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Main Page –› Business & Commerce –› Sales
 

Eliminate Your Prospect's Pain to Close More Sales

 

For many years, I actually believed my customers and prospects when they gave me excuse after excuse for not buying from me. With my customers, the excuses came when I tried to convince them to try a new product they were not currently using. But from my prospects, the excuses were for not doing business with me at all.

Why is it, you might ask, that one customer was willing to take a chance on a new product and another is afraid of being a pioneer? After all, it is the pioneer who runs the biggest risk of getting an arrow in the back.

Theres no single answer to this question, but many times the answer lies with the prospects personality. Some prospects are risk takers and others are so conservative that they will only try something new if everyone of their competitors in the community has already begun to use it and experienced no problems. Other times, the prospect simply has doubts that the salesperson has yet to overcome.

Whats the best way to find out the real reason? Ask.

Heres one way to phrase your question:

Mr. Prospect, you have told me that [new product name] is attractive, reasonably priced and that you believe it will save you labor dollars. Yet, you still dont seem to feel comfortable testing [new product name]. If you dont mind my asking, what is standing between you and giving [new product name] a try?

Another reason we often find that prospects wont give a new product a try is because the devil they know versus the devil they dont know. In other words, what they are using now is working for them. Theyre not getting any complaints.

Therefore its sometimes necessary to make prospects realize that theyre not as well off as they thought they were. Without first suffering some amount of PAIN, many conservative people simply wont make a move to something new.

How do you make a prospect suffer some pain? Again, some well-designed questions frequently help.

Have you ever taken time to figure how much labor its costing you to manufacturer [name of the product prospect is currently using)?

In what ways would it affect your company if one of your key competitors had discovered a way to reduce cost by, say, $1,500 per unit?

How much time would it save you if your materials were placed at strategic locations around the job rather than dumped in one spot?

How call backs would it save you if we were to completely encase each shipment in plastic to prevent weather damage, theft, etc.

You have to help your prospects SEE themselves benefiting from your product or service.

By becoming a problem solver rather than merely a salesperson, youll find that your sales will really take off. So instead of selling products, try selling solutions to your customers and your prospects problems.

Author: Bill Lee
 
Author Bio:

Bill Lee

Bill Lee is a highly successful business man and author. He is a charter member of Master Speakers International and a member of National Speakers Association.

He and his partners grew BMA, a South Carolina-based distribution business from a start up to a $640 million business in just 20 years. Today, Bill is a business consultant who works with owners and managers who want to improve their bottom line and salespeople who want to improve sales and gross margin.

Bill is author of 30 Ways Managers Shoot Themselves in the Foot ($21.95) and Gross Margin: 26 Factors Affecting Your Bottom Line ($29.95).

For more information, call Bill at 800-277-7888 or email him at blee3paris@aol.com

 
 
 

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