Overcoming Objections: 7 Easy Steps to Vaporize
a Customer’s Objections
By Daniel Adams
Handling
objections effectively is often the hardest thing a salesperson has to
do. What they often
don’t realize is that an objecting customer is a good thing--it
means the customer is interested enough in his solution to talk about
it. An objecting customer
is handing something to you on a silver platter…an opportunity for a
“precious moment,” a chance to differentiate yourself as a Sales
Superstar. In order to
gain the customer’s trust and to proceed hand-in-hand toward a
win-win solution, the salesperson needs to be prepared to vaporize any
objections. Here are 7
simple steps to “Vaporizing” any customer objection.
1.
Anticipate: Step one in handling any objection is to ensure that
you are not surprised, and therefore, perhaps defensive.
Work with your marketing department or find a veteran rep that
can help determine the top five objections you may be facing.
Research! Put
yourself in your customer’s shoes and ask what might be undesirable
about the proposed solution. Role-play until you are very comfortable
addressing each objection. Even
the most complex and technical products and solutions end up having
only a handful of key objections.
2.
Confirm the Issue: You
need to thoroughly understand your customer’s articulated
issue. Let’s say your
customer gives you the standard “your price is too high”
objection. If you
are an ‘average rep,’ you sprint back to your manager and request
an additional ten points of discount. Your manager is already at his
discount limit, so he must call corporate headquarters to obtain
permission for the deep discount.
After receiving a “yes” from the CEO, your manager calls
you at home with the great news. The
next morning, you dart into your customer’s office to excitedly
announce “I got the additional discount you requested on the
equipment. When can we get the purchase order?”
The customer smiles and says, “Thank you very much for that,
but I was referring to your maintenance and support cost being out of
line. While I appreciate
your help on the equipment side, what can you do for me on the
maintenance and support?” Ouch!
Why
did this scenario occur? It
is simply because you failed to clarify the customer’s objection.
When the price objection is raised, a Superstar rep will ask,
“Our price is too high? Compared to what?” Or, “Can you explain
that?” Question your customer fully. Ask for their help in
understanding every aspect of the objection.
3.
Credibility Preface: When a customer presents an objection, you
have two options: protest and tell them they are wrong, or use the
circumstance to gain credibility.
By arguing the objection, you put the customer in the position
of having to defend their stance.
The
other option is to simply step out of the way.
A credibility preface allows you to prevent a confrontation
with the customer. The
simplest credibility preface to use with most objections is to say,
“I can understand why you’d feel that way.
I would also feel that way, if I were you.”
Simply agreeing that a customer has a right to make an
objection helps to diffuse the customer’s discomfort and opens an
air of trust between you and the customer.
After
acknowledging your customer’s position, ask yourself whether the
customer is misinformed or correct.
If he is indeed misinformed, you can gently correct him with
unbiased proof of your position. Be delicate---correcting a customer
is risky business and you should do so only if you believe he can see
the error.
4.
Confirm the Underlying Need: This
is your most important step. You
must uncover the underlying need that is causing the customer’s
objection. Let’s say you
are selling cars. Your
potential buyer walks in and says, “I don’t like that car.
It doesn’t have enough horse power.”
You provide a credibility preface, by responding, “It is true
that there are cars out there with more horse power than this one.”
Then you seek the underlying need by asking, “Can you tell me
why horsepower is so important to you?”
He says, “I need to accelerate quickly for passing on the
highway.” Now you can respond: “So what you are really looking for
is speed and responsiveness.” In
other words, you have identified his real need as performance.
5.
Apply the Vaporizer Matrix™: Now that you have uncovered your
client’s underlying needs, you are in a position to use the
Vaporizer Matrix™. This
matrix integrates your customer’s high-level needs with your
company’s advantages, allowing you to immediately address your
customer’s stated needs. There are typically six high-level needs
for most business-to-business purchases.
1.
Performance -
Quality
2.
Ease of Use
3.
Reliability-Service
4.
Futures-Upgradeability
5.
ROI /TCO
(Return on Investment / Total Cost of Ownership)
6.
Risk
Vaporizer
Matrix for Car Salesman
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Performance-
Quality
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Ease
Of Use
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Reliability-
Service
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Futures-
Upgrade-
ability
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Roi
Tco
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Risk
|
|
Superior Handling
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Auto Door Lock
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10 year Warranty
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Great Trade In Value
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Excellent Trade In Value
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Largest Market Share
|
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Dynamic Stability Control
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Dashboard Controls
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Free Car Washes
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No-Cost Software Upgrades
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No-Cost Software Upgrades
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Local Dealership supported by community
|
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Acceleration:
“Zero to 60 in 6 seconds”
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Handsfree; Motorized rear Door
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Home Pick up and Drop off
|
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10 year Warranty
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Turbo Boost
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Smart Key Recognition System
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Computer controlled maintenance indicator
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Braking Distance
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Now
to utilize your Vaporizer simply locate the area that is important to
your customer and begin to share with them your advantages that are
related to his key need. “Mr.
Customer, if performance is a priority for you, let me highlight just
a few of our advantages which are exclusive to our offering.
We provide something called Turbo Boost. Even though
this car doesn’t have as much horsepower as that other one, its
Turbo Boost accelerates the car from 0 to 60 in 6 seconds!”
If
you fail to meet all of the customer’s needs with your unique
performance, you may now utilize the advantages highlighted under the
other columns. For
example, you will now stress your trade in value and large market
share, in addition to the performance offered by your automobile.
6.
Confirm: Make certain you have persuaded your customer to his
satisfaction. Confirm that you have addressed his concern by simply
asking, “Have I been able to address your needs to your
satisfaction?” If not,
then you will discover another aspect of the objection, which you can
discuss. If you have
satisfied the objection, you have achieved a significant
accomplishment. You have
made the customer feel that you care to and are able to thoroughly
respond to his worries. In
other words, you have earned his trust.
7. By The Way…. Now that you have succeeded in meeting your
customer’s objection, you can segue way into other matters, bringing
you closer to your sale. An
effective way to move on to the next issue at hand is to simply use
the transition statement: “By
the way, have we discussed your delivery requirements for this car?
By
following these seven easy steps, handling a customer’s objections
will become an opportunity instead of a problem.
These concrete suggestions will have you well on your way to
superstardom in your sales career!
Good luck to you, and remember, “Close
‘Em!”
Daniel J. Adams is a highly
sought after trainer, keynote speaker and consultant in the field of
sales and marketing. He honed his sales skills selling
multimillion-dollar solutions for Fortune 500 and high technology
companies such as General Electric, Cisco Systems and Ariba over the
past 20 years. Dan is the founder of Adams & Associates, the
author of the book Building Trust, Growing Sales, and the creator
of the Trust Triangle SellingTM best practice based
sales training methodology. For more information, please visit www.trusttriangleselling.com
or call
630-215-5090.
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