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  Home –› Business & Companies –› Sales
   
 

Overcoming the Objections That Keep You from Achieving Massive Success

   
Author: Kurt Mortensen

No matter what youre selling, all objections can fit into one or more of the following categories:

1. Fear of failureCan I do this? Will this really work?

2. Lack of supportspouse, parents or friends unsupportive

3. Cant make the commitmentdont have time, conflicts with existing obligations, childcare concerns, etc.

4. Not enough motivationthe discomfort of the prospects current situation is not great enough that s/he wants to make changes

5. Financial concernsfear that the prospect cant afford it or will be extremely stretched trying to. Is it worth the investment?

Notice that I listed financial concerns last. Cost is often the first objection that is put up, but usually its not the true reason, deep down, for rejecting a product or service. Ill explain more about this topic later. With an idea of where objections stem from, lets talk about when the optimal time is to handle them. As I already mentioned, the ideal scenario is for all your prospects questions and concerns to be answered as a natural course of your exchangenot after youve gone through your entire presentation. Nothing de-energizes your persuasive efforts more than lingering doubts and concerns that remain unresolved in your prospects mind. When you are interviewing your prospects, use your open-ended questions to help them open up and shed light on any possible areas of concern. With this approach, you are opening the door to bring up and cover such issues on your terms. This persuasive strategy is not a matter of manipulation; by virtue of the roles you each playyou as the one offering a solution and the prospect as the one seeking a solutionit is more practical and effective for both parties to get what they want.

There are two challenges at play when, after youve gone through your presentation, a prospect still voices concerns. First of all, you did not discover enough information to accurately anticipate and diffuse concerns while they were still seeds in your prospects mind rather than rooted plants. Secondly, if the prospect has to bring it up and begins questioning you, merely by nature of the dialogue, you are now on the defensive. This flipping of roles will never place you in a strong persuasive position. Worse, if you do project even a hint of defensiveness or insecurity toward your prospect or product, that in and of itself can breed more doubt in the prospects mind than perhaps the original concern did. How awful to lose a sale based on mistaken perceptions! And yet, these details make or break sales all the time.

Lets talk about price for a moment. It seems to be everyones top concern, doesnt it? Independent researchers found that 68 percent of prospects admitted that price was not the determining factor, but they also admitted that they knew by experience that stating that the price is too high is the best way to get rid of a salesperson. Price, in fact, is seldom the sole reason for buying or not buying something. When asked the reasons why they did buy something, 94 percent of interviewed customers mentioned non-price issues as being the most important factor for their purchase. If you think about it, it doesnt make sense to buy something just because the price is good. What if its not something desirable, useful or necessary? Would you buy it just because of its price? When you do a good job of helping people see how your product will improve their lives, change their lives or move them from their current situation to their desired situation, price is usually the least of their concerns. It all goes back to the emotionsthe pain of their current situation sharply contrasts with what they want and hope for in the future and is thus the true motivator. At that point, you could name almost any price and they would buy. I say this not to suggest in any way that you should take advantage of that psychological tendency but simply to underscore that price is not the issue.

Now, lets look at the worst-case scenario: Even after the best presentation you could muster, your prospect still has issues. If you ever find yourself in this situation, there are a number of considerations to bear in mind. First and foremost, ask yourself if this is a conflict you can even resolve. Suppose you find out the real reason why your prospect is hung up on the price is that s/he just declared bankruptcy. In that case, obviously, no matter what you do or say, you have no control over the situation. If it is an issue that is solvable, however, then let your prospect talk. Just hearing her/him out will diminish her/his need to contend over price. Conversely, if you become upset, impatient or condescending, you will just make your prospect cling to the price issue.

Always remain calm and empathetic in the face of resistance. This behavioral strategy will come across as more professional, credible and trustworthy. A calm and caring demeanor also gives your prospect room to save face if s/he changes her/his mind. Never back your prospects into a corner. Its a good idea to start out at square one and review with your resistant prospects the many different ways in which your product meets their needs. Help your prospects step back again and see how your product will move them from their current situation to their ideal situation. If, in the end, they remain adamant, never close the door. Extend to them the opportunity and invitation to come talk to you again should they ever change their mind or have further questions. And lastly, dont beat yourself up. There are those people who are just going to resist, even if you said and did everything perfectly. This rejection is usually based on their own past experiences and perceptions, so dont take it personally.

How do we handle those common put-offs like I need to think this over, I need to sleep on it, I have to talk to my wife first? If your prospects are insistent, respect their wishes, but be sure youre following up again within twenty-four hoursforty-eight hours at the absolute most. If you let too much time lapse between your initial encounter and your follow-up, you communicate to your prospects that its not important. Then they feel like theyre off the hook. If youre not the one calling them, it is very likely youll never hear from your prospects again. A key thing you have to remember when following up is that the emotion of the original dialogue has dissipated. You must bring it back in order to close the deal. This is why sales that arent closed at the first meeting are harder to close down the road. Its somewhat of an irony, but the shorter the sales time, the better. The longer a prospect has to think about it, the less likely it is that youll have a deal. So remember that, when following up by phone, youre going to have to exert that persuasive energy all over again to recapture your prospects excitement and enthusiasm. Moreover, you will no longer have the advantage of being able to do so in person. Also, you have less time to do so since your conversation by phone will generally be shorter.

One effective way to minimize the likelihood of sending someone home who still hasnt made a decision is to make a very clear qualifying statement right up front. A qualifying statement occurs when you define at the outset exactly how you are going to spend your time together. Additionally, you define what your expectations are for each other and what you hope to get out of the meeting. In essence, you are qualifying your time together and how it will be spent. An example of a qualifying statement would be: Mrs. Smith, what Id like for us to do today is find out exactly what youre looking for, get all of your questions answered and see if this is a good fit. If we both feel good about it, well get the ball rolling for you. If its not a good fit, well be up front about that, too, and maybe I can make some other recommendations for you.

Qualification is an excellent approach because it disarms your prospects. Youve told them exactly what to expect, so they can relax. They wont be caught off guard when you begin asking lots of questions because theyll understand why youre asking them. Also, using the word we is often helpful instead of I and you so that your prospects feel like youre collaborating together. By using the we voice, you will come across as more of an advisor than someone who is trying to sell your prospects something. Most importantly of all, this approach is designed to give you an answer, one way or the other, in that very same meeting. In other words, there wont be any loose ends remaining when you and your prospect walk away from each other. Here is another example of a qualifying statement: Lets make an agreement, Mr. Jones. Im not a high-pressure consultant, so you dont have worry about me trying to get you involved with anything you dont want. All I want to do today is show you how to increase your income in your business and how it will work for you. Please do me a favor and let me know today if this is a good fit. Fair enough?

Power Tools of Power Closers

In this section, Id like to outline five different powerful tools that are used by all power closers. Anyone who masters these skills who does not possess them already will surely see profound results. The first concept is that power closers are intensely goal-oriented. Talk about goals and goal-setting these days seems to have become very clich. In spite of this tendency, super-successful individuals who are driven to accomplish well-planned and clearly defined goals are distinguished from those who are mediocre. They know exactly what the bottom line is and exactly what they have to do to meet it. Not only this, but successful sales people typically push the bottom line so they increasingly out-produce previous records. The only reason they are successful in pushing the limits is because they are measuring. If you dont know the facts, figures or standards, youre trying to shoot a target in the fog. Then, not only do your prospects know the figures, but they also visualize their success. They can see themselves clearly in their minds eye accomplishing their goals. Pre-programming their success helps them fuel their ambition, desire and commitment. As a result, they have given themselves permission to win.

Another key tool of power closers is responsibility. No matter what happens, they accept 100 percent responsibility for their results. When challenges present themselves, power closers deal with them rather than make excuses. Nothing weakens your position more than when youre always shifting the blame to someone else. It takes a bigger person to own up to the results, whether good or bad. I remember a sales representative who was just getting started in a full commission sales job. He had been given a draw to help him learn the business. He thought he would be on the draw for most of the year. When the sales manager told him the draw was done, he told the rep, Its time to start selling like you mean it. The rep was floored. He thought he had more time to get his ducks in a row, but now he had to take full responsibility for his income and his success. At the time, he was very upset with his sales manager. Six months later, he said it was the best thing that had ever happened to him.

Power closers believe in themselves and in their product. You cannot get a customer to believe in your product more than you do. Top salespeople love what they are selling. Before taking on a sales task, ask yourself: Can I really put my heart into this? Remember, engaging your prospects emotions is crucial to closing the sale, and if youre not enthusiastic, theyre certainly not going to be. Your prospects have to feel good about the product in order to purchase it, and you have a major impact on how theyre going to feel about the product. Whether you like it or not, you are part of the package. They may not be taking you home with them, but your prospects will take home the attitude you project and instill in them. Enthusiasm alone will close deals. I have seen the belief and enthusiasm of closers work wonders in the time-share industry. The energy time-share sellers create and the belief in their product they exhibit puts many prospects into a vacation home.

Power closers are always honest with themselves and with other people. The average person can pick up on insincerity and falsehood. A power closer will always conduct her/himself with honesty and integrity just as a matter of principle. Power closers will not try to sell something that they know is not in their customers best interest. Coupled with this integrity is the fact that power closers sincerely care about their customers. They are attentive to their customers needs and concerns and respond to them with empathy. When dealing with a power closer, a prospect is never uncertain about where s/he stands. The power sales rep is also the prospects friend, advisor and advocate. I have seen real estate agents triple their business based on honesty and integrity. They tell prospects about the pros and cons of each house, each neighborhood and each pricing structure. Not only do these power agents get customers for life, but they also receive countless referrals.

Author Bio:

Kurt Mortensen

Kurt W. Mortensen is one of America's leading authorities on persuasion, motivation and influence. Kurt spent 15 years researching personal development and motivational psychology and is currently a professor on the university level. He offers his speaking, training, and consulting programs nationwide, helping thousands achieve unprecedented success in business and personal endeavors. Kurt is author of Maximum Influence, an Amazon.com bestseller and is endorsed by Stephen R. Covey, Brian Tracy, Robert Allen, and Mark Victor Hansen.

?This is truly remarkable information,? said Dr. Stephen R. Covey, Author of The 7 Habits of Highly Effective People. ?It is based on solid scientific research and extensive field experience. It contains unbelievably comprehensive and fresh new angles and insights to persuasion, using immensely practical examples.?

"This is a great,? said Brian Tracy, Author of Advanced Selling Techniques. ?Magnetic Persuasion shows you how to immediately influence and persuade other people in every area of your life."

Mortensen received a bachelor?s degree in Communications/Advertising from Brigham Young University in 1992 and an MBA in Marketing and Consumer Behavior from the University of Pittsburg in 1993. He presented on the speaking circuit with Brian Tracy, Dennis Waitley, and Les Brown.

He teaches that success in every aspect of life depends on the ability to persuade, motivate, and influence others. He combines scientific research with real-world studies to provide the most authoritative and effective arsenal of proven techniques for persuading, influencing, and motivating others.

?Kurt has provided the most complete work on persuasion and influence I have ever read,? said Robert G. Allen, Author of Nothing Down, Multiple Streams of Income, and The One Minute Millionaire. ?Nowhere in persuasion literature have I ever seen the art and science broken down into such thorough and easy-to-understand concepts, covering every aspect of persuasion imaginable.?

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