Welcome back to week 3.  The week I would like to call the breakthrough week.   If you are like most sales people, you are talking with people and presenting your offers on a regular basis, but you wonder why your conversions are down and you are getting no where.  

One of the reasons could be lack of pain, or lack of emotional attachment by your customer.   This is what we will focus on this week.   

 There needs to be several things present for a sale to be made.  It is the old acronym

A ttention                   

I nterest

D ecision

A ction

 The step we are focused on this week is the decision step.   Once you have their attention and they have generated interest, then what?   Most sales people ask the same questions as everyone else:

How many do you want? , Why Are You Buying?  , Will You Buy Today? , Ect.

 These questions are an ok place to start, but that is where most people leave off.  They accept the answers to the questions as the REAL reasons that someone will not make a decision or buy from them.   Remember from last week REASONS = EMOTIONS!  

 The reality is that nobody walks on the lot lest they want to buy.   I train a lot of sales people  and believe me, if a customer has you on the phone or are in front of you, THEY ARE INTERESTED IN BUYING NOW!   This applies to ALL sales.   So why aren't they buying from you?   

 You have to get to the TRUE emotional reason behind why they need your product or service.   This is not to save money, or put a deck on the house, or drive a new car, or to own your new medical equipment for their practice.   The TRUE reasons are ALWAYS emotion based, plain and simple..  

 Here is an example played out in Q&A:

Your customer tells you they want to save money,

There is the Rookie sales person's answer:  Ok I can save you $500 per month.   (No Sale, if you can do it that easy then so must everyone else, right?) 

Then There is the Experienced Closer's Answer:

Q: How much were you hoping to save?

A: At least $500

Q: Why is it important for you to save $500?

A: It would be nice

Q: What would it do for you?

A :give us some breathing room

 Q: Are things tight?

A: Yes  

Q: HOW DOES THAT MAKE YOU FEEL? 

A: frustrated, panicked, sad, and depressed

Q: Would $500 make this sadness go away?

A : Yes, it would give us room

Q: If I could give you $500 or more per month, would we be working together?

A : Yes

 This is a simple example of getting to the pain and solving the emotional problem. If you are selling anything, the most important question to ask is some version of "How Does That Make You Feel?"     There is an emotional connection between the buyer and the product.   If YOU get to that emotion and are able to provide a clear path to the solution (make sure YOU are the path), then you will start closing more deals. 

 Stay tuned, next week we will cover the Traits of a Successful Sales Person.  

 

 Have a great week and Happy Selling.  

 

© 2008 Tom Elder, Tom Elder is available, on a limited basis for one on one and group sales training.   To contact Tom directly, email him at telder@tomelder.com.  More information is available at TomElder.com

 
Post is included in group: The Art Of Marketing You
Post is included in group: Real Estate Rookie
Post is included in group: True Mortgage Professionals
Post is included in group: Business to Business
Post is included in group: Maryland Real Estate and Mortgage Group

6 Comments on Selling Strategies - Part 3, No Pain, No Gain

MAY
19
2008

Thanks for the post, I am sure the tips will come in handy. keep them coming.

4:08am • #1
219,683 Points 4 Featured Posts Outside Blog

Tom, great tip for getting down to the real reason for the decision making process.

Good Post!

7:33am • #3
JUN
01
2008

It seems to me that if consumers continue to be bearish it becomes more difficult to make that extra stretch to get an emotional hook on the purchase.

Enjoyed the post.

Best wishes,

6:37pm • #5
JUN
02
2008

Our Monmouth,

Thanks for stopping by.   I do not personally think that the bearishness of the market has any bearing on the ability to get to pain.    I beleive that people put up barriers to keep the sales person out.   These barriers are objections that MUST be overcome to ensure that the potential client is on board and to ultimately make the sale.  

 You have to stay on them even if it feels uncomfortable.  If you can't get through the barrier or "stone wall" then there is a high likelihood that the person has no intention of buying from you.   The reason this seems more prevailing in a bearish market is because people don't have the moeny to spend and will not be buying from you anyhow.   If you can't get to the pain, regardless of the market, then the chance of closing is dramatically decreased.  

  The reality is that in a bearish market there are far less buyers and the numbers game goes way out of whack.   You will be getting through to less people and there will be even less people willing to "let you in" to get to the pain, because they can't buy anyhow.   This simple wualifying step is not losing you sales, it is keeping you from wasting your time with people that aren't going to buy from you anyhow.  

Thanks again for the comment and have a great week. 

9:24am • #6

Leave a response…



(optional)
What does the graphic say?
 
Rainmaker_large

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

Hunt Valley, MD

More about me…

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

Email Me



Links

Archives

RSS 2.0 Feed for this blog

Find MD real estate agents and Hunt Valley real estate on ActiveRain.