Overcoming objections is far easier than you might imagine and I can boil down to 4 easy steps for you.  

  1. Hear the Objection
  2. Repeat the objection back
  3. Ask questions to get to the "Pain" of the objection.
  4. Give solution to the pain.

 Let me address each of these steps briefly:

Hear objections:  Whenever an objection occurs in the sales process, don't let it catch you off guard and get you flustered.   ALWAYS take a few seconds after the objection to absorb what you have just heard.  In some cases the client will actually start talking again and give you further insight into what the true "pain" of the sale is. 

 Repeat the objection back: after a few seconds, pause repeat the objection back to your customer and make sure you truly understand what they are telling you.   Ex. "So what you are telling me is that __________".    By doing this you are accomplishing several things.  First your customer feels that you care enough to make sure you understand them and you are giving them the opportunity to add something or correct you if you are misunderstanding.  This is a big step in building the right rapport with your customers.  

 Ask questions to get to the "Pain" of the objection: An objection is never as it seems.   If someone is telling you that the payment is too high, it is not the payment that is keeping them from buying; it is the true emotion behind the payment being too high that is.  This is called the pain.   IF YOU ARE NOT GETTING TO THIS EMOTIONAL ATTACHMENT, YOU WILL RARELY OVERCOME THE OBJECTION.  You must ask questions to get to the "pain" EVERY TIME THERE IS AN OBJECTION.  (We will cover this more in depth next week in Part 3).

PAIN IS NOT A REASON IT IS AN EMOTION!

Give solution to the pain: This is where the objection is overcome, or the sale is lost.  Once you determine what the emotional "pain" is, you MUST link yourself to the solution.   If the pain is sadness, then you must be the answer for happiness.  If you can't provide this solution, then you are not going to close the deal and it is time to move on.  

 Keep practicing these steps on every sale this week and notice your conversions start to increase.      

 Tune In Next Week:  We are going to cover the way to get to the true "pain" of a customer and how to use that to leverage you over the top and win the sale.

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Happy Selling and have a great week!

 
Post is included in group: Mortgage Marketing Tips and Strategies
Post is included in group: Real Estate Rookie
Post is included in group: Services for Real Estate Professionals
Post is included in group: Business to Business
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4 Comments on Selling Strategies - Part 2, Handling Objections Like a Pro

MAY
12
2008
3 Featured Posts Outside Blog

Hi Tom,

Thanks I needed that!  Have a great week as well!

Yvette Smith

Williamsburg's Preferred Realtor®

1:24pm • #1

Yvette,

Teaching and writing always keeps it fresh in my mind.   Thanks for stopping by.

1:30pm • #2
MAY
13
2008

I love the "pain" post!  This is so true.  Better still are the skills to help others overcome the "pain."  I'm looking forward to next week's installment! By the way, do you recommend any other literature that may assist others in helping customers get through the valley of "pain?"

11:20am • #3
MAY
14
2008

Rich,

 

You can get some GREAT tips on this in Zi Ziglar's book "Ziglar On Selling" .  More specifically chapter's 6 through 10.   Tune in for part 3 to shed some more light on the subject of getting to the "Pain".  Have a great week and happy selling.

4:36pm • #4

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Tom Elder, REO Insurance, All Risks, LTD Lender Force Placed, Wholesale Insurance

Hunt Valley, MD

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Tom Elder, Financial Institutions Underwriter, All Risks Ltd

Address: 10150 York Road, 5th Floor, Hunt Valley, MD, 21050

Office Phone: (410) 828-5810 x 3624

Cell Phone: (443) 632-5602

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