is ready to be closed, Steve knows its a great fit, there is huge value for the buyer and that the buyer knows this.

Which means it’s not about shoe horning a solution in, it’s simply working out the the final details based on a foundation of great advice, trust and education.

Steve doesn’t carry low level prospects with a vague interest in buying with a low value payback on his solutions. He leaves those to the other competitors in his field.

Sales rejection, and the potential to be subjected to sales rejection starts at the very beginning of the sales qualification process.

Steve knows this.

That’s why he has the best sales conversion rate. The highest average sales order value, the biggest lifetime order value. Why he smashes his cross sell lead generation target and why CSI score is the highest in the team.

Discover How You Can Avoid Sales Rejection Too

You can join us on or bespoke or open B2B sales training courses – you can check out the dates for the Sales Improvement Workshop here

Or,  to embed a B2B sales training course and continuous sales improvement culture into your sales function, take a look at TurboCharged Sales

To discuss how to build a productive, efficient and high performance sales team, call Carol on 0779 002 1885 or email carol@mortonkyle.com 

Sales rejection need not be a sales killer but leaving handling sales objections to the end of the sales process definitely increases the chances of experiencing the symptoms which could so easily be avoided.

 

 

When Is A Sales Person Not Really A Sales Person?

When Is A Sales Person Not Really A Sales Person?

When they can’t deal with sales fails from buyers!

There are some sales fails you can’t avoid.

Your buyer gets whisked away by an alien space ship and is never heard from again.

The prospect wins the lottery 2 days before he was due to send you the purchase order and he’s now only contactable via his broker.

Or even worse, your sales prospect has found a new religion and is giving up the rat race…and to send you the purchase order he promised would cloud his karma for years…

We’ve all been there!

Sales Fails Happen

And most of them are avoidable.

They just need a bit of backbone.

A dose of gumption.

Some carefully prepared responses.

An ambition not to be messed around or have you time wasted, and not to be taken for a ride.

A voice!

And guess what…no sales person ever died from having any of these

Unlike the many sales careers which have died as a result of not invoking the above.

So, which is it to be?

Do You Deserve the Job Title Sales Person?

Because if you’re falling for any of the prospect lines below then I’m afraid the computer says NO!

Let’s test it out.

Great sales people, professional sales people just don’t tolerate the sales fails…

  1. Send me some information
  2. Call me back on Friday
  3. I need to discuss this with my partner
  4. I have to get three quotes
  5. We’ll buy in two months time, the time is not right now
  6. We don’t have the budget now
  7. We’ve bigger things to sort out now, so we like your product/service, but the time is not right
  8. We like your competitors product better, so we’re going with them
  9. We’ll stay with our current supplier, thanks for all your help and work to date
  10. What discount can I get?

So, are you falling foul to these sales fails?

Hearing these sales lines from your prospects and saying ‘ok, talk soon’, putting the phone down, updating your CRM with the same shoddy sales lines and moving on to the next call?

Are you?

Wake Up. These Sales Fails Are Killing You!

Do you even know how much money you are leaving on the table.

How many ripe sales prospects you’re leaving there for your competitors to pick up, just because they might be a bit more sales savvy that you?

Even worse, you’re burning sales leads.

And even worse than that, you’re wasting time.

That’s the killer trifecta in sales – Time, Money and Opportunities. All going up in smoke because you won’t, can’t don’t care enough to push back.

What the hell kind of sales person are you?

Wow, way to go, broke, time poor and scrambling for sales leads.

Sucks to be you!

Sales opportunities trickling through your fingers…

Stop It. Now. No More Sales Fails

Join us for one day and discover how to consistently handle all potential sales fails.

Discover how to flip the sales fails that are now costing you time, money, opportunities, respect, career advancement and critically strangling your earning potential.

This is for all sales guys who are tired of being messed about by sales prospects and buyers.

Are you ready to say goodbye to mediocre selling?

You can also sign up for our weekly sales and business developments newsletter – The Advanced Business Acheiver

You can also check out our self study sales improvement package – TurboCharged Sales

Happy Selling

Carol

0779 002 1885

carol@mortonkyle.com

Join is The Sales Improvement Workshop and discover how to deal with the sales fails that are crippling your sales potential.

And, just  in case you do get to the stage where you’re sending out sales quotes and then your buyer disappears (yes, yet another one of those sales fails) – check this out What To Do To Stop Your Buyer Going AWOL – Following Up Sales Quotes

 

 

BASIC B2B SALES TRAINING COURSE – Being Brilliant at the Sales Basics

BASIC B2B SALES TRAINING COURSE – Being Brilliant at the Sales Basics

BASIC B2B SALES TRAINING COURSES – who needs it?

Everyone!

You know why?

If you get the basics of sales right, then everything else flows.

You’ve got the right foundations to build a super, highly qualified sales pipeline of good quality prospects who will close.

Ker-ching!

Instead of being a busy sales person, running around like crazy, chasing every prospect who breathes in your direction and wondering why you’re still at the bottom of the leader board.

Plus, people who are new to sales and want to learn the right habits, the correct sales skills, who appreciate that it’s worth investing in the themselves to get the best results they can in the shortest possible time frame.

Why Do We Run Basic B2B Sales Training Courses?

Monthly, we conduct about 10 in depth sales audits on failing sales functions.

You know what every single one of those sales teams have in common?

Yep. You’ve guessed it.

No or poor sales processes. Hit and run sales techniques. No sales structure that fits buyers buying cycles. No follow though, treating all sales leads as if they are worth the same. Poor qualifying questions. Huge sales pipelines but no-one hits sales target and lastly. Many (not all) don’t know what great salesmanship looks like…

And the real top three killer symptoms of failing sales teams are:

  1. They don’t know what they are really selling, and it’s rarely what the buyer wants to buy…
  2. Inability to map a buyer’s buying process so they can never close the deal effectively
  3. They have no clue about the competitors, and all they do know is that the competitors are cheaper and that’s why they can’t hit sales targets

And that’s sad, because most people go into sales for the uncapped earning potential, so it begs the question, why operate with only half a tool box, or even blunt tools?

So, here we are: just for you.

THE basic b2b sales training course for wherever you are in your sales career, or wherever your sales team are.

Either way, you’ll get huge benefit from attending this course or having your sales team attend.

Basic B2B Sales Training Courses – Being Brilliant at the Sales Basics

Being Brilliant at the Sales Basics is a two day sales course specifically designed to look at the foundations of successful selling in any environment.

This course is a must for anyone who wants to improve their sales performance over a very short time. With increased motivation and confidence, attendees will be able to proactively take responsibility for their sales pipeline, sales forecast and sales figures.

It also acts as a great refresher and a strong spring board to launch any sales growth initiative. Perhaps around a new quarter, a new product, merging sales teams. Or simply re-affirming the sales function, goals, revenues and making everything on the sales agenda achievable for everyone.

In Basic B2B Sales Training Courses we look at how to;

  • Qualify prospects – meaning the pipeline is filled with quality, qualified prospects
  • Removing hurdles to get to the decision maker – make more sales presentations per day
  • Secure the decision makers interest – make every pitch a winner
  • Maximise the cross sell and up sell opportunities in every call – increasing average order value on every call
  • Arrange appointments where there is a high level of interest in purchasing – no more wasted visits
  • Powerfully present the sales proposition in exactly the way the buyer wants to hear it – minimising the sales cycle and the time taken to close
  • Remove objections – using the prospects objections to increase their reasons to buy
  • Maximise profit from any sale – it’s about doing more with less – greater return on your sales efforts
  • Delay closing until the buyer will say yes – most sales fail because the sales person pitches too early and with the wrong proposition
  • Use these same principles to reactivate lapsed customer – re-engaging lost customers is one of the quickest and easiest ways to build a solid sales pipeline
  • Effectively sell against the competition – building your market share whilst diminishing the competition has to be a sales strategy in this economic climate where survival alone is not enough
  • Influence and persuade at all stages of the communication – sell even when you’re not selling
  • Build a loyal relationship based on trust, transparency and honesty – build and maintain the status of trusted adviser
  • Get referrals from every call – even where you don’t make a sale
Fully Bespoke Basic B2B Sales Training Courses

Yep, fully bespoke. No a hit and run B2B sales training courses here. This is a new way of selling.

And that’s for one reason. No one ever made a consistent improvement in their sales teams results by having a one day sheep dunk of a sales training course.

If only it were that easy.

So, we will take a deep dive into your competitors, your industry. Looking at your specific sales challenges and objections, all so we make the training as relevant and real world as possible.

We will speak with your sales team before we deliver.

We’ll look at sales stats for the last 12 months. The peaks, troughs, average order value, discount levels. We’ll look at discount orders versus full price. And review sales cycle duration, a myriad of sales conversion rates, for the team and for individuals.

Then, when we’ve designed your course, delivered it, we’ll work with your sales leadership function to ensure it’s implemented and embedded in your sales culture.

Because that’s the only way to bring about long lasting positive change.

Next Step 

Call on 0114 236 1221 or email carol@mortonkyle.com

If you’re not ready yet and want to check out more about what we do – you can check out some of our free sales guides. Just go to the menu at the top of the page and hit Free Sales Guides

And you can register for The Advanced Business Achiever – weekly, span free newsletter with sales tips and business development insights to share with your team in sales meetings, use in daily coaching sessions or weekly team training/briefings or even to spark some discussions around reviewing your sales strategy.

Plus: if you want to embed your own sales improvement strategy – this is for you – TurboCharged Sales

Basic B2B Sales Training Courses – perfect if you’re serious about improving sales skills, unleashing the potential wrapped up in your sales team and dominating your market sector.

Three Sales Myths That Cost You Sales – BUSTED!

Three Sales Myths That Cost You Sales – BUSTED!

Sales Insight

Every business leader craves real, meaningful and timely sales insight. If that’s what’s bough you to this page then check this out

Meaningful sales insight is so important, especially since much of the information floating about will leave you mired in superstition and folklore…not so good when you’re aiming for sales improvement.

I’m a scientist at heart. That means all things are semi-predictable and there is typically a cause and effect at play somewhere along the line, you’ve just got to dive in far enough to find it.

That’s why sales myths like this just blow my mind (and not in a good way) so here they are – busted once and for all.

MYTH 1: It Takes 7 Touch Points to Make a Sale…

Sure if you’re THAT incompetent…hell, let’s make it 25 and really over egg the pudding.

First Fact – the longer the sales cycle the greater the chance of the competition joining the party. That what you want?

Second Fact – with more touch points, I guarantee, you won’t be increasing the sense of urgency, you’ll subconsciously telling the prospect he’s got all the time in the world.

Third Fact – who has that much time to WASTE?

Fourth Fact – ok budgets are on hold for specific release dates, decision makers are sometimes wrapped in endless buying criteria cycles and decision making nightmare. BUT…if your sales contact plan is predicated on 7 touches you might be giving the sales cycle just a bit too much time

Sales Insight 1: Understanding the decision making process and the buying process is key to shortening the sales cycle.

To find out how to REALLY SHORTEN the sales cycle, kick the competition out and engage the prospect in the SHORTEST possible time – check this out

MYTH 2: There is Less Competition in the Extra Mile

You’ll all have seen the stats claiming that most sales people give up after 2 follow up attempt. The same stats that claim most orders are placed after 12 follow up attempts. Is this true?

So what do these stats actually tell you?

  • Some sales guys are cut and run merchants?
  • Sales guys are super hot at qualifying and have made a commercial decision to ditch a prospect who’s not worth the time/effort investment?
  • Some ales guys can’t invoke prospect urgency and curiosity in any shorter time frame?
  • Some sales guys are stalkers? (12 follow up calls and I’d be changing my telephone number if I were the prospect!!!)
  • Prospects are just playing the long game?Trying to get the sales guy to panic and drop the price (‘cos that never happens!!!)
  • Sales guys can’t close!

Any, all, some, none of the above could be true.

But, based on 20 years experience let me tell you what I know:

  • Most sales guys don’t know how to shorten the sales cycle, and this is simply because they often don’t think to, which means they don’t ask for the buying criteria or the decision making criteria before they invest their valuable time in the sales process.
  • Sales guys who maybe lack a little focus and who don’t love new business development typically fall in to the Sales Stalker camp. It’s easy there, they feel busy, they can boast about the value in their sales pipeline…
  • Prospects are not always fast to make decisions – that’s why having the sales person create urgency is sooooo very important.
  • Some sales prospects will drag their heels because they just KNOW that it’s the fastest way for the sales guy to get nervous and drop the price (smart prospect huh?)

Do I believe the stats? Maybe…

Do I think it’s good use of a sales persons time to chase 12 times? Rarely…

I’d rather have a process that didn’t rely on that…if you’d like the same process – check this out

Sales Insight 2: Getting in principal decisions/agreements at every stage of the buying cycle/decision making process is critical to ensure your buyer is not simply a chattering head with no intention of committing.

MYTH 3: Sending 20 Sales Emails is as Good as Having 20 Decision Maker Sales Conversations

Internet businesses are springing up all over, telephone numbers are disappearing from websites, everything is done via a contact form or an email.

Why is that important? Well these firms boom, record sales, mega growth and wow. All supposedly on the back of email and online interactions. That’s amazing.

And it’s turning the heads of B2B sales people because they got to thinking that people buy from emails, that people will read 12 page email brochures, that buyers click a few buttons and send the purchase order.

Oh if only.

Sales guys think a great email is as good as a great sales conversation. NO WAY!

I’ve seen good sales people fail miserably because they forget (displacement activity) to pick up the phone every single chance they got. I mean really tanked. Off a cliff tanked.

Likewise, I’ve seen mediocre sales people smash sales targets because they worked the most effective sales channel harder than their email writing, social media surfing, LinkedIn connectors!

Sales Insight 3: Look – both routes work. But neither route works to the exclusion of the other.

Sure, social media is great for research, relationship building, building highly qualified lists of prospects. But it’s the sort of activities that can be done at any time, BUT not during core selling hours and not to the exclusion of picking up the telephone.

So What?

I did a sales audit last week. Some sales guys were spending as little as 20 mins a day on the telephone and the Sales Director wondered why sales results were nowhere near what they needed.

Strangely no-one could really identify where the rest of the day went. They just knew that it went. The figures showed that wherever it went, it wasn’t on generating sales, feeding a pipeline or creating value that prospects were prepared to pay for…so, go figure.

We need to understand what sales channels work best, and work those, because that’s where the sales results are.

The Sales Improvement Workshop is designed specifically to get the juice back in to talking to prospects. Get the sales function having proper sales based conversations. Sharing sales insight. Delivering business development and sales techniques that will destroy all the myths that are leading to sales people losing focus.

This course can be delivered internally or it’s run monthly in Sheffield. Just call or email to discuss which option is better for you, contact details are below.

What Next?

Book Your Sales Audit. If you’re looking to improve your sales results, then before you do anything, book your Sales AuditIt’s the fastest way to identify all those areas that are stopping you getting the sales results you deserve. Delivering sales insights that allow for targeted and focused sales interventions…instead of buying into the the sales folklore and myths currently derailing your sales results.

Book now.

Happy Selling

Carol

carol@mortonkyle.com 0779 002 1885

p.s. You can also subscribe to a free weekly sales insight and business development newsletter. I’s great for supporting daily sales huddles, internal sales training and sales coaching sessions. Subscribe here – The Advanced Business Achiever