Sales Effectiveness: Overcoming Objections

In any selling situation, it is likely that you will need to overcome a buyer’s obstacles before a buying decision is made. Often, the way we “handle” objections turns the buyer off. Resolving objections effectively is a process that involves careful, sensitive listening and positive, factual responses to a buyer’s concerns. Buyer objections are not always rational. Objections are often totally emotional. You must respond to customers’ emotional needs and to the obstacles preventing them from buying, if you want to build long-term relationships. Step One - Listen It can be a real challenge to listen to objections. Most salespeople face the same handful of objections, and we tend to hear them all the time. We generally think we know what the buyer is going to say, and we often know how we will respond. Because of your familiarity with common obstacles, you may tend to listen halfway through and jump into respond. Instead, try to use this time to slow down the sales process, listen for understanding, and seernobjections from the buyer’s point of view. Steph Two - Question When the client gives an objection, you can perceive it in four ways: • What they sayrn• What you hearrn• What you interpret it to meanrn• What they really meanrnIt is critical that, before responding to the client’s concern, both you and the client clearly understand whatrnthe concern really is. Be careful not to interpret the objection, because your response might be off target ifrnyour interpretation is incorrect. Step Three - Cushion A cushion is a statement that acknowledges that you listened to the prospect, heard the objection,and recognized its importance. When a buyer states an objection, your first action should be to cushion thernobjection. A cushion does not agree, disagree, or answer the objection. Examples of Cushions: Objection: Your price is considerably higher than I expected.rnCushion: I appreciate your concern about the investment. Objection: I am happy with my current provider.rnCushion: I’m sure your current provider has been satisfactory. Objection: My staff is happy with the process they are using now.rnCushion: Certainly you want to keep your staff happy. Objection: I do not think we’re ready to make a change at this time.rnCushion: I know you want to make the right decision at the right time. Steph Four - Response Your response is determined by a great many of factors, including your relationship with the buyer, relatedrninterests, and buying perspective. However, one of the best ways to respond to objections is evidence. Evidence DEFEATS doubts.rnD DemonstrationrnE ExamplernF FactrnE ExhibitrnA Analogy Steph Five - Evaluate You may think that you have done a terrific job of resolving the buyer’s objection. However, it is what the buyer feels that is important. Before moving ahead, let’srntake a moment to evaluate whether or not the buyer is ready to move forward toward a commitment. Examples:rnDoes that make you feel morerncomfortable about the lease payments?rnHow does that sound?rnDoes that address your concern?rnT TestimonialrnS Statistics