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Real Estate Agent with Coldwell Banker Tenafly 0456250

Low Profile Selling
By: Tom Hopkins

How do your clients perceive you? Do you come across as competent and professional? Or, is your selling style such that it appeals to a limited number of clients?

Today's consumers are better educated and more sophisticated than those of just ten short years ago. You can say all the right things and some still won't make a buying decision.

Many times it boils down to the fact that customers simply don't like or trust salespeople. Sales professionals are learning to diffuse potential customer biases and win their trust by adopting non-sales-type personalities. By coming across differently than all the other "typical" salespeople, the pros are earning the respect of their clients and higher incomes. They are able to build long-term relationships and establish solid business bases through referrals.

Your selling style affects everything...especially how you close sales. Here's an excerpt from my book, "Low Profile Selling" on that subject. Enjoy!

How to Consummate the Sale

 

What do salespeople really do when they consummate sales?

 

When I wrote the book "Low Profile Selling," I wanted to get away from the term "closing" because it's considered by some as too hard-sell. So, I decided to use the word consummate.

In the dictionary, the word "consummate" means "perfect ending." I like the sound of that and the image it brings to mind. It's the perfect ending--everyone is happy. The new client is happy with the benefits they'll receive. You're happy because you now have a new client. Your manager will be happy because you moved product. Everyone is happy.

 

So, how do we go about consummating more sales?

 

In doing your job right, you need to determine your potential clients' specific needs, then show them how your product or service fulfills those needs. Then, psychology comes into play. Even when they see the value of your offering, they will have to rationalize the decision logically before they'll make that final commitment.

 

When you see that your potential client is heading toward a stall, you'll know that they have not yet rationalized that having the product is worth more to them than keeping their money. They'll lean toward procrastinating and postponing the decision. If you let it go far enough, they'll actually begin to feel fear about the decision and freeze about making any decision at all. (It's that "deer-in-the-headlights" thing.)

 

They may say something like this, "Tom, I'm not sure about the quality of this product." Or, "I don't know if we're ready to go ahead." When you hear things like that, you know you need to move into an even more helpful mode.

Begin gently by trying to find out specifically what's holding them back. Say these words, "John, obviously, you have a reason for saying that. Would you mind sharing it with me?"

Let him expand and elaborate. He'll usually give you the information you need to help him rationalize. Or, in some cases, a spouse might jump in and help you overcome the objection. I've had situations where the other decision-maker jumped right in and closed the sale because he or she had already reached a point of rationalization.

 

The key is to help them see that the benefits outweigh the investment they're making. Until you do, they may be feeling a little bit of pressure. This will be internal pressure--nothing you've exerted on them. However, you will have to be the one to relieve that pressure if you want to move ahead.

 

I teach three gentle ways of relieving pressure in this book. Here's just one: Whenever you hear things like, "I don't know if we should," "I'm a little worried," "It's not in the budget," etc. there are five key words you must use. They are "I understand how you feel." Those five simple words will go far in softening them up to listening to your rationalization. With those five words, you're saying, "I'm on your side. This is not a battle. We are walking the road of ownership together--side by side." This will help lower the defenses created by any fears that arose, keep them open to discussion and allow you to consummate the sale.

 

Frances C. Rokicki
Fran Rokicki Realty, LLC - Bolton, CT
Broker-Mentor,CRS

I remember listening to Tommy Hopkins over twenty years ago:)  Good stuff! I still follow some of his advice, all of these years later.  Zig Ziglar is another favorite.  I love to read his books on selling.  He often uses the term "auto university", meaning it's a good place to get an education from tapes or cd's while you are out and about with your business.  Both of these sales trainers offer good tips, scripts and advice. 

It's a Good Life!

Fran

May 25, 2008 03:37 AM
Fernando Herboso - Associate Broker MD, & VA
Maxus Realty Group of Samson Properties - Clarksburg, MD
301-246-0001 Serving Maryland, DC and Northern VA

He is a legend.  .  . .

May 25, 2008 03:38 AM
Janis Trent
Realty USA Southwest, Inc - Phoenix, AZ

Great reminder to all that have studied Hopkins.  We are not selling, we are providing a service and working as a team to make it happen.

May 25, 2008 04:11 AM
Michael Setunsky
Woodbridge, VA
Your Commercial Real Estate Link to Northern VA

After twenty plus years, you can still learn something from Tom Hopkins. I listened to his tapes when I first got into real estate and have since read several of his books. Thanks for sharing.

Good Post!

May 25, 2008 04:13 AM
Dennis Sanchez
Coldwell Banker Tenafly - Hackensack, NJ

Tom Hopkins' training has gotten me to, a point, to where I am today. I love his teachings.

May 25, 2008 04:22 AM
Tom Davis
Harrington ERA,DE Homes For Sale, $$ Save $$ Buy Today ! - Dover, DE
FREE Delaware Homes Search!, $$ Save $$ - Find Homes! Delaware Realtor

Tom Hopkins sounds like "The Man".  Well I will research more on him, thanks.  I've been in business for 2 years but never heard of him.  I do know the phrase you use...IT DEFINITELY WORKS!  I typed up a blog about using this phrase earlier on this year.  I used to be an advisor for Fortune 500 bank , MBNA.  We must use the phrase "I Understand" or "I respect that" ...it is called a "Cushion Phrase".  At MBNA it was the technique called: "Cushion, Position, and Close"  It was a top program and resulted in thousands of dollars in business.

May 25, 2008 05:46 AM