Overcoming Objections
By Joseph C. Ellers
Professional salespeople have the ability to close a sale when the price
is initially too high or the show is not exactly what the customer thinks they
want. Order-takers reduce the price or walk away. What kind of
sales force do you have?
The pace of business creates a climate where it is easy for salespeople to
get in bad habits.
One very bad habit is to fail to respond professionally when an objection
is raised. If your salespeople are in a "dialing for dollars"
mentality where they expect to burn through ten or twenty prospects to make a
sale, they will gladly write off a customer objection as a "no" and
move on to (hopefully) greener pastures.
Instead of accepting objections as "show stoppers," you
need to work with your salespeople to create professional responses that will
convert some of these objections into orders.
To do this, you need to do a little diagnostic to understand which
salespeople have problems—and what kinds of problems they have.
1. Do your salespeople believe in the value of your product or service?
2. Do they present value in their communications with prospects?
3. Do they have answers for FPOs (Frequent Prospect
Objections)
4. Do they use them?
Let’s take these one at a time. Do your salespeople really believe
in the value of your product or service? Too often, managers assume that
the salespeople believe in what they are selling. What kinds of feedback
do you get from your salespeople? Do they often tell you that they think
there are problems with the product or service? Do they often come to you
and ask for permission to discount some part of the sale?
These are indications that your people do not really know/believe that
what their show has value. If this is the case, you had better do some
educating quickly because people that do not believe in a product cannot sell
it. (They can take orders from customers that want to buy, but this is
not selling).
Do they present value? The best way to understand your salespeople's
approach to this question is through role-plays. Create some prospect
profiles that mirror different parts of your potential customer base
and do role-plays with your salespeople. If they truly sell value,
they will ask probing questions to clearly understand the business and then
present the products or services in ways that
respond to prospect needs. If they are adding value, they will also make
slight modifications to their presentations from one prospect to another.
Listen for salespeople that try to sell "price" as a
benefit. These are salespeople that do not attempt to sell
value. This makes them more susceptible to price objections.
To solve this problem, you need to reassert the value proposition of your
products and services. Put it in writing if you need to give the a "cheat sheet."
Do they have answers for FPOs (Frequent
Prospect Objections)? As you are doing the role-plays, trot out a few
normal objections such as, "Your prices are too
high," and listen to their responses. Because this is a "regular" objection that they normally
face, they should have good answers readily available. Listen to how well
they respond to these comments. Do they have answers? Are they the
right ones? Do they counter objections with "value"
statements? One good management activity is to generate a list of FPOs and their counters and make sure that everyone
understands it.
The final question is, "Do they use them?" Most people can
ultimately come up with the right answers if they have some time to
prepare. You want to know what is happening on the floor. Next
week, pull up a chair next to one of your salespeople and listen to what they
actually say in customer situations. Do not warn them and do not ask them to script
a day, just sit down and listen. A professional will try to present
value on every call.
One other important piece of information is that an objection is always a sign of at least some prospect interest. When a prospect tells a salesperson that something is wrong (price or product), they are giving you a chance to fix it. Work with your salespeople to recognize objections as opportunities rather than rejections.